Calling marijuana a ‘gateway drug,’ House GOP opposes banking reform
Congressional Republicans should oppose marijuana reform, including banking protections, because MJ is a “dangerous, addictive … gateway drug,” according to a GOP policy memo. The memorandum recommends that Republicans vote no on cannabis banking reform as well as the...
Psychedelic training is an ‘investment’ in public health: Q&A with UC Berkeley’s Moana Meadow
(This story first appeared at reMind, a psychedelics business platform.) Moana Meadow is the staff director of the Psychedelic Facilitation Certificate Program at the University of California, Berkeley’s Center for the Science of Psychedelics. With her background as a...
Auxly auditor flags ‘going concern’ risk as cannabis firm reports smaller loss
Auxly Cannabis Group’s record 2023 sales helped substantially improve its net loss, but an auditor flagged a “significant doubt” over the company’s ability to continue as a “going concern.” In a note to shareholders attached to Auxly’s annual financial...
Massachusetts marijuana worker denied Chapter 13 bankruptcy protection
A marijuana company employee in Massachusetts has been denied bankruptcy protections, highlighting a federal barrier that extends beyond the corporate realm to personal finances. A U.S. Bankruptcy Appellate Panel ruled that Scott Blumsack, a full-time employee at...
Maryland cannabis retail zoning would be less restrictive under new bill
Maryland county governments could have less control on where recreational cannabis stores set up shop if a bill that moved ahead in the state General Assembly is passed into law. House Bill 805 would make it more difficult for county governments to create zoning...
South Dakota adult-use marijuana legalization effort launches – again
South Dakota legalization advocates will try for a third time to put adult-use marijuana on voters’ ballots. The campaign, South Dakotans for Better Marijuana Laws, has until May 7 to collect 12,500 signatures from registered voters to qualify to appear on the 2024...
Organigram ‘assessing options’ after unfavorable ruling on cannabis edibles
Health Canada has concluded that Organigram Holdings’ Edison Jolts lozenge cannabis products should be classified as edibles rather than extracts. The decision – announced in a late Friday news release – is a blow to the Canadian cannabis producer...
Decibel selling Prairie Records marijuana stores to Fika; CEO to retire
Canadian operator Decibel Cannabis Co. is selling its Prairie Records marijuana retail stores to retail operator Fika for roughly 3 million Canadian dollars ($2.2 million). The six Prairie Records cannabis stores – three each in Alberta and Saskatchewan –...
Tax reforms, pharmacy sales among Canada’s cannabis law review recommendations
A government-appointed panel of experts analyzing Canada’s adult-use legalization law, the Cannabis Act, has recommended the country enable pharmacy access for medical marijuana and reconsider how excise tax is applied to recreational products. The proposals are part...
Treasury Secretary Yellen renews support for marijuana banking reform
U.S. Treasury Secretary Janet Yellen reiterated her support of marijuana banking legislation such as the SAFE Banking Act, which would allow financial institutions to work with state-regulated cannabis businesses even though they aren’t federally legal. Yellen...
Germany recreational cannabis legalization bill clears last hurdle
Germany’s landmark recreational cannabis law will go into effect on April 1 after clearing the final regulatory hurdle on Friday. The Bundesrat, the upper house of the German Parliament, failed to reach a majority to convene the Mediation Committee, clearing the last...Featured
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