During a California court appearance Monday, when questioned about a 420 tweet, Elon Musk suddenly forgot the significance of the number in pot culture. The tech billionaire responded after being cornered by a prosecutor representing Tesla employees for a class action lawsuit alleging he tweeted and misled shareholders about... Read more
Legislation proposed in Arizona would provide millions of dollars in grant funding to expand research into psilocybin––the primary psychoactive component in magic mushrooms––as a potential treatment for certain mental health conditions. The bill, introduced by a Republican lawmaker and backed by Democrats, “would put $30 million in grants over... Read more
Democratic lawmakers in Delaware last week performed what has become an annual legislative ritual by introducing measures that would legalize recreational marijuana. And, as per recent tradition, their biggest obstacle remains the most senior member of their own state party. The Delaware News Journal reports that members of the... Read more
MariMed Closes $35 Million Credit Facility to Accelerate its Strategic Growth Plans NORWOOD, Mass., Jan. 24, 2023 (GLOBE NEWSWIRE) — MariMed, Inc. (“MariMed” or the “Company”) (CSE: MRMD) (OTCQX: MRMD), a leading multi-state cannabis operator, announced that today it closed a $35 million secured credit facility with Chicago Atlantic... Read more
People are gettin’ high all over the world, including the small South American country of Guyana. Customs officials in Guyana last week intercepted and seized a box of cannabis that had been shipped from the United States. The Customs Anti Narcotic Unit (CANU), the top drug enforcement agency in... Read more
The long-delayed medical cannabis program may finally be coming together in Georgia, with state regulators reportedly expected to vote on rules over the production and sale of the product. Capitol Beat News Service reports that the “Georgia Access to Medical Cannabis Commission is expected to vote Wednesday on rules... Read more
Missouri Rep. Tony Lovasco introduced House Bill 869 on Jan. 18 that would allow psilocybin therapy, which is a revised version of a bill that he introduced in 2022. Under the current bill text, it would allow patients to use psilocybin to treat conditions such as depression or post-traumatic... Read more
Two bills were filed in Massachusetts to decriminalize psilocybin mushrooms, ayahuasca, mescaline, and ibogaine. The bills would end the prosecution of psychedelic substances in the Bay State. The Boston Herald reports that companion bills were filed in the Massachusetts House and Senate. The House bill, “An Act relative to... Read more
Lawmakers in South Dakota on Thursday took a step toward making significant changes to the state’s medical cannabis program. The Republican-controlled state Senate approved a bill that would broaden the list of qualifying conditions for a medical marijuana prescription, while also transferring the power to set those conditions from... Read more
The Washington State Liquor and Cannabis Board (LCB) has officially announced that it will open up social equity applications on March 1. The window for applications will only last 30 days, ending by 5 p.m. on the deadline. Only 44 licenses that were previously “forfeited, canceled, revoked, or never... Read more
