New York to take action against illegal cannabis beverages: ‘A disaster in the making’
New York’s Crackdown on Illegal Cannabis Drinks New York is gearing up to address the growing issue of cannabis-based beverages being sold illegally in local grocery stores. A key state official has characterized the situation as “a real disaster waiting to happen.” Chelsea Davis, who serves as Gov. Kathy Hochul’s deputy secretary for Gaming, Cannabis […]
Cannabis firms are preparing for initial public offerings, and the NYSE and Nasdaq are eager to include them.
US Marijuana Companies Spark Competition Between Stock Markets There’s a growing competition—often referred to as the “listing wars”—between the two leading US stock exchanges, the New York Stock Exchange (NYSE) and Nasdaq, as they court marijuana companies. Recent shifts in federal regulations are fueling this interest, particularly regarding initial public offerings (IPOs) for Pot Inc. […]
Oakland Ballers to hold a cannabis game night suitable for families
The Oakland Ballers, an independent professional baseball team based in Oakland, California, recently announced plans for a “family-friendly” cannabis-themed game set for the evening of July 31st. In collaboration with Oaksterdam University, the country’s first cannabis-focused educational institution, the event is themed “Grateful Dead Night.” As part of this unique occasion, the team will temporarily […]
Thailand increases penalties for travelers on cannabis offenses to 10 years in prison as experts share their views.
Class Action Lawsuit Filed Against Chicago Marijuana Distributor Over False Wellness Claims A class action lawsuit has been initiated against three cannabis companies in Chicago, accused of marketing products with misleading health claims. Kevin Sabet, the CEO of Smart Approaches to Marijuana, commented on the legal action, highlighting the importance of protecting consumers and ensuring […]
California confiscates $104 million in illegal cannabis during crime operation.
California Authorities Conduct Major Marijuana Bust California officials have recently confiscated over 63,000 pounds of illegal marijuana, estimated to be worth around $104 million. This significant seizure is part of a three-month effort targeting organized crime across the state. From April to June, law enforcement conducted operations in ten counties, which led to the destruction […]
City in California approves the establishment of cannabis cafes similar to those in Amsterdam
San Francisco Moves Toward Legalizing Cannabis Cafes In California, marijuana enthusiasts might soon be able to enjoy cannabis lounges where they can order food and take in some entertainment, as San Francisco inches closer to legalizing these spaces. On Tuesday, the San Francisco Board of Supervisors voted 7-4 in favor of starting the process for […]
The hope for legal cannabis has disappeared as the illegal market continues to expand.
Marijuana Legalization: A Broken Promise The movement to legalize marijuana offered a straightforward deal: legalize, regulate, tax, and watch the black market vanish. Unfortunately, that promise has not held up well. Today, illegal marijuana dealers are still prevalent in California and other parts of the U.S. Meanwhile, the legal marijuana sector is facing declining sales, […]
Video captures burglar catching fire while attempting to set a cannabis dispensary ablaze
Robbers Set a Marijuana Dispensary on Fire — Literally What a scene unfolded in Michigan. Surveillance footage captured masked individuals trying to ignite a marijuana dispensary, only for one of them to end up on fire themselves. “It was definitely amateur hour,” mused Mike Bahora, owner of the Pure Cannabis Outlet in Monroe. He couldn’t […]
FBI conducts searches at the office and cannabis shop of Virginia State Senator L. Louise Lucas during corruption investigation
Corruption Investigation Targets Virginia Senator Federal agents executed a search at the Portsmouth, Virginia office of Democratic Sen. L. Louise Lucas on Wednesday. This raid is part of a broader federal investigation into potential bribery and illegal activities related to the cannabis industry. Lucas, a prominent figure in Virginia’s political landscape and acting Senate president, […]
The decision to legalize cannabis was a mistake.
On Wednesday, Germany’s Health Minister, Nina Valken, described the decision to legalize cannabis as a “mistake” and shared a disconcerting report on the drug’s usage, two years after it ended government prohibition. This Wednesday marked the second anniversary of cannabis legalization in Germany, which took effect on April 1, 2024, a move initiated by Valken’s […]