Insights

IDAHO — The quest to introduce medical cannabis in Idaho is gathering steam, spearheaded by the determined advocacy group, Kind Idaho. The Gem State remains one of the final holdouts in the nation without any legal form of cannabis. Driven by the ambition to legalize medical cannabis for cardholders, Kind Idaho is diligently garnering signatures ...

NEW YORK — Cybin Inc., a psychedelic-based medical treatments, announced today the successful completion of its Phase 2 clinical trial for CYB003, a proprietary deuterated psilocybin analog. The compound is being evaluated as a potential breakthrough treatment for Major Depressive Disorder (MDD). With the trial's conclusive data expected in the latter part of this year, ...

ATLANTA — A recent revelation by the Georgia Department of Public Health (DPH) has stirred the state’s medical cannabis industry. The DPH admitted to a significant overestimation of the number of medical cannabis patients and caregivers enrolled in its low-THC oil registry. While initial figures presented by health officials indicated approximately 50,000 registered individuals, the ...

COLUMBUS- As Ohio prepares for the upcoming November elections, new data reveals that the majority of the state's voters are leaning towards the approval of a cannabis legalization measure. The poll, commissioned by the Coalition to Regulate Cannabis Like Alcohol (CRMLA) and conducted by FM3 Research, offered an insight into the public sentiment regarding the ...

LOS ANGELES- In a commendable move, Verano Holdings Corp. is prepping for its third annual Breast Cancer Awareness Month campaign, which will commence on October 1st. This extensive initiative will span eleven states, showcasing the company's commitment to this cause. CEO George Archos spoke about the campaign with evident enthusiasm, saying, "We are proud to ...

LOS ANGELES- The American Nurses Association (ANA), representing over 5 million nurses in the United States, has formally recognized cannabis as a distinct nursing specialty practice. This announcement, made in a press release on Wednesday, underscores the pivotal role of cannabis nurses in offering patient education and incorporating cannabis-based treatments. Jennifer Mensik Kennedy, ANA President, ...

WASHINGTON- Senate Majority Leader Chuck Schumer (D-N.Y.) emphasized his support for cannabis banking reform during his speech on the Senate floor this Wednesday. Addressing the Senate, Schumer discussed the ongoing committee markup for the bipartisan SAFER Banking Act, a pivotal legislation designed to offer a "safe harbor" for financial institutions eager to work with the ...

LOS ANGELES- The advocacy group, Nebraskans for Medical Marijuana (NMM), is stepping up its efforts to legalize medical cannabis in the state. The group has rolled out two initiatives for the 2024 ballot: The Patient Protection Act and The Medical Cannabis Regulation Act. The former aims to shield patients and caregivers, while the latter seeks ...

LOS ANGELES-In the ever-evolving landscape of the cannabis industry, where regulations shift like the winds, and financial complexities rival those of any other sector, the role of an accountant has taken on a new dimension. Leading accountants in the cannabis field are not just number crunchers; they are financial strategists, compliance experts, and pioneers navigating ...

HELENA— A cannabis testing laboratory in Montana has closed its doors, sparking concerns over testing accuracy and oversight in the state's burgeoning cannabis industry. Stillwater Laboratories, owned by Ron and Kristine Brost, raised alarm bells regarding the possibility that the state's METRC software system might inadvertently approve large amounts of cannabis without adequate testing. The ...

DETROIT — Just days after being featured on the cover of the Detroit Metro Times, Detroit’s first "psychedelic church," Soul Tribes, faced a police raid, drawing attention to the complex legal landscape surrounding entheogenic plants and fungi. The church, operated by Shaman Shu, offers psilocybin mushrooms as a sacred sacrament. The owner alleges that the ...

LOS ANGELES- In a turn of events, Oregon faces a renewed battle over its drug policies, following the 2020 voter-approved Measure 110 that decriminalized the possession of drugs. Two petitions circulating in the state aim to roll back the provisions of this landmark decision. Leading this charge is the Coalition to Fix and Enhance Ballot ...

