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New Jersey Celebrates Cannabis Success While Neighbour New York Struggles
Business & Finance
New Jersey Celebrates Cannabis Success While Neighbour New York Struggles Image Cannabis NewsMay 3, 2024 New Jersey Cannabis Market Surges with 38% Sales Increase, While New York Faces Regulatory Challenges. Sales in NJ show a robust 38% increase, signaling market growth. NJ’s market thrives with over 130 dispensaries opening in 2024. NY’s slow can
Marijuana could be rescheduled by feds. What it means for Michigan?
Business & Finance
Marijuana could be rescheduled by feds. What it means for Michigan? Image Cannabis NewsMay 2, 2024 DEA Plans to Reschedule Marijuana, but Challenges Remain for Michigan's Cannabis Industry. After decades of regulation that stood in direct opposition to the will of many American voters -- and the majority Michigan voters since 2008 -- the DEA plans
What federal changes to Marijuana mean for Ohio’s recreational law
Business & Finance
What federal changes to Marijuana mean for Ohio’s recreational law Image Cannabis NewsMay 2, 2024 In Ohio’s first full year with legalized recreational marijuana, two proposals at the national level could open new opportunities for the drug as well. The U.S. Drug Enforcement Administration sent forward a motion to remove marijuana from status as a
State completes Santa Barbara County Cannabis business licensing audit
Business & Finance
State completes Santa Barbara County Cannabis business licensing audit Image Cannabis NewsMay 2, 2024 Santa Barbara County will change its cannabis licensing application as it implements suggestions from the State Auditor’s Office. “To my knowledge, this is the first time cannabis has been audited at the state level. It’s relatively new with recrea
Iowa Cannabis retailers await guidance on new hemp restrictions
Business & Finance
Iowa Cannabis retailers await guidance on new hemp restrictions Image Cannabis NewsMay 2, 2024 Iowa Hemp Industry in Limbo as New Legislation Awaits Governor's Signature. Businesses that sell or manufacture consumable hemp in Iowa are in a "stressful" waiting period as they look for guidance on new legislation that's expected to affect their sales,
DEA proposal to reclassify Marijuana could impact Tennesseans
Business & Finance
DEA proposal to reclassify Marijuana could impact Tennesseans Image Cannabis NewsMay 2, 2024 Potential Downgrade of Marijuana Classification Triggers Debate Among Lawmakers. The U.S. Drug Enforcement Administration will move to reclassify marijuana as a less dangerous drug, and the potential change could create a ripple effect in Tennessee. The fed
Canada’s Cannabis industry at risk of losing first-mover advantage to US
Business & Finance
Canada’s Cannabis industry at risk of losing first-mover advantage to US Image Cannabis NewsMay 2, 2024 US Cannabis Rescheduling Sparks Opportunity for Canadian Industry. This week’s announcement that the Biden Administration will move ahead to reclassify cannabis to a much less restricted drug class and ease federal restrictions could be the ray o
NJ’s Cannabis market turns 2 years old
Business & Finance
NJ’s Cannabis market turns 2 years old Image Cannabis NewsMay 1, 2024 Navigating New Jersey's Cannabis Landscape: Milestones and Challenges of the CRC's Journey. As the New Jersey Cannabis Regulatory Commission marks its third anniversary, the agency is taking stock of its efforts to advance the state’s legalized cannabis market. The New Jersey Can
DEA's Move Represents 'Progress But Not Justice'
Business & Finance
DEA's Move Represents 'Progress But Not Justice' Image Cannabis NewsMay 1, 2024 DEA Proposes Landmark Rescheduling of Cannabis: What It Means for Justice Reform. This week the Drug Enforcement Administration (DEA) has reportedly called for cannabis to be reclassified from Schedule I to Schedule III of the US Controlled Substances Act. This was the
Deadline looms for Missouri Cannabis microbusiness license applications
Business & Finance
Deadline looms for Missouri Cannabis microbusiness license applications Image Cannabis NewsApril 30, 2024 Monday marks the deadline for the Missouri Department of Cannabis Regulation’s second round of microbusiness applications. According to Cannabis.Mo.Gov, applicants for a microbusiness license need to meet one of the following criteria: Have a n
$44.8 M spent on Medical Marijuana in Arkansas in last two months
Business & Finance
$44.8 M spent on Medical Marijuana in Arkansas in last two months Image Cannabis NewsApril 30, 2024 Arkansas Medical Marijuana Sales Hit $45 Million in Two Months. Arkansans spent nearly $45 million on medical marijuana throughout February and March, according to a report from the Arkansas Department of Finance and Administration. $44.8 million was
St. Louis Alderman Wants to Allow Cannabis Cafes with Longer Dispensary Hours
Business & Finance
St. Louis Alderman Wants to Allow Cannabis Cafes with Longer Dispensary Hours Image Cannabis NewsApril 30, 2024 Doubling down on weed could be a revenue boost for the city, Rasheen Aldridge says. As the St. Louis Board of Aldermen’s new session begins, Ward 14 Alderman Rasheen Aldridge hopes to explore legislation to allow cannabis cafes and extend
Companies tied to out-of-state firms appeal revocation of social-equity Cannabis licenses
Business & Finance
Companies tied to out-of-state firms appeal revocation of social-equity Cannabis licenses Image Cannabis NewsApril 30, 2024 Missouri Social-Equity Licensees Appeal Revoked Licenses Tied to Michigan Company. Michigan company Canna Zoned is connected to two of the revoked licenses. It garnered attention last year for recruiting potential applicants f
As Delivery Services Rise, Long Island City Dispensaries Adapt to Changing Cannabis Retail Landscape
Business & Finance
As Delivery Services Rise, Long Island City Dispensaries Adapt to Changing Cannabis Retail Landscape Image Cannabis NewsApril 29, 2024 Long Island City Dispensaries Grapple with Delivery Demand Amidst Growing Cannabis Market. When Long Island City dispensary NYCBUD launched delivery sales in February, owner Jonpaul Pezzo thought his shop would be i
Cannabis company MedMen files for bankruptcy with about $411M in liabilities as its fortunes go up in smoke
Business & Finance
Cannabis company MedMen files for bankruptcy with about $411M in liabilities as its fortunes go up in smoke Image Cannabis NewsApril 29, 2024 Once hailed as the unicorn of pot, MedMen files bankruptcy in Canada with plans to liquidate any assets. Cannabis retailer MedMen is going up in smoke via bankruptcy court. Former high-flying cannabis company
Is a Delta-8 ban right for Texas?
Business & Finance
Is a Delta-8 ban right for Texas? Image Cannabis NewsApril 29, 2024 The law is silent on this cannabis product, and little is known about its effects. Among Lt. Gov. Dan Patrick’s priorities for the next legislative session is a call for lawmakers to look into banning delta-8 and delta-9 hemp products. We support a rigorous review of these cannabis

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