The Rush - June 07, 2024

June 07, 2024

June 07, 2024

Ohio: Dispensaries May Begin Applying To Serve the Adult-Use Cannabis Market

FROM NORML - ARTICLE SUMMARY: Ohio dispensaries can now apply to serve the adult-use cannabis market following the state's recent legalization of recreational marijuana. The Ohio Department of Commerce is overseeing the process, which will allow existing medical cannabis dispensaries to expand their services to adult consumers. This move aims to create a seamless transition for the market, ensuring that consumers have access to regulated and safe cannabis products.

Canopy Growth Prepares to Raise $250 Million for Marijuana Investments

FROM MJBIZDAILY - ARTICLE SUMMARY: Canopy Growth is seeking to raise up to $250 million through an at-the-market (ATM) equity program to fund marijuana investments. This follows their recent acquisition of a U.S.-based marijuana operator. The ATM program allows Canopy to quickly issue and sell new shares in public offerings in the U.S. and Canada. Despite mixed reactions from analysts and a drop in share prices, Canopy aims to use this funding to strengthen its position in the cannabis market.

Surge in California Cannabis Product Recalls Amid Increased Inspections

FROM MG - ARTICLE SUMMARY: California has seen a sharp increase in cannabis product recalls due to heightened inspections and product testing by regulators. In 2024, there have been at least 23 recalls, compared to just three in 2023 and 2022. Many recalls are due to the presence of Aspergillus, a harmful fungus. Specific products affected include BloomBox Flower and Mary Jones hemp-infused sodas, which contain prohibited ingredients. Governor Gavin Newsom has directed further enforcement actions to address illegal hemp products.

LIFESTYLE & CULTURE

North Dakota Marijuana Activists Say They Already Have More Than Half The Signatures Needed To Put Legalization On November Ballot: The campaign behind a marijuana legalization initiative in North Dakota said this week that it’s collected more than half of the signatures required to put the proposal on November’s ballot. But there’s still a ways to go, and organizers have further petitioning events planned before a July deadline... READ MORE @MARIJUANAMOMENT

Reefer Madness Is Back: On Thursday, May 30, the revival of Reefer Madness: The Musical debuted at The Whitley in Hollywood. The musical, based on a 2005 TV movie, based on a 1998 musical, based on a 1936 church-funded propaganda film of the same name, features Inception-levels of satire… READ MORE @CANNABISNOW

Clinical Trial - CBD-Infused Gel Relieves Osteoarthritic Hand Pain: The daily application of a transdermal gel containing CBD relieves pain and improves the quality of life of patients with hand osteoarthritis (OA), according to open-label trial data published in the journal Nature: Scientific Reports… READ MORE @CANNABISCULTURE

The Rush - Originally composed and curated content to help you stay up-to-date with the latest cannabis industry trends. We cut through the noise so you can focus on the news that matters the most.

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