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Cannabis legal fight heating up between Jersey City and state officials

Cannabis legal fight heating up between Jersey City and state officials

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Cannabis NewsOctober 17, 2023

Jersey City officials and police plan to lay out a federal lawsuit Tuesday that aims to block officers from using legal recreational cannabis while off-duty. State law allows the use of marijuana by officers when they’re off duty. Since recreational marijuana use became legal in New Jersey last year

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As more states legalize Cannabis, the market for seeds is in full bloom

As more states legalize Cannabis, the market for seeds is in full bloom

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Cannabis NewsOctober 17, 2023

The messy intersection of botany and the law contributes to the murky legal status of seeds used to grow THC-rich cannabis. On 1 August, Minnesota became the latest state to legalize recreational cannabis use. That very same day, residents began to hit up Jim Cramond’s store, Strains of the Earth

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Is Elon Musk the hero the Cannabis Industry needs right now?

Is Elon Musk the hero the Cannabis Industry needs right now?

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Cannabis NewsOctober 17, 2023

There's still hope for the industry, even if Congress doesn't pass marijuana reform. Earlier this year, there was excitement that the federal government might reschedule marijuana from a Schedule I substance down to Schedule III. It would be a big step toward decriminalization, which could help open

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Marijuana Legalization trades taxes for social problems

Marijuana Legalization trades taxes for social problems

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Cannabis NewsOctober 16, 2023

Legalized recreational marijuana in a number of states give Pennsylvania some test cases for what to consider in its own debates. A recent paper from the Federal Reserve Bank of Kansas City notes that the tradeoff of legalization might be: more economic growth, but more social problems too. “Overall

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Bill to severely cut NYC Cannabis dispensary taxes still awaiting governor’s signature

Bill to severely cut NYC Cannabis dispensary taxes still awaiting governor’s signature

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Cannabis NewsOctober 16, 2023

To great fanfare, New York State recently allowed cannabis operators to deduct business expenses on their state taxes. The move will likely save Empire State cannabis companies – already operating at a disadvantage due to marijuana’s Schedule I classification – tens to hundreds of thousands of

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From high flying to burnout, Canada’s Cannabis industry faces downturn five years post-legalization

From high flying to burnout, Canada’s Cannabis industry faces downturn five years post-legalization

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Cannabis NewsOctober 13, 2023

When Abi Roach thinks about the 20 years she spent fighting for Canada to legalize cannabis, she says pot legislation is like a clenched fist. The analogy, which Roach first heard from a former Toronto councillor, represents the tight grip on the cannabis market that legislators held for centuries

Marijuana Politics

Wyoming advocates adamant on collecting signatures for Ballot Initiatives

Wyoming advocates adamant on collecting signatures for Ballot Initiatives

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Cannabis NewsOctober 13, 2023

Advocates in Wyoming are looking to collect signatures once again to qualify two medical cannabis bills for the 2024 ballot. Wyoming advocates are more motivated than ever to get a medical cannabis bill on the 2024 ballot, especially because of miscommunication in required signature counts from the

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Missouri gave one of few small-business marijuana licenses to a New Jersey company. Why?

Missouri gave one of few small-business marijuana licenses to a New Jersey company. Why?

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Cannabis NewsOctober 13, 2023

Missouri's Cannabis Equity Program Draws Scrutiny as Out-of-State Businesses Secure Licenses. One of the businesses awarded a license intended to help small and minority-owned businesses break into Missouri’s lucrative marijuana market is based more than a thousand miles away in New Jersey. The

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Cannabis Industry ‘Debanking’ Survey Launched

Cannabis Industry ‘Debanking’ Survey Launched

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Cannabis NewsOctober 12, 2023

A survey to understand the scale of UK cannabis industry banking challenges has been launched by the Cannabis Industry Council (CIC). This follows ongoing anecdotal concerns across the industry about accessibility issues for bank accounts and other financial services. Without a business bank account

Marijuana Politics

Safe daily limit of cannabidiol CBD cut by regulator

Safe daily limit of cannabidiol CBD cut by regulator

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Cannabis NewsOctober 12, 2023

UK food regulators have lowered the recommended safe daily dose of cannabidiol (CBD), a cannabis extract present in many different High Street products, including drinks and snacks. The Food Standards Agency says the advice is precautionary, following concerns long-term use might cause liver and

