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TDR’s Top 7 Cannabis Developments For The Week Of Septembe…

Welcome to TDR’s review of the Top 7 Cannabis Developments for the week of September 18. Aside from presenting a synopsis of news events, interviews and closing market prices for publicly-listed companies.

7. Zuanic & Associates: SAFE Banking Likely Has The 60 Votes Needed In The Senate To Avoid A Filibuster

Zuanic & Associates’ latest report outlines a roadmap for the SAFE Banking Act in the US cannabis industry, emphasizing the significance of rescheduling, US exchange uplisting, and a potential “Cole Memo II” (Garland Memo) as more critical catalysts than the bill itself.

According to Zuanic, delays in the mark-up vote could, potentially, signify positive developments. The SAFE Act filed jointly in both the House and Senate in 2023, has gained bipartisan support, and the delays may be aimed at securing more votes.

6. Congressional Committee Approves Bill To Remove Marijuana As Barrier To Federal Employment Or Security Clearances

A key House committee has approved a bipartisan bill on Wednesday that would prevent the denial of federal employment or security clearances based on a candidate’s past marijuana use.

The House Oversight and Accountability Committee passed the Cannabis Users’ Restoration of Eligibility (CURE) Act—sponsored by Reps. Jamie Raskin (D-MD), Nancy Mace (R-SC) and Earl Blumenauer (D-OR)—in a 30-14 vote. All Democrats backed the measure, along with ten Republicans.

However, prior to passage, members first adopted an amendment from Chairman James Comer (R-KY) to scale back certain provisions.

5. GOP Committee Chairman Seeks To Scale Back Bill On Removing Federal Marijuana Employment Barriers Ahead Of This Week’s Vote

The chairman of a key House committee is proposing to significantly scale back a bipartisan bill on marijuana-related protections for federal workers that’s scheduled for a vote in his panel this week.

The House Oversight and Accountability Committee is scheduled to hold a markup of the Cannabis Users’ Restoration of Eligibility (CURE) Act—sponsored by Reps. Jamie Raskin (D-MD), Nancy Mace (R-SC) and Earl Blumenauer (D-OR)—on Wednesday. But ahead of that meeting, Chairman James Comer (R-KY) filed an amendment in the nature of a substitute (ANS) that would eliminate some of the bill’s central provisions.

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Chart Of The Week:Tier-2/3 Price Increase In Recent Rally Since Aug 29/23

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Interview Of The Week

In our latest The Dales Report Cannabis Exclusive, we talk to the CEO of High Tide, Raj Grover, discussing the remarkable growth and financial performance of High Tide in the thriving US cannabis market.

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What HHS Schedule III Recommendation Could Mean and What Comes Next

Leading legal experts discuss the Department of Health and Human Services’ recommendation to the Drug Enforcement Agency to reschedule cannabis to Schedule III, what its potential implications could be for the industry and the legalization movement, and what still needs to happen before rescheduling becomes a reality.

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Cannabis Lobbyist Don Murphy Discusses Legislative Progress With TDR

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Widely Held MSOs & LP Weekly Performance

Company Symbol Previous Week Close End Of Week Close % Change On Week
AdvisorShares Pure Cannabis ETF MSOS 9.07 8.04 -11.35
Aurora Cannabis ACB 0.9828 0.7511 -23.57
Ayr Wellness AYRWF 3.03 2.85 -5.94
Canopy Growth CGC 1.35 0.84 -37.77
Cresco Labs CRLBF 2.46 2.09 -15.04
Curaleaf Holdings CURLF 5.37 4.30 -19.92
Green Thumb Industries GTBIF 11.90 10.72 -9.91
High Tide Inc. HITI 1.69 1.98 17.15
Marimed Inc. MRMD 0.51 0.46 -9.80
TerrAscend Corp. TSNDF 2.13 2.11 0.93
Tilray Brands TLRY 2.93 2.40 -18.08
Trulieve Cannabis TCNNF 7.45 6.19 -16.91
Verano Holdings VRNOF 5.15 4.70 -8.73

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4. Bipartisan Senators Officially File Revised Marijuana Banking Bill Ahead Of Key Committee Vote

A revised bipartisan marijuana banking bill has officially been filed in the Senate, one week before a key committee is scheduled to vote on the legislation. But its prospects in the GOP-controlled House remain uncertain, with a key committee chairman declining to say whether he’d take up the legislation if it crosses over to his chamber.

The renamed Secure and Fair Enforcement Regulation (SAFER) Banking Act, sponsored by Sens. Jeff Merkley (D-OR) and Steve Daines (R-MT), was introduced on Wednesday—one day after Marijuana Moment first reported on the finalized language.

In the news…

Aurora Cannabis has received approval to transfer the listing of its common shares from the Nasdaq Global Select Market to the Nasdaq Capital Market . The transfer became effective at the opening of business on September 19, 2023, and is expected to allow the company to seek an additional 180 days to regain compliance with the Nasdaq Listing Rule 5450(a)(1). 

Banking Chair Sherrod Brown on SAFER Banking Act: “we’ll pass it decisively.”

Biosteel creditors list shows pro teams, leagues and athletes owe millions.

British Columbia court tosses suit over cannabis store enforcement on reserves.

