Business

New Jersey Celebrates Record-Breaking Cannabis Sales Over 4/20 Weekend

By / May 2, 2024 /

New Jersey’s cannabis industry achieved remarkable success in the first quarter of 2024, as regulators reported a record-breaking $201 million in sales. Historic Highs Reached on 4/20 Weekend Over the…

Read More

DEA Proposal: How Cannabis Reclassification Might Affect Tennesseans

By / May 2, 2024 /

The U.S. Drug Enforcement Administration’s (DEA) plan to reclassify marijuana from a Schedule I to a Schedule III drug has ignited a debate among lawmakers in Tennessee. This potential change…

Read More

Senate Democrats Renew Push to Legalize Cannabis Nationwide

By / May 2, 2024 /

Senate Democrats reintroduced broad legislation on Wednesday to legalize cannabis on the federal level, a major policy shift with wide public support, but it is unlikely to be enacted this…

Read More

Cannabis Conflict: Federal Crackdown Shocks New Mexico’s Cannabis Growers

By / May 2, 2024 /

U.S. Customs and Border Protection has been seizing cannabis in the southern part of the state, sparking tensions with Democratic Gov. Michelle Lujan Grisham. Crackdown on Legal Cannabis Drug cartels…

Read More

Cross-Border Challenge: Canada’s Cannabis Pioneers Face Threat from US Competitors

By / May 2, 2024 /

This week’s announcement that the Biden Administration will move ahead to reclassify cannabis to a much less restricted drug class and ease federal restrictions could be the ray of sunshine…

Read More

TPCO and Gold Flora: Pioneering Merger in Vertically Integrated Cannabis Industry

By / May 1, 2024 /

In a move that signifies consolidation and strategic positioning within California’s cannabis industry, TPCO Holdings, known as The Parent Co., and Gold Flora have announced their intention to merge. This…

Read More

Price Drop: California County Set to Decrease Cannabis Cultivation Tax as Outdoor Flower Hits $277 Per Pound

By / May 1, 2024 /

Local officials in Sonoma County, Calif., are considering revisions to the county’s cannabis tax rates, aiming to balance the tax burden on cultivators and manufacturers while addressing the evolving dynamics…

Read More

Progress on Paper: Assessing DEA’s Move Towards Justice

By / May 1, 2024 /

This week, the Drug Enforcement Administration (DEA) has reportedly called for cannabis to be reclassified from Schedule I to Schedule III of the US Controlled Substances Act. This was the…

Read More

Elevating Expectations: Understanding the Effects of Cannabis Rescheduling on Cannabis Commerce

By / May 1, 2024 /

Key Insights and Implications of the DEA’s Monumental Decision After fifty years, the federal government finally acknowledged that marijuana has medical value and is not as dangerous as heroin. As…

Read More

Branching Out: The Cannabis Industry Quest for New Heights

By / May 1, 2024 /

Implications of the Justice Department’s Recommendation on Cannabis Rescheduling For years, the dreams of the cannabis industry looked like they might go up in smoke, with the U.S. government classifying…

Read More

Proposal in St. Louis: Extending Dispensary Hours and Introducing Cannabis Cafes

By / April 30, 2024 /

As the St. Louis Board of Aldermen commences its new session, Ward 14 Alderman Rasheen Aldridge is spearheading efforts to introduce legislation aimed at enhancing the city’s revenue streams. With…

Read More

Appeal in Progress: Companies Linked to Out-of-State Firms Fight Cannabis License Revocation

By / April 30, 2024 /

Two Missouri social-equity licensees, associated with Michigan-based company Canna Zoned, have launched appeals against the state’s decision to revoke their dispensary licenses. The contentious issue stems from concerns over compliance…

Read More