@Cannaecuador

Marijuana Seizures At U.S.–Mexico Border Continue To Fall As More States Legalize, Federal Data Shows

As the state marijuana legalization movement continues to expand, seizures of cannabis at southern border declined again in 2023, according to data from U.S. Customs and Border Protection (CBP). The latest figures show agents intercepted roughly 61,000 pounds of cannabis in the region—a 29 percent drop from the year before.... Read more

Published on: 2024-05-08

Source: Noticias Cannabis

By Ben Adlin

Pennsylvania GOP Senator Says State Is ‘Getting Close’ To Legalizing Marijuana, But Lawmakers Must ‘Work It Out’ With Governor

A Pennsylvania GOP senator says the state is “getting close” to legalizing marijuana, but the job will only get done if House and Senate leaders sit down with the governor and “work it out.” At a rally organized by ResponsiblePA on Tuesday, Sens. Dan Laughlin (R), Sharif Street (D) and... Read more

Published on: 2024-05-08

Source: Noticias Cannabis

By Kyle Jaeger

States Have Generated Over $20 Billion In Marijuana Tax Revenue Since First Markets Opened, New Report Finds

States have now generated more than $20 billion in adult-use marijuana tax revenue since the first markets opened a decade ago, according to a new report from a top cannabis reform advocacy group. The Marijuana Policy Project (MPP) also said that in 2023 alone, states collected over $4 billion in... Read more

Published on: 2024-05-08

Source: Noticias Cannabis

By Kyle Jaeger

Alabama Senator Calls State Medical Cannabis Commission A ‘Money Pit’ Amid Ongoing Litigation

“I don’t know what the problems are, but we need to get that resolved over there or we are going to have to do something legislatively to correct this.” By Ralph Chapoco, Alabama Reflector The head of the Senate’s General Fund budget committee last week vented frustration at the Alabama... Read more

Published on: 2024-05-08

Source: Noticias Cannabis

By Marijuana Moment

Vermont Lawmakers Send Bill To Legalize And Fund Safe Drug Consumption Site To Governor’s Desk

Lawmakers in Vermont have passed legislation to legalize and fund a Burlington facility where people could use currently prohibited substances in a medically supervised environment—part of a pilot program aimed at quelling the state’s ongoing epidemic of drug-related deaths. The measure now heads to the desk of Gov. Phil Scott... Read more

Published on: 2024-05-08

Source: Noticias Cannabis

By Ben Adlin

Congressional Researchers Say It’s ‘Likely’ Marijuana Will Be Rescheduled, But It Wouldn’t Fix Federal-State Policy Gap

It “appears likely” that the federal government will reschedule marijuana, congressional researchers say in a new report. But Congress still has the authority to address the federal-state cannabis policy gap “before or after” that reform is enacted. Days after the Justice Department announced that it was moving forward with plans... Read more

Published on: 2024-05-08

Source: Noticias Cannabis

By Kyle Jaeger

Verano Q1 Revenue Falls

Verano Announces First Quarter 2024 Financial Results Generated $221 Million in Revenue, Exceeding Guidance Increased Gross Profit Margin by Nearly 300 Basis Points Year Over Year CHICAGO, May 08, 2024 (GLOBE NEWSWIRE) — Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company,... Read more

Published on: 2024-05-08

Source: Cannabis Feed

By NCV Newswire

DEA head ducks cannabis questions from Congress (Newsletter: May 8, 2024)

IRS on SAFE Banking; Congressman’s marijuana memo; NH gov on legalization; GA cannabis in pharmacies; SD ballot; AK psychedelics; FDA MDMA meeting Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. Your... Read more

Published on: 2024-05-08

Source: Noticias Cannabis

By Tom Angell

Cannabis Can Help Treat Female Orgasmic Disorder, Study Finds As Ohio Officials Consider Adding It As Qualifying Condition

Ahead of a decision by Ohio officials on whether to add female orgasmic disorder (FOD) as a qualifying condition for the state’s medical marijuana program, a new study highlights the benefits that researchers say cannabis could offer people with the condition—including increased orgasm ease and satisfaction. The 10-page study, published... Read more

Published on: 2024-05-07

Source: Noticias Cannabis

By Ben Adlin

South Dakota Marijuana Activists Turn In Signatures To Put Legalization On The November Ballot

