The cultivation of cannabis for medicinal and industrial uses was legalized on Thursday with the passage of a bill by the country’s Parliament. The move comes as the southern African nation seeks to find alternatives to the country’s top export tobacco, which is waning in popularity globally with the... Read more
Utah’s new medical marijuana program kicked off this weekend, but would-be patients encountered some slight technical difficulties. The state’s department of health told local news outlets that some individuals had trouble registering on the state-run website on Sunday. Advertisement “There was a small glitch earlier, but it’s working now,”... Read more
In Florida, qualifying patients can obtain a medical marijuana prescription—but some state lawmakers don’t want them getting too high. On Friday, Republican state Sen. Gayle Harrell filed an amendment banning medical marijuana with THC levels exceeding 10 percent potency for patients under the age of 21. According to the... Read more
The American Cannabis Operator Index fell again for the eleventh consecutive month, declining 25.5% to 29.24, it’s lowest monthly close since inception: The index, which launched at the end of October 2018 with a value of 100, reached a closing high of 124.16 a week later before declining to 70.64 in... Read more
Exclusive Interview with Organigram CEO Greg Engel In 2018, Organigram (NASDAQ: OGI) (TSX: OGI) CEO Greg Engel spoke with New Cannabis Ventures about creating a company culture of quality. Two years later, the cannabis operator is differentiating itself through a focus on high-quality production at low costs. Engel checked... Read more
After breaking an 8-month losing streak in December with a strong close on the last day of the year, the Global Cannabis Stock Index extended its January losses with a 21.5% decline during February, ending at 31.41: The index, which had 41 qualifying members during the month following the quarterly rebalancing... Read more
Canadian licensed producers experienced their eleventh consecutive monthly decline during February, with the Canadian Cannabis LP Index falling 20.8% to 302.23: Over the past year, the index has declined 69.7%: The index remains substantially below the all-time closing high of 1314.33 in September 2018, just ahead of Canadian legalization. It closed the... Read more
The Public Cannabis Company Revenue & Income Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis stocks that generate industry sales of more than US$7.5 million per quarter (C$9.9 million). This data-driven, fact-based tracker will continually update based on new financial filings so that readers can stay... Read more
New York is determined to become the next state to legalize recreational weed; the state has even appointed its own marijuana czar to make it happen. That would be Norman Birenbaum, who was hired to head up New York’s newly formed office of cannabis programs back in December. Birenbaum... Read more
With Utah’s first medical marijuana dispensary set to open its doors, state lawmakers scrambled to approve adjustments to the cannabis law. State house representatives greenlit a bill Thursday that had received senate approval only a few days prior, with the aim of getting the legislation on Republican Gov. Gary... Read more
