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In The News

Feb 22
Behind DEA’s 1975 Admission That Rescheduling Cannabis Does Not Violate International Treaty

The DEA’s refusal to reschedule cannabis nearly 50 years ago derived from HHS predecessor’s failure to recognize its medical value, not a 1961 treaty.

Feb 21
Surrounding states have legalized marijuana. Idaho lawmaker suggests this instead

Despite legalization adjacent to Idaho’s borders and in many states around the country, Idaho lawmakers are considering heightened penalties for people charged with marijuana possession. House Bill 606 would add… The post Surrounding states have legalized marijuana. Idaho lawmaker suggests this instead appeared first on Cannabis Business Executive – Cannabis and Marijuana industry news.

Feb 21
New California Cannabis Dashboards Shed Light on Harvest Trends, Retail Prices, Sales

The state’s Department of Cannabis Control launched the public data site to provide useful intel for industry stakeholders.

Feb 21
New Adult-Use Cannabis Business Licenses Approved in New York

The New York Cannabis Control Board (CCB) met on Feb. 16 and voted on a few new cannabis draft rules, including cultivation and research, and also announced the first round of adult-use licenses. The CCB approved a regulation proposal describing potential plant limits and possession amounts, the Feb. 16 meeting kicked off with a 60-day […]

Feb 21
Smoking Surpasses Injection as Leading Ingestion Method in Overdose Deaths

More Americans are overdosing and dying by smoking illegal drugs as opposed to injecting them. Of the 109,000 recorded overdose deaths which occurred in 2022, almost 70 percent involved fentanyl and a recent study by the Centers for Disease Control and Prevention showed that fentanyl users are beginning to favor smoking as their preferred method […]

Feb 21
UPDATE: New Hampshire House Passes Adult-Use Cannabis Bill

The bipartisan legislation, which would limit a regulated marketplace to 15 dispensaries, is scheduled for floor consideration this week.

Feb 21
Mike Tyson Urges President Biden to Release People Incarcerated For Federal Cannabis Offenses

In his letter to Biden, the former pro boxer indicated his support for The Weldon Project, an organization dedicated to securing the release of people serving time for cannabis-related offenses and providing pathways toward expungement.

Feb 20
NH House to vote Thursday on marijuana legalization

A big test of this year’s attempt to legalize marijuana in New Hampshire is set for Thursday when the state House of Representatives takes up a bipartisan bill that would allow… The post NH House to vote Thursday on marijuana legalization appeared first on Cannabis Business Executive – Cannabis and Marijuana industry news.

Feb 20
Selling Weed, but Making It Fashion

A day with Brett Heyman, the designer who is trying to push the legal cannabis market in a more stylish, sunny direction. Two weeks ago, an accessories designer named Brett… The post Selling Weed, but Making It Fashion appeared first on Cannabis Business Executive – Cannabis and Marijuana industry news.

Feb 20
The immediate impact of 280E on price multiples of cannabis companies: PART I [1][2]

By Lane Bruns, CEO of ICANIVEST Executive Summary In this 4-part series, we define and analyze the appropriate price multiples to value cannabis companies with and without 280E. In Part… The post The immediate impact of 280E on price multiples of cannabis companies: PART I [1][2] appeared first on Cannabis Business Executive – Cannabis and […]

Feb 20
Ukraine Introduces Medical Pot To Aid in Healing Trauma of Conflict with Russia

Ukrainian President Volodymyr Zelensky has formally enacted legislation to legalize medical marijuana in a move that he and other leaders believe will assist soldiers in healing from both physical and psychological injuries suffered in the country’s ongoing conflict with Russia. As of January 2, 2024, per Russia Matters, a project launched by Harvard University, Ukraine’s […]

Feb 20
Nevada’s First Cannabis Consumption Lounge Poised to Open by End of February

Over the past few months, the Nevada Cannabis Control Board has approved a handful of cannabis consumption lounge licenses. On Feb. 15, the CCB announced that Thrive Cannabis Marketplace’s lounge, called Smoke and Mirrors, is the first to receive its final license in Nevada. “We’ve marked a lot of ‘firsts’ in Nevada and we’re honored […]

