The DEA has rescinded a 2023 directive which previously ordered a pharmaceutical company to shutter operations after they were found to have helped perpetuate the nationwide opioid crisis. Morris & Dickson, a multi-billion dollar Big Pharma giant which has been in business since 1841 will be permitted to continue... Read more
An Iowa legislative panel this week approved a bill that sets limits on consumable hemp products sold in the state. The measure, House Study Bill 665, was approved on Wednesday by the House Public Safety Subcommittee by a vote of 2-0. The bill, which was submitted to the state... Read more
Tuesday, Sen. Bernie Sanders (I-Vermont) issued a report slamming the U.S. prices of drugs and executive pay of three major drug manufacturers—Johnson & Johnson (J&J), Merck, and Bristol Myers Squibb—just before a Feb. 8 hearing. Thursday the CEO’s of all three drug manufacturers had to appear before a hearing... Read more
Canopy Growth Reports Third Quarter Fiscal Year 2024 Financial Results; Achieves Third Quarter of Sequential Revenue Growth across Canada Cannabis Businesses and a Record Quarter for Medical Sales Canada adult-use cannabis business-to-business net revenue up 9% year-over-year; Canada medical cannabis net revenue up 11% year-over-year Focused execution drove sustained... 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. Friends, Canopy Growth reported its... Read more
Two competing bills to legalize commercial marijuana sales in Virginia are now headed to votes on the floors of the House of Delegates and Senate, setting up a possible clash between lawmakers and advocates who disagree on the best way to open a retail market in the commonwealth. On... Read more
An Ohio lawmaker is warning colleagues that passing legislation to undermine voters’ decision to legalize marijuana in the state will jeopardize their reelection prospects—specifically cautioning against proposals to redirect tax revenue to law enforcement. Rep. Juanita Brent (D)—who has previously emphasized the need to involve people who’ve been disproportionately... Read more
A Virginia Senate committee voted unanimously in favor of advancing a bill on Wednesday that would prevent the state from using marijuana alone as evidence of child abuse or neglect. The change is meant to protect parents and guardians from discrimination around cannabis use and possession, which the commonwealth... Read more
