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https://www.patreon.com/marijuanamoment | | Newly elected incoming Senate Majority Leader John Thune (R-SD) not only opposes marijuana legalization, but has also called for a reversal of the Biden administration's plan to reschedule cannabis and has criticized Democrats for working to increase the industry's access to banking services. - The rescheduling rule "fails to provide adequate science and data to support moving marijuana to schedule III and should not have been signed or published... It remains the case that marijuana has no currently accepted medical use."
| | | Missouri's legal marijuana market has grown to $1.4 billion—outperforming states with older cannabis legalization laws like Arizona, Colorado and Nevada. | | | / REACH MARIJUANA MOMENT'S READERS | |  | Marijuana Moment's website gets 3-5 million pageviews every month, and around 1 million unique visitors each month. This daily newsletter hits the inboxes of 90,000+ cannabis industry professionals, investors, consumers and regulators every weekday morning. Find out how your business or organization can reach our growing reader base through several advertising opportunities we have opening up next month. Details are in our Sponsorship Opportunities deck. | | President-elect Donald Trump reiterated his support for using the death penalty against people who sell illegal drugs.
The National Cancer Institute is supporting a study on the "safety and side effects of a second episode of psilocybin-assisted group therapy and how well it works in treating anxiety and distress in patients with cancer that has spread from where it first started." | | Colorado's attorney general touted a $225,000 settlement agreement with a cannabis company accused of misrepresenting industrial hemp products and other violations.
Wisconsin's Assembly speaker suggested it could be difficult to get "consensus" among Republicans on legislation to legalize medical cannabis.
A Pennsylvania senator discussed his bill to allow medical cannabis patients to obtain concealed carry permits for firearms.
New York regulators are being sued by cannabis farmers over alleged license stacking that benefits larger players.
California regulators posted an update on enforcement efforts against recently prohibited hemp products.
Maryland regulators launched a cannabis public health data dashboard.
Missouri regulators transferred $6.5 million from the medical cannabis program to the Missouri Veterans Commission. | | Former Philippine President Rodrigo Duterte said the International Criminal Court should "hurry up" with its investigation into the nation's bloody "war on drugs," and the current government said it would be obliged to comply with any international arrest warrant over the issue.
The New South Wales, Australia Legislative Council Portfolio Committee No. 1 - Premier and Finance published a report on cannabis regulations. | | | / MARIJUANA BILL TRACKING | |  | Marijuana Moment's Bill Tracker is watching more than 1,500 cannabis, psychedelics and drug policy bills in state legislatures and Congress for 2024 sessions. You can track votes, amendments and sponsors—and find out when marijuana and drug reform legislation is scheduled for committee hearings so you can tune in and see what happens. Access is available to Marijuana Moment readers supporting our cannabis advocacy journalism with Patreon pledges of at least $25 per month. If you work in the cannabis industry or legalization movement, you need to know about pending policy changes that could affect your plans. Accessing Marijuana Moment's Bill Tracker is the easiest and most affordable way to make sure you don't miss anything important. And, your pledge helps support our ongoing cannabis news reporting. | | A study "demonstrates the safety and efficacy of [phytocannabinoid]-based formulations for cosmeceutical applications."
A study of mice found that cannabis extract "can be a promising alternative for the treatment of obesity and its consequences." | | | / ADVOCACY, OPINION & ANALYSIS | | | The U.S. Cannabis Council hired Mercury Public Affairs. | | AYR Wellness Inc. reported quarterly net revenue of $114.3 million and a net loss of $50.5 million.
WM Technology, Inc. reported quarterly net revenue of $46.6 million.
iAnthus Capital Holdings, Inc. reported quarterly revenue of $40.3 million and a net loss of $11.6 million.
Unrivaled Brands filed for bankruptcy.
Illinois dispensaries sold $22.2 million worth of medical cannabis products in October. | | | Sting said he has "smoked marijuana, but it's not so interesting to me anymore." | | Thanks to The 420 Club, ARCATA.IO, Aura Advisors, Aventine Property Group, Baked Audiences by Statara, BillTrack50, BioTrackTHC, BOWL PAC, Bridge City Collective, Cannabis Industry Lawyer, Cannabis Public Policy Consulting LLC, CannaCard®, CBD Oracle, CLS Holdings USA, Council for Federal Cannabis Regulation, Boston Dickerson, Dope Tax Pros, Durée & Company PR, Robin Ely MD, Jacqueline Ferraro, Frantz Ward LLP, Gretchen Gailey, Ganjapreneur, Geronimo Capital, Glass House Brands, The GMP Collective, The Green Closet By Gaea, Green & Purple Smoke Shop, Groovy Hemp Company, Hager Law LLC, HAT Law Firm, High Yield Insights, Angela Janis, Pete Kadens, Kanna CBD, John Kirk, Kusheo, Law Offices of Omar Figueroa, LiberateFlorida.com, Jessica Lee, Marijuana Supply Networks DBA/ MSN Packaging Inc., Maverick Public Relations, MBO Ventures, Ryan McQueeney, Mike & Colin at MJResearchCo, The Millennial Lawyer, National Cannabis Roundtable, Park Strategies Cannabis Practice Group, Pot Brothers at Law, Reason Foundation, Tick Segerblom, Manny Serrano, Shield Compliance, Mark Singleton, Andrea Steel, Esq., Subversive Capital, Takoma Wellness Center, TavCanna, Texas Cannabis Collective, Theory Wellness, Tinkler Professional Accounting Services, LLC, Torch Cannabis Co., James Tuttle, VanSon Advisory Services Inc., WAAVE and YourCanna-Club for being substantial Marijuana Moment sustaining subscribers. | | Support from subscribers who value this daily dispatch enough to show their appreciation with a few dollars helps me keep going. If you can afford it, please chip in and support us on Patreon. | | See Marijuana Moment's sponsorship and advertising policy here. | | | / MARIJUANA MOMENT WIRE SERVICE | |  | Give people a reason to keep coming back to your business's website by syndicating Marijuana Moment's breaking cannabis news and analysis. Marijuana Moment's Wire Service helps paying subscribers boost SEO and lets your potential customers know you are watching all the latest key policy developments that affect them. Now you can publish smart cannabis content on your site without having to hire your own dedicated editorial staff to track, make sense of and synthesize news developments your readers are looking for information about. Contact Marijuana Moment for pricing information today. | | | | | | | |
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