San Francisco's Ban On New Cannabis Businesses, 'American Pot Story' Premieres & Latest Marijuana Regs

Missouri Courts At Risk Of Not Meeting Constitutional Deadline For Marijuana Expungements

Over 44,000 cannabis cases, out of which more than 10,000 were related to marijuana felony convictions and about 32,500 misdemeanors, have been expunged in recent months, reported KCUR.

Amendment 3, which legalized recreational cannabis in November, proposed the expungement of all nonviolent cannabis-related misdemeanors and felonies by June 8 and December 8, respectively.

However, experts stressed the courts are not equipped to handle those that remain before the deadline.

Cannabis Sales See A Slight Drop In April

Cannabis sales slipped 2.5% quarter-over-quarter in April, following a month-over-month 11.7% increase in March, reported New Cannabis Venture citing data analytics firm BDSA.

The BFSA report said Florida, Illinois, Maryland, Massachusetts, Michigan, Pennsylvania, Arizona, California, Colorado, Nevada and Oregon markets combined garnered $1.73 billion in cannabis sales for the month.

American Weed Documentary Premiere, Here's Where And When

East Coast audiences will have a chance to view American Pot Story: Oaksterdam this weekend reported Heady NJ.

The documentary is centered around the story of a group of underdogs who made progress pushing for cannabis policy change in California. It will be premiered at the Lighthouse International Film Festival on Saturday, June 10 and at the LBI Foundation of the Arts on 120 Long Beach Blvd in Long Beach, New Jersey.

Pennsylvania Lawmakers Join Movement To End Federal Cannabis Prohibition

PA lawmakers are expected to vote on a measure that would urge officials and agencies nationwide to de-schedule cannabis as a controlled substance, reported ABC27.

The resolution, sponsored by 17 state lawmakers led by Rep. Christopher Rabb (D-Philadelphia), recommends that Congress, President Biden, the Attorney General, the DEA and the Department of Health and Human Services all have to work together to reschedule cannabis from its Schedule I status as a controlled substance under the Controlled Substances Act.

"Rescheduling cannabis will establish an important step in harmonizing Federal and State policy to improve public health, reduce criminal justice expenditures, raise tax revenue and usher in economic growth," the resolutions said.

San Francisco's 3-Year Ban On New Cannabis Businesses

At a meeting Tuesday afternoon, the San Francisco Board of Supervisors voted unanimously to forbid any new cannabis businesses in the city for the next three years, reported San Francisco Examiner.

The move won't affect already established stores and applicants in the process of being approved.

Ahsha Safaí, author of the bill, said the cannabis sector is facing a multitude of issues, one of which is an excess amount of product and having to compete with the illegal market.

"It's a pause, not a ban," Safaí said, "and ultimately, we can revisit where this is in a few years."

Photo: Courtesy of Ramdlon, ganjaspliffstoreuk by Pixabay

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Cannabis is evolving – don’t get left behind!

Curious about what’s next for the industry and how to leverage California’s unique market?

Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!

Get your tickets now to secure your spot and avoid last-minute price hikes.