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Cannabis industry no longer riding high: Job losses, supply imbalances, dwindling profits hit sector

Cannabis industry no longer riding high: Job losses, supply imbalances, dwindling profits hit sector

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Cannabis NewsSeptember 6, 2023

Washington debates ways to link the marijuana businesses with banking, ease tax burdens. Western states such as California and Oregon are overflowing with cannabis, a supply glut that is driving down prices and sparking pleas for federal permission to sell marijuana across state lines. Pot users in

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Cannabis industry no longer riding high: Job losses, supply imbalances, dwindling profits hit sector

Cannabis industry no longer riding high: Job losses, supply imbalances, dwindling profits hit sector

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Cannabis NewsSeptember 6, 2023

Washington debates ways to link the marijuana businesses with banking, ease tax burdens. Western states such as California and Oregon are overflowing with cannabis, a supply glut that is driving down prices and sparking pleas for federal permission to sell marijuana across state lines. Pot users in

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NYC Council to weigh awareness campaign on illicit Weed sales

NYC Council to weigh awareness campaign on illicit Weed sales

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Cannabis NewsSeptember 6, 2023

The New York City Council will hear arguments on a bill Wednesday that would create an awareness campaign on the dangers of buying cannabis products from unlicensed sellers. The bill comes at a time of ongoing chaos in the state’s recreational marijuana market which has had numerous setbacks since

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Thieves steal $9,000 worth of marijuana from Queens smoke shop

Thieves steal $9,000 worth of marijuana from Queens smoke shop

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Cannabis NewsSeptember 6, 2023

Police are searching for a group accused of robbing a smoke shop in Queens Monday. Police said the thieves entered Zaza Smoke Shop on Bell Boulevard and threatened a 20-year-old employee working there by displaying a gun. The group stole merchandise and marijuana products worth $9,000, according to

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Lawsuit accuses N.J. Mayor of rigging Cannabis Approval for his OWN town

Lawsuit accuses N.J. Mayor of rigging Cannabis Approval for his OWN town

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Cannabis NewsSeptember 6, 2023

Cannabis Company Sues Hopewell Borough Over Licensing Process Amidst Allegations of Mayor's Conflict of Interest. A cannabis company has filed a suit against Hopewell Borough, a municipality in Mercer County, over its cannabis licensing process, alleging a conflict of interest with its mayor, former

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Is NJ legal Weed's explosive growth slowing down? Inside the 'tug of war' over Cannabis

Is NJ legal Weed's explosive growth slowing down? Inside the 'tug of war' over Cannabis

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Cannabis NewsSeptember 5, 2023

When it comes to the roaring success — or critical failure — of the New Jersey cannabis industry, fingers are pointing in every direction. The dispensary operators. The regulators. The legislators. The black market. But in reality? "I don't think this is really a concern over whether the market is

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California doubles funding for Cannabis retail grants

California doubles funding for Cannabis retail grants

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Cannabis NewsSeptember 5, 2023

California Doubles Funding for Retail Access Grants to Expand Cannabis Access Across the State. California’s Department of Cannabis Control (DCC) has announced it has doubled funding for the Phase II round of its Local Jurisdiction Retail Access Grant programme. Consumers in California are currently

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Rick Williams wants NFL to use Cannabis to treat players

Rick Williams wants NFL to use Cannabis to treat players

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Cannabis NewsSeptember 5, 2023

Ex-NFL star Ricky Williams says the league is moving in the right direction by loosening its stance on cannabis in recent years. But tells TMZ Sports he's hoping Roger Goodell's organization goes one step further by allowing teams to treat players with marijuana after games. Ricky -- who was

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Rick Williams wants NFL to use Cannabis to treat players

Rick Williams wants NFL to use Cannabis to treat players

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Cannabis NewsSeptember 5, 2023

Ex-NFL star Ricky Williams says the league is moving in the right direction by loosening its stance on cannabis in recent years. But tells TMZ Sports he's hoping Roger Goodell's organization goes one step further by allowing teams to treat players with marijuana after games. Ricky -- who was

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TMZ

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Major study advises young people, pregnant women and drivers to avoid Cannabis

Major study advises young people, pregnant women and drivers to avoid Cannabis

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Cannabis NewsSeptember 5, 2023

Umbrella review of research over past 20 years says marijuana can be effective for illnesses such as epilepsy, multiple sclerosis, and chronic pain, ‘not without adverse events’. A major international study of cannabis use found that while the drug can be effective for certain illnesses, it should

