The Rush - June 14, 2024

June 14, 2024

June 14, 2024

New York Senators Call for Investigation of State’s Marijuana Social Equity Fund After Exposé of ‘Predatory Deals’

FROM MARIJUANA MOMENT - ARTICLE SUMMARY: New York State Senators Liz Krueger and Gustavo Rivera are demanding an investigation into the state’s marijuana social equity fund following revelations of predatory loan agreements and high start-up costs for dispensary operators. The investigation, conducted by THE CITY, highlighted concerns raised by the Office of Cannabis Management about the management of the fund, which aimed to support those affected by discriminatory drug laws. The fund, involving both public and private financing, has been criticized for trapping operators in unfavorable deals.

Cannabis Beverage Sales Growth Slower than Edibles Sales Growth

FROM CANNABIS BUSINESS TIMES - ARTICLE SUMMARY: Cannabis beverage sales have grown more slowly compared to edibles, comprising only 6% of edible sales and 1% of total cannabis sales in Q1 2024 across BDSA-tracked markets. Despite the growing consumer participation in cannabis, gummies dominate the edibles category, with 75% of edibles consumers opting for them. BDSA forecasts that cannabis beverages will maintain their small market share, even as legal access expands and overall cannabis consumption increases.

Study Finds Weed Users Get More Active than Abstainers

FROM LEAFLY - ARTICLE SUMMARY: A recent study published in Cannabis and Cannabinoid Research debunks the stereotype of cannabis users being lazy. The research, involving 4,666 adults, found that cannabis use correlates with increased light physical activity and does not lead to more sedentary behavior. The study showed that daily users had a 4% higher chance of engaging in light physical activities compared to non-users. Interestingly, frequent users were more active than occasional users. The findings suggest cannabis may boost light activity, especially among young adults, without making them more sedentary.

LIFESTYLE & CULTURE

Do Medical Marijuana Companies Need to Comply with HIPAA?: It’s no secret that the federal government’s original decision to make marijuana a Schedule 1 controlled substance was motivated by politics instead of science… READ MORE @MJBIZDAILY

CWCBExpo Combines Business, Government, Academia and Activists: The event had the open participation of New York city and state government agencies, as well as capitalist enterprises from around the country and the planet… READ MORE @CANNABISNOW

Martha’s Vineyard Has a Pot Problem - There isn’t Enough, as Massachusetts Officials Meet Concerned Residents: By the time this summer ends, tourists, day trippers, and residents living on the island of Martha’s Vineyard may lose access to legal marijuana… READ MORE @THECANNABIST

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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