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CANNABIS INDUSTRY 

BREAKING  NEWS

Shake-Out Street for International Psychedelic Medicine Companies As Investor Funds Dry Up

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

SAHPRA Confirms Nationwide ‘Grey Zone’ Clampdown Underway; Says Cannabis Retailers Should Face 'Full Might of the Law’

Tackling the Biomass Build Up: Nexus Launches Major Project to Process and Export SA Cannabis

‘Understaffed’ SAHPRA ‘Over-Reliant’ on ‘High Risk’ Fee Income from Big Pharma

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