Cannabis stocks, as measured by the Global Cannabis Stock Index, exploded higher in late August on news that the Department of Health and Human Services had recommended to the DEA that it move cannabis from Schedule 1 to Schedule 3, and the move continued into September. October wiped out the... Read more
As we described in a previous article, the Global Cannabis Stock Index extended the bounce from November after the huge October loss, rallying 8.1% in December. That index was down 20.1% in 2023, which followed a record decline of 70.4% for 2022. In January, it rallied again, rising 12.2% to 9.10. In this article,... Read more
The U.S. Food and Drug Administration last week announced the voluntary recall of a medicine used to treat attention deficit hyperactivity disorder (ADHD) and narcolepsy after the manufacturer of the drug revealed that the wrong pills were found in packages of the medication. The recall covers one lot of... Read more
Liquor stores in Connecticut—not licensed cannabis retail stores—are selling THC-infused drinks such as seltzers legally, due to a legal loophole regarding dosages listed on the cans. Cannabis retail stores are selling cans listed as one serving, but the same cans of cannabis-infused seltzer, usually running in sizes from 7.5... Read more
The Department of Justice has rescinded a DEA decision to fire a special agent who was let go due to a positive reading for CBD on a drug test. DEA special agent Anthony L. Armour will be re-hired as a special agent and be reimbursed for back pay and... Read more
Arthur Shelby is a troubled soul. The Peaky Blinders character must live under his younger brother, Thomas Shelby’s shadow, and deal with often hard-to-watch, but somehow, relatable, acts of violence, towards both others and himself, self-medicated with drugs and Jesus. And based on recent headlines (in the real world),... Read more
Arkansas Attorney General Tim Griffin recently rejected a medical cannabis ballot measure because of its title. The Arkansas Medical Cannabis Amendment of 2024 was submitted on Jan. 12 by Stephen Lancaster of the law firm Wright Lindsey & Jennings LLP. Griffin responded to the submission, although the opinion was... Read more
An Alaska lawmaker has introduced a bill to create a task force to study the potential medical uses of psychedelic drugs including psilocybin and MDMA. The legislation, Senate Bill 166, was introduced earlier this month by Democratic state Senator Forrest Dunbar. If passed by the legislature and signed into... Read more
A new bill was introduced in Hawaii last week on Jan. 24, which aims to establish a regulatory framework for therapeutic psilocybin if passed. However, in its current form, the bill would help protect patients who choose that form of medicine, rather than fully legalize psilocybin. Senate Bill 3019... Read more
Police seized nearly five tons of methamphetamine in Fiji, equivalent to more than $2 billion in Fijian dollars (approximately $886.2 million USD). The first Jan. 14 raid resulted in seizure of more than three tons of meth at a warehouse on the western side of Fiji’s main island near... Read more
