May 03 2024
In March, Arizona collected over $24 million in tax revenue from legal marijuana sales. Arizona collected a total of $24,308,528 in marijuana taxes in March. This figure slightly exceeds the $23.4 million collected in March 2023 and the $22.4 million in March 2022, illustrating a consistent upward trend in revenue from the state’s marijuana sales. …
May 03 2024
According to recent data from the Oregon Liquor and Cannabis Commission, legal marijuana sales in April amounted to $81,436,230. This figure represents a slight decrease from the $82,352,507 recorded in March, yet remains substantially higher than the $75.6 million in January and the $75.9 million in February. Since the initiation of recreational marijuana sales in …
May 03 2024
The Congressional Research Service (CRS) has released an updated report titled Legal Consequences of Rescheduling Marijuana. Established in 1914, the CRS is a division of the Library of Congress that provides nonpartisan analysis for federal lawmakers. Following the Biden Administration’s decision to move marijuana to Schedule III, the CRS has released an updated report detailing …
May 02 2024
The nation’s largest anti-marijuana political group has established a “Rescheduling Legal Defense Fund” to potentially sue over the Biden Administration’s decision to reclassify marijuana as Schedule III. “The Biden Administration announced plans to weaken federal regulations on marijuana by moving it to Schedule III. Let’s be clear: this does not mean marijuana is legalized—it will …
May 02 2024
In a pivotal ruling, New Jersey’s state appellate court has upheld the compatibility of its recreational marijuana legislation with existing federal marijuana enforcement norms, announcing their decision this Wednesday. Judge Jack Sabatino, along with a two-judge panel, supported a previous lower court’s decision which had dismissed claims by a faction of Highland Park residents. These …
May 02 2024
Washington State legalizing recreational marijuana did not lead to an increase in the percentage of young people driving under the influence of either cannabis or alcohol, finds a new study. The study was published in the recent issue of the journal Prevention Science, and it was conducted by researchers at the University of Washington. The study …
May 02 2024
According to a study published in the journal Evidence-Based Dentistry, a purified CBD formulation, known commercially as Epidiolex, significantly alleviates acute toothache symptoms. This finding comes from a placebo-controlled clinical trial involving 61 participants experiencing moderate to severe dental pain. The study was conducted by researchers at the University Hospital Crosshouse in Scotland, and the …
May 02 2024
The Independent Community Bankers of America (ICBA) released new polling today showing that most Americans believe federal marijuana banking legislation would have a positive impact. “64% of Americans agree that the SAFER Banking Act’s provisions allowing cannabis-related businesses to access the banking system would help improve public safety”, found the poll. The poll also found …
May 02 2024
Sales for New Jersey’s legal marijuana market for the first quarter of 2024 totaled more than $201 million —a 38% increase compared to the same period last year. Sales from January to March 2023 were generated by 24 licensed dispensaries, whereas that number increased by 96, to a total of 130 licensed dispensaries, in the …
May 02 2024
In the United States House of Representatives, the SAFE Banking Act to allow marijuana banking has just gained its 117th sponsor. Representative Gabe Vasquez (D-NM) has signed on as a cosponsor to the SAFE Banking Act, giving it is 107th sponsors since the measure was filed in September by a group of 10. A Senate …
