Jun 30 2024
The November 5 presidential election is just over four months away, and it promises to be a significant day for marijuana law reform. In the US, 38 states have legalized medical marijuana, with 24 allowing for the recreational possession and use of marijuana. Several statewide initiatives being voted on this November aim to increase these …
Jun 30 2024
Only three weeks remain in the 60-day public comment period for the Drug Enforcement Administration’s (DEA) proposal to reschedule marijuana. In the nearly six weeks since the public comment period began, over 26,000 comments have been submitted. Approximately 70% of these comments urge the DEA to fully deschedule marijuana or legalize it. Descheduling would decriminalize …
Jun 29 2024
Among the 23 states that allow licensed recreational marijuana sales, most also permit the distribution of marijuana concentrates. In this article, we’ll examine the five states with the lowest average cost of concentrates. Since Washington and Colorado became the first states to legalize marijuana in 2012, there have been 22 states that have followed suit. …
Jun 29 2024
In May, Massachusetts recorded a total of $154 million in legal cannabis sales, a slight increase from the $150 million reported in April. This figure comprises $137 million from recreational marijuana sales and $17 million from medical marijuana sales. This brings the year-to-date total to $671 million in sales. The cumulative sales figure has now …
Jun 29 2024
A little over a year after Minnesota legalized recreational marijuana, hundreds of people gathered for the opening of one of the state’s first recreational marijuana retail outlet. The Prairie Island Indian Community opened Island Peži today, with the outlet a variety of marijuana products including dried flower, pre-rolsl, vaporizers, and edible products. “Peži,” meaning grass …
Jun 29 2024
Legislation to deschedule marijuana nationwide now has a combined 110 sponsors in the United States Congress, representing 25% of the entire body. In the US House of Representatives, the MORE Act (H.R. 5601), initially filed in April 2023 with only a few sponsors, now boasts 92 sponsors, all Democrat. This proposed legislation aims to deschedule …
Jun 28 2024
The legal cannabis market is valued at over $40 billion and is expected to grow substantially in the coming years, according to a new report. The Technavio report shows that the market is expected to grow at a compound annual growth rate (CAGR) of 28.85% between 2024 and 2028. “The market’s growth rate hinges on …
Jun 28 2024
Among the states that have legalized recreational marijuana, there was over $1.8 billion in marijuana and marijuana products sold in May. There are 24 states that have legalized recreational marijuana, with all but Virginia allowing licensed sales. Among these states, Minnesota, Ohio, and Delaware do not yet have marijuana stores open as they legalized too …
Jun 28 2024
Once the Drug Enforcement Administration’s (DEA) proposal to move marijuana to Schedule III is finalized, marijuana businesses following state law will be allowed to take tax deductions like any other legal business, says the Internal Revenue Service (IRS). In a press release sent today, the IRS confirms that once marijuana is moved to Schedule III, …
Jun 28 2024
Recently, we examined the five states with the lowest average cost of legal marijuana. In this article, we’ll explore the most expensive states. There are 24 states that have legalized recreational marijuana, with all but one allowing licensed marijuana retail outlets. Average prices vary greatly from state to state, ranging from a little under $4 …