Cannabis Attorney Jonathan Havens provides insights into the SAFER Banking Act’s revised text, the scheduled markup in the Senate, what will follow, and the bill’s implications for cannabis businesses’ potential to list on U.S. stock exchanges.

Canada is approaching 4,000 regulated cannabis stores spread unevenly across the enormous country, according to data compiled by MJBizDaily.

Canopy Growth announced that it has entered into subscription agreements to raise up to $50 million through the issuance of units via private placement…

Columbia Care selling 22.2 million shares at C$1.52 (US $1.12) to raise US$25 million, with the possibility of another $25 million within 45 days of the closing of the placement tranche…

Columbia Care Inc. announced its change in legal name to The Cannabist Company Holdings Inc. and will rebrand to The Cannabist Company.

Cresco Labs announced the expansion of its brand portfolio in Florida to include the FloraCal and Cresco brands.

Federal agency has released new data showing that a record-high number of banks and credit unions are now working with the cannabis industry.

Georgia Access to Medical Cannabis Commission has issued notice of intent to amend its rules…

GOP senators, including the lead Republican sponsor of a marijuana banking bill, have officially filed new legislation to prevent federal agencies from rescheduling cannabis without tacit approval from Congress.

High Tide: Echelon analyst Andrew Semple remains more than bullish on the name after financial results.

High Tide CEO Raj Grover “itching” to get into the U.S. market

Kent State University: Eighty-five percent of participants using cannabis reported participating in aerobic training. In addition, 85% of participants also reported regular participation in resistance exercise.

Leafly has taken legal action against New York’s cannabis regulators due to the state’s ban on third-party marketing. The ban has been in place since the inception of New York’s cannabis industry but has become a contentious issue as the industry evolves.

Massachusetts: The Cannabis Control Commission has a new acting chair, for now, after their regular Chairwoman was unceremoniously suspended from her position.

Minnesota’s new cannabis regulator sold products illegal under state law at her hemp shop.

Missouri colleges expand cannabis programs to prepare students for ‘green jobs’.

NCAA committee recommends legislation to remove cannabis from banned substances list in all three divisions…

New federal data shows record number of banks working with marijuana businesses as Senate schedules vote on reform bill.

NewLake Capital Partners Maintains Dividend, Updates On Share Repurchase Program

New Jersey marijuana regulators are accepting public comments on a proposal that would create a new permit to allow “clinically focused” dispensaries to enter into partnerships with research institutions to carry out cannabis studies using products that they grow or sell to patients.

Pennsylvania Senate has overwhelmingly approved a bill to allow all licensed medical marijuana grower-processors in the state to sell their cannabis products directly to patients—and there’s talk of potentially expanding the legislation in the House to allow for personal home cultivation as well.

Pot stock rally burns short sellers for $105 million in losses…

SAFE Banking Act text.

Senate Majority Leader Chuck Schumer (D-NY) works to advance a bipartisan marijuana banking bill, he’s also calling on supporters to join him in demanding that the federal government legalize marijuana.

Senator Cory Booker, a familiar foe SAFE legislation previously, has come on board to support the next iteration of regulated cannabis banking—the SAFER Banking Act.

Square announced a partnership with Jane Technologies, the premier online ordering platform service for cannabis dispensaries, solidifying plans to cater to cannabis sellers in Canada.

Subversive Capital Advisor is launching its sixth exchange-traded fund – Subversive Cannabis ETF (Ticker: LGLZ) on Cboe BZX Exchange. LGLZ is an actively managed ETF that is expected to begin trading on September 19th, 2023. 

Thailand prime minister has said that he is against the recreational use of cannabis. PM Srettha Thavisin has said that within six months his government will “rectify” its cannabis policy and limit its use to medical purposes.

Tilray Brands announced that the Company will release financial results for its first quarter ended August 31, 2023 on October 4, 2023.

Trulieve announces purchase of 8% Senior Secured Notes due 2026.

Wisconsin: Senate Democratic Leader Melissa Agard (D-Madison) and Representative Darrin B. Madison (D-Milwaukee) introduced legislation to legalize cannabis for responsible, adult use in Wisconsin on Friday.

YTD returns of prominent Tier-1/Tier-2 MSOS to start the week…

Verano Holdings announced the launch of the company’s Round Up for Cannabis Reform dispensary donation program benefitting The Weldon Project’s Mission Green and the non-profit organization’s advocacy for cannabis-related criminal justice reform. 

3. House Democrats File Marijuana Legalization And Expungements Bill

A top House Democrat has reintroduced a bill to federally legalize, tax and regulate marijuana, with provisions to expunge prior cannabis convictions. Rep. Jerrold Nadler (D-NY), ranking member of the House Judiciary Committee, refiled the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act on Wednesday. There are 33 initial cosponsors—all Democrats.

The comprehensive legalization legislation has passed the House twice in recent sessions—but this marks the first time it’s being introduced with Republicans in control of the chamber, raising serious questions about whether it will move. The Judiciary Committee, which is the primary panel of jurisdiction, is chaired by anti-cannabis Rep. Jim Jordan (R-OH).

2. Senators Scrutinize Changes To Crucial Section Of Cannabis Bill Ahead Of Markup

Senators are circulating revised cannabis banking legislation that includes new protections for bank regulators in a controversial provision that would restrict them from closing certain customer accounts.

