Results for: Legalization

The US Department of Justice is defending the nationwide ban on cannabis, arguing that Congress has the authority to regulate marijuana under the Commerce Clause, despite its legalization in many states. This legal battle, which could potentially overturn the federal prohibition, is being spearheaded by Massachusetts-based retailer Canna Provisions Inc. and supported by companies like Verano Holdings. The case hinges on the Supreme Court’s 2005 decision in Gonzales v. Raich, which upheld federal prohibition. The plaintiffs, led by renowned attorney David Boies, contend that the widespread legalization of cannabis across states and changing federal enforcement policies necessitate a reexamination of the federal ban. This legal battle occurs concurrently with the Biden administration’s review of cannabis rescheduling, which is one of three potential paths toward federal legalization.

Tilray Brands CEO Irwin Simon believes the 2024 US presidential elections will bring positive regulatory changes for the cannabis industry regardless of the winner. Both candidates have expressed support for legalization, and Tilray is already seeing promising financial results with a 13% increase in revenue for the first quarter of fiscal 2025.

Herb hosted an exclusive dinner in Miami Beach with Rohan Marley’s cannabis brand, Lion Order, bringing together industry professionals to discuss Florida’s evolving role in the cannabis industry. The event, timed strategically ahead of the November vote on Amendment 3, emphasized the potential for Florida to become a leading cannabis hub and highlighted the importance of informed consumerism and quality cannabis access.

New York’s legal cannabis market is booming, generating nearly $654 million in sales, but the report highlights the struggles faced by social equity licensees who are struggling to secure funding and operate their dispensaries. Despite record sales, the industry faces challenges in promoting equitable access and navigating regulations.

Despite massive investment in the campaign for adult-use cannabis legalization, Florida’s cannabis market is showing signs of strain. While dispensary sales have softened in the third quarter of 2024, the number of dispensaries continues to rise. This raises questions about the market’s ability to support the anticipated boom if legalization passes.

The global cannabis seed market is poised for rapid growth, driven by legal changes worldwide that are increasing accessibility. With Germany and U.S. states leading the way in home cultivation, demand for seeds is soaring, benefiting European seed banks and U.S. growers alike.

As cannabis legalization gains momentum, the focus on medical marijuana, while crucial, sometimes gets overshadowed by recreational use. This article delves into the unique challenges and opportunities facing the medical cannabis sector, exploring the intersection of tax incentives, state-level regulations, and the growing competition between medical and adult-use dispensaries.

Laurie Parfitt, CEO of LKP Impact Consulting, provides insights into the potential impact of a Kamala Harris-Tim Walz presidency on the cannabis industry. While rescheduling cannabis is seen as a victory, concerns remain about the speed of full legalization. The industry awaits clarity on how federal policy will evolve, seeking a regulatory environment that allows businesses to thrive.

As Pennsylvania moves closer to legalizing recreational cannabis, Black Cannabis Week in Philadelphia is leading the charge for social equity in the burgeoning industry. This week-long event focuses on empowering Black and Latino entrepreneurs, advocating for legal reforms, and ensuring that the benefits of legalization reach communities disproportionately impacted by past marijuana laws.

Cannabis sales are booming in North Carolina’s first recreational marijuana dispensary, Great Smoky, located on the Qualla Boundary of the Eastern Band of Cherokee Indians. Meanwhile, multiple new cannabis dispensaries have opened in Florida, New York, Vermont, Illinois, Pennsylvania, Louisiana, and California, highlighting the growing legalization and accessibility of cannabis across the United States.