Month: June 2024 (Page 29)

Cannabis stocks jumped after reports Biden will re-classify the drug — but is now the right time? Image Cannabis News June 5, 2024 Cannabis stocks jumped in late April after the Biden Administration announced its intention to reclassify cannabis as a less dangerous drug. This change would remove marijuana fromContinue Reading

South Dakota to Vote on Cannabis Legalization for 3rd Time Image Cannabis News June 5, 2024 Adult-use cannabis legalization is set to go to the ballot box for the third time in South Dakota this November. Earlier this week, Monae Johnson, the Secretary of State, waved through a measure thatContinue Reading

Government prepares to ease federal restrictions on Marijuana Image Cannabis News June 5, 2024 Justice Department begins process to reclassify drug from Schedule I to Schedule III. Nearly three decades after California became the first state to legalize marijuana, the U.S. Department of Justice (DOJ) announced its intent to easeContinue Reading

Traffic stop on Georgia interstate leads to seizure of nearly $1 million in Marijuana Image Cannabis News June 5, 2024 The vehicle was searched and Georgia deputies say they discovered 453 pounds of marijuana contained in shrink wrapped bags. Authorities estimate nearly $1 million worth of marijuana was seized followingContinue Reading

Minnesota Regulators Destroy $278,000 Worth of Cannabis Flower Image Cannabis News June 5, 2024 More than 12,000 cannabis products worth nearly $300,000 have been seized and destroyed by Minnesota regulators. Cannabis regulators in Minnesota have destroyed cannabis products with a value of nearly $300,000, according to a report in localContinue Reading

Colorado Cannabis Gets A Boost As 3 Operators Land $550K In Credit Lines Image Cannabis News June 5, 2024 Safe Harbor Financial Launches Small Business Line of Credit Program for Cannabis Industry. SHF Holdings, Inc., doing business as Safe Harbor Financial — a facilitator of financial services and credit solutionsContinue Reading

Daily Cannabis use in US rose 15-fold in thirty years Image Cannabis News June 5, 2024 Self-reported regular cannabis use rose 15-fold in the US over thirty years, recent data has shown. Based on figures from the National Survey on Drug Use and Health, the study found that self-reported dailyContinue Reading

Annual California Cannabis Tax Revenue Fund Grantees Awarded $46M Image Cannabis News June 5, 2024 The program has been running for multiple years now and the grant amount is being split between 30 different organizations. The California Governor’s Office of Business and Economic Development (GO-Biz) announced a new batch ofContinue Reading