Production
Pharma
Dispensaries
Investors
Sales and Operations
Consumer
Events and Networking
Politics and Law
Production
Pharma
Dispensaries
Investors
Sales and Operations
Consumer
Events and Networking
Politics and Law
Featured Articles
Oregon cannabis entrepreneur countersues Curaleaf executive for $625M
MJ Biz Nitin Khanna, a marijuana entrepreneur in Oregon, filed a nearly $625 million countersuit against an investor group that includes Curaleaf Holdings Executive Chair Boris Jordan over a failed CBD company. Jordan and other investors sued Khanna and others in...
Marijuana gifting parties are now illegal in Connecticut
Cannabis gifting parties are no longer allowed in Connecticut. Gov. Ned Lamont this week signed legislation that seeks to crack down on the unregulated cannabis bazaars that cropped up across Connecticut after the drug became fully legal here. At the events, attended...
Analyst Says New Jersey Rec Marijuana Market Holds High Potential Despite Slow Start, Here’s Why
New Jerseyans spent $24 million on weed during the first month of recreational sales, roughly $5 million a week after a record-breaking first day when $2 million worth of cannabis was purchased. Cantor Fitzgerald’s analyst Pablo Zuanic said in his recent note that New...
70 new medical marijuana dispensaries get licensed for Ohio shops
An array of new medical marijuana dispensaries could open their doors in Ohio — including nine in Columbus. The Ohio Board of Pharmacy issued 70 provisional licenses to hopeful medical marijuana dispensaries on May 16 in order to accommodate a growing number of...
Shifting Conservative Attitudes Toward Cannabis Reflected In New Efforts By The Congressional Cannabis Caucus
Research from Gallup released last year shows that record numbers of Americans support some form of cannabis legalization, as more states pass laws legalizing medical and recreational adult uses of cannabis. This has resulted in both parties represented in...
California Marijuana Retailers ‘100 Percent’ Compliant In Checking IDs To Prevent Youth Access, Study Finds
California marijuana retailers do a very good job of preventing underage people from entering their shops and purchasing cannabis, a new study found. Researchers wanted to put the cannabis industry’s compliance with ID requirements to the test, so they sent people who...
Featured Articles
North Dakota group gathers signatures in attempt to get recreational marijuana on 2022 ballot
The legalization of recreational marijuana may end up on the November ballot after the petition format was approved late last month. Now, the sponsoring group is gathering signatures. For years, North Dakotans have considered the issue of legalizing recreational marijuana. Residents have opinions across the board. “I think, you know with regulation, people should be able to choose what they want to do. And if they are practicing whatever they want to do safely, that’s fine by me,” said Bismarck resident Romeo Norris. “I don’t have no opinion on it,” said Bismarck resident Mike Roll. Others said off-camera that they’re against it. Now, sponsoring committee New Approach North Dakota is working to put marijuana on the November 2022 ballot by collecting 15,582 voter signatures by July 11. “It’s going good. We have internal metrics and quotas we manage, and we are at or above all of our metrics,” said New Approach North Dakota campaign manager David Owen.
Cannabis Business Executive – Cannabis and Marijuana industry news, 05/23/2022 10:51:00
Lawmaker’s sick day causes recreational marijuana bill to fail by 1 vote in Delaware House
The pursuit to create a recreational marijuana industry in Delaware hit a bump on Thursday, as a bill seeking to regulate the growing and selling of weed failed in the House by one vote. Rep. Larry Mitchell, House majority whip, was ill and could not vote, said House spokesman Drew Volturo. Mitchell is a co-sponsor of HB 372, the bill that failed, and has voted for marijuana legalization and regulation bills in the past. Just after the House vote failed, the bill’s sponsor, Rep. Ed Osienski, changed his vote to “no,” which allows for the opportunity of another roll call vote. “Coming into today, I thought it was going to be a good day,” Osienski said. “This whole thing has been up and down, up and down. This was a down.” Osienski said he believes another attempt for a vote will be made in early June, when the General Assembly returns from its two-week recess. Rep. Bill Bush was the only Democrat to vote against the legislation. This time, the bill gained the support of Rep. Stephanie T. Bolden and House Speaker Pete Schwartzkopf.
Cannabis Business Executive – Cannabis and Marijuana industry news, 05/22/2022 12:34:00
Marijuana slowly becoming New England’s newest cash crop
With adult-use marijuana sales eclipsing $3 billion in Massachusetts, other New England states are now entering the recreational marijuana industry. Voters in Massachusetts legalized marijuana in 2016 and sales began in 2018, the state’s Cannabis Control Commission said. Neighboring states witnessing Massachusetts raking in record profits are now embracing marijuana legalization. Sales revenue in the state, according to the Marijuana Policy Project, hit $3,001,846,40, on May 14. It took just eight months after hitting $2 billion to reach the mark. The state levies a 10.75% state excise tax on top of the state’s 6.25% sales tax. Cities and towns can implement a 3% tax. Up until the past year or so, Massachusetts has been an oasis for consumers. Vermont became the 11th state to regulate adult-use marijuana, according to the Marijuana Policy Project, and the state’s Cannabis Control Board in June 2021 said it would create an “equitable marketplace.” The state legalized the possession, and cultivation, of marijuana for adults age 21 and over in 2018. Gov. Phil Scott allowed Senate Bill 54, which contained regulation and taxation, to become law without his signature.
