Massachusetts Governor Charlie Baker signed legislation on Thursday to amend the state’s marijuana laws, approving the addition of social equity provisions and other changes to cannabis regulations in the Bay State. Baker approved all but one of the provisions of the bill, which is the first overhaul of the... Read more
NBA Hall of Famer Chris Webber announced the launch of his cannabis brand Players Only with his business partner, Lavetta Willis—and he’s bringing several familiar faces along for the ride including Quavo, Raekwon, Royce da 5’9″, Matt Barnes, and Jason Williams. The new all-star brand was first announced on... Read more
Vetoes study on medical marijuana in schools Governor Charlie Baker on Thursday signed into law a package of significant reforms to the state’s multibillion-dollar marijuana industry, capping a yearslong campaign by advocates, entrepreneurs, and regulators to rewrite the rules of cannabis commerce in Massachusetts. While officials said key aspects... Read more
Conditional certification stipulated The Arkansas Supreme Court on Wednesday granted a petition to allow a proposed constitutional amendment that would legalize recreational marijuana back on the November ballot until it decides how to proceed with the Arkansas Board of Election Commissioners’ decision to not approve its ballot title. The... Read more
Thirty-one of Rhode Island’s 39 cities and towns will ask voters whether to allow the sale of recreational marijuana within their borders, the secretary of state’s office said Thursday. In May, Rhode Island became the 19th state to legalize adult-use recreational marijuana, with sales starting Dec. 1. The state plans... Read more
A new study, entitled “Everything old is new again: Creating and maintaining a population-level ‘shared reality’ of health risks associated with cigarette use toward both reducing the prevalence and eliminating disparities in cigarette use among all Americans,” was released in the journal Nicotine & Tobacco Research. Research was led by Dr.... Read more
City leaders in San Francisco will consider a proposed ordinance to decriminalize the use of natural psychedelics including psilocybin and ayahuasca when the Board of Supervisors returns from recess next month. The measure, which was introduced by San Francisco Supervisors Dean Preston and Hillary Ronen on July 26, would... Read more
Ever since cannabis became recreationally legal in Colorado, the industry has been on an upturn. Now, for the first time ever, the Colorado industry is trending down. This became most obvious when looking at tax revenue, but there are other signs as well. Dispensaries are closing down, and delivery services... Read more
Marijuana sales in Colorado continued to decline in June and totaled just $146 million, according to the Colorado Department of Revenue. The total represents a less than 1 percent decline from May and a nearly 22 percent decline from June 2021. So far in 2022, more than $906 million of marijuana has... Read more
Schwazze Announces Second Quarter Results Record Quarterly Revenue and Adjusted EBITDA Revenue Increases 44% to $44.3 Million Compared to $30.7 Million in Q2 2021 Adjusted EBITDA of $15 Million, 33.9% of Revenue Revised Guidance Driven by Short-Term, Challenging Colorado Market ConditionsQ4 2022 Projected Revenue Annualized Run Rate: $175 Million... Read more
