Mar 25 2024
In the final quarter of 2023, legal marijuana states combined to make over $700 million in marijuana tax revenue, according to government data. Data released by the US Census Bureau shows that among the states that currently allow it, licensed marijuana sales garnered $710 million in tax revenue during the final quarter of 2023, cover …
Mar 25 2024
A proposal in the House of Representatives to protect state marijuana laws has garnered its 10 legislative sponsor. Congressmember Bonnie Watson Coleman (D-NJ) has officially signed on as a cosponsor to the STATES (Strengthening the Tenth Amendment Through Entrusting States) Act 2.0, bringing the total to 10. The measure was filed in December by Representative …
Mar 25 2024
An advisory committee for national Republicans says marijuana causes “violence, depression and suicide”, and they’re calling on Republican lawmakers to oppose legislation allowing banks to work with state-legal marijuana businesses. The House Republican Policy Committee has released a report declaring their opposition to the SAFE/SAFER Banking Acts, which would allow marijuana banking, as well as …
Mar 25 2024
In the United States there are hundreds of active marijuana strains (there’s over 600 in Massachusetts alone), but these 10 stand out among the crowd in terms of their popularity. There are currently 24 states with legal recreational marijuana, and 38 with legal medical marijuana. The vast majority of these states have thriving legal marijuana …
Mar 25 2024
Legislation establishing a pilot program allowing hospitals to administer psilocybin and MDMA has become law without a signature from the governor. Senate Bill 266, sponsored by Senate Majority Whip Kirk Cullimore (R) and House Speaker Pro Tempore James Dunnigan (R), was approved unanimously through both the House and Senate. Governor Spencer Cox (R) was given …
Mar 25 2024
Legislation allowing the personal possession and home cultivation of marijuana cleared its final parliamentary hurdle on Friday and will officially take effect next week. Members of German Parliament’s upper house and lower chamber have both given approval to legislation legalizing recreational marijuana for residents who are at least a18 years old. The law allows for …
Mar 25 2024
According to new polling commissioned by the American Bankers Association (ABA), a large majority of American adults support passing federal marijuana banking legislation. “The data released today also indicate that by greater than a 3-to-1 margin (63% support vs. 17% oppose) U.S. adults support Congress passing legislation that allows cannabis businesses to access banking services …
Mar 25 2024
February marijuana sales topped sales for January, despite the month being two days shorter. According to the Illinois Department of Financial and Professional Regulation, there was $160 worth of marijuana sold legally in February. This includes dried marijuana flower as well as a variety of marijuana products including concentrates, edibles and topicals. The roughly $160 …
Mar 25 2024
The Global Cannabis Stock Index is currently 24% higher now than it was on January 2. At the time of publication the Global Cannabis Stock Index stands at 9.96. This is a 24% increase over the 8.03 value the market held on January 2, the first business day of the year. The current value is a …
Mar 24 2024
The Drug Enforcement Administration (DEA) is currently conducting a review of marijuana’s Schedule I status. Here’s a timeline of how this review began, what’s happened since, and what comes next. The DEA’s review of marijuana’s scheduling status was prompted by the Department of Health and Human Services (HHS) sending a letter to the agency in …
