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Is The Administration Racing To Reschedule By 4/20

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After dragging their feet  for 3 years, the Biden administration seems to be putting some juice to get the DEA to move

Is it opening the door to a new era? It seems the Biden administration has suddenly decided to follow up on their 2020 campaign promises. But does the sense of urgency reflect not only their need to engage younger voters but something else? Is the administration racing to reschedule by 4/20. President Biden brought up federal rescheduling as part of his proclamation declaring April to be “Second Chance Month.”  Followed by his mentioning it in the State of the Union, this should be a signal to the Federal Drug Agency (FDA) to move on the recommendation by other agency and act.

RELATED: California or New York, Which Has The Biggest Marijuana Mess

Having made the promise, for almost the first 3 years of his tenure, Biden barely acknowledged the cannabis industry. This despite sales in the industry continues to grow and now, over 50% of the country has legal access to products.  Those under 40 have an entirely different take on marijuana with Gen Z drifting away from alcohol and moving to weed.  Beer sales have mirrored the societal shift. They have been out of step with the public.

joe biden kamala harris
Photo by Chip Somodevilla/Getty Images

Biden is struggling with younger voters. Media like the New York Times has been piling on by highlighting why he is losing and gently making it a much bigger issue.  The campaign is concerned and sees to reengage this demographic. Biden is viewed favorably by only 31% of people ages 18 through 29, much worse than he fares with other age groups, according to a recent Economist/YouGov poll.

The White House begrudgingly started the process of rescheduling last year.  Currently, cannabis classified as having zero medical benefit is lumped into the same category as heroin and LSD.  Neither alcohol or tobacco are boxed into this category despite having zero health benefits and litany of problems the does cause.

Rescheduling would be an immediate benefit to an industry struggling with a host of issues including tough business rules around the classification, chaos in the New York and California market, and a dropping of flower prices.  Some older Senators including James Risch (R-ID) and Pete Ricketts (R-NE) are making a last ditch effort to stop the process.

RELATED: Americans Want It, Some Politicians Prefer a Nanny State

While 4/20 has long been a wink wink nod to marijuana use for those in the know, thanks to the legal sales it is another big media day.  Like the 4th of July or Drinksgiving/Green Wednesday, it is a time where they could get the most engagement with the public.



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Cannabis Industry Employs The Same As These Companies

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The cannabis industry has had a rough couple of years, but things are looking brighter.  The one constant positive is consumer demand has continuously increased. You know it is good when Missouri has over $1 billion in sales last year. And, despite the struggles, the industry continues to grow.  In fact, surpassing other job reports, the cannabis industry grew 5%. Around 440,000 work in market as of today.  It is a clear indicator legal cannabis is here to stay.

RELATED: California or New York, Which Has The Biggest Marijuana Mess

While 440,000 is a big number – how big is it in relation to other industries?  BDSA, an analytical firm who covers cannabis, reported the industry made $29.5 billion in the legal market. It would have been over $30 billion if not for the chaos and huge illicit market in New York.  Like most industries, the weed one includes dispensaries, manufactures, some ancillary services, farmers and management.  It is also a very small sliver of greater farming community. America’s farm families represent two percent of the population and help feed the other 98%.

standing people during daytime

Subway Sandwiches with a revenue of 16.5 billion employees roughly 410,000 including the franchises.

Grocer Kroger employs 430,000 in 36 states in 2,700 locations with sales of $150,000.

Target has 440,000 in their US retail stores with sales of $107 billion.

Starbucks and their famed coffee have 381,000 brewing almost $36 billion in sales at 16,449 locations.

Dentists, clocking in at half the number at 202,000, but if you fold in everyone in the industry including dental hygienists, they have 1,140,861 people employed in the US dental industry as of 2023.

CocaCola’s total number of employees in 2022 was 82,500. This helps drive the juggernaut of beverages with more than 1.9 billion servings of drinks sold in more than 200 countries each day.

RELATED: The Most Popular Marijuana Flavors

The US alcohol industry supports around 4 million jobs, including employment in production, distribution, sales, bartenders and other related services.  They help drive the drinks market of $183.5 billion last year.

Constellation, the alcohol company invested in cannabis has approximately 10,000 employees and Diageo has 3,100 people across North America.

Tobacco manufacturing in 2021 had 16,767 people and generated $886.09 billion in 2023.

The U.S. pharmaceutical industry employs over 1.3 million people. It is the largest pharmaceutical market generating over $550 billion dollars.

There are 29,711 people employed in the Strip Clubs in the US as of 2023.

