The Justice Department and the U.S. Drug Enforcement Administration (DEA) announced on June 18 a 10-count superseding indictment, charging Los Angeles-based individuals linked to Mexico’s Sinaloa drug cartel with conspiring with money-laundering groups linked to a Chinese underground banking network in order to launder drug trafficking proceeds. Cartel members linked to Mexico used a Chinese… Keep Reading
Florida Republican Governor Ron DeSantis on Monday announced the establishment of a new political action committee to fund a campaign to defeat a ballot measure to legalize recreational marijuana in the state. Dubbed the Florida Freedom Fund, the new PAC will also raise money to help defeat a separate initiative to protect abortion rights that… Keep Reading
Cannabis advocate Les Crane was murdered nearly 20 years ago, and a newly announced documentary tells the story and analyzes who might have killed him. On November 18, 2005, multiple gunshots were heard in Crane’s home in Laytonville, California. At first it was called a home invasion, but over the past two decades, Crane’s closest… Keep Reading
The California Governor’s Office of Business and Economic Development (GO-Biz) announced a new batch of cannabis tax revenue community investments on May 31. This round’s grants for fiscal year 2023-2024, which was given to recipients from the California Community Reinvestment Grants program (CalCRG), includes 30 organizations and a total of $46.6 million. In order to be chosen… Keep Reading
The Japanese government announced on May 30 that it would officially begin accepting public comments about its cannabis reform bill. One of the proposed measures would potentially loosen restrictions for the use of processing CBD in food products. In February, the Japanese Ministry of Health, Labour, and Welfare (MHLW) published a proposal hinting changes to… Keep Reading
Cannabis stocks spiked immediately after President Joe Biden announced the reclassification of cannabis from a Schedule I to a Schedule III drug, endorsing the Justice Department’s recommendation. Biden posted a video on X at 1 p.m. May 16, declaring that the U.S. Department of Justice would indeed reclassify cannabis, and within hours, cannabis-related stocks began… Keep Reading
President Joe Biden announced that the U.S. Department of Justice will officially reschedule cannabis, moving it from Schedule I, reserved for dangerous drugs with no medical value, to Schedule III. The news follows the historic announcement on April 30, that the U.S. Drug Enforcement Administration (DEA), will move to reclassify cannabis under Schedule III, the… Keep Reading
New York Gov. Kathy Hochul last week announced a significant overhaul of the state’s Office of Cannabis Management, including a leadership change at the top of the agency. The governor’s office said in a press release on Friday that she had “directed an operational overhaul” of the agency, which “follows the release of a 30-day… Keep Reading
Regulators in Arizona announced this week that a cannabis establishment in the state has voluntarily recalled a certain product that may be contaminated with a fungus. The Arizona Department of Health Services said on Monday that a product known as Onion Bhaji was recalled “due to possible contamination with Aspergillus, a fungus that can cause… Keep Reading
A federally recognized tribe concentrated largely in the Great Lakes region announced last week that it will decriminalize cannabis. “The Ho-Chunk Nation recognizes that marijuana and its derivatives are natural growth plants with medicinal and industrial applications,” the tribe said in a statement, as quoted by the Milwaukee Journal Sentinel. “Indigenous people have used marijuana… Keep Reading
