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, We... Read more
Entertainment mogul Sean “Diddy” Combs announced on Friday that he is launching what is billed as the world’s largest Black-owned cannabis brand with the $185 million purchase of existing licensed marijuana operations in three states. Combs is purchasing the business operations from Cresco Labs and Columbia Care, two multistate... Read more
Sen. John Hickenlooper on Thursday introduced a bill that would set up the regulatory framework in the event that the federal government legalizes marijuana. Hickenlooper, a Democrat from Colorado, said the Preparing Regulators Effectively for a Post-Prohibition Adult Use Regulated Environment (PREPARE) Act would help the government ready itself... Read more
Heeding a legal blueprint laid out by an appellate judge, a Tampa-based orchid grower has filed a lawsuit accusing the Florida Department of Health of violating the state Constitution by delaying the issuance of nearly two-dozen medical marijuana licenses. The lawsuit, filed Monday, Oct. 31, in Leon County circuit court,... Read more
NY Cannabis Insider has learned that the two high-profile individuals selected to manage a $200 million state cannabis fund may hold significant conflicts of interest that could place New York’s social equity-focused rollout in precarious ethical waters. In June, Gov. Kathy Hochul announced NBA Hall of Famer Chris Webber... Read more
Extracting cannabinoids from smoke is now a reality, using a patented extraction method, activating compounds at levels only achieved via smoking. Why? Imagine edibles made with an oil that provides more of the impact you normally only get from smoking. Boston, Massachusetts-based Real Isolates announced on October 24 that... Read more
A new legislative report delivered to Maryland lawmakers this week projects that the nationwide market for legal cannabis could climb to $72 billion per year by 2030, more than double the current market estimation of $32 billion annually. But the report also shows that some states that have legalized... Read more
High Times will bring together buds, business, and bowling at this year’s Biz Bash 4.0, an official after-party for MJBizCon to be held at the Brooklyn Bowl in Las Vegas later this month. With a special performance by Redman & Method Man, this year’s event promises a night of... Read more
Chief Operating Officer at Southern Sky Brands, Steve Merritt says, “I gotta play a little music for my girls,” he says of the flowers blossoming in temporary grow pods while the 70,000 square foot, hi-tech cultivation center is being completed. He says the project set in Canton within sight... Read more
The Hawaii state Tax Department projects that legalizing adult-use cannabis in the state would generate about $50 million per year in tax revenue, far eclipsing the $2.5 million in medical marijuana taxes collected over the past fiscal year, according to a recent report from the agency. But a state... Read more
