A recent ruling from the U.S. Drug Enforcement Administration classifying a synthetic cannabinoid as a Schedule 1 drug has furthered the ire between the licensed cannabis industry and the largely unregulated cannabinoid sector, which has grown into a multi-billion market amid the proliferation of CBD and Delta-lineage products since the passage of the 2018 Farm Bill.
Are the go-go days of Oklahoma’s medical marijuana industry over, or are Texans about to receive a grand invitation to cross the Red River and enjoy Sooner adult-use cannabis?
The answer might come from voters as soon as Tuesday.
Texas cities and counties could choose to legalize adult-use marijuana if a bill recently reintroduced in that state’s legislature becomes law.
The Texas public safety department is starting a business license application process to add more medical cannabis dispensaries to the state’s limited MMJ program.
A Republican congressman notorious for blocking federal marijuana reform nearly derailed a “historic” Capitol Hill hearing on federal legalization Tuesday when he compared the MJ industry to slavery, comments other lawmakers decried as “offensive.”
Strong demand from out-of-state consumers shopping in border areas as well as tourists pumped New Mexico adult-use marijuana sales to a record $25 million in October.
Cannabis industry real estate lenders AFC Gamma and Viridescent Realty Trust amended their late 2021 loan agreement with multistate operator Acreage Holdings, lending up to $50 million more than the original $100 million loan.
