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Only 24,4% of Cannabis operators profitable due to 280E and other challenges

Only 24,4% of Cannabis operators profitable due to 280E and other challenges

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Cannabis NewsJuly 13, 2023

According to Beau Whitney of Whitney Economics, policy solutions include safe banking, 280E reform, and opening up interstate commerce. A new report on the U.S. cannabis market is making the rounds, and paints a pretty dire picture of where the industry is today economically, with just 24.4% of

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Scotland’s government calls for drug decriminalization

Scotland’s government calls for drug decriminalization

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Cannabis NewsJuly 12, 2023

The Scottish government has unveiled a plan to decriminalize possession of personal quantities of drugs, a proposal that was quickly rejected by the UK national government. The Scottish government last week called for decriminalizing possession of personal quantities of drugs in a bid to address the

Marijuana Politics

Maryland’s first week of adult-use Cannabis Sales tops $20M

Maryland’s first week of adult-use Cannabis Sales tops $20M

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Cannabis NewsJuly 12, 2023

Maryland retailers rang up more than $20 million in weed purchases during the first week of regulated adult-use cannabis sales, according to state officials. Maryland’s first week of regulated sales of adult-use cannabis totaled more than $20 million dollars, only eight months after voters legalized

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Trulieve announces opening of 4th Medical Cannabis dispensary in Georgia

Trulieve announces opening of 4th Medical Cannabis dispensary in Georgia

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Cannabis NewsJuly 12, 2023

Trulieve Cannabis Corp, a leading and top-performing cannabis company in the United States, today announced the grand opening of Trulieve's fourth medical cannabis dispensary in the state. "Increasing access for Georgia's growing patient population is a responsibility we take seriously," said Kim

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Portugal: all roads lead to Legalization, but when?

Portugal: all roads lead to Legalization, but when?

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Cannabis NewsJuly 11, 2023

The legalisation of cannabis in Portugal has been a long and winding road, which has been traveled for more than a decade, with the Bloco de Esquerda (BE) leading the odyssey to reach the much-desired destination. However, in recent years, almost all parties have been converging in the same

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Germany unveils draft bill to Legalize Cannabis

Germany unveils draft bill to Legalize Cannabis

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Cannabis NewsJuly 10, 2023

Germany's government is taking steps toward the legalization of cannabis by publishing the draft bill for the first pillar of a two-pillar model designed to dismantle prohibition policies. German's Ministry of Health published on July 5 the long-waited draft bill to regulate the use of cannabis for

Marijuana Politics

Montana’s Senate election complicates Cannabis legislation

Montana’s Senate election complicates Cannabis legislation

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Cannabis NewsJuly 10, 2023

Democrats are accusing Republicans of playing politics with a package of veterans bills spearheaded by Montana Senator Jon Tester. The road for veterans’ cannabis research — and potentially control of the Senate — runs through Montana. Sen. Jon Tester (D-Mont.) is the lead author of a bill to

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As more states legalize Pot, their uneven safety rules can pose a risk

As more states legalize Pot, their uneven safety rules can pose a risk

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Cannabis NewsJuly 10, 2023

Tests for marijuana potency and contamination vary across state lines. Amid the growing acceptance and legalization of cannabis use across the country, a concerning reality has emerged: The state-by-state patchwork of safety regulations can leave marijuana consumers wandering through a haze of

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Wiltshire Police seize 100kg of Cannabis in single raid

Wiltshire Police seize 100kg of Cannabis in single raid

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Cannabis NewsJuly 10, 2023

More than 100kg of cannabis has been seized in a single haul in an operation targeting organized crime groups. Wiltshire Police worked with Police and Crime Commissioners (PCCs) and charity Crimestoppers, in Operation Mille. Other forces in the South West were also part of the operation that made 18

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Ayr Wellness, well-known Cannabis advocates team to launch brand

Ayr Wellness, well-known Cannabis advocates team to launch brand

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Cannabis NewsJuly 10, 2023

Ayr Wellness partners with Cannabis advocates Stanley Okoro and Brendon Robinson. Multistate operator Ayr Wellness is teaming up with well-known cannabis advocates Stanley Okoro and Brendon Robinson for the launch of a brand that’ll help support the lifelong friends’ mission to give minorities a