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Cannabis companies demand retail licences in New York

Cannabis companies demand retail licences in New York

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Cannabis NewsSeptember 5, 2023

New York Cannabis Companies Urge Governor to Issue Retail Licenses Amid Program Rollout Chaos. In a letter to New York’s governor, four cannabis companies have highlighted the mess of New York’s adult-use cannabis programme rollout, calling on the state to issue retail licences. New York recently

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States with weaker Marijuana laws see more impaired driving

States with weaker Marijuana laws see more impaired driving

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Cannabis NewsSeptember 5, 2023

States with less restrictive marijuana policies have higher incidents of residents driving while high, a new report finds. The Drug Free America Foundation released a new report showing that states that have legalized or weakened restrictions around high-THC marijuana, either for medical or

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Who is campaigning against Recreational Marijuana, and how?

Who is campaigning against Recreational Marijuana, and how?

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Cannabis NewsSeptember 5, 2023

Battle Over Ohio's Adult-Use Marijuana Initiative Heats Up as Campaigns Begin. Less than two weeks after Secretary of State Frank LaRose announced that an adult-use marijuana initiated statute would appear on Ohio ballots this November, coalitions on both sides of the issue have begun campaigning

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Pot stocks jump on reports that US may ease Cannabis restrictions

Pot stocks jump on reports that US may ease Cannabis restrictions

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Cannabis NewsSeptember 5, 2023

Embattled Canadian cannabis stocks jumped Thursday on the hope that the U.S. may ease restrictions on the substance. The Associated Press reported that the U.S. health department has recommended marijuana be moved from a schedule one to a schedule three controlled substance. U.S. Senate leaders

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What the federal 'Rescheduling' of Cannabis would (and wouldn't) mean

What the federal 'Rescheduling' of Cannabis would (and wouldn't) mean

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Cannabis NewsSeptember 5, 2023

It wouldn't legalize the plant, but it may be better than nothing. Even still, the DEA has to approve the measure. You may have heard the big news that cannabis could be “rescheduled,” from Schedule I to Schedule III. Here’s what it means, with the bottom line being that rescheduling wouldn’t

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What the federal 'Rescheduling' of Cannabis would (and wouldn't) mean

What the federal 'Rescheduling' of Cannabis would (and wouldn't) mean

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Cannabis NewsSeptember 5, 2023

It wouldn't legalize the plant, but it may be better than nothing. Even still, the DEA has to approve the measure. You may have heard the big news that cannabis could be “rescheduled,” from Schedule I to Schedule III. Here’s what it means, with the bottom line being that rescheduling wouldn’t

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Cannabis Industry enjoys a rare moment of Progress

Cannabis Industry enjoys a rare moment of Progress

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Cannabis NewsSeptember 5, 2023

Long-delayed step. It’s not very often that Trump supporter and Republican Representative Matt Gaetz and Democratic Senate Majority Leader Chuck Schumer are on the same page. But that’s where we found ourselves last week after the Department of Health and Human Services recommended the Drug

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Decibel expands global footprint into UK Medical Cannabis market

Decibel expands global footprint into UK Medical Cannabis market

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Cannabis NewsSeptember 1, 2023

Canada-based Decibel is expanding its global footprint through a new supply agreement to provide premium dried medical cannabis flower to the United Kingdom’s 4C LABS. 4C Labs is a healthcare, technology and pharmaceutical company focused on virtual prescribing, pharmaceutical distribution and

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Regulators ‘concerned’ after two Michigan doctors issue 23,000 medical Marijuana cards

Regulators ‘concerned’ after two Michigan doctors issue 23,000 medical Marijuana cards

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Cannabis NewsSeptember 1, 2023

The data raises suspicions, according to a recent audit. Eighteen Michigan doctors were responsible for nearly 62% of 134,709 medical marijuana patient certifications cards issued in Michigan between April 1, 2021 and Sept. 29, 2022, according a performance review of Cannabis Regulatory Agency data

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Illinois’ first music festival permitting Cannabis consumption announced

Illinois’ first music festival permitting Cannabis consumption announced

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Cannabis NewsSeptember 1, 2023

Illinois to Host 'Miracle in Mundelein' - State's First Cannabis-Friendly Music Festival. Organizers have announced Illinois’ first concert that permits cannabis consumption – a two-day event in September that merges music and cannabis culture – set to take place in north suburban Mundelein. The

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