Canadian cannabis producer Canopy Growth plans to refile some of its financial statements for the fiscal year ended March 31, 2022. The Smiths Falls, Ontario, company is making the move after identifying “material misstatements” related to sales of its BioSteel business unit that were incorrectly accounted for. ADVERTISEMENT Canopy is among a number of cannabis […]
The U.S. Drug Enforcement Administration has issued a license to Ohio State University that allows researchers to cultivate psilocybin mushrooms for use in scientific studies. The license, which was awarded to Ohio State and partner Inner State Inc., a mental health and wellness research and development company, is the first license issued by the DEA […]
The U.S. Department of Transportation (DOT) has finalized a rule to amend its drug testing policy in a way that could have significant implications for truckers, commercial drivers, pilots and other federally regulated transit workers who use marijuana off the job. In a notice last Tuesday, the department said that it has completed the rulemaking […]
As a new poll shows strong majority support for legalization in Minnesota, bipartisan and bicameral lawmakers held their first conference committee meeting on Friday, resolving mostly modest differences between marijuana legalization bills that passed the House and Senate last month, while leaving larger distinctions on issues like tax policy for another day. Rep. Zack Stephenson (D), sponsor of […]
A congresswoman is asking for marijuana plants to be displayed at the U.S. Botanic Garden near the Capitol in Washington, D.C. in recognition of state and federal efforts to legalize cannabis. Rep. Eleanor Holmes Norton (D-DC) wrote a letter to the executive director of the living plant museum, which is run by Congress and located […]
Banking associations representing all 50 U.S. states—as well as various other financial, insurance and union organizations—are calling for Senate committee passage of a marijuana banking bill “as quickly as possible.” Ahead of a Senate Banking Committee hearing on cannabis industry financial issues that was held on Thursday, several national and state associations sent letters to […]
Legal marijuana sales in Connecticut remain stable, with the state reporting $21 million in revenue from medical and adult-use cannabis in April. The figures, reported on Wednesday by the state Department of Consumer Protection, showed that the newly launched adult-use market recorded $10.2 million in the month of April, while the medical cannabis market brought […]
Arizona senators voted to approve a general appropriations act 2023-2024 on May 10. Within the appropriations bill is a multitude of funding proposals from the governor’s office, which includes everything from Alzheimer’s disease research ($4.1 million), a newborn screening program ($12 million), and the Arizona nurse education investment pilot program ($15 million), but it also […]
Nate Diaz and Jake Paul will face off in the boxing ring on August 5 at the American Airlines Center in Dallas, Texas. The eight-round pay-per-view (PPV) event on Showtime is Diaz’s professional boxing debut following his decorated career in mixed martial arts (MMA) as a UFC fighter. Diaz was denied a request for an […]
Joseph Segilia As states navigate the distribution of marijuana business licenses, a number of markets have implemented state residency as a condition to apply for or receive a license. However, as three recent court cases have addressed, residency requirements might be in conflict with the implicit dormant commerce clause of the U.S. Constitution, which generally […]