As many advocates are pushing for decriminalization and completely descheduling cannabis at the federal level, one Republican congressman is pushing to simply downgrade cannabis from schedule I to schedule III, which would allow for research to move forward at a faster pace and provide several other perks. Rep. Greg... Read more
Local news station WFSB reports that the facility, which is being built in New Britain, Connecticut, will be “close to five schools, some of which are less than a mile away.” Locals in New Britain are concerned about that proximity, citing the expected odor from the new cultivation center. ... Read more
More than half of Hawaii residents believe it is time for the state to change its laws and legalize recreational cannabis use for adults, according to a new poll from a marijuana trade organization released this week. The survey, released on Tuesday from the Hawaii Cannabis Industry Association (HICIA),... Read more
The Australian Parliamentary Budget Office (PBO) recently released a proposal exploring two options on how to approach cannabis legalization. It was commissioned to explore what legalization could look like through the request of Sen. David Shoebridge (described on his Twitter page as “the devil’s lettuce daddy of Australia”) and... Read more
Once again the gateway theory—the belief that cannabis use leads to other drugs, popularized about 40 years ago—is being crushed by new evidence, this time finding no evidence of worsened drug abuse in legal states, using twins as controls. A new long-term study examined sets of twins, over 4,000... Read more
ScottsMiracle-Gro Reports First Quarter Results U.S. Consumer Sales Up 8 Percent YoY First Quarter GAAP Loss of $1.17 Per Share; non-GAAP Loss of $1.02 Per Share Project Springboard to Exceed $185 Million Annualized Savings Net Leverage Ratio Within Covenant at 5.9X Full-Year Sales Guidance Updated for Lower Hawthorne Outlook... Read more
As we described in a previous article, the Global Cannabis Stock Index lifted in January after having collapsed in December. The index rose 10.1% after a record decline of 70.4% for 2022. In this exclusive article we will summarize the performance of the other managed indices that New Cannabis Ventures offers to... Read more
Weed is for sale in one of the largest cities in Switzerland—for a select few, anyway. The country officially launched its pilot cannabis project on Monday, clearing the way for a few hundred selected participants to purchase marijuana for recreational use in various pharmacies throughout the Swiss city of... Read more
High Tide Releases Audited 2022 Financial Results Featuring Record Fourth Quarter Revenue of $108.2 Million and Record Adjusted EBITDA of $5.0 Million The Company has also signed an LOI with Berlin-based health and life science company Sanity Group to better take advantage of potential German adult-use cannabis legalization This... Read more
From the deeply depressed year-end 2022 close of 9.71, the Global Cannabis Stock Index rose 10.1% in January to 10.69. The index fell 23.7% in Q3 and 13.8% in Q4, ending 2022 down 70.4%: Since the peak in February 2021, the Global Cannabis Stock Index has dropped 88.4% from the 92.48... Read more
