marijuana News

German Cannabis Legalization Uncertainty Is Spooking Investors

Investors in Germany’s cannabis sector are holding back and some startups risk running out of cash amid uncertainty over whether a partial legalization of the drug for recreational use will take effect as planned on April 1. After the ruling …

Cannabis Sales Outlook Promising for Insuring Cannabis Specialists

A new report shows global legal cannabis spending grew to $36 billion in 2023, and more importantly, that languishing sales in longer-legal states may soon start to swing back up – two big, encouraging signs for insuring cannabis specialists. BDSA, …

Lawsuit Filed Against Lighting Company Over Ohio Cannabis Facility Explosion

An Ohio cannabis manufacturer and its insurer are suing a lighting products provider for negligence after a lamp it sold exploded at a greenhouse, causing six figures worth of damages. Cure Ohio and Dorchester Insurance filed a complaint last week …

Germany Passes Law Legalizing Personal Use of Cannabis

German lawmakers approved a controversial bill legalizing personal use of cannabis, paving the way for controlled consumption of the drug from April 1. The legislation introduced by Chancellor Olaf Scholz’s government — a first step toward a planned broader legalization …

Germany to Approve Cannabis Bill This Week in Legalization Drive

German lawmakers will approve delayed legislation decriminalizing personal use of cannabis this week, paving the way for it to take effect on April 1, according to Health Minister Karl Lauterbach. The law, set to pass the lower house of parliament …

Lubbock, Texas to Vote on Marijuana Despite Attorney General Lawsuit

LUBBOCK — An effort to decriminalize possession of small amounts of marijuana in Lubbock is moving forward, despite Texas Attorney General Ken Paxton suing five cities this week for doing the same. Lubbock Compact, the organization behind the proposed initiative, …

Takeaways from Our Conversation on Selling Insurance to Cannabis Businesses in Newly Legal States

It’s a new year, and one thing we can look forward to is more new states bringing their cannabis markets online. For insurance professionals, new states offer the challenges of new regulations and new clients to explain the complex world …

Texas Sues Five Cities Over Marijuana Amnesty Policies

Texas Attorney General Ken Paxton has launched lawsuits against the cities of Austin, San Marcos, Killeen, Elgin, and Denton for adopting amnesty and non-prosecution policies that violate Texas laws concerning marijuana possession and distribution. The five municipalities adopted ordinances or …

Audit: Incomplete Information Led to Resignation of Minnesota Marijuana Regulator

ST. PAUL, Minn. (AP) — The Minnesota governor’s office did not have complete information about the woman the governor appointed as director of Minnesota’s new marijuana regulatory agency, leading to her surprising resignation after media reports about her financial problems …

Wisconsin Assembly Republicans Introduce Limited Medical Marijuana Bill

MADISON, Wis. (AP) — Wisconsin Assembly Republicans’ highly restrictive plan to legalize medical marijuana in the state drew a lukewarm response from Senate Republicans and Democratic Gov. Tony Evers on Monday. The bill would limit medical marijuana only to severely …