South Dakota activists have officially turned in what they believe will be more than enough valid signatures to put a marijuana legalization initiative on the state’s ballot for the third time this November. South Dakotans for Better Marijuana Laws (SDBML) delivered 29,030 signatures to the secretary of state’s office on... Read more

Published on: 2024-05-07

Source: Noticias Cannabis

By Kyle Jaeger

Closed-Door Negotiations With Minnesota Governor Could Make Tribal Nations Major Players In State’s Marijuana Market

“I never expected that all of the cannabis that they would grow would stay on reservation lands, that they would only be sold on reservation lands.” By Peter Callaghan, MinnPost Ongoing negotiations between Gov. Tim Walz (D) and a group of Minnesota tribal nations could make the tribes major players... Read more

Published on: 2024-05-07

Source: Noticias Cannabis

By Marijuana Moment

Democratic Congressman Lays Out New Marijuana Agenda To Reflect Renewed ‘Optimism’ Amid Rescheduling Move

With the federal government moving to reschedule marijuana, a Democratic congressman has issued a new memo on cannabis reform priorities to reflect renewed “optimism for the path ahead”—laying out suggestions to advance the issue both in Congress and administratively. Rep. Earl Blumenauer (D-OR), founding co-chair of the Congressional Cannabis Caucus,... Read more

Published on: 2024-05-07

Source: Noticias Cannabis

By Kyle Jaeger

Alaska Senate Panel Takes Up House-Passed Bill To Create Psychedelics Task Force In Anticipation Of Federal Legalization

Days after the Alaska House of Representatives approved a bill that would create a state task force to study how to license and regulate psychedelic-assisted therapy in the event of federal approval of substances such as MDMA and psilocybin, a Senate panel has already advanced the measure. The Senate Judiciary... Read more

Published on: 2024-05-07

Source: Noticias Cannabis

By Ben Adlin

Passing Marijuana Banking Bill Would Increase ‘Integrity And Quality Control’ In Financial System, IRS Commissioner Says

The head of the Internal Revenue Service (IRS) says marijuana industry banking access would make the agency’s job easier, and officials “shouldn’t just sit on our hands” as the federal government moves to reschedule cannabis. At a hearing before the House Appropriations Subcommittee on Financial Services and General Government on... Read more

Published on: 2024-05-07

Source: Noticias Cannabis

By Kyle Jaeger

FDA Expert Committee Will Review MDMA-Assisted Therapy For PTSD Next Month

The Food and Drug Administration (FDA) is taking the next step in its historic review of MDMA-assisted therapy for the treatment of post-traumatic stress disorder (PTSD), scheduling a meeting next month where an expert committee will examine the evidence behind the application. Lykos Therapeutics (formerly MAPS Public Benefit Corporation) announced... Read more

Published on: 2024-05-07

Source: Noticias Cannabis

By Kyle Jaeger

Georgians Have High Hopes That Rescheduling Will Make It Easier For Patients To Obtain Medical Marijuana Through Pharmacies

Medical marijuana businesses and regulators in Georgia are cheering last week’s announcement that the federal Drug Enforcement Administration (DEA) will move cannabis to Schedule III of the Controlled Substances Act (CSA). They say the change could expand patients’ access to marijuana through pharmacies, whereas it is currently available through just... Read more

Published on: 2024-05-07

Source: Noticias Cannabis

By Ben Adlin

DEA Head Tells Lawmakers It Would Be ‘Inappropriate’ To Comment On Marijuana Rescheduling Proposal Due To ‘Ongoing’ Administrative Process

The head of the Drug Enforcement Administration (DEA) told lawmakers on Tuesday that it would be “inappropriate” for her to comment on the agency’s recent marijuana rescheduling determination because the rulemaking process is “ongoing.” About a week after the Justice Department confirmed DEA is seeking to move cannabis from Schedule... Read more

Published on: 2024-05-07

Source: Noticias Cannabis

By Kyle Jaeger

Marijuana Rescheduling Will Make Republicans ‘More Comfortable’ Voting For Banking And Other Reforms, Former GOP Congressman Says

A former GOP congressman says he expects Republicans will be “more comfortable voting yes” for incremental marijuana reform measures like a banking access bill for the industry now that the administration is moving to reschedule cannabis. Former Rep. Rodney Davis (R-IL) and Congressional Cannabis Caucus co-founder Rep. Earl Blumenauer (D-OR)... Read more

