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Texas Legal professional Basic Ken Paxton (R) introduced on Wednesday a brand new lawsuit by his workplace in opposition to the 5 Texas cities which have handed hashish decriminalization insurance policies, The Hill studies. The lawsuit names metropolis mayors and council members from the 5 cities, which embrace Austin, Denton, Elgin, Killeen, and San Marcos, and argues that officers have adopted amnesty and non-prosecution insurance policies “that violate Texas legal guidelines regarding marijuana possession and distribution.” The lawsuit additional states that the cities’ decriminalization insurance policies — all of which stem from profitable voter initiatives — are unlawful underneath the…

Photographs: Twinty Images Quite a few expertise are essential to succeed as an entrepreneur, and having expertise and acumen in actual property and finance are actually excessive on that listing. Maybe these are two of the explanations Jason Vedadi has grow to be a veritable weed ninja over the previous decade, constructing, shopping for, and promoting corporations with only a few missteps alongside the best way. Vedadi’s cannabis career had humble origins in 2008. His dwelling state of Washington was one of many first to permit medical sufferers to develop a restricted variety of crops, and he began a small…

Hashish gross sales in Michigan hit a file excessive final yr with dispensaries retailing somewhat greater than $3 billion price of hashish, the Metro Times experiences. Annual hashish gross sales have elevated yearly since Michigan’s adult-use market launched in 2019, and a big majority — about $2.74 billion — of final yr’s gross sales had been from adult-use transactions. Notably, retailers closed out the yr with the state’s highest month-to-month hashish gross sales file thus far with $279.9 million in December gross sales. The file gross sales yr additionally generated about $457.6 million in new taxes for the state —…

For anybody who missed it final month, we have now Up to date a full recording and transcript of our webinar titled: “Legal professional Insights on the Hashish Trade 2024: Ask us Something.” You possibly can view the recording and transcript right here. The webinar was nicely attended, and attorneys Vince Sliwoski, Griffen Thorne and Jesse Mondry answered quite a lot of questions, together with on the next subjects: Rescheduling hashish from I – III 280E Reforms and potential reactions from the IRS Massive Pharma, the FDA and Farm Invoice affect and potential outcomes States coming on-line in 2024, Case…

The Final Combating Championship (UFC) may need eliminated marijuana from its banned substances checklist for skilled fighters—however a California athletics fee says they might nonetheless face penalties beneath state guidelines for testing optimistic for THC over a sure restrict forward of an upcoming occasion. UFC, which formally amended its hashish drug testing coverage final month, reportedly suggested fighters that they might be topic to a $100 advantageous by the California State Athletic Fee in the event that they check over 150 nanograms of THC per milliliter forward of the UFC 298 occasion that’s set to happen on February 17 in Anaheim.…

It’s not Christmas with no creamy glass of eggnog, and this 12 months, you can also make it a stoner affair with these marijuana infused recipes. What the heck is eggnog? Reality is, eggnog isn’t a type of issues that comes up on a regular basis. The truth is, apart from Christmas, we don’t hear a lot about it. Nevertheless, at Christmastime, this not-often spoken of drink, turns into the focal point, as part of longstanding Christmas custom. So what’s the stuff? And why will we drink it? First off, eggnog, which additionally goes by the identify ‘milk punch;’ is…

We all know that retreats exist for every kind of issues, together with magic mushroom and ayahuasca ceremonies. However what about hashish? Do hashish retreats exist, and are they price efficient? Do hashish retreats exist? A retreat is actually a visit to a vacation spot, for a specific function; usually of the self-improvement/self-development selection. Although there isn’t a rule saying a retreat can’t exist in a metropolis heart; they normally contain being away from the overall inhabitants, and as a rule, are in a spot the place the pure environment may be appreciated. Retreats definitely don’t need to be religious,…

Because the hashish trade continues to evolve, 2024 guarantees to be a yr of serious change, from product growth, to retail dynamics, in addition to within the hemp/CBD market. Over the previous few weeks we put out a name for commentary to our e-newsletter viewers, asking trade professionals and enterprise homeowners to share their expectations for the approaching yr. Under, we’ve got rounded up a number of the most insightful feedback we acquired, forecasting what may lie forward for these sectors. A typical theme among the many predictions we reviewed was a perception that demand for product personalization and elevated…

Twelve Senate Democrats this week referred to as on the Biden Administration to take away hashish from the Managed Substances Act (CSA) in a letter to the federal Drug Enforcement Administration (DEA), in response to an NBC News report. Hashish has been thought-about a Schedule I substance, since 1971 “The case for eradicating marijuana from Schedule I is overwhelming,” the letter argues. “The DEA ought to accomplish that by eradicating hashish from the CSA altogether, fairly than merely putting it in a decrease schedule.” The senators’ name for the entire elimination of hashish from the federal drug schedule comes following…

Ohio hashish regulators this week launched the draft rules for the state’s adult-use hashish business that was accredited by voters final 12 months. Officers are also asking for public suggestions on the proposed guidelines, which define utility prices and element the state’s plan for a lottery-based licensing system. Below the proposed guidelines, medical hashish retailers would have the ability to apply for a dual-use license — which permits serving each the medical and adult-use hashish markets — at no further value. In the meantime, vertically built-in firms within the state together with Degree 2 and Degree 1 cultivators could be…