Category: News

Marijuana Rescheduling Nears the Endgame, Public Comment Period Almost Over

The long-anticipated rescheduling of marijuana is approaching a crucial milestone and is close to being finalized. The legally required 60-day public comment period, a critical phase in the process of rescheduling any drug under the Controlled Substances Act, is set to close in just 10 days. Approximately 30,000 comments have been submitted so far, the …

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Five Statewide Marijuana Initiatives Being Considered This November

In less than four months, voters in five states will decide on marijuana initiatives. The November 5 election will be monumental for several reasons, including the fact that five states will vote on marijuana law reforms. Three of these states may legalize recreational marijuana, potentially joining the 24 others that have already done so. With …

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June Marijuana Sales Top $20 Million in Maine, $115 Million Year-to-Date

Marijuana sales in Maine topped $20 million for the second month in a row. Data released by the Maine Office of Cannabis Policy shows that there was $20,692,942 in marijuana sales in June, an increase from the $20,280,736 sold in May, but roughly $1 million less than the monthly record set in September 2023. June …

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Vice President Kamala Harris: “Rescheduling Marijuana is Great. Legalization is Better”

In a recent interaction with a supporter, Vice President Kamala Harris reiterated her stance on marijuana legalization. When asked by supporter Ashley R. (last name withheld by request, for privacy reasons) whether the DEA’s initiative to move marijuana to Schedule III is sufficient change, Harris responded, “Rescheduling is great. Legalization is better. We’ve got to …

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US Senator Lisa Murkowski (R-AK) Sponsors SAFER Banking Act, Bringing Total Sponsors to 37

The US Senate’s SAFER Banking Act, which would allow marijuana banking, now has 37 sponsors. Senator Lisa Murkowski (R-AK) officially signed on as a cosponsor of the SAFER Banking Act (S.2860) yesterday. This measure would provide federal protections to banks and other financial institutions, such as credit unions, that offer services to marijuana businesses operating …

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Federal Legislation to Allow Marijuana Banking Gains Three New Sponsors, Now Has 128

Legislation in the US House of Representatives that would allow nationwide marijuana banking now has 128 sponsors Congressmembers Ted Lieu (D-CA), Nicole Malliotakis (R-NY) and Haley Stevens (D-MI) have joined as cosponsors to the SAFE Banking Act (H.R. 2891), bringing the total number of sponsors to 128. No other marijuana-related bill in the US Congress …

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Montana Marijuana Sales Top $26 Million in June, All-Time Sales Surpass $750 Million Resulting in $127 Million in Taxes

In June, Montana’s marijuana sales were the highest since September 2023, with all-time sales now exceeding $775 million. According to data from the Montana Department of Revenue, licensed marijuana stores sold $26,945,439 worth of product in June, the highest amount since the $28,159,456 sold in September last year. August 2023 remains the month with the …

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North Carolina Tribe to Begin Marijuana Sales for Everyone 21+ Soon, Lawmakers Push Federal Stop Pot Act in Response

The Eastern Band of Cherokee Indians (EBCI) will open its marijuana megastore to everyone 21+ either next month or in September, regardless of whether they are a tribal member or a medical marijuana patient. The Great Smoky Cannabis Company —located in a former bingo hall that cost over $50 million to refurbish— opened for medical …

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US Congress: 25 GOP Lawmakers Condemn Marijuana Rescheduling in Letter to DOJ

Today, Congressman Pete Sessions (R-TX) and Senator James Lankford (R-OK) released a bicameral letter with 23 other Members of Congress “strongly opposing the Biden administration’s recent decision to move marijuana from a Schedule I to Schedule III substance.” According to a press release sent from Rep. Sessions office, the letter “emphasizes that the Department of …

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U.S. Senate Committee Approves Bill Allowing VA Doctors to Recommend Medical Marijuana

The Senate Appropriations Committee has approved legislation that would allow Department of Veterans Affairs (VA) doctors to recommend medical marijuana. Under current law, VA doctors are prohibited from recommending medical marijuana to their patients, even if those patients reside in states where medical marijuana is legal. A provision that would end this prohibition is included …

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