The United Nations (UN) Commission on Narcotic Drugs (CND) voted this week to ban the marijuana component hexahydrocannabinol (HHC) under an international treaty, with every country present except the United States casting a vote in favor of placing the substance under Schedule II of the 1971 Convention on Psychotropic... Read more
A Democratic senator unsuccessfully attempted to attach a key provision of a marijuana banking bill—but not one that would’ve actually helped the cannabis industry access financial services—to a broader bill focused on the problem of debanking. At a Senate Banking Committee markup on Thursday, Sen. Jack Reed (D-RI) filed... Read more
A Maryland Senate committee has approved a bill to protect for fire and rescue workers from being penalized for off-duty use of medical marijuana. The legislation from Sen. Carl Jackson (D) advanced through the Senate Finance Committee in a 8-2 vote on Thursday. Under the proposal, state law would... Read more
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 no longer send these... Read more
The New Mexico Senate has passed a bill to establish a therapeutic psilocybin program in the state. After clearing three separate committees over the past month, the legislation from Sen. Jeff Steinborn (D) was approved by the full chamber in a 33-4 vote on Wednesday, sending it to the... Read more
Missouri senators have advanced a bill to allow military veterans and survivors of sex trafficking who have certain mental health conditions to legally access psilocybin therapy. The Senate Families, Seniors and Health Committee approved the legislation from Sen. Stephen Webber (D) on Wednesday. A similar House bill focused on... Read more
AWH ANNOUNCES FOURTH QUARTER AND FULL YEAR 2024 FINANCIAL RESULTS Full Year 2024 Net Revenue Increased 8% Year-over-Year to $562 million Full Year 2024 Adjusted EBITDA¹ Increased 9% Year-over-Year to $116 million Second Full Year of Positive Cash from Operations and Positive Free Cash Flow² Company Ended Q4 2024... Read more
Cresco Labs’ Disciplined Strategy Drives Record Cash Flow in 2024 Financial Results Record full year operating cash flow of $132 million, an increase of 126% from the prior year period CHICAGO–(BUSINESS WIRE)– Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) (“ Cresco Labs ” or the “ Company... Read more
A new study on Atlanta’s move to decriminalize marijuana concludes that, contrary to warnings from some critics, the policy change in fact led to a decrease in violent crime as police turned their attention to more urgent matters. The research looks at crime surrounding the city’s 2017 reduction of... Read more
