Missouri’s House of Representatives gave final approval to a budget bill on Thursday that would spend $10 million from state opioid settlement funds to study the use of psilocybin to treat opioid use disorder. It’s part of a growing push by state governments to support more psychedelics research. The... Read more
Senate Majority Leader Chuck Schumer (D-NY) is reiterating his intent to pass legislation to “safeguard cannabis banking” as part of a “busy agenda” that he hopes to achieve in the “weeks and months ahead,” though he again stressed the need for bipartisan cooperation. In a Dear Colleague letter on... Read more
Colorado’s governor says that while federal marijuana legalization is the ultimate goal, incremental rescheduling and cannabis banking reform are important “dominoes” that could help pave the way. And he said his state continues to have “very strong conversations with the White House” about the need for policy change. During... Read more
Now that marijuana is legal in Germany, lawmakers are turning their attention to the planned “second pillar” of the reform: establishing a pilot program for commercial sales. And while the timeline for introducing the complementary legislation is unclear, one key lawmaker says she’s hoping to see a draft emerge... Read more
The Justice Department is again asking a federal court to dismiss a lawsuit from major marijuana companies seeking to block enforcement of prohibition against state-legal activities—in part because the government says cannabis legalization attracts out-of-state tourism, empowering it to intervene under the Constitution. In a filing with the U.S.... Read more
A New York state lawmaker is proposing legislation that would give regulators the authority to revoke the liquor, lottery and tobacco retailer licenses from stores that sell weed without a license. If passed, the legislation would go into effect immediately, giving officials new tools to combat the illicit pot... Read more
A New York court ruled in favor of Leafly Holdings and other plaintiffs that the state’s ban on third-party cannabis marketing is unconstitutional, striking down advertising rules, after the ruling initially invalidated all of the state’s adult-use regulations. Last September, a lawsuit filed by the plaintiffs Leafly Holdings, adult-use... Read more
We’re announcing the return of the highly-anticipated High Times Cannabis Cup Michigan 2024! It’s the fifth year we’ve set up a competition in Michigan—one of our most enthusiastic event markets—and the most recent rundown of winners showcases Michigan’s finest products. With a massive 20-category breakdown this year, we’re proud... 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