Cannabis Business

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, […]

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

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

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

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

Ohio Governor Mike DeWine has proposed a significant change to the state’s medical cannabis program, which would shift regulatory responsibilities away from the Board of Pharmacy. Under the governor’s executive budget plan, the Board of Pharmacy would no longer oversee the state’s medical cannabis dispensaries, with some of its responsibilities transferring to the Department of

The latest data from the Colorado Department of Revenue indicates that combined adult use and medical cannabis sales in Colorado have declined by 14.2% in February 2023 compared to the same month last year. Adult-use cannabis sales in the state have declined by 12.7% year-over-year, while medical cannabis sales have fallen by 23.7% year-over-year. Additionally,

State officials say that recreational and medical marijuana sales in Michigan hit a record high in March, with nearly $250 million spent. The adult-use market, which sold $239.8 million worth of marijuana goods last month, accounted for most of these sales. New Cannabis Ventures was the first to report that sales of medical marijuana hit

Front Office Sports says that the Chicago Cubs are likely to be the first MLB team to have a CBD sponsor and sell CBD drinks at their stadium. The relationship is between the Cubs and MYND Drinks, which is based in Chicago, Illinois. MYND Drinks has the NSF Certified for Sport designation, which is needed

According to an article by Marijuana Moment, a marijuana business in Oregon that is fighting the state’s export ban asked a federal judge to let the case go to court. The company said it has a “right to operate its business, whether it is legal under federal law or not, free of unconstitutional state laws