Cannabis Business

The U.S. Drug Enforcement Administration (DEA) has recently shown indications of classifying synthetically-derived cannabinoids, including delta-8 THC, as controlled substances under federal law. This development, as outlined in a DEA conference presentation dated May 4, has significant implications for the cannabis industry and consumers alike. According to the DEA’s response to a control status inquiry, …

DEA Considers Controlled Status for Delta-8 THC: Implications for the Cannabis Industry Read More »

California’s cannabis industry has been a significant contributor to the state’s economy, but recent data from the California Department of Tax and Fee Administration has revealed a decline in cannabis tax revenues during the first quarter of 2023. According to the data, the state collected over $216 million in cannabis taxes during this period, down …

California Cannabis Tax Revenues Decline in Q1 2023 A Closer Look at the Numbers Read More »

California’s cannabis industry is facing severe credit issues that threaten its stability, with unpaid invoices and outstanding debts posing significant challenges to operators of all types across the state. In response, a coalition of cannabis industry players has formed the Financial Stability for California Cannabis (FSCC) to raise awareness and offer solutions to the crisis. …

Tackling California’s Cannabis Credit Crisis: The Fight for Financial Stability Read More »

In a recent development, the Florida House has successfully passed a comprehensive hemp bill that introduces an age limit of 21 for hemp products containing THC. However, notably, the approved version of the bill does not include the previously proposed THC caps that were part of the initial draft. The bill, which had already gained …

Florida Legislature Approves Hemp Bill with Age Limit, Removes THC Caps Read More »

In a significant step towards cannabis reform, the Texas House has passed a cannabis decriminalization bill, aiming to reduce penalties for possession of up to an ounce of flower or concentrates. While fines will still be imposed, the measure represents a smarter approach to cannabis possession under Texas law, signaling a potential shift in attitudes …

Texas House Passes Cannabis Decriminalization Bill: Reduced Penalties for Possession Read More »

In a significant development for Florida’s hemp industry, the state Senate has passed a hemp bill that does not include THC caps on products. The proposal, while imposing age limits and packaging regulations, has been received positively by hemp businesses as it avoids potentially damaging restrictions. With over 100,000 employees and $3.5 billion in wages, …

Florida Senate Passes Hemp Bill Without THC Caps: A Win for the State’s Hemp Industry Read More »

Twitter has announced an update to its marijuana advertising policy, allowing certified advertisers to showcase packaged cannabis products in their promoted ad creative. The move comes as a response to feedback from the cannabis industry and aims to provide more opportunities for cannabis companies to promote their brands. The previous policy update in February already …

Twitter Allows Promoted Tweets Featuring Cannabis Products Read More »

The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), a federal law enforcement agency operating under the Department of Justice, has recently implemented a significant update to its employment policy regarding applicants involved in marijuana-related activities. This policy revision introduces a clear distinction between individuals who have engaged in marijuana cultivation, manufacturing, or sales in …

ATF Revises Policy: State-Legal Marijuana Activities No Longer Disqualify Job Applicants Read More »

Bipartisan lawmakers have reintroduced the Secure and Fair Enforcement (SAFE) Banking Act to enable banking and financial services for the legal cannabis industry. The legislation aims to protect banks from federal prosecution when serving state-legal cannabis companies. By addressing the industry’s reliance on cash transactions, this bill aims to enhance safety, reduce criminal activity, and …

Bipartisan Effort to Normalize Cannabis Banking Services in Congress Read More »

In a significant move, the California Department of Cannabis Control (DCC) has awarded $20 million in research grants to 16 academic institutions. These grants aim to deepen our understanding of cannabis and refine the legal framework governing its use. The studies funded by these grants cover a wide range of topics, including cannabis potency, medical …

$20M Cannabis Research Grants Shape California’s Future Read More »