Australia’s medical regulator on Wednesday rejected a bid to approve psychedelics for therapeutic use, saying the risks of the drugs outweigh the potential mental health benefits. In a final decision from the Therapeutic Goods Administration (TGA), the agency declined to approve an application to amend Australia’s poison standards by... Read more
The top official overseeing Illinois’ cannabis policy is leaving the public sector to join the weed lobby. Toi Hutchinson, who has served as a senior adviser to Illinois Governor J.B. Pritzker for cannabis control, announced this week that she will be taking a job with the Marijuana Policy Project... Read more
Big pharma’s moment of reckoning for roles in the opioid crisis began to unravel recently. On November 24, 2020, opioid maker Purdue Pharma LP pleaded guilty to fraud and kickback conspiracies amid a flurry of litigation over its role in the opioid epidemic. Purdue Pharma pitched a massive bankruptcy... Read more
Waitr Enters into Letter of Intent to Acquire a Dispensary Compliance POS Company LAFAYETTE, La., December 17, 2021–(BUSINESS WIRE)–Waitr Holdings Inc. (Nasdaq: WTRH) (“Waitr” or the “Company”), a leader in on-demand food ordering and delivery, today announced the Company has entered into a non-binding letter of intent (“LOI”) to... Read more
Navigate the fast-moving cannabis sector with 420 Investor, a premium service that sends real-time alerts and explanations of the news below and much more. Summary Malta moved to become the first European country to legalize cannabis for adult-use. 420 Investor model portfolios have returned -22.1% to 17.3% year-to-date, while the Global... Read more
Rep. Ed Perlmutter (D-CO) is “still pretty irritated” that marijuana banking reform was omitted from a defense bill last week—apparently at the behest of Democratic Senate leadership. But he said in an interview with Marijuana Moment that the congressional debate that subsequently ensued has advanced the cause nonetheless. Looking... Read more
Rep. Ed Perlmutter (D-CO) is “still pretty irritated” that marijuana banking reform was omitted from a defense bill last week—apparently at the behest of Democratic Senate leadership. But he said in an interview with Marijuana Moment that the congressional debate that subsequently ensued has advanced the cause nonetheless. Looking... Read more
Most financial leaders in cannabis don’t trust the Biden administration, new data suggests. On December 14, GreenGrowth CPAs announced the cannabis industry’s first 2021 Cannabis CFO Survey—a 22-page analysis containing business and market outlook data from over 75 cannabis industry CFOs, CEOs, founders, controllers and other financial roles in... Read more
Lawmakers in Ohio on Wednesday passed a bill that would result in the first significant change to the state’s medical cannabis program since it launched in 2016, effectively empowering doctors to recommend cannabis for just about any condition. Senate Bill 261 passed out of the chamber, and will now... Read more
The fight to end the criminalization of psychedelics and give patients access to natural plants and fungi has achieved success in a growing number of cities and states in recent years, and on Thursday the cause got a boost from prominent people in the entertainment and political fields. Musician... Read more
