Multiple marijuana companies donated a total of nearly $15 million to a Florida campaign behind a legalization initiative that will appear on the state’s ballot this November, including several multi-state operators, the latest state filings show. The Florida Division of Elections (DOE) released the campaign finance activity report from... Read more
An amendment to a Nebraska tax bill on Wednesday reduced a proposed tax on hemp and CBD that was initially set at 100 percent. The new rate, 25 percent, is significantly lower but still far greater than sales tax rates that most states impose on the federally legal products.... Read more
President Joe Biden, Vice President Kamala Harris and a top Justice Department official all marked “Second Chance Month” on Friday by separately touting the administration’s mass marijuana pardons—the latest acknowledgement from the White House that cannabis reform is a focus heading into the November election. Amid heightened expectations about... Read more
3 Marijuana Stocks To Add To Your Watchlist This Week
Following the passage of a marijuana legalization bill on Thursday by New Hampshire’s House of Representatives, Gov. Chris Sununu (R) is signaling that he’s against the legislation in its current form but could still ultimately get on board if changes are made in the Senate. The comments from the... Read more
The Justice Department is investigating marijuana-related businesses that allegedly took coronavirus relief loans in violation of federal rules, with third-party actors leveraging a whistleblower policy that allows them to take a portion of settlement money if they report on the cannabis companies. Multiple sources in the cannabis legal space... Read more
These Marijuana Stocks Could Begin To Rise Again?
You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. We post this and all... Read more
A new decision of an appeal in a trademark dispute, initiated by the RAW Rolling Papers manufacturer, has widespread implications for the rolling paper industry that dismiss the claim that rolling papers are “drug paraphernalia.” It’s also good news for non-cannabis-touching companies that want to protect trademarks. BBK, manufacturer... Read more
The ritzy, upscale Los Angeles neighborhood Bel Air will welcome a new arrival: a cannabis store, run by rapper Xzibit, who proudly represents the West Coast. It’s the rapper’s latest foray into the cannabis sector after launching a cannabis-themed podcast and a cannabis brand Napalm. Xzibit’s West Coast Cannabis... Read more
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