The House of Representatives last week passed the SAFE Banking Act as part of a separate bill, marking the sixth time the lower house of Congress has passed the legislation to grant cannabis businesses access to banking and other financial services. Members of the House adopted provisions of the... Read more
It has been nearly a year since New York legalized recreational pot, but the state made it clear on Tuesday that unlicensed weed sales are still a no go. New York’s Office of Cannabis Management said it sent letters to businesses it suspects of illegally selling cannabis, often done... Read more
Hemp production was legalized at the federal level under the 2018 Farm Bill—but endless red tape and regulatory demands make it next to impossible to thrive in the industry. Growers and processors say the THC thresholds in particular make the industry unbearable. But fortunately, a potential legislative fix to... Read more
A hemp farm in the United Kingdom is being honored as a sanctuary for refugees for its program to help immigrants seeking a better life. Hempen, a co-operative community focused on the benefits of hemp, was recognized as a Garden of Sanctuary by City of Sanctuary, a group working... Read more
Calling it “another step in the wrong direction,” Wisconsin Governor Tony Evers last week vetoed legislation that would have created new, stiff penalties for certain cannabis convictions.  The first-term Democrat vetoed a Republican-supported bill on Friday that would have established harsher and separate penalties for manufacturing and distributing cannabis... Read more
Cali Vibes, quickly becoming known as one of the largest reggae-focused events in America, allowed cannabis consumption on-site over the past weekend—one of the latest large events to do so, with an estimated 75,000 in attendance. Presented by Goldenvoice, AEG and sponsor Weedmaps, Cali Vibes features the top names... Read more
Scientists continue to grapple with the question: Does cannabis actually make people lazy in the long run? ”Cannabis amotivational syndrome” is a hypothesis bubbling around for years that suggests regular cannabis use can lead to apathy, or more specifically, less engagement in goal-directed behavior.  Runner and author Josiah Hesse... Read more
Schwazze Closes New Mexico Acquisition Achieves Regional Operator Status with Acquisition of: Reynold Greenleaf & Associates, R. Greenleaf Organics, Medzen Services, Elemental Kitchen & Laboratories DENVER, Feb. 8, 2022 /PRNewswire/ – Schwazze, (OTCQX: SHWZ) (“Schwazze” or the “Company”), one of the largest vertically integrated cannabis operators in Colorado, is pleased to announced that it has closed the transaction to acquire substantially all the... Read more
Canopy Growth Reports Third Quarter Fiscal 2022 Financial Results Encouraging Q3 FY2022 performance drove sequential revenue growth and record quarterly revenue for BioSteel and Storz & Bickel businesses SMITHS FALLS, ON, Feb. 9, 2022 /PRNewswire/ – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) today... Read more
Cannabis enthusiasts will be hard pressed to forget (if not sing along with) hits like “Santeria,” “40oz. To Freedom” and of course, the feel-good favorite “What I Got” from reggae-punk band Sublime. As the modern U.S. cannabis market continues to shift and grow, associates of the band’s estate are... Read more
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