Wholesale weed prices have plummeted since California legalized recreational marijuana, and it’s a problem for growers that is only getting worse.
In a battle between hemp and marijuana, marijuana wins.
The bill applies to psilocybin (mushrooms), MDMA (ecstasy), LSD (acid), ketamine (Special K), DMT, and mescaline.
Long Beach lowered its marijuana tax rate in 2019. It paid off.
A bipartisan group of lawmakers has reintroduced legislation that would allow CBD dietary supplements to be marketed and regulated by the federal government.
Desert Hot Springs will lower its marijuana cultivation tax to make itself a more competitive destination for cannabis businesses.
U.S. Senate Majority Leader Charles Schumer (D-NY) said last week that he will push for federal marijuana legalization this year.
The US hemp industry hopes the Biden administration’s prioritization of climate change and green technology will ultimately produce a windfall.