Saturday, June 22, 2024

Business

Cannabis Company MedMen Files for Bankruptcy

Creditors of cannabis giant MedMen Enterprises are gearing up for a critical meeting in the coming weeks, as the company enters bankruptcy proceedings in Canada and places its California retail assets under receivership. This marks a significant downturn for...

Feds Seize Legal Cannabis In New Mexico, No Plan To Give Back

Federal Customs and Border Protection (CBP) agents have made headlines in New Mexico after seizing over $300,000 worth of cannabis products from state-licensed operators in recent weeks, according to a report by KRQE. The seizures, which occurred at routine...

More Sponsors Bolster Democrat Federal Marijuana Legalization Bill

Back in September of last year, Jerry Nadler reintroduced the MORE Act, which would legalize marijuana across the country and aid those effected by the War on Drugs. This was the third time it was introduced in the House...

Ohio Lawmakers Believe Legalization Will Happen At The Ballot

A recent survey of Ohio lawmakers indicates that 54 percent of them believe voters will approve a ballot initiative next month to legalize marijuana in the state. This expectation is shared by both Democratic (63 percent) and Republican (52...

Canadian Cannabis Growers Are Switching To Growing Veggies And Other Produce

Canada’s cannabis industry, once hailed as a budding success, has faced persistent challenges due to oversupply and competitive pressures. As a result, some of the country’s largest cannabis cultivators are exploring alternative avenues to maintain profitability. These companies are...

Senators Advance Cannabis Banking Reform Bill for First Time

Members of the United States Senate Committee on Banking, Housing, and Urban Affairs voted today to advance legislation, the SAFER Banking Act, which allows financial institutions to more readily establish relationships with state-licensed cannabis businesses. Although members of the House...

Weed Stocks are a rollercoaster but here’s where they stand

Two and a half years ago, weed stocks had a bit of a moment. In February 2021 pretty much every stock shot upwards due to a democratic president being elected and a general optimism in the air for legalization. Since...

Here’s what the deal is with Marijuana moving to Schedule III

Bloomberg News just got a huge scoop: a letter sent from the Department of Health and Human Services to the DEA recommending that marijuana be moved from Schedule I to Schedule III in the list of Controlled Substances. There...

Illinois Cannabis Prices Rise To Highest In The Nation

Illinois has emerged as one of the states with the highest retail cannabis prices in the country, according to a recent report released by Headset. The report, titled “A Deep Dive into the Illinois Cannabis Market,” delved into various...

New Surveys Show Over 2.7 Million New Yorkers Consume Cannabis Monthly

State cannabis regulators in New York issued a statement saying that over 2.7 million New Yorkers consume cannabis at least once a month. Their research only backs their pleas to introduce a more robust legal marketplace for cannabis. John Kagia,...
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Latest News

DEA’s proposal to move weed to Schedule III has gotten over 20,000 comments

In May, the DEA finally made its decision on whether or not to agree with the Department of Health...
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