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SCOTUS takes CBD case; McConnell on SAFER Banking; Study: Marijuana doesn’t affect motivation; Fed psilocybin research; MA poll Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. Your support makes Marijuana Moment possible… Free to read (but not free to produce)! We’re proud of our newsletter and the reporting we publish at Marijuana Moment, and we’re happy to provide it for free. But it takes a lot of work and resources to make this happen. If you value Marijuana Moment, invest in…

Hop latent viroid (HLVd) is one of the most devastating things ever to hit cannabis, with researchers estimating it could be costing the industry up to $4 billion per year in financial loss. But are the streets safer than the recreational mega-farms that were decimated in the transition to legalization? We reached out to some hitters from both sides of the fence to see if HLVd has had the same impact on the underground cannabis market that it’s had on the recreational market. For those not in the know, HLVd is one of the worst things to happen to cannabis…

In this week’s cannabis news round-up, Senate Democrats reintroduce a federal cannabis legalization bill; Medmen files for bankruptcy, facing $411 million in liabilities; the Georgia governor approves legislation to regulate hemp products; and The Chambers Project hosts a Wixáritari benefit exhibition. PHOTO PHOTO aiisha Senate Democrats Reintroduce Federal Cannabis Legalization Bill This week, lawmakers in the US Senate reintroduced the Cannabis Administration and Opportunity (CAO) Act, aiming to end the federal prohibition of cannabis. A coalition of Democrats, led by Sen. Majority Leader Chuck Schumer (NY), along with Sens. Ron Wyden (OR) and Cory Booker (NJ), filed the bill. In…

How We Got Here If you woke up from a decades-long coma or were dropped onto Earth by aliens, you’d be forgiven for assuming that weed is legal in the United States. It seems like every gas station, corner store, and smoke shop from Miami to Montana is ready to get you some kind of stoned whenever you’d like. Gummies, vapes, pre-rolls, it’s all there with neon weed leaves in the window.  Of course, cannabis is not legal in the United States. Despite plenty of regulated and taxed state-legal weed sales, the plant is still a Schedule I narcotic in…

House Dems vs GOP on marijuana; Farm Bill hemp reforms; Cannabis rescheduling lawsuit; VT safe consumption; SAFE Banking poll; CO psychedelics speech Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. Your support makes Marijuana Moment possible… Your good deed for the day: donate to an independent publisher like Marijuana Moment and ensure that as many voters as possible have access to the most in-depth cannabis reporting out there.Support our work at https://www.patreon.com/marijuanamoment/ TOP THINGS TO KNOWFormer Deputy Attorney General James Cole…

Hemp clothing is making a comeback, marking the hemp textile industry’s latest resurgence in the clothing sector. Researchers say the reasons for the surge include hemp’s notable sustainable and eco-friendly characteristics, and its return on investment. According to a March 26 press release, Allied Market Research, the hemp clothing industry is on a trajectory showing steady growth into the next decade. The global hemp clothing market size was valued at $2.29 billion in 2021, and is projected to reach $23.02 billion by 2031, growing at a compound annual growth rate (CAGR) of 27.1% Allied Market Research analysts explained the factors…

Schumer on SAFER Banking; DEA & FDA at marijuana meeting; FL gov trashes ballot measure; NC medical cannabis deal; NH legalization Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. Your support makes Marijuana Moment possible… Hold on, just one second before you read today’s news. Have you thought about giving some financial support to Marijuana Moment? If so, today would be a great day to contribute. We’re planning our reporting for the coming months and it would really help to know…

Cannabis advocates, executives and investors are celebrating the Drug Enforcement Administration’s reported decision this week to reclassify marijuana under federal drug laws, a development that spurred rejoicing from coast to coast and a spike in cannabis stock prices. The celebrations were tempered, however, by the reality that the decision falls short of the full marijuana legalization that determined activists have been seeking for decades. On Tuesday, the Associated Press reported that the DEA had decided to follow a recommendation from the U.S. Department of Health and Human Services to reschedule cannabis under the Controlled Substances Act (CSA), citing five unnamed…

WH: Rescheduling part of Biden campaign pledge; SAFE Banking debate; Congress psychedelics vote; SC medical marijuana; OH legalization changes Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. Your support makes Marijuana Moment possible… Your good deed for the day: donate to an independent publisher like Marijuana Moment and ensure that as many voters as possible have access to the most in-depth cannabis reporting out there.Support our work at https://www.patreon.com/marijuanamoment/ TOP THINGS TO KNOWSenate Majority Leader Chuck Schumer (D-NY) and 17 other…

Legislation to legalize adult-use cannabis, as well as an increase in retail sales in Canada and the U.S. did not lead to an overall increase in teen substance abuse, a team of researchers found. They also found that adult-use legislation led to a “modest decrease” in teen alcohol and e-cigarette use. The research was led by co-principal investigators Lynch School of Education and Human Development professor Rebekah Levine Coley, School of Social Work Professor Summer Sherburne Hawkins, and Economics Department Chair Christopher F. Baum. They believe they are among the first to evaluate associations between adult-use cannabis legislation and recreational…