Safe Harbor Financial Announces Definitive Agreement to Acquire Abaca Acquisition adds over 300 accounts and expanded financial institution relationships Upon closing, will increase Safe Harbor operations to more than 30 states Further bolsters Company’s position as the leading consolidation platform for additional cannabis financial services ARVADA, Colo., Oct. 31,... Read more
After breaking a long negative streak in July of 17 straight months down and then a rally of 4.3%, the Global Cannabis Stock Index fell 1.3% in August. In September, it posted a new all-time closing low on 9/30 at 11.26 and ended the month down 25.9%. In October, the index... Read more
Mississippi medical marijuana regulators announced that the largest cannabis grower licensed by the state so far was directed to destroy thousands of plants worth approximately $1 million for failure to follow regulations. The company, Mockingbird Cannabis LLC, was also ordered to halt some operations and make improvements to one... Read more
The attorney general of New Jersey last week issued a new directive on drug testing requirements for law enforcement agencies, a necessary update following the launch of the state’s legal cannabis market earlier this year. Matthew Platkin, who was confirmed as the state’s AG last month, said that following... Read more
After leading a successful legal challenge against a voter-approved recreational pot amendment, South Dakota Gov. Kristi Noem says she won’t stand in the way the second time around. Voters in the state will decide next week on Initiated Measure 27, a proposal to legalize personal possession of marijuana for... Read more
Dr. Max Jones and Dr. Gale Bozzo, two professors at UG’s Ontario Agricultural College (Department of Plant Agriculture), received a Health Canada “dealer’s license” on Oct. 25. The license permits the cultivation of psilocybin mushrooms, and is one of the first universities in Canada to be permitted to do... Read more
The New York Office of Cannabis Management on Friday released new guidance for retail adult-use cannabis dispensaries, only weeks before the state’s newly legal recreational marijuana market is expected to launch later this year. New York lawmakers legalized cannabis last year with the passage of the Marihuana Regulation and... 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, In... Read more
According to UMass Memorial Medical Center, 27-year-old Kai Chen and his 63-year-old mother Kam Look were poisoned from eating mushrooms, known as “death caps,” which they found growing near their home a few weeks ago in Amherst, Massachusetts. The two survived, and one of their doctors recently told the... Read more
Cannabis remains a hot button issue with politically-driven fanfare in the U.S. territory of the Virgin Islands. Two bills were introduced in the Virgin Islands on Oct. 24: One that would legalize cannabis for adult use and another that would expunge eligible cases of cannabis convictions. Bill No. 21-0160... Read more
