Aug 14 2024
A new report conducted by Whitney Economics (WE), a global leader in cannabis and hemp business consulting, data, and economic research, finds that cannabis operators remain optimistic despite averaging only 27.3% overall profitability. The survey was conducted in June in order to compile data on the potential impact that cannabis rescheduling would have on small …
Aug 13 2024
As the legal marijuana industry continues to grow and mature across the United States, some states are experiencing notably high sales per capita. Using marijuana sales data from January to July 2024, this analysis highlights the top 10 states with the highest legal marijuana sales per person. Data was collected via state regulatory agencies, as …
Aug 13 2024
With medical marijuana now legal in 38 states, some states have witnessed particularly high enrollment in their cannabis programs as acceptance continues to grow across the United States. Based on the most recent data from state regulatory agencies and the Marijuana Policy Project (MPP), five states stand out for having the highest percentage of their …
Aug 13 2024
As the momentum for marijuana legalization continues to grow across the United States, several states are on the verge of joining the ranks of those allowing recreational cannabis use. While 24 states have already legalized marijuana, many others are actively moving toward legalization, including several states that have marijuana initiatives on this November’s ballot. Based …
Aug 12 2024
In 2024, a growing body of research has highlighted the potential therapeutic benefits of psilocybin, the psychedelic compound found in “magic mushrooms”. These studies, published in various peer-reviewed journals, have explored psilocybin’s effects on mental health conditions such as depression, anxiety, obsessive-compulsive disorder (OCD), and even Alzheimer’s disease, among other ailments. With that in mind, …
Aug 12 2024
The Drug Enforcement Administration (DEA) has spent the past three weeks, since July 22, reviewing public comments on the potential rescheduling of marijuana, a process mandated by law following the agency’s proposal to move marijuana from Schedule I to Schedule III under the Controlled Substances Act. The DEA is required to analyze every comment (there’s …
Aug 12 2024
With recreational marijuana now legal in 24 states, the cost of marijuana varies widely across the nation. Among the 23 states that allow licensed recreational marijuana sales, prices vary pretty drastically. This is due to a variety of reasons, including state-specific regulations and taxes. With that in mind, using data compiled by state regulatory agencies …
Aug 12 2024
Kratom, a plant native to Southeast Asia, has gained popularity in the United States in recent years for its potential benefits, including pain relief and overcoming opioid addiction. Despite kratom’s medical benefits, and despite it being used for thousands of years for therapeutic use, concerns about its safety and potential for abuse have led to …
Aug 12 2024
Twenty-four states have legalized the recreational use of marijuana, with all but one allowing licensed retail outlets. In this article, we’ll provide a breakdown of these 24 states and the specifics of their recreational marijuana laws. This November, three more states will consider initiatives to legalize marijuana for recreational use, potentially raising the total to …
Aug 11 2024
The legal marijuana market in the United States has grown significantly in recent years, with numerous states reporting record-breaking sales figures. As more states legalize and regulate the sale of marijuana, the industry continues to expand, contributing billions of dollars in revenue and tax benefits each year. In the first half of 2024 alone, the …
