Cannabis dispensaries in several states were left scrambling to find ways to process transactions without cash when a popular workaround to federal banking regulations known as cashless ATMs stopped working for many retailers beginning last week. Cashless ATMs, also known as “point of banking” systems, allow customers to use... Read more
Missouri’s state constitution will have a new entry this week, with the voter-approved recreational cannabis amendment slated to be added on Thursday. The Springfield News-Leader reports that while Amendment 3, which was approved by Missouri voters in last month’s election, will be added to the state constitution this week,... Read more
Seasonal slogans like “holiday spirit” and “the season of giving” are an annual reminder to give back to those in need. Here are just a few great examples of how cannabis businesses continue to give back. Ayr Wellness, which has dispensaries operating in Arizona, Florida, Massachusetts, Nevada, New Jersey,... Read more
President Joe Biden added his signature last week to a bipartisan bill that seeks to broaden and streamline research into medical cannabis. Dubbed the “Medical Marijuana and Cannabidiol Research Expansion Act,” the law “establishes a new registration process for conducting research on marijuana and for manufacturing marijuana products for... Read more
American youth are smoking pot more than ever before, but according to the same data, they are dropping booze habits at the same time—begging the question if society is better off as a whole. The findings were published Monday in the peer-reviewed journal Clinical Toxicology, pinpointing precisely 338,727 instances... Read more
A Portland herbal shop is openly selling psilocybin mushrooms, drawing lines of people waiting more than two hours to get their hands on varieties of psychedelic fungi including Penis Envy and Knobby Tops. In November 2020, Oregon voters approved Measure 109, a ballot proposition to legalize the therapeutic use... Read more
Marijuana-related criminal cases are clogging local courts in Pennsylvania and putting an unnecessary burden on scarce law enforcement resources, according to a new study from a justice reform advocacy organization. The Lehigh Valley Justice Institute, a nonpartisan research and advocacy group based in Allentown, Pennsylvania, reviewed 27,826 criminal cases... Read more
If you’re a medical cannabis patient in Nevada, smoke up: medical cannabis patients in the state were recently empowered to consume cannabis on their own time after a landmark decision in court. On December 1, the Nevada Supreme Court ruled that employees in the state have the right to... Read more
Democratic Senator John Hickenlooper of Colorado on Thursday introduced legislation designed to prepare the country for national cannabis legalization, laying the groundwork for drafting regulations to govern legal marijuana at the federal level. The bill, the Preparing Regulators Effectively for a Post-Prohibition Adult Use Regulated Environment (PREPARE) Act, directs... 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, Despite... Read more
