August 1 2024,

THE BIG IDEA

Hi all,

Lots going on as usual. Let’s get to it.

  • Reschduling would allow brands to advertise

Plus, so much more,

Alex

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RESCHEDULING WOULD ALLOW BRANDS TO ADVERTISE: AGENCY

In an analysis of rescheduling, the federal Congressional Research Service determined that moving to schedule III would lift an existing prohibition on advertising cannabis. It also affirmed that it would end industry hated tax rule 280E.
Marijuana Moment

However, the late July report determined that complications would remain:

“If marijuana moves to Schedule III, most of the consequences for its use or for marijuana-related convictions would remain the same…While the use of marijuana by prescription for medical purposes would become lawful, marijuana products that are available in dispensaries in many states across the country are not currently available via lawful prescription. It is uncertain if or when these products might be approved for such use and available via lawful prescription if marijuana is rescheduled to Schedule III.”

Read the story

QUICK HITS

Federal:

Business:

State and local:

Health and safety:

  • Lab execs have identified a “soup” of unknown chemicals in hemp-derived products, which they believe stem from the process of converting CBD into THC and other intoxicating cannabinoids.
    MJBiz
  • The federal National Institute of Drug Abuse (NIDA) awarded researchers $2.9M to make cannabis warning labels more effective.
    Marijuana Moment
  • A man was arrested after he ate 10 edibles and tried repeatedly to open the door on an American Airlines flight, forcing it to be diverted.
    McClatchy

Fun and interesting:

CALIFORNIA HITS

State:

Business:

Recalls etc.:

Local:

  • Santa Monica’s second REC shop opened. It’s Harvest House of Cannabis, owned by MSO Trulieve.
    Santa Monica Daily Press
  • Carlsbad could be the first city in San Diego Co. to ban smoking — tobacco and cannabis — in apartment buildings, both owned and rented.
    San Diego Union-Tribune
  • Sales in Fresno are growing, contrary to Central Valley trends.
    Modesto Bee 
  • Retailer The Artist Tree gave $40,000 to Fresno non-profits.
    GV Wire
  • Tourism is on the rise in Humboldt.
    KIEM

Recognition:

HIGH SOCIETY

Photo courtesy of Hirsh Jain

Glass House president Graham Farrar shows off his hardware at the California State Fair with Ananda Consulting‘s Hirsh Jain. Glass House’s Lilac Diesel strain won the Golden Bear award for mixed light (greenhouse) flower.

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