Lawmakers Must ‘Step Up’ And Address Federal-State Marijuana Conflict, Trucking Executive Tells Congress Amid Labor Shortage

The state and federal marijuana policy conflict is creating a “litigious environment” for the trucking industry and contributing to the challenges of a major labor shortage, the head of the American Trucking Association (ATA) told Congress on Wednesday. During a hearing before the House Transportation and Infrastructure Committee, Rep. Michael Bost (R-IL) asked ATA President […]

Australia Legalizes Psilocybin And MDMA Prescriptions As U.S. Patients Seek Similar Authorization

The Australian government has rescheduled the psychedelics psilocybin and MDMA to provide access to people with post-traumatic stress disorder (PTSD) and treat-resistant depression. The substances aren’t being legalized for broad use, but by placing them in Schedule 8 for therapeutic use under the country’s drug code, psychiatrists who meet the required standards will be able […]

Fed judge releases longtime cannabis prisoner (Newsletter: February 6, 2023)

MD marijuana sales bill; FL legalization ballot milestone; WA cannabis homegrow hearing; MO recreational sales begin 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. (function() { window.mc4wp = window.mc4wp || { listeners: [], forms: { on: […]

Washington Committee Hears Testimony On Bill To Allow Home Cannabis Cultivation

Washington State lawmakers took public testimony Thursday on a bill that would, more than a decade after voters approved cannabis legalization, finally allow adults to grow the plant for themselves at home. House Bill 1614, heard by the House Committee on Regulated Substances and Gaming, would permit cultivation of up to six cannabis plants for […]

: Adult-use cannabis campaign in Florida gathers enough signatures to trigger court review of proposed ballot measure

An adult-use cannabis effort by the Smart & Safe Florida political committee that’s backed by a medical cannabis company operating in the state collected enough signatures to require the Florida Supreme Court to review a proposed ballot measure. The group has collected 294,046 unofficial signatures, which is well above the 222,898 signatures needed for a judicial and financial impact review, according to the Florida Division of Elections website. The effort would need 891,589 signatures to win a berth on the statewide ballot. The signatures were initially reported by The Capitolist. Trulieve Cannabis Corp. TCNNF has paid $20 million to back the effort, according to the article. Other large cannabis companies operating in the Sunshine State’s medical cannabis market include Curaleaf Holdings Inc. CURLF and Green Thumb Industries Inc. GTBIF. The AdvisorShares Pure US Cannabis ETF MSOS is down 2.3% in 2023, compared to a 16.6% increase by the Nasdaq COMP. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.