According to a new study published by the CDC, teen marijuana usage has been declining steadily since dispensaries started opening. Even as more states start to legalize the drug, those in high school are consuming less of it. The study conducted by the Centers for Disease Control and Prevention’s in the Youth Risk Behavior Survey […]
Current federal tax policies are causing legal-market operators to become unprofitable, and these businesses are unlikely to find relief absent substantive legislative changes being made at a federal level. That’s the conclusion of a new study published by the consulting firm Whitney Economics. Because cannabis remains federally illegal as a Schedule I controlled substance, state-licensed […]
Members of the US Senate Committee on Banking, Housing, and Urban Affairs will hear testimony tomorrow regarding S. 1323: the Secure and Fair Enforcement (SAFE) Banking Act, which seeks to normalize relations between state-licensed cannabis businesses and financial institutions. The bill currently has 39 Senate sponsors, including six Republicans and two Independents. In an op-ed […]
We’ve been here before. In the third straight year of attendance at the New York marijuana rally, Senator Schumer vowed to pass the marijuana banking bill, SAFE Banking. He also promised to attached expungements and “social justice”. “We will put the bill on the floor—god willing we get the votes in committee—and we will add […]
Marijuana reform legislation continues to advance in several states. This week’s update highlights legislative developments in Florida, Maine, Maryland, Missouri, Nevada, New Hampshire, Ohio, Pennsylvania, Vermont, and Washington. LEGALIZATION New Hampshire UPDATE: HB 639 and HB 360 were both previously passed members of the House of Representatives. However, yesterday members of a Senate Committee voted […]
The United States government collected over $1.8 Billion in federal taxes in 2022 from cannabis. Compared to many other sectors in the states, this number is staggering. This excess is also forecasted to increase by another $300 million by 2023. These payments are the result of something called Section 280E of the federal Internal Revenue […]
The world’s tallest hemp hotel has been completed in South Africa. In Cape Town, South Africa, the 12-story hotel made completely out of hemp-Crete has been getting finishing touches. This building boasts an extremely small ecological footprint and is the world’s tallest building created with hemp materials. Although not opened yet, the plan is for […]
Oregon’s Secretary of State, Shemia Fagan, worked as a consultant for a cannabis company in which she was paid $10,000 a month. An ethics investigation is underway to determine if she broke any ethics rules by working for a company made of political donors. In the meantime, Fagan stepped down from her role as Secretary […]
We’ve been through this before. Sha’Carri Richardson wasn’t able to attend the Tokyo Olympics in 2021 after testing positive for THC while she was at the top of her sport. Now, in an even more heartbreaking fashion, Tara Davis-Woodhall has been stripped of her national title in long jumping because she tested positive for THC […]
Marijuana reform legislation continues to advance in several states. This week’s update highlights legislative developments in Alaska, California, Colorado, Louisiana, Maine, Minnesota, Missouri, Nevada, New York, Texas, and Vermont. LEGALIZATION Louisiana UPDATE: HB 17 is scheduled for a hearing today in the House Judiciary Committee. House Bill 17 establishes regulations for the cultivation, production, and […]
