Category: News

Report: CBD Market Valued at $7.6 Billion, to Grow to $36 Billion By 2033

 According to a new report, the global market for cannabidiol (CBD) was valued at $7.6 billion in 2023 and is anticipated to reach approximately $36.6 billion by 2033. Over the period from 2024 to 2033, the CBD market is projected to experience a compound annual growth rate (CAGR) of 17.5%. “CBD is renowned for its efficacy in pain alleviation, …

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US Congressmember Continues Pushing “Stop Pot Act” to Withhold Funds from Legal Marijuana States

North Carolina Congressmember Chuck Edwards continues to push the “Stop Pot Act” he filed in September, despite it gaining little traction thus far. The Stop Pot Act would withhold federal funding from states and tribes that have legalized recreational marijuana. The measure is cosponsored by Representatives David Rouzer (NC), Gregory Murphy (NC), Pete Sessions (TX) and …

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New Jersey Lowers Medical Marijuana Patient Enrollment Cost to Just $10 Every Two Years

New Jersey’s Cannabis Regulatory Commission (CRM) has announced that they have drastically decreased the cost of enrolling in the state’s medical marijuana program. The CRM has announced that the cost to enroll in the medical marijuana program for a two-year period, and the cost to renew enrollment, has dropped from the previous price of $50, …

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High Times Announces Winners of the 2023 New Mexico Cannabis Cup: People’s Choice Edition

High Times has announced the winners of the High Times Cannabis Cup New Mexico: People’s Choice Edition 2023, “representing the best cannabis the state has to offer.” This year, the High Times Cannabis Cup New Mexico: People’s Choice Edition 2023 aired live and in-person at the Rio Rancho Events Center in Rio Rancho, near Albuquerque …

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Pennsylvania: Bipartisan Marijuana Decriminalization Bill to Be Filed Soon

A bipartisan pair of lawmakers in Pennsylvania have announced that they will soon be refiling legislation that would decriminalize the personal possession of marijuana. Under the proposed law, introduced by Senators Sharif Street (D) and Camera Bartolotta (R), the personal possession of marijuana would become, at most, a $25 fine. Consuming marijuana in public would …

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Study: Cannabichromene (CBC) Has “Potential Anti-Inflammatory Effects”

The cannabis compound cannabichromene (CBD) “has potential anti-inflammatory effects and may be useful for preventing or treating inflammation”, according to a new study published in the journal Plants. CBC is a widely unknown non-psychoactive cannabinoid found in marijuana. The compound has “recently been shown to possess several medicinal properties”, notes the abstract of the study. …

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Study Finds CBD May Improve Heart Regeneration Following Heart Attack

According to a new study, cannabidiol (CBD) “promotes cardiomyocyte proliferation and heart regeneration” following heart attacks. Titled Cannabidiol represses miR-143 to promote cardiomyocyte proliferation and heart regeneration after myocardial infarction, the study is being publishing in the upcoming issue of the European Journal of Pharmacology, and it was published online ahead of print by the …

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Maine: $17.6 Million in Marijuana Sold in November, Prices Continue to Drop

Although marijuana sales dropped between October and November, so did marijuana prices. There was $17,635,649 worth of legal marijuana purchased in November, spread out among 315,978 different transactions. This is according to new data released by Maine’s Office of Cannabis Policy. Although sales were down slightly from the $18.9 million sold in October, the average …

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Federal Legislation to Fully Deschedule Marijuana Gains Three New Sponsors, Now Has 76

Legislation in the House of Representatives that would decriminalize and fully deschedule marijuana now has 76 sponsors. The Marijuana Opportunity Reinvestment and Expungement (MORE) Act was filed in September by US Representative Jerrold Nadler (D) along with four cosponsors. By the end of November the number of cosponsors climbed to 73. On Wednesday, Representatives Jamaal …

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New Oklahoma Bill Would Extend Medical Marijuana Licenses for Disabled Veterans From Two Years to 10

Newly filed legislation would extend the renewal period for medical marijuana licenses held by disabled veterans by 500%. Oklahoma Senate Bill 1219 was filed by Senator Brenda Stanley (R). It’s been assigned to the Senate Alcohol, Tobacco and Controlled Substances Committee. According to the bill, “An applicant for a medical marijuana patient license who can …

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