Illinois’s hemp-derived cannabinoid industry employs nearly 13,500 workers statewide and generates an estimated $2.7 billion in annual revenue, according to a new economic analysis examining the potential effects of restrictions or bans on hemp-derived product sales and production. A newly released economic analysis finds that Illinois’s hemp-derived cannabinoid industry has grown into a multibillion-dollar economic …
Category: News
Latest cannabis news covering legalization, legislation, court rulings, business developments, research, sales data, regulatory updates and policy changes across the U.S.
President Trump Says He Is Seriously Considering Executive Order to Reclassify Marijuana
President Donald Trump said he is seriously considering an executive order to reclassify marijuana, citing the impact current federal law has on scientific research, during remarks made at a Mexican Border Defense Medal presentation. Trump was asked directly whether it was accurate that he is considering an executive order to reclassify marijuana under federal law. …
New York Cannabis Regulators Publish Updated Rules for Packaging, Labeling, Marketing and Advertising
New York’s Office of Cannabis Management (OCM) today announced that newly updated Packaging, Labeling, Marketing, and Advertising (PLMA) regulations has been published in the State Register and are now officially in effect. The Cannabis Control Board (CCB) approved these updates at the last board meeting. The revised regulations provide significant improvements for New York’s cannabis …
CBD May Protect the Brain From Damage Caused by Common Food and Environmental Pollutant, Study Finds
According to a study published today by the Journal of Neuroscience Research, the cannabis compound cannabidiol (CBD) may help protect the brain from damage caused by acrylamide, a widespread environmental and dietary pollutant commonly formed during high-temperature cooking processes such as frying and baking. The research, conducted by scientists at the University of Patras in …
New York Office of Cannabis Management Expands Support for Licensees During Seed-to-Sale Transition
New York’s Office of Cannabis Management (OCM), in partnership with Metrc, the state’s seed-to-sale compliance provider, today announced a series of measures designed to support New York’s cannabis businesses as they transition to the state’s new track-and-trace system. OCM announced that Metrc will provide, at no cost, 20 million retail item unique identifiers (UIDs) to …
Arkansas Medical Cannabis Patient Count Tops 113,000 as Program Continues Steady Growth
Arkansas’ medical cannabis program has continued its steady growth, with new state data showing 113,265 registered patients as of December 13, reflecting an increase of roughly 500 patients from the prior month and 4,000 from the prior year. The program was created after voters approved the Arkansas Medical Marijuana Amendment, also known as Issue 6, …
Yale Study: CBD May Alter Pain Sensitivity and Opioid Craving in Patients on Methadone or Buprenorphine
A new study published in Addictive Behaviors Reports suggests that CBD may affect how people with opioid use disorder feel pain, with results varying based on the dose taken and whether they are treated with methadone or buprenorphine. The research was conducted by scientists from Yale University School of Medicine and focused on individuals receiving …
Michigan Marijuana Sales Hit Nearly $3 Billion Year-to-Date as Price Drops Below $60 Per Ounce for First Time
Michigan’s marijuana market continued to show remarkable resilience in November, with combined medical and adult-use sales pushing year-to-date totals to nearly $3 billion, according to the state’s latest monthly report. Adult-use marijuana sales totaled $259.3 million in November, while medical marijuana sales added about $368,500. The most striking data point in the report is the …
U.S. Supreme Court Declines to Hear Challenge to Federal Cannabis Prohibition
The U.S. Supreme Court has declined to take up Canna Provisions Inc. v. Bondi, leaving federal marijuana prohibition intact and signaling that the justices are unlikely to revisit the issue for years to come. The decision came with the Court’s December Orders List, ending hopes that the justices would directly address whether federal marijuana prohibition …
U.S. Senate: Former Member of Nevada Cannabis Compliance Board to Testify at Banking Hearing
The Senate Banking Subcommittee on Financial Institutions and Consumer Protection will hold a hearing this week examining fair access to banking and financial services, with the former leader of Nevada’s Cannabis Compliance Board set to testify. The panel is scheduled to hold a hearing Tuesday examining barriers to fair access to financial services, an issue …
Sponsored
