For the analysis, they studied the association between marijuana shops and home prices in 3 states, namely: Colorado, Michigan, and Oregon. The analysts took into account the yearly increase or decrease in median house prices for homes in zip codes with cannabis dispensaries and compared them to home prices in other zip codes. They found that houses in towns with cannabis dispensaries saw a rise in home values annually worth $4,400.
Planet 13's future growth plans are ambitious, to open more outlets in key Florida cities including Miami, Orlando, and Tampa. These locations were chosen carefully to capitalize on high-traffic regions and maximize market penetration. Planet 13's objective is to have 31 locations open by the end of the year, consolidating its position as Florida's biggest cannabis retailer.
Federal marijuana reform is not something that U.S. Sen. JD Vance, an Ohio Republican selected by Donald Trump to be his running mate in the November presidential election, believes in. “Is Vance a friend of the industry? Not,” said Steve Schain, a Philadelphia-based attorney specializing in cannabis banking and taxation issues, during an interview on Tuesday.
On July 14th, local prosecutors claimed the rapper was smoking cannabis onstage during his headlining set at a festival in Costinesti. Wiz Khalifa has addressed his illegal drug possession charge in Romania. On Sunday, July 14, the rapper, whose real name is Cameron Thomaz, 36, issued an apology on X (formerly known as Twitter) explaining he "didn't mean any disrespect" by smoking marijuana onstage during his headlining set at the "Beach, Please!" festival held in Costinesti.
The proposal to stop the Biden administration's attempts to reschedule marijuana and loosen federal regulations on the substance was adopted by the House Appropriations Committee last Tuesday technically as the RNC wraps up this week.. The Department of Justice cannot proceed with the rescheduling proposal, which seeks to transfer cannabis from Schedule I to the less restrictive Schedule III of the federal Controlled Substances Act (CSA), according to a measure that a Republican-led committee amended.
Solar-powered grow rooms are not a new concept. Historically, the main challenge has been cost efficiency. However, as solar panels become cheaper and more energy-efficient, this issue is diminishing. Another barrier to the adoption of solar-powered grow rooms is growers' unfamiliarity with such setups. Many growers prefer tried-and-true methods over experimenting with less-documented systems. The average grower has little room for experimentation, as failure could lead to crop and financial losses.
Governor JB Pritzker of Chicago claims that on July 1, 2024, retail cannabis sales in Illinois topped $1 billion. This sum comprises around $150 million for medicinal marijuana and about $850 million for adult consumption. Remarkably, this achievement occurred almost two weeks sooner in 2024 than in 2023 on July 10, when the $1 billion threshold was attained. Furthermore, cannabis sales increased to almost $2 billion in Fiscal Year 2024 from $1.9 billion in Fiscal Years 2023 and 2022 and $1.8 billion in Fiscal Years 2022.
On June 20, when Hayes-Hensley and another council member went to Webb's office to pick up his daily logs, they noticed a strong marijuana smell. This is when the incident started. "When I first said, 'Who has been smoking weed in here?'" The mayor of New Miami Village, a hamlet of 2,226 people in southeast Ohio, stated, "The smell of marijuana could knock you off your feet."
Rescheduling cannabis to a schedule 3 drug may or may not be off the board with the Supreme Court ruling that overturned a 52-year old decision on the Chevron Oil company. The cannabis industry was in a joyful mood at first and then followed by a panic attack as no one knew if the Chevron ruling was good or bad for possible cannabis legalization in America. Ironically, with conservatives looking to regain power in America, the only real avenue left for full marijuana legalization, not just rescheduling, in America, may be that very same Supreme Court.
At first, the marijuana industry was jubilent as the DEA no longer had the power to keep cannabis illegal! Then, as time set in, so did panic in the cannabis industry as now it seems the rescheduling of cannabis to a schedule 3 drug is going to get shelved by the DEA because they no longer have the authority to make medical and science decisions based on the new court ruling.