A section by section summary of the SAFE Banking Act — renamed the Secure and Fair Enforcement Regulation (SAFER) Banking Act — obtained by POLITICO indicates that new language in Section 10 has four additional provisions.

The future of the SAFE Banking Act could hinge on the section — it’s this text that Sen. Jack Reed (D-R.I.) raised concerns about during a hearing in May. That pushed back a markup on the bill, which is now scheduled for Sept. 27.

1. Schumer Aims To Bring Newly Revised Marijuana Banking Bill To The Floor ‘With All Due Speed’ After Next Week’s Committee Vote

A marijuana banking bill that’s set for a Senate committee markup next week has an updated title and several new provisions related to federal financial regulations, guidance and reporting requirements, according to a summary that is circulating. And Senate Majority Leader Chuck Schumer (D-NY) said on Tuesday he intends to “bring this legislation to the floor with all due speed.”

Importantly, the summary, first reported by Politico, offers a first look at the types of compromises senators appear to have made in order to bolster bipartisan buy-in. Several new provisions are described under Section 10—a component of the reform that Republicans have strongly favored and certain Democrats opposed over concerns it could undermine broader banking regulations.




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Verano Launches Third Annual Breast Cancer Awareness Month…

Dispensary-led punch card campaign will span eleven states throughout October for Breast Cancer Awareness Month

/EIN News/ — CHICAGO, Sept. 29, 2023 (GLOBE NEWSWIRE) — Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced the launch of the Company’s third annual campaign on October 1st supporting the Lynn Sage Breast Cancer Foundation for Breast Cancer Awareness Month. Throughout the entire month of October, Verano will host a fundraising campaign across the Company’s Zen Leaf and MÜV dispensaries in eleven states, including: Arizona, Arkansas, Connecticut, Florida, Illinois, Massachusetts, Maryland, Michigan, New Jersey, Nevada and West Virginia.

Following the success of previous dispensary-led punch card campaigns that have generated hundreds of thousands of dollars in proceeds, cannabis customers will have the opportunity to enjoy their favorite medical and adult use cannabis products while supporting the fundraising effort. The Company will facilitate a donation to Lynn Sage Breast Cancer Foundation upon each customer’s punch card being completed, and customers will receive exclusive rewards with each purchase. Punch cards will be available beginning Friday, September 29th.

“We are so very appreciative of Verano’s support of the Lynn Sage Breast Cancer Foundation and their efforts to further our mission of eradicating breast cancer by investing in early career practitioners and innovative research,” said Halee Sage, Lynn Sage Breast Cancer Foundation Board Chair.

“As one of the leading organizations in its field, Lynn Sage Breast Cancer Foundation conducts critical research, education and prevention, and we’re thrilled to offer our support for a third year in a row,” said George Archos, Verano Founder and Chief Executive Officer. “We are proud to once again demonstrate the power of the cannabis community as a catalyst for positive change by uniting our team, patients and customers together to continue the fight against breast cancer throughout October and beyond.”

Verano’s partnership with Lynn Sage Breast Cancer Foundation began in October 2021 with the inaugural launch of its dispensary punch card program in support of Breast Cancer Awareness Month. Following the success of the campaign, with over 7,000 dispensary visitors participating, the campaign has further scaled from six to eleven states across the Company’s operational footprint. To learn more about the Lynn Sage Breast Cancer Foundation, visit www.lynnsage.org.

About Verano

Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF), one of the U.S. cannabis industry’s leading companies based on historical revenue, geographic scope and brand performance, is a vertically integrated, multi-state operator embracing a mission of saying Yes to plant progress and the bold exploration of cannabis. Verano offers a superior cannabis shopping experience in medical and adult use markets under the Zen Leaf and MÜV dispensary banners and produces a comprehensive suite of high-quality, regulated cannabis products sold under its diverse portfolio of trusted consumer brands including Verano, MÜV, Savvy, BITS, Encore, and Avexia. Verano’s active operations span 13 U.S. states, comprised of 14 production facilities with over 1,000,000 square feet of cultivation capacity. Learn more at www.verano.com.

About Lynn Sage Breast Cancer Foundation

The Lynn Sage Breast Cancer Foundation’s mission is to raise funds for research and education to prevent breast cancer and improve outcomes for individuals with breast cancer. Investments are directed locally within the Chicago area but drive impact globally. The Lynn Sage Breast Cancer Foundation is one of the nation’s leading breast cancer research and education charities. Since 1985, this organization has raised over $40 million for breast cancer research & education advancements. Since the beginning, when Lynn’s dear friends and family established a foundation with a vow to cure this devastating disease, until now, they are dedicated to ending breast cancer.

Contacts:

Media
Verano
Grace Bondy
Senior Manager, Communications
Grace.Bondy@verano.com

Investors
Verano
Julianna Paterra, CFA
Vice President, Investor Relations
Julianna.Paterra@verano.com

Forward Looking Statements

This press release may contain “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “future”, “scheduled”, “estimates”, “forecasts”, “projects” “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. Forward-looking statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking statements herein, including, without limitation, the risk factors described in the Company’s annual report on Form 10-K for the year ended December 31, 2022 and subsequent quarterly reports on Form 10-Q for 2023 filed with the U.S. Securities and Exchange Commission at www.sec.gov. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information or forward-looking statements that are contained or referenced herein, except as may be required in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice regarding forward-looking information and statements.

