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 no longer send these... Read more
Although the official city-sanctioned 4/20 celebration on Hippie Hill in San Francisco was canceled this year, it still attracted thousands of people to gather on the holiday. According to a report from SFGate, whose representatives spoke with some of the attendees, the cancellation didn’t hinder anyone’s plans. Jessica Leung... Read more
Amid declining revenues and plunging prices, officials in one California county are considering a proposal that would ease some of the financial stress currently felt by area cannabis cultivators. The Press Democrat reports that officials in Sonoma County, California on Tuesday recommended that the “Board of Supervisors approve new... Read more
The California Department of Cannabis Control (DCC) recently published an announcement regarding recent cannabis taskforce seizures. As of April 11, the Unified Cannabis Enforcement Taskforce (UCETF) seized over $53,620,600 in illegal cannabis during the first quarter of 2024 (spanning between January 1, 2024-March 31, 2024). Law enforcement seized 331,866... Read more
The ritzy, upscale Los Angeles neighborhood Bel Air will welcome a new arrival: a cannabis store, run by rapper Xzibit, who proudly represents the West Coast. It’s the rapper’s latest foray into the cannabis sector after launching a cannabis-themed podcast and a cannabis brand Napalm. Xzibit’s West Coast Cannabis... Read more
A handful of CBD and cannabis companies turned out to be figments of the imagination as a con artist successfully duped investor after investor, but his conning spree has come to an end. A California man pleaded guilty April 5 to a slew of federal criminal charges for swindling... Read more
The city-sanctioned version of the famous 4/20 Hippie Hill event in San Francisco has been canceled, but it’s not the end of 4/20 celebrations in San Francisco. SF Weed Week, will feature a variety of events beginning with an art opening featuring cannabis mylar art on April 5 and... Read more
In a recent campaign stop in California, President Joe Biden said that people in other countries are paying 40-60% less than what Americans are paying for prescription drugs. A fact-checker recently approved his claim, affirming that Americans are indeed paying double for prescription drugs compared to prices in other... Read more
In an “hours-long discussion,” the officials on a Costa Mesa panel considered various ways of amending the city’s laws governing legal cannabis shops. Those laws “have engendered complaints from neighbors and proprietors alike,” according to the Los Angeles Times, which said that Tuesday’s meeting “ended with a flurry of... Read more
Nearly two dozen attorneys general from across the country wrote a letter to congressional leaders this week, urging them to enact legislation to federally regulate intoxicating hemp products. In the letter, the top law enforcement official from 21 states wrote that the legalization of hemp with the 2018 Farm... Read more
