Happy Tuesday, Cannabin-vestors! In the immortal words of JAY Z, “Whatever you like to do, get into your comfort zone.” His comfort zone might be courtside seats at Barclays Center. But now even us plebs can get into ours before the next Brooklyn Nets game. The Travel Agency just opened its second Brooklyn dispensary, doors down from the arena. Talk about big balling. 

Plus, microdosing can boost creativity and productivity — but it’s a thin line before you’re greening out at a board meeting. So here’s our simple guide to microdosing marijuana.

And, check out the newest episode of Cannabis Insider, also available on Apple and Spotify.*

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TOP STORY

DOJ Seeks Dismissal Of Lawsuit Challenging Federal Marijuana Prohibition

Briefly: The “Puff Puff” industry sued the Attorney General. But the Justice Department is saying, “Pass.”

What: The DOJ plans to request the dismissal of a lawsuit against U.S. Attorney General Merrick Garland by a coalition of cannabis businesses in Massachusetts challenging federal marijuana prohibition in state markets.

Why: The lawsuit seeks to confirm the rights of Massachusetts and other states to regulate cannabis and argues that prohibition in state markets is unconstitutional and creates public safety risks.

Who: Plaintiffs include Green Thumb Industries (GTBIF), Ascend Wellness (AAWH) and more.

So What? This latest development comes as we await the DEA’s decision on the HHS’s recommendation to reschedule cannabis from Schedule I to Schedule III.

What Next: The DOJ is also facing challenges to federal cannabis policy on several fronts. Read more here — or just scroll down a little further.

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FIVE ZINGERS

Florida Man: Governor DeSantis thinks recreational cannabis use will be on the Florida state ballot in 2024.

Demystifying Rescheduling: There’s a lot of chatter out there to sift through, so here are 4 potential effects of a shift to Schedule III.

Lifted Leverage: The Cannabist Company (CBSTF) will officially effect a repurchasing agreement to reduce leverage by up to $25 million.

Alphabetical Order: Missouri and Montana are both at a cannabis legislation crossroads.

BIG Deal: Check out our exclusive deep-dive into Hawai’i’s own locally-sourced cannabis company Big Island Grown.

ONE FOR THE ROAD

Does Marijuana Use Cost You Your Right To Bear Arms?

Briefly: The U.S. Supreme Court is currently deciding if it will, well, decide.

So Basically: SCOTUS justices are deliberating whether to hear an appeal of a circuit court ruling that found restricting cannabis users from owning guns violates the Second Amendment.

Back Up: The legal fight revolves around Section 922, which prohibits “unlawful users” of controlled substances from possessing firearms. But, in a landmark decision last summer, a federal appeals court struck down the ban.

Fast Forward: The Fifth Circuit decision has its fair share of supporters — even surprising ones. Florida Governor Ron DeSantis, who has taken a stance against federal legalization, called the ban “unconstitutional.” 

So What? As lawmakers work to extend basic rights to cannabis companies and users alike through bills like the SAFE Banking Act, the firearms issue opens a unique debate, with supporters and critics on both sides of the aisle.

What Next: Could a potential decision by the Supreme Court change the course of the cannabis industry? Read more here.

KEEP READING

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