The Rush - May 09, 2024

May 09, 2024

May 09, 2024

Senate Leadership Reintroduces Legislation Repealing Federal Cannabis Prohibition

FROM NORML - ARTICLE SUMMARY: The Senate leadership has reintroduced legislation to repeal federal cannabis prohibition. The bill, known as the Cannabis Administration and Opportunity Act, aims to remove cannabis from the Controlled Substances Act, allow states to set their own cannabis policies, and establish a framework for federal regulation of cannabis products. The bill also includes measures to address social equity issues, such as expunging prior cannabis convictions and ensuring equitable access to the cannabis industry.

Canopy USA Exercises Options to Acquire Jetty, Wana Marijuana Companies

FROM MJBIZDAILY - ARTICLE SUMMARY: Canopy Growth's U.S. subsidiary has exercised its options to acquire two cannabis companies, Jetty Extracts and Wana Brands. Jetty Extracts is a California-based cannabis extraction company known for its vape pens and concentrates, while Wana Brands is a Colorado-based edibles producer known for its gummies. Canopy Growth's acquisition of these companies is part of its strategy to expand its presence in the U.S. cannabis market.

Organic Certification for the Hemp Industry

FROM CANNABIS SCIENCE AND TECHNOLOGY - ARTICLE SUMMARY: The challenges of obtaining organic certification for the hemp industry are highlighted by the lack of clear federal guidelines for organic hemp production and the complex certification processes. Despite these challenges, many hemp producers are pursuing organic certification to meet consumer demand for organic hemp products and differentiate themselves in the market. Exposed is the importance of standardized regulations and increased transparency to support the growth of the organic hemp sector.

LIFESTYLE & CULTURE

Warren Bobrow’s Craft Cannabis Cocktails: Picture a musical about two young people in love but being together in the real world turns out to be more complicated. Clad in a pink poodle skirt and a white button-up is the craft cocktail, a positive darling of the food and drink world… READ MORE @CANNABISNOW

PBC Releases 2024 Cannabis Banking Directory to Connect Industry Professionals: WASHINGTON – Organizers behind the B2B conference for cannabis industry payments, banking, and compliance (PBC) released a new banking directory this week. The comprehensive guide lists banks and credit unions that offer services to the cannabis sector… READ MORE @MG

“A Big Deal”: What the Feds’ Move to Reclassify Marijuana Means for Colorado Cannabis: Cannabis advocates in Colorado cheered the Biden Administration’s reported move to reclassify marijuana and said the decision likely would reduce businesses’ tax burden significantly… 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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