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

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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 TerrAscend is set to see its shares listed on the Toronto Stock Exchange (TSX) next week.

Check out all the main headlines on our website at businessofcannabis.com

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Cannabis Europa 

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About Cannabis Daily.

Cannabis Daily is a cannabis news and interview program from Business of Cannabis. We highlight the companies, brands, people and trends driving the cannabis industry.

Business of Cannabis is a cannabis industry platform marrying cannabis news, video and podcast content, newsletters and online and real-world cannabis events.

Visit Business of Cannabis online:
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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

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Cannabis Europa 

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About Cannabis Daily.

Cannabis Daily is a cannabis news and interview program from Business of Cannabis. We highlight the companies, brands, people and trends driving the cannabis industry.

Business of Cannabis is a cannabis industry platform marrying cannabis news, video and podcast content, newsletters and online and real-world cannabis events.

Visit Business of Cannabis online:
http://businessofcannabis.com

Twitter: https://twitter.com/bofc_media
LinkedIn: https://www.linkedin.com/company/businessofcannabis
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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 cannabis, whether they know it or not’ following the collapse of Signature Bridge Bank.
• Senator Wants Marijuana Laws To Block Amazon And Big Tobacco
• Connecticut records $23 million in cannabis sales in May

Check out all the main headlines on our website at businessofcannabis.com

Business of Cannabis: New York | U.S. Cannabis Conference (cannabisnewyork.live)
Cannabis Europa 

Tweet us and let us know your thoughts on today's episode, here.

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Missed the previous episode? You can catch up with it here. 

About Cannabis Daily.

Cannabis Daily is a cannabis news and interview program from Business of Cannabis. We highlight the companies, brands, people and trends driving the cannabis industry.

Business of Cannabis is a cannabis industry platform marrying cannabis news, video and podcast content, newsletters and online and real-world cannabis events.

Visit Business of Cannabis online:
http://businessofcannabis.com

Twitter: https://twitter.com/bofc_media
LinkedIn: https://www.linkedin.com/company/businessofcannabis
Instagram: https://instagram.com/businessofcannabis
Facebook: https://www.facebook.com/bofcmedia
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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 companies move into the state’s impending adult-use cannabis market
• Benzinga reports that Illinois adult use cannabis sales experienced a minimal increase in May compared to April.
• S&P Dow Jones has announced Canopy Growth will be removed from the S&P/TSX Composite Index, reports MJ Biz Daily
• Marijuana Moment reports that Minnesota’s tribal government may get a head start selling cannabis for the adult-use market before private businesses are approved by regulators.

And more!

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Cannabis Europa 

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Missed the previous episode? You can catch up with it here. 

About Cannabis Daily.

Cannabis Daily is a cannabis news and interview program from Business of Cannabis. We highlight the companies, brands, people and trends driving the cannabis industry.

Business of Cannabis is a cannabis industry platform marrying cannabis news, video and podcast content, newsletters and online and real-world cannabis events.

Visit Business of Cannabis online:
http://businessofcannabis.com

Twitter: https://twitter.com/bofc_media
LinkedIn: https://www.linkedin.com/company/businessofcannabis
Instagram: https://instagram.com/businessofcannabis
Facebook: https://www.facebook.com/bofcmedia
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Podcasts Online: https://bofc.me/bofclive

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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 Attorney General Ashley Moody (R), who is seeking to invalidate a cannabis legalization initiative that an industry-funded campaign is seeking to place on the 2024 ballot.
• MJ Biz Daily reports that Canopy Growth has reached a deal to acquire a 19.99% stake in edibles maker Indiva.
• Texas House-passed bills to decriminalize cannabis, facilitate expungements and allow chronic pain patients to access medical cannabis as an opioid alternative are officially dead for the year, reports Marijuana Moment.
• MJ Biz Daily reports that First-quarter cannabis sales in California slid to $1,249,584,223, the lowest quarterly total since the onset of the COVID-19 pandemic.
• Canada’s Competition Bureau has expressed its support for changes to cannabis legislation in order to boost competition and displace the illicit market, Proactive Investors reported.

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Cannabis Europa 

Tweet us and let us know your thoughts on today's episode, here.

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Missed the previous episode? You can catch up with it here. 

About Cannabis Daily.

Cannabis Daily is a cannabis news and interview program from Business of Cannabis. We highlight the companies, brands, people and trends driving the cannabis industry.

Business of Cannabis is a cannabis industry platform marrying cannabis news, video and podcast content, newsletters and online and real-world cannabis events.

Visit Business of Cannabis online:
http://businessofcannabis.com

Twitter: https://twitter.com/bofc_media
LinkedIn: https://www.linkedin.com/company/businessofcannabis
Instagram: https://instagram.com/businessofcannabis
Facebook: https://www.facebook.com/bofcmedia
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Podcasts Online: https://bofc.me/bofclive

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 its latest steps to enter the U.S. market.
• A coalition of cannabis advocacy groups, known as SAFE Banking for Equity, is demanding that senators expand financial inclusion and a rightful place for cannabis businesses on senior U.S. stock exchanges, reports Benzinga.
• Minnesota Gov. Tim Walz will sign an adult-use cannabis legalization bill into law that also allows cannabis companies to sell hemp-derived products including those that contain delta-8 THC, reports MJ Biz Daily.
• Marijuana Moment reports that a new federally funded study illustrates the difficulty of developing a breathalyzer-like device for cannabis.
• Fewer research analysts are covering the U.S. cannabis industry, reports MJ Biz Daily.

