marijuana

Before his death, the Grateful Dead’s Jerry Garcia tried to get clean after years of freebasing cocaine and other drugs, so he gifted a marijuana pipe to a fellow musician who socked it away in his San Francisco home. About 31 years later, the handmade pipe has resurfaced in a Marin County antique shop, whose owner considers it a unique rock ‘n’ roll artifact.“My shop is fun and a lot of fun stuff walks in the door,” Steve Cabella, owner of the Modern i Shop in San Anselmo, told The Times. “But when this walked in the…

Physical safety is also a concern that fintech startups are trying to address. The more banks that go online and enter the space, the safer the people involved in the industry will be. With Mastercard and Visa out of the game, newer software startups have stepped in to ensure that small and large cannabis retailers show transparency at each step. Simply moving customers from paper to a digital transaction platform helps a dispensary document their work and remain compliant with the federal government.Designing Anew and…

Canopy GrowthTom Franck | CNBCCanadian cannabis company Canopy Growth said Tuesday it's consolidating its U.S. assets into a new holding company to speed up its entry into the U.S. market.The company said the creation of Canopy USA will help it reduce costs and tap into the U.S. market, which is projected to be more than $50 billion by 2026. Marijuana is not yet federally legal in the U.S."As the growth of the U.S. cannabis market continues rapidly at the state level, this strategy enables us to take control of our own…

A MLB logo is seen before a game between the Oakland Athletics and the Los Angeles Angels at Angel Stadium of Anaheim on May 22, 2022 in Anaheim, California.Ronald Martinez | Getty ImagesMajor League Baseball is getting into the CBD game. The league is teaming up with Charlotte's Web Holdings Inc., a maker of CBD products, in an exclusive multi-year partnership. The deal marks the first time one of the four major U.S. professional sports leagues has formed a sponsorship agreement with a CBD company. Charlotte's Web makes…

President Joe Biden is pardoning thousands of Americans convicted of “simple possession” of marijuana, as his administration takes a dramatic step toward decriminalizing the drug and addressing charging practices that disproportionately impact people of color. He is also calling on governors to issue similar pardons for those convicted of state marijuana offenses, which reflect the vast majority of marijuana possession cases. Biden, in a statement, said the move reflects his position that “no one…

Editor’s Note (10/7/22): On October 6 President Joe Biden announced he would pardon “all prior federal offenses of simple possession of marijuana” and asked U.S. governors to do the same at the state level. He also called for a review of the classification of marijuana on the federal schedule of drugs. The U.S. House of Representatives has narrowly passed a bill called the Marijuana Opportunity Reinvestment and Expungement (MORE) Act. The bill would remove marijuana from the federal government’s list of illegal…

When father-son duo Richard Batenburg Jr. and Rick Batenburg III were approached about turning their cannabis business into a reality TV series, they had an immediate question: Why? “Frankly, we were shocked, because we don’t think we’re that interesting,” Batenburg III said via Zoom from his Denver office on Thursday. “But we’re very excitable and have a high risk tolerance. They saw potential in the family-business concept, so that’s how we ended up as the hub of the show.” The Batenburgs own and operate The Clear,…

Canopy Growth operations in Smiths Falls, Ontario.Tom Franck | CNBCCanopy Growth applauded President Joe Biden's announcement Thursday that he will pardon thousands of people convicted of marijuana possession."Today represents action from the Administration that we have been waiting for – an acknowledgement that cannabis prohibition has failed and that too many lives have been significantly impacted as a result," David Culver, vice president of government relations Canopy, said in a statement.Shares of the Canadian-based…

In an official presidential statement on Thursday, President Joe Biden pardoned all federal offenses of simple marijuana possession and said that his administration plans to review whether marijuana should still be classified as a Schedule I drug like heroin, LSD, and ecstasy. More than 6,500 people in the District of Columbia with prior convictions of simple marijuana possession will be affected, according to CNBC. Biden also said that his administration would request that all US governors pardon all similar statewide…

WASHINGTON —  President Biden announced Thursday that he will pardon all individuals convicted on federal charges of simple marijuana possession, a move that the White House estimated would affect more than 6,500 people.The pardons, which many Democratic activists have been calling for, are Biden’s most significant action to date in reforming America’s drug laws. They are also a clear effort to boost turnout in next month’s midterm election, which will decide whether the president’s party can hold onto control of…