Search: Cannabis

420 with CNW — American Medical Association Approves Measure on Expungement of Cannabis Records

Millions of Americans across the country with cannabis-related offenses on their records may soon have the offenses expunged after the largest professional association of physicians in the United States passed a resolution in favor of expunging marijuana-related offenses. Last week, the American Medical Association (AMA) announced that it had passed a measure that would require states that have either decriminalized…

NCV Indices Demonstrate That the Weakness in Cannabis Stocks Is Broad

As we described in an earlier article, the Global Cannabis Stock Index closed in June at its worst level ever, falling 23.1% and moving to a drop of more than 55% in 2022. In this exclusive article we will summarize the performance of the other managed indices that New Cannabis Ventures offers to its readers. We will discuss the […] READ MORE: https://www.newcannabisventures.com/ncv-indices-demonstrate-that-the-weakness-in-cannabis-stocks-is-broad/

Canadian Cannabis Companies Report Continued Slowing Revenue Growth in June

The Public Cannabis Company Revenue & Income Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis companies. June was a light month for reporting. Tracker Rules This data-driven, fact-based tracker will continually update based on new financial filings so that readers can stay up to date. Companies must file with the SEC […] READ MORE: https://www.newcannabisventures.com/canadian-cannabis-companies-report-continued-slowing-revenue-growth-in-june/

Global Cannabis Stock Index Takes Out Pandemic Lows in June

The Global Cannabis Stock Index was beaten up in June, its 16th consecutive monthly decline. It closed at the lowest close ever as the index fell 23.1% to 14.76. The weakness in the index follows a 26% decline in 2021 and has left the index down 55.1% thus far in 2022. For Q2, the drop was […] READ MORE: https://www.newcannabisventures.com/global-cannabis-stock-index-takes-out-pandemic-lows-in-june/

420 with CNW — New Congressional Measure Will Enable Cannabis Companies to List on Stock Exchanges

A pair of congressmen has introduced a bipartisan bill that seeks to allow cannabis companies to be listed on national stock exchanges. The bill would also grant the industry access to crucial financial services like banking, solving an issue that has plagued the industry since its inception. Rep. Guy Reschenthaler and Rep. Troy Carter are the cosponsors of the Capital…

420 with CNW — House Panel Asks Military to Reconsider Cannabis Penalties for Soldiers

Federal law prohibits American servicemembers from consuming cannabis. A 2018 notice declares that although dozens of states have legalized cannabis for medical or recreational purposes, federal law restricts military members from using cannabis, CBD (cannabidiol), any cannabinoid derivatives and THC-infused products. The notice also states that the ingestion of hemp and hemp-seed derivatives was prohibited because they could contain trace…

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Signs LOI Outlining Minority Stake Acquisition of Cannabis Cultivation Property

Sugarmade (OTC: SGMD), an emerging leader in the vertically integrated cannabis sector, has taken steps toward a 40% acquisition of the business and associated property known as RMI Ventures (d/b/a Jerusalem Grade Farm). SGMD signed a letter of intent (“LOI”) agreeing to complete a definitive acquisition agreement that would make Sugarmade a minority owner of RMI Ventures with 40% control…

Flora Growth Corp. (NASDAQ: FLGC) Anticipates Continued Growth for Cannabis Operations Under New Colombian Administration

Flora Growth is a cannabis cultivator and distributor with a base of operations in Colombia’s fertile growing climate, capable of feeding the company’s expanding international supply chain Colombia has undergone a number of regulatory changes in recent years as it emerges from the shadows of years-long drug wars and embraces a growing global acceptance of cannabis products The South American…

JW Asset Management Leads $9M Series A for Mike Tyson’s Cannabis Brand

Round Led by JW Asset Management to Advance House of Brands Strategy Tyson 2.0 is Licensed in over 20 States and has Sold Over 4,000 lbs of Cannabis Flower ORANGE COUNTY, Calif., June 30, 2022 /PRNewswire/ — Tyson 2.0 (“The Company”), iconic boxer, entrepreneur and cannabis advocate Mike Tyson’s cannabis brand, has taken the nation […] READ MORE: https://www.newcannabisventures.com/jw-asset-management-leads-9m-series-a-for-mike-tysons-cannabis-brand/

Sugarmade Announces Fully Executed LOI Toward Minority Stake Acquisition of Turnkey Cannabis Cultivation Property

LOI provides for substantial stake in turnkey property, licensing, operations and associated equipment LOI provides for substantial stake in turnkey property, licensing, operations and associated equipment READ MORE: https://www.globenewswire.com/news-release/2022/06/30/2472143/0/en/Sugarmade-Announces-Fully-Executed-LOI-Toward-Minority-Stake-Acquisition-of-Turnkey-Cannabis-Cultivation-Property.html

420 with CNW — Congressional Leaders Seek to Give Indian Tribes Cannabis Protections

Several congressional leaders are looking to include language that would protect Native American tribes from being penalized by the federal government for legalizing cannabis within their territories in a variety of funding bills. In 2014, the federal government stated that tribes were allowed to grow and sell cannabis as long as they followed the same federal guidelines set for states…