President Joe Biden signed off on a new defense bill that includes provisions for funding clinical trials on the therapeutic potential of psychedelic drugs for active-duty military personnel. The president approved 2024’s National Defense Authorization Act on Dec. 22, a week after Congress green lit the package and sent it …

New Mexico marijuana regulators took their most strident enforcement actions to date against rule breaking cannabis businesses, by revoking the grow permits of two cultivation facilities and fining each $1 million apiece. Both of the farms, located within miles of each other in rural Torrance County, were found repeatedly to …

Cannabis cultivation and extraction solutions company Agrify Corporation (Nasdaq: AGFY) touted a significant reduction in net losses for the third quarter ending Sept. 30, as sales continue to remain downbeat. The company highlighted a series of successful cost-cutting measures and decisions that have led to the “lowest historical net loss” …

The Daily Hit is a recap of the top financial news stories for Jan. 2, 2024. On the Site New York Makes Two MSOs Wait for Recreational Market Entry During a chaotic meeting on Friday, New York marijuana regulators told two multistate operators – Fiorello Pharmaceuticals Inc., which is owned …