A New Jersey hemp company is suing a Massachusetts biotech company claiming it operated a “Ponzi scheme” by using more than $700,000 it raised from the firm to fund its own projects, Salem News reports. In its lawsuit against the Salzman Group, Delta Technologies claims the drug development company took their money and used their machinery in other, failed, projects. According to the lawsuit, Salzman Group Chairman and CEO Dr. Andrew Salzman agreed to put together a “large team of scientists” to help Delta and its… Read more.
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Mere months before Robert Fireman died suddenly in December, the co-founder and former CEO of Massachusetts-based MariMed shook up the cannabis company’s management team and created a succession plan. Doing so would prove to be prescient. After MariMed hired Susan Villare as chief financial officer in May 2022, former CFO and co-founder Jon Levine briefly moved to the role of chief administration officer. “Then we decided that I would be better off as president of the company, which put me… Read more.
The cannabis industry is evolving in Massachusetts, with competition eating away profits and prices plummeting per ounce as more dispensaries enter the market. "Everybody's looking at that newest technology to maximize yield," said Marc Shepard, founder of the New England Cannabis Convention. "Maximize profitability, better marketing, better product." Shepard says with hundreds of dispensaries operating in the state, and many more on the way, it's not necessarily a financial bonanza for dispensary owners. "It's just not the cash cow, automatic,… Read more.
One of the challenges facing multistate marijuana operators is creating standardized operating procedures for cultivation facilities in various markets. Such was the case with Massachusetts-based Curaleaf Holdings in November 2020, when the company hired Matthew Indest, a plant breeding and development expert, for a newly created role: technical director of agronomy and plant improvement. At the time Indest joined Curaleaf Holdings, the company was operating in 19 states. “With our expansion and acquisitions, there were a lot of things done… Read more.
Do psychedelics like mushrooms and LSD have anti-aging effects? Dr. Andrew Steele, a physics professor who has ventured into the field of biology, presents a fascinating perspective on longevity in his new book. He emphasizes that it's not cancer or heart disease but aging that is the root cause of the most significant suffering and deaths worldwide. Dr. Steele proposes that by finding pharmacological remedies that target the cells responsible for degrading tissue function, we could unlock the potential for… Read more.
Massachusetts-based Harpoon Brewery has launched its first THC-infused beverage, Rec. Weed, in partnership with Novel Beverage Company. Harpoon Brewery has launched its first THC-based beverage, Rec. Weed, in partnership with Novel Beverage Company. The company describes Rec. Weed as “hop-forward yet approachable.” It contains no alcohol, 5 milligrams of THC, real passionfruit puree, green tea, and hops. Dan Kenary, CEO and co-founder of Harpoon, said it partnered with Novel on the product because of its “vast knowledge” of the cannabis… Read more.