Category: News

California Reports $219 Million in Cannabis Tax Revenue for Fourth Quarter of 2024

The California Department of Tax and Fee Administration (CDTFA) reported cannabis tax revenue today for the fourth quarter of 2024. Total cannabis tax revenue from fourth quarter returns is $219.0 million, bringing the 2024 total to $995 million, according to the CDTFA. This figure includes $127.8 million in cannabis excise tax and $91.2 million in …

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Study Finds Cannabinoid-Based Supplement Improves Sleep Quality and Health Outcomes in Adults With Subthreshold Insomnia

A randomized double-blind placebo-controlled crossover trial found that a cannabinoid-based oral supplement significantly improved sleep quality, efficiency, and health-related quality of life in adults with subthreshold insomnia symptoms. Conducted by researchers from the University of North Florida and Jacksonville University, the study included 20 participants who were administered either a cannabinoid supplement (CS) or a …

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Missouri House Committee Unanimously Approves Kratom Consumer Protection Act

The Missouri House Emerging Issues Committee has unanimously approved the Kratom Consumer Protection Act (HB 1037), 13 to 0. The bill, if passed into law, would implement strict guidelines on the sale, labeling, and contents of kratom products to ensure consumer safety. Kratom, derived from the Mitragyna speciosa plant native to Southeast Asia, is widely …

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Montana Senate Votes 45 to 5 in Favor of Bill to Ban Sale of Edible Hemp Products Containing THC

The Montana Senate has approved a bill that would prohibit the sale of edible hemp products containing THC, advancing it through its second reading in a 45 to 5 vote. The measure, Senate Bill 375, now requires one more vote in the chamber before heading to the House for further consideration. Sponsored by State Senator …

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Massachusetts: Cost Per Gram of Marijuana Drops to Record Low, 70% Decrease from 2020

The cost per gram of dried marijuana has reached its lowest point ever in Massachusetts. According to data released today by the Massachusetts Cannabis Control Commission (CCC), the average price for a gram of dried marijuana as of February is $4.40, a new all-time low. This marks a 17% decrease from the average price in February …

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Montana Senate Committee Kills Bill to Establish $200 Registration Card for Recreational Cannabis Purchases

Senate Bill 255, a measure that would have required adults to obtain a state-issued identification card before purchasing recreational marijuana, has been killed in the Montana Senate following the cancellation of a scheduled public hearing and vote. The bill, sponsored by State Senator Greg Hertz (R), would have mandated that individuals 21 and older apply …

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New Hampshire Committee Approves Bill to Legalize Adult-Use Cannabis

The New Hampshire House Criminal Justice and Public Safety Committee voted 9 to 7 today to advance House Bill 198, legislation that would legalize the possession of marijuana for those 21 and older. The bill, introduced in January by State Representatives Jared Sullivan, Jonah Wheeler, and Heath Howard, now moves to the full House for …

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Maryland Bill Would Protect Fire and Rescue Workers From Employment Penalties for Medical Marijuana Use

Legislation to protect fire and rescue workers from employment penalties for medical marijuana use in Maryland has been scheduled for a public hearing on March 11 in the Senate Finance Committee. Filed in February by Senator Carl Jackson (D), Senate Bill 1023 would prohibit employers from taking adverse employment actions against fire and rescue public …

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California Awards $18.4 Million in Grants, Including $3.5 Million to LA, to Expand Access to Legal Marijuana Industry

The Governor’s Office of Business and Economic Development has awarded $18.4 million in grants to support equitable access to California’s regulated marijuana industry. The funding, distributed among 18 local jurisdictions, is intended to lower entry barriers and assist local applicants and licensees. The latest round of funding includes:

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Cannabinoids Improve Memory and Motor Function in Animal Model of Alzheimer’s Disease

A new study published in the Journal of Alzheimer’s Disease Reports examines the potential of the synthetic cannabinoid WIN 55,212-2 in improving cognitive and motor deficits associated with Alzheimer’s disease. The research, conducted on Tg4-42 transgenic mice, found that both preventative and therapeutic administration of WIN 55,212-2 (designed to mimic the effects of naturally derived …

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