A new report on Massachusetts marijuana licensing cautioned against unchecked expansion in cannabis retail and cultivation in the state, as both sectors face oversupply risks. The analysis by Whitney Economics examined licensing data across the state’s supply chain – from cultivators and product manufacturers to retail stores. It aimed to …
The Daily Hit: May 16, 2024
The Daily Hit is a recap of the top financial news stories for Thursday, May 16, 2024. On the Site Biden announces ‘monumental’ shift to formally reschedule marijuana President Joe Biden on Thursday confirmed that the Drug Enforcement Administration will be pursuing a proposed rule to reschedule marijuana, calling the …
White House Endorses Marijuana Rescheduling Plan; Says Cannabis’ Placement as a Schedule I Substance “Just Doesn’t Add Up”
In a video message, the President called the proposed scheduling change “monumental.” The post White House Endorses Marijuana Rescheduling Plan; Says Cannabis’ Placement as a Schedule I Substance “Just Doesn’t Add Up” appeared first on NORML.
Biden announces ‘monumental’ shift to formally reschedule marijuana
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 …