The global CBD gummies market was valued at $1.88 billion in 2024 and is projected to reach from $2.44 billion in 2025 to $19.93 billion by 2033, according to a new report. The report from Straits Research predicts that the market will grow at a compound annual growth rate (CAGR) of an eye-opening 30% during …
Category: News
The Three States Poised to Legalize Recreational Marijuana in 2025
With the 2024 election behind us, it’s clear that no new state will be legalizing recreational marijuana this year. But there’s always hope for next year! Currently 24 states have laws allowing for the possession and use of recreational marijuana, with all but Virginia also allowing licensed sales. Below is a look at the three …
Arizona Marijuana Tax Revenue Tops $25 Million in October, All-Time Revenue at Nearly $1 Billion
In October, Arizona’s marijuana industry generated $25,496,330 in tax revenue. This brings the state’s year-to-date total to approximately $235 million, with the all-time total nearing $1 billion at $993,703,867 since the state legalized marijuana. October marked the 35th consecutive month of marijuana tax revenue surpassing $20 million. According to the Arizona Department of Revenue, the …
Montana Marijuana Stores Reported $27.7 Million in Sales in October, All-Time Sales Near $1 Billion
Montana marijuana sales saw a slight increase from September to October, though totals for both months were nearly the same. There was $27,728,562 worth of marijuana sold legally in October, which includes marijuana products such as edibles and concentrates, according to data released by the Montana Department of Revenue. This is nearly identical to the …
Maine: $20.8 Million Worth of Marijuana Sold in October, Over $200 Million So Far in 2024
Legal marijuana sales in Maine experienced a slight drip from September to October, but remained steady at over $20 million. According to the Maine Office of Cannabis Policy, licensed marijuana stores sold $20,839,409 worth of product, which includes dried marijuana flower as well as a variety of marijuana products including edibles, concentrates and topicals. Sales …
Study Finds Marijuana Can Improve Fibromyalgia Symptoms
According to a new study being published in the December issue of the journal Exploratory Research in Clinical and Social Pharmacy, cannabis use can lead to “an important improvement in pain, quality of life, and sleep habits” among those with fibromyalgia. Conducted by researchers rom the University of Antioquia in Colombia and the University of …
WA: $101 Million in Legal Marijuana Sold in October, Over $1 Billion Year-to-Date
The legal marijuana industry in Washington State generated over $100 million in sales in October, bringing the year-to-date total to above $1 billion. There was $101.5 million worth of marijuana and marijuana products, including concentrates, edibles, tinctures and topicals, sold in October in Washington. This is according to data released by the research firm Headset. …
Study Finds Marijuana Use Safe for Patients Undergoing Breast Reduction Surgery
A study published in Plastic and Reconstructive Surgery has found that marijuana use does not significantly impact outcomes in breast reduction surgeries. Conducted by researchers from the University of Pennsylvania and NYU Langone, the study aimed to clarify whether marijuana use might influence surgical outcomes or quality of life (QoL) post-surgery, as marijuana use continues …
US House: GOP Lawmaker Plans to Refile Marijuana Banking Act in January, “If We Don’t Get it Done by the End of the Year”
Congressmember David P. Joyce (R-OH), who was reelected this week with 64% support, plans to refile the SAFE Banking Act in January, but is holding out hope it could still be approved this year. In April 2023, Rep. Joyce filed the SAFE (Secure and Fair Enforcement) Banking Act with eight cosponsors. Now, it has 131, …
A Breakdown of Marijuana Election Results Across the United States
In yesterday’s election, numerous marijuana-related proposals were considered on the state and local level: Here’s a breakdown of how each of these proposal faired. Although November 5 was not a great day for cannabis law reform, with all three recreational marijuana legalization measures being denied by voters, there were some bright spots. With that said, …
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