Regulators in Alabama last week signed off on rules for the state’s new medical cannabis law. The Montgomery Advertiser reported that the Alabama Medical Cannabis Commission approved 171 pages worth of rules, which pertain to licensing and regulation of the industry. The approval of the rules came “after months... 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, The Global... Read more
New York’s Office of Cannabis Management said Thursday that it will begin accepting applications for adult-use cannabis retail licenses later this month. Would-be dispensary owners will be able to submit their applications beginning on August 25. The application is scheduled to close on September 26. In the announcement on... Read more
The Arkansas Supreme Court this week said that a marijuana legalization proposal should be placed back on the state’s ballot, but it remains unclear whether the vote will ultimately mean anything. It is the latest twist in what has become a messy dispute surrounding a campaign to end prohibition... Read more
Massachusetts Governor Charlie Baker signed legislation on Thursday to amend the state’s marijuana laws, approving the addition of social equity provisions and other changes to cannabis regulations in the Bay State. Baker approved all but one of the provisions of the bill, which is the first overhaul of the... Read more
On Aug. 10, the V.I. Cannabis Advisory Board (VICAB) in the U.S. Virgin Islands unanimously approved draft regulations for its medical cannabis program. On Aug. 12, the Office of Cannabis Regulations posted the draft publicly, and it will remain online for a 30-day public comment window that ends on... Read more
NBA Hall of Famer Chris Webber announced the launch of his cannabis brand Players Only with his business partner, Lavetta Willis—and he’s bringing several familiar faces along for the ride including Quavo, Raekwon, Royce da 5’9″, Matt Barnes, and Jason Williams. The new all-star brand was first announced on... Read more
SNDL Reports Second Quarter 2022 Financial and Operational Results CALGARY, AB, Aug. 12, 2022 /PRNewswire/ – SNDL Inc. (NASDAQ: SNDL) (“SNDL” or the “Company”) reported its financial and operational results for the second quarter ended June 30, 2022. All financial information in this press release is reported in millions of Canadian dollars unless... Read more
BOCA RATON, FL / August 11, 2022 / Greenlane Holdings, Inc. (“Greenlane” or the “Company”) (NASDAQ:GNLN), one of the largest global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced that it has closed on a $15 million asset-based loan. The loan is for a term... Read more
Goodness Growth Holdings Announces Second Quarter 2022 Results Second quarter GAAP revenue of $21.1 million increased 34.9% sequentially and 48.2% YoY Excluding former Arizona operations, second quarter revenue increased 62.7% YoY MINNEAPOLIS, Aug. 11, 2022 /PRNewswire/ — Goodness Growth Holdings, Inc. (“Goodness Growth” or the “Company”) (CSE: GDNS; OTCQX:... Read more
