🐀 Drug-Sniffing Rats

High rats take over New Orleans. Plus, Michigan police busts $1M illicit cannabis operation.

Happy Hump Day, Cannabis Investors! The rats of New Orleans are raging. According to NOLA’s Police Superintendent, “The rats are eating our marijuana. They’re all high.” Here’s what that says about cannabis in the Big Easy.

Plus, a psychedelic solution to cure binge eating and alcohol addiction?

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

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TOP STORY

Briefly: As the cannabis industry oscillates between booming growth and nail-biting volatility, it’s the perfect time for the next Benzinga Cannabis Capital Conference, slated for April 16 and 17, 2024, in Hollywood, Florida.

So Basically: The event promises to redefine the landscape for cannabis companies, offering a lifeline to those looking to solidify their foothold, steer through the market tumult and forge alliances that could shape their destiny.

So Then: It’s not just about showcasing products on an expo floor. It’s about breaking down barriers to directly engage with decision-makers at the helm of the cannabis industry’s future.

So What? This direct line to industry titans is not an opportunity you stumble upon every day.

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FIVE ZINGERS

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Exclusive: The fine wine of Edibles — Azuca's mission to rid the stigma behind cannabis treats

Minnesota regulators crack down on sale of cannabis flower being sold as hemp, violators face $1M fines

Legal weed in Ohio sends Police K9s into retirement as they can't unlearn cannabis detection skills. Now what?

ONE FOR THE ROAD

flashing lights cops GIF

Briefly: Despite Michigan's flourishing cannabis industry, which reported sales exceeding $3 billion in 2023, the state still has an illicit market.

What Happened: In the March 7 crackdown, the state police dismantled Michigan's largest illegal marijuana grow operation to date.

Specifically: The operation resulted in the seizure of over 6,000 marijuana plants, 2,500 pounds of psilocybin mushroom bars, and 700 pounds of marijuana flower. The market value of the flower alone surpasses $1 million.

Why It Matters: Illegal operators’ use of trafficked labor and hazardous chemicals enables them to undercut Michigan’s legal market, which happens to be one of the most affordable in the country.

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KEEP READING

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