ARE VAPES AT RISk?
Cannabis vaping products have been a huge success for the industry. “Seattle-based data-analytics firm Headset recently reported that vapes were the second-largest category by revenue behind flower in the U.S. cannabis market during 2020 and 2021. The category logged nearly $2.6 billion in retail sales across six adult-use markets last year.” The FDA came down on Juul last week by banning them in the U.S., which the company is appealing. The main difference between Juul and the cannabis industry is that Juuls were becoming a product for underaged kids. As of now, the cannabis vaping industry should be safe, for now. greenmarketreport.com
Federal Workers can now consume.
A senate committee last week voted to approve a measure that would prohibit the federal government from denying security clearance to government officials because of their cannabis usage history. It sounds like a broader allowance for government officials is coming, with provisions like allowing the current use of cannabis to also get security clearance. More to come on that.
SHROOMS COMING FOR NJ.
New Jersey Senate President filed a bill last week that would legalize Psylocibins. This bill is different than when they legalized cannabis since individuals in New Jersey currently cant grow their own marijuana, but under this new bill, individuals will be allowed to grow their own Psylocibins. The new bill from the Senate president would significantly expand on legislation he introduced in late 2020 to reduce penalties for possession of up to one ounce of psilocybin that was signed by Gov. Phil Murphy (D) last year. marijuanamoment.net
