New Marijuana Decriminalization Effort Weighed In U.S. House – Report WASHINGTON, Nov 8 (Reuters) – Legislation that would decriminalize marijuana and establish a tax on cannabis sales was being developed by Republican Representative Nancy Mace with the goal of introducing it in the U.S. House of Representatives later this month, according to media reports. Marijuana […]
Biden Administration Can Legalize Marijuana Without Waiting For Lawmakers, Congressional Researchers Say President Joe Biden can grant mass amnesty to people who have violated federal marijuana laws, congressional researchers said in a new report, adding that his administration can also move to federally legalize cannabis without waiting for lawmakers to act. The new analysis published […]
Marijuana Tech Firm Dutchie Raises 350 Million As Big Funding Deals Flourish Marijuana retail technology firm Dutchie said Thursday it has snagged $350 million of funding to support its fast growth, the latest in a frenzy of $100 million-plus capital raises that signal cannabis investors are writing increasingly large checks. Dutchie’s Series D funding round […]
Largest Hemp Processing Facility In The US Set To Open In Southern Indiana LOUISVILLE, Ky. (WDRB) — A ribbon-cutting ceremony was held Thursday morning for HempRise at the River Ridge Commerce Center in Jeffersonville. HempRise, which extracts CBD from hemp and supplies it to other companies for things like medicines and oils, said it invested […]
CBD Maker Hemp Distributor Raises 10 Million For Expansion Los Angeles-based cannabis holding company Marijuana Company of America (MCOA) raised $10 million via an equity line of credit agreement with White Lion Capital. The proceeds will be used “to drive growth,” MCOA said in a Tuesday news release. Specifically, the release noted, the funding will […]
The Future Of The Marijuana Industry In America It’s the world’s most commonly cultivated, trafficked, and used drug; as the push for legalization at home and abroad grows, marijuana is garnering significant attention from investors, manufacturers, and researchers. Despite the plant being illegal under federal law as a Schedule I drug, the U.S. legal marijuana […]
The State That Sells the Most Weed May Surprise You National retail sales figures for July included a small segment called “miscellaneous store retailers,” in which the U.S. Department of Commerce included the no-longer-so-small cannabis dispensaries. With sales at the nation’s miscellaneous store retailers increasing by 3.5% in July from June to a record $14 […]
CBD Makes Headways Into Sports As Industry Brands Partner With Pro Golfers And Car Racers PGA Tour and NASCAR are widely seen as most accepting of the plant among U.S. sports leagues Athletes can still be banned for using cannabis, but industry heavyweights are finding other ways to work their way into the lucrative U.S. […]
Violas Harrington Institute Provides Education to Bring New Wave of Talent to Cannabis Industry The educational platform, which is powered by the Cleveland School of Cannabis, aims to create economic opportunities for individuals, especially those in Black communities, who are looking to enter the market. Black-owned cannabis brand Viola has launched its own education platform […]
Race And Money Illinois Messy Weed Experiment Many states have legalized pot but few embraced a serious commitment to tackling the racial disparities that disproportionately hurt Black people during the war on drugs. CHICAGO — Illinois stood to become a model for diversifying the marijuana industry in other states when it legalized the drug last […]
Former GOP Congressman Who Actually Supported Marijuana Reform Enters The Cannabis Industry Lately it’s come to seem as if most of the former politicians who’ve entered the marijuana industry were unhelpful or downright hostile to legalization when they were in office. But on Friday, a cannabis company announced an addition to its board who disrupts […]
Montana Officials Loosen Proposed Marijuana Advertising Restrictions The Montana Department of Revenue has revised proposed regulations regarding marijuana advertising that had raised eyebrows among dispensaries, growers and others in the state’s burgeoning adult-use cannabis industry. This summer, the department has been navigating an exhaustive rulemaking process ahead of the Jan. 1, 2022, opening of Montana’s […]
