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Atai Life Sciences could soon become the second psychedelics company to list on a major U.S. exchange. The Berlin-based biotech firm filed Tuesday with the SEC to raise $100 million in an IPO using the ticker symbol “ATAI.” The company handles a growing portfolio of about 12 companies, all focused on bringing novel mental health treatments through various technologies. In most cases, these include the use of psychedelic substances in mental health treatment. Atai also owns about a 25% stake in Compass Pathways (NASDAQ: CMPS), a company developing psilocybin products for psychedelics-assisted psychotherapy, which debuted on Wall Street in September of last year. A…

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The Mayor of Birmingham, Alabama, Randall Woodfin confirmed Tuesday that blanket pardons for cannabis convictions going back more than 30 years will be issued, reports High Times. What’s more, also on 4/20, the unofficial cannabis holiday, the Alabama Democratic Party asked from regulators to legalize both medical and adult-use cannabis. While Yellowhammer state launched its Pardons for Progress program two years ago, only nine convictions have been cleared since then. The new plan would cover closed cases with convictions for misdemeanor cannabis possession charges between 1990 and 2020, automatically pardoning them, writes the outlet. According to estimates, some 15,000 pardons…

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TerrAscend Corp. (CSE:TER)(OTCQX: TRSSF) is purchasing three Keystone Canna Remedies stores in Northeast Pennsylvania. Under the terms of the agreement, the North American cannabis operator will acquire GuadCo, LLC and KCR Holdings LLC, which operate three retail dispensaries located in Bethlehem, Allentown, and Stroudsburg. The transaction, worth $63 million, will bring the remaining 90% of KCR under the TerrAscend’s wing. The price tag, which represents a mid-single-digit multiple of KCR’s …Full story available on Benzinga.comPowered by WPeMatico

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Canadian cannabis giant Canopy Growth Corporation (TSX:WEED) (NASDAQ:CGC) has teamed up with Southern Glazer’s Wine & Spirits to distribute its CBD-infused beverages in the U.S. The move follows the U.S. debut of Quatreau, the company’s new line of CBD-infused sparkling water, which was launched in Canada in November. Southern Glazer’s agreed to distribute and sell Canopy Growth’s CBD beverages, kicking off with Quatreau within seven states under the partnership. The distributor of beverage alcohol will utilize its commercial infrastructure, including the …Full story available on Benzinga.comPowered by WPeMatico

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This article by Taylor Mclamb was originally published on Cannabis & Tech Today, and appears here with permission. At our recent Emerge Virtual Cannabis Conference & Expo, transformative thinkers and innovators voiced their insight on diversity, expungement, and prison reform to hundreds of eager virtual attendees. The event hosted several prominent speakers from the industry, boasting a powerhouse assembly of cannabis enthusiasts. Hemp and cannabis culture is all about community; it’s a space where everyone deserves representation. As the demand for cannabis continues to grow, many revolutionary leaders within the industry, including Andrew DeAngelo, Wanda James, Steve DeAngelo, and others have been fighting…

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This article was originally published on WeedWeek, and appears here with permission. Craig Lyon, who recently joined California brand Connected Cannabis as head of marketing, spent the early years of his career at Nike, which constructs mythologies around its products as effectively as any company in the world. Now Connected seeks to do something similar. We recently caught up with Lyon to discuss his impressions of cannabis marketing and where he aims to take Connected.        As WeedWeek discussed several weeks ago, in a challenging economy, Connected, and its sister brand Alien Labs, already manage to sell out their flower at a far higher price…

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Coming to you from high (very HIGH) in the hills of Oakland, California, hosted by Steve DeAngelo, “the father of the legal cannabis industry,” Radio Free Cannabis is the voice of the global cannabis freedom movement. Translated into 195 different languages, RFC features news, discussion, and commentary of interest to people who love the cannabis plant and understand it as a force for peace and justice. Today there are hundreds of millions of us on Planet Earth, and collectively we are larger than all but the largest nations. If all of us who love cannabis can figure out how to talk to each …Full…

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White House Press Secretary Jen Psaki answered various cannabis legalization questions on the unofficial cannabis holiday 4/20, refusing to make clear whether or not President Joe Biden would sign a bill to legalize cannabis on the federal level. When asked if Biden would sign the bill to halt federal cannabis prohibition if Congress approved it, Psaki said that he supports states’ rights to do so, reported Marijuana Moment. Unclear Response The president supports leaving decisions regarding legalization for recreational use up to the states, rescheduling cannabis as a Schedule II drug so researchers can study its positive and negative impacts and,…

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