Month: February 2022

ANNAPOLIS, Md. (AP) — The Maryland House advanced legislation Wednesday to legalize recreational marijuana in the state, if voters approve a constitutional amendment in November. The House gave preliminary approval to two separate measures. The first would put the matter on the ballot. The second includes steps that would be taken on moving forward if

Top NY lawmaker’s PAC has marijuana focus; KY legalization bills; Wells Fargo: Fed cannabis policy hurts workforce; Canadian drug decrim momentum Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. Your support makes Marijuana Moment possible… Looking

Top NY lawmaker’s PAC has marijuana focus; KY legalization bills; Wells Fargo: Fed cannabis policy hurts workforce; Canadian drug decrim momentum Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. Your support makes Marijuana Moment possible… Looking

If there is a better name for Safe Harbor Financial than, well, Safe Harbor Financial, I cannot think of it. What this rare Denver, Colorado-based Credit Union Service Organization (CUSO) does and has been doing since 2015 is precisely and literally provide a commercial safe harbor to banking-strapped cannabis businesses. If these were sailors instead

by Hilary Bricken, Principal at Harris Bricken I’ve written a couple of times about the ongoing struggle that is the California cannabis tax situation, and I was recently on a great panel about the future of cannabis taxes in the country. California cannabis taxes are some of the highest in the U.S.. The situation seems

“The reality is if we were to open the adult-use market right now with the existing businesses that are online right now, it would be dominated by MSOs.” By Dana DiFilippo and Sophie Nieto-Muñoz, New Jersey Monitor Jersey City plant shop owner Shayla Cabrera has eyed the cannabis industry for years, dreaming of growing and

“The reality is if we were to open the adult-use market right now with the existing businesses that are online right now, it would be dominated by MSOs.” By Dana DiFilippo and Sophie Nieto-Muñoz, New Jersey Monitor Jersey City plant shop owner Shayla Cabrera has eyed the cannabis industry for years, dreaming of growing and

“The reality is if we were to open the adult-use market right now with the existing businesses that are online right now, it would be dominated by MSOs.” By Dana DiFilippo and Sophie Nieto-Muñoz, New Jersey Monitor Jersey City plant shop owner Shayla Cabrera has eyed the cannabis industry for years, dreaming of growing and

The marijuana industry in the U.S. continued to grow in 2021, with almost half a million people now employed full-time in the cannabis sector as more state markets come online and mature, according to a report released by Leafly on Wednesday. That growth is expected to continue exponentially as states like New York, New Jersey

A second Hawaii Senate committee has approved a bill to set up a state working group to study the therapeutic benefits of psilocybin mushrooms and develop a “long-term” plan to ensure that the psychedelic is accessible for medical use for adults 21 and older. It’s one of several psilocybin measures—including one that’s broader in scope

Industry insiders have known for some time that most cannabis businesses struggle with cash flow problems.  This is caused by many factors such as federal illegality, high taxes and fees, including Section 280E of the tax code, a dearth of financing options, and burdensome and inefficient licensing and regulatory obligations. Now it appears that a

Gotham Green ultimately agreed to loan iAnthus up to $140 million, but the lender was not obligated to provide the full amount. While it appeared to be a financial lifeline at the time, the series of deals could ultimately prove catastrophic for iAnthus shareholders, potentially wiping out hundreds of millions of dollars from investors and

The survey found 90% of NPAs want legalized marijuana. Florida hasn’t moved toward making cannabis legal for recreational adult use yet, but a new poll suggests voters would have no issue with it. A survey released Tuesday by the University of North Florida’s Public Opinion Research Lab revealed three in four Floridians are ready to

One year ago today, Gov. Phil Murphy briefly switched gears during his regular COVID-19 briefing. It had been a few hours since the Legislature had finally — after months of political theater — passed the final bill that, as part of a package, would legalize marijuana. “New Jersey’s broken, indefensible marijuana laws … are no more,” Murphy said,

In 2018, nearly 57% of Oklahoma voters approved a ballot initiative legalizing medical marijuana. And since then, the industry has exploded. If you’re a Texan who thinks marijuana is only available in liberal cities and states, the reality on your doorstep is much different. Oklahoma considers itself the reddest state in the nation. And it

