PRESS RELEASE TORONTO–(BUSINESS WIRE)– FSD Pharma Inc. (Nasdaq: HUGE) (CSE: HUGE.CN) (FRA: 0K9A) (“FSD Pharma” or the “Company”) today announced that the U.S. Food and Drug Administration (FDA) has given the company permission to submit an Investigational New Drug Application (IND) for the use of FSD-201 (ultramicronized palmitoylethanolamide, or ultramicronized PEA) to treat COVID-19, the […]
COVID-19
Another record month for medical marijuana sales in Oklahoma
Oklahoma’s medical marijuana industry continues to break sales records. Dispensaries remitted nearly $5.1 million via the state’s 7% tax on cannabis, meaning customers spent approximately $73.8 million on medical marijuana in April, according to data released by state tax officials.. It’s the fourth month in a row sales increased compared with the previous month, a […]
Pot producer Canopy Growth’s loss bigger than expected
Canopy Growth Corp (WEED.TO), (CGC.N) on Friday reported a bigger-than-expected quarterly loss as its recreational cannabis business lost market share due to delayed product launches and the company abandoned a profitability target. Its U.S.-listed and Canadian shares ended down about 21% as the company withdrew its forecast of becoming EBITDA positive by the end of […]
‘Cannabis college’: Five universities to offer first ever online marijuana courses, seeing opportunity amid coronavirus
As federal lawmakers in Washington continue to slow-walk — or outright oppose — the legalisation of marijuana, the budding industry is plowing ahead making crucial inroads with another institution of prestige to help lend it legitimacy: higher education. Five universities — three public state schools and two private Catholic colleges — have partnered with cannabis education company Green […]
The Six Rs Of Product Strategy In A Downturn
As America recovers from a tumultuous Memorial Day weekend, attention will turn to the next notable dates on the timeline to what will hopefully be to a safer and more productive country. The end of the pandemic, while not necessarily near, can at least be better understood. On May 10, the New York Times ran […]
Utah attorney general wants Congress to let marijuana businesses use banks
Utah Attorney General Sean Reyes joined a bipartisan coalition of 34 state and territorial attorneys general asking Congress to let legal marijuana businesses access the federal banking system. They are urging Congress to pass the federal Secure and Fair Enforcement (SAFE) Banking Act or a similar bill as part of upcoming COVID-19 relief legislation. “This bill would […]
Michigan marijuana industry changed, but thriving amid coronavirus pandemic
You can’t currently walk into a Michigan marijuana shop and peruse the shelves, but that hasn’t stopped product from flying off them. Close to $1 million a day in marijuana flower, vaping oil and edibles is still being sold, despite coronavirus restrictions that limit sales to curbside pickup and delivery. With approximately $27 million in […]
Postponing The Green Wave: Cannabis Legalization In 2020
Coming into 2020, policymakers in eight states expressed support for regulated medical or adult-use cannabis sales, and advocacy groups in nine states had efforts underway to include legalization on ballots in November. With cannabis already legal for medical use in 33 states; legal for medical and adult-use in 11 states; and more members of Congress – […]
Ohio medical marijuana sales get a coronavirus boost
Ohio’s medical marijuana industry had its best two months yet in March and April, which industry officials say is a result of the new coronavirus and recent changes to the program. Sales reached $12.9 million during four weeks in March and $14.2 million over four weeks in April, according to state reports. That’s a significant […]
Oregon sees record breaking $89 million in marijuana sales in April
There is one bright spot in the economy: marijuana sales. In April, Oregon saw $89 million in legal marijuana sales. The Oregon Liquor Control Commission reports marijuana sales were up 45% in April, compared to last year, making April 2020 the largest month on record for the state. Proponents believe the coronavirus pandemic could be […]
