June 24- July 1st, 2025 – Cannabis & Tech Today

Main Hemp Patriot
5 Min Read

Welcome to the latest edition of “Last week in Weed,” catching you up on the latest breaking news and industry developments in the world of cannabis.

Here’s what you may have missed over the last week:

Psychedelics for Depression: Promising Data from Atai Merger

Atai Life Sciences and its soon-to-be merger partner Beckley Psytech released promising Phase 2b results for BPL-003, an intranasal 5-MeO-DMT therapy for treatment-resistant depression. A single dose delivered rapid symptom relief within 24 hours, with benefits lasting up to eight weeks. Even more notable: most patients were cleared to leave the clinic just 90 minutes post-dose, making it potentially far more scalable than other psychedelic therapies.

The positive trial triggered the companies’ merger agreement, creating “Atai Beckley”—a global leader in psychedelic biotech. Analysts are already eyeing blockbuster potential, with peak annual sales estimated around $1 billion.

Doctors Group Pushes Drug Decriminalization Movement

Doctors for Drug Policy Reform, a physician-led nonprofit, launched a nationwide campaign encouraging more healthcare providers to support decriminalization. The group argues that punitive drug laws harm public health and calls for a shift toward evidence-based, compassionate policies. With doctors and data stacking up against lawmakers, the odds are tipping steadily toward the will of the people. These aren’t stoned idealists or back-alley prophets—they’re the ones who’ve been stitching up the damage for decades. Now they’re taking the wheel and saying, enough is enough.

Cannabis Seeds Crash Back to Earth in SpaceX Setback

In one of the more bizarre-yet-bold experiments in cannabis science, seeds launched into orbit aboard a SpaceX mission met an untimely end—crashing into the ocean instead of returning for analysis. The mission, designed to test how cannabis seeds react to microgravity and cosmic radiation, was part of a larger effort to explore cultivation in extraterrestrial environments. While the Martian weed dreams are delayed, the ambition underscores how far cannabis R&D has come since prohibition-era paranoia.

Dutchie Rolls Out Summer ’25 Tech Suite to Boost Dispensary Survival

With only 27.3% of cannabis businesses reportedly profitable, Dutchie’s latest product launch is aimed at modernizing the retail experience. The Summer ’25 release includes personalized shopping features, mobile payments, and loyalty tools to drive higher basket sizes and repeat visits. Think of it like a “Starbucks app for weed.” Tech might be dispensaries’ best hope in a brutally competitive market. While Dutchie’s tools won’t fix ridiculously high taxes or overregulation, they could certainly help the strong survive.

Odyssey Health has announced the launch of Colorado’s first-ever legal psilocybin retreat, operating under the state’s regulated natural medicine framework. The experience is designed for therapeutic use, complete with clinical oversight, preparation and integration support, and guided sessions. This milestone follows Colorado’s 2022 vote to decriminalize and regulate certain psychedelics, including psilocybin mushrooms. What once felt like a pipe dream is now a booked retreat with licensed professionals. Colorado is officially on the map as a legal hub for psychedelic healing—and other states may soon follow.

Cannabis Stocks Close Q2 with Mixed Momentum

Last week’s cannabis stock market was marked by sharp contrasts. Small-cap companies like Rocky Mountain High Brands and 1933 Industries surged over 15%, reflecting strong investor appetite for niche product plays and emerging operators. Ancillary businesses such as Urban-Gro also showed gains, signaling confidence in supporting sectors beyond cultivation.

Meanwhile, larger firms like Greenlane Holdings experienced steep declines, dropping nearly 38%, highlighting ongoing margin pressures and fierce competition. This volatility underscores the current market dynamic where micro-caps capture speculative interest, but many established multistate operators face tough financial headwinds.

  • Paul McKay is a writer and editor with a background spanning from sports journalism and social media growth to stand-up comedy. Paul has experience ranging from children’s book publishing to web writing for popular satirical websites. Growing up in the Atlanta area, Paul draws inspiration from Hunter S. Thompson, blending sharp humor with precision in his work.

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