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 congressional committee has approved a GOP-led psychedelics bill focused on military veterans’ access. About two weeks after the House Veterans’ Affairs Health Subcommittee advanced the legislation, members of the full committee on Wednesday advanced it to potential floor action in a voice vote as part of an en... Read more
The White House says that President Joe Biden’s marijuana review directive that’s now resulted in a Justice Department rescheduling decision is part of fulfilling the pledge he made to voters in the 2020 election. At a press briefing on Wednesday, White House Press Secretary Karine Jean-Pierre was asked about... Read more
Senate Majority Leader Chuck Schumer (D-NY) has signaled he’s not giving up hope on attaching a marijuana banking bill to must-pass aviation legislation. But Republican leaders in both chambers represent roadblocks for the reform. Shortly after unveiling his reintroduced legislation to federally legalize cannabis on Wednesday, Schumer was asked... Read more
Cannabis stocks, as measured by the Global Cannabis Stock Index, exploded higher in late August on news that the Department of Health and Human Services had recommended to the DEA that it move cannabis from Schedule 1 to Schedule 3, and the move continued into September. October wiped out the... Read more
Scotts Miracle-Gro Reports Second Quarter Results Strong first half 2024 execution has Company on pace for full-year targets U.S. Consumer second quarter net sales of $1.38B equal record high Q2 2024 GAAP gross margin of 30.4% and non-GAAP adjusted gross margin of 35.3% reflect 350 and 60 basis point... Read more
Florida Gov. Ron DeSantis (R) is again lashing out at marijuana legalization as voters prepare to decide on a ballot initiative in November, warning that the reform would negatively impact quality of life in the state. The governor, who has mocked legalization repeatedly in a series of recent comments,... Read more
The Drug Enforcement Administration’s (DEA) decision to reschedule marijuana is being met with relief, elation, commendations—and criticism from advocates who have been quick to point out that the modest reform does not mean cannabis will be federally legalized or that President Joe Biden’s campaign pledge to at least decriminalize... Read more
