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 …
Aug 30 2023
A senior official at the US Department of Health and Human Services has officially recommended that the government ease restrictions on marijuana. In a letter addressed to the Drug Enforcement Agency (DEA) administrator Anne Milgram, U.S. Assistant Secretary for Health Rachel Levine asked for marijuana to be reclassified as a Schedule III drug under the …
Aug 30 2023
Sponsors of legislation to legalize recreational marijuana in the North Carolina plan to continue their support in the next session and beyond. Senate Bill 346, a measure to legalize marijuana, was filed in March by Senator Graig Meyer. By the following month it had seven sponsors, representing almost 15% of the entire Senate. A companion …
Aug 30 2023
In yet another setback for the legal marijuana industry in New York, a state Supreme Court judge has put a hold on all marijuana licenses. Marijuana was legalized in New York in 2021, with state lawmakers and officials declaring that the first batch of licenses for marijuana retail outlets would be reserved for small nonprofit …
Aug 30 2023
Minnesota recently legalized recreational marijuana, and now a new course at St. Cloud State University could help those wanting to take part in the new industry. The 24-week certificate courses being offered by St. Cloud makes them the first in Minnesota to ever offer marijuana certificates. The program, with the tagline “Become an Industry Leader”, …
Aug 29 2023
Canada exported 50% more marijuana in the most recent fiscal year than it did in the prior fiscal year, according to data released by Health Canada and first reported by MJBizDaily. In fiscal year 2022-23 Canada shipped CA$160 million ($118 million) worth of marijuana and marijuana products overseas. This is a substantial increase over the …
Aug 29 2023
A circuit judge in Montgomery County, Alabama has extended a temporary moratorium that prevents the state’s Medical Cannabis Commission (AMCC) from issuing licenses to medical marijuana businesses. In June the Alabama Medical Cannabis Commission announced the 21 companies selected to receive licenses to grow, process, transport, test and sell medical marijuana. Earlier this month the …
