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The Week in Weed: January 5, 2024

The Blunt Truth

Happy 2024 – let’s start the year off with a shout-out to Colorado, where the retail market is celebrating an anniversary. The DEA is conducting a review of cannabis scheduling. Since that time, the industry has taken in $15 billion in revenue, with the state collecting $2.6 And finally, we have an update on the Weed Nuns.

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The Year in Weed: 2023 Edition

The Blunt Truth

Also, the NBA agreed to players investing in the cannabis industry as part of a new collective bargaining agreement. As of now, this is still a proposal, and it’s anyone’s guess if the DEA (who would do the actual re-scheduling) will think that’s a good idea. Watch for updates on this story in 2024. No to all of that.

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Starting A Cannabis Lab : 3 Crucial Steps

Medicinal Genomics

As a result, labs that have received a state license to test either medical or recreational cannabis have historically been denied a DEA Schedule I license to test hemp under the 2018 Farm Bill. However, this may change with rescheduling that is going to be revisited on Dec 2, 2024. states and four foreign countries.

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These 4 Newly Legal States Are Projected Earn an Annual $5 Billion

Veriheal

Collectively, the four aforementioned newly legal states are projected to earn $4.5 Municipalities that permit recreational cannabis sales would also collect a 3% sales tax. With a recreational cannabis market geared up for launch on January 1, 2024, Virginians have a lot to look forward to. Fundamental Social Equity Provisions.

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Rescheduling Marijuana

Connor & Connor PLLC

According to the Pew Research Center (2024), 88% of Americans believe cannabis should be legal for either medical or recreational use. If Congress would like to change the legal status of marijuana, they would do so before or after the DEA makes a final scheduling decision.

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Cannabis Trends of 2022

Kind Meds (Cannabis Education Blog)

The DEA still classifies cannabis as a Schedule I controlled substance, a designation reserved for drugs with no medical value and a high potential for abuse. Virginia also legalized cannabis in 2021, but residents can expect to wait until 2024 before they can purchase cannabis products. More States Favor Cannabis Legalization.

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DEA Pushes Marijuana Rescheduling Hearing To December: What Does This Mean For Cannabis?

Veriheal

In May 2024, the U.S. However, the rescheduling process is yet to be finalized, and although some optimistic advocates expected the decision to be fast-tracked before the November 2024 election, the fight for cannabis reform will not be won so quickly. THC content) under federal law, signaling a major shift in the U.S.

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