Good Morning Marijuana
Your Daily Cannabis Briefing
October 10, 2024
Wake and Bake Bulletin
Cannabis Odor and Vehicle Searches: Changing Legal Landscape
As more states legalize cannabis, courts are reconsidering the role of cannabis odor in vehicle searches. The Illinois supreme court recently ruled that cannabis smell alone doesn't justify a warrantless search, joining five other states with similar rulings, while Wisconsin's supreme court ruled the opposite.
Read moreMiami Herald Endorses Florida's Cannabis Legalization Initiative
The Miami Herald has endorsed Amendment 3, Florida's cannabis legalization initiative, which will be on the Nov. 5 ballot. The newspaper cites potential economic benefits and the need to redirect law enforcement resources as key reasons for supporting the measure.
Read moreTop 5 States for Weed Consumption in the US
This article examines the five states with the highest marijuana usage in the United States, focusing on Washington as the fifth-highest consumer. It highlights recent legislative changes in Washington benefiting medical cannabis users and notes the state's significant tax revenue from cannabis sales.
Read moreNJ Assembly Passes Bill to Protect Expunged Criminal Records,Marijuana Charges Included
The New Jersey General Assembly unanimously passed legislation to prohibit the dissemination of certain criminal history background information for individuals with expunged records, including marijuana charges. The bill aims to ensure privacy and fairness for those who have been granted expungement orders, particularly in cases where there is a backlog of unprocessed requests.
Read moreHydrofarm CEO Discusses Growth Strategies and Cannabis Industry Outlook
In a Small-Cap Spotlight interview, Hydrofarm CEO Bill Toler discusses the company's return to growth and strategies for participating in the cannabis industry's recovery. Toler outlines steps taken to improve efficiency, enhance margins through proprietary brands, and increase vertical mix, while also addressing risks and opportunities heading into 2025.
Read moreHazeworthy Headline
Cannabis Reform Takes Center Stage in 2024 Elections,MPP Releases Voter Guide
The Marijuana Policy Project has released its annual voter guide for the 2024 elections, focusing on gubernatorial and Senate candidates' stances on cannabis policy reform. With over 70% of Americans supporting legalization, the guide aims to inform voters about candidates' positions on this critical issue.
Why it matters: This guide is crucial for cannabis industry professionals as it highlights the potential for significant policy changes that could impact the market. Understanding candidates' positions can help businesses prepare for possible regulatory shifts and identify opportunities for expansion or advocacy in key states.
Read full storyMary Jane's Market Report
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The cannabis market experienced a downturn, with major players in the industry seeing declines across the board. Tilray (TLRY) dropped 1.21%, while Canopy Growth (CGC) and Aurora Cannabis (ACB) both fell by approximately 1.5%. Cronos Group (CRON) saw the most significant decrease, with a 2.30% decline.
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