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Patchwork Regulation of CBD Products Continues Despite Rise in Demand – Cannabis Business Executive – Cannabis and Marijuana industry news

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April 24, 2024

By Courtney A. Hunter and Jessalyn H. Zeigler Demand for cannabidiol (CBD) products continues to climb, and the market has risen to the occasion. There is now a robust array…By Courtney A. Hunter and Jessalyn H. Zeigler Demand for cannabidiol (CBD) products continues to climb, and the market has risen to the occasion. There is now a robust array… Read More

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Yonkers’ first legal recreational weed dispensary set to open
by Finn Hoogensen on May 9, 2024
YONKERS, N.Y. (PIX11) – The first legal recreational weed dispensary in Yonkers is set to open on Thursday. The Plant is opening at 2595 Central Park Ave. The dispensary will be open Monday through…
Despite security, Blasdell marijuana shop owner says burglars stole $389,000 in product from vault
by Buffalo News on May 9, 2024
Whoever stole the pot on Feb. 23 was able to get through several locked doors, disable two security camera systems and use a numerical code to open the vault at the 716 Cannabis shop on Electric Avenue, according to co-owner John Duncan.
35 dispensaries seeking to open in New Buffalo Township at Indiana state line in cannabis gold rush, new high for Michigan
by nwitimes.com on May 9, 2024
Northwest Indiana may get a contact high from the 35 dispensaries seeking to open in New Buffalo Township just across the state line.
San Francisco cannabis dispensaries struggling as they continue to compete with illegal market
by Kenny Choi on May 8, 2024
Forty applicants vying for Shenandoah medical marijuana license
by Virginia Business on May 7, 2024
Forty complete applications were received for conditional permits to operate as the state’s sole licensed pharmaceutical processor of medical cannabis for a region including the Shenandoah Valley, as well as…
Yonkers First Legal Marijuana Dispensary to Open May 9
by Yonkers Times on May 7, 2024
The Plant to Open at 2595 Central Park Avenue By Dan Murphy Westchester County is home to more than 1,000,000 residents, yet its adult population still has very limited access to tested cannabis products from licensed stores. That will soon change when The Plant officially opens in Yonkers on May 9, and become Yonkers first legal marijuana
NJ cannabis sales hit new high, with more legal dispensaries open
by New Jersey 101.5 on May 3, 2024
Legal cannabis sales were brisk in the first quarter of 2024, with 130 dispensaries now open for recreational sales in NJ.
Arkansas revokes medical cannabis dispensary license for first time
by Kate Robertson on May 3, 2024
The Arkansas Alcoholic Beverage Control Division has revoked a medical cannabis dispensary license for the first time.
Vineyard marijuana dispensary to close - The Martha's Vineyard Times
by The Martha's Vineyard Times on May 3, 2024
Fine Fettle, a medical and recreational dispensary in West Tisbury — as well as the Island’s only licensed growing facility — announced that it will be closing in September. Benjamin Zachs, chief operating officer of the Connecticut-based company, has said that because of the difficulties of hosting a dispensary on an island, and with cheaper
Local cannabis dispensary says marijuana rescheduling is good for business
by KOBI-TV NBC5 / KOTI-TV NBC2 on May 3, 2024
MEDFORD, Ore. – A Medford cannabis dispensary owner says the rescheduling of marijuana would be great for his industry. As NBC5 News reported earlier this week, the Biden Administration plans to announce an interim rule reclassifying the drug from its current Schedule I to the much less stringent Schedule III. Since the enactment of the
Selling Over 1800 Expired Cannabis Products Cost This Arkansas Dispensary Its License, Owner Plans To Appeal
by Jelena Martinovic on May 3, 2024
An Arkansas medical dispensary lost its right to sell cannabis following the Alcoholic Beverage Control Division's decision to revoke its licenses.Hot Springs-based Green Springs Medical Marijuana Dispensary, owned by Dragan Vicentic, has allegedly been selling expired products."The revocation is the result of ongoing violations, most recently for selling more than 1,800 expired products," ABC's news release states. "ABC enforcement agents conducted an undercover purchase of expired products in October 2023 following a verbal warning regarding these products."
7 Best Marijuana Stocks to Buy in 2024
by Matt Whittaker,Rachel McVearry on May 3, 2024
The state-legal cannabis industry welcomed news this week that the U.S. Drug Enforcement Administration plans to reschedule marijuana as a less-dangerous drug. If that does indeed happen, the move would open up lucrative tax deductions and credits enjoyed by federally legal businesses. But ...
Purple Lotus cannabis dispensary draws customers to downtown San Jose
by George Avalos on May 3, 2024
A cannabis dispensary has opened its doors in downtown San Jose.
Spa City pot dispensary loses license
by arkansasonline on May 3, 2024
HOT SPRINGS -- Green Springs Medical of Hot Springs has become the state's first medical marijuana dispensary to have its license revoked.
Arkansas ABC revokes Hot Springs medical marijuana dispensary's license
by Arkansas Advocate on May 2, 2024
The dispensary owner said he will appeal the revocation to the ABC board. The appeal will allow business to continue until the matter is resolved.
The DEA Plans to Reschedule Marijuana: What Happens Next?
by Kelli Whitlock Burton on May 2, 2024
The DEA's plan to reschedule marijuana from a Schedule I controlled substance to Schedule III was expected. But what does it mean for clinicians and patients?
What marijuana reclassification means for the United States
by Associated Press,Jennifer Peltz, Lindsay Whitehurst on May 1, 2024
The proposal would move marijuana from the “Schedule I” group to the less tightly regulated “Schedule III."
Biden administration plans to reclassify marijuana. What does that mean for North Carolina?
by Taylor Shook on May 1, 2024
The Biden administration's historic move would reclassify marijuana, but what would that look like in NC, where lawmakers haven't legalized medical pot?
Marijuana could be reclassified in U.S. as less dangerous
by Josh Wingrove,Tiffany Kary,Riley Griffin on May 1, 2024
The rumored move would ease access to cannabis for patients and researchers studying its medical applications without decriminalizing it.
New era for pot regulation leaves old problem: Many cannabis companies can't find a bank
by MICHAEL R. BLOOD on May 1, 2024
The Biden administration’s move to reclassify marijuana as a less dangerous but still controlled drug was hailed as a monumental step in reshaping national policy.

