New Jersey’s recently launched legal cannabis market has racked up nearly $80 million worth of sales in the first ten weeks following its launch in late April. The state’s Cannabis Regulatory Commission released the sales figures in a report last week. Between April 21, when sales launched in the... Read more
State officials in North Dakota announced on Monday that an initiative to legalize cannabis for adults has qualified for the ballot and will appear before voters in the November general election. New Approach North Dakota, the group spearheading the recreational marijuana ballot measure, submitted 26,048 petition signatures in July.... Read more
Lawyers for the American basketball star Brittney Griner said Monday that they have filed an appeal of her guilty verdict by a Russian court in a drug smuggling case that has turned into a diplomatic standoff. The appeal comes nearly two weeks after Griner was found guilty and sentenced... Read more
A social enterprise non-profit called Common Knowledge based out of Ireland, along with an England-based hemp farm called Margent Farm, are teaming up to create tiny homes made from hemp. Referred to as Tigín Tiny Homes, each building was crafted with three goals in mind: “sustainable, affordable, and consciously... Read more
Cresco Labs Announces Second Quarter 2022 Results Company reports 4% year-over-year revenue growth and 11% year-over-year adjusted EBITDA growth; continues industry leadership with branded product performance and retail productivity Company provides positive update on Columbia Care divestiture process, regulatory approvals and closing timeline CHICAGO-August 17, 2022-(BUSINESS WIRE)–Cresco Labs Inc.... Read more
Exclusive Interview with GrowGeneration Co-Founder and CEO Darren Lampert GrowGeneration (NASDAQ: GRWG), a picks, shovels and hydroponics company, operates its business in three segments: retail stores, ecommerce, private label and distribution. Co-Founder and CEO Darren Lampert talked to New Cannabis Ventures in 2021 about the company’s plans to build... Read more
A California bill to legalize psychedelics possession is not passing this year, despite the Senate sponsor’s last-minute efforts to reach a grand compromise that would allow it to be enacted this session. An eleventh hour push to make key amendments—including the removal of “synthetic” psychedelics like LSD and MDMA... Read more
Sen. Cory Booker (D-NJ) says that a standalone marijuana banking reform bill “requires changes” if it’s going to advance before cannabis is federally legalized. The senator, who is one of the three prime sponsors of a recently filed measure to comprehensively end prohibition, didn’t get into the specifics of... Read more
New York regulators on Monday awarded 15 licenses for adult-use cannabis processors, a key step in the path to the launch of legal recreational marijuana sales slated for later this year. New York’s Cannabis Control Board issued the licenses to businesses already licensed as cannabinoid hemp processors, giving the... Read more
The two regulated cannabis markets in Arizona are currently heading in different directions. For the Grand Canyon State’s newly launched recreational pot industry, business is booming. Arizona’s medical cannabis decade-old market, meanwhile, continues to see lagging sales. Citing figures from Arizona’s Department of Revenue, the AZ Mirror reports that... Read more
