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FDA action on cannabis firm’s drug for COVID-19 patients sends Philly pharma firm’s stock soaring

6/3/20--Shares in Philadelphia-based cannabis company FSD Pharma spiked 324% in premarket trading this morning on news that it had been granted approval by the Food and Drug Administration to submit an application for a clinical trial using a synthetic drug that mimics the action of a molecule found in marijuana to treat COVID-19. Read

Women of weed rise high in Philly

10/30/19--The marijuana business is attracting women of all backgrounds, from millennials to boomers, from private equity hotshots and serial entrepreneurs to planners of underground pot parties. The Philadelphia Inquirer profiled several women who have started businesses or are active in the field of recreational and medical marijuana. Read

Feds threaten to shut down CBD company for making illegal health claims

10/23/19--The federal government threatened to shut down Rooted Apothecary, of Naples, on Tuesday for illegally claiming its CBD products could treat teething pain, ear aches, autism, ADHD, Parkinson’s, and Alzheimer Disease. The Florida-based patent medicine company was reprimanded for making unsubstantiated claims by the U.S. Food and Drug Administration and the Federal Trade Commission. Read

Queen of cannabis: Pa.’s biggest weed dealer is a brash and bold entrepreneur

12/11/18--Chris Visco, a dominant retailer of medical marijuana, is the cofounder and CEO of TerraVida Holistic Centers, a chain of three marijuana dispensaries scattered across the Philadelphia suburbs. Visco has taken an unorthodox route to the top of the Keystone State's marijuana industry. She employs nearly 80 people and hopes to open six more spa-like dispensaries next year. Read

Poll: Majority of Pa. voters support legalized marijuana

9/21/17--Support in Pennsylvania to fully legalize marijuana has reached a record high, according to a poll published by Franklin and Marshall College. A majority of voters in the Keystone State, 59 percent, said “yes” when asked if cannabis should be made legal. When pollsters first began asking the question in 2006, only 22 percent were pro-pot. Read

Pa. releases draft medical marijuana regulations for doctors

4/11/17--The Pennsylvania Department of Health issued draft regulations that would govern how doctors become registered to prescribe medical marijuana and certify patients to receive the drug when it becomes available. It's the most recent step in the effort to provide medical marijuana to patients by next year.

Now available in N.J.: Cherry or grape cannabis lozenges

10/13/16--The first cannabis-infused lozenges approved for sale in New Jersey were offered to registered medical marijuana patients Tuesday at a dispensary in Camden County, one year after it opened. The Compassionate Sciences Alternative Treatment Center in Bellmawr announced it would sell a bottle of 30 grape- or cherry-flavored lozenges for $75 or $60 if patients qualify for financial assistance. Read