Published on: 2024-05-07

Source: Noticias Cannabis

By Kyle Jaeger

New Hampshire Governor Will Sign Marijuana Legalization Bill If Senate Makes Changes, He Says

With a House-passed marijuana legalization bill now pending in the New Hampshire Senate, Gov. Chris Sununu (R) is repeating his warning that the proposal will only win his approval if lawmakers adopt further changes to align the plan with his wishes. “I laid out the eight or 10 things that... Read more

Published on: 2024-05-07

Source: Noticias Cannabis

By Ben Adlin

Ascend Wellness Beats Analyst Expectations in Q1

AWH ANNOUNCES Q1 2024 FINANCIAL RESULTS Achieved $142.4M Net Revenue in Q1 2024, a 25% Increase Year-Over-Year and 2% Increase Quarter-Over-Quarter Reported $32.5 million in Adjusted EBITDA, a 39% Increase Year-Over-Year Generated Positive Cash from Operations NEW YORK, May 7, 2024 /PRNewswire/ – Ascend Wellness Holdings, Inc. (“AWH,” or the... Read more

Published on: 2024-05-07

Source: Cannabis Feed

By NCV Newswire

FL GOP opposes cannabis ballot measure (Newsletter: May 7, 2024)

DEA rescheduling controversy; SD legalization sigs; MA & VT psychedelics; Lawyers push Biden on marijuana clemency; Cannabis entourage effect study Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. Your support makes... Read more

Published on: 2024-05-07

Source: Noticias Cannabis

By Tom Angell

DEA Administrator ‘Did Not Sign Off’ On Marijuana Rescheduling Order, Prohibitionist Group Says

The leader of a marijuana prohibitionist organization that accurately predicted last week’s cannabis rescheduling recommendation now says that sources inside the Drug Enforcement Administration (DEA) are telling him that Anne Milgram, the agency’s administrator, “did not sign off” on the landmark decision. “I can now say with full confidence that... Read more

Published on: 2024-05-06

Source: Noticias Cannabis

By Ben Adlin

Florida Medical Cannabis Patient Growth Is Slowing

Each week, Florida’s Office of Medical Marijuana Use (OMMU), which is part of the state’s Department of Health, releases data on the program, including an active patient count, a qualified physician count, new approvals and an update for each dispensary. That data includes the number of dispensaries and the weight... Read more

Published on: 2024-05-03

Source: Cannabis Feed

By Alan Brochstein, CFA

Canopy Growth Dilutes Its Stock After Big Rally

Canopy Growth Announces Financing to Further Strengthen Balance Sheet Including Approximately US$50 Million of New Gross Proceeds C$27.5 Millon of Debt Extended from 2025 to 2029 Providing Additional Balance Sheet Flexibility SMITHS FALLS, ON, May 3, 2024 /PRNewswire/ – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (Nasdaq:... Read more

Published on: 2024-05-03

Source: Cannabis Feed

By NCV Newswire

A New Bull Market?

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. We post this and all of... Read more

Published on: 2024-05-02

Source: Cannabis Feed

By Alan Brochstein, CFA

Hawthorne Sales Plunge Again

Scotts Miracle-Gro Reports Second Quarter Results Strong first half 2024 execution has Company on pace for full-year targets U.S. Consumer second quarter net sales of $1.38B equal record high Q2 2024 GAAP gross margin of 30.4% and non-GAAP adjusted gross margin of 35.3% reflect 350 and 60 basis point improvements,... Read more

Published on: 2024-05-01

Source: Cannabis Feed

By NCV Newswire

Global Cannabis Stock Index Retreats Before Bouncing Big

Cannabis stocks, as measured by the Global Cannabis Stock Index, exploded higher in late August on news that the Department of Health and Human Services had recommended to the DEA that it move cannabis from Schedule 1 to Schedule 3, and the move continued into September. October wiped out the entire... Read more

Published on: 2024-04-30

Source: Cannabis Feed

By Alan Brochstein, CFA

One Cannabis Sub-Sector Fell in April

As we described in a previous article, the Global Cannabis Stock Index exploded higher in April, rallying 14.6%. It is now up 44.4% in 2024. In this article, we summarize the performance of the other managed indices that New Cannabis Ventures offers to its readers. We discuss the performance of the American Cannabis Operator... Read more

