The growing use of marijuana as an alternative to alcohol is putting “pressure” on the spirits industry, contributing to a decline in profits in recent years, the president of a major alcohol company with ancillary brands such as Jack Daniel’s and Woodford Reserve says. During an earnings call on Thursday, Brown-Forman Corporation CEO Lawson Whiting
US Lawmakers Aim to Close Hemp, THCA ‘Loophole’ in New Budget Proposal
Rep. Andy Harris chairs a subcommittee taking up an agriculture-related spending bill that would redefine hemp to prohibit intoxicating products. …
Review: Cannabis Preparations Reduce Symptoms in Patients With Anxiety-Related Disorders
Scientists concluded, “Across a range of anxiety-related disorders, most high-quality studies found that medicinal cannabis reduces anxiety symptoms.” The post Review: Cannabis Preparations Reduce Symptoms in Patients With Anxiety-Related Disorders appeared first on NORML.
Analysis: Legal Cannabis Markets Have Generated $25 Billion in State Tax Revenue
Cannabis sales generated the greatest amount of tax revenue in California (over $1B), followed by Illinois ($578M), Michigan ($524M), and Washington ($516M). The post Analysis: Legal Cannabis Markets Have Generated $25 Billion in State Tax […]
Nevada: Governor Signs Legislation Allowing Those With Prior Marijuana Convictions To Become Foster Parents
Nevada law previously disqualified anyone with a federal or state drug-related conviction from fostering children. The post Nevada: Governor Signs Legislation Allowing Those With Prior Marijuana Convictions To Become Foster Parents appeared first on NORML.
Alaska: District Court Judge Says State-Imposed Restrictions on Sale of Hemp-Derived Intoxicants Don’t Violate Federal Farm Act
The ruling determined that state-imposed restrictions limiting the sale of hemp-derived products solely to state-licensed cannabis dispensaries “are not preempted” by the 2018 Farm Act. The post Alaska: District Court Judge Says State-Imposed Restrictions on […]
TheraTrue Appoints Cannabis Industry Veteran Chris Ras as CEO
Ras has more than 20 years of experience leading operational and retail teams at Target Corp., Columbia Care and Deep Roots Harvest. …
Budr Cannabis Acquires 3 The Botanist Dispensaries in Connecticut
The multistate cannabis operator now owns seven retail facilities in Connecticut, including the three The Botanist stores from Acreage Holdings. …
NC Governor Suggests Regulating THC Like Alcohol, Orders Cannabis Task Force
Gov. Josh Stein wants to ‘bring order’ to North Carolina’s ‘most liberal’ THC market through an executive order establishing a cannabis advisory council. …
Belushi’s Farm Partners With Bloom, Brings Signature Strains to Ohio
Jim Belushi’s cannabis brand will be available at Bloom’s cannabis dispensaries in the Buckeye State. …
FLUENT Expands Indoor Cultivation Footprint in Florida
The cannabis company completed its first planting at its Rosa facility in Tampa, adding 9,200 square feet of indoor canopy. …
Vangst Acquires Se7en Staffing
The cannabis industry hiring platform is merging with the Missouri-based staffing agency in a national expansion effort. …
A Conversation on Commercial Cannabis Breeding
Breeding goes beyond simply crossing the two most popular cultivars and giving the offspring a catchy name. …
The Goods THC Launches Connecticut Cannabis Cultivation Facility
The social equity operator’s 32,000-square-foot facility in Hartford features seven flowering rooms, partnering with Cookies and Tyson 2.0. …
Ohio House Lawmakers Consider Bill to Eviscerate Voter-Approved Cannabis Law
The Senate-passed legislation would recriminalize certain aspects of legalization and eliminate the state’s social equity licenses and jobs program. …
Texas Governor Has 20 Days to Act on Bills to Expand Medical Cannabis, Ban Hemp THC
As the Legislature adjourns, the fate of the state’s medical cannabis and hemp laws rests with Gov. Greg Abbott’s pen. …
Trulieve Launches ‘Roll-Up for Justice’ Campaign to Support Mission [Green]
The cannabis company’s customers in five states can support the initiative by rounding up their purchases to the nearest dollar. …
TerrAscend’s Chief Financial Officer is Stepping Down
Keith Stauffer will resign next month, as the cannabis company transitions the CFO role in an interim capacity. …
Oregon Cannabis Companies No Longer Need Labor Peace Agreements to Renew Licenses
The state’s Liquor and Cannabis Commission announced the voter-approved requirement no longer applies after a conflicting federal court ruling. …
Cresco Labs Delivers $30 Million in Q1 Operating Cash Flow
The cannabis company also reported $166 million in first-quarter revenue with ‘flexibility and financial strength’ to start the year. …