Marijuana Business News

President Biden Withdraws from 2024 Presidential Race Amid Party Pressure, Eyes Cannabis Rescheduling Before Exit. President Joe Biden announced his decision to drop out of the presidential race in a letter posted on his official X account Sunday after growing pressure from colleagues in the

US Cannabis Industry Faces Slowdown as Mid-2024 Sales Lag Behind Projections. Halfway through 2024, the cannabis industry in the United States appears to be softening, a trend in line with reports of slower-than-expected medical marijuana sales in Ohio in 2023 — and just ahead of the state's

At the end of a long week, everyone has something they enjoy on a Friday night. Maybe a glass of wine or a platter of nachos with a spiked seltzer or a cold beer. This experience is one that most people don’t think about when we discuss legal, adult-use cannabis — but we should. On the Aug. 6

Senator Gary Peters Introduces DOOBIE Act to Modernize Federal Hiring Practices. Sen. Gary Peters’ DOOBIE Act aims to modernize federal hiring practices in response to developing laws and societal norms. Democrat’s legislation aims to align federal hiring practices with this guidance, broadening the

Oklahoma Medical Marijuana Authority Cuts Staff by 10% to Improve Efficiency. Some cannabis industry partners and leadership in Oklahoma are hopeful a 10% cut to the Oklahoma Medical Marijuana Authority’s (OMMA) staff will make the state agency more efficient. A spokesperson for the agency confirmed

Minnesota's On-Site THC Consumption Experiment Faces Insurance Challenges. Minnesota's pioneering approach to on-site THC consumption means insurers don't have a baseline to write policies around and thus are hesitant to offer coverage. The success of Minnesota's experiment allowing THC consumption

New Research Shows Only 27,3% of US Cannabis Businesses Are Profitable. As the cannabis industry braces for possible changes, new research reveals a stark reality: only 27.3% of U.S. cannabis businesses are turning a profit. Beau Whitney, founder and chief economist at Whitney Economics and upcoming

DenCob Farms Opens as California’s First Retail Cannabis Farm, Cultivating Organic Cannabis for Local Consumers. The first retail cannabis farm in the state of California has opened in Smartsville which means that the products sold on site are cultivated specifically for the consumer, and are not

Study Finds Immediate Anxiety and Depression Relief from Cannabis Use. Consumers report reductions in their feelings of anxiety and depression immediately following their marijuana use, according to data published in the journal Cannabis. Investigators affiliated with Florida Gulf Coast University

Governor Beshear Advocates for Rescheduling Medical Marijuana to Schedule III. Governor Beshear supports the rescheduling of medical marijuana to Schedule III. For communities, rescheduling means legal medical cannabis programs continue to provide a secure alternative to illicit and unregulated

DEA's Move to Reclassify Cannabis Could Significantly Lower Tax Burdens for Plant-Touching Operators. As the United States’ Drug Enforcement Agency (DEA) moves to reclassify cannabis as a less-dangerous substance, the most major and immediate financial impact plant-touching operators are considering

Merced Man Sentenced to 10 Years for Illegal Marijuana Cultivation in Shasta-Trinity National Forest. A Merced man was recently sentenced to 10 years in prison and ordered to pay $17,930.30 in restitution to the United States for conspiracy to cultivate marijuana, marijuana cultivation, and