Published on: 2024-04-30

Source: Cannabis Feed

By NCV Newswire

Earnings Season Set to Begin

The Public Cannabis Company Revenue & Income Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis companies. This update is our first since mid-March, when we reviewed the unexciting Q4 reports. Tracker Rules This data-driven, fact-based tracker will continually update based on new financial filings so that readers... Read more

Published on: 2024-04-27

Source: Cannabis Feed

By Alan Brochstein, CFA

The MSOs Are Pulling Back

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. We post this and all of... Read more

Published on: 2024-04-26

Source: Cannabis Feed

By Alan Brochstein, CFA

Canadian Cannabis Sales Drop Again

Statistics Canada released February retail sales for the country, with cannabis sales decreasing from the January levels, down 6.4% to C$376.2 million. On a per-day basis, sales sales rose 0.4%. January was revised higher to C$402.0 million. The sales were up just 3.3% from a year ago. This was down from the... Read more

Published on: 2024-04-24

Source: Cannabis Feed

By Alan Brochstein, CFA

Curaleaf Closes Canadian LP Acquisition for Initial $16 Million in Stock

Curaleaf Completes Acquisition of Northern Green Canada Bolsters Company’s Advantage in Several Key Emerging Markets, including Australia, New Zealand, Germany, Poland and the United Kingdom NEW YORK, April 22, 2024 /PRNewswire/ — Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) (“Curaleaf” or the “Company”), a leading international provider of consumer cannabis... Read more

Published on: 2024-04-22

Source: Cannabis Feed

By NCV Newswire

Canada Is Down Not Out

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. We post this and all of... Read more

Published on: 2024-04-19

Source: Cannabis Feed

By Alan Brochstein, CFA

Illinois Cannabis Sales Pick Up But Remain Slow

Illinois adult-use cannabis sales in March were up 9.8% sequentially to a $148.9 million, which was up by more than the increase in the length of the month. The gain was 10.4% from a year ago: After increasing 106% in 2021, 13% in 2022 and then 5% in 2023, year-to-date adult-use sales are... Read more

Published on: 2024-04-17

Source: Cannabis Feed

By Alan Brochstein, CFA

Florida Medical Cannabis Patient Growth Slows Again

Each week, Florida’s Office of Medical Marijuana Use (OMMU), which is part of the state’s Department of Health, releases data on the program, including an active patient count, a qualified physician count, new approvals and an update for each dispensary. That data includes the number of dispensaries and the weight... Read more

Published on: 2024-04-14

Source: Cannabis Feed

By Alan Brochstein, CFA

Michigan Cannabis Sales Surge

Michigan cannabis sales for March were up sequentially after rising in February. At $288.8 million, sales rose 10.6% sequentially and were a new record level. The sequential growth on a per-day basis was 3.5%. They were up 15.7% from a year earlier: The Michigan Cannabis Regulatory Agency breaks out sales by medical... Read more

Published on: 2024-04-12

Source: Cannabis Feed

By Alan Brochstein, CFA

You Can’t Count on Congress

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. We post this and all of... Read more

Published on: 2024-04-12

Source: Cannabis Feed

By Alan Brochstein, CFA

Tilray Q3 Cannabis Revenue Falls 5% Sequentially Again

Tilray Brands, Inc. Reports Q3 Fiscal 2024 Financial Results Achieved Net Revenue of $188 Million, ~ 30% Net Revenue Growth Over the Prior Year Quarter Beverage-Alcohol Net Revenue Increases 165% Over the Prior Year Quarter, 5th Largest Craft Beer Brewer in the U.S.1 with 4.5% Craft Beer Market Share Global... Read more

Published on: 2024-04-09

Source: Cannabis Feed

By NCV Newswire

The Delisting Risk

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. We post this and all of... Read more

Published on: 2024-04-05

Source: Cannabis Feed

By Alan Brochstein, CFA

Cannabis Sales Remain Slow

New Cannabis Ventures offers readers this easy-to-read exclusive summary of BDSA’s monthly cannabis sales data for 11 states. Cannabis sales increased 1.7% sequentially in February after plunging in January, according to cannabis data analytics firm BDSA. With two fewer days, the growth on a per-day basis was 8.7%. In this review,... Read more

Published on: 2024-04-03

Source: Cannabis Feed

By Alan Brochstein, CFA

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