Bank of Guam announced in a press release on Wednesday that the launch of “Cannabis Banking” will give it a “platform cannabis clients the ability to share data from their day-to-day business activities, such as sales, inventory and required licensing documentation.” According to The Guam Daily Post,... Read more
On Monday, Sen. Elizabeth Warren (D-MA) joined the Pod Save America podcast and revealed who her “dream blunt rotation” would be when asked. It was hypothetical, as she doesn’t smoke, and the senator kept things positive in her responses. In what they called a special President’s Day edition episode... Read more
The New York Cannabis Control Board (CCB) met on Feb. 16 and voted on a few new cannabis draft rules, including cultivation and research, and also announced the first round of adult-use licenses. The CCB approved a regulation proposal describing potential plant limits and possession amounts, the Feb. 16... Read more
More Americans are overdosing and dying by smoking illegal drugs as opposed to injecting them. Of the 109,000 recorded overdose deaths which occurred in 2022, almost 70 percent involved fentanyl and a recent study by the Centers for Disease Control and Prevention showed that fentanyl users are beginning to... Read more
A Republican-led proposal to legalize medical cannabis in the state officially died on Thursday, and although the GOP speaker of the assembly indicated that “there will still be a public hearing to build support for passage next session,” per the Associated Press, that “won’t occur until after the Assembly... Read more
Over the past few months, the Nevada Cannabis Control Board has approved a handful of cannabis consumption lounge licenses. On Feb. 15, the CCB announced that Thrive Cannabis Marketplace’s lounge, called Smoke and Mirrors, is the first to receive its final license in Nevada. “We’ve marked a lot of... Read more
Ukrainian President Volodymyr Zelensky has formally enacted legislation to legalize medical marijuana in a move that he and other leaders believe will assist soldiers in healing from both physical and psychological injuries suffered in the country’s ongoing conflict with Russia. As of January 2, 2024, per Russia Matters, a... Read more
An Illinois state senator recently introduced a bill to legalize the supervised therapeutic use of psilocybin, the primary psychedelic compound in magic mushrooms. The legislation, known as the Compassionate Use and Research of Entheogens (CURE) Act, was introduced by Democratic Senator Rachel Ventura earlier this month. If passed, the... Read more
Glass bongs, money counters, a La-Z-Boy recliner and a snow cone machine were among the goods auctioned off Friday at an auction hosted by the CHP and CDTFA to raise money for unpaid taxes on cannabis businesses. The California Department of Taxes and Fee Administration released a notice last... Read more
You’re reading 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, Cannabis stocks have given... Read more
