Cannabis Industry Reacts to Biden’s Rescheduling Announcement
The President’s May 16 announcement is being touted as an important and historic first step, but many industry constituents say there’s still a long way to go, with social justice at the heart of pushes for decriminalization. Here are reactions from cannabis business executives, industry organizations, lawyers and members of Congress.
As Predicted, 4/20 Sales Surged During Cannabis Industry Holiday Weekend
Sales on both Friday and Saturday were up significantly, and retailers offered higher discounts to entice customers when compared to previous years.
DEA 2024 Report Focuses on THC Potency, Organized Crime, Youth Edible Consumption
The federal agency’s National Drug Threat Assessment calls attention to how scheduled substances and trafficking trends are “endangering” the U.S.
5 Things to Confirm When Signing a Cannabis Facility Construction Agreement
From agreement type to financing to scope of work, here are details to iron out when vetting construction companies.
White House Moves to Reschedule Cannabis in ‘Monumental’ Decision, Biden Says
The Department of Justice will issue a notice of proposed rulemaking to reclassify cannabis in the Federal Register, which will be followed by a 60-day public comment period prior to the department potentially finalizing the rule.
Michigan’s Adult-Use Cannabis Sales Up 21% From Last Year
The nation’s second-largest market reported nearly $1.1 billion in sales through the first four months of 2024.
Total Wine & More Takes Another Step Into Hemp-Derived THC-Infused Beverage Market
A new partnership with the U.S.’s largest independent fine-wine retailer will sell Bayou City Hemp Company’s and 8th Wonder’s product line in Texas and Louisiana.
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