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Cannabis now and where it goes next

Cannabis now and where it goes next

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Cannabis NewsJuly 10, 2023

Cannabis sales in the US are continuing their run of impressive growth. Sales hit $30 billion in 2022, and by New Frontier Data’s account they will reach between $58 billion and $70 billion by 2030 depending on the pace of legal reform. Legal cannabis is still expanding its geographical footprint as

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Hong Kong jails first person under Cannabis compound CBD ban

Hong Kong jails first person under Cannabis compound CBD ban

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Cannabis NewsJuly 7, 2023

HONG KONG: A 32-year-old woman was jailed on Friday (Jul 7) for bringing cannabidiol (CBD) into Hong Kong, the first criminal conviction under the city's recent blanket ban on the substance. CBD - a non-psychoactive derivative of the cannabis plant - is touted by its users as reducing pain, stress

Marijuana Politics

Cannabis retailers relieved by end of province’s social responsibility fee

Cannabis retailers relieved by end of province’s social responsibility fee

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Cannabis NewsJuly 7, 2023

Every year, come June 30, regardless of how well the store had been doing throughout the year, AAAAA Supercraft Cannabis in Ste. Anne, Man., would invariably sink into the red. That’s when a year’s worth of the province’s six per cent social responsibility fee (SRF) came due. But the province

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Over £4M of Cannabis seized in West Yorkshire as part of Unprecedented National Campaign

Over £4M of Cannabis seized in West Yorkshire as part of Unprecedented National Campaign

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Cannabis NewsJuly 6, 2023

Officers from West Yorkshire Police have seized cannabis estimated to be worth more than £4 million after executing 50 search warrants as part of a national operation aimed at tackling organised crime groups (OCGs). A total of 46 people were arrested for offences linked to the drugs trade as part of

Marijuana Politics

More than 200,000 signatures submitted to regulate tax Marijuana

More than 200,000 signatures submitted to regulate tax Marijuana

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Cannabis NewsJuly 6, 2023

Ohioans may get a say on whether the state should legalize recreational marijuana. The Coalition to Regulate Marijuana Like Alcohol just submitted over 200,000 signatures for their proposal on the November ballot. If it passes, Ohioans age 21 and older would have the right to buy, possess, and

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The push for Legal Weed faces hostile ground in red states

The push for Legal Weed faces hostile ground in red states

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Cannabis NewsJuly 5, 2023

Legalization efforts are increasingly focused on staunchly conservative states more resistant to loosening marijuana rules. Weed legalization advocates are running out of friendly territory. The movement has swept the country over the last decade: Nearly half of Americans now live in a state where

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DeSantis signs bill prohibiting Medical Marijuana

DeSantis signs bill prohibiting Medical Marijuana

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Cannabis NewsJuly 5, 2023

Florida Governor Ron DeSantis Signs Bill Banning Medical Marijuana in Sober Living Facilities, Sparking Controversy. Florida Gov Ron DeSantis, a 2024 Republican presidential candidate, has signed a bill that expressly prohibits sober living facilities from allowing residents to possess or use

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Seven Founding Fathers who farmed Hemp and advocated for it

Seven Founding Fathers who farmed Hemp and advocated for it

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Cannabis NewsJuly 4, 2023

America is built on a foundation of hemp advocacy, since the beginning. On July 4, 1776—247 years ago—the Second Continental Congress unanimously adopted the Declaration of Independence, announcing the colonies’ separation from Great Britain. Many of them not only grew hemp but insisted how

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We’re getting equity wrong

We’re getting equity wrong

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Cannabis NewsJune 30, 2023

A journalist’s plea for entrepreneurs, brands, and regulators to look beyond retail licenses and nonprofit donations. Another Juneteenth has come and passed, bringing a renewed wave of highlights of Black-owned brands and commitments to fostering diversity and equity in cannabis. Then, it’s back to

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Is the European Union set to change its stance on Cannabis?

Is the European Union set to change its stance on Cannabis?

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Cannabis NewsJune 28, 2023

THE wind has been taken out of the sails of European cannabis recently with Germany opting to curtail its ambitions of a fully-fledged domestic, adult-use market. Following a January 18 meeting between the European Commission Director-General for Migration and Home Affairs Monique Pariat and its

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