The SAFER Baking Act was Introduced in Early 2019, is There Finally Headway With the Banking Act? Bipartisan Support for the SAFER Banking Act The Senate Banking Committee has given the green light to the Secure and Fair Enforcement Regulation (SAFER) Banking Act, a bipartisan marijuana banking bill. Sponsored by Sens.  Jeff Merkley (D-OR) and Steve Daines (R-MT), the bill was approved with a 14-9 vote. This move comes a week after the bill was presented with revisions aimed at strengthening bipartisan support. Committee Chairman Sherrod Brown (D-OH) highlighted the importance of the bi ..read more

Prepare for a seismic shift in the cannabis investment landscape as the DEA inches closer to rescheduling marijuana, a move that could unlock untapped financial opportunities and redefine risk profiles for investors. The DEA’s Potential Move and Its Significance Congressional researchers have recently indicated that the Drug Enforcement Administration (DEA) is likely to reschedule marijuana from Schedule I to Schedule III of the Controlled Substances Act (CSA). This move, recommended by the U.S. Department of Health and Human Services (HHS), could have broad implications for federal policie ..read more

The Massachusetts attorney general has recently given the green light to two 2024 ballot initiatives aimed at legalizing psychedelics for medical use. Let’s explore the investment potential of the psychedelics sector, focusing on the recent developments in Massachusetts. The Legal Landscape The attorney general’s office has approved 34 out of 42 initiative petitions, including two psychedelics reform measures. These proposals aim to create a regulatory framework for lawful and medically supervised access to psychedelics at licensed facilities. The initiatives would also legalize the possess ..read more

Bahamas have introduced bills to legalize marijuana for medical and religious purposes. The Bahamas Takes a Leap into the Cannabis Market Gentlemen, it’s time to pay attention to the Caribbean, and no, it’s not for the sandy beaches or the tropical cocktails. The Bahamas is stepping into the lucrative cannabis market. The government has recently introduced bills aimed at legalizing marijuana for medical and religious purposes, joining the ranks of other Caribbean nations that have taken similar steps. The Legal Landscape: What’s Changing? The Bahamian government is not just stopping at medic ..read more

The Risk and Reward of Cannabis Growth Stocks Cannabis stocks are often labelled as high-risk growth stocks. This is primarily because many of these companies are yet to turn a profit. However, a savvy investor knows to look beyond just profits discussed at WealthyVC. A consistent and growing sales revenue over the last three years can be a reliable indicator of a company’s potential, even if they haven’t yet reached profitability. Two notable exceptions in this realm are Verano Holdings and Curaleaf. Verano Holdings hasn’t provided sales data for an extended period, and Curaleaf has postpone ..read more

As the cannabis industry continues to evolve, 2023 presents new opportunities for investors who are looking to tap into this burgeoning market. New bills & laws are constantly being introduced in the United States including the Louisiana Governor Signing Marijuana Expungements Bill Into Law. This is why it’s important to stay on your toes when it comes to new investment opportunities in the industry. Here are the top marijuana stocks that are poised for growth in the coming year.  Innovative Industrial Properties (Ticker: IIP) IIP has a unique business model that involves triple-net ..read more

Nevada lawmakers have forwarded a comprehensive marijuana reform bill to the governor. This bill, brought forth by Senator Dallas Harris, would effectively double the personal possession limit for cannabis from one ounce to 2.5 ounces, as well as the amount of cannabis concentrated from one-eighth of an ounce to one-quarter of an ounce​​. About The Bill The bill also aims to simplify licensing rules. For instance, adult-use marijuana retailers would no longer require a separate medical cannabis license to serve patients, thus automatically acting as dual licensees​​. Further, regulators would ..read more

The cannabis industry continues to evolve, and the past few weeks have seen several significant developments that are worth noting for investors. As always before reading, don’t forget to subscribe for newsletter updates so you don’t miss out on investment opportunities! 1. Study Links Cannabis Use with Lower Risk of Liver Disease A study conducted by researchers in China, published in PLOS One, has found a correlation between current marijuana use and a lower risk of steatosis, a liver condition resulting from excessive fat in the organ. The research, which analyzed data from the National He ..read more

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