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 …
Sep 08 2023
Missouri’s marijuana industry brought in $119 million in sales in August. Data released by the Missouri Department of Health & Senior Services shows that there was $97 million worth of recreational marijuana sold throughout the month of August, in addition to $22 million worth of medical marijuana. The combined total is a slight decrease over …
Sep 08 2023
A bill to legalize marijuana cafes throughout California has now been given approval by both the Senate and Assembly. Assembly Bill 374 would “allow for the preparation or sale of noncannabis food or beverage products, as specified, by a licensed retailer or microbusiness in the area where the consumption of cannabis is allowed”. The measure …
Sep 08 2023
Legislation to legalize certain psychedelic substances has officially been sent to Governor Gavin Newsom for consideration. On Wednesday the California Assembly voted 42 to 11 to pass Senate Bill 58, which has already been approved by the Senate. However, a few minor amendments approved in the Assembly required the Senate to give one final vote …
Sep 08 2023
According to a study published in the journal Frontiers in Psychiatry, autistic patients who use marijuana-based extracts experience symptom improvements and a reduction in the use of prescription medications. The study was conducted by researchers at the National Association for Inclusion of the Autistic People, the University of Brasilia, the Federal University of Minas Gerais, the Euro-American …
Sep 08 2023
The topical administration of 1% CBD gel “is a potentially effective candidate for an anti-inflammatory agent”, states a new study using animal models. The study is being published in the October issue of the peer-reviewed journal Cannabis and Cannabinods Research, and it was pubished online ahead of print by the US National Library of Medicine. …
Sep 07 2023
Members of the Eastern Band of Cherokee Indians (EBCI) in North Carolina have given approval to a referendum to legalize recreational marijuana with almost 70% support. The EBCI voted overwhelmingly in favor of a proposal that will lead to recreational marijuana becoming legal for everyone 21 and older regardless of whether or not they are …
Sep 07 2023
Maine marijuana sales reached record highs in August, the fourth straight month where a new sales record was set. According to data released by the Maine’s Office of Cannabis Policy, there was $21,648,253 worth of marijuana sold legally in August. This is a roughly $800k increase over the $20.8 million sold in June and it …
Sep 06 2023
The full California Assembly has voted to pass legislation to legalize the personal possession of certain psychedelics. The Assembly voted 42 to 11 to pass Senate Bill 58, a measure to legalize the “possession, preparation, obtaining, transfer, as specified, or transportation of” psilocybin, psilocyn, mescaline, ibogaine and DMT. The proposal has already been approved by …
