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Cannabis 'price war' could cause 'significant' damage to industry

Cannabis 'price war' could cause 'significant' damage to industry

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Cannabis NewsMarch 20, 2023

Hexo Corp.'s chief executive says he's seen a "price war" take shape over the last five months that could cause "significant" damage to Canada's cannabis industry. "No one wins in a price war," Charlie Bowman told analysts on a Friday call. Hexo Corp.'s chief executive says he's seen a "price war"

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Mexico opens its doors to the commercialization of Hemp

Mexico opens its doors to the commercialization of Hemp

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Cannabis NewsMarch 17, 2023

Mexico has the necessary experience, natural resources, and workforce to become one of the largest producers of cannabis in the region. Last week, a significant milestone occurred in the cannabis space: Mexico’s Department of Health, known as Comisión Federal para la Protección contra Riesgos

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Medical Marijuana businesses hurt by license renewal delays

Medical Marijuana businesses hurt by license renewal delays

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Cannabis NewsMarch 17, 2023

TULSA - The shelves at Preme Cannabis Company don't have the selection they used to. It's not that James Walker, owner of Preme Cannabis Co., hasn't wanted to buy the product, it's that he hasn't been allowed to since January. "Something has to be done. I mean, we can’t keep the doors open like this

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Louisiana's crackdown on legal THC products ran into lawsuits but judge has blocked enforcement

Louisiana's crackdown on legal THC products ran into lawsuits but judge has blocked enforcement

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Cannabis NewsMarch 17, 2023

Gummies and other products made from hemp were legalized and have become very popular. An attempt by Louisiana regulators to crack down on consumable hemp products – billed as legal THC by some of the thousands of retailers licensed to sell them – has run into swift pushback from the hemp industry

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Consumers and businesses need better regulation of Cannabinoids

Consumers and businesses need better regulation of Cannabinoids

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Cannabis NewsMarch 17, 2023

Attorneys Pamela Epstein of Terpene Belt and Andrew Kline of Perkins Coie call on Congress to modernize the 2023 Farm Bill to regulate all intoxicating cannabinoids and protect the safety of businesses and consumers. Our democracy is driven by both laws and fundamental freedoms. Americans expect

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Inflated THC levels and price gouging would be banned under California Bill

Inflated THC levels and price gouging would be banned under California Bill

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Cannabis NewsMarch 17, 2023

AB 1610 would create transparency and tackle inflated THC levels, which leads to price gouging. Enormous pressure to maximize THC levels falls upon cultivators, manufacturers, and labs. And when THC levels are inflated, it creates unrealistic expectations for higher numbers, and it erodes trust in

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When grandma uses Medical Cannabis, who pays?

When grandma uses Medical Cannabis, who pays?

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Cannabis NewsMarch 17, 2023

Many older adults are using medical marijuana to treat a variety of conditions, but experts say that conflicting laws, unclear safety standards and complicated rulemaking processes mean it could be years before Medicare may cover the drug. One in five Medicare recipients currently uses medical

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How is recreational Marijuana impacting supply in Missouri?

How is recreational Marijuana impacting supply in Missouri?

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Cannabis NewsMarch 17, 2023

As the cannabis industry continues to flourish in Missouri, supply issues for dispensaries have become a hot topic in media recently. Several reports on local television and in traditional newspapers from larger markets have reported in recent weeks that recreational marijuana legalization has

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California’s Cannabis equity grants reek of hypocrisy

California’s Cannabis equity grants reek of hypocrisy

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Cannabis NewsMarch 17, 2023

I am sure the underserved communities are looking forward to this for equality. Re “San Diego awarded $880K cannabis equity grant to boost industry access” (March 2): Our caring state of California has awarded $20 million grants to make marijuana products more available in areas where people don’t

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Cannabis expungement law takes effect in DC

Cannabis expungement law takes effect in DC

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Cannabis NewsMarch 17, 2023

Residents of Washington, D.C. can now take steps to have marijuana-related convictions expunged from their record, thanks to a new law that took effect last week. The measure that was approved by the Council of the District of Columbia late last year mandates an “automatic sealing for non-dangerous

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Germany to introduce bill to legalize Cannabis in the coming weeks