Cannabis Business Executive – Cannabis and Marijuana industry news, 05/23/2022 10:47:00
VA Rejects Veteran’s Hemp Business Certification, Saying It Could Create ‘Appearance’ Of Endorsing Marijuana
The U.S. Department of Veterans Affairs (VA) has rejected a veteran’s application for recognition of his hemp products company, writing in a denial letter this week that the business’s involvement in “products derived from the same genus of plant (cannabis) as marijuana” would amount to “a federal agency endorsing a Schedule I controlled substance.” The rejection appears to be yet another example of confusion around the federal status of hemp, which is legal under U.S. law and defined as cannabis or its derivatives containing less than 0.3 percent THC. Cannabis products with higher concentrations of THC remain illegal under the Controlled Substances Act. The business in question is Florida–based Holistic Serendipity LLC, which does business as Native Ceuticals Tampa. It operates under a licensing agreement with Native Ceuticals, headquartered in North Carolina. The Florida affiliate company, owned by Marine veteran Zack Zindler, is seeking certification as a service-disabled veteran-owned small business (SDVOSB), a designation that enables a company to compete for certain federal contracts. While many federal agencies allow businesses to self-certify as SDVOSBs, VA requires verification through its Center for Verification and Evaluation (CVE).
Ben Adlin, Marijuana Moment, 05/20/2022 08:21:00
FDA Head Admits Agency Has Been Slow To Regulate CBD, But Suggests Congress Needs To Do More
Speaking to a congressional panel on Thursday, the head of the Food and Drug Administration (FDA) acknowledged that his agency has taken little regulatory action on CBD products in recent years despite the federal legalization of hemp and its derivatives. “It looks pretty much the same in terms of where we are now,” FDA Commissioner Dr. Robert M. Califf told a House Appropriations subcommittee during a hearing that touched on CBD regulation, the nationwide shortage of baby formula, and the therapeutic use of the plant kratom. “We just know more because we’ve done more research.” The bulk of FDA funds spent on cannabidiol so far “has been spent on research to figure out what the risks, if any, are of various uses of this material in its different forms,” Califf said, adding that “the amazing plethora derivatives of the cannabis plant [are] surely quite profound and astounding and already in widespread use for a variety of means.” But while Califf insisted he wants FDA to continue moving forward on rules for CBD products, he said the agency likely needs broader regulatory powers from Congress to get it done.
Ben Adlin, Marijuana Moment, 05/19/2022 15:47:00
Delaware House Rejects Marijuana Sales Legalization Bill As Separate Possession Measure Awaits Governor’s Action
The Delaware House of Representatives on Thursday rejected a bill to legalize and regulate marijuana sales, even though it got a majority of votes in support. The move comes one week after lawmakers sent the governor separate legislation to simply legalize cannabis possession. The broader measure providing for a commercial marijuana market got 23 votes in support and 15 against but fell short of the three-fifths supermajority needed for passage. Rep. Ed Osienski (D) is sponsoring both the simple legalization bill, HB 371, and the complementary measure to establish sales regulations, HB 372. He made the calculated decision to break them up after his earlier proposal that included both components was rejected in the House because it also failed to get a required three-fifths majority. Because HB 371 on its own does not deal with raising revenue, it only needed a simple majority to pass. Osinski’s thinking has been that first moving non-commercial legalization through the legislature would put pressure on colleagues to approve the regulations bill with the higher vote threshold, rather than leave the market open—but that plan fell just short of success on Thursday.
Tom Angell, Marijuana Moment, 05/19/2022 18:45:00
Join Our Mailing List
Older Posts
South Dakota Voters Will Decide On Marijuana Legalization Ballot Measure In November
South Dakota officials on Wednesday certified that activists turned in a sufficient number of signatures earlier this month to qualify a marijuana legalization measure for the November ballot. South Dakotans for Better Marijuana Laws (SDBML) needed 16,961 valid...
Texas Activists Say They’ve Collected Enough Signatures To Put Marijuana Decriminalization On Another Local Ballot
Texas activists announced on Wednesday that they have collected enough signatures to qualify a marijuana decriminalization initiative for the local November ballot in Killeen. This marks the latest success for Ground Game Texas, a progressive advocacy group that...
Congressman Wants Changes in Marijuana Testing of Truck Drivers
Science currently cannot determine whether drivers are too impaired by cannabis to get behind the wheel. That’s because THC, the chemical ingredient in cannabis that causes the high, remains detectable in urine for as long as a month. Despite this, the federal...
DEA-Approved Cannabis Cultivator Debuts on NASDAQ
Bright Green Corp., a Florida-based cannabis company, made history last week by being the first “plant-touching” company to list its shares on a major securities exchange within the United States. The company, which boasts of being in possession of conditional...
Despite regulatory hurdles, these 4 US cannabis investors are planting seeds for tomorrow
Bearish markets and high interest rates often cause private investors to turn away from anything resembling a risky investment. Yet, now is a very apt time to take another look at the cannabis opportunity in the U.S. Quite a lot has changed since our previous U.S....
The Rapid Expansion of Michigan’s Cultivation Industry
Saturation, staying ahead and the wild card still out there As of January, only about 160 of Michigan’s 1,773 cities have formally approved the cultivation and sale of recreational marijuana, according to data from the state’s Marijuana Regulatory Agency . As a...
All Categories
Production
Pharma
Events and Networking
Dispensaries
Politics and Law
Sales and Operations
Investors
View all categories
The Indica Perspective
Always the latest news you need.
Indica News brings you all the latest information from the cannabis world. Sign up today for the latest news.
Indica News
(833) 769-9333
info@indica.news
Monday - Friday: 8:00 AM - 5:00 PM
Quicklinks
Follow Us
Indica News
(833) 450-9333
info@indica.news
Monday - Friday: 8:00 AM - 5:00 PM
Follow Us
Quicklinks
Indica News
(833) 450-9333
info@indica.news
Monday - Friday: 8:00 AM - 5:00 PM