Mar 27 2024
The Global Cannabis Stock Index has seen a large increase in value over the past six months. The Index ended the day valued at 10.49, the first time it’s been above 10 since September. The current value marks a 51% increase over the value from exactly five months ago on October 27, when the market was …
Mar 27 2024
The Florida Supreme Court has until Monday, April 1 to decide the fate of Amendment 3, an initiative to legalize recreational marijuana. Last year the nonprofit political group Smart & Safe Florida campaign submitted 967,528 valid signatures on their initiative to legalize recreational marijuana, more than the 891,523 signatures required to put the measure a …
Mar 27 2024
An overwhelming share of U.S. adults say marijuana should be legal for medical and/or recreational use, according to a new nationwide Pew Research Center Poll. Nearly six-in-ten Americans (57%) say that marijuana should be legal for medical and recreational purposes, while roughly a third (32%) say that marijuana should be legal for medical use only. Just …
Mar 27 2024
A pair of US Representatives have expressed “frustration” that the Department of Justice has not reissued enforcement guidance that discourages federal interference with state marijuana laws, saying the current situation has led to a “legal limbo.” The letter was sent to US Attorney General Merrick Garland, and signed by Congressmembers Earl (D-OR) Blumenauer and Barbara …
Mar 27 2024
A group of Republican Senators sent a letter today to the Drug Enforcement Administration (DEA) requesting they reject a request to reschedule marijuana. US Senator Mitt Romney (R-UT) today led his Foreign Relations Committee colleagues, Ranking Member Jim Risch (R-ID) and Senator Pete Ricketts (R-NE), in a letter to the Drug Enforcement Administration (DEA) Administrator …
Mar 27 2024
Federal legislation to allow marijuana banking now has 109 sponsors in the US House of Representatives, representing 25% of the entire chamber. The SAFE Banking Act now has 109 sponsors, with Congressmembers David Trone (D-MD) and Chellie Pingree (D-ME) signing on yesterday as the measure’s newest cosponsors. In the Senate, the SAFER Banking Act, has …
Mar 26 2024
Legislation to extend the sunset period for Louisiana’s medical marijuana pilot program has been passed by the state’s full Senate. Senate Bill 228, filed by Senator Patrick McMath earlier this month, was passed by the Senate today by a vote of 32 to 5. This sends the measure to the House of Representatives, with passage …
Mar 26 2024
Lawmakers in Delaware’s Legislature have advanced legislation to protect banks and other financial institutions that provide services to state-legal marijuana businesses. Today the House of Representative’s Economic Development/Banking/Insurance & Commerce Committee advanced House Bill 355, moving it towards a vote by the full House. The measure, sponsored by Representative Ed Osienski and Senator Trey Paradee …
Mar 26 2024
The United Sates Department of Agriculture (USDA) has given regulatory approval to a genetically modified hemp strain that’s free of THC and CBD. The strain, called “Badger G” and developed by the Wisconsin Crop Innovation Center at the University of Wisconsin-Madison, is unique due to its absence of THC and CBD. Those behind the strain …
Mar 26 2024
Legislation to legalize recreational marijuana is just a couple steps away from becoming law in Hawaii. Senate Bill 3335 would legalize recreational marijuana for everyone 21 and older, including establishing a system of licensed, regulated and taxed marijuana retail outlets. Earlier this month the measure was given approval through the full Senate by a vote …
