SQ - Lawsuit Against US Attorney General And Record Cannabis Sales Two Of Many 2023 Marijuana Milestones | Benzinga
Though another year has slipped away without cannabis legalization or rescheduling on the federal level, the SAFE Banking Act still lingering somewhere in the halls of Congress and with precious few long-anticipated reforms enacted…other milestones took place in 2023.
Health and Human Services (HHS) provided scheduling recommendations to the DEA, Ohio became the 24th state to legalize recreational marijuana use and President Joe Biden pardoned thousands convicted of cannabis possession.
Not to mention Georgia which became the first state in the nation to allow pharmacies to sell medical marijuana even though the DEA recently acted against it. Whatever happens to medical marijuana sales in Georgia drug stores, the state’s decision to allow it marks a historic milestone for US cannabis.
Benzinga wanted to learn more about what industry veterans think of 2023, so we reached out to Patrick Rea, managing director of what is thought to be the longest-running cannabis investment fund, Poseidon Investment Management. We also talked with Socrates Rosenfeld, CEO and co-founder of Jane Technologies, an online ordering platform service for cannabis dispensaries, which this year inked a deal with a payment giant Square owned by Block Inc. (NYSE: SQ). In the end, we included the most insightful quotes from other big players in the space.
"Despite ...