After several wild weeks in weed, things slowed down a bit as we head into the final days of July. This past week in weed didn’t feature wall-to-wall action but still brimmed with tons of market movements, governmental maneuvering, and insights into the people and markets across this country.
Catch up on what happened in weed last week before it gets too late.
Monday, July 22, 2024
- USA Today, among many outlets, broke down new Democratic Presidential nominee Kamala Harris’ evolving stance on pot.
- 11 Red state AGs wrote President Biden urging him not to reschedule cannabis
- Michigan’s Cannabis Regulatory Agency laid out its plan to potentially benefit brands and consumers while asking for federal guidance to move the issue forward.
- Congressman Andy Harris said he doesn’t care if rolling back cannabis rescheduling hurts his party, he wants it done, claiming cannabis is bad for your health.
Tuesday, July 23, 2024
- Pot stocks gained on the heels of over 43,000 comments being submitted during the DEA’s rescheduling public comment window.
- After planning to recriminalize cannabis, Thai officials now appear set on legislating a medical market, with recreational use looking to become a parliamentary issue.
- Six years into rec legalization, Michigan dispensaries are closing as the market reportedly catches up.
- After 50,000 valid petitions were submitted, Dallas citizens will get to vote on decriminalization.
Wednesday July 24, 2024
- Two analyses of the recent 43,000-plus DEA public comments suggest that most support broader reform efforts than President Joe Biden’s plan.
- Fifty-seven microbusiness licenses were awarded via the Missouri market lottery.
- Verified social equity applicants can now apply for pre-approval for a Minnesota cannabis business license.
- In more Minnesota news, former Winnebago Mayor Scott Robertson and his son Jacob pled guilty to charges related to an illegal home grow.
Thursday, July 25, 2024
- The House Energy and Commerce Committee wrote to Attorney General Merrick Garland and Department of Health and Human Services (HHS) Secretary Xavier Becerra concerning rescheduling, calling the process “unusual.”
- The American College of Physicians, a group of over 160,000 internal medicine physicians, is the latest group to call for decriminalization.
- Illinois Gov. Pritzker feels his state’s equity model is one to follow.
- The Arkansas Times profiled operator Lance Huey, a former Marine and state trooper, and his transition into cannabis.
Friday, July 26, 2024
- Texas AG Ken Paxton’s effort to end municipal decrim efforts in the Lone Star State were dismissed for a second time.
- Florida dispensary giant and multi-state operator Trulieve donated another $5 million toward the state’s rec cannabis legalization efforts.
- Small Kentucky businesses are concerned that large out-of-state operators want to use their address and property to apply for a license.
- JD Supra explored the current state of bankruptcy access in the cannabis industry and a possible change in direction.
That’s a bit of what happened in weed last week. Did we miss anything? Send us a message, and we’ll do our best to round up all the essentials next week.
