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 House committee in Alaska held a hearing Thursday on a bill to create a state task force that would study how to license and regulate psychedelic-assisted therapy—a plan supporters say will help prepare the state for the forthcoming federal approval of substances such as MDMA and psilocybin. At... Read more
Hawaii lawmakers are pressing ahead with an updated cannabis legalization plan, and while the Aloha State could very well be one of the next to embrace adult-use reform, the original plan is already seeing some substantial shifts. Namely, it appears that the Senate is looking to significantly scale back... Read more
Calling it a “nation-leading effort,” Massachusetts Gov. Maura T. Healey on Wednesday announced her intention to take executive action to pardon misdemeanor marijuana possession convictions in the commonwealth. If it is approved by the “Governor’s Council,” Healey’s office said it “would be the most comprehensive action by a governor... Read more
Minnesota’s Office of Cannabis Management (OCM) announced Tuesday that it will begin to crack down on the illegal sales of cannabis flower across Minnesota as the state’s adult-use market takes form. The Star-Tribune reports that the OCM entered into an agreement with the Minnesota Department of Health (MDH) to... Read more
Arizona Attorney General Kris Mayes recently issued a formal legal opinion on March 11, which addressed a question sent by Sen. Steve Montenegro and Sen. T.J. Shope, which inquired if selling delta-8 THC products (which also covers delta-10 products and any other “hemp-synthesized intoxicants”) at smoke shops or convenience stores... Read more
More than one in 10 high school seniors reported recent use of products with delta 8 THC, according to the results of a study published this week. The study found that approximately 11% of 12th-grade students said that they had used delta 8 during the past year, reflecting the... Read more
TerrAscend Reports Fourth Quarter and Full Year 2023 Financial Results Full year 2023 record Net Revenue of $317.3 million, an increase of 28.0% year-over-year Full year 2023 Gross Profit margin of 50.3%, a 930 basis-point improvement year-over-year Full year 2023 Adjusted EBITDA from continuing operations¹ of $68.8 million, an... Read more