Feb 20
Medical Cannabis Bill Dies in Wisconsin Legislature

A Republican-led proposal to legalize medical cannabis in the state officially died on Thursday, and although the GOP speaker of the assembly indicated that “there will still be a public hearing to build support for passage next session,” per the Associated Press, that “won’t occur until after the Assembly has adjourned for this year.” Wisconsin […]

Feb 20
Illinois Lawmaker Files Psilocybin Therapy Legalization Bill

An Illinois state senator recently introduced a bill to legalize the supervised therapeutic use of psilocybin, the primary psychedelic compound in magic mushrooms. The legislation, known as the Compassionate Use and Research of Entheogens (CURE) Act, was introduced by Democratic Senator Rachel Ventura earlier this month. If passed, the legislation (Senate Bill 3695) would legalize […]

Feb 20
Aurora Cannabis Announces CFO Transition, Completion of Share Consolidation

New chief financial officer Simona King brings deep financial expertise across corporate, operations and international business units.

Feb 20
Cannabist CEO David Hart on ‘Sweating the Assets’

Cannabis Business Executive has covered New York-based Columbia Care (NEO: CBST) (OTCQX: CBSTF) (FSE: 3LP) many times over the years, including lengthy profiles in late 2021 with co-founder Nicholas Vita,… The post Cannabist CEO David Hart on ‘Sweating the Assets’ appeared first on Cannabis Business Executive – Cannabis and Marijuana industry news.

Feb 19
Thoughts on THCA, Interstate Sales….and Oregon

By Vince Śliwowski, Managing Partner of Harris Sliwoski Friend of the firm Andrew DeWeese published a recent LinkedIn post on Oregon’s outlying stance on THCA the other day, and the priorities of… The post Thoughts on THCA, Interstate Sales….and Oregon appeared first on Cannabis Business Executive – Cannabis and Marijuana industry news.

Feb 19
US Senator Says ‘Congress Has Failed’ to Keep Up on Cannabis Reform

Sen. Jacky Rosen said Nevada’s economy and small businesses have benefited from legalization.

Feb 19
New York Cannabis Regulators Approve 109 Adult-Use Licenses

As state officials continue to review nearly 7,000 applications, the Cannabis Control Board’s chair said it’s “been a rocky start to 2024.”

Feb 16
Thrive Cannabis Receives Nevada’s 1st Consumption Lounge License ‘Smoke and Mirrors’

The lounge will feature a cannabis-infused cocktail program, creating a drinking experience where more consumers demand nonalcoholic options.

Feb 16
Ukraine Legalizes Medical Cannabis During Wartime

The legislation, passed by Ukraine’s parliament in December, was signed into law by President Volodymyr Zelensky this week.

Feb 16
New Report: High Entry Barriers to California’s Cannabis Market Impede Oversight, Market Viability

The Cannabis Policy Lab’s licensing and market access report analyses the state’s top challenges and recommends reforms.

Feb 15
Wisconsin Assembly Speaker Won’t Call Cannabis Legalization Bill For Vote

The bill to allow patients to access the plant via state-run dispensaries is likely dead for the year amid top Republican lawmakers locking horns.

Feb 15
7 Critical Questions Cannabis Businesses Need to Be Asking About The Corporate Transparency Act, The Most Important Federal Law You’ve Never Heard Of

Complying with the CTA, which took effect in 2024, can be deceptively complicated, and failure to do so can subject companies to civil—and even criminal—penalties.

Feb 15
UPDATE: German Government to Vote on Cannabis Bill This Month; Law to Take Effect in April

The coalition government has reached an agreement on legislation to legalize cannabis for personal use. If passed, Germany will become the third European Union member state to legalize.

Feb 15
Verano Expands Pennsylvania Retail Footprint With Opening of Zen Leaf Norristown

The facility is the company’s 18th affiliated medical cannabis dispensary in the state and 138th retail location nationwide.

Feb 14
Rad Source Technologies Unveils RSTM420∙Q+TM

The company’s strategic solution fills the capacity gap in cannabis decontamination.

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