London-Based Psychedelic Startup Incubator Raises $3.3M in Seed Funding
Tue / Sep 19th
London-based Beckley Waves — a psychedelics startup incubator focused on therapies, education, and software — has raised $3.3 million in seed funding.
Cannabis is illegal in the United Kingdom aside from very strict but developing medical use. More than half of the drug arrests in the United Kingdom are cannabis-related. Read cannabis news from the United Kingdom:
Tue / Sep 19th
London-based Beckley Waves — a psychedelics startup incubator focused on therapies, education, and software — has raised $3.3 million in seed funding.
Fri / Jun 30th
Jersey Hemp, the only farm in the British Isles that is licensed to grow hemp to manufacture CBD products, has shut down operations after the UK government said it found THC in the company’s CBD exports and declared their products illegal.
Mon / Jan 9th
The Scottish National Investment Bank is investing £2 million (about $2.4 million) into Scotland-based IndiNature Mill, a firm which specializes in hemp-based insulation products.
Tue / Oct 11th
A spokesperson from the United Kingdom Prime Minister’s office clarified the administration does not intend to reclassify cannabis from a Class B to Class A drug in the country.
Mon / Oct 3rd
Conservative police commissioners in the United Kingdom want to reclassify cannabis from a Class B to a Class A drug, which would put the plant in the same category as heroin and cocaine.
Mon / Sep 12th
The United Kingdom has blocked a cannabis legalization package in Bermuda from becoming law, possibly throwing the Caribbean island territory into a constitutional crisis.
Mon / May 16th
Mayor Sadiq Khan of London, England has convened a commission to investigate decriminalizing cannabis throughout the U.K. despite opposition from some national officials.
Thu / Dec 23rd
UK-based Glass Pharms has announced plans to build the world’s first carbon-negative medical cannabis cultivation facility using artificial intelligence-influenced growing methods.
Mon / Nov 29th
Medical cannabis legalization in the U.K. could be worth 1.2 billion pounds and create about 40,000 industry jobs.
Fri / Oct 29th
The U.S.-based CBD and cannabis investment firm Thought Leaders has acquired mellow, the United Kingdom’s top CBD wellness marketplace, for $13.25 million.
Tue / Aug 3rd
The United Kingdom National Health Service and Brain Tumour Charity are partnering on research to determine whether cannabis-based medicine Sativex paired with chemotherapy medication temozolomide can treat glioblastoma.
Fri / May 21st
The cannabis-focused venture capital firm Oxford Cannabinoid Technologies — which is backed by Casa Verde, the venture capital firm partially owned by Snoop Dogg — started trading today on the London Stock Exchange.
Mon / May 3rd
UK-based GW Pharmaceuticals — the manufacturer of Epidiolex, the first FDA-approved cannabis medication — was awarded the Queen’s Award for Enterprise 2021 in the Innovation category.
Wed / Feb 3rd
GW Pharmaceuticals, creator of the first FDA-approved medication made from cannabis, is set to be purchased by Jazz Pharmaceuticals in a $7.2 billion cash-and-stock deal.
Thu / Jan 14th
20 years after issuing its first medical cannabis cultivation permit, the United Kingdom has awarded a second such license to Jersey-based Northern Leaf.
Mon / Jan 11th
North Wales Police and Crime Commissioner Afron Jones has called for giving drug-dependent inmates cannabis to determine whether it might reduce overdose deaths and violence.
Mon / Dec 21st
Starting next year — after the final transition period of Brexit — medical cannabis patients in the UK will no longer be able to source their medicine from The Netherlands or other EU countries.
Mon / Dec 14th
The UK has approved trials to assess the safety — and eventually efficacy — of DMT as a potential treatment for depression.
Mon / Nov 9th
Green Active, a UK-based CBD company, announced a donation program to help the family of an eight-year-old cannabis patient pay for his medicine as the NHS refuses to write a prescription providing it to the family for free.
Tue / Nov 3rd
The UK’s National Health Service has only issued three prescriptions for medical cannabis oil since it was legalized two years ago, according to medical cannabis advocacy group End Our Pain.
Tue / Oct 20th
Billy Caldwell, who became the figurehead of medical cannabis policy changes in the UK, will receive his first bottle of cannabis-derived medicine two years after the necessary reforms took place.
Mon / Sep 21st
Medical cannabis companies licensed in the United Kingdom are now eligible for listing on the London Stock Exchange.
Fri / Aug 28th
The United States spent $1.49 billion on cannabis research between 2000 and 2018. Most of the funds were directed at understanding the potential harms of cannabis use.
Mon / Aug 17th
United Kingdom Anti-Doping has announced it will shorten bans for athletes who fail drug tests for non-performance enhancing drugs, including cannabis.
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