schedule III

BREAKING NEWS: DEA Issues Notice of Proposed Rulemaking to Move Marijuana to Schedule III

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 cannabis

Germany Legalizes Recreational Cannabis

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 cannabis

Arizona Cannabis Sales Go Beyond $1.4 Billion

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

jesse ventura cannabis

Former Minnesota Governor Jesse Ventura Starts Cannabis Brand

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

cannabis industry

Saving Oregon’s Cannabis Industry

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

cannabis industry

California’s Cannabis Industry Conundrum and the Road Ahead

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

missouri

Missouri Tops $1.3 Billion in First Year of Recreational Sales

With every election season that comes, it’s become almost inevitable that at least one or two more of the states will legalize cannabis for either fully recreational usage or at least medical reasons. Even if it was but a midterm election, the 2022 election season still resulted in two more states legalizing cannabis for recreational

cannabis banking

Cannabis Banking Today

We are helping build out another cannabis banking program here in Oregon. My law firm has done a series of these for credit unions (“CU”s) and other financial institutions (“FIs”) going back to 2014. We have also handled a good bit of hemp banking work– mostly in 2019 and 2020 before that industry cratered. In

florida

Florida Court Ponders Cannabis Legalization

On November 8, 2023, the Florida Supreme Court held oral arguments on the validity of a constitutional amendment initiative to legalize adult-use cannabis (case number SC2023-0682). The Florida Constitution requires the state’s Attorney General to request an advisory opinion from the Supreme Court on the validity of any ballot initiatives. Attorney General Ashley Moody has

new york cannabis licensing

New York Cannabis: License Number Estimates

During New York’s Cannabis Advisory Board’s meeting on September 26, 2023, the Office of Cannabis Management’s (OCM) Executive Director Christopher Alexander revealed that the OCM anticipated issuing “over a thousand, closer to 1,500 licenses” as part of the initial licensing window that is currently scheduled to open on October 4, 2023. As referenced in this