Cannabis stocks, as measured by the Global Cannabis Stock Index, exploded higher in late August on news that the Department of Health and Human Services had recommended to the DEA that it move cannabis from Schedule 1 to Schedule 3, and the move continued into September. October wiped out the... Read more
Scotts Miracle-Gro Reports Second Quarter Results Strong first half 2024 execution has Company on pace for full-year targets U.S. Consumer second quarter net sales of $1.38B equal record high Q2 2024 GAAP gross margin of 30.4% and non-GAAP adjusted gross margin of 35.3% reflect 350 and 60 basis point... Read more
As we described in a previous article, the Global Cannabis Stock Index exploded higher in April, rallying 14.6%. It is now up 44.4% in 2024. In this article, we summarize the performance of the other managed indices that New Cannabis Ventures offers to its readers. We discuss the performance of the American Cannabis... Read more
The Public Cannabis Company Revenue & Income Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis companies. This update is our first since mid-March, when we reviewed the unexciting Q4 reports. Tracker Rules This data-driven, fact-based tracker will continually update based on new financial filings so that... Read more
The Louisiana House Health and Welfare Committee recently passed House Bill 707 in a unanimous vote to propose a regulatory framework for the state’s cannabis legalization. The measure, which prefiled in March, doesn’t directly legalize adult-use cannabis but it does start the process of building a foundation for reform.... Read more
The U.S. Drug Enforcement Administration has urged a federal appeals court to deny a doctor’s attempt to administer psilocybin to dying patients under so-called Right to Try legislation, arguing that such laws do not provide for exemptions to the federal Controlled Substances Act (CSA). Dr. Sunil Aggarwal, co-founder of... Read more
There’s yet another compelling reason to legalize weed. According to new research, states that have legalized cannabis also experience a “moderate relative decrease” in immigrant deportation rates compared to states where the drug is still illicit. As a study featured in the American Journal of Community Psychology details, immigration... Read more
You’re reading 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. We post this and all... Read more
An Arizona church has reached a settlement in a lawsuit against the U.S. Drug Enforcement Administration and other federal agencies that allows the Indigenous religious organization to use the psychedelic brew ayahuasca for sacramental purposes. Under the agreement, the Church of the Eagle and the Condor (CEC) will be... Read more
According to a Swedish customs official, authorities confiscated approximately 1.4 tons of cocaine last week in a port near Stockholm, as reported by Associated Press. While the precise figure is still pending, Swedish customs official Stefan Granath told broadcaster SVT, “If it’s as big as we think, it is... Read more
