U.S. Sen Ted Cruz (R-TX) criticized the Biden administration’s planned move of cannabis to Schedule III of the Controlled Substances Act (CSA) during comments Wednesday at a Senate Commerce subcommittee hearing, citing increases in vehicle injury and fatality rates that he attributed to the legalization of adult-use marijuana. Delivering... Read more
A Delaware legislative panel has approved a bill to launch recreational marijuana sales early through existing medical cannabis dispensaries—disregarding concerns from activists who argue the measure will give current businesses run by multi-state operators an unfair advantage. The House Economic Development/Banking/Insurance and Commerce Committee voted on Tuesday to advance... Read more
Top MSO Marijuana Stocks to Watch This Memorial Day Weekend
A key House committee has amended a large-scale agriculture bill in a way that would impose a general ban on hemp-derived cannabinoids such as delta-8 THC—with some industry stakeholders saying it could even federally criminalize many CBD products because the measure’s scope covers all ingestible hemp products with any... Read more
A top federal drug official says there is “tremendous excitement” about the therapeutic potential of psychedelics. However, she cautioned that while the treatment option is “very promising,” people should understand that “it’s not magic” and needs more rigorous research. National Institute on Drug Abuse (NIDA) Director Nora Volkow shared... Read more
Two major law enforcement organizations have endorsed a bipartisan bill to end federal marijuana enforcement in legal states, a cannabis group whose membership includes large tobacco and alcohol companies announced. The Peace Officers Research Association of California (PORAC) and the Oregon Coalition of Police and Sheriffs (ORCOPs) are both... Read more
Marijuana Stocks For Today’s Cannabis Investor
For the first time ever, New Hampshire’s Senate passed a marijuana legalization measure on Thursday, returning the bill to the House of Representatives for concurrence on recent amendments before it would potentially head to the governor’s desk to be signed into law. Senators have adopted a number of major... Read more
Senators in Louisiana decided this week to advance two separate pieces of cannabis-related criminal justice legislation after previously voting them down. The moves breathe new life into proposals that would decriminalize cannabis paraphernalia and make certain past marijuana convictions eligible for pardons by the governor. Both measures, HB 165... 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
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