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Hip-Hop Mogul Jay-Z Invests in Cannabis Retail Platform Flowhub

Cannabis point-of-sale platform Flowhub announced on Tuesday the closing of a $19 million round of strategic funding, including significant participation from venture capital firms Headline and Poseiden as well as a personal investment from entrepreneur and hip-hop billionaire Shawn “Jay-Z” Carter.  The new round of funding for Flowhub brings the total amount of capital raised… Keep Reading

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Psychedelic Toad Venom Clinical Research Boosted by $80M in Funding

Oxford-based startup Beckley Psytech in the United Kingdom announced August 15 that it raised $80 million to ramp up clinical trials and research using a pharmaceutical formulation of ​​5-MeO-DMT (5-methoxy-N,N-dimethyltryptamine), a powerful compound produced endogenously by Sonoran Desert toad venom, to treat depression.  The Series B financing was initially set at $50 million—but was upgraded… Keep Reading

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LGBTQ Entrepreneurs Find Acceptance in the Cannabis Industry

When HollyWeed Manufacturing & Extracts Inc. announced a deal to provide extraction services to international cannabis powerhouse Canopy Growth last month, it wasn’t just a victory for British Columbia parent company Hollyweed North Cannabis—it was also an indication of the impact that LGBTQ entrepreneurs are having on the industry. HollyWeed is run by founder and… Keep Reading

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