Germany to introduce bill to legalize Cannabis in the coming weeks

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Cannabis NewsMarch 16, 2023

Germany's plan to legalize cannabis has received positive feedback from the European Union. According to Health Minister Karl Lauterbach, who announced that a bill for the legalization of cannabis would be introduced in the coming weeks. Germany is moving forward with its plan to legalize cannabis

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North Shore Community College to offer certificate in "Cannabis operations"

North Shore Community College to offer certificate in "Cannabis operations"

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Cannabis NewsMarch 16, 2023

LYNN - North Shore Community College is now offering a Cannabis Cultivation and Retail certificate. The college, which has campuses in Lynn and Danvers, said students will need to complete a 16-credit, two-semester program to earn the certificate. The program will be held at the Lynn campus. "This

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Minnesota bill to legalize Marijuana gets major rewrite

Minnesota bill to legalize Marijuana gets major rewrite

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Cannabis NewsMarch 16, 2023

Legislation to legalize recreational marijuana for adults in Minnesota underwent a major rewrite Tuesday with the addition of new language to regulate and protect the state's burgeoning industry in low-potency edibles and drinkables. Low-potency products containing THC derived from industrial hemp

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Connecticut Cannabis sales off to a modest start but growing

Connecticut Cannabis sales off to a modest start but growing

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Cannabis NewsMarch 16, 2023

Dan Haar: Early CT cannabis numbers show no great haul for state coffers. We're only two months into retail sales of cannabis to folks without a medical condition so it's way too soon to exhale any conclusions about how much tax money this new market will generate for the state. Still, the early

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Questions remain about Marijuana sales tax as election nears

Questions remain about Marijuana sales tax as election nears

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Cannabis NewsMarch 16, 2023

When Columbia and Boone County voters go to the polls April 4 to cast ballots on proposed taxes on the sale of recreational marijuana, it’s unlikely they’ll know whether the taxes, if approved, would stack on top of one another. Both the Columbia City Council and the Boone County Commission have

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Medical Marijuana sales could bring another record-breaking year to Arkansas

Medical Marijuana sales could bring another record-breaking year to Arkansas

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Cannabis NewsMarch 16, 2023

So far this year, Arkansans have spent more than $45 million on medical marijuana, a $4 million increase compared to last year. LITTLE ROCK, Ark. — In the first couple of months of 2023, Arkansans have spent $4 million more on medical marijuana than this time last year. Experts said this could be

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Bill to legalize Marijuana gets addition to regulate Hemp edibles

Bill to legalize Marijuana gets addition to regulate Hemp edibles

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Cannabis NewsMarch 16, 2023

ST PAUL - Legislation to legalize recreational marijuana for adults in Minnesota underwent a major rewrite. Tuesday the addition of new language to regulate and protect the state’s burgeoning industry in low-potency edibles and drinkables was made. Low-potency products containing THC derived from

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UFC fighter Sean O’Malley wants to surpass Connor McGregor in earnings and Cannabis is part of his plan

UFC fighter Sean O’Malley wants to surpass Connor McGregor in earnings and Cannabis is part of his plan

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Cannabis NewsMarch 16, 2023

O'Malley believes getting into cannabis with his own signature strain could be a '$100 million venture'. Connor McGregor was the sports world’s highest-paid athlete in 2021, earning more than US$181 million, according to Forbes. The majority of those earnings were attributed to McGregor selling his

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Slow pace of dispensary openings leaves Fresno, CA. with budget shortfall

Slow pace of dispensary openings leaves Fresno, CA. with budget shortfall

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Cannabis NewsMarch 16, 2023

Fresno, California is facing a budget shortfall of more than $3 million caused by the slow pace of cannabis dispensary openings in the city. The slow pace of retail cannabis dispensary openings in Fresno, California has led to a budget shortfall of more than $3 million for 2023, prompting city

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UN issues ‘warning’ to USA over Cannabis laws suggesting repeal

UN issues ‘warning’ to USA over Cannabis laws suggesting repeal

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Cannabis NewsMarch 16, 2023

The International Narcotics Control Board issued a “warning” about USA adult-use cannabis laws. The United Nations’ (UN) narcotics watchdog issued a press release on March 9, saying that U.S. adult-use cannabis laws are out of sync with the 1961 Single Convention on Narcotic Drugs, (with roots in

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