Mississippi regulators plan to revoke the operating license of Rapid Analytics, one of the state’s two medical marijuana testing labs, due to serious rule violations that led to a product recall. “This decision follows an investigation conducted between December 21, 2023, and February 9, 2024, revealing significant deviations from regulatory …

Enveric Biosciences (NASDAQ: ENVB) is selling one of its cancer-related patent portfolios for an undisclosed amount. Enveric said it plans to continue to focus and invest in the development of its lead candidates EB-003, a first-in-class neuroplastogen designed to eliminate hallucinations, and EB-002, formerly EB-373, a next-generation synthetic prodrug of …

AFC Gamma, Inc. (Nasdaq: AFCG) announced plans on Thursday to separate its operations by spinning off its commercial real estate portfolio into a new independent entity, Sunrise Realty Trust, Inc. (SUNS), which wants to gain REIT status. The move is designed to create two distinct publicly traded companies: AFC Gamma, …

The Daily Hit is a recap of the top financial news stories for Feb. 21, 2024. On the Site Connecticut cannabis sees first monthly sales decline Connecticut has experienced its first decline in cannabis sales since the state legalized recreational marijuana last year. January sales figures for adult-use cannabis dipped to …