Clock starts now as DEA publishes marijuana rescheduling proposal
The U.S. Drug Enforcement Administration on Tuesday published its formal proposal to reclassify marijuana as a less dangerous substance under federal law. The appearance in the Federal Register of marijuana’s proposed shift from a Schedule 1 to a Schedule 3...
Cannabis industry is heading in the right direction, business operators say
U.S. plant-touching cannabis businesses – such as cultivators, manufacturers and retailers – say the industry is heading in a better direction, even without the impending rescheduling of marijuana. According to survey data from the recently released 2024...
Nebraska medical marijuana referendum takes key step
Nebraskans for Medical Marijuana says it has obtained the minimum number of signatures needed on two petitions aimed at putting MMJ legalization on the state ballot in November. “The finish line is absolutely in sight, but not without all hands on deck,” Chris Eggers,...
Merger of Nature’s Miracle, cannabis tech firm Agrify collapses
“(U)nfavorable market conditions” led to the cancellation of a merger between cannabis technology provider Agrify Corp. and controlled-environment ag-tech firm Nature’s Miracle, according to a Monday announcement. The deal, announced in April, was for an...
Tribally owned marijuana store numbers up 25% since 2023
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) Marijuana businesses owned and operated by Native American tribes experienced strong growth in the past year. Tribally owned cannabis retailers...
Michigan is selling more cannabis, but retailers are taking in less money
Michigan marijuana retailers sold about 9.3% more cannabis in April than in March, but they brought in about 3.5% less money. In April, Michigan retailers sold 573,206 total pounds of cannabis – 569,620 pounds to adult-use customers and 3,586 pounds to medical...
New York hit with another lawsuit challenging marijuana social equity
Lawsuit-weary marijuana regulators in New York State have been hit with yet more litigation. At issue – yet again – is New York’s controversial Conditional Adult-Use Retail Dispensary (CAURD) program, which prioritized “justice-impacted” individuals who...
New Hampshire Senate approves amended recreational cannabis bill
A hotly debated bill that would legalize adult-use cannabis in New Hampshire was passed by the state Senate. Thursday’s adult-use approval was a first for the New Hampshire Senate. ADVERTISEMENT But the Senate and House still need to agree on the finer points of...
Why rescheduling could be boon to marijuana research
If marijuana is rescheduled from a Schedule 1 to a Schedule 3 substance, it won’t change the laws regulating cannabis research. But the demand for research of the plant and cannabis for research purposes will grow, legal experts and marijuana producers say....
Cannabis stocks will rebound on path to rescheduling, analysts say
Cannabis stock prices, which have taken a beating in recent years, get a boost whenever there’s a major announcement pertaining to federal marijuana reform. For example, the AdvisorShares Pure US Cannabis ETF (MSOS), which tracks publicly held cannabis companies...
Biden administration formally proposes moving marijuana to Schedule 3
(This story was last updated at 9 a.m. ET Friday.) In the latest major step toward the biggest shift in federal marijuana policy in more than 50 years, U.S. Attorney General Merrick Garland formally proposed moving marijuana to Schedule 3 of the Controlled Substances...Featured
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