The U.S. Virgin Islands is the most recent region in the nation to end cannabis prohibition after Governor Albert Bryan Jr. formally signed two bills legalizing marijuana and facilitating cannabis expungements. Bryan signed the bill just a few days before its 10-day deadline. He also used the occasion to issue a proclamation allowing people to seek pardons for previous cannabis…
In April 2021, New York legalized recreational cannabis sales for people aged 21 and older, becoming the 15th state in the country to approve adult-use cannabis sales. Eligible New Yorkers would now be able to possess up to three ounces of cannabis or 24 grams of concentrates with no legal repercussions. While the legislation didn’t outline a specific schedule for…
Last week, the state of New Jersey released ITS latest sales figures, which show that adult-use cannabis sales surpassed $100 million for the first time during the third quarter of this fiscal year. New Jersey’s adult-use market was officially launched in April of this year. During the first 10 weeks of sales, the state raked in almost $5 million in…
Historically, cannabis has been one of the most criminalized drugs in America. Thanks to the drug war, people who ran afoul of federal cannabis law were policed harshly by law enforcement and given extremely harsh sentences, especially people of color. In fact, research has shown that there is a clear bias in applying cannabis laws, with Black people being four…
Floridians could be able to purchase and use recreational cannabis legally in the next few years if a proposed constitutional amendment that was filed last week is successful. Backed by country-music duo the Bellamy Brothers and Trulieve, currently the largest medical-cannabis operator in Florida, the measure would legalize the use of recreational marijuana by people aged 21 and older. The…
Flora Growth Corp. (NASDAQ: FLGC) (“Flora” or the “Company”), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, announced today that the Company met with the author of a new bill to legalize recreational cannabis on the day the legislation was introduced to Congress. Flora’s Chairman and CEO Luis Merchan met with Colombian Sen. Gustavo Bolivar…
Flora Growth’s (NASDAQ: FLGC) CEO Luis Merchan recently met with Senator Gustavo Bolivar, a Colombian representative who introduced a bill that creates the framework for recreational cannabis in the state. The bill was introduced on July 20, 2022, the same day that Merchan and Bolivar met. The two gentlemen met before Bolivar, a key author of the bill, introduced the…
On March 31, 2021, New York became the 15th state to legalize recreational cannabis with passage of the Marijuana Regulation and Taxation Act (MRTA). As we wrote in 2020, it appeared New York was close to giving recreational cannabis the green light in 2019, but efforts failed in the waning days of that year’s legislative […] READ MORE: https://www.newcannabisventures.com/new-york-state-makes-incremental-steps-toward-recreational-cannabis-sales/
Prescription drugs have got to be among the most influential human inventions of all time. Thanks to these medications, people have been able to recuperate from illnesses and injuries that would have otherwise taken their lives. However, prescription medications aren’t without risk. Some of these medications have such serious side effects that they actually reduce the quality of life of…
A recent report shows that last year states which had legalized cannabis for adult-use cumulatively raked in more than $3.7 billion in tax revenue from recreational marijuana sales. This report follows up on an analysis the Marijuana Policy Project released at the start of this year, which examined the total adult-use marijuana tax revenue collected by all the states that…
The Valens Company Inc. provided an update on its recent recreational market share in Canada. Tyler Robson, CEO, co-founder and chair of The Valens company, stated “We have shown strong quarter-over-quarter growth, as we continue to execute on our business strategy across all our brands in the Canadian recreational market. Furthermore, with the recent launch of Versus ready-to-drink seltzers, our Contraband ultra-premium flower offering, CNDYLND, and…
Transferring Canadian B2C Medical Cannabis Business to Medicibis Better Aligns Resources to More Promising, Near-Term Opportunities TORONTO — Lifeist Wellness Inc. (“Lifeist” or the “Company”) (TSXV: LFST) (FRANKFURT: M5B) (OTCMKTS: NXTTF), a health-tech company that leverages advancements in science and technology to enable you to find your path to wellness, today announced a strategic move designed to continue to sharpen…