New Mexico, like many other relatively new cannabis markets, is still developing more demand while sales continue to climb regularly. Last month the state hit yet another high water mark at $50.4 million in total cannabis sales. That includes $37.4 million in adult-use cannabis goods – a new record for …

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” …