As we described in a previous article, the Global Cannabis Stock Index moved lower in June, falling 8.9%. It is now up 6.2% in 2024. In this article, we summarize the performance of the other managed indices that New Cannabis Ventures offers to its readers. We discuss the performance of the American Cannabis... Read more
Bipartisan congressional lawmakers have reintroduced a bill to set a federal marijuana research agenda and create a designation of “Centers of Excellence in Cannabis Research” for universities to carry out cannabis studies with federal grant money. The legislation filed by Reps. Scott Peters (D-CA) and Dave Joyce (R-OH) on... Read more
The governor of Maryland has launched a first-of-its-kind marijuana workforce development program, with a focus on supporting industry participation by people who’ve been criminalized over cannabis. Less than two weeks after issuing a mass pardon for over 175,000 marijuana and paraphernalia convictions, Gov. Wes Moore (D) announced the Cannabis... Read more
The Internal Revenue Service (IRS) is advising marijuana companies that they still cannot take federal tax deductions for business expenses that afforded to other traditional industries unless the administration finalizes a rule to reschedule cannabis. In a press release on Friday, IRS clarified that its policy, known as 280E,... Read more
3 Marijuana Stocks To Watch In A Volatile Market
High Tide Inc. (HITI) Opens Two New Canna Cabana Stores in Alberta and Saskatchewan
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
Cannabis Law and Gun Rights: News from SCOTUS

Last week, the US Supreme Court decided its most recent Second Amendment case, United States v. Rahimi. Earlier this month, SCOTUS decided Garland v. Cargill, which could also spell changes for the cannabis industry later down the road. I wrote about the Rahimi case in earlier posts, as the outcome of the case could have affected

The post Cannabis Law and Gun Rights: News from SCOTUS appeared first on Harris Sliwoski LLP.

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Dozens of United Nations (UN) human rights experts are championing a less-punitive approach to global drug policies, urging member nations to focus less on punishment and criminalization and more on harm reduction and public health while specifically calling for “decriminalisation of drug use and related activities, and the responsible... Read more
California lawmakers have pulled from consideration a bipartisan bill that would have authorized a pilot program to provide psilocybin treatment to military veterans and former first responders. The legislation, sponsored by Senate Minority Leader Brian Jones (R) and Sen. Josh Becker (D), was effectively killed about a week after... Read more
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