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Insider NJ’s Morning Intelligence Briefing: 9/28/2023

Below is Insider NJ’s Morning Intelligence Briefing:

 

QUOTE OF THE DAY: “You’d think he would be doing everything possible to protect Democratic control just as Governor Murphy and his excellent chief of staff George Helmy are doing to help elect our strong candidates. He will have to answer to his caucus why he isn’t helping in any meaningful way.” – George Norcross on Senate President Scutari

 

TOP STORY: Source: The Case for an Hispanic to Replace Menendez

 

 

Insider NJ's Morning Intelligence Briefing

 

A Monmouth University poll finds a vast majority of the public want a compromise to avert a government shutdown.

 

Senator Menendez arrived in federal court in Manhattan yesterday morning, with he and his wife pleading not guilty to the charges against them. The FBI has opened a counterintelligence probe into the Senator’s ties with Egyptian officials. The feds say Menendez’s wife left a trail of texts and emails, according to NJ.com.

 

With the state a hotbed for corruption, Senator Menendez fits into a long tradition, according to Politico.

 

As Senator Menendez rose, fears of corruption cast a persistent shadow, according to the NY Times.

 

NJ hospitals are confronting a surge in teen mental health cases, according to the Bergen Record.

 

The state Supreme Court will rule on pandemic-related insurance exclusions, according to the Press of Atlantic City.

 

A lawsuit challenging the state’s bear hunt is set to be heard next week, according to NJ herald.

 

Camden County will distribute naloxone kits to school bus drivers, according to the Philadelphia Inquirer.

 

A special election is being held on merging three Monmouth County school districts, according to NJ Spotlight.

 

Rep. Pascrell mourned the passing of United Steelworkers President Conway. Pascrell slammed the impeachment inquiry into President Biden.

 

Reps. Menendez and Watson Coleman urged the DHS to terminate efforts to continue the Elizabeth ICE detention center contract.

 

Rep. Watson Coleman reintroduced the ‘Guaranteed Income Pilot Program Act’.

 

ICYMI: Booker says ‘stepping down is best for Menendez; Gottheimer side-stepping a question on Senate run; Menendez: ‘court of public opinion is no substitute for our justice system‘, prepares for ‘biggest fight yet‘, stopped short of saying he’ll run again; US Attorney announced indictments, Menendez coming out swinging, while stepping down as Foreign Relations chair; Dems condemn amid behind-the-scenes messaging pushing and shoving; Murphy called for immediate resignation, Menendez: ‘not going anywhere‘; Gottheimer railed against Light Rail delay

 

Insider NJ's Morning Intelligence Briefing

 

A source makes the case for a Hispanic to replace Senator Menendez

 

As Senator Menendez writhes, the NJGOP confirmed with some consternation the June primary for next year.

 

George Norcross criticized Senate President Scutari for not doing enough to assist South Jersey Democratic legislative candidates, according to Politico NJ.

 

In CD8, Hudson County executive candidate Craig Guy voiced his support for Rep. Menendez ahead of a possible primary next year, according to Hudson County View.

 

In LD16, the GOP candidates slammed Senator Zwicker and Assemblyman Freiman as ‘political opportunists’ over Senator Menendez, saying they stood by the Senator during his 2018 trial but are now ‘changing their mind when it shows their re-election is in danger’.

 

Atlantic County GOP sheriff candidate O’Donoghue slammed Sheriff Scheffler for a ‘continued absence of leadership’.

 

The NJLCV and LCV Action Fund called for the resignation of Senator Menendez.

 

ICYMI: NJCA released endorsements; Dems fear Menendez repercussions; Malinowski circulating for Senate; Van Drew is looking at Senate; in CD3, all eyes on Murphy as Kim revvs up Senate run; amid leadership moves on Senate seat w/ accelerated timeline, Kim announced candidacy, Hamm announced candidacy, Menendez troubles shapes futures of others; questions arise for 2024, 2023 battleground implications; in CD8, Rep. Menendez could be imperiled

 

Insider NJ's Morning Intelligence Briefing

 

Governor Murphy announced Tim Hillmann as Principal Deputy Chief of Staff.

 

Governor Murphy’s incoming Chief of Staff has builders’ support, but environmental baggage, according to Politico NJ.

 

Governor Murphy and the First lady announced the creation of the Office of Climate Change Education within the NJDOE.

 

Senator Testa introduced legislation to address developer bribes.

 

Assembly Minority Leader DiMaio is proposing a constitutional amendment that would force indicted officials from office until conviction or acquittal.

 

Governor Murphy touted his record on pension payments and higher education funding, according to ROI-NJ.

 

Former Senate President Sweeney praised the increase in the minimum wage above $15/hour.

 

Assemblywoman Dunn is championing a bill package for child care providers and working mothers.

 

The ACLU-NJ is hosting a discussion on the harms of book banning.

 

ICYMI: Sweeney applauded Murphy’s selection of Gutierrez-Scaccetti as COS; Helmy will depart; environmentalists demanding bear hunt end; Fiordaliso passed away

 

Insider NJ's Morning Intelligence Briefing

 

Download and read Insider NJ’s Gaming, Sports, and Entertainment special edition publication.

