May 14 2025
The global cannabidiol (CBD) market is projected to more than double in size over the next five years, reaching $22.05 billion by 2030, according to a new report by Grand View Research. Valued at $9.14 billion in 2024, the market is forecast to grow at a compound annual growth rate of 15.8% from 2025 through …
May 14 2025
The global hemp fiber industry is on track for explosive growth, with a new market analysis projecting its value will rise from $11 billion in 2024 to $36 billion by 2030. According to data from MarkNtel Advisors, this growth—representing a compound annual growth rate of 22%—is being fueled by a mix of environmental pressures, legislative …
May 14 2025
The legal marijuana industry in the United States supports 425,002 full-time equivalent jobs, according to a new report by Vangst and Whitney Economics. The 2025 Cannabis Jobs Report, released yesterday, finds that while the total number of jobs declined by 3.4% in 2024, the industry had about 8k more jobs than in 2023, and it …
May 14 2025
The Oklahoma Medical Marijuana Authority (OMMA) says a technical issue with its licensing platform has mistakenly canceled thousands of active business licenses. According to OMMA, a glitch in the Thentia system triggered erroneous notifications to licensed businesses stating their licenses had expired. The agency says affected businesses are still legally allowed to operate and should …
May 14 2025
A bipartisan bill introduced today in the Minnesota Senate would expand opportunities for cannabis businesses to be owned through employee stock ownership plans (ESOPs). The measure, Senate File 3520, was filed by Senator Rob Kupec (D) and Senator Mark Koran (R) and has been referred to the Senate Commerce and Consumer Protection Committee. The proposal …
May 14 2025
The Massachusetts Cannabis Control Commission has launched the EquityWorks Career Hub, a comprehensive digital platform for finding jobs, networking opportunities, and job training in the Massachusetts regulated cannabis industry. EquityWorks will be available free to participants in Commission equity programs, non-equity jobseekers, employers, and verified and pre-verified Social Equity Businesses (SEB). The platform will be available …
May 14 2025
Terrance Cole, President Trump’s nominee to lead the Drug Enforcement Administration (DEA), declined to take a firm stance on marijuana rescheduling in his responses to questions from members of the Senate Judiciary Committee, but did say he would give the matter “careful consideration”. When asked directly by Senator Cory Booker whether he would follow the …
May 14 2025
Connecticut’s licensed marijuana stores sold a combined $23,798,144 worth of products in April, according to data released today by the Department of Consumer Protection. The total includes $17,496,048 in adult-use sales and $6,302,096 in medical marijuana purchases. This brings the state’s marijuana sales total for the first four months of 2025 to $95,368,392. The average …
May 14 2025
A new global report released by Research and Markets outlines the top five trends currently shaping the legal cannabis industry, highlighting both challenges and opportunities as the market continues to evolve. According to Top Five Trends in Cannabis, the adult-use sector remains the driving force behind global cannabis growth, influencing both consumer behavior and regulatory …
May 14 2025
Maryland’s legal marijuana industry generated $97,381,768 in total sales for April 2025, according to new data released by the Maryland Cannabis Administration. That brings the state’s year-to-date total to $377,965,583. Of the sales in April, approximately $75 million came from adult-use purchases. Flower remained the most popular product category, accounting for $56 million in sales. …
