Las Vegas-based marijuana multistate operator Planet 13 Holdings says it recovered another $2.1 million in cash plus real estate as part of a dispute with a former banking partner it claims “embezzled money from” its accounts.
Chris Roberts
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State bans, restrictions threaten hemp-derived THC market after Farm Bill boom
Years of nationwide growth appear to be over for the U.S. hemp-derived THC industry, which is threatened by state restrictions and bans.
Total ban on hemp-derived THC passes Texas Senate
A total ban on hemp-derived THC products championed by one of Texas’s most powerful politicians has passed the state Senate.
North Carolina lawmaker introduces adult-use cannabis legalization bill
North Carolina hasn’t legalized medical marijuana yet, but one state lawmaker wants to go straight from criminalization to a regulated adult-use cannabis market.
Trulieve, Cresco lobbying Pennsylvania to legalize adult-use marijuana, report says
Major marijuana multistate operators are betting big on Pennsylvania to be the next state to legalize adult-use marijuana.
Will marijuana rescheduling happen under Trump? Industry’s doubts grow
President Donald Trump’s choices over his first 50 days in office, including appointments to lead the federal drug and health agencies, are sowing serious doubts that marijuana’s status under federal law will change anytime soon.
Colorado regulators allowed hemp-derived THC into market, lawsuit says
Colorado’s regulated marijuana market is riddled with unsafe and illegal hemp-derived THC, a flow that regulators are unable or unwilling to stop, a state-licensed cannabis company alleges in a lawsuit.
California extends hemp-derived THC ban
California’s total ban on products with any detectable level of hemp-derived THC is poised to continue until at least June.
Florida judge dismisses Trulieve Cannabis’ legalization defamation lawsuit
A Florida judge last week dismissed a lawsuit filed by Trulieve Cannabis against the state’s Republican Party during the company’s failed push to legalize adult-use marijuana in the market.
Kentucky drops hemp-derived THC drinks ban, will limit & regulate
Kentucky lawmakers won’t ban beverages with intoxicating amounts of hemp-derived THC – at least not yet. For now, the Bluegrass State will attempt to regulate and to study the increasingly popular products, while also imposing some limits, according to recently advanced legislation.
Suspicions that DEA rigged rescheduling process fueled by court documents
Longstanding suspicions that the U.S. Drug Enforcement Administration is adamantly opposed to marijuana rescheduling – and weighted a public process to ensure it could reject moving the drug from Schedule 1 to Schedule 3 under federal law – are confirmed by agency decisions made public during an ongoing lawsuit.
Ohio House Republicans’ cannabis measure a ‘slap in face,’ NORML says
Changes to Ohio’s voter-approved adult-use cannabis law proposed in a bill introduced this week by House Republicans are less extreme than those passed by the state Senate.
