Category: News

Oregon Union Submits Signatures for Initiative Requiring Marijuana Businesses to Enter Labor Peace Agreements

UFCW Local 555 has delivered over 163,000 signatures to the Oregon Secretary of State for verification of Petition 35, about 46,000 more than required to qualify for the November ballot. Once verified, this first-of-its-kind initiative is expected to appear on the statewide 2024 general election ballot this November. “Simply put, the ballot measure will require …

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North Dakota: Marijuana Initiative Signatures Submitted, Nearly 50% More Than Required for November Ballot

New Economic Frontier, a political committee promoting an initiative to legalize recreational marijuana, has submitted nearly 50% more signatures than required to place the proposal on the November 5 presidential election ballot. Today, New Economic Frontier submitted over 22,000 signatures for their initiative, far more than the 15,582 required to put the measure to a …

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Ohio Issues 188 Recreational Marijuana Licenses, Sales to Start Any Day Now

The Ohio Division of Cannabis Control (DCC) has issued 188 provisional dual-use licenses for medical marijuana companies seeking to serve the recreational marijuana market. On June 7, the DCC opened the application process for existing medical marijuana companies that wish to service the newly legal recreational marijuana market. As of today, the DCC has issued …

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The 10 Largest Marijuana Companies by Market Cap

Despite marijuana remaining illegal in most countries and in a majority of U.S. states, many marijuana companies have continued to thrive. Currently, only a few nations, such as Canada and Uruguay, have legalized recreational marijuana. In the U.S., 24 states have legalized recreational marijuana. Regarding medical marijuana, around 40 countries have legalized it, alongside 38 …

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Report: Legalizing Marijuana in Pennsylvania Would Generate Over $2 Billion in Annual Sales, Over 30,000 New Jobs

According to a newly released analysis, if marijuana is legalized in Pennsylvania it will create over 30,000 new jobs, with the total market generating over $2 billion in annual sales. Titled Estimating the Economic Impacts of an Adult Use Cannabis Market in Pennsylvania, the report was conducted by FTI Consulting. For the report, FTI “projected …

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Over $10 Billion in Legal Marijuana Sold in the United States in First Half of 2024

Legal marijuana states combined for over $10 billion in sales in the first half of the year, according to an analysis by The Marijuana Herald. Among the 24 legal marijuana states in the US, 20 have licensed marijuana stores currently operating and reporting sales data. Virginia is the only legal marijuana state that does not …

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Florida: Three Recent Polls Shows Support for Amendment 3 to Legalize Marijuana Above 60%

Voters in Florida are less than four months away from deciding the fate of Amendment 3, which aims to legalize recreational marijuana. Multiple polls indicate that it is on track for passage. Amendment 3 would allow individuals aged 21 and older to possess up to three ounces of dried marijuana flower and up to five …

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Clinical Trial Finds Marijuana May Decrease Diabetes Risk

Those who consume marijuana have “healthier inflammatory cytokine profile, better insulin sensitivity, and higher levels of physical activity than nonusers,” all of which can be linked lower diabetes, according to an ongoing clinical trial presented at the 2024 annual American Diabetes Association 84th Scientific Sessions. In the findings from the ongoing SONIC trial, first reported by …

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These Four States are Set to Legalize Marijuana in 2025

In 2025, at least four states are poised to join the ranks of those that have legalized recreational marijuana. Three states — North Dakota, South Dakota, and Florida — have marijuana legalization initiatives on this November’s ballot, potentially increasing the number of legal states to 27. Additionally, several states came close to legalizing this year …

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Colorado: $101 Million Worth of Marijuana Sold in June, All-Time Sales Reach $16 Billion

In June, legal marijuana sales in Colorado topped $100 million, with all-time sales reaching an eye-opening $16 billion. According to the Colorado Department of Revenue, there was approximately $101 million worth of marijuana and marijuana products sold through legal means in June. This is roughly on par with the $103 million sold in May, but …

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