A California lawmaker on Monday introduced legislation to decriminalize the possession and use of natural psychedelics including psilocybin, the primary psychoactive compound found in magic mushrooms. The bill, introduced by state Senator Scott Wiener, follows similar legislation the San Francisco Democrat introduced last year that was eventually gutted by... Read more
For the first time since Heath Canada began tracking it after legalization, they report that over a quarter of their domestic cannabis crop was destroyed in 2021. Over 425 million grams, a full 26% of the unpackaged dried flower produced last year was destroyed, along with all the resources... Read more
Cannabis sales in the state of Washington declined by about $120 million over the past year, according to a recent market analysis report, marking the first time regulated sales of pot have dropped in a decade. Retail sales of marijuana fell by more than 8% from July 2021 through... Read more
New York City Mayor Eric Adams on Thursday said that his administration is ready to crack down on the illicit cannabis retailers that have multiplied throughout the five boroughs. “We are not going to allow these stores to stay open,” Mayor Adams said at a press conference, as quoted... Read more
Prosecutors with the Ontario Securities Commission (OSC) told a Canadian court on Wednesday that they had no reasonable expectation of gaining a conviction against three former executives of the cannabis firm CannTrust Holdings and asked to withdraw charges against the men. But defense lawyers for former CannTrust CEO Peter... Read more
Those who have used psilocybin or LSD may be familiar with the experience: The day following your trip, it’s back to reality, yet there are still glimmers of your previous day’s journey, a fleeting visual cue borrowing from the more intense hallucinogenic effects you just experienced. These spontaneously recurring,... Read more
Chicago Mayor Lori E. Lightfoot on Thursday announced the launch of the Cannabis Research Institute (CRI), a joint effort between the city and the Illinois state government touted as “a first-of-its-kind center in the Midwest that will further boost Illinois’ global standing as a science hub.” Topics of research... Read more
Please welcome to the Twenty22Many Veteran Chronicles, one of the hardest working activists in the country. The story of Cherissa Jackson—a woman, mother, veteran, advocate, and warrior—is bound to inspire you. It is truly an honor to introduce you to such an amazing individual. Jackson is a U.S. Air... Read more
Exclusive Interview with TerrAscend Chairman Jason Wild TerrAscend (CSE: TER) (OTCQX: TRSSF) has a five-state footprint in the U.S. The company has opted to build greater scale and market share in a smaller number of states rather than stretching across many markets. Though the cannabis industry has had a... 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, The... Read more
