Business of Cannabis: Cannabis News | Cannabis Views | Cannabis Trends

This week's stories: Subversive Capital Advisor , which focuses on emerging sectors, this week launched a new cannabis- focused ETF, stating that a ‘regulatory move to Schedule III status meaningfully changes the trajectory for this business. The text for the SAFE Banking Act that aims to transform banking for the cannabis industry has been amended. According to Marijuana Moment, which has seen a...

This week's stories: General New York Cannabis Licence Applications to Open on October 04 Cannabis Sales in New Mexico Reach a Record High New Jersey Proposes Rules to Expand Cannabis Edibles The UK ‘Perfectly Poised’ To Be Central Hub For Global Cannabis Financial Trade   Are you following the podcast yet? If not, why not? Correct this at once, here -> Follow 😉 Check out all the main headlines o...

This week's stories: Rescheduling cannabis from Schedule I to Schedule III under federal law is “not enough” as it “continues to misrepresent the plant’s safety relative to other controlled substances”. But who said it? Listen to find out! On Tuesday, as the US senate returned from its August recess, the majority leader Chuck Schumer reiterated his commitment to advancing the highly anticipated Se...

This week's stories: The U.S Department of Health and Human Services (HHS) has sent a letter to the Drug Enforcement Administration (DEA) recommending that cannabis be reclassified from Schedule I to Schedule III New York has seen its cannabis licensing process draw to a complete halt after a temporary injunction was implemented on New York’s Conditional Adult-Use Retail Dispensary (CAURD) scheme....

This week's stories: Discover How High Fees are Challenging Cannabis Profits – Insights from Health Canada Report Legal Battles, Licences Revoked – Inside the Alabama Medical Cannabis Commission's Turmoil California's Tax Cuts for Cannabis: Unveiling the Strategy to Save a Struggling Industry Are you following the podcast yet? If not, why not? Correct this at once, here -> Follow 😉 Check out all...

This week's stories: US cannabis businesses are bracing for increasing threats from criminals following Mastercard’s decision to ban cannabis purchases. US organisation Doctors for Cannabis Regulation (DCR) and other industry stakeholders, are urging the United States and global cannabis regulators to adopt the International Intoxicating Cannabinoid Product Symbol Ohio could see potential annual t...

Are you following the podcast yet? If not, why not? Correct this at once, here -> Follow 😉 This week's stories: Cannabis company Tilray Brands is planning to diversify its alcohol segment with the intent to acquire eight beer and beverage brands from   CFAH has updated its 2023 Cannabis Price Index , collecting data on cannabis prices from 140 cities worldwide and ranking them from least costly t...

Are you following the podcast yet? If not, why not? Correct this at once, here -> Follow 😉 This week's stories: The Canadian Federal government’s failure to facilitate research into the potential health issues associated with cannabis consumption has led to potential legal action. THE global cannabis industry is grappling with significant challenges in securing reliable banking and payment servic...

Are you following the podcast yet? If not, why not? Correct this at once, here -> Follow 😉 This week's stories: New York’s Empire Cannabis Club to Take Regulators to Court After Recent Raids Tilray has reported narrowing losses during its fourth quarter while sales came in well above analyst estimates, leading to a bump in stock price. An amendment has been approved by the U.S. House of Represent...

Are you following the podcast yet? If not, why not? Correct this at once, here -> Follow 😉 This week's stories: In a bid to super charge the cannabis retail market, New York’s Office of Cannabis Management has announced the approval of cannabis farmers markets and has issued 212 new provisional retail licenses. A 2024 ballot initiative to legalise adult use of cannabis could see Florida generate...

Are you following the podcast yet? If not, why not? Correct this at once, here -> Follow 😉 This week's stories: Reports have emerged of two Empire Cannabis Club locations in New York being raided by authorities.  Senate Majority Leader Chuck Schumer has issued a cautionary note to his colleagues about the challenges ahead in passing the Secure and Fair Enforcement (SAFE) Banking Act. The month of...

Are you following the podcast yet? If not, why not? Correct this at once, here -> Follow 😉 This week's stories: Canopy Growth, the embattled cannabis giant, announced this week that it was undertaking several moves to improve its liquidity and pay down its debt. After hitting a 52-week low on Friday, falling 11%, Canopy’s shares jumped more than 50% in the US on Monday following the news, Motley...

Are you following the podcast yet? If not, why not? Correct this at once, here -> Follow 😉 This week's stories: For the second time in two months, Wisconsin lawmakers have voted against a bill that would have introduced adult use cannabis – despite voter support. Canopy Growth Corporation has confirmed it has now completed the sale of its facility in Modesto, CA. North American cannabis operator...

