Sep 12 2023
A group of Republican lawmakers, led by Senator James Lankford (R-OK) and Representative Pete Sessions (R-TX), have sent a bicameral letter to the Drug Enforcement Administration (DEA) urging the agency to not remove marijuana from the list of Schedule I drugs. In a letter sent recently to the Drug Enforcement Agency (DEA), the Department of Health …
Sep 11 2023
The New Jersey Cannabis Regulatory Commission has passed new regulations that significantly expand the type of marijuana products licensed retail outlets and dispensaries can sell. Recreational marijuana was legalized in New Jersey in 2021, with licensed marijuana retail outlets opening the following year. Despite allowing marijuana-infused “syrups, pills, tablets, capsules and chewables” to be sold …
Sep 11 2023
Marijuana sales in August have broken the monthly record set in June. There was $24,938,642 worth of marijuana and marijuana products sold legally in August, according to the Connecticut Department of Consumer Protection. $10.9 million of this was purchased by authorized medical marijuana patients. Total sales pass, by $1 million, the monthly record set in …
Sep 11 2023
A landmark study recently published in the journal Scientific Reports under the umbrella of Nature, offers new insights into the potential benefits of psychedelics on mental well-being during the challenging circumstances of the COVID-19 pandemic. The research, conducted collaboratively by several institutions, including ICEERS, Universitat Rovira i Virgili, the University of São Paulo at Ribeirão …
Sep 11 2023
Results of a new study “confirm that in vivo CBD blocks development of breast cancer tumors formed by cells induced to malignancy by IL-1β, endorsing its therapeutic potential for cancer treatment.” Conducted by researchers at the Avenida Instituto Politécnico Nacional and Universidad Nacional Autónoma de México, the study was published by the International Journal of …
Sep 10 2023
The Global Cannabis Stock Index has had a considerable increase since the yearly low set in August. Following news that the Department of Health is requesting the DEA reschedule marijuana from Schedule 1 to Schedule III, the Global Cannabis Stock Index increased from 7.42 on August 29 (the day before the news broke), to 9.63 …
Sep 10 2023
A federal judge has blocked enforcement of an Arkansas law that prohibits the distribution of products made from hemp and products containing delta-8 THC. U.S. District Judge Billy Roy Wilson ruled this week to stop the enforcement of Act 629, which was passed by the state’s legislature earlier this session. The measure would ban both …
Sep 10 2023
Legislation in California to ban the use of a large variety of images on the packaging of marijuana products has been passed by a key Senate committee, months after its unanimous passage through the state’s Assembly. California Assembly Bill 1207, filed by Assemblymember Jacqui Irwin, has been passed by a 5 to 1 vote through …
Sep 08 2023
Throughout August Illinois marijuana stores sold $139.2 million worth of product, a 7.6% increase over the year prior. The sales are similar to, but slighter lower than the $140 million sold in July (a monthly record), and they’re just shy of $4 million more than the sales for June. $104.9 million of the marijuana and …
Sep 08 2023
According to a new report conducted by the research firm Statista, the revenue for the global cannabis market is projected to reach $51.27 Billion in 2023. The report estimates the market to have an annual growth rate (CAGR 2023-2028) of 14.95%, resulting in a market volume of US$102.90 Billion by 2028. “The Global cannabis market just …
