BALTIMORE -- The U.S. Justice Department is moving to reclassify marijuana as a less dangerous drug. The historical drug policy change could end up saving cannabis businesses big bucks. Marijuana is currently classified as a "Schedule 1" drug alongside heroin and LSD, by being deemed as having a high potential for abuse. But the U.S. Drug Enforcement Administration is asking … [Read more...] about Marijuana reclassification would give Maryland’s cannabis industry a major tax cut
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The feds may reclassify marijuana. That could be a big deal for RI businesses.
For the 10 years the Thomas C. Slater Compassion Center has operated, it, like other marijuana dispensaries, has confronted a significant economic challenge: the federal government considers cannabis on par with society’s most dangerous drugs. Being classified as a “Schedule 1” substance – in the same category as heroin and LSD – has meant dispensaries are prohibited from … [Read more...] about The feds may reclassify marijuana. That could be a big deal for RI businesses.
What’s Next With Rescheduling Marijuana
The federal government has decided to move toward marijuana rescheduling. So what’s next and how long until it done? The Drug Enforcement Agency (DEA) has agreed with Health and Human Service’s (HHS) recommendation for cannabis to be rescheduled to Schedule III, with Schedule III drugs defined as having a moderate to low potential for physical and psychological dependence … [Read more...] about What’s Next With Rescheduling Marijuana
States Have Generated Over $20 Billion In Marijuana Tax Revenue Since First Markets Opened, New Report Finds
States have now generated more than $20 billion in adult-use marijuana tax revenue since the first markets opened a decade ago, according to a new report from a top cannabis reform advocacy group. The Marijuana Policy Project (MPP) also said that in 2023 alone, states collected over $4 billion in recreational cannabis tax revenue—the most ever generated in a single … [Read more...] about States Have Generated Over $20 Billion In Marijuana Tax Revenue Since First Markets Opened, New Report Finds
Key Things To Know About Hemp And Marijuana Drinks
Hemp and marijuana beverages represent about $4 billion in sales and are only going to get bigger. Tasty, intoxicating, and available in most states, here are some key things to know about hemp and marijuana drinks. You might enjoy either or both, but where, how and what happens varies between the two. Hemp or CBD drinks are created by infusing hemp extract, derived from the … [Read more...] about Key Things To Know About Hemp And Marijuana Drinks
What To Call The Illegal Marijuana Market
Since the beginning of legalization, there are has been a discussion about how to frame the illegal marijuana market. The phrase black market took off during the Great Depression where products were hard to come by and an illegal market trading outside the system took off. It grew during WWII during rationing so those with extra cash could have extra of staples and luxuries. … [Read more...] about What To Call The Illegal Marijuana Market
Florida Republican Formally Opposes Marijuana Legalization Initiative
The Florida Republican Party has formally declared its opposition to a constitutional amendment ballot measure to legalize recreational marijuana in the state, saying the initiative would “benefit powerful marijuana special interests, while putting children at risk and endangering Florida’s family-friendly business and tourism climates.” Florida voters will decide on the ballot … [Read more...] about Florida Republican Formally Opposes Marijuana Legalization Initiative
Rescheduling Marijuana and its Impact on Healthcare and the Economy
The United States is on the verge of one of the biggest, if not the biggest, transformations to marijuana policy in the last 50 years. According to an Associated Press report, the Drug Enforcement Administration (DEA) is expected to reschedule marijuana from a Schedule I drug to a Schedule III drug under the Controlled Substances Act (CSA). This decision comes after the United … [Read more...] about Rescheduling Marijuana and its Impact on Healthcare and the Economy
Commentary: Lawmakers must tweak cannabis marketing and advertising rules
Green neon cannabis leaves and an "open" sign are seen in the window of an unlicensed smoke shop selling marijuana in New York City. Walk down the street in Manhattan and you’ll be bombarded by illicit cannabis shops with neon signs. You’ll see sidewalk signs and even product displays through their large glass windows. They look fun and inviting, and they bring a certain … [Read more...] about Commentary: Lawmakers must tweak cannabis marketing and advertising rules
Cannabis rescheduling may boost market, but banking uncertainties loom
A customer smokes marijuana in a cannabis lounge in 2019. The Drug Enforcement Agency's early steps toward rescheduling cannabis as a Schedule III narcotic could make cannabis businesses more profitable in the short term, but banks will likely remain skeptical of taking on new cannabis clients until Congress passes a law making those relationships federally compliant, experts … [Read more...] about Cannabis rescheduling may boost market, but banking uncertainties loom