Bipartisan congressional lawmakers have refiled a pair of bills meant to provide a pathway for the regulation of hemp derivatives like CBD as dietary supplements and food and beverage additives. The two measures that were filed on Friday—the Hemp and Hemp-Derived CBD Consumer Protection and Market Stabilization Act and the CBD Product Safety and Standardization […]
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Marijuana e-commerce platform Leafly Holdings this week laid off another 40 employees, or 21% of its workforce, a day before reporting its full-year and fourth-quarter financial results. The job cuts came as Leafly reported $47.4 million in revenue for 2022, a 10% increase from 2021, according to a Thursday news release about the Seattle-based company’s […]
What has a plentiful landscape of natural beauty, is famous for hatch green chiles, is the birthplace of Neil Patrick Harris, is the current residence to author George R.R. Martin (seriously, he has a day held in his honor annually on March 29), has a multitude of culture, and is also home to a bustling […]
The U.S. Securities and Exchange Commission has charged Nevada-based cannabis company American Patriot Brands (APB) with fraud in a “long-running scheme” in which the company raised more than $30 million from investors. The Securities and Exchange Commission (SEC) filed the civil complaint Thursday in the U.S. District Court for the District of Puerto Rico. ADVERTISEMENT […]
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Here comes more New York cannabis program litigation. After one lawsuit halted a significant portion of New York Conditional Adult Use Retail Dispensary (CAURD) program, a new lawsuit filed on March 16, 2023 by the Coalition for Access to Regulated & Safe Cannabis against the Cannabis Control Board (CCB), Office of Cannabis Management (OCM), CCB […]
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Wisconsin residents purchased more than $121 million worth of marijuana from legal retailers in neighboring Illinois in 2022, contributing about $36 million in tax revenue to the state, according to a legislative analysis requested by a top Wisconsin senator. Senate Minority Leader Melissa Agard (D), who has sponsored legalization legislation in past sessions, asked the […]
A bill to legalize medical marijuana stalled in the Kansas legislature on Thursday—but now the governor is urging the public to contact their representatives to demand they take the legislation back up for action “this session.” Gov. Laura Kelly (D), who has long championed cannabis reform, said on Thursday that she’s “disappointed that some legislators […]
Enormous pressure to maximize THC levels falls upon cultivators, manufacturers, and labs. And when THC levels are inflated, it creates unrealistic expectations for higher numbers, and it erodes trust in the integrity of the industry. One California lawmaker has a solution. On March 15, Assemblymember Reggie Jones-Sawyer (D-Los Angeles) introduced Assembly Bill 1610, which he […]