A long-running showdown between a doctor and the U.S. Drug Enforcement Administration that could affect the legal status of psychedelics is heating up. The agency last week urged the Ninth Circuit Court of Appeal to block the physician’s efforts to use psilocybin to treat depression in terminally ill cancer patients, …
Tag: Investing
Number of the Week: $28.5 million
$28.5 million – Total retail cannabis sales reported on 4/20 in Michigan Operators in Michigan reported more than $28.5 million in cannabis sales on Saturday, the unofficial cannabis holiday known as 4/20. That total was up 32% from last year’s $21.6 million in sales on the day, according to data …
Receiver appointed for High Times’ assets
The receiver for ExWorks, the company that lent High Times Chairman Adam Levin money to buy the business, has appointed Kevin Singer of Receiver Specialists to oversee the sale of High Times’ assets to settle ooutstanding debts. High Times and Levin used several properties as collateral that are now poised …
Missouri AG probes illegal THC sales after child illnesses
Missouri Attorney General Andrew Bailey this week launched an investigation into several companies for selling illegal vape and marijuana products that contain delta-8 and delta-9 THC, citing concerns over consumer protection and public health, particularly among children. The investigation, which also includes disposable e-cigarette products, was prompted by reports of …