Mar 25 2024
Legislation allowing the personal possession and home cultivation of marijuana cleared its final parliamentary hurdle on Friday and will officially take effect next week. Members of German Parliament’s upper house and lower chamber have both given approval to legislation legalizing recreational marijuana for residents who are at least a18 years old. The law allows for …
Mar 25 2024
According to new polling commissioned by the American Bankers Association (ABA), a large majority of American adults support passing federal marijuana banking legislation. “The data released today also indicate that by greater than a 3-to-1 margin (63% support vs. 17% oppose) U.S. adults support Congress passing legislation that allows cannabis businesses to access banking services …
Mar 25 2024
February marijuana sales topped sales for January, despite the month being two days shorter. According to the Illinois Department of Financial and Professional Regulation, there was $160 worth of marijuana sold legally in February. This includes dried marijuana flower as well as a variety of marijuana products including concentrates, edibles and topicals. The roughly $160 …
Mar 25 2024
The Global Cannabis Stock Index is currently 24% higher now than it was on January 2. At the time of publication the Global Cannabis Stock Index stands at 9.96. This is a 24% increase over the 8.03 value the market held on January 2, the first business day of the year. The current value is a …
Mar 24 2024
The Drug Enforcement Administration (DEA) is currently conducting a review of marijuana’s Schedule I status. Here’s a timeline of how this review began, what’s happened since, and what comes next. The DEA’s review of marijuana’s scheduling status was prompted by the Department of Health and Human Services (HHS) sending a letter to the agency in …
Mar 24 2024
Legislation to decriminalize the possession and distribution of psilocybin mushrooms has been given approval by a second Senate committee and will soon be considered by the full chamber. Senate Bill 114 has been given approval by the Senate Appropriations Committee, just days after it was passed by the Senate Committee on Health and Welfare. Filed …
Mar 24 2024
Ballot initiatives to legalize recreational marijuana are likely to be considered in two states during this November’s presidential election. 24 different states have legalized recreational marijuana since 2012, with the majority doing so through the initiative process. This November, voters in two more states are set to decide whether or not they want to join …
Mar 23 2024
The Stop Pot Act in the US House of Representatives has not garnered a single new sponsor since early October, despite being the most prominent piece of anti-marijuana legislation in Congress. The Stop Pot Act was filed in September by North Carolina Congressmember Chuck Edwards. The measure would withhold federal funding from states and tribes …
Mar 23 2024
South Dakota Governor Kristi Noem has signed into law a measure banning the production, distribution and possession of delta-8 and delta-10 THC. Governor Kristi Noem has signed House Bill 1125 into law. The measure was approved recently through the full Senate, 31 to 1, and it passed the House unanimously, 69 to 0. The legislation …
Mar 22 2024
There are 24 legal marijuana states. Of the 26 without legal marijuana, five in particular are gearing up to make a change. In 2023 and 2024 marijuana legalization legislation and/or ballot initiatives were filed in nearly all of the 26 states without legal marijuana. However, some of these efforts have far more of a chance …