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Cannabis Europa

Tweet us and let us know your thoughts on today's episode, here.

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Missed the previous episode? You can catch up with it here. 

About Cannabis Daily.

Cannabis Daily is a cannabis news and interview program from Business of Cannabis. We highlight the companies, brands, people and trends driving the cannabis industry.

Business of Cannabis is a cannabis industry platform marrying cannabis news, video and podcast content, newsletters and online and real-world cannabis events.

Visit Business of Cannabis online:
http://businessofcannabis.com

Twitter: https://twitter.com/bofc_media
LinkedIn: https://www.linkedin.com/company/businessofcannabis
Instagram: https://instagram.com/businessofcannabis
Facebook: https://www.facebook.com/bofcmedia
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Apple: http://bofc.me/applepod
Podcasts Online: https://bofc.me/bofclive

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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 and performance, respectively

New Hampshire’s Republican governor announced that he would sign an alternative proposal to enact legalization through a system of state-run stores, reports Marijuana Moment.

A top California marijuana official says that the U.S. already has an established interstate cannabis market but it has just been unregulated, reports Marijuana Moment.

Nearly 50 employees from Advance Grow Labs have formed the first cannabis union in Connecticut, reports MJ Biz Daily.

Nationally, including medical and recreational markets, concentrate sales have jumped from some $1.9 billion in 2020 to $2.4 billion in 2022, reports MJ Biz Daily.

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Cannabis Europa

Tweet us and let us know your thoughts on today's episode, here.

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Missed the previous episode? You can catch up with it here. 

About Cannabis Daily.

Cannabis Daily is a cannabis news and interview program from Business of Cannabis. We highlight the companies, brands, people and trends driving the cannabis industry.

Business of Cannabis is a cannabis industry platform marrying cannabis news, video and podcast content, newsletters and online and real-world cannabis events.

Visit Business of Cannabis online:
http://businessofcannabis.com

Twitter: https://twitter.com/bofc_media
LinkedIn: https://www.linkedin.com/company/businessofcannabis
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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 other legal cannabis states to allow interstate cannabis commerce has been rejected.
• Marijuana Moment reports that The American Bankers Association (ABA) is renewing its call for the passage of the Secure and Fair Enforcement (SAFE) Banking Act that was refiled last month.
• California’s Task Force to Study and Develop Reparation Proposals for African Americans has recommended USD$228 billion in reparations for those affected by the war on drugs, reports Benzinga.
• Benzinga reports that Delaware recently enacted two bills which make it the 22nd state to fully legalize recreational cannabis.

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Cannabis Europa

Tweet us and let us know your thoughts on today's episode, here.

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Missed the previous episode? You can catch up with it here. 

About Cannabis Daily.

Cannabis Daily is a cannabis news and interview program from Business of Cannabis. We highlight the companies, brands, people and trends driving the cannabis industry.

Business of Cannabis is a cannabis industry platform marrying cannabis news, video and podcast content, newsletters and online and real-world cannabis events.

Visit Business of Cannabis online:
http://businessofcannabis.com

Twitter: https://twitter.com/bofc_media
LinkedIn: https://www.linkedin.com/company/businessofcannabis
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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. 

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Business of Cannabis: NYC Sessions

Tweet us and let us know your thoughts on today's episode, here.

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Missed the previous episode? You can catch up with it here. 

About Cannabis Daily.

Cannabis Daily is a cannabis news and interview program from Business of Cannabis. We highlight the companies, brands, people and trends driving the cannabis industry.

Business of Cannabis is a cannabis industry platform marrying cannabis news, video and podcast content, newsletters and online and real-world cannabis events.

Visit Business of Cannabis online:
http://businessofcannabis.com

Twitter: https://twitter.com/bofc_media
LinkedIn: https://www.linkedin.com/company/businessofcannabis
Instagram: https://instagram.com/businessofcannabis
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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 have increased by 13.5% so far in 2023 despite February’s dip.
• As Forbes reports, the Governor John Carney announced on Friday (April 21) that while his view that the full legalization of recreational cannabis was not a step in the right direction had not changed, ‘it’s time to move on’.
• Two state senators in Louisiana have said a recently passed bill to roll back the limit of THC that can be contained in consumable hemp products saw the Legislature ‘unknowingly create a recreational THC market’.

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About Cannabis Daily.

Cannabis Daily is a cannabis news and interview program from Business of Cannabis. We highlight the companies, brands, people and trends driving the cannabis industry.

Business of Cannabis is a cannabis industry platform marrying cannabis news, video and podcast content, newsletters and online and real-world cannabis events.

Visit Business of Cannabis online:
http://businessofcannabis.com

Twitter: https://twitter.com/bofc_media
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