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

Welcome to the Cannabis Countdown, the Legal Marijuana Industry’s Number One Curated Weekly News Recap.

In This Week’s Edition, We Recap and Countdown the Top 10 Cannabis and Psychedelics Industry News Stories for the Week of April 5th – 11th, 2021.

Without further ado, let’s get started.

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10. Creso Pharma Updates Investors on Transformational Psychedelics Acquisition

Creso Pharma Informed Shareholders That Due Diligence on the Company’s Acquisition of Psychedelics Firm Halucenex Life Sciences Continues to Move Forward in a Positive Direction

Creso Pharma COPHF also announced That Halucenex Has Entered Into An Advisory Agreement With Biotech Firm Growing Together Research to Expand its R&D Into New Psychedelic Compounds Such as MDMA, LSD and Ketamine.

READ FULL CRESO PHARMA ARTICLE

9. Florida Department of Health Approves Red White & Bloom’s Acreage Florida Acquisition

The Announcement Moves RWB One Step Closer to Closing the Potentially Lucrative Acreage Florida Deal

Red White & Bloom RWBYF announced that the Florida Department of Health, Office of Medical Marijuana Use has approved the company’s previously announced deal to acquire Acreage Florida from Acreage Holdings ACRGF. With only 22 licensed operators and 2020 cannabis revenues topping USD $1.2 billion, Florida’s burgeoning Medical Marijuana market presents an excellent expansion opportunity for RWB and its shareholders.

READ FULL RED WHITE & BLOOM ARTICLE

8. Psychedelics in Groups? First Study of its Kind Shows Potential For Collective Settings

While the Corporate Fanfare Around Psychedelics Continues to Grow, the Reality is the Majority of These Drugs Remain Illegal in Most Countries Around the World, With Few Exceptions for Legal Access

Of course, this hasn’t stopped humans from using them—and one of our favourite ways to trip is collectively. The first-of-its-kind study was conducted by a team of researchers at Imperial College London and led by doctoral student Hannes Kettner. The quantitative look at real-world psychedelic use recruited a total of 886 participants, who were simply required to have a plan to participate in a ceremony or guided group experience involving the use of a Psychedelic, such as Ayahuasca or Psilocybin, of their own accord.

READ FULL PSYCHEDELICS IN GROUPS ARTICLE

7. Texas Lawmakers Approve Marijuana Decriminalization Bill in Committee

The Full House of Representatives Approved a Cannabis Decriminalization Bill in 2019, But it Did Not Advance in the Senate That Session

A bill to decriminalize Marijuana possession in Texas—as well as a separate proposal to reduce penalties for possessing Cannabis concentrates—advanced out of a key House committee on Friday.

READ FULL TEXAS CANNABIS ARTICLE

6. Psilocybin Service Centers in Oregon Will Explore and Exploit the Therapeutic ‘Magic’ of Magic Mushrooms

‘Psilocybin Service Centers’ Won’t Be Drive-Through Places Where Mechanics Check the Enchantment Pressure of Your Psychedelic Stash

Come 2023, they will be distribution centers for Psilocybin as mandated under Oregon’s Ballot Measure 109, passed by popular vote in November of 2020. They may also be where psilocybin-assisted psychotherapy is given.

READ FULL OREGON PSILOCYBIN ARTICLE

5. Uber Will ‘Absolutely’ Explore Marijuana Deliveries When Federal Prohibition Ends, CEO Says

Dara Khosrowshahi Was Asked About the Prospect of Expanding His Business to Include Cannabis Deliveries During an Interview With CNBC

The CEO of Uber UBER said on Monday that the ride share company will “absolutely” explore adding marijuana deliveries to its services when federal prohibition ends. He said while the company remains focused on grocery and alcohol deliveries, in addition to its core ridesharing service, that’s certainly in the cards if marijuana is federally legalized.

READ FULL UBER CANNABIS ARTICLE

4. Raúl Elizalde on the Benefits of Cannabis Legalization in Mexico, Potentially the Biggest Market in the World

Last November, the Mexican Senate Passed a Recreational Cannabis Project, Taking the First Step on the Road to Potentially Creating the Biggest Cannabis Market in the World

Most recently, the Chamber of Deputies passed the bill with a few changes. The amended bill was supposed to be approved quickly, but Mexican Senate President Eduardo Ramírez revealed two weeks ago there is no consensus on the changes made by the Chamber of Deputies. While it may take longer than expected, Ramírez is enthusiastic about the bill being approved before April 20, when the Congressional season and the current Congressional term ends. Sooner or later, Cannabis legislation in Mexico seems inevitable.

READ FULL MEXICO CANNABIS ARTICLE

3. New England Journal of Medicine to Publish Study Comparing Psilocybin to a Conventional Pharmaceutical Drug Prescribed For Depression

The Study Was a Two-Arm Double-Blind Randomized Controlled Clinical Trial in 59 People With Major Depressive Disorder

The aim is to compare the efficacy and mechanisms of action of Psilocybin, the primary psychoactive substance in Magic Mushrooms, with escitalopram for major depressive disorder.

READ FULL NEW ENGLAND JOURNAL ARTICLE

2. Four More States Could Still Legalize Marijuana This Year After New Mexico, New York and Virginia

From Delaware to Minnesota, Lawmakers Are Still Working to End Prohibition By the Year’s End

With New Mexico, New York and Virginia legalizing marijuana in recent days, one might think the Cannabis reform movement has already achieved its high water mark for 2021. But the fact is, legalization bills are still moving forward in several other states across the country this session.

READ FULL MARIJUANA LEGALIZATION ARTICLE

1. California Senators Approve Bill to Legalize Possession of Psychedelics Like LSD, MDMA and Psilocybin

The Senate Public Safety Committee Approved the Legislation, Sponsored By Sen. Scott Wiener (D), By a Vote of 4-1

A bill to decriminalize Psychedelics in California and create a working group to study broader reform advanced through a Senate committee on Tuesday. The panel also approved separate legislation to allow communities in the state to temporarily open safe consumption sites for illegal drugs. If enacted into law, it would remove criminal penalties for possessing or sharing a wide range of psychedelics—including Psilocybin mushrooms, DMT, Ibogaine, LSD and MDMA—for adults 21 and older.

READ FULL CALIFORNIA PSYCHEDELICS ARTICLE

Photo by Roberto Valdivia on Unsplash