A panel of independent health advisers convened Tuesday to consider a landmark proposal to approve MDMA as a treatment for post-traumatic stress disorder. In the end, Lykos’ MDMA drug approval proposal to treat PTSD failed with a 1-10 vote, reducing the chance for federal approval later this summer. The Psychopharmacologic …

Flora Growth Corp. (NASDAQ: FLGC) is doubling down on its efforts to expand in the U.S. cannabis market, announcing a joint venture with Althea Group Holdings to enter the hemp-derived beverage sector, the company announced Tuesday. The 50/50 joint venture, named Peak USA LLC, will combine Flora’s brand development, sales, …

224 – Number of stores closed in New York’s crackdown on illicit cannabis sales In just two weeks, the New York Cannabis Enforcement Task Force conducted 329 inspections of stores suspected of selling cannabis without a license. As of May 24, 224 of those stores had been closed. That translates …

With the Ohio adult-use cannabis sales set to launch in a matter of weeks, four multistate operators stand poised to reap significant benefits from the new market. That’s according to equity analyst Pablo Zuanic of Zuanic & Associates, who reviewed the current landscape and the four MSOs. Zuanic expects sales …