Senate Majority Leader Chuck Schumer said Sunday that he and his colleagues are “very close” to passing legislation that would authorize financial institutions to provide services to cannabis businesses. Speaking during a debate in his New York senate race, Schumer signaled that the SAFE Banking Act may finally be... Read more
Research into a Nazca ritual site in Peru has determined that a child sacrificed more than a thousand years ago as part of a religious ceremony had consumed the psychedelic drug mescaline prior to execution. Scientists made the discovery by analyzing a single hair from the head of a... Read more
Virginia authorities announced the results of a recent survey on the dangers of cannabis-impaired driving, but things didn’t go exactly as planned: Officials said that the survey shows “unsettling” and “alarming” attitudes about how safe it is to drive when under the influence of pot. The Virginia Cannabis Control... Read more
The California Cannabis Industry Association published a white paper addressing the state of the cannabinoid market. Featuring main author Tiffany Devitt, as well as other contributors, the white paper entitled “PANDORA’S BOX The Dangers of a National, Unregulated, Hemp-Derived Intoxicating Cannabinoid Market,” refers to the hemp industry as a... Read more
California Gov. Gavin Newsom (D) says he wants to see marijuana federally legalized, in part so that his state’s cannabis farmers can “legally supply the rest of the nation.” The governor made the remarks in a video that played at the Oakland International Film Festival in September, where activists... Read more
HEXO Reports Q4’22 and FY22 Financial Results Organizational reset strengthened the business and has positioned HEXO for long-term success This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated May 2, 2022 to its short form base shelf prospectus dated May 7,... Read more
As we described in an earlier article, the Global Cannabis Stock Index recovered strongly from the challenging September in October, gaining 17.1% The index is still down 59.9% in 2022. In this exclusive article we will summarize the performance of the other managed indices that New Cannabis Ventures offers to its readers.... Read more
Entourage Health and LiUNA Pension Fund Upsize Credit Facility with Additional $30 Million in Non-Dilutive Funding Availability Company also confirms it has signed an updated amended and restated credit agreement with senior lender, Bank of Montreal TORONTO, Oct. 31, 2022 (GLOBE NEWSWIRE) — Entourage Health Corp. ( (TSX-V:ENTG) (OTCQX:ETRGF) (FSE:4WE) (“Entourage” or the... Read more
Safe Harbor Financial Announces Definitive Agreement to Acquire Abaca Acquisition adds over 300 accounts and expanded financial institution relationships Upon closing, will increase Safe Harbor operations to more than 30 states Further bolsters Company’s position as the leading consolidation platform for additional cannabis financial services ARVADA, Colo., Oct. 31,... Read more
