Nov 04 2023
The SAFER Banking Act is now sponsored by 34% of the entire United States Senate. The SAFER Banking Act (S.2860) gained three new sponsors this week, joining the 31 already cosponsoring the bill. The new sponsors are Senators Alejandro Padilla (D-CA), Bernie Sanders (I-VT) and Brian Schatz (D-HI). The primary sponsor of the legislation is …
Nov 04 2023
A legislative study committee recently held a hearing to discuss the potential of decriminalizing or legalizing marijuana in Indiana, with the meeting lasting nearly seven hours. The Commerce and Economic Development Interim Study Committee, consisting of both senators and state representatives, held the meeting on Wednesday. Although members discussed a variety of potential approaches for …
Nov 03 2023
The Georgia Court of Appeals ruled yesterday that products derived from hemp containing Delta-8 THC and/or Delta-10 THC are not controlled substances and thus can be legally sold in the state. The ruling also applies to all products containing other hemp-derived cannabinoids including CBD (cannabidiol), CBG (cannabigerol) and CBN (cannabinol). The ruling stems from police …
Nov 03 2023
The Florida Supreme Court will hold a hearing Wednesday, November 8 to decide whether or not an initiative to legalize marijuana will be placed on next year’s general election ballot. In June the Florida Division of Elections confirmed that the Smart & Safe Florida campaign submitted 967,528 validated signatures on their marijuana legalization initiative, well …
Nov 03 2023
The findings of a study published yesterday “suggest that combinations of the tested doses of caffeine and CBD do not alter subjective drug effects”, and “no negative effects emerged”. The study is being published in the upcoming issue of the journal Experimental and Clinical Psychopharmacology, and it’s been published online ahead of print by the …
Nov 02 2023
Recently filed legislation to legalize marijuana in Wisconsin would result in over $165 million in annual tax revenue by the third year, according to an official fiscal note for the bill. Senate Bill 486 was filed last month with a bipartisan coalition of 36 cosponsors, with a companion fill filed in the state’s Assembly the following …
Nov 02 2023
US Senator Sherrod Brown (D, Ohio), Chair of the powerful Senate Committee on Banking, Housing, and Urban Affairs, has announced that he has voted in support of Issue 2 to legalize marijuana. “Connie and I just voted early today at the Cuyahoga County Board of Elections”, Brown said in a post on the social media …
Nov 02 2023
Just days after the DEA announced that it’s seeking to drastically increase the amount of THC, ibogaine and magic mushrooms being produced this year for research purposes, the agency has announced that they are also seeking to substantially increase the amount of these products it hopes is manufactured in 2024. “The Drug Enforcement Administration (DEA) …
Nov 02 2023
Nevada marijuana stores sold just shy of $70 million worth of legal marijuana and marijuana products in August. There was exactly $69,503,165 in legal marijuana sold in August, according to the Nevada Department of Taxation. This is around $2 million less than the total sales for July, although tax revenue was actually higher; $10,594,977 compared …
Nov 02 2023
Oregon marijuana sales saw a slight decrease from September to October, but there was still nearly $80 million sold. According to data released by the Oregon Liquor and Cannabis Commission, there was $78,623,246 worth of legal marijuana and marijuana products sold in October. This includes dried flower, concentrates, edibles, topicals and tinctures. The $78.6 million …
