Aug 13 2023
In June the Alabama Medical Cannabis Commission announced the 21 companies selected to receive medical marijuana licenses. Now the state has voided those licenses before they were officially issued, while announcing the issuance of a new batch of licenses. The Commission announced that they are issuing licenses to 24 companies, including seven cultivators (three more …
Aug 11 2023
The marijuana compound cannabidivarin (CBDV) has therapeutic potential for preventing neurobehavioral alterations associated with Fragile X syndrome, according to new research. The research is published in the peer-reviewed journal Cells, with the title Early Administration of the Phytocannabinoid Cannabidivarin Prevents the Neurobehavioral Abnormalities Associated with the Fmr1-KO Mouse Model of Fragile X Syndrome. The study …
Aug 11 2023
In July a record-breaking $276 million in legal marijuana was sold in Michigan. According to a new report by the Michigan Cannabis Regulatory Agency, the state sold $276,746,264.07 worth of legal marijuana and marijuana products in July. This includes dried marijuana flower and shake, as well as marijuana products such as concentrates (hash, oil, etc.), …
Aug 10 2023
Arizona garnered just shy of $24 million in tax revenue in June from legal marijuana sales. According to data released by state officials, Arizona made $23,874,588 in tax revenue from the distribution of marijuana via licensed retail outlets. This is a considerable decrease from the $28.4 million made in May, but roughly on par with …
Aug 10 2023
Regulators in Israel have announced new changes that will greatly expand access to medical marijuana for patients. Israel’s Health Ministry announced Tuesday a “comprehensive reform” of the nation’s medical marijuana laws. It said that the changes are designed to significantly reduce regulations, improve supervision of production and to transfer more responsibility to cannabis farmers. Arguably …
Aug 10 2023
July marijuana sales in Connecticut were almost identical to the record-breaking total for June. According to the Connecticut Department of Consumer Protection, there was $23,627,729.22 worth of marijuana and marijuana products sold legally in July. This is close to the record-breaking $23,906,583 sold in June. There was $22.7 million sold in May. The total amount …
Aug 10 2023
Banning those who use marijuana from possessing firearms is unconstitutional, according to a new ruling by a federal appeals court. In the case United States of America versus Patrick Darnell Daniels, Jr., the U.S. Court of Appeals for the Fifth Circuit unanimously agreed to reverse the conviction of an individual sentenced to nearly four years …
Aug 10 2023
According to a new Gallup poll, half of Americans (50%) say they have tried marijuana at least once, the highest ever recorded. The 50% figure is a modest increase over the 49% in 2022 and 48% in 2021. In 2019, 45% had tried marijuana. In answer to a separate question intended to measure current behavior, …
Aug 09 2023
In July Colorado garnered over $23 million in taxes and fees from the legal marijuana industry. According to the Colorado Department of Revenue the state made $22,399,914 in tax revenue from the legal distribution of marijuana and marijuana products in July. This is in addition to the $843,850 in fees the state earned during the …
Aug 08 2023
The Global Cannabis Stock Index has seen a modest increase in recent weeks. As of the time of publication the Global Cannabis Stock Index currently sits at 8.32, a 3% increase from the 8.05 seen at the close of markets yesterday. The low point of the year for the Index came on June 23 with …
