A Texas judge has ruled that a local marijuana decriminalization law approved by Dallas voters last year can continue to be implemented— denying a request from the Republican state attorney general that sought to temporarily block the reform as a lawsuit proceeds. On Friday, 134th Civil District Court Judge... Read more
Hawaii’s Senate has rejected a plan that would have increased the amount of marijuana that a person could possess without risk of criminal charges. Meanwhile separate, broader legislation to legalize and regulate cannabis appears to have stalled for the year. Senators voted 12–11 against the decriminalization measure, SB 319,... Read more
Results of a secret shopper study in New York City indicate that state-licensed marijuana retailers were far more consistent about discouraging youth access to cannabis compared to illicit stores, with regulated outlets consistently verifying the age of would-be buyers as well as avoiding cartoon signage and products that appeal... Read more
Lawmakers on a Montana Senate panel considered two cannabis bills at a hearing Thursday morning: one that would cap marijuana products at 15 percent total THC and another that would adjust where millions of dollars in revenue from legal sales would go. Members of the Senate Business, Labor and... Read more
The North Dakota House of Representatives has approved a bill to decriminalize low-level marijuana possession, reducing the offense to a civil citation punishable by a fine of up to $150. Members on Monday voted 76-17 to pass the legislation from lead sponsor Rep. Liz Conmy (D), sending it to... Read more
Trulieve Reports Fourth Quarter and Full Year 2024 Results Highlighting Margins and Cash Flow Fourth quarter revenue of $301 million, up 5% year over year, exceeding guidance Gross margin of 62%, compared to 54% during the fourth quarter of 2023 Record 2024 cash flow from operations of $271 million... Read more
Verano Announces Fourth Quarter and Full Year 2024 Financial Results Fourth Quarter 2024 Financial Highlights Revenues, net of Discounts, of $218 million, a decrease of 8% year-over-year, and an increase of 1% versus the prior quarter. Gross profit of $108 million or 49% of revenue. SG&A expense of $84... 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 no longer send these... Read more
A federal judge in Rhode Island has ruled that a law banning gun ownership by people who use illegal substances is unconstitutional as applied to two defendants who challenged the prohibition in court. The two defendants, David Worster and Alexzandria Carl, were charged with unlawfully possessing firearms while being... Read more
After leaders of New Mexico’s most populous county voted late last year to stop punishing most government employees for off-hours marijuana use, the county has reached a revised employment agreement with the local firefighters’ union. Approved by the Bernalillo County Board of County Commissioners (BCC) on a 5–0 vote... Read more
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