The city council in Portland, Maine “voted 6-3 to pass a resolution deprioritizing prosecution for possession” of magic mushrooms and other psychedelic drugs, according to local news outlet News Center Maine, and NBC affiliate. The outlet noted that the resolution does not decriminalize such psychedelics, as has been reported... Read more
Picking Winners: Top US Cannabis Stocks to Watch in 2023
Lowell Farms Inc. Announces Repurchase of $22 Million of Senior Secured Convertible Debentures California cannabis leader repurchases all outstanding senior secured convertible indebtedness SALINAS, Calif., Oct. 06, 2023 (GLOBE NEWSWIRE) — Lowell Farms Inc. (the “Company”) (CSE: LOWL; OTCQX: LOWLF), a California-born vertically integrated cannabis company with advanced production... Read more
Legal marijuana in Illinois saw “unprecedented growth” in fiscal year 2023, says a new annual report from the state’s Department of Financial and Professional Regulation (IDFPR), with the opening of 28 new retailers and more than $1.5 billion in total retail sales. Total tax revenue from the industry dropped... Read more
Arkansas’s recently enacted law permitting medical cannabis patients to obtain concealed carry gun licenses “creates an unacceptable risk,” and could jeopardize the state’s federally approved alternative firearm licensing policy, the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) says. The Arkansas law took effect in August, clarifying that a person’s... Read more
Licensed cannabis retailers in Maryland sold more than $90.7 million worth of marijuana products in September, the bulk of which was driven by record-high monthly sales to adult-use consumers. Medical cannabis purchases, meanwhile, have dipped slightly following the opening of adult-use stores in July. Adult-use sales have set a... Read more
New York opened the application period for hundreds of new marijuana business licenses on Wednesday, marking the beginning of a massive expansion of the state’s legal cannabis system. So far only about two dozen retailers have opened statewide since adult-use sales began last December. Applications will be open until... Read more
A variety of hemp plant genetically modified to produce little-to-no THC has been approved by the United States Department of Agriculture as safe to grow and breed on U.S. soil.  The USDA’s Animal and Plant Health Inspection Service (APHIS) released a notice about the plants last week, created and... Read more
According to the Centers for Disease Control and Prevention (CDC), 240,000 women and 2,100 men are diagnosed with breast cancer every year. Of that number, an estimated 42,000 women and 500 men lose their lives to the disease. There are many factors that contribute to a person’s diagnosis, including... Read more
Last weekend, officials descended upon a warehouse in Oakland, California, allegedly full of illegal cannabis plants, according to the California Department of Fish and Wildlife (CDFW). Not only cannabis opponents, but also law-abiding operators are not fans of illegal cannabis operations that they must compete with. The department said... Read more
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