Jun 28 2024
The legal cannabis market is valued at over $40 billion and is expected to grow substantially in the coming years, according to a new report. The Technavio report shows that the market is expected to grow at a compound annual growth rate (CAGR) of 28.85% between 2024 and 2028. “The market’s growth rate hinges on …
Jun 28 2024
Among the states that have legalized recreational marijuana, there was over $1.8 billion in marijuana and marijuana products sold in May. There are 24 states that have legalized recreational marijuana, with all but Virginia allowing licensed sales. Among these states, Minnesota, Ohio, and Delaware do not yet have marijuana stores open as they legalized too …
Jun 28 2024
Once the Drug Enforcement Administration’s (DEA) proposal to move marijuana to Schedule III is finalized, marijuana businesses following state law will be allowed to take tax deductions like any other legal business, says the Internal Revenue Service (IRS). In a press release sent today, the IRS confirms that once marijuana is moved to Schedule III, …
Jun 28 2024
Recently, we examined the five states with the lowest average cost of legal marijuana. In this article, we’ll explore the most expensive states. There are 24 states that have legalized recreational marijuana, with all but one allowing licensed marijuana retail outlets. Average prices vary greatly from state to state, ranging from a little under $4 …
Jun 28 2024
The Cannabis Research Act has been introduced by Congressmembers Scott Peters (D-Calif.) and Dave Joyce (R-Ohio). The legislation requires the National Institutes of Health (NIH) to collaborate with agencies such as the Centers for Disease Control and Prevention (CDC) to establish “a national cannabis research agenda that addresses key questions and gaps in evidence.” The …
Jun 28 2024
Legislation in the United States House of Representatives that would deschedule marijuana and facilitate expungements has gained three new sponsors. Yesterday, Congressmembers Lee Summer (D-PA), Frank Mrvan (D-IN) and Gregorio Casar (D-TX) joined as a cosponsor to the Marijuana Opportunity Reinvestment and Expungement (MORE) Act. This brings the total number of sponsors to 92. The …
Jun 28 2024
Legislation to allow medical marijuana dispensaries to begin selling recreational marijuana this year, far ahead of schedule, has been passed by the Delaware Legislature and sent to Governor John Carney. By a 16 to 5 vote, House Bill 408 has been passed by the Delaware Senate. The measure has already passed the full House of …
Jun 27 2024
During a June 27 congressional hearing, U.S. Department of Transportation Secretary Pete Buttigieg stated that his agency believes a recent Drug Enforcement Agency (DEA) proposal to reschedule marijuana will not directly affect the trucking industry’s ability to drug test drivers. During a recent hearing of the House Committee on Transportation & Infrastructure, Congressmember Rick Crawford …
Jun 27 2024
In Illinois, there was approximately $170 million in legal marijuana and marijuana products sold in May. According to the Illinois Department of Financial and Professional Regulation, $146.2 million worth of recreational marijuana and $24.4 million worth of medical marijuana were sold in May. This totals $170.6 million, a slight increase from the $169.6 million sold …
Jun 27 2024
According to a newly published study, the administration of oral CBD is safe and effective for patients suffering from mild to moderate anxiety disorders. The study is published in the July 2024 issue of the Asian Journal of Psychiatry, as well as being published online by the US National Library of Medicine. The study is …
