Your Top 5 News Stories - May 28, 2021

May 28, 2021


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New Analysis Shows Tax Revenue from Cannabis in the Billions
Study: As of May, and with medical sales aside, states reported a combined $7.9 billion in tax revenue from legal, adult-use cannabis sales. 

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Rappers, IPOs and Marijuana: The Blunt Facts
A surge in cannabis IPOs is seeing mega-cap food, beverage and tobacco companies jump aboard the market bandwagon with massive investments. 


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Nevada: Assembly passes bill to legalize cannabis lounges
Nevada’s cannabis consumption lounge legislation has cleared a major hurdle about a month before a moratorium on social-use venues expires. 

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Louisiana Senate Approves Smokable Medical Marijuana Bill
The move would notably expand the state’s medical cannabis law, allowing metered-dose inhalers but not whole-plant flower or smoking. 

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Cannabis Boom Creates Fears of Increasing Illicit Trade
Oregon residents report that water is being stolen, land being clear-cut, and neighbors threatened by growers as illicit grows increase. 


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