Feb 06 2025
The global cannabis cultivation market is projected to experience significant growth in the coming years, according to a new report. The market, valued at $179.32 billion in 2024, is expected to grow to $208.64 billion in 2025 and reach $407.91 billion by 2029, with a compound annual growth rate (CAGR) of 18.2%. The report, conducted …
Feb 06 2025
Montana’s full Senate has given overwhelming approval to a resolution urging the federal government to enact the SAFER Banking Act into law. The Senate approved Senate Joint Resolution 5 today through its second reading by a vote of 41 to 9. A third and final reading is expected to occur soon. The resolution urges the …
Feb 06 2025
The New York Office of Cannabis Management (OCM) has introduced a new “Cannabis Banking Directory”. The directory is now accessible at the bottom of the Social Economic and Equity page on the OCM’s website. Launched yesterday, the directory is intended to help licensed marijuana businesses find reliable banking services as the state’s legal market expands. …
Feb 06 2025
Tennessee legislators have introduced bicameral legislation that would criminalize producing, selling, and possessing hemp-derived products containing tetrahydrocannabinolic acid (THCa) and tetrahydrocannabiphorol (THCp). House Bill 1148, sponsored by State Representative Ed Butler (R) and six Republican cosponsors, was filed alongside its companion measure, Senate Bill 1236, introduced by Senator Ferrell Haile (R). The legislation removes THCa …
Feb 06 2025
Illinois State Representative Theresa Mah (D) introduced House Bill 2992 today, known as the Healing Opportunities through Psilocybin Equity Pilot Program Act. The legislation would create a regulatory framework for the production, distribution, and supervised use of psilocybin, the psychoactive compound found in psychedelic mushrooms. The bill outlines the formation of the Illinois Psilocybin Advisory …
Feb 06 2025
A study published in Scientific Reports found that cannabidiol (CBD) disrupts lipid metabolism and induces apoptosis in ovarian cancer cells through cannabinoid receptor type 1 (CB1R)-mediated endoplasmic reticulum (ER) stress. Researchers examined how CBD affects lipid metabolic pathways in ovarian cancer cells, given the role of metabolic reprogramming in tumor survival. The study found that …
Feb 06 2025
This week, the Missouri Department of Health and Senior Services (DHSS) transferred $3.25 million in funds from Missouri’s medical marijuana program to the Missouri Veterans Commission (MVC). This transfer brings the total transferred to the MVC from the medical marijuana program since its inception is $49,728,820. Missourians voted in November 2018 to adopt Constitutional Amendment …
Feb 05 2025
Legislation to legalize personal marijuana cultivation in Washington State has been scheduled for a vote in its committee of origin on February 11. House Bill 1449, filed by a group of 16 state representatives, has been scheduled for an executive session vote on February 11 at 1:30pm in the House Consumer Protection & Business Committee. …
Feb 05 2025
Senator Heidi Campbell (D) filed the “Pot for Potholes Act” in the Tennessee Senate today. Senate Bill 921 was “filed for introduction today”, two days after State Representative Aftyn Behn (D) introduced House Bill 703, a companion measure. The “Pot for Potholes Act” would legalize recreational marijuana, including establishing a regulatory framework for the cultivation, processing, …
Feb 05 2025
Today, Washington’s House Health Care & Wellness Committee held a public hearing on House Bill 1433, a measure to legalize medical psilocybin in a highly regulated manner. Filed by State Representative Nicole Macri (D) with 29 sponsors, HB 1433 would allow those with a physician recommendation to use psilocybin. The bill would create a structured …
