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Leader of Wholesale Drug Distribution Network Pleads Guilty to Distributing Synthetic Cannabinoids and Laundering Millions in Proceeds

Cannabis Law Report

A Los Angeles man pleaded guilty today to being the head of a conspiracy involving the distribution of wholesale quantities of synthetic cannabinoids—commonly known as “spice” or “K2”—and laundering millions of dollars in the proceeds of the sale of that spice. Dept of Justice Press Release. ALEXANDRIA, Va. –

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Canada: Medical Cannabis & Cannabinoid Regulation 2021

Cannabis Law Report

Generally speaking, the federal government has the authority to regulate all aspects of the cannabis industry except for rules pertaining to sale, consumption and distribution, which are left to the provinces and territories, consistent with their constitutional jurisdiction over property and civil rights. Self-Regulation. Key Challenges.

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Trait Biosciences Completes C$31M Series A Round Led By Btomorrow Ventures, a Corporate Venture Unit of British American Tobacco

Cannabis Law Report

(VANCOUVER, BC , July 26, 2021)— Trait Biosciences ( [link] ), a leading cannabinoid biotechnology research organization, announced that it has completed a C$31 million (US$25.46 Our mission is to develop the world’s most comprehensive integrated approach to cannabinoid science, insights, and technology. About Trait Biosciences.

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The Economic Impact of the Medical Marijuana Industry: Trends and Projections

MMJ Recs

Recent trends indicate a growing interest in alternative forms of consumption, such as edibles, topicals, and concentrates, in addition to traditional flower products. Banking and financial restrictions pose challenges for businesses, limiting access to essential services and hindering investment opportunities.

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In Case You Missed It: Key Marijuana Law Developments in 2022

The Blunt Truth

The US Court of Appeals for the Ninth Circuit affirmed a lower court ruling holding that delta-8 THC is a legal hemp product under the 2018 Farm Bill and not marijuana or a synthetic cannabinoid. House of Representatives passed the America COMPETES Act, which includes the Secure and Fair Enforcement (SAFE) Banking Act. January 1, 2022.

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New Report Forecasts $40B Global Cannabis Market by 2024

Cannabis Law Report

cannabinoid market is expected to soar, helped by a number of developments, such as the legalization of hemp via the 2018 Farm Bill. The “State of Legal Cannabis Markets” report estimates that the total cannabinoid market in the U.S. remains to be the leader in terms of cannabis market size. billion by 2024.

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Dentons Weekly Cannabis Update

Cannabis Law Report

They write… In this week’s edition: Plans to vote on cannabis banking legislation announced in both chambers of Congress, with predictions that House will pass the SAFE Act by the end of October. House Majority Leader Steny Hoyer (D) intends to put the cannabis banking legislation on the floor by the end of September.

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