HOW MUCH tax revenue generated in US cannabis sales since 2014???! And Canopy Growth stocks update

This week's stories:

• In a major development for the US cannabis industry, Members of the Senate Banking Committee have voted to approve the SAFER Banking Act, paving the way for its final vote in the Senate.
•  Wisconsin lawmakers have introduced a new bill which would legalise adult-use cannabis consumption, the possession of up to five ounces for over 21s, and remove criminal penalties for those under 21.
• In a bid to expand patient access to medical cannabis in New York, the OCM has expanded its RO Applications

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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 

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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:

• Subversive Capital Advisor, which focuses on emerging sectors, this week launched a new cannabis- focused ETF, stating that a ‘regulatory move to Schedule III status meaningfully changes the trajectory for this business.
• The text for the SAFE Banking Act that aims to transform banking for the cannabis industry has been amended.
• According to Marijuana Moment, which has seen a copy of the amended text, the bill’s updates relate to guidance, finance regulations and reporting requirements.
• Canopy Growth Corporation announced that it was seeking to raise up to $50m in additional funding via a ‘private placement offering’.

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

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:

• General New York Cannabis Licence Applications to Open on October 04
• Cannabis Sales in New Mexico Reach a Record High
• New Jersey Proposes Rules to Expand Cannabis Edibles
• The UK ‘Perfectly Poised’ To Be Central Hub For Global Cannabis Financial Trade

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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 

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

Email us about our stories or to talk sponsorship of our events, here.

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
Spotify: http://bofc.me/spotify
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Podcasts Online: https://bofc.me/bofclive

This week's stories:

• Rescheduling cannabis from Schedule I to Schedule III under federal law is “not enough” as it “continues to misrepresent the plant’s safety relative to other controlled substances”. But who said it? Listen to find out!
• On Tuesday, as the US senate returned from its August recess, the majority leader Chuck Schumer reiterated his commitment to advancing the highly anticipated Secure and Fair Enforcement (SAFE) Banking Act.
• In a letter to New York’s governor, four cannabis companies have highlighted the mess of New York’s adult-use cannabis programme rollout, calling on the state to issue retail licences. 

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

Business of Cannabis: NYC Sessions

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
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Podcasts Online: https://bofc.me/bofclive

This week's stories:

• The U.S Department of Health and Human Services (HHS) has sent a letter to the Drug Enforcement Administration (DEA) recommending that cannabis be reclassified from Schedule I to Schedule III
• New York has seen its cannabis licensing process draw to a complete halt after a temporary injunction was implemented on New York’s Conditional Adult-Use Retail Dispensary (CAURD) scheme.
• Canadian cannabis companies are increasingly turning to the international medical cannabis market, seeing exports increase by 50% last year.

The report we mention in the episode - Pharmaceutical Cannabis Report: 3rd Edition

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

Business of Cannabis: NYC Sessions

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
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Podcasts Online: https://bofc.me/bofclive

This week's stories:

• Discover How High Fees are Challenging Cannabis Profits – Insights from Health Canada Report
• Legal Battles, Licences Revoked – Inside the Alabama Medical Cannabis Commission's Turmoil
• California's Tax Cuts for Cannabis: Unveiling the Strategy to Save a Struggling Industry

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

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

Business of Cannabis: NYC Sessions

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
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Podcasts Online: https://bofc.me/bofclive

This week's stories:

• US cannabis businesses are bracing for increasing threats from criminals following Mastercard’s decision to ban cannabis purchases.
• US organisation Doctors for Cannabis Regulation (DCR) and other industry stakeholders, are urging the United States and global cannabis regulators to adopt the International Intoxicating Cannabinoid Product Symbol
• Ohio could see potential annual tax revenue from adult-use cannabis hit $276 million in year five of an operational cannabis market to $403 million in year five of operations.

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

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

Business of Cannabis: NYC Sessions

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:

• Cannabis company Tilray Brands is planning to diversify its alcohol segment with the intent to acquire eight beer and beverage brands from  
• CFAH has updated its 2023 Cannabis Price Index, collecting data on cannabis prices from 140 cities worldwide and ranking them from least costly to most expensive for both illegal and legal weed.
• Canopy Growth has reported growing revenues and falling losses, but has again raised doubts over its ability to keep its head above water financially moving forward.
• Israel could soon see a dramatic increase in the number of medical cannabis patients as the government publishes proposals for sweeping reforms aimed at streamlining access. See the summary on our website here.

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

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

Business of Cannabis: NYC Sessions

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
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This week's stories:

• The Canadian Federal government’s failure to facilitate research into the potential health issues associated with cannabis consumption has led to potential legal action.
• THE global cannabis industry is grappling with significant challenges in securing reliable banking and payment services following Mastercard’s recent decision to prohibit cannabis purchases on its debit cards in the US. Atalis Pay from Prohibition Partners emerges as a fresh source of optimism, introducing the first open banking payment gateway for the cannabis industry. 
• The first adult-use cannabis dispensary to open in New York has seen $12 million in sales in its first six months of operation.

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

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

Business of Cannabis: NYC Sessions

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
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This week's stories:

• New York’s Empire Cannabis Club to Take Regulators to Court After Recent Raids
• Tilray has reported narrowing losses during its fourth quarter while sales came in well above analyst estimates, leading to a bump in stock price.
• An amendment has been approved by the U.S. House of Representatives to be included in a spending that would prevent the Department of Veterans Affairs (VA) from prohibiting veteran access to medical cannabis.

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

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

Business of Cannabis: NYC Sessions

Cannabis Europa 

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

Email us about our stories, here.

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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Podcasts Online: https://bofc.me/bofclive