The 10 Biggest Cannabis News You Missed from June 2024

 

Welcome to our monthly roundup of the most impactful cannabis industry news!

June 2024 has been a whirlwind of exciting developments, and we're here to ensure you don't miss a beat. Whether you're a business owner, an investor, or an enthusiast, staying updated with the latest trends and regulatory changes is crucial. Our curated list of the top 10 cannabis news stories from June will keep you informed and ahead of the curve.

This month's news covers a wide range of topics, from groundbreaking scientific research to significant legislative changes. We've scoured the headlines to bring you the most relevant and impactful stories that highlight the dynamic nature of the cannabis industry. So, grab a cup of coffee, sit back, and dive into the key events that are shaping the future of cannabis.

Top 10 Cannabis Business News for June 2024

1. NYC Retail Market Wakes Up in a Daze After Smoke Shop Day of Reckoning.

New York City's retail landscape was shaken as numerous unlicensed smoke shops were forcibly shut down. This crackdown followed growing concerns over illegal cannabis sales and public safety. 

Authorities padlocked several shops, reflecting a strict enforcement stance and aiming to curtail unregulated cannabis distribution. The action underscores the tension between legal market participants and illicit operators, highlighting the ongoing challenges in the regulated cannabis industry. Full story here

2. Colorado sues a business that allegedly marketed marijuana as hemp.

Colorado has filed a lawsuit against Gee Distributors, operating as CBDDY, for allegedly marketing marijuana as industrial hemp. The state's attorney general claims that the products sold contained THC levels significantly higher than legal limits. Additionally, CBDDY is accused of forging lab reports and failing to verify customer ages, potentially endangering consumers. This lawsuit highlights the ongoing regulatory challenges and the importance of compliance within the cannabis industry. Full story here

3. Travel on High: Cannabis tourism is continuing to grow.

In a significant win for the hemp industry, Florida Governor Ron DeSantis vetoed a bill that aimed to restrict many popular hemp-derived products. The proposed legislation sought to impose strict limits on delta-9 THC and ban synthetic cannabinoids like delta-8 and delta-10 THC. Governor DeSantis argued that the bill would place undue burdens on small businesses and fail to achieve its regulatory goals. This decision arrives as Florida prepares for a pivotal vote on the legalization of adult-use marijuana in November.  Full article here

4. California cannabis product recalls are on the rise.

California is experiencing a surge in cannabis product recalls, with the state issuing 23 recalls this year, up from just three per year in 2022 and 2023. The Department of Cannabis Control (DCC) and the California Department of Public Health (CDPH) have ramped up inspections and product testing, leading to recalls for issues such as the presence of aspergillus fungus and mislabeled hemp-infused beverages containing illegal THC isolates. This increase in regulatory action highlights the importance of compliance and safety in the cannabis industry.  Full story here

5. Ohio gives initial approval for first adult-use cannabis licenses.

Ohio has just taken a significant step forward in its cannabis journey! The state has given initial approval to 62 medical marijuana licensees to operate in the adult-use market, including dispensaries, cultivators, and testing labs. These businesses are now on the path to offering recreational cannabis, pending a few more regulatory hurdles. This exciting milestone promises to expand access and boost the local economy. Stay tuned, Ohio – the recreational cannabis market is just around the corner! Full story here

6. Louisiana bans THCA flower sale of hemp products at gas stations.

Hey folks! Big news from Louisiana – smokable hemp flower, including THCA flower, is now banned. Gov. Jeff Landry just signed House Bill 952, which means no more hemp products at gas stations or alcohol-licensed stores. Plus, there are new THC limits per serving, with a bit of wiggle room. This law is all about ramping up safety and keeping things in check. Stay tuned and stay informed!  Full story here

7. People’s Use Of Alcohol Or Opioids Causes Greater Secondhand Harms Than Marijuana Consumption Does, Study Finds.

So, a new study has found that using alcohol or opioids leads to more secondhand harm than marijuana consumption. The research highlights that people are more likely to experience adverse effects from others' use of alcohol or opioids compared to marijuana. This includes issues like physical violence or property damage. It's a fascinating insight into how different substances impact those around us. Stay informed, and make sure to check out the full details! Full story here

8. Why replacing alcohol with weed is a growing trend in the US?

There's a growing trend of people replacing alcohol with weed, and it’s catching on fast. Why? Well, many find that cannabis offers a more relaxed and less harmful alternative to booze. With fewer hangovers and a lower risk of addiction, it's no wonder weed is becoming the go-to choice for many. This shift is not just a fad but a significant change in how we approach socializing and relaxation. Curious to know more? Full story here

9. Youth See Reddit As ‘Viable Outlet’ For Marijuana Info, But Posts Often Have ‘Lack Of Verifiable’ Facts, Study Finds.

Did you know that a lot of young people are turning to Reddit for marijuana info? But here's the catch: a recent study found that many posts lack verifiable facts. While Reddit is great for sharing experiences and tips, it's crucial to remember that not everything you read is accurate. So, always double-check your sources and stay informed with reliable information. Let's keep our cannabis knowledge on point! Full story here

10. Older Patients Using Medical Cannabis ‘Experience Considerable Improvement In Health And Well-Being,’ Study Finds.

Hey folks! Exciting news for older adults using medical cannabis: a new study has found significant improvements in their health and well-being. Patients reported better pain management, improved sleep, and enhanced quality of life. This research highlights the potential benefits of medical cannabis for older patients, offering a promising alternative for managing various health conditions. It's great to see cannabis making a positive impact on lives! Full story here

Conclusion

June 2024 has indeed been a whirlwind of significant developments in the cannabis industry. From regulatory crackdowns in New York and Louisiana to groundbreaking studies on the benefits of medical cannabis for older adults, this month has highlighted the dynamic nature of the 420 market. Key states like Ohio and Florida are making strides towards expanding their cannabis markets, while California's increase in product recalls underscores the importance of compliance and safety. These stories reflect the ongoing evolution and challenges within the industry, emphasizing the need for businesses and consumers alike to stay informed and adaptable.

As always, staying updated with the latest trends and news is crucial for anyone involved in the cannabis sector. We hope this roundup has provided valuable insights and kept you informed of the significant happenings.

Before you go, don't forget to visit our store to restock your shop with the best cannabis products available. Our curated selection is designed to meet the diverse needs of your customers, ensuring you stay ahead of the competition. Thank you for staying informed with us, and we look forward to bringing you more updates next month!

 

Let’s continue to grow and succeed together!

BDD Team