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
The Los Angeles Times reported that “Costa Mesa police and city employees trucked more than 100 pounds of cannabis flower, boxes of oil cartridges and vaporizers along with documents, devices and security equipment held in police storage” to the owners of Se7enleaf, Michael Moussalli and Matteo Tabib, reached a... Read more
Since breaking through with Sixteen Stone in 1994, Bush’s Gavin Rossdale has been a music industry mainstay. The debut album peaked at #4 on the Billboard charts, leading to successful albums and side projects over the next three decades. In all, Rossdale and Bush have amassed 24 million record... Read more
Nine in 10 Americans say marijuana should be legal for recreational or medical purposes, a new Pew Research Center poll finds. And most agree that legalization bolsters local economies and makes the criminal justice system more fair. The report, released on Tuesday, found that 88 percent of Americans back... Read more
Minnesota’s former governor Jesse Ventura launching his own cannabis brand, fulfilling a “lifelong dream” by unveiling a line of hemp products. The retired professional wrestler first previewed plans to enter the cannabis space with products featuring his likeness last August, several months after Minnesota enacted adult-use marijuana legalization. Now... Read more
