Washington State Pays Out $9.4 Million in Refunds Relating to Drug Convictions
In July, Washington State recently opened its online reimbursement center, called the Blake Refund Bureau, to cover court-ordered fines or costs in relation to drug possession convictions. Since then, the state has already approved reimbursements for a total of $276,000. The Administrative Office of the Courts (AOC) launched the Blake Refund Bureau more than two […]
Connecticut Cannabis Sales Continue To Rise in August with $25 Million in Sales
New data on monthly cannabis sales in Connecticut shows that numbers have increased yet again. The Connecticut Department of Consumer Protection (DCP) said in a press release that between Aug. 1-31, the combined total of both adult-use cannabis and medical cannabis sales reached almost $25 million. “The adult-use market recorded more than $14 million in […]
Half a Million Fentanyl Pills Disguised as Oxycodone Confiscated by San Bernardino Sheriff’s Office in One Week
Last week was busy for the San Bernardino Sheriff’s Department, who reported Monday that they confiscated over 500,000 fentanyl tablets that were disguised as ”M30” oxycodone pills. One of the primary reasons people overdose on fentanyl is because they think they are taking a less powerful opioid, typically disguised as an oxycodone or hydrocodone pill. […]
New Jersey Cannabis Tax Revenue Provides $5 Million to Violence Prevention
New Jersey Gov. Phil Murphy and Attorney General Matthew J. Platkin recently revealed an initiative that provides a total of $15 million to support Community-Based Violence Intervention (CBVI) programs, a portion of which comes from a dedicated cannabis tax fund. According to a press release, Murphy has helped facilitate the use of more than $40 […]
COMPASS Pathways Secures $285 Million Towards Psychedelics for Mental Health
COMPASS Pathways, a biotechnology company dedicated to innovation in mental health, gained $285 million in private funding to research psychedelics, Behavioral Health Business reports. This amount should be enough to back their work through late 2025. By then, Biden willing, there is hope such treatment methods will have FDA approval. “We view this investment as […]
Uruguay’s Historic Legalization: Six Years, And More Than 10 Million Grams Later
This month marks six years since Uruguay launched legal recreational sales in the country, and newly released data illuminates how successful the cannabis program has been. The South American country’s Institute for Regulation and Control of Cannabis released the figures, which were detailed by Forbes. Cannabis pharmacies in Uruguay “have sold 10,693,210 grams of marijuana […]
Maryland’s First Week of Adult-Use Cannabis Sales Tops $20 Million
Maryland’s first week of regulated sales of adult-use cannabis totaled more than $20 million dollars, only eight months after voters legalized recreational marijuana in the 2022 general election. Legal sales of adult-use cannabis began on July 1, with nearly 100 of Maryland’s medical marijuana dispensaries now licensed to sell cannabis to all adults aged 21 […]
New York Cannabis Social Equity Fund Secures $150 Million Investment
New York Governor Kathy Hochul last week announced that the state’s cannabis social equity fund has secured a $150 million investment to support entrepreneurs licensed to open recreational marijuana retail shops. Under the terms of the deal, Chicago Atlantic Admin, LLC will invest up to $150 million in secured capital to provide loans to business […]
Mets Owner Steve Cohen Donates $5 Million In Support Of Psychedelics Research
The philanthropic group led by New York Mets owner Steve Cohen and his wife, Alexandra, is donating millions of dollars toward the advancement of research into psychedelic drugs. The Steven & Alexandra Cohen Foundation has offered a $5 million grant to MAPS, or the Multidisciplinary Association for Psychedelics Studies, a nonprofit dedicated to researching the […]
Connecticut Sells $23 Million Worth of Cannabis in May
Connecticut raked in $23 million worth of cannabis this May, NBC reports. And that figure isn’t an aberration. The raw figures show that money earned from adult-use cannabis sales increased monthly this year. In April, Connecticut earned $21 million from legal cannabis sales. Of the $23 million total earned in May, $11.5 million came from […]