The Daily Hit: May 9, 2024
by Staff on May 9, 2024 at 10:37 pm
News from: TILT Holdings, Ohio, The Cannabist Co., Trulieve Cannabis Corp., and more. The post The Daily Hit: May 9, 2024 appeared first on Green Market Report.
Planet 13 reports $6M loss in first quarter, preps for Florida expansion
by John Schroyer on May 9, 2024 at 10:16 pm
The company said it is expanding its "neighborhood store network" to create a national brand. The post Planet 13 reports $6M loss in first quarter, preps for Florida expansion appeared first on Green Market Report.
South Dakota marijuana legalization campaign submits signatures to state
by John Schroyer on May 9, 2024 at 9:38 pm
Only 17,508 valid signatures are needed, so chances are good the measure will go to the voters. The post South Dakota marijuana legalization campaign submits signatures to state appeared first on Green Market Report.
TerrAscend’s first-quarter revenue grows as losses narrow
by Adam Jackson on May 9, 2024 at 9:23 pm
Topline growth was partially offset by retail declines in New Jersey and Michigan. The post TerrAscend’s first-quarter revenue grows as losses narrow appeared first on Green Market Report.
Jushi loses $18 million for second quarter in a row
by John Schroyer on May 9, 2024 at 9:15 pm
Jushi's CEO cited "seasonal factors" as a driver of the negative quarterly results. The post Jushi loses $18 million for second quarter in a row appeared first on Green Market Report.
Leafly cuts costs but still reports $2.4M loss in first quarter
by John Schroyer on May 9, 2024 at 9:03 pm
Revenue was also down year-over-year, falling roughly 20% to $9 million from $11.2 million. The post Leafly cuts costs but still reports $2.4M loss in first quarter appeared first on Green Market Report.
Curaleaf’s first quarter loss dips as revenue gains
by Adam Jackson on May 9, 2024 at 8:38 pm
The company said it posted net income of $48.3 million, an 11% decline from last year's first quarter. The post Curaleaf’s first quarter loss dips as revenue gains appeared first on Green Market Report.
Tilt Holdings lands $10.5M for Pennsylvania build-out
by John Schroyer on May 9, 2024 at 4:38 pm
TILT said that the money came from "an experienced retailer and operator." The post Tilt Holdings lands $10.5M for Pennsylvania build-out appeared first on Green Market Report.
FDA to weigh safety, impact of MDMA therapy for PTSD at June meeting
by Adam Jackson on May 9, 2024 at 4:21 pm
The notice said "overall benefit-risk profile" as well as its "potential public health impact" will be the focus of the session. The post FDA to weigh safety, impact of MDMA therapy for PTSD at June meeting appeared first on Green Market Report.
What Ohio can expect from the DEA’s proposal to reschedule marijuana
by Staff on May 9, 2024 at 4:05 pm
Marijuana policy expert Tom Haren provides insight into what rescheduling could mean for the country’s blossoming legal cannabis industry. The post What Ohio can expect from the DEA’s proposal to reschedule marijuana appeared first on Green Market Report.
Verano Opens MÜV Haines City, Company’s 75th Florida Dispensary
on May 9, 2024 at 11:10 am
The multistate cannabis operator now has 140 cannabis retail locations nationwide.
Ascend Wellness Holdings Reports $142.4M Net Revenue for Q1 2024
on May 9, 2024 at 11:06 am
The multistate cannabis operator's net revenue, which excludes intercompany sales of wholesale products, increased nearly 25% year-over-year.
Trulieve Reports $298M in Revenue for 1st Quarter 2024
on May 9, 2024 at 11:03 am
The Florida-based multistate operator opened three new dispensaries and attributed 4% revenue growth to higher retail traffic and average basket sizes.
SNDL Reports 1st Quarter 2024 Financial, Operational Results
