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                               Cannabis News 

                            Click image for story!

Great news the Department of Health and Services recommended rescheduling marijuana from a scheduled I drug to a schedule III.  This could be the beginning of a new chapter for the cannabis industry. 

 

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Is it time to buy into the cannabis industry?  With a US recession all but certain the pressures on Washington to alleviate the downturn will mount.  The cannabis industry is a quick source of job growth.   As the recession worsens Washington will have to act and this could cause Washighton to pass SAFE Banking.  As well as States to take action to promotejob growth by lowering tax rates & look for new ways to reduce the black market.

 

 

With this current Banking Crisis passing the SAFE Banking Act would

help the banks capital reserve requirements.  This would be a good time

to get the ball rolling towards passing SAFE Banking.  Contacting your

Senator and Congressional representatives would help the process.  

 

04/06/2023

 

Chuck Schumer to speak on

420 about marijuana.

4/4/2023

 

Marijuana sales slow in all but one, Michigan, of 11 States.  


03/20/2023

 

Oregon Cannabis industry struggles

as supply is higher then demand. 
 

3/16/2023

Cresco Labs earnings & CC came out today showing 2023 will continue

to be difficult year but future is promising.

 

03/15/2023

 

Germany getting closer to legalizing

marijuana as they get positive feedback 

from the EU.

 

 

03/13/2023

 

On the lighter side of cannabis the

International Church of Cannabis is

being asked to remove an oversized

sculpture by the city.

 

03/08/2023

 

Cresco Labs extents footprint

with 2 new Sunnyside Dispensaries

in Florida, Palm Harbor & Lake Worth FL).

 

03/08/2023

61.7% of voters in Oaklahoma

voted against regreational marijuana.

 

 

 

03/07/2023

 

How do Americans feel about

marijuana?  Gallup has surveyed

Americans and measured 5 significant 

pieces of data refecting people's views.

 

 

03/07/2023

 

Marijuana has promise for

helping people to sleep.

03/03/2023

Cresco Labs opens 61st dispensary

in Orlando FL.

 

 

 

03/01/2023

 

North Carolina passes medical

marijuana.

 

03/01/2023

 

Michigan collects just under $60m

from marijuana taxes in 2022.

 

02/28/2023

 

Cresco Labs reaches milestone

of 60 dispensaries with 2 new

store openings in Florida.

 

 

 

02/27/2023

 

Cresco Labs and Colimbia Care extend

deadline for merger till end of June.  This 

is the second time the merger has been extended.

 

 

 

02/25/2023

 

New study shows smoking marijuana

daily can lead to coronary heart disease.

 

02/23/2023

 

California cannabis tax revenues drop.

California fight against the black market

led to lower tax rates to make the legal 

market more competitve. 

 

02/23/2023

 

What's wrong with Texas.  Teen

arrested for Vaping faces felony

charges.  Gas station near HS 

sells legal hemp vape pen.

 

 

 

 

02/22/2023

 

The CLIMB Act will have the

most significiant financial 

imapct upon the industry.

 

 

02/22/2023

 

Washington State introduces bill

to allow interstate sales.

 

02/20/2023

 

A series of brief were submitted

to the DEA by Medical professionals,

academics and advocacy groups asking

a review of psilocybin (mushrooms) to 

be rescheduled.

 

 

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02/17/2023

 

Can this be the year Safe Banking

passes.  Ten reasons why it could.

 

02/15/2023

 

Democratic Majority Leader Chuck Schumer

meets with Republicans to discuss passing

Safe Banking Act.

 

 

 

          2/10/2023

 

California assembly bill

to allow cannabis cafes.

         Will it pass?

 

2/3/2023                         

 

THC infused beverages in jeapordy   

as Minnesota breweries fret Federal law.

 

            2/3/2023

 

Missouri begins recrerational 

sales today!

 

2/2/2023                           

 

Schumer again working on passing

a canabis legislation bill.  Unfortunately 

Rupublicans are absent during talks.

 

                 1/24/2023

 

Cowen Financial Products acquired

19,170,307 shares of Cesco Labs.

