A coalition of Pennsylvania lawmakers introduced a bill this week that’s meant to promote research into the therapeutic potential of psilocybin mushrooms for mental health conditions such as post-traumatic stress disorder (PTSD)—the latest example of how the psychedelics reform movement is gaining momentum. Led by Rep. Tracy Pennycuick (R),... Read more
Exclusive Interview with Body and Mind CEO Michael Mills and COO Trip Hoffman Multi-state operator Body and Mind (CSE: BAMM) (OTCQB: BMMJ) has fueled its growth in the cannabis industry through applying for opportunities in limited license states and launching those operations as quickly as possible. The Body and... Read more
Sundial Growers to Acquire Alcanna Inc. CALGARY, AB, Oct. 7, 2021 /PRNewswire/ – Sundial Growers Inc. (NASDAQ: SNDL) (“Sundial” or the “Company”) is pleased to announce today that it has entered into an arrangement agreement (the “Agreement”) with Alcanna Inc. (TSX: CLIQ) (“Alcanna”) pursuant to which Sundial will acquire... Read more
Another California city has effectively decriminalized a wide range of psychedelics, with the Arcata City Council unanimously approving the reform on Wednesday. The 5-0 vote means that the possession, cultivation and distributions of entheogenic substances like psilocybin and ayahuasca will be among the city’s lowest law enforcement priorities. The... Read more
Another California city has effectively decriminalized a wide range of psychedelics, with the Arcata City Council unanimously approving the reform on Wednesday. The 5-0 vote means that the possession, cultivation and distributions of entheogenic substances like psilocybin and ayahuasca will be among the city’s lowest law enforcement priorities. The... Read more
Another California city has effectively decriminalized a wide range of psychedelics, with the Arcata City Council unanimously approving the reform on Wednesday. The 5-0 vote means that the possession, cultivation and distributions of entheogenic substances like psilocybin and ayahuasca will be among the city’s lowest law enforcement priorities. The... Read more
A deadly shooting aboard an Amtrak train in Arizona on Monday occurred following a search for marijuana by law enforcement officers, according to court documents filed in the case. Drug Enforcement Administration special agent Michael Garbo and a suspect only identified as D.T. were killed and two agents were... Read more
The tax man is extending a helpful hand to marijuana business owners, not something we would normally see for the cannabis industry. In an announcement posted on its website late last month, the Internal Revenue Service unveiled its new “Cannabis/Marijuana Initiative,” billed as a “groundbreaking effort” by the agency... Read more
Today California Governor Gavin Newsom signed Assembly Bill 45, establishing a comprehensive regulatory framework for the manufacture and sale of hemp-derived products in the state, including smokable hemp as well as hemp-infused food and drink sales. As an emergency statute, the bill goes into effect immediately. While CBD products... Read more
Tilray, Inc. Reports First Quarter Fiscal Year 2022 Financial Results Net Revenue and Gross Profit Increased 43% and 46%, Respectively, for Largest Global Cannabis Cultivator 10th Consecutive Quarter of Positive Adjusted EBITDA $55 Million in Cost-Savings Achieved On a Run-Rate Basis To Date; On-track for at Least $80 Million... Read more
