Uncategorized Archives - Cannabis Business Executive - Cannabis and Marijuana industry news

Cannabis regulator faces heat after rejecting over a thousand initial applicants

Minnesota cannabis regulators say they’ll hold a lottery in the coming weeks to determine who will operate the state’s first legal marijuana businesses, but the Office of Cannabis Management is facing pushback this week after it rejected around two-thirds of…

Joe Rogan Says Harris Campaign Barred Discussion of Marijuana Legalization as Condition for Interview

November 14, 2024
AggregatedNews
Descheduling or Rescheduling Marijuana, Uncategorized
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When Kamala Harris’s campaign team was haggling with Joe Rogan over the conditions that would be placed on a prospective interview, they relayed that the nominee wanted to avoid answering questions about marijuana legalization, likely because of her record of prosecuting…

America’s Embrace of Marijuana

October 25, 2024
AggregatedNews
Descheduling or Rescheduling Marijuana, Uncategorized
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Why public opinion has changed so quickly. Twelve years ago, mainstream politicians opposed marijuana legalization. Recreational use was forbidden even in the most liberal states. Today, even conservative states are considering the policy — including North Dakota, South Dakota and…

New Jersey

New Jersey Governor Murphy signs law that will pull Delta-8, THC seltzers from shelves

September 12, 2024
AggregatedNews
Hemp Business Executive, Hemp Policy & Legal, New Jersey, Uncategorized
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In one fell swoop, the loophole that allowed intoxicating hemp products — from candy-shaped edibles and cannabis flower available at gas stations to the THC seltzers on liquor store shelves — has been closed off. Gov. Phil Murphy on Thursday…

F*** the Treaties: Rescheduling and “Marijuana-Specific Controls”

May 25, 2024
AggregatedNews
Descheduling or Rescheduling Marijuana, Uncategorized
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By Vince Śliwowski, Managing Partner, Harris Sliwoski Marijuana-specific controls in schedule III? The Drug Enforcement Administration (DEA) published its Notice of Proposed Rulemaking (“NOPR”) last week to much fanfare. The NOPR would reschedule marijuana, “marijuana extract” and “naturally derived delta-9 tetrahydrocannabinols” from…

A thriving Black woman-owned cannabis business meets suburban resistance

Hope Wiseman is exactly whom Maryland leaders envisioned supporting when cannabis equity became a state initiative. In Prince George’s County, more dispensaries make some residents and lawmakers shudder. The former investment banker sometimes sits in the driver’s seat of her…

SCOTUS review of the Chevron deference is a game-changer for cannabis

By Deb Tharp While the cannabis industry continues to wait for DEA to decide on rescheduling, it may be downplaying a more consequential issue playing out in Washington: the Supreme Court’s review of Chevron deference. Chevron, simply put, is the…

Connecticut’s recent cannabis shortage is a supply vs. demand issue, officials say

Several cannabis companies have recently sent emails to their customers, telling them there has been a shortage of cannabis flower, the plant material used to roll joints. “We are currently facing a flower shortage in the state due to limited…

The immediate impact of 280E on cannabis companies’ DCF valuations

January 22, 2024
Lane Bruns
Banking, Finance & Real Estate, Cannabis Investments, Uncategorized
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By Lane Bruns, ICANIVEST Executive Summary and Results This article identifies the variables in the DCF (discounted cash flow) valuation model that will immediately change if and when cannabis is rescheduled to a Schedule 3 or below drug. It also…

Colorado

Colorado Springs marijuana dispensaries closing after failure of recreational sales question

Since voters declined to legalize recreational marijuana sales in Colorado Springs in November 2022, dispensaries in town have started to close as proponents of the ballot question predicted. The number of medical marijuana dispensaries in town is down from 114…

Former lawmaker who led Michigan marijuana board is sent to prison for bribery

GRAND RAPIDS, Mich. (AP) — A man formerly known as a powerful Michigan lawmaker was sentenced Thursday to nearly five years in federal prison for accepting bribes as head of a marijuana licensing board. Rick Johnson admitted accepting at least $110,000 when…

Purchase Influence: Beyond Price-Consciousness and into Premium

By Maddy Scanlon Ask anyone in the cannabis industry, and they’ll tell you – consumers are influenced by price. Call it price-consciousness, the “race to the bottom,” or blame inflation – there is a clear phenomenon of cannabis fans seeking…

Marijuana and hallucinogen use, binge drinking reached historic highs among adults 35 to 50

NIH-funded study also shows younger adults reported marijuana, vaping, and hallucinogen use at or near historically high levels. Past-year use of marijuana and hallucinogens by adults 35 to 50 years old continued a long-term upward trajectory to reach all-time highs…

NY’s legal weed sales aren’t raking in cash as predicted. How much has sold so far?

As New York cracked down on unlicensed cannabis shops, sales of legal marijuana grew to reach a total of $33 million during the industry’s first six months, state records show. But the legal cannabis marketplace, which launched in January, remains far…

Cannabis Receiverships Are Coming to California

By Griffen Thorne, Attorney at Harris Bricken California’s cannabis industry is a mess. Between the rampant illegal market, onerous taxation, unnecessarily complicated regulations, debt defaults, and a host of other factors, things have never been worse. Businesses big and small are imploding. Without federal bankruptcy protection,…