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News Updates 6/7 – Is Prince Harry an “Irresponsible Drug Taker”?

Prince Harry
Written by PsychePen

Start your day with our News Update, where we bring you a comprehensive roundup of the latest headlines from the past 24 hours.

Start your day with our News Update, where we bring you a comprehensive roundup of the latest headlines from the past 24 hours. In this edition, we cover a wide range of topics including Prince Harry accused the media describing him as a “Irresponsible Drug Taker”, Compass Pathways, Louisiana, Canada, Mary Jones, Prince Harry and more.

Join us as we dive into the latest developments and insights shaping the cannabis and psychedelics industry.

RESEARCH:

Compass Pathways Gets Good News on Psilocybin Patent Journey

Patent Trial and Appeal Board reaffirmed decisions to uphold its ‘257 Patent and ‘259 Patent, key patents covering COMP360 crystalline psilocybin polymorph A, the polymorph being used in the company’s phase 3 clinical trials. [Source: Green Market Report]

It’s looking good for COMPASS Pathways

MORE RESEARCH NEWS

POLICY:

Survey: 70% of Louisianans Support Low-Level Cannabis Decriminalization

Seventy percent of Louisianans back allowing adults to possess small amounts of cannabis for personal use, according to the 2023 Louisiana State University (LSU) Louisiana Survey. [Source: Ganjapreneur.com]

Critics question whether Biden-signed marijuana research law has ‘any value’

Six months after President Joe Biden signed marijuana research into law, a growing chorus of critics note that the federal government has registered zero new cannabis research projects. This raises concerns among advocates and experts who were hoping for scientific advancements in the field. [Source: MJBizDaily]

Canada to print health warnings on individual cigarettes in anti-smoking drive

King-size cigarettes will be the first to feature individual health warnings and will be sold by retailers by July 2024, followed by regular-size cigarettes and little cigars with tipping paper and tubes by the end of April 2025. Labeling the tipping paper of individual cigarettes, little cigars, tubes, and other tobacco products will make it virtually impossible to avoid health warnings, stresses the government. [Source: Packaging Insights]

Have you tried vaping Amanita mushrooms

New Coalition Launches Campaign in Support of Cannabis Scheduling Reform

As the Biden Administration actively reviews the classification of cannabis under the Controlled Substances Act, a diverse group of cannabis companies and organizations is partnering with scientific and legal experts to launch the Coalition for Cannabis Scheduling Reform. [Source: Cannabis Business Times]

Merck sues federal government, accuses Medicare drug price negotiation plan of ‘extortion’

Merck is suing the federal government over a plan to negotiate Medicare drug prices, calling the program a sham equivalent to extortion. Merck said in the complaint that the plan laid out in the IRA suggests that federal officials will sit down with drugmakers and negotiate voluntary price agreements. [Source: Section Page News – Modern Healthcare]

MORE POLICY NEWS

PRODUCTS:

Lord Jones’ beauty closure is another nail in the coffin for CBD beauty

In another death knell to CBD beauty, Lord Jones is winding down its U.S. operations. The CBD company announced via Instagram on Monday that it is shuttering its U.S. [Source: Glossy]

Last year Pepsi joined the club with infused Energy Drinls

Mary Jones introduces MF Grape and ‘Classic’ Cola flavors to lineup

Seattle-based Jones Soda Co., the original craft soda known for its unconventional flavors and user-submitted photo labels, announced two new flavors of its Mary Jones cannabis-infused beverage brand. [Source: Beverage News]

MORE PRODUCTS NEWS

CULTURE:

Prince Harry Accuses Tabloids Of “Inciting Hatred” And Says He Played Up To Media Descriptions Of Being A “Thicko” & “Irresponsible Drug Taker”

Prince Harry (the Duke of Sussex) accuses British tabloids of “inciting hatred and harassment” in his private life, admitting that he sometimes played up to media descriptions of being a “thicko” during his UK phone hacking trial. [Source: Deadline]

MORE CULTURE NEWS

Do you know what are the main differences between the two?

EDUCATION:

New York Community College Offering Cannabis Certificate Courses

Plattsburgh, New York’s Clinton County Community College (CCC) is now offering three certificate courses focused on the cannabis industry as part of a partnership with cannabis education company Green Flower. [Source: Ganjapreneur.com]

MORE EDUCATION NEWS

BUSINESS:

Cannabis Sales Slip

Cannabis sales (cannabis sales data from 11 states) decreased 2.5% sequentially in April after increasing 11.7% in March from the short February, according to cannabis data analytics firm BDSA. [Source: New Cannabis Ventures]

California Cannabis Chaos: State Bailout Might Be Needed

The legal California cannabis industry is in such dire financial straits that it may need a state-funded bailout if it’s to continue operations after this year, according to one longtime industry insider. [Source: Green Market Report]

It’s not looking good for California

Canada’s unsold cannabis inventory balloons to 1.5 billion grams

The unsold cannabis inventory in Canada has reached a staggering 1.5 billion grams, raising concerns about oversupply and market stability. [Source: MJBizDaily]

New Cannabis Coalition Aims to Influence Federal Rescheduling Process

A broad group of marijuana companies, cannabis trade organizations, nonprofits, law firms, doctors, ancillary companies, and activists has joined forces in the hopes of influencing a review by the Biden administration which could result in federal marijuana legalization. [Source: Green Market Report]

Maryland offers funds to help medical marijuana operators move into adult use

Maryland is offering grants and loans to help existing medical marijuana companies move into the state’s impending adult-use cannabis market. [Source: MJBizDaily]


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Marijuana trade organization NCIA cuts staff

Widespread layoffs in the marijuana industry are affecting trade organizations such as the National Cannabis Industry Association (NCIA), which cut close to half its employees last week. [Source: MJBizDaily]

Cannabis retailer Fire & Flower granted creditor protection after ‘significant net losses’

Fire & Flower Holdings and its cannabis subsidiaries have received an initial order for creditor protection from a Canadian court after raking up significant net losses of more than 200 million Canadian dollars ($150 million) since 2018. [Source: MJBizDaily]

Nominate Your Notable Leader in Cannabis

Green Market Report launches the Notable Leaders in Cannabis program to recognize key individuals within the industry. With the lack of meaningful action toward federal cannabis legalization in the U.S., the program aims to highlight influential leaders who are shaping the cannabis landscape and driving positive change in the field. [Source: Green Market Report]

MORE BUSINESS NEWS

VOICES:

Listen: Why forced treatment can’t fix substance use disorder

In a recent episode of the “First Opinion Podcast,” addiction medicine physician Sarah Wakeman discusses the inefficacy of involuntary treatment for substance use disorders. Wakeman emphasizes the need for a more compassionate approach and explores evidence suggesting that forced treatment simply does not work. [Source: STAT]

MORE INTERESTING VOICES

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Disclaimer: Our Daily Updates are created using AI tools. PsychePen is an AI author who is constantly improving. We appreciate your kindness and understanding as PsychePen continues to learn and develop.

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About the author

PsychePen

PsychePen is Cannadelics' main news editor. As a self-taught wellness expert with a unique perspective on drugs, cannabis, and psychedelics, PsychePen is known for his unique style: short and informative articles, easy-to-read and to-the-point. PsychePen is also one of our most successful AI authors. so its keep on improving.