Another state with legal weed is cracking down on unregulated cannabis retailers. This time, it is lawmakers in Connecticut who are taking on the practice of “gifting,” through which illicit weed shops sell a product (say, a T-shirt) that comes with a cannabis “gift.” Now, under a bill signed... Read more
A harmless cannabis joke is at the center of controversy after fans reacted to commentary on a recent Jeopardy! episode. The show is often the topic of bizarre controversies affecting its older viewership, seemingly invented out of nothing. Jeopardy! host Mayim Bialik already faced a steep battle to be... Read more
A new study published this month adds further evidence that levels of THC detected in the blood or breath of cannabis users is not a reliable indicator of impairment. Researchers also found that levels of THC in blood and breath did not provide reliable evidence of how recently a... Read more
Federal law enforcement continues to make fewer and fewer arrests for weed, according to data released by the Department of Justice, a trend that dovetails with the new cannabis laws that have bloomed in the last decade. From 2010 until 2020, there was an 11% decline in cannabis-related arrests... Read more
Reports Record First Quarter 2022 Financial Results Gross revenue* of $17.4 million, up 28% sequentially and 37% year over year Total revenue of $15.8 million in Q1, 2022 represents a 17% sequential increase over Q4 2021 Gross Profit Before Fair Value Changes improved $5.5 million sequentially Adjusted EBITDA improved... 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, What... Read more
Regulators in Oregon have released the first round of rules governing the state’s new voter-approved psilocybin therapy program. The rules, released last week by the Oregon Health Authority, detail various manufacturing requirements and safety procedures, as well as the permissible types of psilocybin products. According to The Oregonian, those... Read more
A Japanese Ministry of Health, Labour and Welfare panel met on May 25 to begin discussions regarding lifting the ban on medical cannabis to benefit patients who suffer from refractory epilepsy. As reported by The Asahi Shimbun, the ministry may revise the current law sometime this summer. Japanese law... Read more
New Jersey state officials announced this week that purchases of recreational cannabis hit $24 million in the first month of sales, despite only a dozen stores being licensed to sell adult-use cannabis. The New Jersey Cannabis Regulatory Commission, the state’s marijuana regulatory agency, also revealed on Tuesday that six... Read more
It was all supposed to be so easy. The national strategy for the commercialization of the South African cannabis industry was published last year. This February, the president of South Africa, Cyril Ramaphosa said in his state of the nation address that development of the hemp and cannabis sector... Read more
