The governor of Florida is reportedly planning to veto a bill that would ban consumable hemp-derived cannabinoid products such as delta-8 THC, apparently because he’s hoping the hemp industry will help finance a campaign opposing a marijuana legalization initiative on the state’s November ballot. As Gov. Ron DeSantis (R)... Read more
Vermont Gov. Phil Scott (R) this week signed a bill into law to create a psychedelic-assisted therapy working group that will make recommendations on whether and how the state should regulate legal access to substances such as psilocybin and MDMA. The governor vetoed separate legislation, however, that would have... 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
As we described in a previous article, the Global Cannabis Stock Index sank in May, falling 14.6%. It is now up 44.4% in 2024. In this article, we summarize the performance of the other managed indices that New Cannabis Ventures offers to its readers. We discuss the performance of the American Cannabis Operator... Read more
The White House drug czar is continuing to tout the Biden administration’s move to reschedule marijuana, criticizing the “failed policies” of prohibition that have “destroyed lives,” while touting the research potential of the reform to develop cannabis-based medications. Rahul Gupta, director of the Office of National Drug Control Policy... Read more
Of the roughly 500 firearm permit applications denied by officials in Hawaii last year, more than 40 percent were rejected because of applicants’ status as medical marijuana patients, according to new data from the state attorney general’s office. Across Hawaii, state-legal cannabis use was the leading cause of gun... 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 post this and all... Read more
House lawmakers in New Hampshire have rejected Senate changes to a marijuana legalization bill, setting the stage for a conference committee to hammer out differences between versions of the legislation passed by either chamber. Many stakeholders think the development could spell the end for the proposal, however, because even... Read more
President Joe Biden, who has previously falsely stated on several occasions that his marijuana pardons also expunged people’s records, has now acknowledged the limitations of his action—stating that for clemency recipients, “their records should be expunged as well, I might add.” At a campaign event in Philadelphia on Wednesday,... Read more