Delaware’s moving one step closer to launching adult-use marijuana sales, with news that the state will start accepting license applications from entrepreneurs on Aug. 19. The state Marijuana Commissioner’s Office will accept applications until Sept. 30, according to a press release from the agency. Eligible applicants will be entered into …
Tag: Investing
California cannabis business orgs raise red flags over proposed hemp supply chain integration
A pair of cannabis trade organizations in California that represent hundreds of small businesses held a press conference on Thursday to sound the alarm over a proposed amendment that they said is an “existential threat” to much of the legal marijuana supply chain in the state. A trio of representatives …
FDA declines to approve Lykos’ MDMA-based PTSD drug, requests additional trial
Lykos Therapeutics hit a major roadblock Friday in its bid to bring the first psychedelic-based therapy for post-traumatic stress disorder to market, as U.S. regulators rejected its application and called for additional research. The Food and Drug Administration issued a complete response letter for Lykos’ new drug application for its …
Mind Medicine launches new public offering to raise $75 million
New York-based Mind Medicine (Nasdaq: MNMD) announced a new public offering of roughly 9.2 million shares at $7 each, which is aimed at raising $75 million for the psychedelics company. According to the press release announcing the offering, some investors will be given the option of purchasing about 1.4 million …