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Market For Psychedelic Drugs Expected to Reach $6.9 Billion By 2027

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PALM BEACH, Fla., April 14, 2021 /PRNewswire/ The psychedelics industry may appear to have suddenly emerged as one of the hottest corners of the stock market, but researchers have been working for decades to show the efficacy of these treatments and regulators are just starting to appreciate the possibilities. Investors could see strong growth in the industry as companies commercialize breakthrough therapeutics while patients could finally have access to life-changing treatments for a range of mental health conditions that have no effective treatment options today. A recent article by CFN Media Group focused on the newly born psychedelics industry in terms of both its revenue potential and the valuations that investors are assigning to companies in the space. Another article said: The market for psychedelic drugs is projected to grow from just over $2 billion last year to about $6.9 billion by 2027, according to Data Bridge Mark ....

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Full Spectrum Cannabis Products Industry Expected To Remain Robust Through 2027

Full Spectrum Cannabis Products Industry Expected To Remain Robust Through 2027
Financialnewsmedia.com News Commentary
PALM BEACH, Fla., April 8, 2021 /PRNewswire/ Cannabis extracts have gained wide recognition in recent years and are expected to provide impetus to cannabis market growth. Based on product type, cannabis extracts are classified into oils and tinctures. Growing legalization of cannabis in various countries, preference for cannabis oil and tinctures, and adoption of medical marijuana for treating chronic diseases like arthritis, anxiety, and Alzheimer s are the major factors propelling the growth. According to a report from Grand View, the oils segment is expected to dominate the market and is anticipated to witness the fastest CAGR of 17.5%, through 2027. The report added that the global cannabis extract market size is expected to be valued at US $28.5 billion by 2027, and it is projected to expand at a CAGR of 16.6% through 2027 also. Other key findings ....

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Pure Extracts to Enter US Market through JV in Michigan

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Pure Extracts to Enter US Market through JV in Michigan
Pure Extracts Technologies Corp.April 8, 2021 GMT
VANCOUVER, British Columbia, April 08, 2021 (GLOBE NEWSWIRE) Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) (“Pure Extracts” or the “Company”) is pleased to announce the signing of a Letter of Intent (“LOI”) with the affiliate of a publicly traded multi-state operator (MSO) to form a Joint Venture (the “JV”) to install a cannabis and hemp extraction system in an existing Michigan facility.
This MSO has a long history of success in Oregon offering a family of products including sun-grown and indoor premium flower, along with patented nitro sealed indoor and sun-grown pre-rolls and jars. These products are also grown and packaged in Michigan for retail sale in over 100+ dispensaries throughout the state. ....

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Wednesday's analyst upgrades and downgrades - The Globe and Mail

Wednesday's analyst upgrades and downgrades - The Globe and Mail
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Talks of Legalization in the US Present Growth Opportunities for Cannabis Companies

Talks of Legalization in the US Present Growth Opportunities for Cannabis Companies
USA - English
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NEW YORK, March 11, 2021 /PRNewswire/ The cannabis edibles market is looking up as top US lawmakers
show their support for the legalization and decriminalization of cannabis at the federal level. More states are also legalizing recreational cannabis, with states like Virginia getting closer to this step following the recent passing of a bill by the House of Delegates and the Senate. As these potential regulatory changes continue to occur, companies in the cannabis industry are taking steps to move into the US market with edibles that match the current regulatory framework. Among these companies are ....

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