News & Insights
Ohio Legalizes Cannabis for Adult-Use
On November 7, 2023, Ohio voters passed a ballot measure to legalize adult-use cannabis, making it the 24th state to embrace legalization outside of medical use. The law passed easily with an estimated 56.79% vote (i.e., 2.144 million voters out of the 3.8 million who cast ballots). The law will take effect on December 7, 2023.
California Drug Policy Reformers Return to Ballot Measure Campaigns After Governor Newsom Vetoes Psychedelics Decriminalization Bill
California Governor Gavin Newsom has vetoed Senate Bill 58, the first psychedelics decriminalization measure to pass both chambers of a state legislature. Now, California drug policy reformers are refocusing their efforts on ballot measure campaigns for 2024.
Entering the Cannabis Market: The Top Five Realities Cannabis Businesses Need To Know
The cannabis industry is growing rapidly, but it is very complex for any cannabis business to navigate for many reasons. Whether you are an entrepreneur considering entering the adult-use cannabis market for the first time, or you’re a legacy operator seeking entry into the adult-use cannabis market, there are a few things to understand. It is important to do your homework, consult experts, and build a strong team that is prepared for the challenges you will face as a cannabis entrepreneur.
Open to All: Your Path to Securing a NY Adult-Use Cannabis License
With the New York State Cannabis Control Board’s recent approval of the state’s general adult-use cannabis regulations, the floodgates are officially opening for New York’s recreational marijuana market. This is big news for legacy partners, entrepreneurs, and businesses looking to get in on the ground floor of what is projected to be a multi-billion-dollar state industry.
NY CCB Meeting Update 9/12/23 – Board Adopts General Adult-Use Regulations
Today’s New York State Cannabis Control Board (CCB) Meeting brought forth significant and long waited developments to the state’s cannabis landscape. The CCB authorized the State’s general adult-use regulations which will enable the much-anticipated general adult-use market to initiate its licensing application process, which is scheduled to commence on October 4th.
U.S. HHS Recommends Cannabis Move to Schedule III of the Controlled Substances Act
On August 30, 2023, the U.S. Department of Health and Human Services (HHS) recommended to the U.S. Drug Enforcement Administration (DEA) that cannabis, currently a schedule I controlled substance, be reclassified as a schedule III controlled substance under U.S. federal law. This recommendation, if adopted by the DEA, could have a monumental impact on the U.S. state legal cannabis industry.
Bipartisan Legislation Introduced to Regulate Hemp-Derived CBD
On July 20, 2023, the Hemp Access and Consumer Safety Act was reintroduced in the U.S. Congress. The long-awaited legislation, originally introduced in 2021, would require the U.S. Food and Drug Administration (FDA) to regulate ingestible hemp-derived cannabidiol (CBD) products the same as other foods, beverages, and dietary supplements.