Maryland lawmakers took another step toward establishing a regulated, adult-use marijuana market on Friday, holding a hearing on a reform proposal months after voters approved legalization at the ballot last year. The House Economic Matters Committee discussed the legislation from Dels. C. T. Wilson (D) and Vanessa Atterbeary (D), taking testimony from dozens of people […]
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Budtenders at Captain Jack’s Dispensary in San Bernardino, California, have become the latest group of cannabis workers to unionize. ADVERTISEMENT According to a news release, the workers joined Teamsters Local 1932, which represents more than 14,000 workers in California’s Inland Empire, part of the 1.2 million-member International Brotherhood of Teamsters. The Teamsters have been steadily […]
A Republican lawmaker in Montana is seeking to eliminate sales taxes on medical marijuana, a move that could breathe life into the state’s struggling MMJ market. The dwindling number of MMJ patients in Montana currently pay a 4% state sales tax as well as a 3% local tax in certain jurisdictions. ADVERTISEMENT But both would […]
Oklahoma lawmakers have approved bill in committee to promote research into the therapeutic potential of psilocybin while providing legal protections against prosecution for people with eligible conditions who possess the psychedelic. The House Alcohol, Tobacco and Controlled Substances Committee passed a substitute of the legislation from Rep. Daniel Pae (R) in a 6-1 vote on […]
Phoenix-based hemp and CBD retail and distribution company 1606 Corp. raised up to $20 million through an equity financing agreement with GHS Investments. According to a news release, 1606 will use the funds for acquisitions. ADVERTISEMENT “This $20 million financing is going to allow us to buy profitable CBD companies and we’ll be a great […]
Republican lawmakers in Virginia want to cut nearly 70% of the Cannabis Control Authority’s budget, a move that creates further uncertainty for the state’s nascent legal marijuana industry. Under a state spending plan proposed by Virginia’s House Republicans, the budget for the Cannabis Control Authority (CCA) would be slashed by $13.4 million over two years, […]
A few years ago I wrote a somewhat tongue-in-cheek blog post titled, “Cannabots – Are the Robots Coming For Your Weed,” which discussed the application of robotics to the cultivation of marijuana. In that post I cited several articles discussing the use of robots as farmers, restaurant workers, fashion models, and even lawyers. Just a […]
The Brightfield Group recently released its “U.S. Cannabis Market Forecast” on Feb. 16, which presents data of comparisons from cannabis sales in 2022, and five-year sales projections between 2023 and 2028. According to the report, the cannabis industry is poised to reach more than $31.8 billion in annual sales by the end of this year, […]