Marijuana real estate investor NewLake closes on $100 million IPO – Marijuana Business Daily
Connecticut-based NewLake Capital Partners, which provides real estate capital to state-licensed marijuana operators, said it closed on an initial public stock offering of more than $101 million. The offering of 3.9 million shares of stock was priced at $26 a share, according to a news release. The company expects the shares to trade on the U.S. over-the-counter markets. Net proceeds will be used to acquire assets that fit in with the company’s strategy, NewLake said. Three of the investment company’s recent deals have focused on the Arizona and Massachusetts marijuana markets: In August, NewLake reportedly spent $8.8 million on four…
Read More »Holy Smokes! Meet The Nuns Who Grow Weed
August 16, 2021 4 min read This story originally appeared on El Planteo Although they do not belong to any religious order, the Sisters of the Valley’s devotion is unquestionable. Also known as the “Weed Nuns”, these women are dedicated to growing cannabis and selling medicinal products derived from it. Based in Merced (which means “mercy”, by the way), California, the organization has been working since 2015 and composed by women of all ages with a very clear goal: to share the medicinal benefits of cannabis and achieve its legalization. In addition, their end is to fight a medical system…
Read More »How California’s First “Green Winery” Turned to Farming Cannabis
August 16, 2021 9 min read This story originally appeared on Marijuana Venture In the early 1990s, Mike Benziger was giving a tour of his California winery when one of the guests asked a simple, but lifechanging question. “One of the women said, ‘Mike, how come I don’t hear any birds? Where’s all the life? I thought vineyards were full of life,’” Benziger remembers. At the time, Benziger says his vineyard was following industry best practices, as the company had hired a leading viticulture specialist to help produce grapes. Like many farms of the era, that meant eliminating all competition…
Read More »
From ‘boozy tea’ to spices, CT investing in new consumer products – Thehour.com
The two businesses have little in common aside from loose proximity, with one Greenwich native brewing a “boozy tea” and another New Canaan entrepreneur developing hair dyes that fade away after 10 or so washes, clearing the way for the next whimsical tint. But Owl’s Brew and Hally have another thing in common: As Connecticut Innovations’ early investments in consumer products companies, in a new push to support startups in the sector. Connecticut Innovations invests alongside venture capital funds, focused mostly on technology and life sciences companies since its 1989 formation with backing from the state General Assembly. Owl’s Brew…
Read More »Study Suggests Cannabis Can Induce Experiences Akin to Psychedelics
A recently published study suggests that high doses of cannabis can induce oceanic boundlessness, an altered state of consciousness commonly associated with psychedelic drugs. The mystical-like experience of oceanic boundlessness, which is characterized by a feeling of oneness with the universe, is the subject of ongoing research and could be connected to the potential therapeutic benefits of drugs including psilocybin and LSD. Previous studies have shown that oceanic boundlessness experiences induced by psilocybin are associated with improvements in treatment-resistant depression. Mitch Earleywine, a professor of psychology at the University at Albany in New York and lead author of the newly…
Read More »
Why CT experts say it’s hard to tell when people are too high to drive – CT Insider
The Connecticut bill that legalized recreational use of cannabis includes a provision to increase the number of police officers trained to determine if someone is under the influence of marijuana. However, health experts say it’s difficult — perhaps even impossible — to tell definitively if someone has used marijuana and, if so, how much. “If I cannot determine that clinically, I don’t think that law enforcement has any better resources than the entire medical and scientific establishment on this topic,” medical toxicologist Ryan Marino said. As of the end of July, there were 54 police officers trained as drug recognition…
Read More »
Why CT experts say it’s hard to tell when people are too high to drive – The Advocate
The Connecticut bill that legalized recreational use of cannabis includes a provision to increase the number of police officers trained to determine if someone is under the influence of marijuana. However, health experts say it’s difficult — perhaps even impossible — to tell definitively if someone has used marijuana and, if so, how much. “If I cannot determine that clinically, I don’t think that law enforcement has any better resources than the entire medical and scientific establishment on this topic,” medical toxicologist Ryan Marino said. As of the end of July, there were 54 police officers trained as drug recognition…
Read More »
A Garden Supply Stock With a Fast-Growing Cannabis Patch – The Wall Street Journal
This column is part of the Heard on the Street stock-picking contest. You’re invited to play along with us here. A little-known organic garden center supplier has outpaced the likes of Amazon and Netflix on the stock market throughout the pandemic. Knotty cannabis laws should continue to fertilize its growth. Nasdaq-listed GrowGeneration owns a chain of 58 stores across the U.S. that sell “hydroponic” equipment including the heat lamps and trays needed to grow plants indoors without soil. The gear can be used for trendy organic vertical farming. But most of GrowGeneration’s business is done with cannabis growers, including everyone…
Read More »