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Welcome to the Cannabis Countdown. In This Week’s Edition, We Recap and Countdown the Top 10 Marijuana and Psychedelics Industry News Stories for the Week of August 31st – September 6th, 2020.
Without further ado, let’s get started.
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10. Red White & Bloom Posts Q2 2020 Earnings, Firms Up Platinum Vape Acquisition
RWB Posted Q2 Adjusted EBITDA of $6.5 Million, Which Excluded the Financials of Both of RWB’s Pending Major Acquisitions
Platinum Vape boasts current annualized revenues of over $102 million and EBITDA of approximately 25%-30% and the deal is slated to close on or around September 15, 2020. In addition to Platinum Vape, Red White & Bloom’s (OTCQX:RWBYF) acquisition of PharmaCo, a dominant Cannabis operator and leader in the burgeoning Michigan market, is also nearing its completion.
9. Mike Tyson Credits Psychedelics – “It Got Me in Shape”
After Spending Much of His Retirement Without Training, Mike Tyson Revealed How Psychedelics Helped Him Get Back in Shape
Recently, Mike Tyson sat down with Joe Rogan and discussed several things about his life, including Psychedelic substances. It was surprising to see Tyson open up on his substance consumption habits. He admitted to using DMT and toad, two of the most trending Psychedelics. Besides that, Tyson also revealed how he regained his shape.
8. Three-in-Five D.C. Voters Support Psychedelics Decriminalization Initiative, New Poll Finds
Support for the Measure Increased Significantly as More Residents Became Informed About the Proposal, Rising 9% Since the Last Poll Was Conducted in April
Three-in-five voters in Washington D.C. are in favor of an initiative to decriminalize a wide range of Psychedelics, a new survey shows.
READ FULL PSYCHEDELICS REFORM ARTICLE
7. ‘Is it a Bird? is it a Plane?’ No, it’s A Drone Dropping Free Weed to Promote Legalization
A Pro-Legalization Campaign Was Organized By a Telegram Group Called “The Green Drone”
On Thursday afternoon, a flying drone dropped hundreds of baggies containing free Cannabis samples in a square in Tel-Aviv, Israel.
6. Psychedelic Company Compass Pathways Files to Go Public
The UK-based Mental Health Company Known for its Psychedelic Treatments, Has Filed to Go Public This Week
Compass Pathways, which has raised $116 million so far, said it plans to list its American depositary shares on the NASDAQ under the ticker “CMPS”.
READ FULL COMPASS PATHWAYS ARTICLE
5. California Wildfires Once Again Create Uncertainty for Many in the Cannabis Space
It is Unclear at This Point Just How Much of an Impact These Blazes Will Have on California’s Cannabis Market
Wildfires are expected to ravage California into the Labor Day Weekend, with the latest iteration primarily located in Northern California with three of the state’s nine most massive fires in its history.
READ FULL CALIFORNIA WILDFIRES ARTICLE
4. Field Trip Psychedelics Introduces Trip, a Mobile App Designed to Expand Your Mind
Trip Provides People with Best-in-Class Tools and Practices for Those Undertaking Consciousness-Expanding Activities Such as Meditation, Breathwork and More
Field Trip Psychedelics, the company redefining mental health and well-being through its ground-breaking work in Psychedelics and psychedelic-enhanced psychotherapy, today announced the launch of its first-ever app, Trip.
3. Historic Day as Trulieve Introduces Edibles in Florida and Serves its First Patient
The Tallahassee Store That Saw the First Medical Marijuana and Smokable Flower Sales Serves Long-Time Truliever with First Edible Sale in the State of Florida
Trulieve (OTCQX:TCNNF) announced that it began offering edible Cannabis products to patients in Florida following finalized regulations from the Florida Department of Health for the sale of edible cannabis products and approval of its products.
2. What to Do When Your Mental Health Professional is Opposed to Cannabis or Psychedelics
Improving Your Mental Health is Empowering. But What if Your Therapist Isn’t Down with the Green?
In recent years, Cannabis and Psychedelics have both re-emerged as possible solutions for scores of people suffering from physical and mental health conditions. While numerous individuals feel that their use of marijuana or psychedelics helps their daily lives, many mental health professionals aren’t echoing the sentiments, whether they’d like to or not.
READ FULL CANNABIS/PSYCHEDELICS ARTICLE
1. U.S. Cannabis Execs Say the Industry is Heading for a Turnaround
They Predicted That a Biden Win and a Democrat Controlled Senate Would Pour ‘Jet Fuel’ on the American Cannabis Industry
I spoke with the top executives of 7 of the biggest U.S. Cannabis Stocks, including Green Thumb (OTCQX:GTBIF), Curaleaf (OTCQX:CURLF), and Trulieve (OTCQX:TCNNF), to understand what’s in store for the industry after a disappointing 2019 and a challenging start to 2020.
READ FULL CANNABIS EXECS ARTICLE
Photo by Esteban Lopez on Unsplash
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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