Over the past several months, financial institutions including banks and e-commerce platforms, have been requiring their cannabis clients to provide additional proof from an attorney that testifies the legitimacy of a cannabis company when applying for bank accounts and credit lines.
Two companies in the psychedelics space have chosen new chief executive officers: COMPASS Pathways (NASDAQ: CMPS) has chosen Kabir Nath, and Small Pharma will be now led by George Tziras.
e2e Pharma, a private label end-to-end manufacturer for CBD and non-CBD branded topicals and ingestibles that are sold direct to consumers online and through nationwide retail chains, is expanding the company’s fully operational, 30,000-square-foot manufacturing facility with four clean rooms
Hero Technologies (OTCQB: HENC) a cannabis company focused on a "seed-to-sale" vertical integration strategy, has migrated its banking operations from traditional financial institutions to banks that specialize in marijuana-related businesses (MRB).
JuicyFields, a pyramid scheme for cannabis investment that guaranteed its clients returns of up to 66% in just three months, froze cash withdrawals, removed their profiles from social media networks and those responsible disappeared without a trace,