September 15, 2022
Advocates win a lawsuit to remove cannabis from the Schedule 1 drug list
"After more than two decades of violating state law, the Nevada Board of Pharmacy must remove cannabis from a list of controlled substances deemed to be highly abused, a Clark County District Court judge ruled on Wednesday."
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September 15, 2022
Vermont issues first licenses for recreational cannabis retailers
"Vermont issued its first retail adult-use cannabis business licenses, with at least one store aiming to open Oct. 1."
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"Left Coast Extracts’ drive to expand continues beyond its product line, recently getting into the growing Nevada cannabis market. Although the market is nowhere near the size of California’s, with sales that hit short of $700 million for 2019-2020, Sin City’s well-known tourism industry makes it a unique market with high potential for cannabis sales."
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August 27, 2022
Organigram CEO speaks out on tobacco partnerships, excise taxes — and why pot companies are still struggling to turn a profit
"Investors have pinned their hopes on “green gold” turning a fortune ever since Canada legalized recreational cannabis in 2018. Unfortunately, the legal cannabis industry has been burned by volatile supply and sales issue, a plethora of confusing (and occasionally contradictory) regulations, and good old-fashioned hype."
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August 25, 2022
Curaleaf agrees to Oregon suspension, fine after marijuana production fiasco mixed up THC and CBD
"A Curaleaf bottling plant in Portland mixed up drops of THC, the psychoactive ingredient in marijuana, with CBD wellness drops. Made from hemp, CBD is widely available in grocery stores and doesn’t usually include the ingredient that gives users a high."
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August 24, 2022
Feds Issue First Refunds For Cannabis Products That Were ‘Deceptively Marketed’ To Consumers
"The Federal Trade Commission (FTC) said it will be sending a total of $21,000 to cover the costs of Kushly Industries LLC products that were “deceptively marketed” to 576 consumers. People will be refunded about $36 each."
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"Operation Lascar, with the United Kingdom (U.K.), is the U.S. Food and Drug Administration’s (FDA) first bilateral initiative focused on the movement of illicit FDA-regulated products."
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The tax revenue came from nearly $80 million customers spent on legal recreational marijuana between April 21 and June 30, the state Cannabis Regulatory Commission announced in a statement Friday. It includes more than $219,000 in social equity excise fees.
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New Zealand said on Sunday it is extending the duration of cuts in fuel excise tax, road user charges and public transport fares by five months until the end of January, as families struggle with higher living costs amid strong inflationary pressures.
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"New York regulators publicly identified the 52 allegedly illicit marijuana stores that were sent cease-and-desist letters earlier this year and reiterated how such shops undercut the state’s equity goals."
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