A Russian court on Tuesday denied Brittney Griner’s appeal, upholding the American basketball star’s nine-year prison sentence on drug charges. Griner received the sentence in August, and has been in Russian custody since she was arrested at a Moscow airport in February. “We are very disappointed,” Griner’s lawyers said... Read more
More Arizonans with federal convictions for marijuana possession will benefit from the pardons recently announced by President Joseph Biden than past offenders from nearly every other state, according to a report from azcentral. An analysis from the United States Sentencing Commission found that more than 1,450 people from Arizona... Read more
Pardons are still a hot topic after President Joe Biden announced on Oct. 6 that he would be pardoning citizens who have federal convictions for cannabis, and asked that state governors do the same to provide relief for people in their regions. However, Indiana Gov. Holcomb recently stated that... Read more
Canopy Growth to Fast Track Entry into the U.S. Cannabis Market Creation of U.S. holding company and exchangeable share structure designed to enable Canopy USA to trigger full ownership of U.S. cannabis investments and capitalize on market opportunity projected to be over $50B1 by 2026 Floating Share Arrangement Agreement facilitates acquisition of 100%... Read more
Exclusive Interview with CEA Industries Chairman and CEO Tony McDonald Controlled environment agriculture company CEA Industries (NASDAQ: CEAD) is broadening its product line and looking to serve both cannabis and traditional agriculture clients. Chairman and CEO Tony McDonald checked in with New Cannabis Ventures for the first time since... Read more
Upgraded Points, a travel information site, released a data report on Oct. 24 detailing which U.S. states are best and worst for a “canna-cation.” For the top best places, the first three included Colorado cities of Denver, Boulder, and Colorado Springs; followed by Oakland and San Jose, California; Henderson... Read more
The social experiment of decriminalizing drugs and providing a health-based program instead of locking up drug users is taking hold in Australia’s capital. The Australian Capital Territory (ACT)—home of capital city Canberra—passed legislation on October 20 to decriminalize small amounts of drugs, according to an announcement. It’s the first... Read more
SEC Charges Canadian Cannabis Company and Former Senior Executive with Accounting Fraud Washington D.C., Oct. 24, 2022 — The Securities and Exchange Commission today charged Cronos Group Inc., a Nasdaq-listed cannabis company based in Toronto, for improperly accounting for millions of dollars of revenue and for other accounting misconduct... Read more
Currently, adult-use cannabis is legal in 19 states, two territories and Washington, D.C., with medical cannabis legal in 37 states, three territories and D.C. If all five states approved adult-use cannabis, nearly half the U.S. population would reside in a jurisdiction where the possession and use of cannabis is... 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
