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Cannabis Countdown: Top 10 Marijuana And Psychedelics Industry News Stories Of The Week

September 8, 2020 11:29 am
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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.

Yahoo Finance readers, please click here to view full article.

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.

READ FULL RWB ARTICLE

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.

READ FULL MIKE TYSON ARTICLE

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.

READ FULL DRONE WEED ARTICLE

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.

READ FULL FIELD TRIP ARTICLE

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.

READ FULL TRULIEVE ARTICLE

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


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