Rescheduling alone wouldn’t solve the marijuana industry’s banking problem
Marijuana rescheduling would alleviate certain burdens for regulated operators but would do little to address cannabis banking difficulties.
DEA still has doubts about marijuana rescheduling, GOP lawmakers claim
Two leading congressional Republicans wrote a letter to Biden administration officials expressing concern with the marijuana rescheduling process’ “unusual” circumstances and suggesting that the U.S. Drug Enforcement Administration has similar doubts.
Cannabis vape tech maker accused of illegal monopoly tactics
Illegal monopoly tactics and “abusive litigation” are how a Chinese company became the world’s largest maker of vaporizer devices in the cannabis industry, according to federal court filings.
Cannabis industry is heading in the right direction, business operators say
U.S. plant-touching cannabis businesses – such as cultivators, manufacturers and retailers – say the industry is heading in a better direction, even without the impending rescheduling of marijuana.
Washington state police implicate Chinese nationals in marijuana bust
Police in western Washington state have made arrests in an investigation into what the Tacoma Police Department described as “a major illegal marijuana grow operation by Chinese nationals.”
More than half of US hemp flower grown in California
California led the nation in hemp flower acreage and production in 2022, according to an MJBizDaily analysis of the recent Census of Agriculture report released by the U.S. Department of Agriculture. Alameda County, California, led all U.S. counties.
White couple at center of social equity lawsuits in multiple cannabis markets
Lawsuits by a white couple from California, Jeffrey and Justyna Jensen, have disrupted social equity programs in multiple cannabis markets.
