Smartest Guys in the Room Go Belly Up in Canada – Fire and Flower Files for Creditor Protection
An initial order for creditor protection has been granted by a Canadian court to Fire & Flower Holdings and its cannabis-related businesses due to significant net losses of more than $150 million ($200 million) that have accrued since 2018. The Companies Creditors Arrangement Act (CCAA) was used by the Ontario Superior Court of Justice to grant this order, which enables the company to continue operating as it currently is and interact with stakeholders to consider options for future business ventures.
How To Change the Way the World Talks About Cannabis
In the world of cannabis, there are two terms that have become deeply ingrained in our vernacular: Sativa and Indica. These words have permeated dispensaries, online strain databases, and stoner conversations for years. We’ve all heard them, and we’ve all used them to classify and describe the effects of different strains. Sativas are believed to deliver energetic and uplifting highs, while Indicas are associated with relaxation and a more sedating experience. It’s a simple and convenient way to categorize cannabis, or so we thought.
RIP US Cannabis Industry – The US Federal Government Gives Approval for South American Cannabis Imports into the USA
The two companies announced a joint partnership to get the enable the first-ever importation of tetrahydrocannabinol (THC) products into the United States from Uruguay. In addition, they are also inking a deal to produce cannabis-based pharmaceuticals to sell internationally. Once established, this will revolutionize patient access to cannabinoid medicines while also marking a milestone in cannabis medicine and cannabis research.
Psychedelic Conversations at Madame ZuZu’s Emporium
Once a month, an eclectic bunch of medical practitioners hang out and talk all things psychedelic at Madame ZuZu’s, a tea emporium owned by famed Smashing Pumpkins’ frontman Billy Corgan.
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The Fake Era: Sprayed Terps
This week, social media meme king Sourwavez explains why sprayed terps are whack, and tells us about his encounter with the boof pack in the wild.
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GPS Fail Sends Driver With Almost 400 Pounds of Pot to U.S.-Canada Border
A driver, 60, with a huge shipment of weed was nabbed by police after GPS sent him to the U.S.-Canada border without a passport.
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San Francisco Board of Supervisors Approve Ban on New Cannabis Businesses Through 2028
A temporary ban on cannabis businesses was approved to address concerns of oversupply, black market sales, and public safety in San Francisco.
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Minnesota Breweries See Benefits From State’s Cannabis Law
The new Minnesota measure created a distinction between hemp and pot-derived beverages.
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Legalization in Canada Results in Fewer Incidents Between Youth and Cops
The findings on youth and law enforcement come via the Centre for Addiction and Mental Health in Toronto, Canada.
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Florida Supreme Court Gives State Attorney General Two More Weeks To File Briefs In Marijuana Legalization Ballot Challenge
The Florida Supreme Court has agreed to give the state attorney general two additional weeks to submit a brief detailing her argument that a proposed marijuana legalization initiative should be kept off the 2024 ballot. The initial briefs were initially due by Monday, but the court approved an uncontested motion to push that deadline back […]
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Amazon-Owned Twitch Bans Streamers From Promoting Marijuana But Allows Alcohol Branding In Policy Update
Video game streaming company Twitch has updated its branding policy for streamers, prohibiting promotions of marijuana businesses and products while explicitly allowing alcohol partnerships. While the Amazon-owned livestreaming hub reversed course on other unrelated aspects of new branding policy changes rolled out this week after facing significant pushback from the gaming community, it’s currently maintaining […]
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Nevada Lawmakers Send Marijuana Omnibus Bill To Governor That Would Increase Possession Limits And Remove Industry Barriers
Nevada lawmakers have sent the governor a large-scale marijuana reform bill that would more than double the personal possession limit, consolidate licensing rules and broaden eligibility for participation in the market by people with prior felony convictions. The cannabis omnibus legislation from Sen. Dallas Harris (D) passed the Assembly in a 28-14 vote on Monday, […]
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GOP Senator And Former Ambassador Want Biden’s Help Freeing A Medical Marijuana Patient Jailed In Russia
A U.S. senator and a former ambassador are imploring the Biden administration to “immediately” escalate diplomatic efforts to secure the return of an American imprisoned in Russia over possession of medical cannabis that he lawfully obtained in Pennsylvania. Sen. Steve Daines (R-MT) and former U.S. Ambassador to Russia Michael McFaul sent a letter to Secretary […]
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Rhode Island Courts Expunge More Than 23,000 Marijuana Possession Records As Part Of Legalization Law’s Mandate For Relief
The Rhode Island judiciary system has expunged more than 23,000 marijuana possession records, completing the first phase of cannabis relief directed under the state’s legalization law and an executive order from the state Supreme Court. The judiciary said in a press release on Thursday that “3,015 individual cases were expunged in the Superior Court, 10,650 […]
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Truckers back legal cannabis to combat labor shortage (Newsletter: June 9, 2023)
Fetterman on psychedelic therapy; Congresswoman pushes Biden for marijuana action; Chris Christie’s cannabis record 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… Before you dig into today’s cannabis news, I […]
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No Pay, No Cannabis License – New Jersey Starts Revoking Marijuana Licenses Over Unpaid Fees
The New Jersey Cannabis Regulatory Commission (CRC) unanimously voted 5-0 to withdraw marijuana cultivation and manufacturing licenses from an operator in the state due to outstanding fees, as reported by MJBiz. Harmony Foundation, the operator that runs the sole adult-use dispensary in Hudson County, made a partial payment of $100,000 for its Class 5 retail license but failed to pay for its Class 1 cultivation and Class 2 manufacturing permits.
The Top 10 Cultivars to Grow This Year (2023 Update)
Growing marijuana requires care and talent, so ensure you love the process and have the essential information and tools. Continue reading to learn about the ten finest cannabis strains to grow this year (2023) for beginners and professionals.
Canada Is Drowning in Cannabis – The Saturated Canadian Market Has Over 3.3 Million Pounds of Excess Weed (Just the Legal Side!)
The cannabis industry in Canada is facing significant challenges due to declining prices and oversupply. Despite efforts to address these issues, such as adopting pop-up retail strategies, businesses need help. The unsold cannabis stockpile has grown damaging companies’ profitability and margins
Ohio Gets Ready to Legalize Recreational Cannabis After They Like What They See in Their Medical Marijuana Program
Should a bipartisan bill receive approval from the Ohio Statehouse, individuals in Ohio who are 21 years old and above will gain the right to cultivate, purchase, and possess marijuana. State representatives Casey Weinstein of Hudson and Jamie Callender of Concord introduced House Bill 168, also known as the Ohio Adult Use Act, earlier this month.
10 Years of Puffco: The New Peak Pro
On it’s 10th birthday, Puffco reintroduced its crowning achievement, the Peak Pro, with major tech upgrades.
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