Today, Governor Kathy Hochul announced the New York State Cannabis Control Board (CCB) “took substantial steps to advance the state’s cannabis regulatory framework during this month’s board meeting, addressing several key topics: license approvals, market updates, and enforcement updates.” “New York is building a robust and equitable legal market that is driving significant economic growth …
Category: News
Jul 11 2024
Report: Legal Marijuana Market Valued at $47 Billion, Expected to Grow to $194 Billion by 2034
The global legal marijuana market is set to experience substantial growth over the next decade, according to a recent report by Prophecy Market Insights. Currently valued at $47 billion in 2024, the market is expected to surge to $194 billion by 2034, growing at an annual rate of 16.9%. The “Legal Cannabis Market Report” breaks …
Jul 11 2024
Initiative to Legalize Psychedelics Officially Placed on November Ballot in Massachusetts
In Massachusetts, an initiative to legalize certain psychedelics has been officially placed on the November 2024 presidential election ballot. Today, Massachusetts Secretary of State William F. Galvin announced that Massachusetts for Mental Health Options (MMHO) has submitted enough valid signatures for their initiative to be voted on this November. The proposed law would legalize the …
Jul 10 2024
California State Fair, July 12-28, Will Feature Onsite Marijuana Sales, 30,000 Square Feet Consumption Lounge
The California State Fair begins Friday, July 12, and runs until July 28. This year, for the first time, the fair will include onsite marijuana sales and consumption, along with expanded marijuana competitions. In 2022, the California State Fair introduced an educational cannabis exhibit, as well as marijuana competitions similar to competitions the fair holds …
Jul 10 2024
Connecticut: $24 Million Worth of Legal Marijuana Sold in June, $150 Million in First Half of 2024
In Connecticut, around $24 million worth of legal marijuana and marijuana products were sold in June, continuing strong sales trends. According to data released by the Connecticut Department of Consumer Protection, $16,267,583 in recreational marijuana was sold via licensed retail outlets in June. Additionally, $7,656,831 in medical marijuana was sold, combining for a total of …
Jul 10 2024
Study: Psilocybin May Help Treat Obsessive Compulsive Disorder
A recent study has shown promising results for the use of psilocybin in treating obsessive-compulsive disorder (OCD). Obsessive compulsive disorder (OCD) is a highly prevalent disorder that causes serious disability, notes the study’s researchers. “Available treatments leave 40% or more of people with OCD significantly symptomatic”, leaving “an urgent need for novel therapeutic approaches.” For …
Jul 10 2024
Marijuana Shows Promise in Treating Tourette Syndrome, Study Finds
According to a recently published study, marijuana-based treatments could be beneficial for managing symptoms of Tourette syndrome. The study, titled Efficacy of Cannabis-Based Medicine in the Treatment of Tourette Syndrome: A Systematic Review and Meta-Analysis, was published online in the European Journal of Clinical Pharmacology and ahead of print by the US National Library of Medicine. …
Jul 10 2024
US House: Republican-Led Committee Directs Biden Administration to Explain Marijuana Rescheduling Decision
The House Appropriations Committee has released a report directing the Department of Health and Human Services to explain their decision to recommend marijuana be moved to Schedule III. Yesterday, the House Appropriations Committee approved the 2025 appropriations bill for Commerce, Justice, Science, and Related Agencies, which includes language that would block the Biden Administration’s effort …
Jul 10 2024
Study: Legalizing Marijuana “Results in a Substantial Decrease in Rates of Intimate Partner Violence”
A recent study from Georgetown University has found that the legalization of recreational marijuana is associated with a significant decrease in intimate partner violence (IPV). Published by a researcher at Georgetown University, the study titled The Impact of Recreational Marijuana Legalization on Intimate Partner Violence utilizes data from the National Incident-Based Reporting System (NIBRS) covering …
Jul 09 2024
Washington Initiative to Legalize Psychedelics Receives Approval for Signature Gathering
Washington State is advancing a new measure that seeks to legalize the personal use of several psychedelic substances, including psilocybin, psilocin, mescaline, and DMT. Spearheaded by the Responsible Entheogen Access and Community Healing Coalition (REACH WA), the initiative, now known as Initiative 2076, recently received its official ballot title and summary from the state’s secretary …