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Happy Wednesday Cannabis Investors: Do you know which cannabis products pose the biggest challenge for safe disposal? If you guessed vape pens, you’re right. Here is why.

Plus, marijuana consumers spend significantly more on sports drinks, beer, and frozen foods compared to non-consumers. Here is a list of their DoorDash favorites.

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TOP STORY

GOP Blocks Cannabis Rescheduling and State Protections

Briefly: A GOP-led House committee has passed a bill to block the Justice Department from rescheduling marijuana, maintaining strict federal oversight.

Also: An amendment to protect all state and tribal cannabis programs, including recreational use, was rejected.

What Next: The outcome of this legislative process remains uncertain, particularly with respect to how the Democrat-controlled Senate will respond to the House's stance on cannabis rescheduling.

Click here to read more.

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Join the Benzinga Cannabis team and cannabis finance titans, Adam Stettner, Seth Yakatan, and Henry Miller for a special virtual event about the ins and outs of cannabis capital.

ZINGERS

State Regulation: Ex-Highway Patrolman Turned Cannabis Entrepreneur Criticizes Gaps In South Dakota's Hemp Regulation

New York Cannabis: NY Cannabis Regulators Sued For $300M Over Unrealized Surveillance Contract

Cannabis In Europe: First Insights From Swiss Pilot Cannabis Sales Show Shift To Safer Consumption Trend, Fewer Purchases At Illegal Market

Cannabis Employment: Pittsburgh PA Bill Seeks To Protect Medical Cannabis Patients From Job Discrimination

Hold My Beer: Breweries Offer THC On Tap In Minnesota, What Investors Need To Know

ONE MORE FOR THE ROAD

Licensed But Closed: New York's Cannabis Dream Faces Bureaucratic Nightmare

Briefly: New York’s dream of a thriving legal cannabis market for many licensed retailers remains just that – a dream, as the gap between the issued licenses and operational dispensaries widens alarmingly.

What Happened: The New York Office of Cannabis Management has issued a total of 1,117 licenses, yet only about one-tenth of these businesses are operational.

Why It Matters: As of 2024, only 141 dispensaries have opened their doors. This slow rollout impacts not only business owners but also hampers efforts to curb the sprawling illegal market, estimated to include around 3,000 unlicensed shops in New York City alone.

Read more here.

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