As we described in a previous article, the Global Cannabis Stock Index rebounded 8.1% in November after a huge October loss. That index is now down 20.1% year-to-date, which has followed a record decline of 70.4% for 2022. In this article, we summarize the performance of the other managed indices that New Cannabis... 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
As lawmakers prepare to take up possible changes to federal hemp laws as part of the next Farm Bill, congressional researchers are cautioning that differing policy priorities among industry stakeholders could complicate the task. In a hemp-focused primer on the large-scale agriculture legislation that was published on Wednesday, the... Read more
Nearly seven out of ten registered Florida voters say they support a marijuana legalization initiative that may appear on next year’s ballot depending on the outcome of a legal challenge, with majorities of every demographic surveyed in favor of the reform. The University of North Florida (UNF) poll, released... Read more
It’s not uncommon for residents of states yet to enact cannabis laws to travel and obtain their weed through out-of-state dispensaries. However, one Southern state appears to be experiencing this issue when it comes to medical cannabis, even though it’s had legal, operational medical dispensaries since 2020. A new... Read more
The delta-8 THC market is bigger than ever before, regulated like hemp, but South Carolina could change that if one proposal takes root. Rep. Rosalyn Henderson-Myers (D-Spartanburg) filed a bill under South Carolina’s upcoming legislative session that seeks to create regulations around delta-8 THC and similar products, which can... Read more
A New Hampshire commission formed to create a cannabis legalization plan for the state held its final meeting this week but failed to produce any recommendations after months of deliberation.  The 19-member commission convened this summer to consider a plan to legalize cannabis for adults under a program that... Read more
An international drug trafficker with possible business ties to a reputed “super cartel” as well as the Italian mafia has handed over the ownership rights to his multi-million dollar private island in an attempt to try and reduce his sentence.  Known drug kingpin Raffaele Imperiale made headlines in 2016... Read more
The day before Thanksgiving, often referred to as “Green Wednesday” in the cannabis industry, saw a record number of sales once again. According to data collected by Jane Technologies, recreational sales on Nov. 22 reached $9,209,061.73—an 18.12% increase from Green Friday sales data in 2022, which landed at $7,795,803,80... Read more
Investing In Marijuana Stocks Here Are 3 To Know About
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