New Hampshire legislation to legalize psilocybin, which was initially scheduled for a public hearing February 6, is now scheduled for a hearing on February 12. The hearing will take place in the House Criminal Justice and Public Safety Committee in Legislative Office Building 202-204, at 3:30pm. The hearing was initially set to take place on …
Category: News
Feb 07 2025
New Florida Bill Would Expand Medical Marijuana Program
Florida State Senator Joe Gruters (R) introduced Senate Bill 552 today, proposing significant amendments to the state’s medical marijuana laws. The bill would expand the list of qualifying conditions for medical marijuana use, allowing patients with conditions similar to those already recognized to qualify, even if their specific diagnosis is not on the official list …
Feb 07 2025
Maine’s Legal Marijuana Market Generated $19 Million in Sales in January as Prices Reach New Low
Maine’s legal marijuana market started 2025 with over $19 million in sales, following a record-setting 2024 that saw more than $240 million worth of marijuana sold statewide. In January 2025, licensed marijuana retailers in Maine recorded $19,131,915 in total sales across 368,788 transactions, according to data from the Maine Office of Cannabis Policy. Of that …
Feb 07 2025
Montana Marijuana Sales Top $25 Million in January, All-Time Sales Near $1 Billion
In January 2025, Montana’s legal marijuana market remained steady with over $25 million in sales, marking the 23rd consecutive month at or above that threshold. There was $25,914,159 in marijuana sold legally in January in Montana, according to the state’s Department of Revenue. Recreational marijuana sales account for 86% of this total ($22,492,117), with medical …
Feb 07 2025
Montana Resolution Endorsing Federal Marijuana Banking Act Approved Through Third and Final Reading in Senate
Yesterday, Montana’s Senate passed a resolution urging the federal government to enact the SAFER Banking Act into law through its second reading. Today, it was approved through its third and final reading, officially sending it to the House of Representatives. The Senate approved Senate Joint Resolution 5 today through its third and final reading, a …
Feb 07 2025
The Top-Selling Cannabis Strain in Every Legal Marijuana State
Among the 21 states with operating recreational marijuana markets, hundreds of strains are available, but a few stand out in popularity. Although 24 states have legalized recreational marijuana, three states do not have licensed marijuana store currently open: Delaware and Minnesota are expected to launch their markets later this year, and Virginia is the only …
Feb 07 2025
Study: CBD Reduces Lung Damage in Blunt Chest Trauma
A study published in the European Journal of Trauma and Emergency Surgery found that cannabidiol (CBD) may help mitigate lung damage caused by pulmonary contusions resulting from blunt chest trauma. Researchers conducted the study using an animal model, with rats divided into four groups: A control group, a trauma group, a group with trauma that …
Feb 06 2025
New York Bill Filed to Eliminate Medical Marijuana Excise Tax and Trust Fund
Legislation to eliminate New York’s medical marijuana excise tax was filed today in the state’s Assembly. New York Assembly Bill 4764 was introduced today by Assemblymember Crystal Peoples-Stokes, along with cosponsors Donna Lupardo, Andrew Hevesi, Karines Reyes, and Jo Anne Simon. The legislation has been referred to the Assembly Ways and Means Committee for consideration. …
Feb 06 2025
Report: Cannabis Cultivation Market Valued at $208 Billion in 2025, to Reach $407 Billion by 2029
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 Senate Gives Approval to Resolution Calling on Federal Government to Enact the SAFER Banking Act
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 …