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 […]
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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 […]
Man in Minnesota Offers Free Grow Classes to the Public
A man in Minnesota is providing free growing and cannabis basics workshops—free to the public—to help people get a foot in the door of the industry. Minnesota allows home cultivation under its recently approved adult-use cannabis law, and residents are eager to see if they have a green thumb. Minnesota adults are allowed to grow […]
University of Utah Launches Medical Cannabis Center, Seeks DEA Approval
Researchers at the oldest college in Utah are opening a medical cannabis research center and seeking for a DEA-approved grow site in order to overcome some of the regulatory hurdles. On Nov. 21, the University of Utah announced the launch of the new center and its initiative. University of Utah Health, in partnership with the […]
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 […]
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 […]
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 […]
Wisconsin Lawmakers Push To Improve Veterans’ Access to Magic Mushrooms
The legislation, co-sponsored by Republican and Democratic lawmakers, would create “a new separate nonlapsible trust fund designated as the medicinal psilocybin treatment fund and establishes a pilot program to study the effects of medicinal psilocybin treatment on patients with post-traumatic stress syndrome (PTSD),” according to a summary of the bill. The bill would require the […]
U.S. Military Veterans Are Going to Mexico for Psychedelic Treatment
A recent report by CBS News highlighted this trend, noting that as “ many veterans with PTSD remain desperate for healing, a growing number are turning to psychedelic-assisted treatment in Mexico — using substances the government they fought for says are illegal.” “As I watched more of my teammates…more veterans start to take their own […]