Georgia Governor Signs Bill Establishing Licensing Requirements To Grow Hemp
Georgia Governor Brian Kemp, a Republican, signed a legislative package on Tuesday, which his office described as “focused on supporting Georgia’s ever growing agricultural industry and improving security against foreign adversaries.” The package, per the governor’s office, “tackles ownership of agricultural land or land near military installations by certain individuals acting as an agent of…
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Cannabis Community, Investors React to DEA Decision To Reschedule
Cannabis advocates, executives and investors are celebrating the Drug Enforcement Administration’s reported decision this week to reclassify marijuana under federal drug laws, a development that spurred rejoicing from coast to coast and a spike in cannabis stock prices. The celebrations were tempered, however, by the reality that the decision falls short of the full marijuana…
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MedMen Files for Bankruptcy
On April 26, multi-state cannabis operator MedMen announced that it has filed for bankruptcy with the Canadian Bankruptcy and Insolvency Act, as of April 24. Recorded liabilities include approximately $561 million CAD, or $411 million USD. MedMen’s bankruptcy trustee B. Riley Farber Inc. was appointed to represent the company and manage outstanding business obligations (debt,…
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New Mexico Governor Calls Homeland Security Secretary’s Response to Pot Seizures ‘Inappropriate’
New Mexico Governor Michelle Lujan Grisham expressed frustration with Department of Homeland Security Secretary Alejandro Mayorkas in a recent phone call with an unidentified federal official, saying she was “offended” by his response to seizures of weed from licensed marijuana companies. At least a dozen seizures of regulated cannabis by Customs and Border Protection (CBP)…
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DMT Lab Discovered in Brentwood, California During Robbery Raid
Detectives in Walnut Creek, California investigated a man and woman suspected of robbing a liquor store, and stumbled on a fully-functioning DMT lab at their home nearby in Brentwood. Police say that some of the suspects allegedly used explosive materials in the presence of a child to extract and synthesize DMT. Danielle Kumerow, 42, and…
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Research Shows Some Rolling Papers Have High Levels of Heavy Metals
Many brands of rolling papers designed for smoking weed contain elevated levels of potentially dangerous heavy metals, according to the results of a recent study. Rolling papers with dies or metallic tips pose a particular danger, the research determined, with some brands containing enough copper to be harmful to cannabis consumers who use them frequently.…
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States with Adult-Use Pot Saw Decrease in Alcohol Use, No Increase in Teen Substance Abuse
Legislation to legalize adult-use cannabis, as well as an increase in retail sales in Canada and the U.S. did not lead to an overall increase in teen substance abuse, a team of researchers found. They also found that adult-use legislation led to a “modest decrease” in teen alcohol and e-cigarette use. The research was led…
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DEA Moves To Reclassify Cannabis Under Schedule III in Historic Move, Report Indicates
The U.S. Drug Enforcement Administration (DEA), under the Biden administration, will move to reclassify cannabis under Schedule III, meaning its medical benefits will be recognized by the federal government, the Associated Press first reported today. By all accounts, it’s a historic move by the DEA and the federal government as the plant was wrongly classified…
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Chronic Pot Use Has Minimal Effect on Motivation, Study Shows
We’re abundantly familiar with the stereotypes surrounding cannabis use that still prevail in today’s world, namely tropes embraced over the years in the media and among anti-reform advocates deeming that regular cannabis use makes people lazy and unproductive. As cannabis use is becoming increasingly more common, many regular consumers will attest that this broad assumption…
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Psychedelic Drug Market Poised to Hit $4.6B by 2030
A recent report shows a steady growth in the psychedelic drug market, however the report represents a much more conservative projection compared to past reports, which have blown that projection by almost three times as much by the same year. The Guardian and peer-reviewed journals call it the “Psychedelic Rennaisance.” The psychedelic drug market is…
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