FDA considered state data in marijuana rescheduling, documents show
The Food and Drug Administration considered data regarding marijuana’s medical value submitted by U.S. states with legal cannabis programs when determining how the drug should be federally classified, newly released documents suggest. Until now, federal officials have...
Landmark Netherlands cannabis experiment set to begin this week
The Netherlands’ cannabis cultivation and distribution experiment is set to kick off Friday in what executives are calling a milestone for the industry in Europe – even though the supply-chain trial is starting years later than originally planned. In...
‘Buyer’s market’ forcing Massachusetts marijuana businesses to shutter
Low wholesale cannabis prices are behind the closures of Massachusetts marijuana retailers and producers in 2023. At least 17 marijuana businesses have either lost or returned their licenses to operate in the state, according to MassLive.com. ADVERTISEMENT Not all...
Why was the Ontario Cannabis Store sitting on a CA$500 million cash stockpile?
Ontario’s government-owned marijuana wholesaler was sitting on more than 500 million Canadian dollars ($367 million) in cash earlier this year, but officials have declined to spell out why the Ontario Cannabis Store held on to that much money rather than remit...
California marijuana grower voluntarily recalls pesticide-tainted flower
(This story has been updated to delete two inadvertent references to an incorrect pesticide.) An indoor marijuana grower in California has alerted regulators and the state’s track-and-trace system that a certain batch of its flower in the market contains prohibited...
Cannabis MSOs get OK to enter New York adult-use market Dec. 29
Cannabis multistate operators with medical marijuana licenses in New York received the green light from state regulators Friday to enter the adult-use market on Dec. 29, exactly one year after the state launched recreational sales. The Cannabis Control Board’s...
Bipartisan marijuana descheduling bill reintroduced in Congress
Bipartisan legislation that would remove state-legal marijuana from the federal Controlled Substances Act and leave individual markets in charge of most other regulation was reintroduced in Congress on Thursday. Originally introduced in 2019 in both the House and the...
Cannabis MSO MedMen tops Whitestar Solutions again in fraud case
Arizona’s Court of Appeals ruled in favor of MedMen Enterprises in a breach-of-contract lawsuit, the cannabis multistate operator’s second victory over Whitestar Solutions. MedMen, headquartered in Los Angeles, initially won the case in May 2022....
DEA warns Georgia pharmacies to halt low-THC medical marijuana oil sales
The U.S. Drug Enforcement Administration is warning traditional Georgia pharmacies that marijuana possession and sales are federally prohibited. The caution flag stems from the Georgia Board of Pharmacy’s June approval of rules for independent pharmacies to sell...
Colorado revises cannabis traceability rules to potentially open competition
(This story was updated to reflect the state’s clarification of the intent of Colorado’s new rules regarding seed-to-sale tracking.) Colorado recently passed rules intended to expand competition for cannabis seed-to-sale tracking contracts when the state’s current...
Opinion: Can’t hemp and marijuana operators all just get along?
The sale and production of hemp-derived cannabinoids generated $79 billion in economic activity last year, according to industry research, with states collecting $1.5 billion in tax revenue from $28 billion in sales. The data underscores the huge and growing market...Featured
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