A new report sent to Congress by the White House’s drug office spotlights concerns of law enforcement agencies around that country that claim marijuana legalization has not diminished the market for unlicensed cannabis products from illicit sellers. The White House Office of National Drug Control Policy’s (ONDCP) budget submission... Read more
New federally funded research into the impacts of marijuana legalization on youth use found no association between legal adult-use cannabis sales and the prevalence of consumption among middle-school students. To test whether legal sales led to an uptick in youth use, authors compared middle-school use rates in Nevada and... Read more
While recreational cannabis may still be illegal in the North African country of Morocco, the nation is kicking off a new era of legal cannabis cultivation and export. As the third month of 2024 comes to a close, the country has shared data about its first legal harvest season... Read more
Last year in October, a group of cannabis companies filed a federal lawsuit claiming that a federal ban on cannabis is unconstitutional, but the suit was dismissed in January. On Friday, March 15, a new federal lawsuit was filed in court as Canna Provisions, Inc. et al v. Garland.... Read more
New York Governor Kathy Hochul announced on Monday that her administration will conduct an assessment of the state’s rollout of legal recreational marijuana, saying that the review is needed to ensure the success of the regulated cannabis market. New York lawmakers passed legislation legalizing recreational pot nearly three years... Read more
The Cannabist Company Announces Closing of US$25.75 Million Private Placement Offering of 9% Senior Secured Convertible Debentures Due 2027US$6.25 Million of total will be issued in exchange for existing 6% Senior Secured Convertible Notes Due 2025 NEW YORK–(BUSINESS WIRE), March 19, 2024–The Cannabist Company Holdings Inc. (Cboe CA: CBST)... Read more
The Maryland Senate has unanimously approved a bill to create a psychedelics task force to study and make recommendations on a possible regulatory framework for substances such as psilocybin and DMT. It would be charged specifically with ensuring “broad, equitable and affordable access to psychedelic substances” in the state.... Read more