A New York-based biotech firm has begun a clinical trial to study LSD as a treatment for anxiety, announcing last week that it had administered the psychedelic drug to a patient enrolled in the study for the first time. The research is designed to study the effectiveness of MM-120,... Read more
A marijuana legalization initiative in South Dakota is in serious danger of going up in smoke this November, according to a new poll. The survey, conducted by the pollster Mason-Dixon Polling & Strategy on behalf of the local news nonprofit South Dakota News Watch and the Chiesman Center for... Read more
According to a press release from the Canada Border Services Agency (CBSA) on Aug. 24, the agency announced that it recently seized 592 kilograms (approximately 1,305 pounds) of cannabis in a recent move. Using a CBSA detector dog in addition to “a wide range of detection tools and technology,”... Read more
Florida Gov. Ron DeSantis told a group of reporters on August 23 that medical cannabis license holders in the state need to pay more for their license application and renewal fees. But operators in the state say that raising application and renewal fees could spell the end for some... Read more
Jushi Holdings Inc. Reports Second Quarter 2022 Financial Results and Announces Non-Reliance on Previously Issued First Quarter 2022 Financial Statements Second Quarter 2022 Revenue Growth of 52.4% YoY and 17.6% QoQ to $72.8 million Completed NuLeaf Acquisition and Expanded Vertically Integrated Footprint in Nevada Established Fifth Vertically Integrated State-Level... Read more
Cansortium Reports Second Quarter 2022 Financial Results Q2 Revenue up 14% QoQ and 36% YoY to a Record $22.4 Million Q2 Adjusted EBITDA up 64% QoQ and 95% YoY to a Record $10.2 Million, with $4.3 Million ofCash from Operations Reaffirms 2022 Guidance of $90-$95 Million of Revenue 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, This... Read more
The Public Cannabis Company Revenue & Income Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis companies. August was an extremely heavy 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
San Diego’s proposal to establish a social equity program would present eligibility criteria that would help participants find locations, get financing, and get critical mentorship from existing members of the cannabis industry. It would create a revolving loan fund that would begin with $5 million in city cannabis tax... Read more
Green Sentry Holdings Completes Acquisition of MedMen’s Florida MMTC License and Assets Closes on $63 million (plus the assumption of lease liabilities in Florida) purchase of MedMen’s Florida assets, including MMTC license, 14 Premium Retail Dispensaries, 30,000 square foot Cultivation Facility, inventory and other assets FORT LAUDERDALE, Fla., Aug.... Read more
