Updated: 26.5.2023 16:13 Despite an ongoing trend of state-level cannabis legalization, the Drug Enforcement Administration (DEA) reported a surprising increase in marijuana plant seizures last year, while cannabis-related arrests significantly dropped. The DEA’s Domestic Cannabis Eradication/Suppression Program (DCE/SP) saw its highest number of plant seizures since 2011. However, the number of marijuana-related arrests dipped by 24 percent in 2022. Morgan Fox, NORML’s political director, attributed the high levels of cannabis eradication and interdiction to the continued federal prohibition ..read more

Last Updated: 19.5.2023 11:51 In a development that may concern investors in the cannabis industry, Singapore recently conducted its second execution in three weeks, hanging a man found guilty of trafficking cannabis. The 37-year-old Singaporean citizen, of ethnic Malay descent, faced his fate at Changi Prison, despite efforts to reopen his case. Increasing Use of Death Penalty for Drug Offences in Singapore The individual, whose identity remains undisclosed due to family privacy, was convicted in 2019 for trafficking approximately 1.5 kilograms (3.3 pounds) of cannabis. Although he confessed ..read more

Minnesota’s legislative progress towards cannabis legalization has taken a significant leap forward.  With a fresh poll demonstrating a firm majority support for legalization in the state, the first conference committee meeting was conducted recently to address differences in the marijuana legalization bills that passed the House and Senate previously. Some cannabis stocks may benefit in the states from this news, you can find other investment opportunities by clicking here.  The key advocates for the bill, Rep. Zack Stephenson (D) and Sen. Lindsey Port (D), expressed optimism about ..read more

Both parties have reintroduced the Secure and Fair Enforcement (SAFE) Banking Act, a bill that the cannabis sector considers vital for financial stability. The legislation is set to appear before the Senate Banking Committee, marking a crucial step towards the first-ever Senate vote on the measure. The bipartisan proposal aims to provide legal cannabis businesses with access to essential banking and financial services. Also Read: Tech Giants Shocking Earnings Reports  Aaron Smith, CEO of the National Cannabis Industry Association, discussed the SAFE Banking Act during a press conference ..read more

The Federal Legalization Vision Gets New Perspective as Equity Group Partners with Marijuana Regulators and Small Businesses As the vision of equity groups expands partnerships, marijuana regulators in the cannabis industry are looking for a path forward in the legalization movement. From three states, advocates and small business representatives at an upcoming event organized by a non-profit are focused on preventing corporate monopolization of the market. The Parabola Center for Law and Policy, has also just recently announced on Friday that it has partnered with 50 new organizations, inclu ..read more

Republican Senator Calls on Bankers to “Unleash an Army” of Lobbyists to Pass Marijuana Banking Bill – The “SAFE” Banking Act Although this act isn’t a new concept, one crucial issue that has remained a significant hurdle is the lack of access to banking services for cannabis-related businesses. The Secure and Fair Enforcement (SAFE) Banking Act, a proposed legislation aimed at addressing this problem, has gained a surprising ally in a Republican senator who is urging bankers to rally behind the bill. Let’s take a closer look at this development and its potential implications for the cannabis ..read more

Warren facility to become RWB’s central cannabis manufacturing, processing and distribution hub in Michigan, enabling distribution of RWB products to Michigan’s 400+ dispensaries — a $1.8 billion market where Platinum Vape was named a Biggest Brand by LeafLink and the #1 brand vape in Michigan by ArcView 15,000 sq. ft. fully built-out facility, with the latest edibles production equipment already installed, allows RWB to launch chocolates and gummies alongside Platinum Vape via the same distribution channel First 1000 lbs. of premium flower already received for re-packaging into pre-packed f ..read more

RWB Reported Q3 2021 Year to Date Revenue of $36.9 Million, an Increase of 386% Year Over Year Red White & Bloom (CSE: RWB) (OTCQX: RWBYF) announced this morning the release of its third-quarter 2021 financial results, which saw the U.S. multi-state operator (MSO) report a 93% rise year over year in Q3 revenue. RWB also posted impressive EBITDA of $5.9 million, up $11.7 million or 202.18% compared to an EBITDA loss of $5.8 million in Q3 2020. Commenting on the company’s Q3 earnings report, RWB Chairman & CEO Brad Rogers stated: “In the third quarter, we made excellent progress in layi ..read more

RWB Reports the 30 New Grow Pods Will Add 19,200 Sq Ft to its Florida Operation, Which it Expects to Generate an Additional $30 Million Annually for the Company Florida Currently Boasts the Third Largest Medical Cannabis Market in the United States, With 2020 Taxable Sales Reaching $1.23 Billion Leading Market Analyst Arcview Projects the Sunshine State Market Could See its Sales Skyrocket to $6 Billion By 2030 Red White & Bloom (CSE: RWB) (OTCQX: RWBYF) announced today that it has officially entered Phase 2 of the company’s Florida expansion plan ahead of schedule, with subsidiary RWB Fl ..read more

In 2012, Colorado was one of the first states in the nation to legalize recreational cannabis for adults. Since then, the state has grown to become one of the most lucrative cannabis markets globally; the industry was estimated at over $2.2 billion in 2020. When the legislation to legalize recreational cannabis was initially passed, it included provisions that prevented publicly traded companies from entering the state. Instead, regulators wanted to give smaller, “mom and pop”-type businesses a chance to get their feet under them before competing with large corporations. For nearly a decade ..read more