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, …
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 …
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 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 …