Ohio’s Recreational Marijuana Market: Taking Off, But Michigan Still Leads the Way

Ohio’s recreational marijuana market is thriving, with sales reaching $76.3 million since August. However, despite strong initial sales, Michigan’s established market continues to dominate, with sales exceeding $295.4 million in August. This disparity is attributed to lower prices in Michigan, driving Ohio residents across the border for their cannabis needs. While Ohio’s industry shows promise, competition will likely intensify as more licenses are issued for growers and processors, potentially leading to more competitive pricing.

Top Democrats Urge DEA to Expedite Cannabis Rescheduling

Leading Democrats in the House are calling on the DEA to swiftly reschedule cannabis from Schedule I to Schedule III, following recommendations from the Biden administration. They argue that cannabis has a lower abuse potential than other drugs and is medically beneficial. The lawmakers also urge further reform, including potential descheduling, aligning cannabis policy with scientific advancements.

Cannabis Sales Soar in North Carolina’s First Legal Dispensary, While Other States See New Store Openings

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.

Thailand Tightens Cannabis Regulations With New Bill

Thailand’s new cannabis bill aims to regulate the booming marijuana industry, shifting focus towards medical and health-related uses. This move follows the country’s 2022 decriminalization, making it the first in Asia to take such action. The bill proposes stricter regulations for growers, sellers, and related businesses while also allowing for medicinal and research uses, with penalties for recreational use.

Marijuana Reclassification: A Game Changer for Pre-Roll Businesses

The potential reclassification of marijuana from a Schedule I to a Schedule III drug could significantly impact the pre-roll industry. This article explores the potential benefits of reclassification, including reduced tax burdens, increased access to banking, and opportunities for research and development. It also highlights the importance of preparing for increased competition and strategizing for future success.

Texas Embraces Cannabis Reform: New Polls Show Growing Support for Decriminalization

A new poll reveals a significant shift in Texan attitudes towards marijuana, with a majority favoring decriminalization. The poll, conducted by the University of Texas/Texas Politics Project, found that 68% of Texans, including a majority of Republicans, support reducing penalties for cannabis possession or use to a citation and fine. This trend mirrors a growing movement across the state, with several cities adopting decriminalization policies and activists pushing for ballot measures.

Trump’s Cannabis Comments Spark Market Volatility: Stocks Rise and Fall

Former President Donald Trump’s recent support for cannabis legalization in Florida has sent ripples through the cannabis market, causing a mixed reaction among cannabis stocks. While some companies saw gains, reflecting optimism about potential federal changes, others experienced significant drops. This comes as Florida prepares for a November vote on a recreational cannabis initiative, which could significantly impact the industry.

Biden Administration’s Marijuana Rescheduling: A Dangerous Political Gambit

The Biden administration’s attempt to reschedule marijuana from a Schedule I drug is driven by politics, not science. Despite the DEA’s objections and the lack of scientific evidence supporting its medical use, the administration is pushing forward, ignoring the risks of addiction, mental health issues, and the potential for increased drug abuse. This move is not only a threat to public health but also a dangerous precedent for prioritizing political gain over scientific evidence and the rule of law.

Scroll to Top