News & Insights
Hey Boomer! Pass That Joint…Thoughts on Marketing to Older Cannabis Users
Some of David Feldman’s lighthearted thoughts on cannabis marketing for adults over the age of 50.
Local Cannabis Reform Gains Momentum in Texas
In a pivotal move for local cannabis policy reform, Dallas voters may decide to decriminalize cannabis via an initiated charter amendment in November 2024. Activist groups Dallas Action and Ground Game Texas successfully collected more than 50,000 signatures to present the “Dallas Freedom Act” to Dallas City Council.
New York Cannabis Leader Resigns Following Critical Internal Review
In a dramatic turn of events for New York’s cannabis industry, Chris Alexander, the Executive Director of the State’s Office of Cannabis Management (OCM) has resigned. This decision comes in the wake of a thorough examination of his oversight of the tumultuous rollout of New York’s adult-use cannabis market. Governor Hochul had previously announced that Alexander would step down at the end of his term in September 2024, but on May 24, Alexander resigned. He will leave his position on June 7, 2024.
Proposed Rule to Reschedule Cannabis Officially Published in Federal Register
On May 16, 2024, President Joe Biden published a video providing his long-awaited announcement that the Biden administration is actively taking steps to reschedule cannabis under the Controlled Substances Act (CSA). Hours later, the Drug Enforcement Administration (DEA) published its Proposed Rule to Reschedule cannabis from Schedule I to Schedule III.
Mayor Adams is Taking Action Against Unlicensed Cannabis Shops in NYC
The proliferation of unlicensed cannabis dispensaries has posed a significant challenge to the regulated cannabis market in New York in recent years, especially in the city. With an estimated 2,900 illicit storefronts, these unauthorized outlets not only undermine the efforts of the Marijuana Regulation and Taxation Act (MRTA) and the Office of Cannabis Management (OCM) but also jeopardize consumer safety by peddling unregulated products. On Tuesday, May 7, 2024, New York City Mayor Eric Adams announced he is
finally
planning to crack down on these unlicensed cannabis shops.
Adult-Use Cannabis to Appear on the November Ballot in Florida
As the debate over adult-use cannabis legalization continues to gain momentum across the United States, Florida finds itself at a critical juncture with Amendment 3 slated for the November 2024 ballot. Sponsored by Smart and Safe Florida, Amendment 3 aims to legalize recreational cannabis for adults twenty-one (21) years of age and older, ushering in a new era of regulatory oversight and economic opportunity.
Ohio Legalizes Cannabis for Adult-Use
On November 7, 2023, Ohio voters passed a ballot measure to legalize adult-use cannabis, making it the 24th state to embrace legalization outside of medical use. The law passed easily with an estimated 56.79% vote (i.e., 2.144 million voters out of the 3.8 million who cast ballots). The law will take effect on December 7, 2023.
Entering the Cannabis Market: The Top Five Realities Cannabis Businesses Need To Know
The cannabis industry is growing rapidly, but it is very complex for any cannabis business to navigate for many reasons. Whether you are an entrepreneur considering entering the adult-use cannabis market for the first time, or you’re a legacy operator seeking entry into the adult-use cannabis market, there are a few things to understand. It is important to do your homework, consult experts, and build a strong team that is prepared for the challenges you will face as a cannabis entrepreneur.