The latest Tea on everything Cannabis related!
Investors are feeling pretty confident about Floridians passing the adult-use legislation before them that stocks with exposure to that state have rallied. Viridian Capital Advisors reviewed the stocks that have a presence in the state and stand to gain if voters pass what is known as S3. They found valuation increases ranging from 6% to... Continue Reading →
A GOP congressman who was previously arrested over marijuana says he will be voting against a Florida ballot initiative to legalize cannabis for adults in the state. In an interview with Florida’s Voice on Friday, Rep. Byron Donalds (R-FL) weighed in on several ballot measures on ballot for next month’s election. And while he said... Continue Reading →
Results of a new yearlong study of prescribed medical marijuana for patients with chronic pain and mental health issues observed an association between cannabis use and symptom improvement, with most side effects limited to dry mouth and sleepiness. At least some of the benefits appeared to fade as the 12-month study period went on, however.... Continue Reading →
‘Dangerous’ amounts of mold, lead, E.coli, and salmonella found in street marijuana Image Cannabis News October 28, 2024 ‘Dangerous’ levels of mold, yeast, lead, E.coli and salmonella have been found in UK street cannabis. Researchers from Manchester Metropolitan University, in conjunction with Curaleaf Clinic, analyzed 60 samples seized by police in Greater Manchester and Northumbria.... Continue Reading →
Asset Scramble: Body & Mind Secures $2.3M To Drive Cannabis Growth In Illinois And New Jersey Image Cannabis News October 28, 2024 The new credit facility from Bengal Catalyst Fund carries an 18% annual interest rate. Body and Mind Inc. BAMM, BMMJ, a multi-state cannabis company, announced a new credit facility with Bengal Catalyst Fund,... Continue Reading →
California authorities eradicate over $353 million in illegally grown cannabis Image Cannabis News October 28, 2024 Nearly 775,000 illegally cultivated cannabis plants across the state were eradicated in a joint effort by California Attorney General Rob Bonta's office and local and federal law enforcement partners. The enforcement was part of the Eradication and Prevention of... Continue Reading →
JOMS study: Recreational marijuana use may increase sedation requirements during oral and maxillofacial surgery Image Cannabis News October 28, 2024 Research published in the Journal of Oral and Maxillofacial Surgery (JOMS) reveals recreational marijuana users undergoing oral and maxillofacial surgery – such as tooth extractions or biopsies in an ambulatory surgical center – may require... Continue Reading →
Shares of Alto Neuroscience Inc. (NYSE: ANRO) collapsed Wednesday after the company’s experimental depression treatment failed in a six-week clinical trial. The Mountain View, California-based company saw its market value plummet to $132 million from about $385 million. Trading volume surged past 12 million shares, about 33 times the daily average of 366,000. The Phase... Continue Reading →
A record number of banks are now reporting that they’re working with state-legal marijuana businesses amid increased pressure on Congress to enact broader protections for financial institutions interested in servicing the cannabis industry and as the Biden administration’s rescheduling proposal advances, new federal data shows. The Financial Crimes Enforcement Network (FinCEN) has been tracking cannabis... Continue Reading →
The enormous intoxicating hemp goods market in Texas may not have long. Republican legislative leaders in the state capital of Austin are prepping to ban such products in the coming legislative session, which runs from January to June next year, The Texas Tribune reported. Lt. Gov. Dan Patrick distributed a list of legislative priorities to... Continue Reading →
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