Cannabis stocks spiked immediately after President Joe Biden announced the reclassification of cannabis from a Schedule I to a Schedule III drug, endorsing the Justice Department’s recommendation. Biden posted a video on X at 1 p.m. May 16, declaring that the U.S. Department of Justice would indeed reclassify cannabis, and within hours, cannabis-related stocks began
Revenue generated by adult-use cannabis markets in the U.S. is showing its true impact on the economy. According to a report by the Marijuana Policy Project (MPP) adult-use cannabis markets generated over $20 billion in tax revenue since launching in Colorado and Washington a decade ago. In November 2012, Colorado legalized marijuana for adults over
It’s the start of a new festival season, as music lovers far and wide prepare for a summer full of multi-day events featuring some of their favorite artists and DJs, along with plenty of dancing. For many, the festival experience also involves consuming a variety of drugs to amp up the experience. This year’s Drug
Willie Nelson. Cypress Hill. Bob Marley. Aside from them, not many artists are more synonymous with cannabis than Snoop Dogg. Following his appearance on Dr. Dre’s 1992 single “Deep Cover,” the D-O-Double-G played a starring role on Dre’s debut solo album, The Chronic, which (in addition to the title itself) put their affinity for the
For financial institutions, the stakes are high, with stringent regulations and the constant threat of legal repercussions. Amid this challenging landscape, one company stands out for its innovative and comprehensive approach: Monarch. As the cannabis industry grows, understanding and adhering to banking compliance regulations is crucial for any business looking to thrive. Monarch’s unique methodology
The Drug Enforcement Administration (DEA) recently released a report on May 9 with details about its 2024 National Drug Threat Assessment (NDTA), which is dedicated to compiling data in relation to illegal drugs and trafficking trends within the U.S. DEA Administrator Anne Milgram introduced the report to warn of the many threats to public safety
New research, which was published in the journal Cannabis, shows evidence of the weight loss effects of cannabinoids such as THCV and CBD. The study’s official title is “Weight Loss and Therapeutic Metabolic Effects of Tetrahydrocannabivarin (THCV)-Infused Mucoadhesive Strips,” and studied participants’ use of oral strips to administer a combination of THCV/CBD or a placebo.
Medical cannabis is taking over Europe, as well as efforts to decriminalize cannabis in numerous countries and at local levels. In a pattern similar to what took place in the U.S., European nations are legalizing cannabis for medical or recreational purposes in a patchwork of new laws. According to a May 16 press release from
Gifting parties—events that allow guests to buy a random item that includes a cannabis “gift”—will be subject to strict rules after Connecticut’s attorney general arrived at an agreement with organizers of one such event that attracted attention of state officials. Attorney General William Tong announced May 15 that he reached an agreement, with stipulations, that
Another year being weird is in the books, and what an eventful one it’s been! From THCa to Schedule III, our community is jumping through as many loopholes as ever, and with just as many doomsayers out there waiting to yuck our yum. It can be both exhausting and exhilarating at the same damn time.
