Sep 10 2023
The Global Cannabis Stock Index has had a considerable increase since the yearly low set in August. Following news that the Department of Health is requesting the DEA reschedule marijuana from Schedule 1 to Schedule III, the Global Cannabis Stock Index increased from 7.42 on August 29 (the day before the news broke), to 9.63 …
Sep 10 2023
A federal judge has blocked enforcement of an Arkansas law that prohibits the distribution of products made from hemp and products containing delta-8 THC. U.S. District Judge Billy Roy Wilson ruled this week to stop the enforcement of Act 629, which was passed by the state’s legislature earlier this session. The measure would ban both …
Sep 10 2023
Legislation in California to ban the use of a large variety of images on the packaging of marijuana products has been passed by a key Senate committee, months after its unanimous passage through the state’s Assembly. California Assembly Bill 1207, filed by Assemblymember Jacqui Irwin, has been passed by a 5 to 1 vote through …
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. …
