The CEO of the financial giant JPMorgan Chase says the company “probably would” start providing banking services to marijuana businesses if federal law changed to permit it. As the new Congress gets to work, cannabis industry stakeholders are holding out hope for another bipartisan push to advance marijuana banking legislation. And the head of the
BC Bud Co expands private placement to $1.5M
Vancouver-based BC Bud Corporation (CSE: BCBC) is increasing its non-brokered private placement to $1.5 million from $1 million, citing strong investor demand. The cannabis producer, formerly Entheos Capital Corp, closed a second tranche raising $511,275 through the sale of 6.8 million units at $0.075 each, according to a Thursday news …
Cannabis REIT pitches new $10M offering with lofty goals
A small cannabis real estate trust is making another run at raising millions from investors, with lofty promises of returns despite a track record implying otherwise. UC Asset LP (OTCQB: UCASU) announced plans this week to raise up to $10 million through a Regulation A offering. The Georgia-based real estate …
Are cannabis cafes coming to Connecticut?
Connecticut House of Representatives by Rep. Aundré Bumgardner, D-Groton and Stonington, has introduced a bill to amend the cannabis law to allow cannabis cafes and restaurants. The sparse on-sentence bill would permit the opening of lounges that would offer cannabis-infused food items, beverages and other products. Twelve states out of …
Pure Cannabis ETF trims Green Thumb Industries’ position, but it isn’t personal
The social media platform X has certainly seen its fair share of word battles between cannabis executives and the latest has had many eating popcorn. Green Thumb Industries Inc. (OTC: GTBIF) CEO Ben Kovler has been very vocal on the site about the AdvisorShares Pure Cannabis ETF (NASDAQ: MSOS) inner …
Banning Texas hemp could backfire, experts warn
Proposals to ban hemp-derived cannabinoids in Texas would only push a multibillion-dollar market underground while straining law enforcement resources, according to a new report. The analysis, from Rice University’s Baker Institute for Public Policy, came in the wake of Texas Lt. Gov. Dan Patrick pushing legislation that would prohibit the …
Colorado cannabis sales plummet to seven-year low
With dispensaries pulling in just $1.28 billion through November 2024, the Colorado cannabis market is on track to miss a key benchmark for the first time in seven years. Unless December sales topped $200 million – an unlikely scenario based on December’s $19.1 million tax haul – 2024 will mark …
Connecticut cannabis operator’s $1.3M fire claim goes up in smoke
A fire that destroyed nearly 1,000 marijuana plants won’t cost Connecticut’s first licensed cultivator’s insurance company $1.3 million after all. A federal judge ruled last week that National Fire & Marine Insurance Co., a Berkshire Hathaway unit, does not owe Theraplant LLC business interruption coverage for the 2020 incident, finding …
Analysis: Consumers Engage in Greater Levels of Physical Activity on Days They Consume Cannabis
Study participants typically engaged in 31 more minutes of physical activity on days they consumed cannabis. The post Analysis: Consumers Engage in Greater Levels of Physical Activity on Days They Consume Cannabis appeared first on […]
Study: Patients Report Significant Reductions in Pain Following Cannabis Use
On average, patients reported a three-point reduction in their pain scores following cannabis use. The post Study: Patients Report Significant Reductions in Pain Following Cannabis Use appeared first on NORML.
Survey: CBD Dosing Associated With Symptom Improvements in Patients With Inflammatory Bowel Disease
Researchers concluded “CBD users reported decreases in IBD-related pain and nausea (76 percent and 64 percent, respectively), and improvement in appetite (60 percent).” The post Survey: CBD Dosing Associated With Symptom Improvements in Patients With […]
Aurora Cannabis Launches First Domestically Grown Medical Cannabis Brand in Germany Under New Cultivation License
Investment in the region continues with the launch of IndiMed, the company’s first locally grown brand in Germany. …
Missouri lawmakers see drinks as middle ground for hemp controls
A tug-of-war over regulating intoxicating hemp products in Missouri has taken a turn as the state’s largest cannabis trade group backs lighter controls on hemp beverages while supporting tighter oversight of edibles and vapes. The language proposal for Senate Bill 52 would cap THC content at five milligrams per can …
Indigenous Cannabis Industry Association Advances Equity in the Cannabis Industry in 2024
An eventful year was characterized by increased membership, leadership gatherings and international speaking engagements, all on behalf of the future of Indigenous communities in cannabis …
Mango Cannabis Opens Largest Dispensary In New Mexico Sunland Park Home to 9,000-Square-Foot Superstore
The 9,000-square-foot superstore was built with the ability to process 2,000 to 3,000 orders a day. …
New California cannabis trade group aims for tax reform, hemp regulations
Several hundred California cannabis retailers, tired of the regulatory status quo and worried about an upcoming tax hike, have banded together to form yet another trade organization to lobby lawmakers in Sacramento, several of the organizers told Green Market Report this week. The new trade organization, dubbed the California Cannabis …
Sky Labs in Hot Water Again, Allegedly Possessing More Than 2,000 Pounds of Hemp-Derived Isolate
Michigan’s Cannabis Regulatory Agency filed a new formal complaint against the adult-use cannabis processor based on infractions involving THCA hemp isolate, missing COAs, and combining untested isolate with distillate, among others. …
Study: Las Vegas casino industry missing out on cannabis dollars
Even as Nevada casinos draw millions of tourists, a fear of federal oversight has created artificial barriers between the state’s gaming and cannabis industries, leading to missed business opportunities and confused operators trying to navigate the divide, according to a new study. The report from University of Nevada, Las Vegas, …
Maryland governor names new cannabis czar
Maryland’s top marijuana regulatory agency is poised to get a new leader, pending confirmation by the state legislature, the state’s governor announced on Wednesday. Tabatha Robinson, executive deputy director of economic development for the New York Office of Cannabis Management, will take over the Maryland Cannabis Administration post effective Feb. …
Industry remains cautious about DEA chief due to past statements
This week, a new acting chief Derek Maltz was named to the Drug Enforcement Administration, and despite previous negative comments from Maltz, the cannabis industry’s response remains cautious. Many in the industry viewed departing Chief Anne Milgram negatively, blaming her for slow walking the rescheduling of cannabis. She didn’t move …