WeedLife News Network

Missouri's Cannabis Equity Program Draws Scrutiny as Out-of-State Businesses Secure Licenses. One of the businesses awarded a license intended to help small and minority-owned businesses break into Missouri’s lucrative marijuana market is based more than a thousand miles away in New Jersey. The

A survey to understand the scale of UK cannabis industry banking challenges has been launched by the Cannabis Industry Council (CIC). This follows ongoing anecdotal concerns across the industry about accessibility issues for bank accounts and other financial services. Without a business bank account

UK food regulators have lowered the recommended safe daily dose of cannabidiol (CBD), a cannabis extract present in many different High Street products, including drinks and snacks. The Food Standards Agency says the advice is precautionary, following concerns long-term use might cause liver and

The former chair of Massachusetts Cannabis Control Commission (CCC), who was suspended last month, has now dropped her legal challenge after a hearing was granted. Last week, Business of Cannabis reported that Shannon O’Brien was ‘suspended with pay’ by state treasurer Deborah B. Goldberg in

There are some important movements afoot to bring cannabis into the mainstream and make cannabis businesses easier to operate. First, the Department of Health and Human Service (HHS) has recommended to the Drug Enforcement Administration (DEA) that cannabis be rescheduled from Schedule I to Schedule

Ohio could take in $218 million in tax revenue if the state votes to legalize recreational marijuana this November, a new study shows. Passage of Issue 2 on Nov. 7 to legalize adult-use cannabis could generate $182 million to $218 million during the first full year of operations, according to

Florida's Recreational Marijuana Ballot Measure Faces Legal Challenge. With more than a million valid signatures, a recreational marijuana legalization initiative seems poised to pop up on Florida’s 2024 ballot, but it has one last hurdle to clear — a legal challenge from state Attorney General

Experts Delve Into California Cannabis Retail Challenges At Benzinga Conference. “I think the taxation structure makes it extremely difficult to make money given the impact of that,” said Seth Yakatan, co-founder at Katan Associates, during a dynamic Benzinga Cannabis Capital Conference panel

Marijuana advocates fears that America's $26 billion legal cannabis industry is in danger of being consolidated 'into the hands of a few well-financed national players.' After some debate, last week the Senate Banking Committee voted to advance the Secure and Fair Enforcement Regulation Banking Act

Thailand's new government is reconsidering ending the ongoing decriminalization of cannabis almost two years after it became the first Asian country to do so. Prime Minister Srettha Thavisin has recently vowed to roll back 2022 cannabis legislation amid a hardline anti-narcotics campaign pledged

“The favorable outcomes that patients report with these substances for both pain and PTSD currently are better explained by expectancy biases than by a treatment effect,” the researchers write. In a new article in JAMA Psychiatry, researchers review the evidence for cannabis in the treatment of pain

The state reported that while its data previously showed 50,000 patients and caregivers, now it estimates there are only 14,000. The Georgia Department of Public Health (DPH) announced on Sept. 27 that its previously recorded data regarding the number of medical cannabis patients is actually less

The Minnesota agency tasked with regulating the state's burgeoning THC edible industry now has an inspector fully dedicated to enforcement. Why it matters: The 2022 law legalizing food and beverages containing 5mg or less of hemp-derived THC lacked resources for oversight and enforcement, creating

New Jersey has made $5,5m in cannabis tax revenues available to support the state’s ‘Hospital-Based Violence Intervention Program’. The Cannabis Regulatory, Enforcement Assistance and Marketplace Modernisation Fund, which was set up to reinvest cannabis revenues into initiatives helping communities

Rick Johnson admits he took at least $110,000 in bribes as head of a state marijuana licensing board. A man formerly known as a powerful Michigan lawmaker was sentenced Thursday to nearly five years in federal prison for accepting bribes as head of a marijuana licensing board. Rick Johnson admitted

The Office of Cannabis Policy is using listening sessions to inform research and policy proposals. On Wednesday, the Maine Office of Cannabis Policy held a community town hall at the University of Southern Maine as part of a state-wide listening tour. It was an opportunity for stakeholders and

US Customs and Border Protection Seizes Over $5 Million Worth of Marijuana Concealed in Tractor-Trailer at California Border Crossing. SAN DIEGO — More than $5 million worth of illicit marijuana concealed in a tractor-trailer was seized by U.S. Customs and Border Protection at the Otay Mesa Port of

Senate Committee Approves SAFER Banking Act, a Major Step for Cannabis Industry. After a long and arduous wait, it looks like the SAFER Banking Act, the renamed version of the bipartisan law that would allow banks to work with cannabis businesses without penalties, is finally showing some traction

A new bill that aims to give the marijuana industry access to banking services is expected to move forward in the Senate on Wednesday. The Secure and Fair Enforcement Regulation Banking Act was introduced by a bipartisan group of senators last week. The bill would provide legal protection to banks

Michigan Eliminates Pre-Employment Marijuana Testing for Most Government Employees. Michigan is set to eliminate pre-employment drug tests probing for marijuana use among the majority of its government employees, marking a significant change that will take effect starting October 1st. The decision