POTX News and Press, Global X Cannabis ETF From 05/08/23

2023-05-08 14:00:20 ET Senate Majority Leader Chuck Schumer (D-N.Y.) said that a bill that would allow legal cannabis companies to do business with U.S. banks.will make it to the Senate floor, though with social justice reforms and criminal expungement language attached. Schumer made th...

2023-05-04 15:10:16 ET Sen. Sherrod Brown (D-Ohio), chairman of the Senate Banking Committee, on Thursday said a hearing on the SAFE Banking Act could come as soon as May 11. "We're gonna move quickly on it," NBC News reported him as saying. Attempts to pass the legislation, whi...

2023-05-03 01:10:16 ET Summary POTX invests mainly in healthcare and real estate institutions that are focused on cannabis. The demand for and spending towards cannabis is increasing, but many dispensaries and cannabis-focused institutions are still struggling to pull in sufficien...

2023-05-01 14:27:58 ET Although states where marijuana is legal brought in ~$3.8B in tax revenue in 2022, that was a slight decrease from the prior year, the first time that has happened. In 2021, states raked in ~$3.9B in cannabis tax revenues, according to a new report from the Mariju...

2023-04-30 12:00:07 ET Cannabis analytics firm New Frontier Data sees brighter days for the U.S. pot industry, projecting $71B of legal marijuana sales in 2030 if the current trend in state-level legalization continues even without legal immunity at the federal level. While 21 U.S. stat...

2023-04-28 13:13:55 ET House Speaker Kevin McCarthy (R-Calif.) has agreed to allow committee debate and a vote there on a bill that would legalize marijuana on the federal level. Marijuana Moment reported that Rep. Nancy Mace (R-S.C.) was able to secure the assurance. She is the sponsor...

2023-04-27 07:53:51 ET Canadian Licensed Producers ((LPs)) rose in the pre-market Thursday after bipartisan Senate and House lawmakers reintroduced a much-awaited banking bill to bring reforms to the cannabis industry. Sens. Jeff Merkley (D-OR), Steve Daines (R-MT), and Reps. Dave Joyce...

2023-04-14 14:19:24 ET Speaking at a panel discussion at Tufts University, Sen. Cory Booker (D-NJ), who has long championed the federal legalization of cannabis, called marijuana a “dangerous” drug that requires further research. “This is a drug, and I think it ...

2023-04-06 10:24:11 ET Summary Despite continued market challenges for the cannabis industry, InterCure's revenue continues to grow year-on-year and, more importantly, quarter-on-quarter to NIS 105.6 million in Q4 2022. InterCure's total comprehensive profit was NIS 43.7 million i...

2023-03-29 12:59:34 ET The Delaware Senate on Tuesday approved a pair of House bills that legalize the possession of marijuana and set up a marketplace for legal cannabis sales. The bills now go before Gov. John Carney (Dem.). The legalization legislation and the marketplace l...