Oct 04 2023
The New Jersey Appellate Division has ruled that it was appropriate for a workers’ compensation judge to order an employer to reimburse its employee for their medical marijuana expenses as part of his workers’ compensation case. In the case Vincent Hager v. M&K Construction, the employee, Vincent Hager, suffered an injury while working for M&K …
Oct 04 2023
In Illinois there was $165.5 million worth of marijuana sold legally in September. Recreational marijuana consumers purchased $139.5 million worth of marijuana in September, a slight increase over the $139.2 sold in August. In terms of medical marijuana, there was $26 million purchased in September, a slight decrease from the $26.5 million sold in August. …
Oct 04 2023
The removal of Kevin McCarthy as Speaker of the House, and the potential for weeks or months without a replacement, is at least temporarily a bad sign for those hoping the SAFER Banking Act will be passed into law this year. Last week the Senate Committee on Banking, Housing and Urban Affairs passed the SAFER Banking …
Oct 04 2023
The global market for cannabidiol (CBD) grew from $6.82 billion in 2022 to $9.4 billion in 2023 at a compound annual growth rate (CAGR) of 37.8%. According to a report by Research and Markets, the cannabidiol market is expected to grow from $9.4 billion in 2023 to $31.85 billion by 2027 at a CAGR of …
Oct 04 2023
Governor Kathy Hochul today announced the largest expansion of New York State’s legal cannabis market to date, with hundreds of licenses being made available to individuals and businesses interested in legally growing, processing, distributing, and selling cannabis. According to a press release sent by the governor’s office, the application period is open as of today, …
Oct 03 2023
A Michigan House committee has given approval to legislation that would allow the state to enter into agreements with Indian tribes while exempting them from the state’s marijuana excise tax. The House Committee On Regulatory Reform passed Senate Bill 180 today without amendment, moving it towards a vote by the full House of Representatives. The …
Oct 03 2023
Tilray Brands, Inc., a global marijuana company, has closed a deal to acquire eight beer and beverage brands from Anheuser-Busch, roughly two months after entering into a definitive agreement. Tilray has acquired Shock Top, Breckenridge Brewery, Blue Point Brewing Company, 10 Barrel Brewing Company, Redhook Brewery, Widmer Brothers Brewing, Square Mile Cider Company, and HiBall …
Oct 03 2023
By a vote of 6 to 3 the Portland, Maine City Council has voted to decriminalize the personal possessions of psychedelic plants and fungi. The council of Maine’s most populated city voted 6–3 in favor of the resolution, which would apply to the possession of DMT, mescaline, psilocybin/psilocyn (magic mushrooms) and ibogaine. “[The] use of …
Oct 03 2023
In the third month of legal recreational marijuana sales (September), Maryland marijuana stores sold just over $90 million worth of marijuana and marijuana products. In total there was $90,775,416 in marijuana purchased in September, a slight decrease from the $91.7 million sold in August but an increase over the $87.4 million sold in July. $36,516,313 …
Oct 03 2023
A bill to allow banks and other financial institutes to work with marijuana businesses now has 26 sponsors, over a quarter of the entire US Senate. Last week the Senate Committee on Banking, Housing and Urban Affairs passed the SAFER Banking Act (S.2860), with Senate Majority Leader Chuck Schumer vowing soon after to put it …
