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 June 8th – 14th, 2020.
Without further ado, let’s get started.
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The former heavyweight champ and baddest man on the planet, Mike Tyson, is expanding his cannabis empire and in the process, smoking $40,000 worth of weed a month. Antigua’s new marijuana regulations have created an attractive new cannabis market and opened the doors for entrepreneurs to invest in the region.
Tesla TSLA CEO Elon Musk became one of the latest notable names to use their platform to stoke conversation. In the early hours of June 6, Musk tweeted about the disparity that finds thousands of people in jail for selling marijuana while the market becomes increasingly legal.
Dalriada’s medicinal chemistry expertise combined with Champignon Brands’ SHRMF innovative formulation platforms will accelerate the company’s advancement of therapeutic applications of Ketamine and Psilocybin derivatives.
Then the 60’s happened, and Psychedelics transitioned into becoming a recreational drug that caught the attention of federal authorities, essentially derailing medical research and thus, business development. “The biggest antagonist on the industry that we are pioneering is stigma,” JR Rahn, co-founder and CEO of MindMed MMEDF.
Flower will be promoting Level Select, the company’s brand of performance-based CBD personal care products, including sports creams, roll-ons and oil drops.
About one year after Denver became the first city in the U.S. to decriminalize possession of so-called magic mushrooms, the survey shows that voters have an appetite to not only expand that policy across the state but also to go further by legalizing and regulating the supply chain and allowing medical professionals to facilitate access for people with depression, anxiety and other mental health issues.
Red White & Bloom Brands RWB TDRYD announced the closing of its previously announced deal to acquire the licensing rights for the branding of High Times dispensaries and High Times cannabis-based CBD and THC products in the States of Michigan, Illinois and Florida. The deal combines the largest midwest cannabis operation boasting 350,000 transactions per year with the world’s most Iconic marijuana brand for over 46 years.
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