Purablis Weekly Global Cannabis and CBD News Roundup - The most important investment and industry news of the week

Global Cannabis and CBD News Roundup

Hi,

Inching upwards, about 15% of Americans now say they smoke cannabis, with nearly half having tried it at least once. The DEA’s upcoming hearing on rescheduling has been moved to January or February. They’re bringing in pro-cannabis voices like the National Cannabis Industry Association and Americans for Safe Access, along with law enforcement reps. Let's get ready to rumble! :) We also found an analysis of how Florida legalization will affect MSOs. Let's see what happens with the cannabis voting tomorrow in FL, SD, ND and NE. :)

Thanks and I hope you go vote!
Jessica

Weekly News

Viridian Capital Chart of the Week: The Potential Impacts of Florida Rec vs Rescheduling More at dealtracker.viridianca.com...

What Percentage of Americans Smoke Cannabis? More at news.gallup.com...

The Real Cannabis Policy Power Lies beyond the Oval Office More at thehill.com...

DEA Picks and Lists 25 to Participate in Cannabis Rescheduling Hearing More at mjbizdaily.com...

JD Vance Asks Joe Rogan For Advice On Providing Psychedelics Access To Veterans More at marijuanamoment.net...

Which States Could Legalize Cannabis? Here’s Where Cannabis Is on the Ballot Election Day 2024 More at usatoday.com...

Patients Report Reduced Pain, Improved Mental Health Following Medical Cannabis Treatment More at norml.org...

Costa Rica Awards 57 Licenses for Cultivation, Production of Hemp Derivatives More at mjbizdaily.com...

Who's Most Likely To Use Cannabis? Food Prep, Creatives And Construction Workers: CDC More at marijuanamoment.net...

Kentucky Awards Medical Cannabis Business Licenses for Cultivators and Processors More at msn.com...

A Record Number of Banks Are Working with Cannabis Businesses as Rescheduling Looms More at marijuanamoment.net...

No More Wake and Bake: NY Bans Sale of Caffeine-Infused Cannabis More at nypost.com...

StateHouse Receiver Says Cannabis Receiverships on the Rise More at greenmarketreport.com...

German Cannabis Club Hands Out Cannabis for First Time under New Law More at yahoo.com...

Cool Finds

Castro Castle Preserving SF’s Cannabis History Facing Uncertain Future More at abc7news.com...

Inside the Deadly Market for Experimental Bodybuilding Drugs Documentary More at youtube.com...

Stocks and Startups Briefs

10/31/24
Whitney Economics indicates New York's cannabis market could reach $3B in two years, despite challenges from unlicensed operators affecting profits.
Cookies Retail is suing Cookies Creative Consulting and PTB Investment Holdings for $12.5M, claiming breaches of a settlement agreement from a previous lawsuit regarding the marketing of Cookies-branded hemp products.
NB Bancorp (Nasdaq: NBBK) saw its cannabis loans rise 18.3% to $317.3M, accounting for 20% of its $1.55B real estate portfolio, despite a drop in net income.

10/30/24
Tryptamine Therapeutics Limited (ASX: TYP) secures A$6M through a strategic placement to advance clinical trials for its lead psychedelic candidate TRP-8803, following promising Phase 1b results.

10/29/24
LEEF Brands Inc. (CSE: LEEF) (OTC: LEEEF) is consolidating shares 10-for-1 on November 18, 2024, and raising up to $1.85M USD through a private placement of 10M units at $0.25 each.

10/28/24
Decibel Cannabis Company Inc. (TSXV: DB) (OTCQB: DBCCF) acquires AgMedica Bioscience Ltd. for about $4.7M, boosting its export capacity and projecting $22.5M net revenue and $3M EBITDA in 2025.
Body and Mind Inc. (CSE: BAMM) (OTC Pink: BMMJ) secures a credit facility of up to $1.7M to address financial issues while focusing on growth in Illinois and New Jersey.
Ayurcann Holdings Corp. (CSE: AYUR, OTCQB: AYURF) reported record revenue of about USD $33.5M for fiscal 2024, a 100% year-over-year increase.

Inspiration