Results Are In: Who Pays the Most in Cannabis Taxes?

Currently, there are 11 states that allow legal recreational use.

While this is a huge win, many cultivators and customers know that this victory comes with a price.


FDA Issues Guidance On Prescription Drug Marketing Act

In response to the COVID-19 emergency, the FDA is announcing a temporary policy regarding enforcement of the requirement for drug samples.


The 4 Likeliest States to Legalize Marijuana in November

Despite its numerous growing pains over the past year and change, marijuana remains one of the fastest expanding industries on the planet. After logging $10.9 billion in legal worldwide sales in 2018, Wall Street has global pot sales hitting anywhere from $50 billion to $200 billion by 2030.


UK’s First Virtual Cannabis Legalisation Rally to be Held on 4/20

As the UK’s Coronavirus lockdown continues, it has become increasingly difficult for people to come together – physically, at least. With all kinds of events cancelled, from football matches, music concerts, and exhibits, some organisers are attempting to embrace technology as a possible alternative. Cannabis legalisation advocates and 4/20 events are no exception.


CBD forecasts likely to be slashed on FDA warning: Analyst

CBD wholesalers should “have big concerns” about the U.S. Food and Drug Administration’s growing unease about the safety of the cannabis compound, according to one chief executive officer.

The FDA said Monday that it “cannot conclude that CBD is generally recognized as safe among qualified experts for its use in human or animal food.”

It added that “some of the available data raise serious concerns about potential harm from CBD,” including liver injury, drowsiness, diarrhea and changes in mood, and raised questions about its impact on children and pregnant or breastfeeding women.


Civil rights groups calling on Congress to evaluate DEA’s war on drugs effectiveness

Civil rights groups such as ACLU, NAACP and Drug Policy Alliance sent a letter to the House Committee on Appropriations last month to ask for a suspension of DEA’s war on drugs until the effectiveness of their actions has been reviewed.


How universities are adapting cannabis curriculums

This past spring, ZipRecruiter’s CEO, Ian Siegel, revealed that cannabis is the fastest growing job category in the United States. With 445 percent year-over-year growth in job listings, cannabis is far outpacing tech and healthcare career growth (245 and 70 percent, respectively). Data released by Mordor Intelligence suggested that the country’s market value could reach $65 billion by 2023. Potential supporting evidence comes from cannabis staffing agency Vangst which reported a 690 percent jump in job listings since 2017.


The giant cannabis problem no one saw coming

States like Oregon and Washington have too much cannabis and not enough demand.

When states started legalizing cannabis, lawmakers worried about setting fees and rules for licensing and legislating where cannabis dispensaries could set up shop. The last thing they thought they needed to worry about was an oversupply of cannabis.

But that’s exactly what’s happening in Oregon and Washington. The two Pacific Northwest states hope to correct their cannabis markets by tweaking local laws, but it appears that the only panacea for their woes could be the full legalization of cannabis at the federal level.


Marijuana unlikely star of Israel’s elections as cannabis industry booms

In a campaigning field inundated with some of the Middle East’s heaviest issues, from the threat of a new war with Gaza and the occupation of the Golan Heights, marijuana has emerged as a hot topic in Israel. 

Legalised for medical use over 20 years ago, the drug was licensed for export earlier this year, and ahead of a general election next week, the question of recreational legalisation is now being used as a campaigning tool. 


U.S. House committee will likely pass pot banking measure: Cowen

A House committee will probably pass a bill to get cannabis industry cash off the streets and into bank accounts, although a final vote may not happen until Wednesday, Cowen says.

Called the “SAFE Act,” short for the “Secure and Fair Enforcement Banking Act,” the measure would allow banks to service cannabis companies that comply with state laws. The House Financial Services Committee is due to start debating several bills at 2 p.m., including the pot banking bill, which Cowen regards as “positive for banks and cannabis companies,” analyst Jaret Seiberg wrote in a note.


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