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.
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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.”
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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:
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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:
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Nation’s Oldest Marijuana Reform Group Praises DEA’s Decision to Reschedule Marijuana, But Says “It Fails to Go Far Enough”

The National Organization for the Reform of Marijuana Laws (NORML), the oldest pro-marijuana reform group in the world (est 1970), has praised the DEA’s decision to reschedule marijuana, while promising to continue fighting for full legalization.

“Yesterday, the Department of Justice affirmed that the DEA has concurred with an HHS recommendation to move cannabis from Schedule I to Schedule III of the Controlled Substances Act”, says NORML Deputy Director Paul Armentano. “While the DEA’s opinion to reschedule cannabis fails to go far enough, it represents the first time the agency has ever abandoned its ‘Flat Earth’ position toward cannabis and acknowledged that the substance possesses legitimate therapeutic utility.”

Armentano says “Still, it continues to perpetuate the growing divide between federal marijuana laws and the marijuana legalization laws of a growing number of states. It also fails to align with public opinion, as most Americans agree that cannabis should be treated more like alcohol than like ketamine. Nonetheless, this decision marks both a symbolic and a very tangible victory.”
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18 US Senators File Federal Legislation to Legalize Marijuana and Enable Expungements

A coalition of 18 United States senators have filed legislation to deschedule and legalize marijuana.

Today, led by Senate Majority Leader Chuck Schumer, the Cannabis Administration and Opportunity Act (CAOA) was filed by Senators Jeff Merkley (D-OR), Kirsten Gillibrand (D-NY), Michael Bennet (D-CO), Gary Peters (D-MI), Patty Murray (D-WA), Tina Smith (D-MN), Elizabeth Warren (D-MA), John Hickenlooper (D-CO), Ben Ray Luján (D-NM), Ed Markey (D-MA), Alex Padilla (D-CA), Raphael Warnock (D-GA), Peter Welch (D-VT), John Fetterman (D-PA), and Laphonza Butler (D-CA).

The CAOA would require the US attorney general to finalize rules removing marijuana as a controlled substance within 180 days of the bill’s passage. The measure would also place a 5% federal excise tax on marijuana producers that would increase to 12.5% by the fifth year, and it would establish the Center for Cannabis Products within the FDA, tasked with regulating “the production, labeling, distribution, sales and other manufacturing and retail elements of the cannabis industry”.
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Study Finds Psilocybin “Elicits Robust, Rapid and Sustained Antidepressant-Like Effects”

The results of a new study using an animal model “demonstrate that psilocybin elicits robust, rapid and sustained antidepressant-like effects”.

Dried psilocybin.

The study was published in the recent issue of the Journal of Psychopharmacology, and it was conducted by researchers at the Beijing Institute of Pharmacology and Toxicology, the Inner Mongolia Traditional Chinese and Mongolian Medical Research Institute, and Capital Medical University, all in China.

“Psilocybin offers new hope for treating mood disorders due to its rapid and sustained antidepressant effects, as standard medications require weeks or months to exert their effects”, states the study’s abstract. “However, the mechanisms underlying this action of psilocybin have not been identified.”
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Bipartisan US Lawmakers Praise DEA’s Decision to Reschedule Marijuana, While Calling for Further Reform

The DEA’s decision to move marijuana to Schedule III has garnered widespread and bipartisan praise among congressional lawmakers, with some promising to continue fighting for marijuana to be fully descheduled.

“After decades of the federal government being dug in on prohibition, moving cannabis to Schedule III would be a huge shift in policy and signal to the American people that the days of reefer madness are coming to an end,” said Senator Ron Wyden (D-OR), who Chairs the Senate Finance Committee. “Medical research will open up and legal small businesses will no longer be treated unjustly like criminals under the inequitable 280E tax provision—a provision I’ve been working for years to repeal.”

Wyden continues by saying “I’m not going to let today’s news slow this movement down, because there’s more to be done to rectify the harms of the failed War on Drugs. “Cannabis should ultimately be descheduled with strong federal regulations put in place to protect public health and safety. Leader Schumer, Senator Booker and I have just the bill to do it.”
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US Department of Justice Officially Confirms Marijuana is Being Moved to Schedule III

An official with the Department of Justice (DOJ) has officially confirmed reports that marijuana is being moved to Schedule III.

Earlier today it was reported that the Biden Administration would be rescheduling marijuana following an over eight month review by the Drug Enforcement Administration (DEA). Now, the DOJ has confirmed these reports for the first time.

“Today the Attorney General circulated a proposal to reclassify marijuana from Schedule I to Schedule III”, says DOJ Director of Public Affairs Xochitl Hinojosa. “Once published by the Federal Register, it will initiate a formal rulemaking process as prescribed by Congress in the Controlled Substances Act.”
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US Senate Leader Says DEA’s Decision to Reschedule Marijuana is “Great News”, Calling it “Historic”

United States Senate Majority Leader Chuck Schumer (D-NY) says the DEA’s marijuana rescheduling decision is “great news”, calling it “a historic step forward”.

“It is great news that DEA is finally recognizing that restrictive and draconian cannabis laws need to change to catch up to what science and the majority of Americans have said loud and clear,” Schumer said in a press release.

Schumer says “While this rescheduling announcement is a historic step forward, I remain strongly committed to continuing to work on legislation like the SAFER Banking Act as well as the Cannabis Administration and Opportunity Act, which federally deschedules cannabis by removing it from the Controlled Substances Act.”
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