Oct 17 2024
The campaign for Vice President Kamala Harris, the Democratic nominee for president, released a policy agenda this week that includes a pledge to “legalize marijuana at the federal level.” Harris promises to “work with Congress to ensure that the safe cultivation, distribution, and possession of recreational marijuana is the law of the land” if elected next …
Oct 16 2024
Marijuana remains illegal in North Carolina, yet many strains remain popular among consumers across the state. Despite the prohibition, residents turn to nearby states with legal markets, online sources, and the black market to access their favorite strains. Here, we explore the most popular strains that are in demand in North Carolina as of October …
Oct 16 2024
Legislation to protect banks and other financial institutions that provide services to state-legal marijuana businesses has been signed into law by Governor John Carney. House Bill 355, sponsored by Representative Ed Osienski and Senator Trey Paradee, clarifies that providing financial services to legal cannabis businesses is lawful under Delaware state law. Passage of the bill …
Oct 15 2024
As one of the first two states to legalize recreational marijuana, Washington has long been a leader in the U.S. marijuana market. This early start has allowed the state to develop a thriving industry, with numerous strains emerging as favorites among consumers. Using data from a variety of licensed cannabis stores located throughout the state, …
Oct 15 2024
Massachusetts voters could become the next state to legalize psychedelics if they choose to approve Question 4 next month. Polling shows it’s likely to be a close race. Question 4, being voted on November 5 and put forth by the nonprofit Massachusetts for Mental Health Options (MMHO), would legalize the possession and personal cultivation of up to …
Oct 15 2024
A California judge has temporarily upheld a comprehensive statewide ban on most consumer hemp products containing THC. On Friday, Superior Court Judge Stephen Goorvitch denied a request from the hemp industry for a temporary restraining order (TRO) against the restrictions, which were put in place by Governor Newsom last month. These regulations prohibit the sale …
Oct 15 2024
A recent literature review published in the journal Cells by explores the multifaceted therapeutic effects of cannabidiol (CBD) on the gastrointestinal (GI) system. This non-psychotropic compound, found in Cannabis sativa, has demonstrated promising modulatory effects across various bodily systems, including the central nervous and immune systems. The review, conducted by researchers from the University of …
Oct 15 2024
A new report released today by Whitney Economics (WE) highlights the significant financial needs of the U.S. cannabis industry, projecting that between $65.6 billion and $130.7 billion in sustainable growth capital will be necessary to support new cannabis businesses and refinance existing ones over the next decade. This investment could generate an estimated $1.0 billion …
Oct 15 2024
The U.S. Supreme Court held a hearing today to deliberate on a case involving a truck driver, Douglas Horn, who was fired after testing positive for THC following the use of a hemp-based CBD product. Horn claims the product, marketed as containing “0% THC” by companies including Medical Marijuana Inc. and Dixie Holdings LLC, led …
Oct 15 2024
For the second month in a row, Vermont has broken its record for legal marijuana sales. In September, legal outlets sold $12.87 million worth of marijuana and marijuana products, according to the state’s Department of Taxes, generating $1.80 million in tax revenue. This marks a slight increase from the previous record of $12.27 million in …
