Sep 01 2023
Legislation to legalize the personal possession of several psychedelic substances has been passed by a third Assembly committee, allowing it to advance to the full Assembly. The Assembly Appropriations Committee has given approval to Senate Bill 58, a measure to legalize the “possession, preparation, obtaining, transfer, as specified, or transportation of” psilocybin, psilocyn, mescaline, ibogaine …
Sep 01 2023
The Global Cannabis Stock Index has seen a significant jump following news that the Department of Health is requesting the DEA reschedule marijuana from Schedule 1 to Schedule III. Last week, on August 24, the Global Cannabis Stock Index was at 7.29, the lowest ever recorded since the index’s creation in 2013. As of yesterday, …
Sep 01 2023
Drivers and budtenders at Ascend Cannabis Provisions in Michigan have overwhelmingly ratified their first contract with Teamsters Local 406. It is the second collective bargaining agreement in the Michigan cannabis industry that the Teamsters have ratified, and the first in the Western part of the state. The agreement features significant improvements, including an immediate raise …
Sep 01 2023
South Dakota Attorney General Marty Jackley has approved the final summary language for an initiative to legalize marijuana that proponents are hoping to put to a vote in 2024. Proponents of the measure must now collect 17,509 signatures from registered South Dakota voters in order to put the issue before voters in November, 2024. If …
Sep 01 2023
Consuming high-CBD/low-THC marijuana doesn’t adversely impact driving abilities, but THC may be detected up to five hours after, according to clinical trial data published in the International Journal of Legal Medicine. Conducted by researchers at the University of Basel, the aim of this “prospective, placebo-controlled, double-blind, randomized, cross-over study was to determine cannabinoid levels in …
Aug 30 2023
Legislation that would legalize marijuana for everyone 21 and older, first filed in January, has been scheduled for a legislative work session next week. The subcommittee work session on House Bill 544 will take place at 10 am in Legislative Office Building 302-304. The proposed law was filed by State Representative Daniel Eaton along with …
Aug 30 2023
Earlier today we reported that U.S. Assistant Secretary of Health sent a letter to the DEA recommending that marijuana be rescheduled. Now the head of the the Department of Health has confirmed the news. “I can now share that, following the data and science, @HHSGov has responded to @POTUS’ directive to me for the Department …
Aug 30 2023
Connecticut’s Social Equity Council and Department of Economic and Community Development says its Canna-Business Revolving Loan Fund is now actively accepting applications. The new fund was established under the state’s marijuana legalization law. It offers social equity licensees loans with a fixed rate of 3%. In addition applicants who enroll in and complete SEC’s accelerator …
Aug 30 2023
According to a new report the global medical marijuana oil market was sized at $2.1 billion in 2021, and is forecast to grow to $7.1 billion by 2030. The over tripling of value by 2030 would mark a compound annual growth rate (CAGR) of 12.1% during the forecast period of 2022 to 2030, finds the …
Aug 30 2023
At a press conference California Attorney General Rob Bonta announced his plan to lower marijuana prices and combat illicit marijuana grows. “The barriers to entry are too high”, Bonta said. “The costs to stay in operation are too high. And we should be lowering taxes at least temporarily for our legal cannabis businesses”. Bonta unveiled …
