Unsealed rescheduling letter: Marijuana less harmful than other drugs
The Biden administration on late Friday released the unredacted exchange between federal authorities recommending marijuana be rescheduled. “After assessing all available preclinical, clinical and epidemiological data, FDA recommends that marijuana be...
No tax relief for California cannabis operators in governor’s initial budget
If legal California cannabis businesses teetering under the weight of heavy taxes will see any relief this year, it’s unlikely to come from the governor. In the past, Gov. Gavin Newsom has cut taxes for marijuana operators in the state, signing a 2022 budget that...
State attorneys general urge DEA to reschedule marijuana
The Biden administration’s push to move marijuana to Schedule 3 of the Controlled Substances Act now has the support of 12 state attorneys general. The AGs, all of whom represent states with legal adult-use and/or medical marijuana markets, sent a letter to U.S. Drug...
Colorado monthly cannabis sales sink to nearly 7-year low in November
Colorado cannabis sales continued to slide in November as recreational and medical marijuana retailers generated $110.5 million in revenue, the lowest monthly total since February 2017. Adult-use sales – which accounted for roughly 87% of total sales in the...
Oregon trade group wants cap on marijuana business licenses
The Cannabis Industry Alliance of Oregon (CIAO) wants state regulators to permanently restrict the number of marijuana business licenses available to operators in the state. That’s because the CIAO believes it’s already too competitive for existing...
Illinois adult-use cannabis sales exceed $1.6 billion in 2023
Consumers in Illinois spent more than $1.6 billion on legal adult-use cannabis in 2023, a market record despite a nearly 15% year-over-year decline in sales to out-of-state shoppers. The $1.6 billion annual sales figure represents a 5.3% increase over 2022....
Opinion: What marijuana investors should watch for in the year ahead
The marijuana industry was a roller-coaster ride in 2023, characterized by both highs and lows. As cannabis operators look at the landscape for 2024, several key themes will likely emerge. From legislative and regulatory changes to market sensitivity and price...
Recalls issued for 2 cannabis products in California
California regulators issued a mandatory recall for one cannabis product while a company in the state voluntarily asked for the return or disposal of one of its lines. The Department of Cannabis Control (DCC) on Wednesday issued a mandatory recall for Gelato Orangeade...
Connecticut attorney general takes action against illicit marijuana operators
Connecticut’s attorney general filed civil lawsuits against seven businesses accused of selling “potent, illicit” marijuana products without proper state licenses. The Tuesday announcement by AG William Tong comes on the heels of a record month of...
New Washington DC legislation targets unlicensed cannabis shops
Lawmakers in Washington DC passed legislation targeting unlicensed cannabis “gifting” stores, potentially empowering a new crackdown on the illicit retailers. Although the District of Columbia has a legal medical marijuana program, the unlicensed stores...
Despite 2023 marijuana enforcement criticism, Oklahoma won’t back down
Amid a glut of both regulated and illicit marijuana production in 2023, Oklahoma regulators cracked down on businesses they believed to be noncompliant. Critics say the state regulators overstepped their bounds, but others argue more oversight is needed for wholesale...Featured
1
Latest Sponsored
