House lawmakers have reignited controversy over cannabis policy in the nation’s capital, advancing a federal spending bill this week that continues to block Washington, D.C. from establishing a regulated marijuana market—despite local voters approving legalization over a decade ago. The House Appropriations Subcommittee on Financial Services and General Government (FSGG) approved the bill on Monday, […]
After years of hesitation, major alcohol producers are reevaluating their stance on cannabis-infused beverages as consumer tastes shift and traditional booze sales continue to decline. A growing number of top alcohol brands—including Constellation Brands and Pernod Ricard—are quietly exploring entry into the booming market of hemp-derived THC drinks, a dozen industry insiders told Reuters. These […]
Federal authorities announced Tuesday that seven Chinese nationals have been charged in connection with a sprawling, multi-million dollar marijuana trafficking conspiracy operating out of Massachusetts and Maine. The Justice Department said the black-market operation, active since at least January 2020, trafficked kilogram quantities of marijuana and used residential properties across the Northeast as covert grow […]
On July 1st, the excise tax for cannabis went from 15% to 19%. This was baked into the Control, Regulate and Tax Adult Use of Marijuana Act, when the cultivation tax ended. In order to balance out the loss of revenue, the excise tax would go up to 19% this year, and then up every […]
The stigma around marijuana has been progressively easing for the past ten years, ever since states began legalizing its recreational use. Due to this, the industry has ballooned across the country. However, businesses have found it frustratingly difficult to advertise their products due to a very sticky federal ban. Fearful of repercussions, social media companies […]
Texas has officially become the 40th state to legalize medical cannabis, a milestone that advocates say marks a significant shift in the state’s traditionally conservative approach to drug policy. Governor Greg Abbott signed the long-awaited bill into law this week, expanding the state’s limited medical cannabis program to include a broader range of conditions. Under […]
Former heavyweight boxing champion and cannabis entrepreneur Mike Tyson made an unexpected appearance at a federal Drug Enforcement Administration (DEA) lab in New York City this week, donning a DEA jacket as he toured the facility alongside Alina Habba, acting U.S. attorney for the District of New Jersey. The visit offered Tyson a firsthand look […]
Over last weekend, the dispensary in West Hollywood known as The Woods was broken into by a group of hooded figures smashing the front window. It took place early Saturday morning before anyone was there, and the perpetrators ended up stealing a good amount of marijuana products. Dispensaries have a higher changes of burglary due […]
Coming on the heels of our article detailing how THC drinks are booming, we can now turn to a place where they’re basically nonexistent. Gavin Newsom, governor of California, enacted an emergency ban on Hemp-derived THC products in stores in September of last year. As stated in our article, the Farm Bill loophole allows THC […]
Across the country, as alcohol consumption continues its downward trajectory, THC is filling the void. Due to its controlled substance categorization, you’d think most businesses would want to stay away from the stuff, but the hemp loophole that resulted from the 2018 Farm Bill continues to open the way for most states. Anything hemp-derived is […]
