August’s legal marijuana sales in Missouri set a new monthly record. According to the Missouri Department of Health and Senior Services, there was a $111 worth of recreational marijuana sold via legal outlets in August, in addition to $15.15 worth of medical marijuana sold. The combined $126.15 million breaks the previous monthly high of $125 …
Category: News
Sep 06 2024
Report: Legal Marijuana Market Valued at $47 Billion, to Grow to $107 Billion by 2028
According to a new report by Research and Markets, the global market for legal marijuana is valued at just over $47 billion, and is expected to grow substantially in the coming years. “2023 was something of a mixed bag for the legal cannabis industry”, states the report. “While 13% year-on-year growth to reach USD47.1 billion …
Sep 06 2024
Kamala Harris Supports Descheduling Marijuana, Along With Over 100 Members of US Congress
Vice President Kamala Harris hasn’t made marijuana an issue since becoming the Democratic nominee for president. However, there’s no doubt she would be the most pro-marijuana president in history, including being completely in support of descheduling marijuana, the key priority of many activists. While serving as San Francisco’s DA and then California’s Attorney general, Harris …
Sep 06 2024
Grand Opening of North Carolina’s First-Ever Recreational Marijuana Store is Tomorrow at 10am
Tomorrow at 10am, North Carolina’s first-ever recreational marijuana store will open its doors to everyone 21 and older. Although the Great Smoky Cannabis Company is located in Cherokee, on the tribal land of Eastern Band of Cherokee Indians (three hours from Charlotte and 4.5 hours from Raleigh), anyone who’s at least 21 years old can …
Sep 05 2024
Study Finds Those With Rheumatic Conditions Regularly Replace Traditional Medications Like Opioids With Medical Marijuana
A study published recently in the journal ACR Open Rheumatology reveals that a significant number of patients with rheumatic conditions in the U.S. and Canada are substituting medical marijuana for traditional medications. Conducted by researchers from the University at Buffalo, McGill University, and the University of Michigan Medical School, the study analyzed responses from 763 …
Sep 05 2024
Pennsylvania: One in 14 Residents Are Medical Marijuana Patients
Roughly eight and a half years after Pennsylvania legalized medical marijuana, nearly a million people have registered as medical marijuana patients. According to recent state data, there are 942,231 patients and caregivers registered in the state (around 5,000 being caregivers). This is slightly over 7% of the state’s total population of around 13 million according …
Sep 05 2024
Kentucky: 4,998 Applications Received for Medical Marijuana Business Licenses, Including 4,076 for Dispensaries
The number of applications for medical marijuana business licenses that Kentucky received almost doubled from 2,650 on August 30, to nearly 5,000 the next day, which was the deadline. According to the Kentucky Office of Medical Cannabis (KOMC), there has been 4,998 completed applications received for those wanting to enter into the state’s new medical …
Sep 05 2024
UTHealth Houston Seeks Participants for Study on Psilocybin (“Magic Mushrooms”) for Depression
UTHealth Houston is currently recruiting participants for a study exploring the potential of psilocybin, a compound found in “magic mushrooms,” to treat individuals with treatment-resistant depression. The study, conducted by the Center of Excellence on Mood Disorders, is part of a global multi-center initiative sponsored by COMPASS Pathways. The trial will involve a single administration …
Sep 05 2024
Federal Appeals Court Rules THC-O Is Federally Legal, Rejecting DEA’s Stance
The U.S. Court of Appeals for the Fourth Circuit has ruled that the hemp derivative THC-O-acetate is federally legal under the 2018 Farm Bill. In giving their ruling, the appeals court rejected the Drug Enforcement Administration’s (DEA) position that it should be classified as a Schedule I controlled substance, making it illegal nationwide for all …
Sep 05 2024
Ohio Approves 121 More Licenses for Marijuana Stores, Places Cap in the Largest Cities
Ohio’s Division of Cannabis Control (DCC) has nearly doubled the number of approved applications for marijuana retail licenses, while simultaneously capping the number of cannabis retail outlets in the state’s three largest cities. While approving 121 new store applications, the DCC ruled that 47 of these retailers cannot open in Franklin, Cuyahoga, or Hamilton counties, …