Nov 19 2024
U.S. Senator Thom Tillis (R-NC) has criticized efforts to reschedule marijuana and enact banking reform as inadequate, advocating instead for a comprehensive federal regulatory framework for cannabis. The North Carolina Republican’s stance diverges from most of his GOP colleagues, who generally oppose legalization. In an interview with AskAPol published Tuesday, Tillis stated, “I think we’re …
Nov 19 2024
Massachusetts has granted its first-ever cannabis research facility license to Curaleaf Processing, a division of multistate operator Curaleaf Holdings. The Massachusetts Cannabis Control Commission (CCC) unanimously approved the license, allowing the facility to operate in Newton, according to a press release from the agency. “We are excited to move the state’s first-ever Research Facility license …
Nov 18 2024
The Nevada Senate Revenue and Economic Development Committee prefiled Senate Bill 41 today, a proposal designed to amend the state’s cannabis tax regulations. The bill, which will be considered during the January 2025 legislative session, focuses on the establishment of new requirements for cannabis businesses regarding tax permits. Currently, Nevada law imposes excise taxes on …
Nov 18 2024
A recent Missouri Court of Appeals ruling will reduce taxes on marijuana products in St. Louis County, following a decision that prohibits local governments from layering additional cannabis taxes on top of one another. The ruling clarifies that while local governments can impose a 3% cannabis tax, the state constitution prevents cities and counties from …
Nov 18 2024
Here’s a look at the most popular marijuana strains in Texas. Although marijuana remains illegal in Texas, the state still has a thriving market. This is fueled by the availability of marijuana from nearby New Mexico—where recreational use is legal—as well as online sources, home cultivation, and other means. Last week legislation was filed in …
Nov 18 2024
According to a new study, hemp extract containing cannabidiol (CBD) and cannabidiolic acid (CBDA) may help mitigate the cognitive impairments and brain inflammation associated with chronic stress. Published in the Journal of Ethnopharmacology and conducted by researchers at Mae Fah Luang University, the study provides new insights into hemp’s potential neuroprotective properties. The researchers explored …
Nov 18 2024
For the third consecutive month marijuana sales in Vermont topped $12 million. July was the first month in Vermont where marijuana sales reached $12 million. In the months since, the market has maintained sales levels above $12 million. According to the Vermont Department of Taxes, there was $12.08 million in marijuana and marijuana products sold …
Nov 18 2024
Custom Cones USA, the company behind the smoking accessories brands DaySavers, Smoke Temple, and Fill-a Blunts, today published a white paper in partnership with Headset that provides the deepest analysis of the cannabis industry pre-roll consumer, looking at everything from demographics, purchasing behaviors, consumer preferences, and price points. The report found that Millennials account for the largest share of pre-roll …
Nov 18 2024
In Michigan, licensed marijuana stores sold nearly $270 million worth of product in October. In October, marijuana and marijuana products generated $269,527,217.05 in sales, according to data from the Michigan Cannabis Regulatory Agency (CRA). Nearly all sales were for recreational marijuana, with approximately $1 million coming from medical marijuana. These figures represent a slight increase …
Nov 16 2024
Maryland has continued its strong marijuana sales trend with over $95 million sold in October. According to data released by the Maryland Cannabis Administration, there was $96,122,126 worth of marijuana and marijuana products sold legally in October, a slight increase from the $93 million sold in September. Sales data includes dried marijuana flower and prerolls, …
