Sep 05 2023
An official with the Biden Administration tells us it’s their belief that marijuana will be moved to schedule III prior to the 2024 election. In a letter sent recently to the Drug Enforcement Agency (DEA), the Department of Health (DOH) officially requested that marijuana to be reclassified as a Schedule III drug under the Controlled …
Sep 05 2023
In August there was $158 million in legal marijuana purchased in Massachusetts, according to the state’s Cannabis Control Commission. The nearly $160 million in legal marijuana and marijuana products sold in August breaks the state’s previous monthly record of $151.8 million set in June of this year. Although medical marijuana sales mirrored recent months with …
Sep 05 2023
A marijuana drive-thru is now open in Mount Carmel. Last week the medical marijuana dispensary The Forest opened the the first marijuana drive-thru in southwest Ohio, located at Mount Carmel (4412 Mount Carmel Tobasco Road). The dispensary allows patients to preorder marijuana and marijuana products online, which they can then pickup and purchase by using …
Sep 05 2023
On Thursday, September 7 members of the Eastern Band of Cherokee Indians (EBCI) in North Carolina will vote on a proposal that would legalize recreational marijuana. The EBCI legalized marijuana for medical purposes in 2021, and subsequently allocated $50 million to refurbish a bingo hall to become a medical marijuana superstore (which they recently began …
Sep 03 2023
Licensed marijuana retail outlets in Oregon sold over $80 million worth of marijuana and marijuana products in August. According to data released by the Oregon Liquor and Cannabis Commission, total marijuana sales for August was $81,631,600, roughly a quarter million dollars shy of the $81,880,154 sold in July. These sales include dried marijuana flower and …
Sep 03 2023
The “Stop Pot Act” has been introduced in the United States House of Representatives. Filed by North Carolina Congressman Chuck Edwards, the Stop Pot Act would withhold federal funding from states and tribes that have legalized recreational marijuana. “The laws of any government should not infringe on the overall laws of our nation, and federal …
Sep 01 2023
There was over $47 million in legal marijuana and marijuana products sold throughout the month of August. According to data released by the New Mexico Regulation & Licensing Department, marijuana retail outlets sold $47,714,498.16 worth of marijuana in August, falling just short of but essentially tying the monthly record of $47,759,256.32 sold in May. Of …
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 …
