Dec 16 2024
LEEF Brands, Inc., a publicly traded cannabis company, is making history as the first in the industry to adopt Bitcoin as a treasury reserve asset. The company has announced a private placement offering of up to $5 million in Bitcoin-backed convertible debenture units. Canaccord Genuity will act as the lead agent for the offering, which …
Dec 16 2024
Regulators in New York are weighing a recommendation to temporarily limit the number of marijuana retail licenses to 1,600. The suggestion comes from the Cannabis Advisory Board (CAB), which voted Friday to send the nonbinding proposal to the state Cannabis Control Board (CCB), according to a report originally published by MJBizDaily. CAB Chair Joseph Belluck …
Dec 16 2024
A group of Senate Democrats are pressing Majority Leader Chuck Schumer to hold a standalone vote on the SAFER Banking Act immediately, according to staffers from two Senate offices. The SAFER Banking Act, which seeks to provide marijuana businesses that are legal under state law with access to financial institutions, has stalled in the Senate, …
Dec 15 2024
There was $346 million in marijuana and marijuana products sold in California during November. Marijuana sales in California remained steady in November, with the $346 million in sales representing a slight 0.5% decrease compared to November 2023 and nearly identical to the $345.5 million sold last month. This is according to data released by the …
Dec 14 2024
Massachusetts now ranks third nationwide for pre-roll revenue, trailing only California and Michigan, according to data from Headset. Massachusetts prerolls sales reached $317 million in revenue from December 2023 to November 2024. This achievement is notable given Massachusetts’ modest population size, ranking 16th in the United States. Since the state launched its recreational marijuana market …
Dec 14 2024
There was just shy of $12 million in legal marijuana sold in Vermont in October. Data released by the Vermont Department of Taxes shows that there was $11.86 million in total marijuana sales in October, garnering the state $1.66 million in taxes. Sales were slightly less than, but roughly on par with, the $12.06 million …
Dec 14 2024
Washington State Representative Kristine Reeves (D) has prefiled legislation for the 2025 session that would move control of marijuana licensing away from the Liquor and Cannabis Board. House Bill 1067 seeks to transfer licensing and regulatory authority for marijuana production, processing, and testing from the Liquor and Cannabis Board to the Department of Agriculture. This …
Dec 13 2024
Governor Andy Beshear’s office has announced that it will partner with the Kentucky Office of Medical Cannabis and the Kentucky Lottery Corporation to oversee the second and final lottery for medical marijuana dispensary licenses. This event will determine selectees for dispensaries in the Kentuckiana and Bluegrass regions. According to state officials, four selectees will be …
Dec 13 2024
A New York trial court judge has halted state regulators from processing certain cannabis dispensary licenses. On Thursday, State Supreme Court Justice Sharon Graff issued a preliminary injunction preventing the state from processing licenses for dispensary applicants who had not secured municipal approval by November 17, 2023. The decision followed a lawsuit filed on behalf …
Dec 13 2024
In a double-blind randomized controlled, acute cannabidiol administration reduced alcohol craving and cue-induced nucleus accumbens activation in individuals with alcohol use disorder. Published in the peer reviewed journal Molecular Psychiatry, researchers from the University of Heidelberg in Germany and Karolinska Institutet in Sweden have unveiled compelling evidence supporting cannabidiol (CBD) as a treatment for alcohol …
