A non-profit organization called Kind Idaho, which was originally founded in 2021, recently announced that it would be pushing for an initiative to legalize medical cannabis in 2024. Kind Idaho has between now and April 2024 to collect enough signatures (at least 74,000) to qualify its Idaho Medical Marijuana Act... Read more
Red White & Bloom Reports Financial Results for the Three and Nine Months Ended September 30, 2022 Revenue for the Three months ended September 30, 2022, was $25.5 million, a 128% increase from revenue for the Three months ended September 30, 2021. Revenue for the Nine months ended September... Read more
Cansortium Reports Third Quarter 2022 Financial Results Q3 Revenue up 42% YoY to $22.1 Million Q3 Adjusted EBITDA up 15% QoQ and More Than 2x YoY to a Record $11.7 Million, with $5.4 Million of Cash from Operations MIAMI, Nov. 29, 2022 /PRNewswire/ – Cansortium Inc. (CSE: TIUM.U) (OTCQX:... Read more
Organigram Reports Record Fourth Quarter and Full Year Fiscal 2022 Results Continues trend of record quarterly net revenue and positive Adjusted EBITDA while growing share of adult recreational market Q4 FISCAL 2022 FINANCIAL HIGHLIGHTS Continued record growth in net revenue, reaching $45.5 million, the highest in the history of... Read more
We have all heard of the dog who ate the homework, but rats who ate the weed? That’s a new one, but it is apparently the account that has been offered up by law enforcement officials in India, who are blaming the pesky rodents for getting their fangs on... Read more
Certain low-income senior citizens in Pennsylvania will receive financial assistance for their medical cannabis treatment thanks to a newly launched pilot program in the state. According to Capitol Wire, the state’s Department of Health launched the program “to offer $50 a month in financial assistance to help almost 1,400... Read more
An Irish lawmaker last week introduced a bill to legalize the possession of small amounts of cannabis for personal use. The legislation was introduced on Thursday by Gino Kenny, a lawmaker known as a Teachta Dála (TD) and a member of Ireland’s People Before Profit political party. If passed,... Read more
Spanning across six countries in Europe and the United Arab Emirates (UAE), Europol and multiple law enforcement agencies launched Operation Desert Light and took down one of the world’s largest suppliers of cocaine. According to a press release, Europol, the European Union’s law enforcement agency, took out a 49-person... Read more
You’re reading a copy of 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. Friends, New... Read more
The Public Cannabis Company Revenue & Income Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis companies. November was an extremely busy month for reporting. Tracker Rules This data-driven, fact-based tracker will continually update based on new financial filings so that readers can stay up to date.... Read more
