The Ohio state Senate took the first major step towards rolling back the voter-approved adult-use marijuana law that won at the ballot box in 2023, with the approval this week of Senate Bill 56, which now heads to the GOP-controlled House of Representatives for consideration. According to The Columbus Dispatch, …
Tag: Investing
Red Light Holland posts sales dip amid retail lull, ‘debanking’ issues
Red Light Holland (CSE: TRIP) (OTCQB: TRUFF) reported a 9.5% slide in third-quarter revenue Wednesday, as the Ontario-based psychedelics company faced challenges including lower mushroom sales and a returned Costco order. The company, which sells functional mushrooms, mushroom grow kits and legal psilocybin truffles, reported revenue of $1.17 million for …
‘Lot of excitement’ around hemp beverage boom
As the nationwide intoxicating hemp market continues to surge alongside its marijuana cousin, more companies are tapping into the opportunities in what’s estimated to be a multibillion-dollar niche market. And within that massive hemp-derived THC market, beverages are gaining steam. “There’s a lot of excitement, a lot of interest, a …
Harmony Biosciences posts record sales for narcolepsy drug, maps synthetic CBD plans
Harmony Biosciences Holdings (Nasdaq: HRMY) reported record sales for its narcolepsy treatment WAKIX in 2024 and projected stronger revenue for 2025, as the company advances several clinical trials including a non-THC cannabidiol treatment for a rare genetic disorder. The company said Tuesday that WAKIX generated $201.3 million in revenue during …