Timeline for marijuana legalization bill slips in Senate
Democratic senators leading a push to legalize marijuana say they are now on track to introduce legislation before recess in August, after initially announcing plans to file a comprehensive reform bill later this month. Senate Majority Leader Charles Scumer (D-N.Y.) — who is heading the effort along with Sens.... Read more
Youngkin proposes new crimes for pot possession, changes to CBD retail
Gov. Glenn Youngkin (R) has proposed increasing the penalty for personal possession of more than two ounces of marijuana in Virginia, less than a year after it became the first state in the South to legalize recreational use. Youngkin’s amendment would also limit what hemp products can be sold... Read more
The Colorado House of Representatives recently approved a bill that would align state statute to legalize MDMA prescriptions if and when the federal government ultimately permits such use, sending it to the Senate. The bipartisan and bicameral legislation—sponsored by Reps. Patrick Neville (R) and David Ortiz (D), along with... Read more
The Drug Enforcement Administration (DEA) said in a new report that as more marijuana is being produced domestically in the U.S., it’s undermining illicit cannabis trafficking from Mexico. As part of its Fiscal Year 2023 performance budget summary submitted to Congress, the agency talked about shifting trends in marijuana... Read more
A Hawaii House committee on Thursday approved a Senate-passed resolution to request that the state form of a psilocybin working group that would explore the therapeutic potential of the psychedelic. The Senate concurrent resolution from Sen. Chris Lee (D) cleared the House Health, Human Services and Homelessness Committee in... Read more
MariMed Inc. (MRMD) Receives Maryland State Approval for Transfer of Ownership of Kind Therapeutics USA
Sundial Growers Inc. (SNDL) to Participate in the Benzinga Cannabis Capital Conference

Sundial Growers to Participate in the Benzinga Cannabis Capital Conference Sundial Growers…

The post Sundial Growers Inc. (SNDL) to Participate in the Benzinga Cannabis Capital Conference appeared first on Marijuana Stocks | Cannabis Investments and News. Roots of a Budding Industry.™.

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NY issues first licenses for 52 marijuana farmers
The state Cannabis Control Board issued the first licenses to 52 local farmers to grow marijuana for adult recreational use— a major step in launching the seed to sale industry in the Empire State. The cannabis grown by farmers or “cultivators” awarded licenses Thursday will feed the first products sold at... Read more
Legal Marijuana Sales Will Start Next Thursday in New Jersey
All adults will be able to purchase cannabis at certain medical-marijuana dispensaries starting April 21. The first sales of recreational, adult-use cannabis in New Jersey will start next Thursday, marking the culmination of a yearslong effort to legalize marijuana and to curtail the racially unbalanced penalties for possessing the... Read more
April 20, typically known as “420” amongst cannabis consumers, is quickly approaching, and with the holiday comes an opportunity for cannabis businesses to score big with sales.   For example, according to a Statista December 2021 report, adult-use cannabis sales the week of 4/20 nearly doubled from roughly $87.9 million... Read more
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