 

Senator Menendez’s stepping down as Chairman of the Senate Foreign Relations Committee, a highly-influential position, shows a crack in New Jersey’s foreign policy apparatus.

 

A Senator Menendez’s political career stands on a ledge, its instructive to go back to his self-described humble beginnings in Union City, where he was first elected to office on the BOE in the 1970s.

 

Compliance Corner: Here’s an initial assessment on how the Elections Transparency Act is changing the state’s political landscape.

 

Download and read Insider NJ’s 2023 Labor publication, Insider NJ’s 2023 Insider 100: Policymakers publication, Insider NJ’s FY2024 Budget special edition publication, and Insider NJ’s Out 100: LGBT Power List, compiled by Jay Lassiter.

 

Take a look at Insider NJ’s 2023 All-Inclusive Power Packages for our publications and specials editions this year.

 

Insider NJ's Morning Intelligence Briefing

 

In Bayonne, the local Democrats’ executive director called on Senator Menendez to resign.

 

In Branchburg, several routes may be prime for redevelopment, according to MyCentralJersey.

 

In Egg Harbor, the city won a $1M grant for tree maintenance and planting, according to the Press of Atlantic City.

 

In Haledon, the town suspended its borough administrator pending council discussion, according to NorthJersey.com.

 

In Hillsborough, the Education Association endorsed Marini and Nurse for BOE, according to TAPinto.

 

In Holmdel, the BOE will vote on dropping the transgender student policy, according to the Asbury Park Press.

 

In Lakewood, the schools have a monumental fiscal crisis, according to the Asbury Park Press.

 

In Morristown, the Medical Center is considering a huge expansion, according to the Daily Record.

 

In North Caldwell, voters rejected the bond referendum, according to TAPinto.

 

In Paterson, the Torres indictment stunned the city’s political world, according to Paterson Press.

 

In Plainfield, the city lost a contract with the Humane Society for animal control, according to MyCentralJersey.

 

In Princeton, high school students rallied for detained journalist Evan Gershkovich, according to the Trentonian.

 

In Red Bank, the council voted on salaries, according to TAPinto.

 

In Sea Isle City, a beach tag fee increase is being considered, according to TAPinto.

 

In Spotswood, voters approved school projects, according to MyCentralJersey.

 

In Stone Harbor, Cape May County will replace a bridge, according to the Press of Atlantic City.

 

ICYMI: In Paterson, Torres indicted again; in New Brunswick, judge ruled against Kratovil; in Prospect Park, Khairullah joined federal lawsuit; in White, no vote or public comment on warehouse; in New Brunswick, AG Platkin avoided taking side in press case; in Hanover, court blocked notification policy

 

 

AROUND THE WEB:

 

 

‘Astounding’ milestone: We cannot forget FDNY’s 9/11 sacrifice — then and now | Kelly

Mike Kelly, NorthJersey.com

 

  • The numbers tell us everything. On Sept. 11, 2001, 343 New York City firefighters perished when the twin towers of the World Trade Center in lower Manhattan collapsed into a massive rubble pile and clouds of smoke. It was the worst terrorist attack in American history. Indeed, the 343 deaths — murders actually — were the highest death toll in a single day by any fire department in the history of the world.

 

Yogi Berra Stadium is undergoing construction in Little Falls

Tariq Zehawi and Danielle Parhizkaran, NorthJersey.com

 

  • Video on the on-going work to build the Yogi Berra Stadium.

 

Sanders wants Menendez to resign, calls for Senate Ethics Committee probe if he doesn’t

John Heinis, Hudson County View

 

  • U.S. Senator Bernie Sanders (D-VT) is joining several of his colleagues in asking U.S. Senator Bob Menendez (D-NJ) to resign over his federal bribery indictment, calling for a Senate Ethics Committee probe if he doesn’t.

 

Are you in the middle class in New Jersey? Here’s the minimum income for a family in NJ.

Dorian Alerte,Asbury Park Press

 

  • What is the minimum annual income to be in the middle class in the United States? Well, ConsumerAffairs did some figuring, using a a calculator from the Pew Research Center and an inflation calculator from the U.S. Bureau of Labor Statistics to come up with the list.

 

Sen. Menendez: From smalltime NJ politics to bigtime political controversy

NJ Spotlight

 

  • The son of Cuban immigrants, Menendez lived most of his life in Hudson County. A lawyer who is in his 18th year in the Senate, the 69-year-old Menendez cut his teeth in politics almost a half-century ago when he won a board of education seat at age 20. But it was also there where Menendez first got embroiled in a New Jersey corruption probe — as a witness for the prosecution. Here’s a look at his life in politics, including allegations and investigations that have dogged him.

 

Legal experts compare Menendez indictments past and present

Brenda Flanagan, NJ Spotlight

 

  • Supporters cheered Sen. Bob Menendez after he was indicted in 2015. And fellow Democrats expressed solidarity with the senior New Jersey senator, who faced corruption charges for helping his longtime friend Dr. Salomon Melgen in exchange for trips and gifts. Back then, he asked New Jerseyans to “…remember — prosecutors get it wrong. Sadly, I know that.”

