Debate surrounding a proposal to legalize medical cannabis will continue this week in the South Carolina legislature, with votes on changes to the bill reportedly coming as early as Tuesday. Members of the state Senate began debate last week on legislation introduced by Republican Senator Tom Davis, known as... Read more
Representative Donald M. Payne, Jr. issued an official statement on January 28, announcing his disapproval that not a single cannabis license, out of 56 licenses issued in New Jersey, was granted to Black-owned businesses. New Jersey’s Cannabis Regulatory Commission (CRC) is the entity in charge of issuing any cannabis... Read more
The American Cannabis Operator Index began 2022 with its 11th consecutive decline, falling 7.4% to 38.62: January’s performance follows a Q4 decline of 23.4%. After gaining 45.7% in 2020, when it ended at 63.05, the index was down 33.9% in 2021: The index, which launched at the end of October 2018... Read more
Following up on our discussion in early 2021 about how cannabis investors have embraced publicly traded ancillary companies, New Cannabis Ventures launched its seventh proprietary index, the Ancillary Cannabis Index, at the end of March. The index has significantly outpaced the overall market since the launch, but in January it fell substantially... Read more
Greenlane Reports Preliminary Fourth Quarter and Full Year 2021 Financial Results and Announces Near-Term Investor Conference Participation Q4 2021 Preliminary Revenue of Between $55.5 Million and $56.5 Million Up 54% Year-over-Year, Driven by an Increase in Sales of Greenlane Brands and the KushCo Merger BOCA RATON, FL / ACCESSWIRE... Read more
After retreating 26% in Q4, the Canadian Cannabis LP Index extended its losing streak to seven months as it fell again in January, declining 9.5% to 176.42: The index, which fell 29.2% in 2021 to end at 194.95, has declined 49.4% over the past year: It remains substantially below the all-time closing... Read more
The Public Cannabis Company Revenue & Income Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis companies. This data-driven, fact-based tracker will continually update based on new financial filings so that readers can stay up to date. Companies must file with the SEC or SEDAR and be current... Read more
Two advocacy organizations are coming together to decriminalize entheogens and continue fighting against the War on Drugs. Decriminalize Nature (DN) and Students for Sensible Drug Policy (SSDP) announced in a press release on January 27 that they are partnering up to target entheogen decriminalization and put an end to... Read more
California courts would face a deadline to implement expungements for past cannabis-related convictions under a bill introduced in the State Assembly on Wednesday. The legislation sponsored by State Assemblymember Mia Bonta would require courts to update case files for marijuana-related convictions and transmit them to the California Department of... Read more
Cannabis tax revenue in Massachusetts is performing better than projected, over four years into the state’s adult-use market. According to the most recently available data, Massachusetts reported collecting $74.2 million in marijuana excise taxes—much more than the $51.3 million in alcohol excise taxes that were collected. Alcohol sales continue... Read more
