Vice President Kamala Harris says part of the reason for the delay in the administration’s marijuana rescheduling effort is federal bureaucracy that “slows things down,” including at the Drug Enforcement Administration (DEA). Harris, the 2024 Democratic presidential nominee, briefly addressed the rescheduling process during a town hall hosted by Charlamagne tha God of the radio... Continue Reading →
Avant Brands reports surge in international cannabis sales during Q3
Canadian cannabis producer Avant Brands Inc. (TSX:AVNT) (OTCQX: AVTBF) reported record third-quarter revenues on Tuesday, driven by surging international demand on its end. The company posted gross revenue of C$9.6 million for the quarter ended Aug. 31, up 27% from a year earlier. Net revenue rose 30% to C$8.5 million. Net loss for the third... Continue Reading →
Michigan cannabis sales drop 10% in September
Michigan’s regulated cannabis industry hit a record sales high in August, but fortunes reversed in September, with a 10% decline from the previous month. The state’s Cannabis Regulatory Agency reported total legal cannabis sales of $266.9 million for September, with adult-use sales accounting for $265.9 million of that total. The latest figure is also down... Continue Reading →
Statement on the International Day of Rural Women, 15 October
Statement on the International Day of Rural Women 15 October Women produce between 60-80 per cent of food in developing countries and play a critical role in managing natural resources. Rural women are crucial to the viability of global food production systems . The importance of their role contrasts with their vulnerability stemming from systemic... Continue Reading →
South Dakota House GOP Leader Says Lawmakers Should Regulate Marijuana Sales If Voters Legalize Possession At The Ballot Next Month
“If they pass Initiated Measure 29, we need to have a good faith effort to put in place a regulatory scheme.” By John Hult, South Dakota Searchlight The first thing to know about South Dakota’s recreational marijuana ballot measure is what it doesn’t do: legalize marijuana sales. That would require later legislative action. Initiated Measure... Continue Reading →
Maine issues second cannabis recall for mold, yeast issues
Maine officials issued a health and safety recall for cannabis products sold at a string of adult-use retail stores across the state. The state’s Office of Cannabis Policy announced last week that pre-ground flower, pre-rolls and blunts produced by Nova Farms failed microbial, yeast and mold testing. The products, sold under the strain name “Frosted... Continue Reading →
Supreme Court Hears Oral Argument In Case From Worker Fired Over THC Test Following Use Of CBD Product
The U.S. Supreme Court on Tuesday heard oral arguments in the case of a trucker who sued a cannabis company after he was fired over a positive THC test that he says was caused by consuming a hemp-derived CBD product. Justices during questioning zeroed in on how exactly the worker was harmed by the incident... Continue Reading →
Green Dragon warehouse sells for $11.4M as parent company Eaze preps shutdown
A warehouse used by cannabis operator Green Dragon has sold for $11.4 million, as its parent company prepares to shut down operations amid wider turmoil and legal disputes. Texas-based investor Donald A. Ball, operating as Kovak & Co., acquired the 91,981-square-foot Denver facility for about $124 per square foot, public records show. Ball told the... Continue Reading →
Banks Stand To Generate Over $2 Billion In Revenue From Marijuana Industry Interest Payments By 2035, New Report Finds
As the marijuana industry continues to expand, a new economic analysis finds that the capital that cannabis businesses are expected to need will translate into upwards of $2.4 billion in revenue for banks from loan interest payments over the next 10 years. The report from CTrust, Whitney Economics and Green Check Verified projects that the... Continue Reading →
NORML Op-Ed: Cast the Fear-Mongering Aside — The Sky Won’t Fall if Florida Legalizes Marijuana
Florida already has real-world experience successfully regulating the retail sale and use of medical cannabis. Nearly one million Floridians are now registered with the state to purchase cannabis products from more than 600 licensed retailers. The sky has not fallen, nor will it fall when adult-use similarly becomes legal. Twenty-four states have enacted adult-use legalization. None have... Continue Reading →
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