Welcome to “Cannabis News Today,” your daily summary of significant happenings in the Cannabis Industry.
Cannabis Industry Reform: Insights from Don Murphy
In an interview on the “Trade to Black” podcast, Don Murphy, founder of the American Cannabis Collective, highlighted the alignment of political and public views on cannabis, despite Donald Trump’s uncertain stance on cannabis rescheduling. Murphy noted that the defeat of Bob Goode in Virginia and John Curtis’s victory in Utah signify growing acceptance even among conservative voters. He emphasized the challenges of federal legalization, the importance of passing the Safe Banking Act, and the potential impact of rescheduling cannabis to Schedule III, while criticizing Maryland’s equity provisions for not adequately supporting marginalized communities. Read all about it on the TDR Website!
NCAA Removes Cannabis from Banned Substances List
The NCAA decided to stop banning marijuana for college athletes after reconsidering its drug policy starting in December 2022. This change shows a broader acceptance of marijuana use and will shift the focus to education rather than punishment. Read all about it on the TDR Website!
Delaware Marijuana Banking Bill Awaits Governor’s Signature
Delaware passed House Bill 355 to protect banks serving licensed cannabis businesses, aiming to bridge the gap between state legalization and federal banking laws. The bill now awaits Governor Carney’s approval to provide legal clarity and enhance the state’s marijuana industry’s safety and economic impact. Read all about it on the TDR Website!
High Tide to Acquire Mississauga Retail Cannabis Store
High Tide (NASDAQ: HITI, TSXV: HITI) has announced its plan to acquire a retail cannabis store in Mississauga. This acquisition aims to strengthen High Tide’s presence in the Ontario market and expand its retail footprint in Canada.
Verano Expands Cabbage Club to Connecticut and Maryland
Verano (OTCQX: VRNOF, CA: VRNO) has expanded its disruptive retail membership club, Cabbage Club, to Connecticut and Maryland. This initiative aims to enhance customer engagement and provide exclusive benefits to members in these new regions.
Cannabist Company and Bloom Introduce New Vape Brand
Cannabist Company (Cboe CA: CBST, OTCQX: CBSTF) and Bloom have teamed up to launch a cutting-edge vape brand in new East Coast markets. This collaboration aims to bring innovative vaping solutions to a broader audience and enhance product offerings in the region.
Ayr Cannabis Dispensary Opens in Illinois
Ayr Wellness (CSE: AYR.A, OTCQX: AYRWF) Cannabis Dispensary has strengthened its retail presence in Illinois with the opening of a new dispensary in Hometown. This new location is part of Ayr’s strategy to expand its footprint and provide top-quality cannabis products to more customers in the state.
Read more cannabis news on the TDR Website!
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