“Although Congress has failed to amend federal cannabis laws to explicitly recognize state-legal cannabis markets, the attitudes and priorities of federal law enforcement agents and prosecutors have clearly shifted in a manner that reflects their reality. Now it’s time for Congress to do so by repealing the failed policy of federal marijuana prohibition.” The post
Vireo Growth updates acquisition plans – but one company appears to be missing
Vireo Growth (CSE: VREO) (OTCQX: VREOF) told investors in December that it planned to acquire four companies across the U.S.: Proper Brands in Missouri, Deep Roots Harvest in Nevada, WholesomeCo Cannabis in Utah and The Flowery (Bill’s Nursery) in Florida. But last week, when the company provided an update on… …
Report: 38% Oklahoma cannabis market contraction as of July
The Oklahoma medical marijuana market contracted by about 38% over a 12-month period from July 2023 to last summer, according to a newly released state report. The statistics were shared by the Oklahoma Medical Marijuana Authority (OMMA) in an update report filed with the state legislature, which stated that the …
New Mexico could become the third state to legalize psilocybin
New Mexico could become the third state in the country to legalize access to psilocybin if the Governor signs the proposed legislation. S.B. 219 also known as the Medical Psilocybin Act was approved with bipartisan veto-proof majorities in both chambers of the state Legislature. According to Law360, the New Mexico …