Gov. Gavin Newsom has been presented with a bill to allow Amsterdam-style cannabis cafes across California, a bid to help invigorate an industry that has suffered from intense market saturation and a post-pandemic drop in customers. But while San Francisco cannabis dispensaries would regard this change as positive, many proprietors said it would do little to address their … [Read more...] about SF cannabis struggles amid saturation, loss of foot traffic
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New York’s cannabis industry says state’s legal rollout has left them high and dry
There were more complaints this week about New York’s botched legal cannabis rollout, with dozens of farmers and retail store license holders telling the state’s Cannabis Control Board that bureaucratic delays and court injunctions have pushed them to the brink of bankruptcy. The state’s authorization program for retail stores to sell cannabis for adult recreational use is far … [Read more...] about New York’s cannabis industry says state’s legal rollout has left them high and dry
New York Cannabis Regulators Expand Licenses to Disabled Vets, Women, Minorities
Cannabis regulators in New York state gave the green light to pass updated and expanded regulations Tuesday, signaling a more inclusive shift in the application process for licensed cannabis shops. Until now, such licenses were primarily limited to “justice-involved” people with prior convictions related to cannabis that occurred when the drug was still illegal. Under the … [Read more...] about New York Cannabis Regulators Expand Licenses to Disabled Vets, Women, Minorities
It’s official: New York will open adult-use marijuana retail to multistate operators
New York regulators voted Tuesday to allow the state’s medical marijuana operators to apply for adult-use retail licenses. That means the multistate operators who years ago snapped up a majority of the state’s 10 “registered organization” permits will enter what observers say could be the largest market on the East Coast. Under the resolutions the Office of Cannabis Management … [Read more...] about It’s official: New York will open adult-use marijuana retail to multistate operators
Can Tilray successfully synergize its cannabis, alcohol businesses?
With its right hand, Tilray Brands has consolidated a swath of the Canadian cannabis market, most recently buying Hexo Corp. in its quest to grow market share. With its left hand, Tilray has gone on a beverage alcohol acquisition bender in the United States. After several alcohol acquisitions that turned Tilray into one of the largest U.S. craft brewers, the company recently … [Read more...] about Can Tilray successfully synergize its cannabis, alcohol businesses?
Big Weed Is on the Brink of a Multi-Million Dollar Surge into New York’s Cannabis Market
In early 2017, there might not have been a flashier entrepreneur in the legal cannabis industry than Adam Bierman. In Los Angeles, his company, MedMen, had become known for its glossy red storefronts with sleek, minimalist interiors that drew comparisons to Apple Stores and the eyes of investors. California had already legalized weed, allowing his company to expand from the … [Read more...] about Big Weed Is on the Brink of a Multi-Million Dollar Surge into New York’s Cannabis Market
State lawmakers will hold public hearing in October about cannabis market rollout
ALBANY, N.Y. — New York State lawmakers will hold a hearing next month in Albany about the challenges to rolling out the recreational cannabis market. The State Legislature legalized recreational cannabis in March of 2021 but dispensaries have been slow to open, especially in the Finger Lakes region, because of multiple lawsuits. Last month, a State Supreme Court judge … [Read more...] about State lawmakers will hold public hearing in October about cannabis market rollout
First Meeting Held by Experts From the Hawaiian Psychedelic Task Force
The Hawaii Office of Wellness and Resilience recently announced that the Breakthrough Therapies Task Force held its first meeting on Aug. 29. The task force consists of 11 individuals whose role is to research and explore the therapeutic potential of MDMA and psilocybin. “It comprises local physicians, psychiatrists, mental health professionals and government partners,” a press … [Read more...] about First Meeting Held by Experts From the Hawaiian Psychedelic Task Force
Ron DeSantis Confirms He Would Not Legalize Adult Use if Elected President, Warns of Fentanyl-Laced Pot
On Saturday, Florida Governor Ron DeSantis said he would not legalize adult-use cannabis if elected president, confirming what he said in June, and warned about the danger of fentanyl-laced pot at the Never Back Down Super PAC in Iowa. Florida Politics reports that the presidential hopeful is gearing up for the 2024 presidential election, and taking a harder stance against … [Read more...] about Ron DeSantis Confirms He Would Not Legalize Adult Use if Elected President, Warns of Fentanyl-Laced Pot
Dept. of Health and Human Services Calls On DEA to Reclassify Cannabis as Schedule III
An official at the Department of Health and Human Services recommended to the Drug Enforcement Agency (DEA) that cannabis be reclassified from a Schedule I drug to a Schedule III drug under the Controlled Substances Act in a leaked letter. HHS Assistant Secretary for Health Rachel Levine sent a letter dated Aug. 29 to DEA Anne Milgram, recommending that cannabis be … [Read more...] about Dept. of Health and Human Services Calls On DEA to Reclassify Cannabis as Schedule III
