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 May 18th – 24th, 2020.
Without further ado, let’s get started.
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10. FULLY UPDATED – These 2 Companies Could Be Turning LSD, Magic Mushrooms, Ketamine and MDMA into the Next Blockbuster Drugs
Investors Who Missed the Last Bull Market in Weed Stocks or Got in Too Late Should Start Researching the “Shroom Boom” Immediately
Early cannabis investors and business minds are positioning themselves in the world of Psychedelic Medicine as the flow of smart money hits the market. Canopy Growth (TSX: WEED) (NYSE: CGC) (FRA: 11L1) founder Bruce Linton and Billionaire “Mr. Wonderful” Kevin O’Leary from Shark Tank, are going all-in on what they think is a much bigger opportunity than the Cannabis Boom.
Backed by popular demand, we have fully updated this article, which we originally published on 03/28/2020 to reflect the many significant developments that have occurred in the Psychedelics space over the past two months. Within a matter of hours, after the original version was released, it quickly went viral becoming our most viewed article off all-time within two days. Because the article is still experiencing very high traffic, we felt it was necessary to fully update it so our readers could have access to the most up to date information possible. In our opinion, the newly updated version is even better than the original so we highly suggest giving it a read if you’re interested in learning about Psychedelic Medicine and the top investment opportunities in the sector.
9. New York Governor Says ‘I Believe We Will’ Legalize Marijuana
Gov. Andrew Cuomo Was Asked During a Coronavirus Briefing Why NY State Hasn’t Legalized Cannabis as a Way to Generate Revenue for Economic Relief Rather Than Depend on Federal Funds
The governor of New York said on Friday that while the legislature hasn’t been able to pass a marijuana legalization bill so far during this legislative session, he feels the issue will end up getting over the finish line sooner or later.
8. Psychedelic Stocks May Be One of the Most Undervalued Opportunities, Here’s How to Play the Thriving New Sector
Surging Investor Demand Continues to Be Concentrated into a Limited Number of Psychedelic Stocks
As the Psychedelics industry continues to blossom, the current circumstances have created a situation for investors that has enormous potential upside. As more companies attempt to enter the burgeoning space, investors would be wise to focus their investment dollars on the proven sector leaders such as Champignon Brands (CSE: SHRM) (OTCQB: SHRMF) (FRA: 496) and MindMed (NEO: MMED) (OTCQB: MMEDF) (FRA: BGHM).
READ FULL PSYCHEDELIC STOCKS ARTICLE
7. House Approves Cannabis Banking for Second Time After Passing $3 Trillion COVID-19 Stimulus Bill
After Passing the House Vote, the COVID-19 Stimulus Bill Heads to the Senate Where the Original Cannabis Banking Legislation Still Remains
The SAFE Banking Act, which was approved last year as a standalone bill, has been passed by the House once again, this time as part of the new sweeping Coronavirus relief package. Can the democrats garner enough Republican support in the Senate to finally make Cannabis Banking reform a reality in the United States?
READ FULL CANNABIS BANKING ARTICLE
6. Scientists Believe Cannabis Could Help Prevent and Treat Coronavirus
They Have High Hopes for a Coronavirus Breakthrough
A team of Canadian scientists believes it has found strong strains of cannabis that could help prevent or treat coronavirus infections, according to interviews and a study.
READ FULL CANNABIS CORONAVIRUS ARTICLE
5. Trulieve Hits Milestone, Opens 50th — And Largest — U.S. Dispensary
According to Trulieve, the Newly Opened Dispensary is Located in Daytona Beach, Bringing the Company’s Total Stores in Florida to 48
Trulieve (CSE: TRUL) (OTCQX: TCNNF) has cut the ribbon on its latest store, marking its 50th retail location. Located at 812 West International Speedway Boulevard, Trulieve’s newest location is one of the company’s largest. It spans about 6,000 square feet, and includes about 1,500 square feet of showroom space and 14 selling points.
4. It’s Time to Revisit Psychedelic Drugs That Are Proving Useful for Health
Psychedelic Drugs May Be Banned Around the World at the Moment, But That May Not Be the Case for Much Longer
With many Psychedelics like LSD and psilocybin showing promise for treating a range of mental and health conditions, including obsessive-compulsive disorder, PTSD, opioid addiction, alcoholism, eating disorders, depression, anxiety, smoking, and perhaps even obesity, the ban could soon be lifted.
READ FULL PSYCHEDELIC MEDICINE ARTICLE
3. Canadian Cannabis Sales Surged in March Amid COVID-19, Data Shows
Retail cannabis sales grew on a month-over-month basis in every province except Prince Edward Island, where cannabis stores closed on March 19
Retail sales of regulated cannabis in Canada soared in March, growing 19% on a monthly basis to a record 181 million Canadian dollars.
READ FULL CANADA CANNABIS SALES ARTICLE
2. Have a Good Trip is a Gateway Drug to De-Stigmatizing Psychedelics
Director Donick Cary on How He Brought Internal Psychedelic Experiences to Vivid Life
It might sound like Have a Good Trip is just a random collection of celebrity psychedelic stories, but Cary is too skilled a professional for that. He sifted through more than 70 interviews, looking for recurring themes and potential through lines to connect the various segments and set up new ideas, whittling it all down to just 10 or 15 interviews. “The good side of having 11 years is that we could try different things, see if they worked, what was entertaining, what kept you interested,” he said.
Have a Good Trip: Adventures in Psychedelics is now streaming on Netflix.
READ FULL HAVE A GOOD TRIP ARTICLE
1. Marijuana Banking Has a ’50-50′ Chance to Pass Senate in Coronavirus Package, Sponsor Says
During a Recent Interview, Rep. Ed Perlmutter (D-CO) Was Asked About His SAFE) Banking Act—Which Would Protect Banks That Service Cannabis Businesses From Federal Penalties
The lead sponsor of a Marijuana Banking reform bill that was inserted into a House-passed Coronavirus relief package last week said on Thursday that he thinks there’s a 50-50 chance the Republican-controlled Senate will go along with the provision’s inclusion.
READ FULL SAFE BANKING ACT ARTICLE
Also Read: 3 Reasons Why Big Pharma Hates the Threat of Psychedelic Medicine and 1 Company That’s Facing Them Head On
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