 

Sen. Menendez flips New Jersey the bird

Terrence T. McDonald, NJ Monitor

 

  • Six years ago, New Jersey Democrats rallied behind Sen. Bob Menendez’s reelection bid even though Menendez had just skated on federal corruption charges. Menendez has returned the favor by giving Democrats the middle finger.

 

What are NJ politicians doing with campaign cash they received from Menendez, Daibes?

Ashley Balcerzak, NorthJersey.com

 

  • A handful of New Jersey politicians say they will return campaign checks given to them by Sen. Bob Menendez, D-N.J., and one of the men indicted alongside him Friday on federal bribery and corruption charges.

 

New Jersey has not always been kind to native sons running for the presidency

David M. Zimmer, NorthJersey.com

 

  • Former Gov. Chris Christie is expected to take to the debate stage again Wednesday in his ongoing effort to become one of just a handful of major-party United States presidential candidates to hail from the Garden State.

 

Will NJ Latinos rally around Sen. Menendez? Why some leaders are staying on the sidelines

Ricardo Kaulessar, NorthJersey.com

 

  • When U.S. Sen. Bob Menendez lashed out at the criminal charges filed against him during a news conference on Monday, he did it in English and Spanish. It was a reminder that the Cuban American Democrat holds a historic place among Latinos in New Jersey, as the first Hispanic representative from New Jersey ever to serve in Congress. Menendez, during a news conference in his hometown of Union City, suggested his ethnicity may have something to do with the forces arrayed against him.

 

Sen. Menendez gets trolled — a lot — by fellow Democrat Fetterman. ‘Like Tony Soprano.’

Brent Johnson, NJ Advance Media for NJ.com

 

  • Days before calls for U.S. Sen. Robert Menendez to resign came pouring in from his Democratic colleagues in the Senate, it was a blunt-talking, hoodie-wearing maverick from New Jersey’s next-door neighbor who broke the seal in Congress’ upper chamber.

 

More NJ residents are using NJ law to end their own life

Dino Flammia, NJ1015

 

  • Each year, a growing number of New Jersey residents are utilizing a state law that lets them use medication to take their own life when their prognosis is extremely bleak. According to new data from the New Jersey Office of the Chief State Medical Examiner, 91 terminally ill patients took advantage of the Medical Aid in Dying program in 2022.

 

Leading with love, leaving with respect: Morristown’s first Hispanic cop hangs up his badge

Kevin Coughlin, Morristown Green

 

  • It’s called a walkout, a retirement ceremony where cops turn in their badges. The Morristown Police Bureau is having lots of walkouts. They always get applause, and sometimes tears, often set to bagpipes, with a few speeches thrown in and cake at the end.

 

NJBIZ panel explores health care technology

Kimberly Redmond, NJBIZ

 

  • As part of NJBIZ’s latest virtual discussion, experts from New Jersey-based organizations weighed in on how technology can be used to make health care delivery more efficient, inclusive and sustainable. Moderated by NJBIZ Editor Jeffrey Kanige, the Sept. 26 panel featured.

 

ROI-NJ presents its Top 30 Champions of the C-Suite honorees

ROI-NJ Staff

 

  • There are developers, builders and engineers — and a few folks to provide power. Transportation and the Port? We’ve got that covered, too. You can be sure there are a number of health care heroes (for pets, too) and academic leaders. And, of course, there is a banker, a fintech leader, a financier and an accountant to make sure the ledger is straight.

 

Build a strong education system for mother of all successes

LA Parker, The Trentonian

 

  • A press release that celebrated Saturday’s Trenton Family Festival offered these particulars. First Lady Tammy Murphy successfully hosted her 18th Nurture NJ Family Festival at the Hedgepeth-Williams Intermediate School in Trenton.

 

Somerset Hills Regional School District sued for alleged teachers union retaliation

Mike Deak, MyCentralJersey.com

 

  • A veteran art teacher at Bedwell Elementary School in Bernardsville who is the head negotiator of the district’s teachers union has filed a lawsuit against the Somerset Hills Regional School District, alleging he is the victim of retaliation for his union activities.

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Adhera Health Wins NIH/NIMHD Award to Advance its Digital …

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Adhera Health will leverage the award to adapt its evidence-based, self-management programs for chronic-condition-related fatigue to the U.S. Latinx population

With the NIH/NIMHD funding support, we will measure how to adapt personalized digital-based interventions for chronic condition-related fatigue to fit the needs of the Latinx population.”

— Jennifer Raymond, MD, MCR, Children’s Hospital Los Angeles

SANTA CRUZ, CA, UNITED STATES, September 26, 2023 /EINPresswire.com/ — Adhera Health, makers of a trailblazing AI-Precision Digital Companion platform, announced today that it received an award from the National Institute on Minority Health and Health Disparities (NIMHD), part of the National Institutes of Health (NIH). The award allows Adhera Health to adapt its evidence-based, self-management programs for chronic condition-related fatigue to the U.S. Latinx population with the goal of reducing health inequality.

“The NIH award will allow us to better understand and help US Latinx individuals living with chronic diseases and their family caregivers while accelerating the development of our Adhera Fatigue and Adhera Caring digital programs for the U.S. market,” said Ricardo C. Berrios, CEO of Adhera Health. “We believe our transdiagnostic AI-based digital interventions offer an innovative approach to helping individuals manage the triggers that cause fatigue, such as poor sleep, depression, stress, and anxiety. Now we’ll be able to optimize design, to enhance performance and wellbeing to better serve the U.S. Latinx population.”