on May 9, 2024 at 10:32 am
The company had CA$198 million in net revenue for the three-month period as well as a record profit margin.
Senator Cory Booker Visits Sacramento Cannabis Giant Amid Decriminalization Push
by Patrick Maravelias on May 9, 2024 at 10:00 am
One of Congress’ biggest advocates for legal cannabis came to the California Capitol this week to get up close and personal with thousands of cannabis plants, plant-touching employees and some of the state’s top industry players to reinforce his dedication to ending federal marijuana prohibition. The post Senator Cory Booker Visits Sacramento Cannabis Giant Amid Decriminalization Push first appeared on High Times.
Signatures for South Dakota Adult-Use Cannabis Initiative Submitted
by Nicole Potter on May 9, 2024 at 10:00 am
Now the Secretary of State must validate the signatures by August for the initiative to appear on the November ballot. The post Signatures for South Dakota Adult-Use Cannabis Initiative Submitted first appeared on High Times.
Illinois Hemp Operators Call For Regulation Instead of Prohibition
by A.J. Herrington on May 9, 2024 at 10:00 am
Hemp industry advocates in Illinois have thrown their support behind a bill to regulate intoxicating hemp-derived cannabinoids while opposing a separate measure that would ban products containing such compounds, including delta-8 THC. The post Illinois Hemp Operators Call For Regulation Instead of Prohibition first appeared on High Times.
Pakistan Creates Regulation Agency To Manage Medical Cannabis Program
by Nicole Potter on May 9, 2024 at 10:00 am
The country has an estimated 70,000 acres of land that can be used for legal cultivation. The post Pakistan Creates Regulation Agency To Manage Medical Cannabis Program first appeared on High Times.
Ellen’s Bud Break: The Purple & Blue Pigments of Pot
by Ellen Holland on May 9, 2024 at 10:00 am
Anthocyanins contribute to the colors and the healing properties of weed. The post Ellen’s Bud Break: The Purple & Blue Pigments of Pot first appeared on High Times.
Leading Cannabis Brand STIIIZY Expands Retail Presence With Fresno Location Opening Saturday, May 11
on May 9, 2024 at 9:58 am
The company's new Fresno, Ca., retail location will be the 34th retail location for the cannabis brand.
The Cannabist Co. Reports 1st Quarter 2024 Results
on May 9, 2024 at 9:50 am
The multistate cannabis operator ended the three-month period with $122.6 million in revenue with a gross profit of $42.5 million.
Green Thumb Reports $276M Revenue for 1st Quarter 2024
on May 9, 2024 at 9:17 am
The multistate cannabis company also reported more than $80 million in cash flow from operations and $31 million in net income for the quarter.
Best Delta 9 Gummies in 2024: Unveiling the World of THC Edibles
by Sponsored on May 8, 2024 at 6:04 pm
Are you looking for the best Delta 9 gummies? Many products are available, but this detailed article reviews the top selection to provide a guide. The post Best Delta 9 Gummies in 2024: Unveiling the World of THC Edibles first appeared on High Times.
Colorado Legislature Gives Final Approval to Measure Aimed at Streamlining Marijuana Regulations
on May 8, 2024 at 4:38 pm
A bipartisan bill aimed at streamlining the state’s marijuana regulations, including allowing licensed cannabis operators to export and import genetic material to and from authorized individuals or entities in other states or countries, is headed to Gov. Jared Polis for his signature.
South Dakota Group Submits 29K Signatures for 2024 Adult-Use Cannabis Legalization Measure
on May 8, 2024 at 12:58 pm
South Dakotans for Better Marijuana Laws hope three times is the charm in their efforts for state reform.

