Category: News

Report: Global Medical Cannabis Market Projected to Reach $121.33 Billion by 2033

The global medical cannabis market is set for substantial growth, projected to increase from $17.60 billion in 2023 to an impressive $121.33 billion by 2033. This expansion, driven by a compound annual growth rate (CAGR) of 21.30%, is detailed in a recent report by Spherical Insights & Consulting. The report identifies several key players in …

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Minnesota Opens Applications for Early Marijuana Business Licenses Today

Minnesota veterans and individuals with past marijuana convictions can begin applying for the state’s first marijuana business licenses starting today. The Minnesota Legislature approved a “preapproval” licensing process for the Office of Cannabis Management, allowing regulators to expedite approval for some businesses. This initiative is in preparation for the state’s cannabis market launch in 2025. …

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Ohio: Recreational Marijuana Sales to Begin This Week

By the end of this week, licensed recreational marijuana sales are expected to begin for the first time in Ohio history. On Friday, Ohio’s Division of Cannabis Control granted over 60 provisional dual licenses for dispensaries, cultivators, processors, and testing labs, just two weeks after the application process began. According to State Representative Jamie Callender …

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Federal Court Throws Out Lawsuit Aiming to Prevent DEA From Banning Psychedelics

The U.S. District Court for the Western District of Washington has dismissed a lawsuit challenging the constitutionality of the Drug Enforcement Administration’s (DEA) procedure for scheduling decisions as the agency aims to prohibit two psychedelic substances. Judge Ricardo Martinez officially issued the dismissal order on Thursday, stating that the plaintiffs failed to comply with a …

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Dallas Voters to Decide on Marijuana Decriminalization This November

Proponents of decriminalizing marijuana in Dallas have submitted nearly 50,000 signatures to place their initiative on the Dallas ballot this November, well more than the required amount. Ground Game Texas, a campaign known for spearheading local cannabis reform efforts across the state, announced on Monday that they delivered the signatures to City Hall. The signature …

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Louisiana Governor Signs Bill Decriminalizing Marijuana Paraphernalia

Louisiana Governor Jeff Landry has signed into law legislation that decriminalizes the possession of marijuana paraphernalia throughout Louisiana. House Bill 165 was passed by the House of Representatives earlier this month by a vote of 69 to 24. In May, it passed the Senate 24 to 14. Now, the measure has been signed into law …

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Study: 76% of Lennox-Gastaut Syndrome Patients Experience 50% or More Reduction in Seizures With CBD

A new study published in the journal Epilepsy & Behavior has demonstrated significant seizure reduction in adults with Lennox-Gastaut syndrome (LGS) using cannabidiol. Conducted by researchers at Queen Elizabeth Hospital’s Department of Neurology, the research offers promising results for a condition known for its treatment resistance. Epileptic encephalopathies, such as LGS, are severe childhood-onset epilepsy …

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Study Finds CBD May Be Effective in Treating Acne

Researchers at the Seoul National University College of Medicine have found that cannabidiol (CBD) may offer promising treatment options for acne due to its anti-inflammatory and lipid-modulating properties. The study, published in the journal Archives of Dermatological Research and made available online by the US National Library of Medicine, aimed to quantitatively assess the effects …

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Ohio Greenlights Over 60 Dual-Use Marijuana Licenses, Paving Way for Recreational Cannabis Sales

Ohio’s officials have approved numerous provisional licenses for current medical marijuana operators to transition to dual-use licenses, moving the state closer to launching its recreational cannabis market. The Division of Cannabis Control (DCC) has granted 62 provisional dual licenses for dispensaries, cultivators, processors, and testing labs as of Friday, just two weeks after the application …

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Public Comment Period on DEA’s Marijuana Rescheduling Proposal Reaches Halfway Point, Marijuana to be Rescheduled by October

It’s now the halfway point for the public comment period on the DEA’s marijuana rescheduling proposal, which began on May 21 and ends on July 22. Approximately 24,000 comments have been submitted on the DEA’s proposal to move marijuana from Schedule I to Schedule III under the Controlled Substances Act. This change would make marijuana’s …

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