A New York Judge recently issued a court order that allows just two cannabis retailers to open for business, while hundreds of others are put on hold. On Oct. 6, Judge Kevin Bryant permitted Manhattan-based ConBud LLC and Queens-based Kush Culture LLC (also known as Terp Bros) to be... Read more
A large cannabis operation with 22 buildings spanning over 11 acres must temporarily cease operations as hundreds of employees are fighting for their jobs, culminating in a chaotic Sacramento City Council meeting. Law enforcement officials ordered Natura to close on Oct. 2, a farm located on Elder Creek Road... Read more
An effort to decriminalize psychedelic substances was nixed after California’s governor vetoed the bill on grounds that the bill is missing dosing guidelines and other critical inclusions that he says would have made it safer. To the dismay of psychedelic advocates across the state, California Gov. Gavin Newsom vetoed... Read more
Two cannabis bills were recently sent to the desk of Gov. Gretchen Whitmer, and if passed, would work in tandem to allow the Cannabis Regulatory Agency (CRA) to do business with local Native American cannabis businesses, and vice versa. Currently, state licensed cannabis and tribal cannabis businesses must operate... Read more
California’s Unified Cannabis Enforcement Taskforce (UCETF) seized nearly 100,000 cannabis plants over the last three months, according to an announcement from the state’s Department of Fish and Wildlife. State officials lauded the seizures on Friday, saying that illegal weed grow sites pose a threat to consumer safety and are... Read more
Kentucky Governor Andy Beshear spoke at a news conference on Oct. 7 and provided an update on the ongoing progress of the state’s medical cannabis program. “We have established the Medical Cannabis Program, which is the office that is going to do this work, as part of the Cabinet... Read more
Russian President Vladimir Putin suggested on Thursday that mercenary Yevgeny Prigozhin’s fiery death in a plane that went down was due to cocaine and grenades, not a coordinated assassination in retaliation for his uprising, as many suspect. Prigozhin’s days were numbered the moment he led the Wagner Group—his paramilitary... Read more
The Cannabist Company Announces Partial Redemption of 13% Senior Secured Notes Due May 2024 NEW YORK–(BUSINESS WIRE), October 9, 2023–The Cannabist Company Holdings Inc. (NEO: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”), one of the largest and most experienced cultivators, manufacturers and retailers of cannabis... 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, A... Read more
The American Nurses Association (ANA) announced last week that it now formally recognizes cannabis nursing as a specialty practice. The professional association, which represents the interests of the more than 5 million nurses in the nation, also noted that cannabis nursing is identified by the American Cannabis Nurses Association... Read more
