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Florida Governor Launches PAC To Fund Campaign Against Legalizing Weed

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

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New Documentary Details Murder of Cannabis Advocate Les Crane

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

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Annual California Cannabis Tax Revenue Fund Grantees Awarded $46M

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

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Japan Government Opens Public Comment Period for Cannabis Reform

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

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MSO Stocks Soar After Biden Video Confirms Cannabis Is Moving to Schedule III

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

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President Biden Announces Federal Government Will Reschedule Cannabis in ‘Monumental’ Announcement

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

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New York Cannabis Director Steps Down Amid Major Agency Overhaul

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

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Cannabis Products Recalled in Arizona Over Possible Contamination

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

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Ho-Chunk Nation Decriminalizes Cannabis

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

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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,… Keep Reading

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