As federal agencies work to complete a marijuana scheduling review, President Joe Biden is touting his role in directing that process, as well as cannabis pardons he’s issues, as part of his proclamation declaring April to be “Second Chance Month.” Biden said that his administration “has taken historic steps... Read more
The Florida Supreme Court has announced that justices will be rendering “out-of-calendar opinions” on Monday, likely including a decision in a case that will decide whether a marijuana legalization initiative will appear on the state ballot this November. There were strong expectations that the court would release its opinion... Read more
A new technique has arrived that measures the potency of psilocybin and psilocin, great news for those medicated by mushrooms. Credit goes to teams at the University of Texas at Arlington, Scottsdale Research Institute in Phoenix, Shimadzu Scientific Instruments in Maryland, and Millipore-Sigma in Round Rock, Texas. They comprise... Read more
Senator Mitt Romney of Utah and two of his Republican colleagues have sent a letter to the Drug Enforcement Administration, urging the law enforcement agency to decline a bid to reschedule marijuana under federal drug laws. Cannabis is currently listed under Schedule I of the federal Controlled Substances Act... Read more
Thinking back just 10 years ago, the previous U.S. cannabis landscape stood in stark contrast to the one we enjoy today. The United States currently has 38 states with legal medical or recreational cannabis, with 74% of Americans living in a legal cannabis state and 79% living in a... Read more
As we described in a previous article, the Global Cannabis Stock Index soared again in March, rallying 19.5%. It is now up 26.0% 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... Read more
After sending messages for months that he had no interest in moving forward with Democratic-led plans to legalize retail marijuana sales in Virginia, Gov. Glenn Youngkin (R) has now formally vetoed legal sales legislation sent to him by lawmakers about a month ago along with a separate bill to... 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
Regulated sales of marijuana in Arizona topped $1.4 billion last year, according to state data, marking the third year in a row that licensed weed sales have exceeded $1 billion in the Grand Canyon State. Sales of recreational marijuana totaled more than $1 billion in 2023, while sales of... Read more
