Nov 13 2023
Ohio’s new voter-approved marijuana legalization law takes effect December 7, and lawmakers are deep in discussion on how to alter it. After making comments to the press last week stating that he wants lawmakers to make revisions to Issue 2 prior to it taking effect, Governor Mike DeWine has promised to respect the “spirit” of …
Nov 13 2023
Although legal marijuana sales in Connecticut fell short of reaching $25 million after topping it last month, recreational marijuana sales were at an all-time high. According to data released by the Connecticut Department of Consumer Protection, there was $24,865,870 worth of legal marijuana purchased in October. Although this is a roughly $340k from total sales …
Nov 13 2023
A joint legislative committee in Wyoming has approved a bill that would place a ban on delta-8 THC. Wyoming’s Joint Judiciary Committee voted 8 to 6 to pass the ban. Despite it’s passage, some members took strong stances against the measure, with the committee’s co-chair Representative Art Washut saying the bill is “not ready for …
Nov 13 2023
Michigan Tax Revenue grew by around 50% in fiscal year (FY) 2023 to surpass $420 million. According to a newly released House Fiscal Agency report, the excise tax on the legal distribution of marijuana and marijuana products resulted in $266.2 million in tax revenue for Michigan. This is a 50% increase over the $178.6 million …
Nov 13 2023
For the fifth straight month, legal marijuana sales in Michigan surpassed a quarter of a million dollars. According to the Michigan Cannabis Regulatory Agency, there was $262,891,203.09 worth of legal marijuana and marijuana products sold in October. This included marijuana flower and shake as well as marijuana concentrates and marijuana-infused edibles, tinctures, topicals and so …
Nov 12 2023
In a new study the administration of CBD “resulted in a significant improvement in the biochemical, antioxidant status, morphological, and molecular measures in leukemia in adult male rats.” The study was conducted by researchers at the University Rey Juan Carlos (Spain), the Scientific Research Superior Council (Spain), Victoria University (Australia), the University of Melbourne (Australia), …
Nov 11 2023
According to data released by the Washington Liquor and Cannabis Control Board, there was over $1.2 billion in legal marijuana sold in fiscal year (FY) 2023. The $1,257,812,688 in marijuana and marijuana products sold in fiscal year 2023 resulted in $465,399,615.68 in tax revenue for the state. Fiscal year 2023 began on July 1, 2022, …
Nov 11 2023
According to a newly published study, researchers have found traces of the marijuana compounds THC and CBD in the femurs of two skeletons from 1600s Milan. The study, published in the Journal of Archaeological Science, found traces of the marijuana compounds in a woman who researchers say was in her 50s, as well as in …
Nov 10 2023
Massachusetts marijuana sales fell just short of $150 million in October. Licensed marijuana retail outlets and dispensaries in Massachusetts sold $148.8 million worth of marijuana and marijuana products in October. $17.3 million of this was purchased by medical marijuana patients, with the remaining $131.5 million purchased by recreational consumers. Year-to-date marijuana sales is now $1.32 …
Nov 10 2023
Colorado’s legal marijuana industry garnered over $22 million in revenue from taxes and fees in October. According to data compiled and released by the Colorado Department of Revenue, the state made $21,845,360 in tax revenue from the legal distribution of marijuana. The state also made $937,627 in marijuana fees, bringing the combined total to $22,782,987. …
