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CANNABIS INDUSTRY
BREAKING NEWS
Shake-Out Street for International Psychedelic Medicine Companies As Investor Funds Dry Up
Bloomberg News reports that the initial investment highs of psychedelics are beginning to wear off and that the sector has lost over 50% of its value in the last year. This means there’s a consolidation crunch coming up ahead which could see marginal companies go to the wall or be absorbed by their competitors.
Tiffany Kary, Bloomberg News
4 August 2023 at 12:30:00
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