Report: Cannabis Legalization Could Generate $1.2B In Economic Activity for Virginia
Mon / Dec 21st
Experts predict that cannabis legalization in Virginia could generate up to $1.2 billion in annual economic activity for the state.
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Mon / Dec 21st
Experts predict that cannabis legalization in Virginia could generate up to $1.2 billion in annual economic activity for the state.
Fri / Dec 18th
New Jersey lawmakers have approved legislation for the legalization and regulation of adult-use cannabis, sending the bill to the governor’s desk where it is expected to be signed into law.
Fri / Dec 18th
The DEA published a new rule on Thursday that will allow researchers to apply to cultivate cannabis for research purposes.
Fri / Dec 18th
Florida’s Commissioner of Agriculture Nikki Fried is calling for cannabis legalization in the state and fielding donations based on advancing the legalization issue.
Fri / Dec 18th
AltMed is suing the city of Miami Beach in efforts to overturn a city board decision that blocks medical cannabis dispensaries from being located within 1,200 feet of each other.
Fri / Dec 18th
A Pennsylvania-based cannabis investor is suing Missouri over residency requirements for the state’s medical cannabis business licenses.
Thu / Dec 17th
The U.S. Senate has approved a bill that would expedite the process of getting DEA approval to possess cannabis for research purposes. The House passed similar legislation last week.
Thu / Dec 17th
Tilray and Aphria, two licensed cannabis producers in Canada, have announced they are combining to create the world’s largest cannabis company based on pro forma revenue.
Thu / Dec 17th
Fate Winslow, a Louisiana man who in 2008 was sentenced to life in prison over a $20 weed deal, has been set free following a successful appeal.
Wed / Dec 16th
The former chief of staff for Fall River, Massachusetts Mayor Jasiel Correia — who was arrested and accused of extorting local cannabis businesses — has pleaded guilty to extortion, bribery, and making false statements in the licensing corruption probe.
Wed / Dec 16th
Oregon’s Deschutes County has announced a lawsuit saying it should be paid a portion of the state’s cannabis tax revenue despite having banned any new cannabis processing and cultivation facilities in the county in 2019.
Wed / Dec 16th
Utah is considering a proposal that would allow any doctor in the state to recommend cannabis for up to 15 patients per year.
Wed / Dec 16th
Aurora Cannabis has announced it will cut production at its Aurora Sky facility to just 25 percent of its previous capacity. The move will also lay off 214 workers.
Tue / Dec 15th
Praxis Labs in Washington state has had its license suspended amid allegations that the cannabis testing lab was inflating THC results. The lab has decried the allegations as false, calling them libel and a case of “agency overreach.”
Tue / Dec 15th
Irish medical cannabis patients no longer have to travel to The Netherlands to purchase their medicine after officials made permanent a pandemic-response service that lets patients order medical cannabis products from Dutch cannabis firms.
Tue / Dec 15th
Lawmakers in South Carolina have pre-filed multiple bills aimed at reforming the state’s cannabis laws including two medical cannabis legalization proposals, a decriminalization proposal, and others.
Tue / Dec 15th
LeafLink has announced the close of a $40 million investment round led by Peter Thiel’s Founders Fund.
Mon / Dec 14th
Researchers in Florida recently discovered that CBD oil, when applied to fresh fruit immediately after storage, can work as a preservative that inhibits yeast and mold growth.
Mon / Dec 14th
The UK has approved trials to assess the safety — and eventually efficacy — of DMT as a potential treatment for depression.
Mon / Dec 14th
Arizona regulators released the first draft rules for the state’s adult-use cannabis marketplace. The license application period is set to open on January 19.
Mon / Dec 14th
After nearly a year of legal cannabis sales in Illinois, there are still zero licensed cannabis businesses in the state that are majority-owned by a person of color.
Fri / Dec 11th
Weedmaps is set to go public with a Nasdaq listing. The deal values the company at approximately $1.5 billion.
Fri / Dec 11th
Florida State Sen. Randolph Bracey announced this week he will introduce a bill next year aimed at expunging low-level cannabis convictions in the state.
Fri / Dec 11th
Detroit officials are set to issue the city’s adult-use cannabis business licenses this summer.
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