Mundelein’s lone cannabis dispensary will add a second lounge for recreational users. The village board unanimously approved the proposal Monday by amending the ordinance that allows on-site consumption at Rise, 1325 Armour Blvd. The new, 2,000-square-foot lounge will be on the north side of the dispensary, near its main entrance. It will complement an existing … [Read more...] about Mundelein pot store wants second recreational lounge
marijuana
Illicit marijuana, imported CBD targeted by new rules from state regulators
Michigan regulators are seeking to end the controversial conversion of CBD to THC, a method that’s plagued the state's legal marijuana market amid basement low prices and shrinking margins.The Cannabis Regulatory Agency issued new proposed rules for the state’s regulated market Monday as it prepares to close loopholes that allowed illicitly grown and often illegally imported … [Read more...] about Illicit marijuana, imported CBD targeted by new rules from state regulators
Getting into the weeds on marijuana excise taxes: trends and outliers in the largest markets
State and federal excise taxes are a critical element of the business environment for major "vice" industries in the United States, such as tobacco. While no federal excise tax applies to marijuana, state excise taxes ("SET") are a significant economic consideration for the recreational marijuana industry in a given state. Like most SET on tobacco products (e.g., non-cigarette … [Read more...] about Getting into the weeds on marijuana excise taxes: trends and outliers in the largest markets
Smart Approaches to Marijuana Responds to Claims It Colluded With DEA
Cannabis prohibitionist group Smart Approaches to Marijuana (SAM) responded to claims on Nov. 25 that it improperly communicated with the Drug Enforcement Administration (DEA) leading up to next week’s cannabis rescheduling hearing.The hearing, to determine the proper schedule for cannabis under the Controlled Substances Act (CSA), will commence with preliminary proceedings on … [Read more...] about Smart Approaches to Marijuana Responds to Claims It Colluded With DEA
Dems Ask Biden For Last-Minute Action On Marijuana
Democratic lawmakers on Monday urged U.S. President Joe Biden to ensure that his administration's "historic work... to undo the damage of federal marijuana policy" would not end with the steps already taken over the past three years, calling on the president to "deprioritize" marijuana prosecutions before his term ends in January. Led by Rep. Barbara Lee (D-Calif.) and Sen. … [Read more...] about Dems Ask Biden For Last-Minute Action On Marijuana
Trump’s DEA Pick Celebrated Marijuana Decriminalization Vote In Florida County
President-elect Donald Trump’s pick to lead the Drug Enforcement Administration (DEA) has voiced support for decriminalizing marijuana possession. Hillsborough County, Florida Sheriff Chad Chronister, who Trump says he plans to nominate for DEA administrator, applauded a 2020 move by the local board of county commissioners to treat possession of up to 20 grams of marijuana as … [Read more...] about Trump’s DEA Pick Celebrated Marijuana Decriminalization Vote In Florida County
Acreage Expects to be Acquired by Canopy USA in Mid-December
Acreage Holdings Inc., a vertically integrated, multistate operator of cannabis cultivation and retailing facilities in the U.S., announced that, further to its press releases of June 4 and June 5, 2024, Acreage anticipates that Canopy USA LLC will complete its acquisition of Acreage pursuant to the acquisitions (as defined below) in mid-December 2024. As further described … [Read more...] about Acreage Expects to be Acquired by Canopy USA in Mid-December
Colorado cannabis companies have a new strategy to attract more hesitant customers: weaker weed
At Terrapin Care Station, a Denver dispensary on Broadway, area manager Adam Shepler stood behind a counter displaying an array of more than 20 low-dose cannabis products: gummies, patches, drinks, topical lotions, tinctures, a vape and a powder. Most of them were recently released. Though Shepler has fielded customer interest in low-dose products for years, he’s now … [Read more...] about Colorado cannabis companies have a new strategy to attract more hesitant customers: weaker weed
Once the Face of the State’s Cannabis Loan Fund, He Now Fears Foreclosure
In June, Roland Conner sat down to compose a letter to the creditors who had financed the construction of his licensed cannabis dispensary in downtown Manhattan. A year and a half after opening, he was under immense strain as monthly loan payments, tax bills and obligations to his vendors mounted. “Despite our diligent efforts, we are encountering severe financial difficulties … [Read more...] about Once the Face of the State’s Cannabis Loan Fund, He Now Fears Foreclosure
Cannabis Stocks Extend Losses in November
Cannabis stocks, as measured by the Global Cannabis Stock Index, have been quite volatile this year. The index gained in September, prompting a Q3 gain, but it fell in October. November was very tough, with the 9.5% loss to 7.44 leaving the index down year-to-date: In 2023, the index ended down 16.5% to 8.11. In Q1, it rose 26.0%, declined 15.8% in Q2 and increased 2.2% during … [Read more...] about Cannabis Stocks Extend Losses in November
