Jul 12 2024
Psilocybin, the psychoactive compound found in “magic mushrooms”, is gaining traction across the United States as more states consider its legalization for medical and therapeutic purposes. Following the footsteps of Oregon and Colorado, several states are now moving towards legalizing psilocybin. Here are the five states next in line to potentially legalize psilocybin.
Jul 12 2024
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 …
Jul 12 2024
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 …
Jul 12 2024
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 …
Jul 12 2024
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 …
Jul 12 2024
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 …
Jul 12 2024
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 …
Jul 11 2024
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 …
Jul 11 2024
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 …
Jul 11 2024
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 …
