According to an official with the Drug Enforcement Administration (DEA), the agency’s proposal to reschedule marijuana is still on track to be finalized by October, most likely in September. On May 21, the DEA published its proposal to move marijuana to Schedule III in the Federal Register, launching a legally mandated 60-day public comment period. …
Category: News
Jul 09 2024
DEA’s Marijuana Rescheduling Proposal: 13 Days Left for Public Comment, 28,000 Responses So Far
There are now just 13 days left in the 60-day public comment period for the Drug Enforcement Administration’s (DEA) proposal to reschedule marijuana. On May 21, the DEA published its marijuana rescheduling plans in the Federal Register, initiating a legally required 60-day public comment period. As of July 9, with 13 days remaining, 28,000 comments …
Jul 09 2024
Federal Legislation to Decriminalize and Deschedule Marijuana and Allow Expungements Gains 93rd Sponsor
In the United States House of Representatives, legislation that would fully deschedule marijuana and allow expungement of marijuana convictions has gained its 93rd sponsor. Yesterday, Congressmember Greg Landsman (D-OH) officially became a sponsor of the Marijuana Opportunity Reinvestment and Expungement (MORE) Act, first introduced in April 2023. This addition brings the total number of sponsors …
Jul 08 2024
7/10: National Dab Day Explained
National Dab Day, celebrated annually on July 10, is a date with growing significance in the cannabis community, particularly among those who prefer concentrates. Also known simply as 710, the day is dedicated to dabbing, a method of consuming cannabis concentrates that has grown in popularity over the past decade, especially as more states continue …
Jul 08 2024
Oregon Union Submits Signatures for Initiative Requiring Marijuana Businesses to Enter Labor Peace Agreements
UFCW Local 555 has delivered over 163,000 signatures to the Oregon Secretary of State for verification of Petition 35, about 46,000 more than required to qualify for the November ballot. Once verified, this first-of-its-kind initiative is expected to appear on the statewide 2024 general election ballot this November. “Simply put, the ballot measure will require …
Jul 08 2024
North Dakota: Marijuana Initiative Signatures Submitted, Nearly 50% More Than Required for November Ballot
New Economic Frontier, a political committee promoting an initiative to legalize recreational marijuana, has submitted nearly 50% more signatures than required to place the proposal on the November 5 presidential election ballot. Today, New Economic Frontier submitted over 22,000 signatures for their initiative, far more than the 15,582 required to put the measure to a …
Jul 08 2024
Ohio Issues 188 Recreational Marijuana Licenses, Sales to Start Any Day Now
The Ohio Division of Cannabis Control (DCC) has issued 188 provisional dual-use licenses for medical marijuana companies seeking to serve the recreational marijuana market. On June 7, the DCC opened the application process for existing medical marijuana companies that wish to service the newly legal recreational marijuana market. As of today, the DCC has issued …
Jul 08 2024
The 10 Largest Marijuana Companies by Market Cap
Despite marijuana remaining illegal in most countries and in a majority of U.S. states, many marijuana companies have continued to thrive. Currently, only a few nations, such as Canada and Uruguay, have legalized recreational marijuana. In the U.S., 24 states have legalized recreational marijuana. Regarding medical marijuana, around 40 countries have legalized it, alongside 38 …
Jul 08 2024
Report: Legalizing Marijuana in Pennsylvania Would Generate Over $2 Billion in Annual Sales, Over 30,000 New Jobs
According to a newly released analysis, if marijuana is legalized in Pennsylvania it will create over 30,000 new jobs, with the total market generating over $2 billion in annual sales. Titled Estimating the Economic Impacts of an Adult Use Cannabis Market in Pennsylvania, the report was conducted by FTI Consulting. For the report, FTI “projected …
Jul 08 2024
Over $10 Billion in Legal Marijuana Sold in the United States in First Half of 2024
Legal marijuana states combined for over $10 billion in sales in the first half of the year, according to an analysis by The Marijuana Herald. Among the 24 legal marijuana states in the US, 20 have licensed marijuana stores currently operating and reporting sales data. Virginia is the only legal marijuana state that does not …