In Nevada legal marijuana retail outlets sold over $68 million in product in June. According to data released by the Nevada Department of Taxation, there was $68,588,014 in legal marijuana sold in June, resulting in $10,932,417 in tax revenue for the state. $53,280,093 of this was sold in Clark County, $8,369,706 in Washoe County and …
Biden Official Says Marijuana Will Likely to be Rescheduled Before the 2024 Election
An official with the Biden Administration tells us it’s their belief that marijuana will be moved to schedule III prior to the 2024 election. In a letter sent recently to the Drug Enforcement Agency (DEA), the Department of Health (DOH) officially requested that marijuana to be reclassified as a Schedule III drug under the Controlled …
August is a Record-Breaking Month for Massachusetts Marijuana Sales, $5 Billion in Marijuana Sold Since 2018
In August there was $158 million in legal marijuana purchased in Massachusetts, according to the state’s Cannabis Control Commission. The nearly $160 million in legal marijuana and marijuana products sold in August breaks the state’s previous monthly record of $151.8 million set in June of this year. Although medical marijuana sales mirrored recent months with …
Marijuana Drive-Thru Opens in Ohio
A marijuana drive-thru is now open in Mount Carmel. Last week the medical marijuana dispensary The Forest opened the the first marijuana drive-thru in southwest Ohio, located at Mount Carmel (4412 Mount Carmel Tobasco Road). The dispensary allows patients to preorder marijuana and marijuana products online, which they can then pickup and purchase by using …
North Carolina Tribe to Vote Thursday on Proposal to Legalize Marijuana for Everyone 21+
On Thursday, September 7 members of the Eastern Band of Cherokee Indians (EBCI) in North Carolina will vote on a proposal that would legalize recreational marijuana. The EBCI legalized marijuana for medical purposes in 2021, and subsequently allocated $50 million to refurbish a bingo hall to become a medical marijuana superstore (which they recently began …
Oregon Marijuana Stores Sold $81 Million in August, Marijuana Taxes Reach $1 Billion Since 2016
Licensed marijuana retail outlets in Oregon sold over $80 million worth of marijuana and marijuana products in August. According to data released by the Oregon Liquor and Cannabis Commission, total marijuana sales for August was $81,631,600, roughly a quarter million dollars shy of the $81,880,154 sold in July. These sales include dried marijuana flower and …
US Congressmember Introduces “Stop Pot Act” to Withhold Funds from Legal Marijuana States and Tribes
The “Stop Pot Act” has been introduced in the United States House of Representatives. Filed by North Carolina Congressman Chuck Edwards, the Stop Pot Act would withhold federal funding from states and tribes that have legalized recreational marijuana. “The laws of any government should not infringe on the overall laws of our nation, and federal …
New Mexico Marijuana Stores Sold $47.7 Million Worth of Marijuana in August, Over 1 Million Different Transactions
There was over $47 million in legal marijuana and marijuana products sold throughout the month of August. According to data released by the New Mexico Regulation & Licensing Department, marijuana retail outlets sold $47,714,498.16 worth of marijuana in August, falling just short of but essentially tying the monthly record of $47,759,256.32 sold in May. Of …
California Senate-Approved Bill to Legalize Psychedelics Passed by 3rd Assembly Committee
Legislation to legalize the personal possession of several psychedelic substances has been passed by a third Assembly committee, allowing it to advance to the full Assembly. The Assembly Appropriations Committee has given approval to Senate Bill 58, a measure to legalize the “possession, preparation, obtaining, transfer, as specified, or transportation of” psilocybin, psilocyn, mescaline, ibogaine …
Global Cannabis Stock Index Sees 22% Increase Following Marijuana Rescheduling News
The Global Cannabis Stock Index has seen a significant jump following news that the Department of Health is requesting the DEA reschedule marijuana from Schedule 1 to Schedule III. Last week, on August 24, the Global Cannabis Stock Index was at 7.29, the lowest ever recorded since the index’s creation in 2013. As of yesterday, …
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