Finalized data from the California Department of Tax and Fee Administration shows that California cannabis sales declined in 2022. The decrease in sales is the first dip since adult-use sales began in 2018. In 2021, the state collected $5.77 billion in adult-use cannabis sales, but 2022 numbers reflect only... Read more
A pair of lawmakers in Pennsylvania want to make it easier –– a lot easier –– for doctors in the state to prescribe medical cannabis to patients. The proposed, bipartisan bill –– introduced earlier this year by Republican state Sen. Mike Reagan and Democratic state Sen. James Brewster ––... Read more
AFC Gamma, Inc. Announces Financial Results for Fourth Quarter and Full Year 2022 Fourth quarter GAAP net income of $2.9 million or $0.14 per basic weighted average common share and Distributable Earnings(1) of $12.6 million or $0.62 per basic weighted average common share Full year GAAP net income of $35.9 million or... Read more
Voters in Oklahoma will head to the polls on Tuesday to decide on State Question 820, a ballot measure that would legalize recreational marijuana statewide. If passed, the initiative would legalize the possession of cannabis for adults 21 and older and establish a framework to govern the recreational marijuana... Read more
The group that is powering a proposed constitutional amendment to legalize recreational cannabis in Florida is halfway to its goal of getting the measure on next year’s ballot. According to the News Service of Florida, supporters of the proposed amendment “have submitted more than 420,000 valid petition signatures to... Read more
A bill to make Hawaii the next state to legalize recreational cannabis cleared a legislative hurdle this week. The legislation “advanced out of two state Senate committees Thursday — and is now moving to the full senate,” according to local station HawaiiNewsNow. Under the measure, adults aged 21 and... 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, Earnings... Read more
Officials in Sonoma, California moved this week to provide tax relief to the area’s cannabis cultivators, another decision driven by the continued economic struggles of the state’s legal marijuana industry. North Bay Business Journal reports that the Sonoma County Board of Supervisors “voted 4 to 1 on Tuesday to... Read more
More than 7,500 individuals in Missouri have had their prior marijuana-related convictions expunged with recreational cannabis now legal in the state. The expungement is the latest byproduct of the constitutional amendment that was approved by Missouri voters last fall, which legalized pot for adults and cleared the way for... Read more
Aid is on the way for struggling farmers in two of the Emerald Triangle’s three counties, with funding available to help improve drought resilience and licensing compliance. Cannabis for Conservation (CFC), a Humboldt County, California-based 501(c)(3) environmental nonprofit, announced $2.5 million in grant funds to assist small cannabis farmers... Read more
