As we described in a previous article, the Global Cannabis Stock Index plunged in October after three consecutive monthly gains. That index is now down 26.1% year-to-date, which has followed a record decline of 70.4% for 2022. In this article, we summarize the performance of the other managed indices that New Cannabis Ventures... Read more
Innovative Industrial Properties Reports Third Quarter 2023 Results SAN DIEGO–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today results for the third quarter ended September 30, 2023. Third... Read more
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
Some routine repairs on the International Space Station unveiled something mysterious last week when a Russian astronaut found holes drilled into the side of the orbiting vessel. According to a NASA press release, two Russian astronauts by the names of Oleg Kononenko and Nikolai Chub were on a spacewalk... Read more
A handful of cannabis companies recently initiated a lawsuit with U.S. Attorney General Merrick Garland regarding the negative effects of federal prohibition, which hinders their business. According to the plaintiffs, which includes Massachusetts-based Canna Provisions Inc., Wiseacre Farm, Inc., and Gyasi Sellers, and Illinois-based Verano Holdings Corp., the Controlled... Read more
The Palm Springs City Council voted last week to put a temporary moratorium on issuing new cannabis licenses while civic leaders consider steps to rein in the growth of the regulated weed industry. The council voted 4-0 to issue the 45-day moratorium, with Councilmember Christy Holstege recusing herself from... Read more
In a new report by Quartz Advisor, data shows that since 2016, traffic fatalities fell in four states that legalized adult-use cannabis, with a slight increase of fatalities in five states that have not legalized cannabis. The report showed some anomalies, however, and there was a slight increase of... Read more
Friday, Oct. 27 was a historic day for cannabis in Georgia and throughout the country, as it was the first day that pharmacists were legally allowed to sell cannabis at the pharmacy counter. Dr. Ankit Patel was the first pharmacist to begin selling cannabis at his pharmacy, Robins Pharmacy.... Read more
Meta Platforms Inc., aka Mark Zuckerberg’s tech giant behind social media giants like Facebook and Instagram, has chosen to ignore advice from its ethics watchdog regarding how the platform manages posts connected to psychedelics. The drama dates back to a 2022 “paid partner” post that promoted a ketamine treatment... Read more
A major supplier of drug testing kits has announced an updated screening panel which no longer tests for cannabis and prioritizes testing for fentanyl. Psychemedics, a Massachusetts-based producer of drug testing kits announced Friday that they would be launching a new five-panel drug screen which will “ the spotlight... Read more