In earlier studies, Adhera® Caring, a program dedicated to enhancing the physical and mental wellbeing of family caregivers of children with chronic conditions, showed significant reductions in depression and stress levels among family caregivers who utilized the digital program.

Fatigue is one of the most common symptoms impacting individuals living with chronic disease, extending to their family caregivers. Weariness from fatigue diminishes an individual’s self-management capabilities, resulting in increased instances of treatment nonadherence and ultimately leading to lower health outcomes. Currently, no digital health companions are available that tackle fatigue caused by chronic conditions, and certainly, none are designed for the Latinx population.

In the fall of 2023, Luis Fernandez-Luque, PhD, Chief Scientific Officer at Adhera Health, and his team will utilize the funding to spearhead a new human factors study. This study will focus on U.S. Latinx individuals dealing with multiple sclerosis (MS), rheumatoid arthritis (RA), and/or diabetes, as well as family caregivers of children with type 1 diabetes and MS. Additionally, the study will include several clinicians and key opinion leaders (KOLs) in the fields of psychology, MS, RA, and diabetes. The study is set to take place in Los Angeles County, California, with an anticipated research site at Children’s Hospital Los Angeles.

“Participating in this groundbreaking project with Adhera Health is a privilege,” said Jennifer Raymond, MD, MCR, Chief, Division of Endocrinology, Diabetes, and Metabolism at Children’s Hospital Los Angeles. “With the NIH/NIMHD funding support, we will measure how to adapt personalized digital-based interventions for chronic condition-related fatigue to fit the needs of the Latinx population. I’m especially excited to lead the research on pediatric diabetes which also includes addressing the physical and mental wellbeing of the family caregivers of children with Type 1 diabetes.”

Shannon McGinley
Adhera Health
+1 408-829-7221
smcginley@adherahealth.com




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Cannabis & psychedelics votes in Congress this week (Newsl…

Biden touts marijuana move; State lawmakers push SAFER Banking; CA gov on psychedelics; PA legalization; RI cannabis sales; ME entheogen decrim

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/ TOP THINGS TO KNOW

The House Rules Committee cleared two psychedelics amendments and a measure on pharmaceutical “drug interactions with marijuana” for floor votes this week.

President Joe Biden touted his cannabis clemency move at a Congressional Black Caucus event, saying that “God Almighty…no one should be in jail merely for the use of, possession of marijuana.”

California Gov. Gavin Newsom (D) says he’s not sure how he will decide on a psychedelics legalization bill that’s on his desk. The comments come as a new poll shows that a majority of likely voters in the state support the reform.

The National Conference of State Legislatures, which represents state lawmakers across the U.S., sent a letter calling on Congress to pass a marijuana banking bill.

Black Pennsylvania lawmakers discussed the prospects of legalizing marijuana in the state and the importance of ensuring equity is at the center of any legislation from the start.

The Portland, Maine City Council’s Health and Human Services and Public Safety Committee approved a psychedelics decriminalization resolution.

The Rhode Island Department of Business Regulation reported that retailers sold nearly $9.7 million worth of legal marijuana products in August—the fourth month in a row of record-setting cannabis sales.

The Missouri Division of Cannabis Regulation issued guidance defending its marijuana product testing system in the wake of a large-scale recall.

An Arkansas law firm is facing lawsuits alleging that it manufactured local ownership groups to obtain four of the state’s first 32 medical cannabis dispensary licenses.

/ FEDERAL

Democratic presidential candidate Robert F. Kennedy Jr. reiterated his plan to legalize marijuana and use the revenue to fund drug rehabilitation facilities.

The Congressional Research Service noted marijuana and psychedelics provisions included in the House-passed National Defense Authorization Act.

Sen. Kyrsten Sinema (I-AZ) spoke about her role in crafting a deal to advance marijuana banking legislation.

Sen. Cynthia Lummis (R-WY) tweeted, “When the Obama admin wrongfully targeted banks that worked with firearm companies under Operation Choke Point, we saw just how dangerous unchecked big gov can be. The SAFER Banking Act safeguards our liberties by outlawing backdoor attempts to erode our 2nd Amendment rights.”

House Judiciary Committee Democrats tweeted about the reintroduction of a federal marijuana legalization bill.

/ STATES

A lawsuit challenging Illinois regulators’ marijuana dispensary license award process was properly dismissed by a federal judge, the U.S. Court of Appeals for the Seventh Circuit ruled.

The woman who resigned shortly after being named Minnesota’s top marijuana regulator said press coverage of the issue was “one-sided.”

Utah regulators filed revised medical cannabis rules.

Maine regulators published guidance on increased marijuana product potency limits and on co-location of recreational and medical cannabis cultivation facilities.

Ohio regulators published updated medical cannabis patient and caregiver numbers.

The New York Cannabis Advisory Board will meet on Tuesday.

The Nevada Cannabis Advisory Committee’s Subcommittee on Federal Rescheduling/Descheduling will meet on Friday.


Marijuana Moment is tracking more than 1,000 cannabis, psychedelics and drug policy bills in state legislatures and Congress this year. Patreon supporters pledging at least $25/month get access to our interactive maps, charts and hearing calendar so they don’t miss any developments.

