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State marijuana-related tax revenues now at $2.07B

FAIRFIELD -- What cities and other local jurisdictions have made in cannabis-related taxes is not part of the nearly $2.1 billion collected by California since 2018. The state Department of Tax and Fee Administration reported Friday that the stat...

February 28, 2021

Virginia Lawmakers Vote to Legalize Marijuana in 2024

RICHMOND, Va. (AP) -- Virginia lawmakers gave final approval Saturday to a bill that will legalize marijuana for adult recreational use, but not until 2024, when retail sales of the drug would also begin. With a compromise bill clearing the House...

February 28, 2021

Colorado has sold about $10 billion worth of marijuana

DENVER (AP) -- Businesses in Colorado have sold about $10 billion of marijuana since the plant was legalized for recreational use in 2014, according to new data released by the state Department of Revenue. The figures released Tuesday indicate th...

February 20, 2021

Former Obama official joins National Cannabis Roundtable

A former member of President Barack Obama's cabinet has joined forces with a national cannabis trade association, adding yet more political star power to a marijuana-reform advocacy group. Kathleen Sebelius, the secretary of the U.S. Department o...

February 20, 2021

House Members Call On Biden To Pardon Cannabis Convictions

Members of Congress penned a letter to President Joe Biden urging him to pardon nonviolent cannabis offenders. President Joe Biden received a letter from 37 members of Congress on Thursday urging him to issue a blanket pardon for nonviolent offen...

February 20, 2021

What Do The Latest Studies Say About Older Adults Using Cannabis?

Many seniors are well aware of the litany of serious adverse side-effects associated with available prescription drugs and perceive medical cannabis to be a practical and potentially safer alternative. Our parents and grandparents, pretty much an...

February 20, 2021

4 Reasons Why The Cannabis Industry Has Become So Profitable

Cannabis isn't just about smoking anymore; it is incredibly inclusive to people from all walks of life for both medical and recreational purposes. In the past few years, there has been one major central theme debated heavily by society. That is t...

February 20, 2021

Recreational Marijuana In New Jersey: Bill That Could Loosen Cannabis Logjam Advances

TRENTON, N.J. (AP) -- A bill in the New Jersey Legislature aimed at breaking up a logjam delaying marijuana legalization legislation got approval in a state Senate committee on Friday, setting up additional votes on Monday. The bill's sponsor, Dem...

February 19, 2021

Regulatory Update: Congress Asks Biden To Pardon Cannabis Offenses And More

Congress Members Ask President Biden To Pardon Federal Cannabis Offenses Thirty-seven members of Congress have issued a letter to President Joe Biden, asking for a blanket pardon to those with federal nonviolent cannabis-related offenses. (h/t NOR...

February 18, 2021

Cannabis Cups Have Gone Virtual And You Can Be A Judge

When the Covid-19 outbreak shut down all but essential business activities last spring, event planners in all industries had to adapt to a world without in-person gatherings for the foreseeable future. Many conferences and conventions had to be ca...

February 13, 2021

Marijuana Stock Bubble 2.0 Is Here

A Fool since 2010, and a graduate from UC San Diego with a B.A. in Economics, Sean specializes in the healthcare sector and investment planning. You'll often find him writing about Obamacare, marijuana, drug and device development, Social Security...

February 13, 2021

Former Top DEA Agent Concedes, Cannabis Is Real Medicine

Earlier this year I published a column in this space that looked at longtime prohibition advocate and former high level DEA agent Bob Stutman's recent conversion to supporting the rescheduling of marijuana, citing his own person medical use. In th...

February 10, 2021