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Massachusetts’s Suspended Cannabis Chair Drops Lawsuit

Massachusetts’s Suspended Cannabis Chair Drops Lawsuit

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Cannabis NewsOctober 10, 2023

The former chair of Massachusetts Cannabis Control Commission (CCC), who was suspended last month, has now dropped her legal challenge after a hearing was granted. Last week, Business of Cannabis reported that Shannon O’Brien was ‘suspended with pay’ by state treasurer Deborah B. Goldberg in

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It's time to align Cannabis laws with reality in Arizona

It's time to align Cannabis laws with reality in Arizona

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Cannabis NewsOctober 6, 2023

There are some important movements afoot to bring cannabis into the mainstream and make cannabis businesses easier to operate. First, the Department of Health and Human Service (HHS) has recommended to the Drug Enforcement Administration (DEA) that cannabis be rescheduled from Schedule I to Schedule

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Ohio could earn millions in tax revenue if Recreational Marijuana is legalized

Ohio could earn millions in tax revenue if Recreational Marijuana is legalized

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Cannabis NewsOctober 6, 2023

Ohio could take in $218 million in tax revenue if the state votes to legalize recreational marijuana this November, a new study shows. Passage of Issue 2 on Nov. 7 to legalize adult-use cannabis could generate $182 million to $218 million during the first full year of operations, according to

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Florida Recreational Marijuana initiative goes to state Supreme Court

Florida Recreational Marijuana initiative goes to state Supreme Court

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Cannabis NewsOctober 5, 2023

Florida's Recreational Marijuana Ballot Measure Faces Legal Challenge. With more than a million valid signatures, a recreational marijuana legalization initiative seems poised to pop up on Florida’s 2024 ballot, but it has one last hurdle to clear — a legal challenge from state Attorney General

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Is Cannabis Rescheduling a Solution?

Is Cannabis Rescheduling a Solution?

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Cannabis NewsOctober 4, 2023

Experts Delve Into California Cannabis Retail Challenges At Benzinga Conference. “I think the taxation structure makes it extremely difficult to make money given the impact of that,” said Seth Yakatan, co-founder at Katan Associates, during a dynamic Benzinga Cannabis Capital Conference panel

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Small Cannabis Businesses are at risk if SAFER banking bill passes

Small Cannabis Businesses are at risk if SAFER banking bill passes

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Cannabis NewsOctober 2, 2023

Marijuana advocates fears that America's $26 billion legal cannabis industry is in danger of being consolidated 'into the hands of a few well-financed national players.' After some debate, last week the Senate Banking Committee voted to advance the Secure and Fair Enforcement Regulation Banking Act

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Thailand to reconsider Cannabis decriminalization amid thriving market

Thailand to reconsider Cannabis decriminalization amid thriving market

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Cannabis NewsOctober 2, 2023

Thailand's new government is reconsidering ending the ongoing decriminalization of cannabis almost two years after it became the first Asian country to do so. Prime Minister Srettha Thavisin has recently vowed to roll back 2022 cannabis legislation amid a hardline anti-narcotics campaign pledged

Marijuana Politics

Cannabis for Pain and PTSD Goes Up in Smoke

Cannabis for Pain and PTSD Goes Up in Smoke

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Cannabis NewsOctober 2, 2023

“The favorable outcomes that patients report with these substances for both pain and PTSD currently are better explained by expectancy biases than by a treatment effect,” the researchers write. In a new article in JAMA Psychiatry, researchers review the evidence for cannabis in the treatment of pain

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Georgia Department of Health reports discovery of inflated Cannabis patient number

Georgia Department of Health reports discovery of inflated Cannabis patient number

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Cannabis NewsOctober 2, 2023

The state reported that while its data previously showed 50,000 patients and caregivers, now it estimates there are only 14,000. The Georgia Department of Public Health (DPH) announced on Sept. 27 that its previously recorded data regarding the number of medical cannabis patients is actually less

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Minnesota now has full-time inspector for THC edibles

Minnesota now has full-time inspector for THC edibles

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Cannabis NewsOctober 2, 2023

The Minnesota agency tasked with regulating the state's burgeoning THC edible industry now has an inspector fully dedicated to enforcement. Why it matters: The 2022 law legalizing food and beverages containing 5mg or less of hemp-derived THC lacked resources for oversight and enforcement, creating

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