Cannabis News Today – July 4th, 2024 

Welcome to “Cannabis News Today,” a summary of the stock and regulatory updates for the Cannabis Industry.

Cannabis Industry Rescheduling Insights

In yesterday’s “Trade to Black” podcast episode, legal experts Eric Berlin and Darren Weiss discussed the Supreme Court’s impact on cannabis rescheduling. Despite concerns, Berlin emphasized that the rescheduling process remains largely unaffected. Weiss highlighted that anti-legalization groups are delaying efforts, hoping for a potential Trump administration. Both experts agree that scientific and factual evaluations by agencies like the FDA and HHS are crucial for rescheduling, and courts do not need to defer to agency interpretations under the Administrative Procedures Act. Read all about it on the TDR Website!

Skye Bioscience Appoints New Board Member

Skye Bioscience (Nasdaq: SKYE) has announced the appointment of Dr. Karen Smith to its Board of Directors. Dr. Smith brings experience in pharmaceutical development and commercialization to the company, enhancing its leadership team.

Grown Rogue Secures Promissory Note

Grown Rogue (CSE: GRIN, OTC: GRUSF) has secured a promissory note with ABCO Garden State LLC. This funds are to be used to support Grown Rogue’s expansion efforts and fund its strategic plan.

Kentucky Governor Beshear and VP Harris on Marijuana Reform

Governor Andy Beshear of Kentucky highlighted his collaboration with Vice President Kamala Harris on marijuana reform amidst speculation about a potential shift in the Democratic presidential ticket. Beshear emphasized the importance of decriminalizing marijuana and mentioned his efforts to promote medical cannabis in Kentucky, interviewed on CNN.  

Alabama Judge Extends Hold on Medical Cannabis Licensing

An Alabama judge has extended a hold on the state’s medical cannabis licensing process. The decision aims to address concerns and ensure a fair and transparent licensing procedure.

Mike Huckabee Criticizes Fake CBD Ads on Meta

Former Arkansas Governor Mike Huckabee has called out Meta (NASDAQ: META) for allowing fake CBD gummy ads using his likeness. Huckabee urged the company to take stronger measures against misleading advertisements.

Greenrose Files for Chapter 7 Bankruptcy

Greenrose Holding Company (OTC:GNRS) has filed for Chapter 7 bankruptcy in New York. The company cited significant debts and an inability to maintain its operations as reasons for the filing.

Read more cannabis news on the TDR Website!

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