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Magnolia Bakery gets in on cannabis.
There are few bakeries as famous as Magnolia, which started in New York City and has managed to draw fans from around the world with its sweets, in particular its banana pudding.
This week, Green Thumb Industries (via its Incredibles brand) announced that it will partner with Magnolia to sell THC chocolates in Illinois, Nevada, and Massachusetts. The chocolate bars will be a Swirled Famous Banana Pudding Bar and Red Velvet Piece Ahhh Cake.
“Incredibles is a perfect partner as Magnolia Bakery expands into the realm of cannabis edibles,” said Sara Gramling, VP of PR and partnerships at Magnolia Bakery, in the announcement.
“Magnolia Bakery is dedicated to crafting delicious desserts for visitors of all tastes and preferences and can now share our signature flavors with cannabis consumers in three markets. We hope that fans enjoy this all-new way to get baked with Magnolia Bakery.”
Recap: Penn. lawmakers debate cannabis with an eye toward state-run model.
The House Health Subcommittee on Health Care held a hearing yesterday called an “Informational meeting on Legalizing Cannabis for Adult Use.” While lawmakers didn’t debate any specific bills, and it was more of an information gathering effort, one clear theme emerged: lawmakers in Pennsylvania have questions about the state-run cannabis shop model.
Pennsylvania lawmakers have been reluctant to support legalization, despite some strong pushes in the past. Former Gov. Tom Wolf called for legalization in his budget, for example, and former Lt. Gov. John Fetterman conducted a listening tour about legalization across the entire state that found that 65-70% of those who turned out to town halls supported legalization.
Gov. Josh Shapiro supports legalization. But the legislature, with opposition from Republicans, remains unmoved.
Some concerns that arose on Wednesday include youth use and lackluster hope that legalization will be a revenue generator that’s been promised in other states. Still, Pennsylvania lawmakers are aware that movement at the federal level, as well as other states legalizing, could nudge their legislative hands.
“We know the changes may be coming at the federal level that could impact our ability to regulate. And it’s time for Pennsylvania to take agency in the conversation,” said Rep. Rick Krajewski, also the chair of the House Health Care Subcommittee.
DEA proposes an increased cannabis quota, again.
We reported this week that the DEA has proposed increases to the quotas it set last December for research-grade cannabis products.
Now, just days later, the DEA has published in the Federal Register its Proposed Aggregate Production Quotas for Schedule I and II Controlled Substances for 2024, and, yet again, the agency increases its amounts.
“DEA proposes APQs for d-9-THC and all other tetrahydrocannabinols for 2024 to reflect the relocation of manufacturing of these controlled substances from abroad to the United States,” the notice reads.
Here’s the breakdown:
• Delta-9-THC:
Original amount set for 2023: 384,460 grams
Proposed increase for 2023: 628,460 grams
Proposed amount for 2024: 900,610 grams
• “All other” tetrahydrocannabinol:
Original amount set for 2023: 15,000 grams
Proposed increase for 2023: 350,000 grams
Proposed amount for 2024: 790,010 grams
• Marijuana:
Original amount set for 2023: 6,675,000 grams
Proposed increase for 2023: None
Proposed amount for 2024: None
• Marijuana extract:
Original amount set for 2023: 1,000,000 grams
Proposed increase for 2023: None
Proposed amount for 2024: None