RELATED: The Most Popular Marijuana Flavors

As the cannabis market continues to grow and partner with adjacent industries, it will another part of employments, economy and everyday life.



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Edibles For The Adult Easter Basket

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Sweets and treats are part of Easter – but what about some adult fun with special treat

Easter is a filled with lots of traditions, including sweets and treats. Chocolate bunnies, Peeps, and more fill bags and baskets with goodies which seem to disappear within days. Consumers will spend around $3.1 billion on candy alone for the weekend.  But what about having something special, maybe edibles for the adult Easter Basket. BDSA, a leading analytics firm which covers the cannabis industry shared it is another strong year for the marijuana industry. The reports reflects the growing acceptance of people consuming and the public becoming more accepting of medical marijuana.

RELATED: The Most Popular Marijuana Flavors

If you decide to pop a little something into an adult Easter gift, the first choice would be gummies. BDSA’s data reveals 49% of cannabis consumers have used a gummy. They are tasty, dosed in a manageable way and discreet. Next would be chocolate edibles, easy to use and dispensary bought have convenient dosing.  Chefs have jumped into the game and, for some, the taste is something you would purchase at a high end chocolatier. You can also get other flavors including cookies and cream.

brownies
Photo by skeeze via Pixabay.

A couple of things to remember if you give a special treat. Most edibles will be in a 2.5-10 mg.  If they are a canna-newbie, make sure they wait 30-45 minutes after eating to allow time for the body to absorb the marijuana.

RELATED: Fun And Easy Easter Cocktails

Of course, you can go old school and make special brownies.  If you do, if you have a couple of choices. Cannabutter is a classic choice for marijuana brownies. Simply swap a portion of the butter requirements with cannabutter. Canna-oil the other option for baking. Like cannabutter, replace the oil in the recipe or augment the oil’s amount by mixing it with canna-oil.

Ingredients

  • 4 oz unsweetened chocolate
  • 3/4 cup cannabutter
  • 2 cups sugar
  • 1 cup flour
  • 3 eggs
  • 1 tsp vanilla extract
  • 1 13 x 9 baking pan lined with aluminum foil

Create

  • Preheat oven to 350 degrees
  • In a microwave-safe bowl, melt the chocolate and cannabutter together
  • After your chocolate and cannabutter are smoothly combined, blend in other ingredients
  • Ensure a uniform batter, creating the perfect brownie consistency and potency
  • Gently pour your brownie batter into your foil-lined baking tray
  • Bake for 35 minutes or until  until the edges are firm, and the center is slightly gooey
  • Cool and serve



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New Jersey Is Taking A Huge Bite Of The Big Apple’s Weed

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New Jersey is definitely the shining star when it comes the legal weed market.

New York City is the supposed to be the crossroads of the world…but it seems things are more headed to the Jersey shore.  With their neighbor’s chaotic rollout of legal cannabis, it seems New  Jersey is taking a huge bite of the Big Apple’s weed – at least the legal part of it! New Jersey’s cannabis market earned $800+ million in medicinal and recreational cannabis sales in 2023.  That is compared to New York’s $174 million.

RELATED: California or New York, Which Has The Biggest Marijuana Mess

New Jeresy’s rollout of legal cannabis has been smooth and well received by the population and consumers.  Their program was up and running in April of 2022 and the industry brought in a healthy $555+ million in 9 months.  The tax revenue has been a boon for the state and there hasn’t been in major hiccups.  This is great compared to their next door neighbor which seems to lurch from issue to issue.

Dispensary Job Market Still Strong Despite Lockdowns
Photo by Jeff Vinnick/Stringer/Getty Images

Leading analyst firm BDSA which also including cannabis predicts if New York State is able to correct the mess left in the rollout – they can be the #1 market and possibly be the first state to hit $2 billion.  It is estimated the licensed businesses lost $1.2+ billion in revenue to the illegal stores just in 2023.  And the state lost tax revenue on the amount.

RELATED: People Who Use Weed Also Do More Of Another Fun Thing

New Jersey Cannabis Regulatory Commission (NJ-CRC) Executive Director Jeff Brown predicts they state will be the premier region for cannabis sales.  Ultimately it will be good for state coffers.  The negative is the only big money difference from the Big Apple is in legal and tax revenue.  New York still has over 1,500 illicit dispensaries in New York City alone.  The business is there, they just are contributing to the black market which goes unregulated, unrecorded and undisciplined.

Currently, in their mid-range predictions, BDSA has faith New York will course correct and be the top state with New Jersey second.

 

 



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