Day: June 10, 2024 (Page 2)

Colorado’s Weed Market Is Coming Down Hard and It’s Making Other States Nervous Image Cannabis News June 10, 2024 Businesses are shuttering or laying off workers as sales have plunged by $700 million. On Jan. 1, 2014, Iraq War veteran Sean Azzariti made headlines worldwide as the first person inContinue Reading

Nova Farms Expands into Connecticut with $20M Investment Image Cannabis News June 10, 2024 Massachusetts-Based Cannabis Company Nova Farms Secures $20 Million Investment, Eyes Expansion in Connecticut and New Jersey. On the heels of a $20 million private equity investment, a vertically integrated multistate cannabis operator is preparing to launchContinue Reading

Cannabis Legalization Raises Traffic Safety Concerns on Long Island Image Cannabis News June 10, 2024 Experts Urge Better Enforcement and Data Collection as Cannabis Use Increases on Roads. On a recent Friday afternoon outside a cannabis shop in Farmingdale, the smell of marijuana drifted through the parking lot as aContinue Reading

Connecticut’s Social Equity Council Under Scrutiny for Financial and Decision-Making Practices Image Cannabis News June 10, 2024 Governor Orders Comprehensive Audit of Connecticut’s Social Equity Council Amid Controversy. The public agency responsible for ensuring that Connecticut’s cannabis industry benefits residents harmed by the war on drugs is the subject ofContinue Reading

48 graduates of EDA’s Cannabis Technical Assistance Program could earn up to $150K in grants Image Cannabis News June 10, 2024 New Jersey Awards $150K Grants to Cannabis Entrepreneurs to Boost Inclusive Industry. The New Jersey Economic Development Authority awarded potential grants of up to $150,000 to 48 recipients afterContinue Reading

Federally reclassifying weed means Marijuana businesses will flourish in KY Image Cannabis News June 10, 2024 President Biden Advances Plan to Reclassify Marijuana as Schedule III Drug. Last month, President Joe Biden officially announced he was moving forward with a plan to reclassify marijuana under the Controlled Substances Act. TheContinue Reading

Cannabis Industry Sees Growth in Florida, Louisiana, New York Image Cannabis News June 10, 2024 Cannabis Industry Evolves with Key Developments in Florida, Louisiana, New Hampshire, and New York. According to a Fox News poll, 66% of Floridians favor legalizing cannabis, surpassing the 60% threshold required for such measures toContinue Reading

The DEA plans to reclassify Cannabis. What does that mean? Image Cannabis News June 10, 2024 DEA’s Cannabis Reclassification to Schedule III: What It Means for Dispensaries and Industry Players. Recent rules proposed by the Drug Enforcement Administration aim to reclassify cannabis as a schedule III drug, raising an importantContinue Reading