 

 

 

 

2023 to be a long year for

cannabis companies as 

SAFE Banking failes to

pass Congress.     

 

Individual states need to lower the taxes on cannabis.  It'll reduce black market helping to reduce crime, create new jobs and bring in additional revenues. 

 
Cannabis companies will increase sales especially with market being and to become more saturated.  And States will keep about same if not more tax revenues since overall cannabis sales will increase to offset the tax reduction.  

 

11/19/2002                      

 

Congress passes bill to enable researchers

to study the effects of marijuana.      

 

11/6/2022

 

Sean Combs, Diddy, to buy

Columbia Care from Cresco

Labs for up to $185M.

 

10/31/2022                 

 

Chuck Schumer hopes to pass 

SAFE Banking law during lame 

session, by end of the year.   

 

 

           10/06/2022

 

      Biden pardons thousands of people

convicted of simple possession of marijuana.

 

9/26/2022                           

 

Amazon is removing marijuana products.

Does this mean Amazon is looking to get

into the business themselves?       

 

9/21/2022

 

Vegas to institute

smoking lounges.

 

9/6/2022                    

 

Smoking cannibas is more popular 

then smoking cigarettes.       

 

 

        9/6/2022

 

44% of young adults

admit to smoking 

     marijuana.

 

9/5/2022                               

 

Biden and Fetterman, Democratic cadidate for 

Pennsylvania discuss marijuana reforms.   

                   

                    8/31/2022

 

Americans support legalizing marijuana.

 

8/23/2022                           

 

Illegal cultivation center raided in Nevada.

 

 

                       8/17/2022

 

Cresco Labs executive during conference call

mentions Federal Legislation will pass soon.

 

 

Regulations on marijuana potentency

critical for Federal legalization     

 

 

             4/26/2022

 

President Biden commutes 

sentences for 75 individuals

for minor cannabis violations.

 

 

            4/13/2022

 

Virginia Gov. Glenn Youngkin 

cracks down on edibles.

 

            4/06/13

 

ILL marijuana sales increase

in March to $131million, 2nd

highest monthly sales.

 

 

4/1/2022    12:35 ET                

 

House passes the Marijuana Bill

 

 

 

            3/31/2022

 

Cannabis banking bill could

        pass this year.

 

3/31/2022                         

 

Marijuana Stocks have been advancing

in anticipation of the House passing the 

cannabis bill.                      

 

                   

 

 

            3/24/2022

 

Rumors are that the House will

introduce a bill next week to legalize

cannabis.

 

 

3/23/2022                              

 

Cresco continues growth through     

acquisitions as it buys Columbia Care.

 

 

           7 top marijuana stocks to buy in 2022,

                 accoding to Cantor Fitzgerald.

 

 *Cresco Labs                                   *Trulieve Cannabis 

 *OrganiGram Holdings                     *TerrAscend 

 *Curaleaf Holdings                           *Village Farms International

 *Green Thumb Industries

 

 

 

 

3/14/2022                  

 

Cresco California cannabis project

receives green light as appeal fails.

 

 

      3/13/2022

 

New Federal budget fails

to address cannabis.

 

 

3/13/2022                       

 

Illinois cannabis sales continue

to decline due to high tax rate.

 

 

Cannabis is now being cultivated in shuttered prisons.

 

Is it about time to admit the war on drugs has been a   

failure.  As company's are making billions off cannabis,

people are sitting in jail for cannabis possession.     

 

 

Illinois marijuana sales boom in 2021.

 

 

IL 2020 sales

 

1/4/2022                             

 

Montana recreational marijuana sales more 

than $1.5m in the first two days!        

 

11/15/2021

 

Cresco Labs opens Flagship store

steps away from Wrigley Field.

 

11/5/2021                                 

 

Case Study shows woman's tumor shrank after

taking CBD for two years.                

 

 

11/3/2021

 

Voters of Philadelphia voted for

marijuana decriminalization in

Pennsylvania.

 

 

 

Cresco Labs to open new massive dispensary a block away from Wrigley Field.

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