business
Marijuana rescheduling leaves regulators and sellers cautiously optimistic
A move by the Biden Administration to change how marijuana is treated by federal authorities was met with cautious approval by Massachusetts state regulators, cannabis sellers, and national marijuana advocates alike.
The Drug Enforcement Agency will drop marijuana from the list of banned substances found under Schedule I of the Controlled Substances Act, where it currently sits alongside heroin and LSD. It will instead move it to Schedule III, among the likes of Tylenol with codeine and anabolic steroids. This follows the recommendation of the Department of Health and Human Services
“Rescheduling cannabis is a monumental step forward for the federal government, one that can open new avenues to research, medical use, and banking for the regulated industries states like Massachusetts have built across the country,” said Ava Callender Concepcion, the acting chair of the Bay State’s Cannabis Control Commission.
The best real estate decision that Ed Haselden said he ever made didn’t bring him riches.
He and his partners made no profit when, in late 2021, they sold the Rev360 office building they’d developed in RiNo. But it could have been worse.
“It would have cost us all a lot of money if we hadn’t bit the bullet,” he said last week.
Philip Morris International has selected Aurora for a new manufacturing plant to make its popular ZYN nicotine pouches, a product marketed to people wanting to stop smoking or chewing tobacco.
PMI plans to invest $600 million in a new facility on empty land at 48th Avenue and Harvest Road. When it is up and running, the plant will employ 500 workers making an average annual wage of $90,000, according to the company.
“These 500 jobs are good jobs,” said Stacey Kennedy, CEO of PMI’s U.S. operations based in Stamford, Conn., at a news conference held Tuesday morning at the Colorado Freedom Memorial in Aurora.
“No clown in our town!” residents chanted as they hoisted homemade protest signs that read, “No McDonald’s double drive-thru fast food dispensary on Castle Pines Parkway.”
It was May 28 in the bedroom community of Castle Pines, where the City Council was weighing whether to allow construction of the town’s first McDonald’s. About 100 people attended and two dozen testified. Most in the crowd and on the council were opposed.
“Garbage fast food that attracts low-income, high-yield traffic from a very busy highway isn’t what I want,” a woman testified. Another warned, “Your average McDonald’s transient customer — which means half are below average — isn’t the element we should be promoting.”
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Cannabis News1 year agoDistressed Cannabis Business Takeaways – Canna Law Blog™
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One-Hit Wonders1 year agoUnited States: Alex Malyshev And Melinda Fellner Discuss The Intersection Of Tax And Cannabis In New Video Series – Part VI: Licensing (Video)
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Cannabis 1011 year agoWhat you Need to Know
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drug testing7 months agoDrug Testing for Marijuana – The Joint Blog
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Education1 year agoNCIA Write About Their Equity Scholarship Program
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Cannabis1 year agoIt has been a wild news week – here’s how CBD and weed can help you relax
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Education1 year agoCity Of Oakland Issues RFP For Employee Training Programs