On July 11, 2022, Pennsylvania Governor Tom Wolf signed House Bill 331 into law, ostensibly making the Commonwealth safer for financial institutions and insurers that want to do business with the state’s medical marijuana industry. In relevant part, the new law states that “ financial institution authorized to engage in business... Read more
Pennsylvania medical cannabis patients would receive some protection from being convicted for driving under the influence if a bill making its way through the state legislature is passed and signed into law by Governor Tom Wolf. The measure, Senate Bill 167, was approved last week by the Senate Transportation... Read more
IIP Funds Additional $55.0 Million for a New 152,000-Square-Foot Industrial Facility SAN DIEGO, June 30, 2022–(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 that it entered into... Read more
Exclusive Interview with Cansortium CEO Robert Beasley Cansortium (CSE: TIUM.U) (OTCQX: CNTMF) has vertically integrated operations in the Florida market and a footprint in three other U.S. states. New Cannabis Ventures last checked in with the company in 2019. Since then, a new CEO has come on board. Robert... Read more
Legislation that would protect Pennsylvania’s more than 700,000 medical marijuana patients from wrongful driving under the influence convictions advanced out of the Senate Transportation Committee on Tuesday by a 13-0 vote. The bill would treat medical cannabis like any other prescription narcotic. It would require proof of impairment that... Read more
Exclusive Interview with TerrAscend Chairman Jason Wild and President and COO Ziad Ghanem TerrAscend (CSE: TER) (OTCQX: TRSSF) is continuing to execute on its strategy of going deep, not wide, according to Chairman Jason Wild. Three of the company’s key markets, New Jersey, Pennsylvania and Maryland, are set to... 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, Two... Read more
A Commonwealth Court judge on Wednesday allowed Pennsylvania medical marijuana companies to resume selling vapes that were taken off the shelves in February in a controversial recall. “We are thrilled about this decision,” said Judith D. Cassel, an attorney for a group of cannabis companies that sued state regulators... Read more
A state senator is now pushing to implement regulations that would keep it available while ensuring it is safe to consume. Delta-8 tetrahydrocannabinol (THC) — known as delta-8 — is a cannabinoid derived from hemp. Its properties resemble those of delta-9, the main cannabinoid in marijuana that produces the... 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, This... Read more
