--- title: Your Top 5 News Stories - December 8, 2021 description: Move to let legal cannabis businesses open bank accounts stalled again in U.S. Senate, Illinois’ Weed Tax Windfall Tops $560 Million. Here’s Where the Money Goes, and more! image: https://blog.newfrontierdata.com/hubfs/Screen%20Shot%202021-12-08%20at%203.00.22%20PM.png --- [![](https://blog.newfrontierdata.com/hs-fs/hubfs/logo-ondark.png?width=431&height=233&name=logo-ondark.png "logo-ondark.png")](https://newfrontierdata.com/) # Your Top 5 News Stories - December 8, 2021 December 08, 2021 [In Sight Daily](https://blog.newfrontierdata.com/topic/in-sight-daily) [![MicrosoftTeams-image (18)-Aug-10-2021-02-42-34-78-PM](https://blog.newfrontierdata.com/hs-fs/hubfs/MicrosoftTeams-image%20(18)-Aug-10-2021-02-42-34-78-PM.png?width=720&name=MicrosoftTeams-image%20(18)-Aug-10-2021-02-42-34-78-PM.png)](http://newfrontierdata.com) [![equio-hemp-782x90-Web-v5](https://blog.newfrontierdata.com/hubfs/equio-hemp-782x90-Web-v5.jpg)](https://newfrontierdata.com/equio-features/) --- ![legislative](https://blog.newfrontierdata.com/hs-fs/hubfs/legislative.jpg?width=695&name=legislative.jpg) | [![Screen Shot 2021-12-08 at 3.00.22 PM](https://blog.newfrontierdata.com/hubfs/Screen%20Shot%202021-12-08%20at%203.00.22%20PM.png)](https://www.nj.com/marijuana/2021/12/move-to-let-legal-cannabis-businesses-open-bank-accounts-stalled-again-in-us-senate.html)   | [**Move to let legal cannabis businesses open bank accounts stalled again in U.S. Senate**](https://www.nj.com/marijuana/2021/12/move-to-let-legal-cannabis-businesses-open-bank-accounts-stalled-again-in-us-senate.html) The U.S. House added the SAFE Act as an amendment to an essential defense bill, but Senate members removed it from the final version.  | | --- | --- | --- ![finance](https://blog.newfrontierdata.com/hs-fs/hubfs/finance.jpg?width=695&name=finance.jpg) | [![Screen Shot 2021-12-08 at 3.01.33 PM](https://blog.newfrontierdata.com/hubfs/Screen%20Shot%202021-12-08%20at%203.01.33%20PM.png)](https://chicago.suntimes.com/cannabis/2021/12/7/22812374/illinois-marijuana-taxes-recreational-pot-sales-state-boxing-out-negativity-day-simp-derek-brown)   | [**Illinois’ Weed Tax Windfall Tops $560 Million. Here’s Where the Money Goes**](https://chicago.suntimes.com/cannabis/2021/12/7/22812374/illinois-marijuana-taxes-recreational-pot-sales-state-boxing-out-negativity-day-simp-derek-brown) New Frontier Data underscores instances of how cannabis revenues now allow for state and local programs that would otherwise go unfunded.  | | --- | --- | --- ![wild card](https://blog.newfrontierdata.com/hs-fs/hubfs/wild%20card.jpg?width=695&name=wild%20card.jpg) | [![Screen Shot 2021-12-08 at 3.02.29 PM](https://blog.newfrontierdata.com/hubfs/Screen%20Shot%202021-12-08%20at%203.02.29%20PM.png)](https://www.investingdaily.com/72652/the-pot-ma-boom-ganjapreneurs-invade-wall-street/)   | [**The Pot M&A Boom: “Ganjapreneurs” Invade Wall Street**](https://www.investingdaily.com/72652/the-pot-ma-boom-ganjapreneurs-invade-wall-street/) A New Frontier Data report details 2021’s record-breaking cannabis deals worth some $5.5 billion across U.S.-based industry subsectors.    | | --- | --- | --- [![NXTecK-DMP-782x90-1](https://blog.newfrontierdata.com/hs-fs/hubfs/NXTecK-DMP-782x90-1.gif?width=695&name=NXTecK-DMP-782x90-1.gif)](https://newfrontierdata.com/nxteck/) --- ![tech science innovation](https://blog.newfrontierdata.com/hs-fs/hubfs/tech%20science%20innovation.jpg?width=695&name=tech%20science%20innovation.jpg) | [![Screen Shot 2021-12-08 at 3.03.23 PM](https://blog.newfrontierdata.com/hubfs/Screen%20Shot%202021-12-08%20at%203.03.23%20PM.png)](https://www.forbes.com/sites/javierhasse/2021/12/08/producing-cannabis-biomass-without-growing-a-cannabis-plant-how-one-company-is-doing-it/?sh=5034a6a738cd)   | [**Producing Cannabis Biomass Without Growing A Cannabis Plant: How One Company Is Doing It**](https://www.forbes.com/sites/javierhasse/2021/12/08/producing-cannabis-biomass-without-growing-a-cannabis-plant-how-one-company-is-doing-it/?sh=15e5958138cd) Canadian-Israeli biotech firm BioHarvest Sciences says that it has produced 10kg+ of full-spectrum cannabis without the actual plant.  | | --- | --- | --- ![social cultural](https://blog.newfrontierdata.com/hs-fs/hubfs/social%20cultural.jpg?width=695&name=social%20cultural.jpg) | [![Screen Shot 2021-12-08 at 3.04.32 PM](https://blog.newfrontierdata.com/hubfs/Screen%20Shot%202021-12-08%20at%203.04.32%20PM.png)](https://www.architecturaldigest.com/gallery/best-cannabis-gifts)   | [**We Highly Recommended These 40 Cannabis Gifts**](https://www.architecturaldigest.com/gallery/best-cannabis-gifts) As a sign of how far mainstream acceptance of cannabis has come, a holiday gift guide by a century-old, interior design magazine might do.  | | --- | --- | --- ![event](https://blog.newfrontierdata.com/hs-fs/hubfs/event.jpg?width=1200&name=event.jpg)[![MicrosoftTeams-image (58)-1](https://blog.newfrontierdata.com/hubfs/MicrosoftTeams-image%20(58)-1.png)](https://newfrontierdata.zoom.us/webinar/register/4216191920335/WN_A3jM377fSISRpIIPz7xC1w?utm_campaign=Cultivating%20Capital%3A%20Cannabis%20Finance%20and%20Investment&utm_source=email&utm_medium=HubSpot&utm_term=newsletter&utm_content=Cannabis%20Capital%20Webinar) --- [![SIN blue](https://blog.newfrontierdata.com/hs-fs/hubfs/SIN%20blue.png?width=300&name=SIN%20blue.png)](http://newfrontierdata.com) [![NFDLogoBlueAquaStacked](https://blog.newfrontierdata.com/hs-fs/hubfs/NFDLogoBlueAquaStacked.png?width=200&name=NFDLogoBlueAquaStacked.png)](http://newfrontierdata.com) [NewFrontierData.com](http://newfrontierdata.com) ![61734b2a-5216-4ab5-a33f-e6179eeccc23-2](https://blog.newfrontierdata.com/hs-fs/hubfs/61734b2a-5216-4ab5-a33f-e6179eeccc23-2.png?width=110&name=61734b2a-5216-4ab5-a33f-e6179eeccc23-2.png) ![1954288e-d406-47de-8f36-55e27d3d8433](https://blog.newfrontierdata.com/hubfs/1954288e-d406-47de-8f36-55e27d3d8433.png) - [Tweet](https://twitter.com/share) [In Sight Daily](https://blog.newfrontierdata.com/topic/in-sight-daily) Share this post: - [Tweet](https://twitter.com/share) - [In Sight Daily (146)](https://blog.newfrontierdata.com/topic/in-sight-daily) ###### Gain access to actionable insight for the cannabis industry today! ![](https://newfrontierdata.com/wp-content/uploads/2021/05/equio-screen-national.png) [Free Trial](https://newfrontierdata.com/equio-features/) **LOCATIONS** HEADQUARTERS 1400 I Street NW, Suite 350 Washington, D.C. 20005 [info@newfrontierdata.com](mailto:info@newfrontierdata.com) 844-420-D8TA (3882)   Copyright © 2014-2021  Frontier Financial Group, Inc. 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