News

Democratic Senator Expresses Ongoing Concerns Over Cannabis Banking Bill’s Lack of Criminal Justice Reform

By / May 21, 2024 /

Senator Raphael Warnock (D-GA), who was the sole Democrat to oppose the Secure and Fair Enforcement Regulation (SAFER) Banking Act during a committee vote last year, has reiterated his support…

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Former Obama Drug Czar Criticizes Cannabis Rescheduling as Politically Motivated

By / May 21, 2024 /

Gil Kerlikowske, the former U.S. drug czar under President Barack Obama, expressed doubt about marijuana’s medical efficacy and criticized the Biden administration’s move to reschedule cannabis. In a recent interview…

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High Demand, Low Supply: Martha’s Vineyard Faces Cannabis Shortage

By / May 21, 2024 /

Martha’s Vineyard and Nantucket face the looming possibility of a cannabis supply shortage this summer due to stringent shipping regulations. Two prominent dispensaries, Island Time in Vineyard Haven and Green…

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California Considers Introducing Cannabis Cafés

By / May 21, 2024 /

The California State Assembly recently passed AB-1775, titled “Cannabis: Retail Preparation, Sale, and Consumption of Non-cannabis Food and Beverage Products.” This bill, now heading to the state Senate for approval,…

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New York Cracks Down on Illegal Weed Shops Once More

By / May 21, 2024 /

Even among supporters of legal cannabis, there is a growing consensus that the proliferation of weed shops in New York City has become excessive, with many operating outside the law.…

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First Legal Cannabis License in Syracuse Awarded to Health Care Agency, No Plans for Implementation

By / May 21, 2024 /

Early last year, an affiliate of Central New York’s largest nursing home operator, Loretto, was granted the region’s first conditional license for selling legal recreational marijuana. However, Loretto has recently…

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California Lawmakers Pass Cannabis Café Legalization Bill

By / May 21, 2024 /

California lawmakers have taken a significant step toward legalizing cannabis cafes in the state by approving a bill, months after a previous version was vetoed by the governor. The Assembly…

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Adult-Use Cannabis Generates Over $20B in State Tax Revenue

By / May 20, 2024 /

Revenue generated by adult-use cannabis markets in the U.S. is showing its true impact on the economy. According to a report by the Marijuana Policy Project (MPP), adult-use cannabis markets…

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Cannabis Stocks Skyrocket Following Biden’s Announcement of Rescheduling to Schedule

By / May 20, 2024 /

Cannabis stocks spiked immediately after President Joe Biden announced the reclassification of cannabis from a Schedule I to a Schedule III drug, endorsing the Justice Department’s recommendation. Biden posted a…

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USDA Reports Rising Yields and Prices in Hemp Industry After Years of Declines

By / May 20, 2024 /

The U.S. hemp industry, which has weathered years of tumultuous fluctuations, is now showing signs of stability and growth, according to the latest National Hemp Report released by the U.S.…

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Tribally Owned Cannabis Stores Experience 25% Growth Since 2023

By / May 20, 2024 /

The past year has witnessed a remarkable surge in the growth of marijuana businesses owned and operated by Native American tribes across the United States. This growth signals not only…

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Research Shows Some Cannabis Cultivars Resist Hop Latent Viroid Symptoms

By / May 20, 2024 /

Hop latent viroid (HLVd), a major threat to cannabis growers in the United States and Europe, is now under increased scrutiny as researchers seek ways to control its spread and…

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