Author: Eric Sheetz

Trade Group Offers Guidance To Marijuana Businesses On How To Find Banking Services Amid Federal Prohibition

With the congressional effort to remove federal restrictions on marijuana banking still ongoing, a coalition of financial institutions has released new guidance for cannabis businesses trying to secure banking services. While compliance can be onerous compared to banking for most businesses, the report published on Monday by the Cannabis Industry Financial Group (CFIG) says it’s […]

14 Enchanting Things to Do in New Mexico

Discover why they call New Mexico “The Land of Enchantment” with these activities that are geared more for smoker-friendly tourists seeking a magical adventure. Gov. Michelle Lujan Grisham signed legislation to legalize adult-use cannabis in New Mexico in 2021. Even though adult-use cannabis is legal in New Mexico, there are still laws in place regulating […]

Germany Eyes April 2024 for Cannabis Legalization

The Germany’s coalition government called the Traffic Light coalition, which combines individuals from the Social Democratic Party, Free Democratic Party, and The Greens, reportedly reached an agreement for cannabis regulation on Nov. 27. These recent discussions estimate that cannabis legalization could take effect starting on April 1, 2024, with social cannabis clubs potentially allowed to […]

More Than 10% of Older Americans Have Used Cannabis in the Last Year

After analyzing available survey data, researchers at the University of Michigan said that 12.1% of adults in the United States aged 50-80 reported using cannabis in the past year.  “Among those who reported cannabis use, 34.2% reported using cannabis products 4 or more days per week,” the researchers said. The researchers analyzed data extracted from […]

Green Wednesday Adult-Use Cannabis Surpassed $9 Million in Sales

The day before Thanksgiving, often referred to as “Green Wednesday” in the cannabis industry, saw a record number of sales once again. According to data collected by Jane Technologies, recreational sales on Nov. 22 reached $9,209,061.73—an 18.12% increase from Green Friday sales data in 2022, which landed at $7,795,803,80 last year. Adult-use cannabis sales on […]

New York Cannabis Regulators Reach Settlement in Lawsuit Blocking Dispensary Openings

New York’s cannabis regulatory agency on Monday announced that it has reached a settlement in two lawsuits that have been blocking the opening of retail weed dispensaries for months. The settlement sets the stage for more than 400 Conditional Adult-Use Retail Dispensary (CAURD) licensees to finally open their businesses after months of waiting for the […]