June 13, 2022
White House takes new look at federal gas tax holiday
"The White House is showing signs that it is more seriously considering a federal gas tax holiday, sources tell The Hill. President Biden's economic team has discussed the gas tax holiday recently and is expected to meet later this week for further talks. The White House is under political pressure to do something to provide relief to Americans dealing with high inflation and rising gas prices. The economic storm has created serious headwinds for Democrats ahead of the midterms, where the party is worried about a shellacking."
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"In the case of AK Futures LLC v. Boyd Street Distro, LLC, the Court held that AK Futures’ possession and sale of delta-8 THC products are permitted under federal law, meaning its brand used in connection with these products may be entitled to federal trademark protection."
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"North Carolina’s state Senate on Thursday gave its initial approval to a restrictive, limited-license medical marijuana bill by an overwhelming vote of 35-10, moving that state a step closer to becoming the 40th in the country to legalize MMJ. The strong support came despite concerns by activists and one of the senators that the state’s homegrown hemp growers, processors and retailers could be shut out and threatened financially by the medical cannabis industry."
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June 2, 2022
Analyst estimates U.S. illicit cannabis market valued at about $100 bln, but may give way to legal sales
"The value of the U.S. illicit cannabis market is about $100 billion, but may dwindle over time as legal sales to adults gain traction in California and other states, Matt Karnes of GreenWave advisers said in a research note published this week. After reviewing government data on cannabis confiscations by state and federal agencies, Karnes said illicit cannabis sales growth ""seemingly outpaced that of the legal market post pandemic and is much greater than we originally assumed."""
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"With the increasing demand for legal cannabis and heightened participation of various states, the need for comprehensive and rigorous testing solutions has now become vital. Considering a lot of individuals use cannabis products for medical purposes, they should have to worry about falling ill from consuming pathogenic infested cannabis products."
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"Rhode Island has become the newest state to legalize adult-use marijuana. Following a majority vote of legislators in both the state's House of Representatives and Senate, the marijuana legalization bill was signed Wednesday afternoon by Governor Dan McKee. As expected, based on his previous vocal support for legalization, Gov. McKee signed the measure into law. As a result, Rhode Island, the smallest state in the U.S., has become the 19th to have a legal recreational market."
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May 24, 2022
Colorado expands recall for tainted marijuana flower
"Colorado regulators expanded a product recall for marijuana flower produced by a vertically integrated business in Boulder. Because of testing issues, the Colorado Marijuana Enforcement Division (MED) said March 18 that it’s unsafe to consume Fresh Baked cannabis produced before Feb. 25, 2022."
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May 24, 2022
OMMA recalls 99 medical marijuana products after allegations of life-threatening contaminants found at testing lab
"The Oklahoma Medical Marijuana Authority has recalled some products because of testing violations. The department completed several inspections at Scale Laboratories in Oklahoma City and realized that the testing lab did not accurately report results."
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"California Gov. Gavin Newsom’s new budget priorities include a proposal to eliminate the state’s cannabis cultivation tax, offering licensed marijuana growers relief from high costs that insiders say are threatening the viability of the regulated pot industry. Newsom unveiled his budget for the 2022-2023 fiscal year on Friday, showing a record surplus of nearly $100 billion for the state’s coffers."
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"Two-thirds of Americans want recreational marijuana use to be legal under federal law and in their own state. As more states move to legalize marijuana, most people say they wouldn't mind if a licensed marijuana business opened in their neighborhood. "
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