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, …
Michigan Marijuana Workers Vote to Unionize With Teamsters
Drivers and budtenders at Ascend Cannabis Provisions in Michigan have overwhelmingly ratified their first contract with Teamsters Local 406. It is the second collective bargaining agreement in the Michigan cannabis industry that the Teamsters have ratified, and the first in the Western part of the state. The agreement features significant improvements, including an immediate raise …
South Dakota AG Releases Final Ballot Summary for Marijuana Legalization Initiative, Proponents Aim for Vote in 2024
South Dakota Attorney General Marty Jackley has approved the final summary language for an initiative to legalize marijuana that proponents are hoping to put to a vote in 2024. Proponents of the measure must now collect 17,509 signatures from registered South Dakota voters in order to put the issue before voters in November, 2024. If …
Clinical Trial: High-CBD Marijuana Doesn’t Negatively Impact Driving Performance, But THC Could be Detected Hours Later
Consuming high-CBD/low-THC marijuana doesn’t adversely impact driving abilities, but THC may be detected up to five hours after, according to clinical trial data published in the International Journal of Legal Medicine. Conducted by researchers at the University of Basel, the aim of this “prospective, placebo-controlled, double-blind, randomized, cross-over study was to determine cannabinoid levels in …
New Hampshire: Legislative Work Session on Marijuana Legalization Scheduled for September 6
Legislation that would legalize marijuana for everyone 21 and older, first filed in January, has been scheduled for a legislative work session next week. The subcommittee work session on House Bill 544 will take place at 10 am in Legislative Office Building 302-304. The proposed law was filed by State Representative Daniel Eaton along with …
US Secretary of Health Confirms Department of Health is Requesting DEA Make Marijuana Schedule III
Earlier today we reported that U.S. Assistant Secretary of Health sent a letter to the DEA recommending that marijuana be rescheduled. Now the head of the the Department of Health has confirmed the news. “I can now share that, following the data and science, @HHSGov has responded to @POTUS’ directive to me for the Department …
Connecticut Launches Loan Program in Support of Social Equity Marijuana Businesses
Connecticut’s Social Equity Council and Department of Economic and Community Development says its Canna-Business Revolving Loan Fund is now actively accepting applications. The new fund was established under the state’s marijuana legalization law. It offers social equity licensees loans with a fixed rate of 3%. In addition applicants who enroll in and complete SEC’s accelerator …