LOS ANGELES- In the ever-evolving landscape of the cannabis industry, staying on the path to success can be a daunting challenge. Cannabis entrepreneurs and operators face myriad hurdles, from shifting regulations to fierce competition. However, there's a silent and insidious threat that can undermine even the most promising cannabis companies: distraction. In this article, we ...

LOS ANGELES- In the ever-evolving landscape of the cannabis industry, staying on the path to success can be a daunting challenge. Cannabis entrepreneurs and operators face myriad hurdles, from shifting regulations to fierce competition. However, there's a silent and insidious threat that can undermine even the most promising cannabis companies: distraction. In this article, we ...

LOS ANGELES-In the fast-evolving cannabis industry, operators are constantly seeking ways to stay competitive and maximize profits. Amidst the pressure to cut costs and increase efficiency, it's easy for cannabis operators to fall into the trap of pursuing cost savings at any cost. However, not all cost-saving measures are created equal, and what may seem ...

LOS ANGELES- In an industry marked by its ever-shifting cultivation practices, Eden Grow Systems is leading the charge with its innovative aeroponic cannabis cultivation techniques. Unlike the conventional practices which rely heavily on soil or soilless substrates, aeroponics introduces a method where plant roots remain exposed and suspended, drawing nutrients from a rich water solution. ...

WASHINGTON — Congress is set to discuss a newly introduced bill aiming to curb federal intervention in states and localities where psilocybin mushrooms have been legalized or decriminalized. The bill, termed the Validating Independence for State Initiatives on Organic Natural Substances (VISIONS) Act, was put forth by Democrat Reps. Robert Garcia and Earl Blumenauer. As ...

LOS ANGELES- The intersection of aging and mental health has always been a focal point for researchers. With a burgeoning elderly population, the emphasis on promoting healthy aging has never been more critical. Enter psychedelic therapies — a once-controversial field, now heralded as a potential revolution in geriatric care. The profound effects of these therapies ...

LEXINGTON. — In an effort to tackle the persistent issue of opioid addiction, the Kentucky Opioid Abatement Advisory Commission is exploring the potential of ibogaine, a naturally occurring psychedelic. During a recent session, the commission reviewed testimonies from over a dozen individuals, both professionals and those with personal experiences, detailing their encounters with the substance ...

VANCOUVER, — Magdalena Biosciences, in collaboration with Filament Health and Jaguar Health Inc., has imported coca leaves into Filament's research facility located in Vancouver. The acquisition, facilitated under the authorization of the Peruvian Health Authority, is sourced from Peru's sole approved coca distributor, Empresa Nacional de la Coca (ENACO). The coca leaves, now overseen by ...

FARRIS FORWARD: Welcome to Farris Forward, a new series of articles curated by Jon Farris and distributed by Highly Capitalized. The series highlights the insights and strategies being deployed by industry insiders and experts, offering a glimpse into the dynamic world of the cannabis sector. As the industry evolves, operators are encouraged to follow Farris ...

LOS ANGELES- California lawmakers are moving forward with legislation aimed at enhancing the rights of cannabis consumers. Two significant bills have advanced to Governor Gavin Newsom's desk, which could potentially alter the current state of cannabis consumption and employment rights concerning the use of the substance. Expanding Access to Medical Cannabis in Healthcare Settings Senate ...

LOS ANGELES- In a critical move to stabilize its financial position, psychedelic pharmaceutical biotech firm Clearmind Medicine Inc. has successfully completed a public offering exclusive to the United States, amassing approximately $2.25 million in funds. The offering comprised 7,500,000 common shares, as well as an equal number of pre-funded and common warrants. The newly-acquired funds ...

LOS ANGELES- COMPASS Pathways, a biotechnology company at the forefront of mental health innovation, recently secured $285 million in private financing to further its research into the potential benefits of psychedelic medicines. The infusion of funds, expected to sustain the company's operations until late 2025, comes from 11 leading investment firms, including TCGX and Aisling ...