President Joe Biden on Thursday confirmed that the Drug Enforcement Administration will be pursuing a proposed rule to reschedule marijuana, calling the move “monumental” in a video posted to social media. “Today, my administration took a major step to reclassify marijuana from a Schedule I drug to a Schedule III …
Washington D.C. cannabis gray market transition, crackdown continuing
An ongoing expansion of the Washington, D.C. medical marijuana market that’s intended to legitimize many of the district’s longstanding “gifting” operators is still very much underway, along with a parallel crackdown on gray market marijuana shops that have not made any attempt to obtain city business licenses. The crackdown began …
cbdMD loss widens as sales slump in the second quarter
North Carolina-based cbdMD Inc. (NYSE: YCBD) reported a wider loss for its fiscal second quarter ending March 31, as sales slumped and the company recorded certain one-time charges. The hemp company posted a net loss of $4 million, or $1.35 per share, versus a loss of $2.3 million, or $1.74 …
Analysis: Adult-Use Cannabis Markets Generate Over $20 Billion in State Tax Revenue
Retail cannabis sales generated the greatest amount of tax revenue in California, followed by Illinois, Washington, and Michigan. The post Analysis: Adult-Use Cannabis Markets Generate Over $20 Billion in State Tax Revenue appeared first on […]