States Collected More Than $3.7 Billion In Recreational Marijuana Tax Revenue In 2021, Report Finds
States that have legalized marijuana for adult use collectively generated more than $3.7 billion in tax revenue from recreational cannabis sales in 2021, a report from the Marijuana Policy Project (MPP) that was released on Wednesday found. That’s a 34 percent increase compared to revenue that states received from cannabisContinue Reading
Delaware Marijuana Legalization Effort Revived With Two-Track Approach Following House Defeat
The fight to legalize marijuana in Delaware this year isn’t over yet, with the sponsor of a reform bill that was defeated in the House last month introducing two new, complementary measures to enact the policy change. And importantly, this new legislative push seems to have at least tentative supportContinue Reading
Cannabis Investor Sees Strength in Numbers
In 2016, the NFL Players’ Association reported that the average career lasts 3.3 years. Of those players, 78% would lose all their career earnings within three years of leaving the league. Matthew Nordgren would play just two years as a backup quarterback, but he wouldn’t go broke post-retirement. Instead, asContinue Reading
Colorado Lawmakers Approve MDMA Bill While Rejecting Broader Psychedelics Measure As Ballot Initiatives Loom
A Colorado House committee on Tuesday approved a bill aligning state statute to legalize MDMA prescriptions if and when the federal government ultimately permits such use. Meanwhile, the House Public & Behavioral Health & Human Services Committee also rejected separate legislation to create a psychedelics review panel to study substancesContinue Reading
Schumer wants GOP cannabis bill input (Newsletter: April 6, 2022)
Fed drug official: Schedule I blocks psychedelic research; DC marijuana bill fails; Study: Hemp helps cows calm down; IL cannabis sales bounce back Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day.Continue Reading
D.C. Lawmakers Reject Bill To Effectively Legalize Marijuana Sales For Adults And Crack Down On ‘Gifting’ Market
Washington, D.C. lawmakers on Tuesday rejected a measure to effectively circumvent a congressional ban on locally legalizing adult-use marijuana sales by allowing adults 21 and older to “self-certify” themselves as medical cannabis patients without needing a doctor’s recommendation. The emergency resolution faced criticism from some advocates over separate provisions thatContinue Reading
Schumer Talking To GOP To ‘See What They Want’ In Marijuana Legalization Bill Coming This Month
Senate Majority Leader Chuck Schumer (D-NY) said on Tuesday that he and colleagues are in the process of reaching out to Republican senators to “see what they want” included in a bill to federally legalize marijuana he’s planning to introduce later this month. The leader was pressed during a briefingContinue Reading
Government Policy Makes Psychedelics Research ‘Extremely Hard,’ Top Federal Drug Official Says
Top federal drug officials are again making clear that the Schedule I status of substances like marijuana and certain psychedelics is inhibiting valuable research into their therapeutic potential. Over the course of a two-day event last week organized by the National Academies of Sciences, Engineering and Medicine that focused onContinue Reading
US House Approves Cannabis Decriminalization Bill
On April 1, the U.S. House of Representatives voted to decriminalize cannabis on the federal level with the passage of the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act. Lawmakers approved the legislation with a 220-204 vote, passed largely along party lines by the House’s Democratic majority. “This landmark legislation is oneContinue Reading
Feeding Cows Hemp Helps Them Chill Out, Federally Funded Study Finds
Compared to the control group, the hemp-munching steers spent more time lying down and had lower levels of stress hormones. By Suzanne Perez, Kansas News Service A new study suggests feeding cattle industrial hemp—a horticultural cousin of marijuana—reduces their stress levels and makes them lie down more. That could proveContinue Reading