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Cannabis Extracts Reduce Disease Burden In Chronic Pain Patients
by NORML on May 9, 2024
Reduced pain intensity, opioid use, anxiety, depression, and sleep deprivation
Cannabis REIT NewLake's Q1 2024 Revenue Grows 10.4% Hitting $12.6M, CEO Is Optimistic About Possible Marijuana Rescheduling - NewLake Capital Partners (OTC:NLCP)
by Patricio Liddle on May 9, 2024
Explore NewLake Capital's Q1 earnings surge! Discover key financial highlights, operational moves and CEO's insights in the cannabis industry.
US Senate Leaders Reintroduce Bill Repealing Federal Marijuana Prohibition
by NORML on May 9, 2024
The Cannabis Administration and Opportunity Act (CAOA)
Ontario to allow exclusive cannabis products at farm-gate stores
by Kate Robertson on May 9, 2024
The Ontario Cannabis Store will allow farmgate stores to stock exclusive marijuana products that aren't available at other retailers.
Adams launches ‘Operation Padlock’ to shut down unlicensed smoke, cannabis shops
by Nelson A. King on May 9, 2024
“Operation Padlock to Protect” kicks off against businesses unlawfully selling cannabis.
Man Arrested Twice In 6 Days For Illegally Selling Cannabis In Hauppauge: SCPD
by Michael DeSantis on May 9, 2024
The man was accused of selling cannabis products without a license and selling cannabis products to a minor, police say.
THC Detected In Breast Milk More Than 12 Hours After Cannabis Use
by Benjamin Taub on May 9, 2024
"Breastfeeding parents need to be aware that if they use cannabis, their infants are likely consuming cannabinoids".
Meet The Power Duo Behind Award-Winning Weed Brand Team Elite Genetics
by Lindsey Bartlett on May 9, 2024
California cannabis brand Team Elite Genetics was founded by Steve and Jade Castillo 18 years ago. "You have to really care about the end product," says Jade.

Patchwork Regulation of CBD Products Continues Despite Rise in Demand – Cannabis Business Executive – Cannabis and Marijuana industry news

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