In case you haven’t heard, the Drug Enforcement Administration (DEA) wants to hear from you on marijuana rescheduling. Specifically, DEA invites your comments on its notice of proposed rulemaking (NPRM) to move both marijuana and marijuana extract from schedule I to schedule III of the federal Controlled Substances Act (CSA). The comment submission deadline is
As California continues to pioneer in the cannabis industry, a new trend is taking the scene by storm: cannabis consumption lounges. These lounges are becoming the ultimate hangout spots, and the latest buzz is about adding food and non-alcoholic drinks to the menu. Let’s dive into what’s happening with consumption lounges in California and how
Marijuana-specific controls in schedule III? The Drug Enforcement Administration (DEA) published its Notice of Proposed Rulemaking (“NOPR”) last week to much fanfare. The NOPR would reschedule marijuana, “marijuana extract” and “naturally derived delta-9 tetrahydrocannabinols” from schedule I to schedule III of the Controlled Substances Act (CSA). But that’s not all. In my very quick analysis
As the 2024 elections draw near, the economic impact of cannabis legalization will likely become a prominent topic in political discourse. With billions in total sales, and millions in tax revenue, the economic benefits of legal cannabis are clear. Beyond the monetary gains, there is a crucial aspect of the cannabis industry that should not
Today is another historic day in the history of cannabis control and regulation. In a much anticipated announcement, the Drug Enforcement Administration (DEA) issued a notice of proposed rulemaking to reschedule marijuana, from Controlled Substances Act (CSA) schedule I to schedule III (the “Proposed Rule”). We have covered the implications of a schedule III placement
Germany has legalized recreational cannabis Germany’s new laws legalize possession by adults of up to 25 grams (around 1 ounce) of cannabis for recreational use. It also allows for adults to grow up to three plants. Use is prohibited within 100 meters of the entrance to a playground or school. This part of the legislation
Arizona’s record-breaking cannabis market In the landscape of booming and busting cannabis markets, Arizona emerges as a standout success story. A naturally beautiful state that attracts a sizeable group of tourists every year, Arizona skyrocketed past $1 billion in total cannabis sales for 2023. Unlike its northern neighbor of Nevada, Arizona has exceeded $1 billion
Former Minnesota Governor and ex-professional wrestler Jesse Ventura is the latest celebrity to start a cannabis brand. Ventura served as Governor of the Land of 10,000 Lakes from 1999 to 2003. One could say that no other Governor serving during the late ’90’s or early 2000’s had quite the extensive background in variously different forms
Though the cannabis industry is one of America’s most lucrative new industries — with estimates that it will reach approximately $58 billion in sales by 2028 — the markets in several recreational states are suffering severe financial harm. In states like Oregon, the problems have gotten so out of hand that businesses are even pulling
Despite continuously surpassing every other state with recreational cannabis in terms of total retail sales, California’s cannabis industry has faced continuous and far-reaching issues on multiple levels that have only spread even further. From declining sales that result in hundreds of millions less in total retail sales to a massive illicit market that the state