A top Wells Fargo analyst says that there’s one main reason for rising costs and worker shortages in the transportation sector: federal marijuana criminalization and resulting drug testing mandates that persist even as more states enact legalization. Chris Harvey, who serves as head of equity strategy at Wells Fargo Securities, addressed the issue during a

The governor of New York on Tuesday signed a bill to provide provisional marijuana cultivator and processor licenses for existing hemp businesses that take certain steps to promote equity in the emerging industry. Assembly Majority Leader Crystal Peoples-Stokes, who championed the state’s adult-use legalization bill that was enacted last year, and Sen. Michelle Hinchey (D)

Oklahoma drug enforcement officers conducted a massive raid of nine marijuana grow operations across the state early Tuesday, targeting criminal organizations that are believed to have transported black market cannabis out of state. The Oklahoma Bureau of Narcotics led the multi-agency operation with more than 200 state, federal and local law enforcement officers executing search warrants and arrest

The governor of New York on Tuesday signed a bill to provide provisional marijuana cultivator and processor licenses for existing hemp businesses that take certain steps to promote equity in the emerging industry. Assembly Majority Leader Crystal Peoples-Stokes, who championed the state’s adult-use legalization bill that was enacted last year, and Sen. Michelle Hinchey (D)

The governor of New York on Tuesday signed a bill to provide provisional marijuana cultivator and processor licenses for existing hemp businesses that take certain steps to promote equity in the emerging industry. Assembly Majority Leader Crystal Peoples-Stokes, who championed the state’s adult-use legalization bill that was enacted last year, and Sen. Michelle Hinchey (D)

Gov. Kathy Hochul signed a conditional cannabis cultivation bill Tuesday that will allow some New York hemp farmers to grow cannabis beginning this spring. According to the governor’s office, the conditional licenses will fast-track the state’s adult-use cannabis program while also helping New York farmers. State officials say leading with these cultivation licenses will help

A top Wells Fargo analyst says that there’s one main reason for rising costs and worker shortages in the transportation sector: federal marijuana criminalization and resulting drug testing mandates that persist even as more states enact legalization. Chris Harvey, who serves as head of equity strategy at Wells Fargo Securities, addressed the issue during a

The governor of New York on Tuesday signed a bill to provide provisional marijuana cultivator and processor licenses for existing hemp businesses that take certain steps to promote equity in the emerging industry. Assembly Majority Leader Crystal Peoples-Stokes, who championed the state’s adult-use legalization bill that was enacted last year, and Sen. Michelle Hinchey (D)

Top NY lawmaker’s PAC has marijuana focus; KY legalization bills; Wells Fargo: Fed cannabis policy hurts workforce; Canadian drug decrim momentum Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. Your support makes Marijuana Moment possible… Looking

Gen Z’s pot appetite fuels optimism Emily Paxhia’s coming-around-to-cannabis story has a surprise ending. Like many cannabis enthusiasts, Paxhia said she shifted in favor of the drug when someone close to her was suffering, and conventional medicine couldn’t help. But the plight of her loved one — her father, who passed away from cancer in 1996 — didn’t just

FEARS the European Commission will once more change its position on the status of CBD have receded after it Validated its first Novel Food applications for natural plant extracts. BusinessCann understands at least five companies have been informed by the EC that their applications to sell CBD products have made it through to the final

Small weed farms are facing extinction under oppressive regulations, high taxes, and a statewide collapse in cannabis pricing It’s a raw December day in the heart of California weed country, and thousands of cannabis growers, purveyors and smokers are gathered at the 18th annual Emerald Cup Harvest Ball in Santa Rosa, California. The blissful funk

One of the reasons content marketing is so important today is because it’s incredibly effective to boost your website’s search engine traffic. High quality content published to your website and shared online can bring long-term sustainable growth to your brand’s website and your business if you understand current trends and follow best practices. This month,

Even as states have adopted less punitive drug policies—with an emphasis on treatment over incarceration—police have continued to arrest people for illegal substances at a steady rate, a new analysis from the Pew Charitable Trust found. The report details several interesting trends in drug policy and enforcement that developed from 2009 to 2019. Researchers identified

How can multistate operators (MSOs) develop a genuine cannabis flower brand when the interstate transport of THC is prohibited? If a brand promises uniform quality, how does an MSO guarantee that a gram of Sour Diesel sold at their California dispensary is the same quality as the Sour Diesel sold at their Maine dispensary? Given