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2024 Farm Bill Amendment Would Ban Hemp-Derived THC Products

The U.S. House Committee on Agriculture recently released a 942-page draft of the 2024 Farm Bill, also called the Farm, Food, and National Security Act of 2024, on May 17. Currently the bill is projected to cost $1.5 trillion over a 10-year period. During a Farm Bill hearing on May 23, the committee passed an… Keep Reading

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New Assembly Bill in New York Seeks To Legalize Psilocybin Service Centers

New York legislation Assembly Bill 10375 was recently introduced by Assembly Health Committee Chair Amy Paulin and aims to legalize psilocybin service centers. If passed, the A10375 would amend public law “in relation to promoting the health and well-being of the citizens of the state of New York by establishing a comprehensive framework supporting public… Keep Reading

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Monitoring Weed’s Business Landscape

Make Way for Massachusetts The Massachusetts Cannabis Control Commission (CCC) recently shared that the state collected $1.8 billion in cannabis sales during 2023. The figure reflects a combined total of recreational cannabis sales ($1.56 billion) and medical cannabis sales ($225 million). That’s a significant increase between total sales from 2022, which landed at a total… Keep Reading

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DEA Report Reflects Average Potency of THC in Illegal Cannabis at 16%

The Drug Enforcement Administration (DEA) recently released a report on May 9 with details about its 2024 National Drug Threat Assessment (NDTA), which is dedicated to compiling data in relation to illegal drugs and trafficking trends within the U.S. DEA Administrator Anne Milgram introduced the report to warn of the many threats to public safety… Keep Reading

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Signatures for South Dakota Adult-Use Cannabis Initiative Submitted

Advocates in South Dakota recently turned in a batch of signatures to get their adult-use cannabis initiative on the ballot in November. South Dakotans for Better Marijuana Laws (SDBML) collected 29,030 signatures and submitted them on May 7, which was the deadline set by the Secretary of State Monae Johnson’s office. Out of that amount,… Keep Reading

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Harley-Davidson Pivots to Hemp in Electric Vehicle Division’s Sustainability Push

What’s the most unique aspect of the recently unveiled S2 Mulholland electric performance cruiser released by LiveWire, Harley-Davidson’s electric division? Some of its major components are made from hemp biocomposites—marking a first for the company as it shifts to a more sustainable approach. On March 20, LiveWire—Harley-Davidson’s electric vehicle (EV) division, which separated as a… Keep Reading

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