The Biden Administration’s Drug Enforcement Administration reminded members of Congress this week that despite last year’s rescheduling recommendation, it retains “final authority” on where cannabis will be placed on the list of controlled substances. The agency was responding to a request from lawmakers for information on the current rescheduling process. …
Tag: Investing
New Mexico Sets Another Monthly Marijuana Sales Record in December
New Mexico, like many other relatively new cannabis markets, is still developing more demand while sales continue to climb regularly. Last month the state hit yet another high water mark at $50.4 million in total cannabis sales. That includes $37.4 million in adult-use cannabis goods – a new record for …
Biden Approves Funding for Psychedelic Drug Research for Military Members
President Joe Biden signed off on a new defense bill that includes provisions for funding clinical trials on the therapeutic potential of psychedelic drugs for active-duty military personnel. The president approved 2024’s National Defense Authorization Act on Dec. 22, a week after Congress green lit the package and sent it …
New Mexico Revokes Two Cultivation Licenses, Fines Each $1M Apiece
New Mexico marijuana regulators took their most strident enforcement actions to date against rule breaking cannabis businesses, by revoking the grow permits of two cultivation facilities and fining each $1 million apiece. Both of the farms, located within miles of each other in rural Torrance County, were found repeatedly to …