Are you following the podcast yet? If not, why not? Correct this at once, here -> Follow 😉 This week's stories: New Hampshire to Establish Commission to Review State-Run Cannabis Sales Model California Cannabis Programs see $4.1 million Funding Support Nevada Introduces New Cannabis Regulations Check out all the main headlines on our website at businessofcannabis.com   Business of Cannabis: New Y...

Are you following the podcast yet? If not, why not? Correct this at once, here -> Follow 😉 This week's stories: Each of New York's unlicensed sellers now faces fines of up to $10,000 every day, while the state’s tax and finance department is able to issue additional civil penalties to businesses which don’t pay applicable cannabis taxes, according to MJBiz Daily The US Government is now ‘banking...

Are you following the podcast yet? If not, why not? Correct this at once, here -> Follow 😉 This week's stories: New York’s Senate has approved a bill that would provide tax relief to New York City cannabis businesses, reports Marijuana Moment MJ Biz Daily reports that Maryland has launched an $80 million funding programme that will offer grants and loans to help existing medical cannabis companie...

Are you following the podcast yet? If not, why not? Correct this at once, here -> Follow 😉 This week's stories: Minnesota Democratic Gov. Tim Walz signed a bill Tuesday to legalize recreational cannabis for people over the age of 21 starting in August, reports Huron Daily Tribune . As reported by Marijuana Moment , Florida’s Supreme Court is taking first steps to consider a legal challenge from A...

Are you following the podcast yet? If not, why not? Correct this at once, here -> Follow 😉 This week's stories: States across the U.S. have collected a combined total of more than $15.1 billion in tax revenue from adult-use cannabis sales since 2014, reports Local News 8.  Market Watch reports that Canopy Growth Corp.’s U.S.-listed stock rose 7% Monday after the Canadian cannabis company outlined...

Are you following the podcast yet? If not, why not? Correct this at once, here -> Follow 😉 This week's stories: Proactive Investors reports that numerous testimonies in favor of the SAFE Banking Act were not enough to push cannabis stocks higher on Thursday. Investopedia explores the best cannabis stocks in May 2023, highlighting that CRLBF, SNDL and GTBIF are taking the lead for value, growth an...

Are you following the podcast yet? If not, why not? Correct this at once, here -> Follow 😉 This week's stories: Cannabis operators paid over $1.8 billion in additional taxes as compared to ordinary businesses – which is forecasted to increase to $2.1 billion in 2023, reports Benzinga . Marijuana Moment reports that a bill that would have authorized Maine’s governor to enter into agreements with o...

Are you following the podcast yet? If not, why not? Correct this at once, here -> Follow 😉 This week's stories: The Safe Banking Act Is Finally Headed For First U.S. Senate Vote Republican speaker of the U.S. House of Representatives agrees to hold a debate and vote on federal legalisation .  Delaware becomes the 22nd U.S. state to legalise adult-use cannabis, without Gov. John Carney’s signature...

Are you following the podcast yet? If not, why not? Correct this at once, here -> Follow 😉 This week's stories: Cannabis company and liquor retailer, SNDL Inc., had a record net revenue of $240.4 million in Q4 – 4% higher than in the previous quarter and more than 10x its Q4 2021 sales, reports Fintel . According to New Cannabis Ventures , total sales throughout 2022 were up 17.9% to $4.52bn, and...

Are you following the podcast yet? If not, why not? Correct this at once, here -> Follow 😉 This week's stories: Writing for Business of Cannabis , Scott Mazza, Co-Founder and COO of Buffalo’s Vitality CBD explores the next steps for New York’s cannabis retailers after a federal court upheld an injunction blocking the state’s cannabis dispensary rollout in five regions earlier this year. A strong...

Are you following the podcast yet? If not, why not? Correct this at once, here -> Follow 😉 This week's stories: Tilray Brands will acquire its rival HEXO Corp for US$56 million through the issuance of 0.4352 Tilray shares for each outstanding HEXO share, reports Proactive Investors . Marijuana Moment reports that Connecticut saw a record $22 million in combined recreational and medical cannabis s...

Are you following the podcast yet? If not, why not? Correct this at once, here -> Follow 😉 This week's stories: The state of Kentucky has legalized the use of medical cannabis on Friday after a decade of failed attempts in the state legislature, making it the 38th state in the U.S. to legalize for medical use, reports People. Marijuana Moment reports that both chambers of the Washington State leg...