Mar 07 2024
According to a new report, the global legal marijuana market is already valued at tens of billions of dollars, and is expected to nearly quadruple by 2033. The report found that the market will grow at a compound annual growth rate (CAGR) of 14.4% from 2023 to 2033. North America has contributed more than 70% …
Mar 07 2024
On February 9 Kamala Harris said “We changed federal marijuana policy”, in a video posted on the social media platform X. Despite that not being true, the video has been shared thousands of times and remains live. In less than a month, the video has been viewed nearly half a million times, it’s been shared …
Mar 07 2024
Legislation banning delta-8 THC has been approved by the Florida Legislature and sent to Governor Ron DeSantis. Florida’s Senate gave final approval to Senate Bill 1698 yesterday in a unanimous 39 to 0 vote. The vote came soon after the House of Representatives passed the bill in a much more contentious vote, 64 to 48. …
Mar 07 2024
According to a recent analysis, over half of all hemp grown legally in the United States is grown in California. According to an MJBizDaily analysis of the recent Census of Agriculture report released by the U.S. Department of Agriculture, California produced 56% of all U.S. hemp flower throughout 2022, which is used for a variety …
Mar 07 2024
Legal marijuana sales in Nevada were not far from a billion dollars in 2023, with well over $100 million in marijuana tax revenue. According to data released by the Nevada Department of Taxation, there was $936,031,174 in marijuana sold through licensed marijuana retail outlets and dispensaries in 2023. These sales resulted in $124,415,555 in marijuana …
Mar 07 2024
A legislative proposal “providing a tax exemption for medical cannabis patients” has been passed by Washington’s full legislature. By a vote of 82 to 14 in the House of Representatives and 36 to 13 in the Senate, House Bill 1453 has received final approval through the legislature and will soon be sent to Governor Jay …
Mar 06 2024
Next week a Tennessee legislative committee will consider the Free All Cannabis for Tennesseans Act to legalize recreational marijuana. House Bill 85 was filed last month by State Representatives Bob Freeman and John Clemmons. Today, the measure was placed on the calendar for consideration on March 12 in the Criminal Justice Subcommittee. This is a …
Mar 06 2024
The United States House of Representatives has past a $460 billion package of spending bills; included among them is a provision prohibiting the federal government from interfering with state-level medical marijuana laws. The House voted 339 to 85 to pass the package of bills, sending them to the Senate. Included in the portion of the …
Mar 06 2024
US Senate Majority Leader Chuck Schumer (D-NY) says the Senate will “work very hard” to pass the SAFER Banking Act prior to the November election. “We believe very strongly in so many things, and we are going to continue to work on the agenda that we put before us”, said Schumer at a recent press …
Mar 06 2024
A joint committee in Connecticut’s Legislature held a public hearing today on legislation to decriminalize the personal possession of psilocybin mushrooms. The Joint Committee on Judiciary conducted a hearing today for House Bill 5297, which states that “Any person who possesses or has under such person’s control less than one-half ounce of psilocybin shall, for …
