A new webpage apparently posted within the past week by a federal U.S. health agency acknowledges that psilocybin may have medical value, particularly for treating depression, despite its current status as a federally banned Schedule I drug. The page, “Psilocybin for Mental Health and Addiction: What You Need to Know,” …

Currently, tribes are operating businesses in nine states: California, Michigan, Minnesota, Nevada, New Mexico, New York, North Carolina, South Dakota, and Washington. The post Analysis: Growing Number of Native American Tribes Engaging in Cannabis Sales […]

A new report on Massachusetts marijuana licensing cautioned against unchecked expansion in cannabis retail and cultivation in the state, as both sectors face oversupply risks. The analysis by Whitney Economics examined licensing data across the state’s supply chain – from cultivators and product manufacturers to retail stores. It aimed to …

The Daily Hit is a recap of the top financial news stories for Thursday, May 16, 2024. On the Site Biden announces ‘monumental’ shift to formally reschedule marijuana President Joe Biden on Thursday confirmed that the Drug Enforcement Administration will be pursuing a proposed rule to reschedule marijuana, calling the …