Learn more about our marijuana bill tracker and become a supporter on Patreon to get access.

/ LOCAL

Lubbock, Texas activists have collected around 3,800 signatures in support of a local marijuana decriminalization initiative.

The Three Rivers, Michigan City Council rejected a proposal to allow marijuana consumption lounges.

/ INTERNATIONAL

The head of the UK Labour Party said he has “no intention” of reforming drug laws if he gets a chance to form a government.

Portuguese lawmakers plan to file legislation to create a cannabis working group.

/ SCIENCE & HEALTH

A review concluded that “cannabinoids show promise as adjunctive therapy in spine surgery, offering potential benefits in pain control, augmenting fusion, neuroprotection, wound healing, inflammation, and mental health.”

A study of fish found that “CBD had a stress reducing effect under stressed conditions.”

/ ADVOCACY, OPINION & ANALYSIS

The Albany Times Union editorial board is calling on New York marijuana regulators to apologize for deleting public comment portions of a video of a recent meeting.

/ BUSINESS

Curaleaf and MPX NJ employees in Winslow and Sicklerville, New Jersey, respectively, voted to unionize.

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Photo courtesy of Chris Wallis // Side Pocket Images.

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Don’t Miss the Boom: 3 Cannabis Stocks Set to Explode High…

cannabis stocks to buy - Don’t Miss the Boom: 3 Cannabis Stocks Set to Explode Higher

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Navigating the ever-evolving investment landscape, one can’t help but be drawn to the captivating narrative surrounding cannabis stocks. The allure isn’t just in its novelty but its burgeoning promise. According to Pew Research, a staggering 88% of U.S. adults advocate for legalizing marijuana for both medical and recreational use. As states push for legalization and with more research highlighting cannabis’s potential health benefits, the idea of cannabis stocks will always remain relevant. However, it’s crucial to discern the wheat from the chaff. While some cannabis enterprises floundered in their nascent stages, others are flourishing, notably in the edibles sector. Given the current market ambivalence, several cannabis stocks appear primed for significant trajectories in the imminent future.

Cannabis Stocks to Buy: Cresco Labs (CRLBF)

An image of different forms of medical marijuana

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In the bustling U.S. cannabis landscape, Cresco Labs (OTCMKTS:CRLBF) is one of the most promising players in the sector. This powerhouse cultivates, manufactures and markets retail and medical cannabis products in the country.

With a vertically integrated model spanning 10 different states, Cresco tightly holds the reins on its operations and a network of about 68 dispensaries, paving the way for a broad growth canvas.

Furthermore, while the firm registers net losses, it’s noticeably leaner than peers in the cannabis realm. Cresco’s secret sauce might well be its vertical integration, which leads to a tighter operational leash, thereby trimming losses. Additionally, based on analyst estimates, it is making excellent progress in terms of breaking even, with a negative 13 cents EPS projection for fiscal 2024 compared to its basic EPS, at a negative 71 cents last year.

Curaleaf Holdings (CURLF)

marijuana stocks Hand gently holding rich soil for his marijuana plants

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Curaleaf Holdings (OTCMKTS:CURLF) is basking in the spotlight of rescheduling efforts, with its stock price rising over 61% in the past month.

Sporting 150 dispensaries across a wide expanse of 18 states, Curaleaf’s deep-seated presence in the U.S. positions it as a chief contender to reap the rewards from potential cannabis rescheduling. Though classified under the penny stock umbrella, Curaleaf stands on robust financial pillars. Despite the economic tumult, it effectively keeps its revenue stream flowing undeterred.

Delving deeper, the company’s influence extends over 21 cultivation sites, granting it an impressive scale and vertical integration edge. Moreover, with the coveted title of the top cannabis operator by sales, Curaleaf forecasts a whopping $1.3 billion in sales for 2023. Despite the economic challenges, the company has done relatively of late, recording a 3% year-over-year (YoY) increase in second-quarter sales. Moreover, it flaunts a 44% gross margin and positive free cash flow, indicative of its proficiency in operational execution. With emerging markets like New Jersey and New York gearing up, Curaleaf’s growth trajectory appears steeply inclined.

TerrAscend (TSNDF)

Cannabis farm

TerrAscend (OTCMKTS:TSNDF) is making waves in the cannabis sphere, primarily focusing on the U.S. and Canadian markets. Beyond the production of its hemp wellness offerings, it has effectively carved a niche with its artisan-inspired edibles.

This rising star hasn’t shied away from strategic growth, either. Its acquisition game is strong, evidenced by the recent takeover of Herbiculture, a Maryland-based medical dispensary. The move aims to expand its footprint and increase its EBITDA and cash flows significantly.

Financially, TerrAscend shines. Its second-quarter results flaunted a robust 12.7% YoY revenue surge to $72.1 million, paired with an impressive gross profit margin of 50.2%. Moreover, its forward-looking projections for 2023 are equally ambitious, with anticipated net sales of at least $305 million and adjusted EBITDA of $58 million, indicating YoY growth rates of 23% and 49%, respectively.

Given its promising financial performance and savvy acquisitions, the company seems poised for a breakout trajectory.

On the date of publication, Muslim Farooque did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.


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