Friday, November 22

Tag: substance use

Verano Executive Bullish on the Future of the U.S. Cannabis Industry
26Dec By adminNo Comments
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Verano Executive Bullish on the Future of the U.S. Cannabis Industry

The past year was pivotal for the legal cannabis industry’s acceptance as a mainstream business in the U.S. The Department of Health and Human Services in August recommended to the Drug Enforcement Administration that marijuana be reclassified to a less restrictive Schedule III substance from a Schedule I substance. The Senate Banking Committee, meanwhile, in September approved the Secure and Fair Enforcement Regulation Banking Act, which would give cannabis businesses greater access to banking services, and it now awaits a vote on the Senate floor. And in November, Ohio became the latest state to legalize adult recreational marijuana use, bringing the total number of U.S. states that permit recreational cannabis use to 24. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved...
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Matthew Perry’s Death Darkens Ketamine’s Startup Glow
17Dec By adminNo Comments
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Matthew Perry’s Death Darkens Ketamine’s Startup Glow

By Rolfe Winkler and Brianna AbbottDec. 16, 2023 9:00 pm ETMatthew Perry’s death from the effects of ketamine brought new scrutiny to the booming business to prescribe the powerful anesthetic to patients in clinics and online. Perry was receiving ketamine infusions for depression and anxiety before he was found unresponsive in the pool at his Pacific Palisades, Calif., home on Oct. 28. Drowning, coronary artery disease and effects of buprenorphine, a medication used to treat opioid-use disorder, contributed to his accidental death, the autopsy report released on Friday said.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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British American Tobacco to Write Down $31.5 Billion on U.S. Brands
7Dec By adminNo Comments
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British American Tobacco to Write Down $31.5 Billion on U.S. Brands

Updated Dec. 6, 2023 1:54 pm ETBritish American Tobacco is booking a $31.5 billion charge to slash the value of its U.S. cigarette business, one of the biggest corporate write-offs in recent history.The accounting charge, largely stemming from its 2017 takeover of the U.S. maker of Newports and Camels, falls short of the value erased by the failed merger of AOL and Time Warner.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Supreme Court Weighs Purdue Pharma’s $6 Billion Opioid Settlement
4Dec By adminNo Comments
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Supreme Court Weighs Purdue Pharma’s $6 Billion Opioid Settlement

WASHINGTON—Supreme Court justices wrestled Monday with the uncomfortable bargain struck between most victims of the opioid crisis and the Sackler family, whose Purdue Pharma promoted the addictive painkiller OxyContin: providing timely compensation for survivors in exchange for granting the wealthy family immunity from future civil lawsuits. That settlement was reached before a bankruptcy judge and approved in May by a federal appeals court in New York. It would see the Sacklers pay $6 billion to individual victims and state governments in exchange for eliminating potential liability for additional claims, such as fraud—even though they, unlike Purdue, haven’t sought bankruptcy protection. The deal was made under a catchall provision of federal law authorizing bankruptcy judges to issue o...
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The Opioid Victims Who Won’t Sign Off on Purdue’s $6 Billion Settlement
3Dec By adminNo Comments
World

The Opioid Victims Who Won’t Sign Off on Purdue’s $6 Billion Settlement

Listen to article(2 minutes)Ellen Isaacs lost her son to an opioid overdose. But she wants none of the settlement money offered by the family that sold billions of the same OxyContin pills that got her boy hooked.Isaacs would rather see the family suffer years in court. “There’s not enough money that’s going to bring any of our kids back,” said Isaacs, 58 years old.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Once the Cutting Edge of Cool, Portland Is Now Taking Lessons From Milwaukee  
24Nov By adminNo Comments
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Once the Cutting Edge of Cool, Portland Is Now Taking Lessons From Milwaukee  

PORTLAND, Ore.—Fed up with vandalism and rampant drug use in Portland’s struggling downtown, Steven Lien set out this summer to find a new location for the self-described largest men’s underwear store in North America.The 67-year-old Oregon native even put down a deposit on an appealing vacant storefront across the river for his business, underU4men. But unlike major retailers such as Target or REI that are fleeing downtown, Lien ultimately decided to stay, striking a last-minute deal to renew his lease in September. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Abortion Rights Measure Takes Lead Shortly After Ohio Polls Close
8Nov By adminNo Comments
World

Abortion Rights Measure Takes Lead Shortly After Ohio Polls Close

Updated Nov. 7, 2023 8:10 pm ETShortly after polls closed in Ohio, supporters of a measure to enshrine abortion rights in the Midwestern state’s constitution had an early lead, in the highest-profile ballot question on a range of issues in Tuesday’s elections around the U.S.The Ohio vote is the latest test of where voters stand on one of the most consequential issues heading into next year’s presidential election. Since the U.S. Supreme Court overturned Roe v. Wade more than a year ago, voters have defeated ballot measures that would have restricted abortion rights in other red states such as Kansas and Kentucky. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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