Legislation to allow marijuana banking has 140 sponsors in the United States Senate and House of Representatives. The SAFE Banking Act in the House now has 104 sponsors, with the updated SAFER Banking Act in the Senate having 36. This brings the combined total to 140, representing 26% of the entire US Congress. Although they …
Category: News
Maine: $18 Million Worth of Marijuana Sold in February, Over 325,000 Different Transactions
In Maine, February marijuana sales topped $18 million. There was $18,014,488 worth of marijuana sold legally in February according to the Maine Office of Cannabis Policy. This is roughly half a million dollars more than the total sales for January, but around $1 million lower then December. Sales were distributed across 326,888 different transactions in …
US FDA Grants “Breakthrough Therapy” Designation to LSD to Treat Anxiety
The United States Food and Drug Administration has granted “breakthrough therapy” designation to LSD after a clinical trial found it to be beneficial in treating generalized anxiety disorder. The clinical trials found that LSD “exhibited rapid and robust efficacy” in combatting anxiety, which was “solidly sustained for 12 weeks after a single dose.” Daniel Karlin, …
Legal Marijuana Market Valued at $30 Billion, to Grow to $113 Billion by 2033
According to a new report, the global legal marijuana market is already valued at tens of billions of dollars, and is expected to nearly quadruple by 2033. The report found that the market will grow at a compound annual growth rate (CAGR) of 14.4% from 2023 to 2033. North America has contributed more than 70% …
“We’ve Changed Federal Marijuana Policy”, Says Vice President Kamala Harris in Video Now Shared Thousands of Times
On February 9 Kamala Harris said “We changed federal marijuana policy”, in a video posted on the social media platform X. Despite that not being true, the video has been shared thousands of times and remains live. In less than a month, the video has been viewed nearly half a million times, it’s been shared …
Florida Bill to Ban Delta-8 THC Sent to Governor DeSantis
Legislation banning delta-8 THC has been approved by the Florida Legislature and sent to Governor Ron DeSantis. Florida’s Senate gave final approval to Senate Bill 1698 yesterday in a unanimous 39 to 0 vote. The vote came soon after the House of Representatives passed the bill in a much more contentious vote, 64 to 48. …
Report: 56% of All Hemp Grown in the US is Grown in California,16% in Kentucky
According to a recent analysis, over half of all hemp grown legally in the United States is grown in California. According to an MJBizDaily analysis of the recent Census of Agriculture report released by the U.S. Department of Agriculture, California produced 56% of all U.S. hemp flower throughout 2022, which is used for a variety …
Nevada: $936 Million in Legal Marijuana Sold in 2023, Resulting in $124 Million in Tax Revenue
Legal marijuana sales in Nevada were not far from a billion dollars in 2023, with well over $100 million in marijuana tax revenue. According to data released by the Nevada Department of Taxation, there was $936,031,174 in marijuana sold through licensed marijuana retail outlets and dispensaries in 2023. These sales resulted in $124,415,555 in marijuana …
Washington Lawmakers Approve Measure to Make Medical Marijuana Tax Free, Sending it to Governor Inslee
A legislative proposal “providing a tax exemption for medical cannabis patients” has been passed by Washington’s full legislature. By a vote of 82 to 14 in the House of Representatives and 36 to 13 in the Senate, House Bill 1453 has received final approval through the legislature and will soon be sent to Governor Jay …
Tennessee Bill to Legalize Recreational Marijuana Scheduled for Committee Consideration March 12
Next week a Tennessee legislative committee will consider the Free All Cannabis for Tennesseans Act to legalize recreational marijuana. House Bill 85 was filed last month by State Representatives Bob Freeman and John Clemmons. Today, the measure was placed on the calendar for consideration on March 12 in the Criminal Justice Subcommittee. This is a …
Sponsored
