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
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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
New Canaan firm invests $16 million in a new East Hartford cannabis facility
An indoor marijuana micro-cultivator. show in Portland, Conn. in March. A New Canaan-based real estate investment firm specializing in working with licensed marijuana growers is investing $16 million to purchase a former cold storage facility in East Hartford and turn it into a cultivation facility. A New Canaan-based company that provides real estate capital for licensed … [Read more...] about New Canaan firm invests $16 million in a new East Hartford cannabis facility
Enemies of Weed Legalization Are Already Raising Money To Challenge Federal Rescheduling Effort
Last week, the Drug Enforcement Administration (DEA) shared that marijuana would be rescheduled from a Schedule I, meaning that the plant was classified as a substance with no accepted medical value, such as heroin, to a Schedule III, controlled substances that allow for some medical use, such as ketamine. While cannabis advocates, stoners, and anyone with the ability to reason … [Read more...] about Enemies of Weed Legalization Are Already Raising Money To Challenge Federal Rescheduling Effort
Smoke Signals: The Unhinged Uprising of Cannabis in the Land of the Free
The air is thick with the scent of change, my friends. The federal leviathan, in its infinite wisdom, appears to be teetering on the precipice of reclassifying our beloved Mary Jane. This isn’t some half-baked rumor, mind you. This is coming straight from the horse’s mouth, or rather, the mouths of unnamed sources who’ve been whispering sweet nothings to the … [Read more...] about Smoke Signals: The Unhinged Uprising of Cannabis in the Land of the Free
Not a token step on cannabis: Federal downgrading of drug is welcome
United States drug policy this week moved one step closer to sanity. It’s got much further to go. We are not cannabis enthusiasts, nor do we love what legal and regulated substances like alcohol and tobacco do to human and public health. But dealing with those who sold and used pot through arrest, prosecution and occasional incarceration was cruel. It was wasteful. And it was … [Read more...] about Not a token step on cannabis: Federal downgrading of drug is welcome
Hawaii Has Been Debating Marijuana Legalization For Half A Century
State Rep. John Carroll was fed up with Hawaii’s outdated marijuana laws. The Republican lawmaker had recently been at a rock concert where much of the audience had lit up — some right in front of police officers. Thousands of Hawaii’s citizens smoked pot, Carroll told the Honolulu Star-Bulletin newspaper, but nothing had been done to update the legal code to “better fit the … [Read more...] about Hawaii Has Been Debating Marijuana Legalization For Half A Century
Research Shows Some Rolling Papers Have High Levels of Heavy Metals
Many brands of rolling papers designed for smoking weed contain elevated levels of potentially dangerous heavy metals, according to the results of a recent study. Rolling papers with dies or metallic tips pose a particular danger, the research determined, with some brands containing enough copper to be harmful to cannabis consumers who use them frequently. The study, which was … [Read more...] about Research Shows Some Rolling Papers Have High Levels of Heavy Metals
The Cannabis Industry Hopes for New Highs
A flicker of hope for the weed business For years, the dreams of the cannabis industry looked like they might go up in smoke, with the U.S. government classifying marijuana as a drug as dangerous as heroin. But the multibillion-dollar industry now has some hope that could change. Shares in cannabis-related companies are soaring, as the Biden administration weighs easing federal … [Read more...] about The Cannabis Industry Hopes for New Highs
Kansas Medical Cannabis Proposal Dead for 2024
A bill to legalize medical marijuana in Kansas is dead for 2024 after the state Senate blocked an effort to bring the proposal to the floor for debate. Had it passed, the measure would have legalized the medicinal use of cannabis by patients with certain qualifying conditions in one of the few states that have yet to legalize medical weed. Last month, a Kansas Senate … [Read more...] about Kansas Medical Cannabis Proposal Dead for 2024