May 02 2024

Study Finds Fewer Young Adults (18 to 25) Drive Impaired Following Marijuana Legalization

Washington State legalizing recreational marijuana did not lead to an increase in the percentage of young people driving under the influence of either cannabis or alcohol, finds a new study.

The study was published in the recent issue of the journal Prevention Science, and it was conducted by researchers at the University of Washington. The study is titled Young Adult Alcohol and Cannabis Impaired Driving After the Opening of Cannabis Retail Stores in Washington State.

“Motor vehicle crashes are a leading cause of death for young adults (YA) in the USA, and driving under the influence of alcohol (DUIA), cannabis (DUIC), and simultaneous use of both substances (DUIAC) are prominent risk factors”, begins the study’s abstract. “Trends in YA impaired driving behaviors after opening of cannabis retail stores have been understudied.”
Continue reading

May 02 2024

Randomized Clinical Trial Finds CBD is Effective at Treating Acute Toothaches

According to a study published in the journal Evidence-Based Dentistry, a purified CBD formulation, known commercially as Epidiolex, significantly alleviates acute toothache symptoms.

This finding comes from a placebo-controlled clinical trial involving 61 participants experiencing moderate to severe dental pain. The study was conducted by researchers at the University Hospital Crosshouse in Scotland, and the abstract was published online ahead of print by the US National Library of Medicine.

In the study, 40 patients received Epidiolex in 10 or 20 mg doses, while 21 received a placebo. Over the three hours following administration, those treated with CBD reported, on average, more than a 50% reduction in pain, with relief occurring within the first 15 minutes. In contrast, the placebo group reported a 37.5% reduction in pain.
Continue reading

May 02 2024

Poll: 64% of Americans Say Marijuana Banking Act Would “Help Improve Public Safety”

The Independent Community Bankers of America (ICBA) released new polling today showing that most Americans believe federal marijuana banking legislation would have a positive impact.

“64% of Americans agree that the SAFER Banking Act’s provisions allowing cannabis-related businesses to access the banking system would help improve public safety”, found the poll. The poll also found that 54% “agree that opening the banking system to cannabis-related businesses would help underserved communities.”

The results are similar to a American Bankers Association poll released last month, which found that 63% of American adults support the SAFE Banking Act.
Continue reading

May 02 2024

Legal Marijuana Sales in New Jersey Top $200 Million in Q1, 2024, a 38% Increase From 2023

Sales for New Jersey’s legal marijuana market for the first quarter of 2024 totaled more than $201 million —a 38% increase compared to the same period last year.

Sales from January to March 2023 were generated by 24 licensed dispensaries, whereas that number increased by 96, to a total of 130 licensed dispensaries, in the same time period in 2024.

“The significant growth in sales year over year is an indication of the strong potential of New Jersey’s cannabis market,” said Jeff Brown, New Jersey Cannabis Regulatory Commission’s executive director. “We anticipate that as even more dispensaries open across the state, new brands are introduced to the market, and cannabis becomes less stigmatized, sales numbers will continue to go up.”
Continue reading

May 02 2024

Marijuana Banking Act Gains 117th Sponsor in US House

In the United States House of Representatives, the SAFE Banking Act to allow marijuana banking has just gained its 117th sponsor.

Representative Gabe Vasquez (D-NM) has signed on as a cosponsor to the SAFE Banking Act, giving it is 107th sponsors since the measure was filed in September by a group of 10. A Senate version of the bill, the SAFER Banking Act, is sponsored by 36% of the entire Senate, with it passing the Senate Banking Committee in September.

The SAFE Banking Act would explicitly permit accredited banks and credit unions to offer a wide range of banking services—including debit card processing and bank loans—to marijuana businesses compliant with state laws. Currently, banks are prohibited from servicing these businesses, even those licensed by the state. This restriction forces many to operate on a cash-only basis, increasing their vulnerability to robbery.
Continue reading

May 01 2024

The 10 Biggest Implications of the DEA’s Decision to Reschedule Marijuana

Marijuana’s reclassification to Schedule III represents the most significant shift in federal marijuana policy since the Controlled Substances Act was enacted in 1970. Here’s an overview of the far-reaching implications of this landmark change.

In a groundbreaking move, the Drug Enforcement Administration (DEA) recently announced the rescheduling of marijuana from a Schedule I to a Schedule III controlled substance. This decision marks a significant pivot in U.S. federal drug policy, reflecting a new acknowledgment of marijuana’s medical benefits and a lower potential for abuse.

Here are the top five implications of this historic change, in no particular order:
Continue reading

May 01 2024

New Mexico Marijuana Sales Top $50 Million for Second Straight Month

In April, monthly marijuana sales in New Mexico once again surpassed $50 million.

According to the latest data from the New Mexico Regulation & Licensing Department, the state saw $51,107,738.68 in legal marijuana sales during April, spread across 1,162,438 transactions. This sum, which falls roughly $1.4 million short of the record-breaking amount sold last month, includes $12,854,179.26 from medical marijuana patients and $38,253,559.42 from recreational consumers.

As of the end of April, New Mexico has 1,003 active marijuana retail licenses and a total of 2,843 active marijuana business licenses. The business licenses include a diverse range of entities such as producers, micro producers, manufacturers, couriers, consumption areas, testing labs, and research labs.
Continue reading

May 01 2024

Sixth Illinois Marijuana Store Votes to Unionize With Teamsters

Workers at Sunnyside, a medical marijuana dispensary in Chicago, have voted overwhelmingly to join Teamsters Local 777.

The dispensary in the River North neighborhood of Chicago is the sixth location to organize with Local 777. In the fall, Local 777 secured strong first contracts for the five other organized locations in Elmwood Park, South Beloit, Schaumburg, Rockford, and Buffalo Grove, Ill., that contain significant improvements for dispensary workers.

“We are thrilled to welcome another Cresco location to Teamsters Local 777,” said Jim Glimco, President of Local 777. “Dispensary workers are seeing their counterparts at other locations organize with the Teamsters and they want to secure the benefits of a union contract for themselves. We look forward to helping these workers get their first contract and continuing to organize workers in the cannabis industry across Illinois.”
Continue reading

May 01 2024

US Senate: Full Text of Bill to Deschedule and Legalize Marijuana Released to Public

The full text of the Cannabis Administration and Opportunity Act (CAOA) has been released.

Senate Majority Leader Chuck Schumer, along with 17 cosponsors, formally introduced the CAOA today. The measure proposes to remove marijuana from the list of controlled substances, allow expungement of past offenses, and establish federal tax and regulations for legal marijuana sales.

The sponsors have now made the full text of the measure available, which you can access by clicking here. They have also provided a detailed summary, available below:
Continue reading

May 01 2024

The 6 Steps Required Before Marijuana Can Be Moved to Schedule III

The DEA has recommended rescheduling marijuana to Schedule III; here’s an overview of the procedural steps that must occur before this change can officially take effect.

In a significant policy shift, the U.S. Drug Enforcement Administration (DEA) has announced its recommendation to reschedule marijuana to Schedule III of the Controlled Substances Act (CSA). This recommendation, which follows an August recommendation from the Department of Health and Human Services (HHS), marks a potential turning point in the federal regulation of cannabis.

The process from here involves several bureaucratic steps. Here’s what to expect:
Continue reading