Biden Administration Plans To Ease Marijuana Restrictions

May 2, 2024 | Feature, National

WASHINGTON DC – The Biden administration is moving forward with plans to move marijuana off the most severe classification of Schedule I to Schedule III, a source familiar with the decision confirmed to The Hill Tuesday. Rescheduling marijuana is distinct from...

MedMen Declares Bankruptcy With $410M In Debt

May 1, 2024 | National

California’s first cannabis company valued at over a billion dollars appears to have completed its long descent into failure. MedMen, once hailed as the “Apple Store of weed,” declared bankruptcy last week, according to a press release published by...

Polls: Most Americans Endorse Legalization, Say Cannabis Is Safer Than Either Alcohol Or Tobacco

Apr 24, 2024 | Feature, National

The overwhelming majority of US adults favor legalizing marijuana federally and most perceive it to be safer to consume than either tobacco or alcohol, according to nationwide polling data released today. Survey data compiled by Data For Progress finds that...

New Mexico Governor Presses Biden Official About Spike In Federal Marijuana Seizures From Licensed Businesses

Apr 24, 2024 | National

The governor of New Mexico spoke with the head of the U.S. Department of Homeland Security (DHS) this week and expressed concern about a recent surge of Border Patrol seizures of marijuana from state-licensed businesses, Marijuana Moment has learned exclusively....

Demise Of High Times Leaves Trail Of Unpaid Bills And Unhappy Investors

Apr 24, 2024 | National

The receiver for ExWorks, the company that lent High Times Chairman Adam Levin money to buy the business, has appointed Kevin Singer of Receiver Specialists to oversee the sale of High Times’ assets to settle outstanding debts. High Times and Levin used several...

Report: Cannabis Industry Employs More Than 440,000 Full-time Workers

Apr 23, 2024 | National

DENVER –The state-licensed cannabis industry added over 23,000 new jobs in 2023 and now employs over 440,000 full-time workers, according to data compiled by Vangst and Whitney Economics. Michigan, ranked second in job growth, had 46,746...