Category: News

Tilray Medical Wins Tender to Supply Luxembourg with Medical Marijuana

Tilray Medical, a division of Tilray Brands, Inc., announced today that its German subsidiary, Tilray Deutschland GmbH, has secured a tender to supply Luxembourg with its cannabis flower. The granting of this tender by the Ministry of Health and Social Security for the Grand Duchy of Luxembourg “highlights the trust placed in Tilray Medical to …

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Arizona Marijuana Sales Top $1.2 Billion in 2024

Arizona’s marijuana market continues to thrive, with total sales in 2024 reaching an impressive $1,212,271,008. The year concluded with $91 million in sales recorded for December, while March stood out as the top month, bringing in $127 million, according to the research firm Headset. The $1.2 billion in marijuana sales in 2024 resulted in nearly …

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Marijuana Rescheduling Hearings, Spanning a 6-Week Period, Start in Two Weeks

The long-awaited public hearing on marijuana rescheduling will begin on January 21, according to an order issued last month by a Drug Enforcement Administration (DEA) administrative law judge. The hearings will feature arguments from the DEA, proponents of rescheduling, and designated opposition groups, with sessions scheduled to continue into early March, covering a 6-week period. …

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Virginia Lawmakers to Reintroduce Bipartisan Legislation to Legalize Licensed Marijuana Sales

Virginia lawmakers are set to reintroduce bipartisan legislation to establish a regulated adult-use marijuana marketplace after Governor Glenn Youngkin vetoed a similar measure last year. Led by Democrats Del. Paul Krizek of Fairfax and State Senator Aaron Rouse of Virginia Beach, the proposal aims to create a legal framework for marijuana sales and taxation, targeting …

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Kratom (Mitragyna Speciosa) Shows Potential in Treating Alzheimer’s Disease, Study Finds

A new study published in the International Journal of Molecular Sciences investigates the potential of Mitragyna speciosa (commonly known as kratom) in addressing Alzheimer’s disease (AD), a neurodegenerative condition with limited treatment options. The research, conducted by teams from Walailak University in Thailand, the University of Kentucky, and the University of Chittagong in Bangladesh, employed …

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North Carolina Marijuana Superstore Reaches Four Months Open for Everyone 21+

The Great Smoky Cannabis Company in Cherokee, North Carolina, will celebrate four months of serving customers 21 and older on Tuesday, January 7. As the state’s only legal marijuana retailer, the store has drawn tens of thousands of visitors since opening its doors to nontribal members on September 7. Located on the Eastern Band of …

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Maryland Lawmakers File Legislation to Allow On–Site Marijuana Consumption Establishments and Events

Maryland lawmakers have set the stage for a significant expansion of cannabis-related activities by prefiling Senate Bill 215 and House Bill 132 for the upcoming 2025 legislative session, which begins January 8. The bills, introduced by the Senate Finance Committee and the House Economic Matters Committee, propose the establishment of on-site cannabis consumption establishments and …

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Minnesota Task Force Recommends Decriminalizing Psilocybin Mushrooms

A Minnesota task force advising lawmakers on psychedelic medicine policy has recommended decriminalizing psilocybin mushrooms and establishing a state-regulated clinical program to treat mental health disorders. The 23-member Psychedelic Medicine Task Force released its 191-page report on New Year’s Day. Composed of legislators, state agency heads, tribal representatives, veterans, and healthcare professionals, the group approved …

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Study: Early Psilocybin Intervention May Reduce Stress-Related Behavioral and Cognitive Deficits

Researchers from the University of Alberta and Western Canada High School have conducted a study exploring the therapeutic potential of psilocybin in mitigating behavioral despair and cognitive impairments caused by chronic stress. Published in the peer reviewed journal Progress in Neuro-Psychopharmacology and Biological Psychiatry, the research focuses on the interaction between the Hypothalamic-Pituitary-Adrenal (HPA) axis …

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Washington State’s Legal Marijuana Industry Generates $1.13 Billion in Sales in 2024, Garnering $420 Million in Taxes

Licensed marijuana stores in Washington State sold $109.12 million in December, bringing the year’s total sales to $1.135 billion. December’s marijuana sales total represents a nearly $9 million increase from the $100.4 million sold in November, and it marks a 1.4% increase from December 2023, according to the research firm Headset. This brings the 2024 …

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