Voters in Humboldt County last week soundly rejected a ballot measure that would have tightened regulations on the area’s famed cannabis industry. Known as Measure A, the initiative was defeated at the polls on March 5, with more than 73% of the voters casting their ballot against the proposal.... Read more
According to multiple reports late last week, MedMen has shuttered all but two of its stores in California. “Only MedMen stores in San Diego and near Los Angeles International Airport remain open,” MJBizDaily reported on Friday.  Green Market Report, citing a former staffer at the company, reported that “... Read more
Lawmakers in Hawaii’s House of Representatives are set to take up a Senate-passed bill to legalize and regulate adult-use marijuana this week. The chair of one committee slated to consider the measure is optimistic about its chances of being enacted into law, but others—including the House speaker—say the legislature... Read more
Just days after promoting marijuana reform actions during his State of the Union address, President Joe Biden has released a budget plan that proposes to maintain a controversial provision prohibiting Washington, D.C. from using its local tax dollars to legalize cannabis sales. The Fiscal Year 2025 budget request, sent... Read more
Amsterdam, a city long associated with relaxed weed rules, has been left out of a pilot experiment with legal cannabis sales now underway in the Netherlands. In a vote last week in the Netherlands’ lower house of Parliament known as the Tweede Kamer, lawmakers excluded Amsterdam from a list... Read more
The Virginia Department of Forensic Science (VDFS) recently released a report regarding its federal funded study to research reliable testing methods for detecting THC in blood. DFS was originally granted $290,353 in 2020 by the Department of Justice’s National Institute of Justice. “The goal of this research project is... Read more
Encouraging outcomes from a clinical study on the LSD-analog substance MM120, or lysergide d-tartrate, have led the Food and Drug Administration (FDA) to designate it as a “breakthrough therapy” for treating generalized anxiety disorder (GAD). The designation of “breakthrough therapy” is awarded to expedite the development and review of... Read more
President Joe Biden issued his State of the Union address on Thursday, March 7, and among many topics, he said he’ll direct his Cabinet to consider reclassifying cannabis at the federal level. It’s the first time that a president of the United States addressed cannabis reform as part of... Read more
Using cannabis for pain relief is nothing new. Across the U.S., most states include chronic pain as a qualifying condition for medical cannabis. Looking broader, individuals around the globe are already embracing cannabis for these pain-relieving qualities alongside the additional benefits it may offer. While we’re still learning exactly... Read more
From Seed to Profit: The Top Cannabis Penny Stocks to Watch
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