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U.S. President Joe Biden briefly mentioned marijuana reform during last week’s State of the Union address, lifting industry hopes that cannabis rescheduling is on the horizon.
In its fourth quarter and full year 2023 results, the company revealed it had received $62 million just in the fourth quarter, alongside one rejection notice in the amount of $1.2 million.
By providing a cannabis grower and seller with previously forbidden bankruptcy protection, the Hacienda opinion strengthens the cannabis industry by arming it with a critical business tool, Steve Schain writes.
As negotiations commence in the new year, 33 non-profit organizations representing the hemp industry have identified seven objectives for the next U.S. Farm Bill.
Mirroring legalized cannabis delta-9-THC's effects, delta-8-THC requires no license, is readily available, and is cutting into legalized cannabis’ revenue despite growing state illegality, confusion over federal legality, and concerns regarding these products’ safety and potency, Steve Schain writes.
The bill, which extends farm programs and food assistance, gives lawmakers until Sept. 30, 2024 to develop new legislation that hemp industry members hope address several concerns.
U.S. multi-state operators reported strong results for the third quarter of 2023, citing the launch of adult-use cannabis sales in Maryland and Connecticut.