Category: News

Maine: $19 Million in Marijuana Sold Legally in October, Price Drops to All-Time Low

Revenue from legal marijuana sales in Maine saw a slight drop from September to October, but so did the average price of marijuana. According to Maine’s Office of Cannabis Policy, there was $18,998,932 in legal marijuana purchased in October. This is a decrease from the $20,347,890 sold in September. There were 341,369 different marijuana transactions …

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Missouri Initiative Would “Remove All Marijuana Government Oversight and Regulations”

An initiative to drastically reform Missouri’s marijuana laws was approved for circulation by the Missouri secretary of state, with signature gathering currently underway. The Missouri Marijuana Consumption and Regulation Amendment would “remove marijuana from the list of controlled substances and consider it a food.” The proposed law would also “remove all marijuana government oversight and …

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US Congress: Bipartisan Amendment Filed That Would Protect State Marijuana Laws

An amendment has been filed to a House spending bill that would explicitly protect states that have legalized marijuana. A bipartisan coalition of lawmakers have filed an amendment to the Commerce, Justice, Science, and Related Agencies spending bill, that will soon be considered by the House Rules Committee. The amendment was filed by Representatives Tom …

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$165 Million Worth of Legal Marijuana Sold in Illinois in October, Prices Reach All-Time Lows

In October there was $164.9 million in legal marijuana purchased in Illinois. According to the Illinois Department of Financial and Professional Regulation, recreational marijuana sales in October were $138.7 million, slightly less than the $139 million sold in September. Medical marijuana sales on the other hand saw a very small increase to $26.2 million, up …

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Federal Marijuana Banking Act Gains Three New Sponsors, Now Sponsored By 34% of Entire US Senate

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 …

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Indiana Legislative Committee Holds Nearly Seven Hour Marijuana Hearing

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 …

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Georgia Court Rules Delta-8 and Delta-10 THC Products Can Be Legally Sold

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 …

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Florida Supreme Court to Hold Hearing on Marijuana Legalization Initiative on November 8

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 …

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Study: Combining CBD and Caffeine Appears Safe and It Does Not Alter the Effects of Each Substance

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 …

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Wisconsin Marijuana Bill Would Garner $166 Million in Annual Tax Revenue, Says Government Analysis

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 …

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