CannaBeat is a weekly digest of news, business, and culture in the cannabis industry curated by members of Emerge Law Group’s distinguished Cannabis Industry Group.
Federal & National
New Senate Bill Would Create Federal Marijuana Commission To Prepare For Legalization
Marking the 10th anniversary since Colorado voters approved marijuana legalization at the ballot, Sen. John Hickenlooper (D-CO) announced on Thursday that he will soon be filing a congressional bill to set the country up for federal cannabis reform. Specifically, the Preparing Regulators Effectively…
Schumer Says Congress Is ‘Very Close’ To Passing Marijuana Banking And Expungements Bill After Work With ‘A Bunch Of Republicans’
Senate Majority Leader Chuck Schumer (D-NY) says Congress is getting “very close” to introducing and passing a marijuana bill with provisions covering banking access for legal businesses and expungements of past convictions, citing progress he’s made in discussions with a “bunch of Republican senato…
Report: Legal Cannabis Once Again Ranks Among Nation’s Most Valuable Crops
“Legalizing and regulating cannabis provides for more job opportunities, greater tax revenues, and safe access to high quality products at increasingly affordable prices,” NORML’s State Policy Manager Jax James said. “This economic data shows once again why legalization is a preferable policy optio…
Marijuana Will Be Legal In Half the U.S. If These Ballot Measures Pass in the 2022 Midterms
Marijuana could become legal in nearly half of the U.S. following the 2022 Midterm Elections—if voters in five states pass the ballot measures before them on Nov. 8.
Biden Speaks Bluntly About Marijuana Reform
On October 6, 2022, President Biden took his first steps to overhaul federal policy on marijuana. In doing so, he pardoned individuals with federal...
New York
NY Cannabis Dispensary Rules Block Corporations, Leave Funding Gap
Without being able to sell stakes in their businesses, dispensaries owned by social equity applicants will need other funding sources.
Business
Cannabis Stocks Rise Amid Senator Schumer’s Confident in Passing Legislation
Yahoo Finance Live puts cannabis stocks under a microscope as congressional leaders voice their confidence in passing new marijuana legislation.
Marijuana Growers In Mature Markets Call For License Moratorium Amid Falling Prices
Calls are growing louder among growers to stop licensing new marijuana cultivation businesses in mature cannabis markets.
Entertainment
Sean “Diddy” Combs To Buy Cannabis Operations in New York, Two Other States for Up to $185 Million
The hip-hop mogul and entrepreneur is acquiring marijuana assets to be divested in the merger of Cresco Labs and Columbia Care.
12 Best Cannabis Strains of Harvest 2022
America’s tens of millions of monthly weed smokers, prepare yourselves for transcendence. Fresh, new cannabis flavors and effects hit store shelves over the coming weeks and months.
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