The worldwide marijuana industry is forecast to climb from $39.1 billion in 2024 to more than $151 billion by 2033, according to a new report by Research and Markets. That represents an annual growth rate of over 16%, driven largely by expanding legalization, medical adoption, and shifting consumer preferences.
Wisconsin Republicans File Bill to Ban Hemp-Derived THC Products
A group of 14 Republican lawmakers introduced Assembly Bill 503 today, which would make significant changes to Wisconsin’s definition of hemp under the state’s Controlled Substances Act. While current law exempts hemp from the definition of tetrahydrocannabinol (THC) if it contains no more than 0.3% delta-9 THC on a dry weight basis, AB 503 broadens …
Tilray Brands Posts $210 Million in Quarterly Revenue, Returns to Profitability
Tilray Brands has reported record first quarter fiscal 2026 results, achieving $210 million in net revenue and posting net income of $1.5 million. The company says the performance underscores its focus on profitability and operational efficiency, with adjusted EBITDA climbing 9% year-over-year to $10.2 million. Cash flow from operations also improved significantly, narrowing to a …
Study Finds Cannabis Use Associated With Lower Odds of Common Sinonasal Diseases
A study published this week finds that cannabis users may face reduced risks of developing certain sinonasal conditions, including chronic rhinosinusitis (CRS), allergic rhinitis (AR), and chronic rhinitis (CR). Researchers from Louisiana State University, Texas A&M School of Medicine, the University of Houston, and Houston Methodist Hospital conducted the study, published in Laryngoscope Investigative Otolaryngology. …
U.S. Senate Committee Advances Nomination of Sara Carter, Who Supports Legalizing Medical Cannabis, as White House Drug Czar
President Trump’s nominee for White House Drug Czar has cleared a key hurdle, with the Senate Judiciary Committee voting to advance her nomination to the full Senate for consideration. Sara Carter, Trump’s pick to lead the White House Office of National Drug Control Policy (ONDCP), received committee approval today.=. The move sets up a final …
Massachusetts House Advances Bill to Protect Workers From Marijuana Discrimination
Massachusetts legislation that would prohibit employment discrimination against workers who legally use marijuana has been given approval by the full House, with a third and final reading expected soon. The full House of Representatives approved House Bill 159 on its second reading today, advancing it toward a third and final reading that is expected soon. …
Ohio Senate Passes Bipartisan Bill Updating Marijuana OVI Standards in Unanimous Vote
The Ohio Senate has unanimously passed a bill that would overhaul how the state handles marijuana-related operating a vehicle impaired (OVI) cases. Senate Bill 55, filed in January by a bipartisan group of 17 lawmakers, sets clear limits for THC in a driver’s blood, urine, or oral fluid that can be used to presume impairment. …
Florida Senator Files Bills to Protect Medical Marijuana Patients at Work and in Family Courts
Florida State Senator Tina Polsky (D) has prefiled two marijuana-related bills for the upcoming 2026 legislative session, both designed to expand protections for qualified patients. The first measure, Senate Bill 0136, would prohibit public employers from disciplining or refusing to hire an employee or job applicant solely because they are registered medical marijuana patients. The …
Ohio Governor Signs Executive Order Banning Intoxicating Hemp Products, Citing Risks to Children
Ohio Governor Mike DeWine has signed an executive order temporarily banning intoxicating hemp products across the state, with the order taking effect October 14. The directive requires retailers to pull these products from shelves and end sales or risk a $500 daily fine for each violation. After October 14, local and state authorities will also …
U.S. Congress: Legislation to End Cannabis Prohibition Nationwide and Allow Expungements Has Five Times the Sponsors of Top Anti-Cannabis Bill
Congress now has 56 lawmakers backing the MORE Act, a sweeping proposal to end federal marijuana prohibition and clear past convictions. That figure is five times the number of sponsors on the leading anti-cannabis bill, the “No Deductions for Marijuana Businesses Act,” which has just 11. The stark gap underscores the MORE Act’s position as …
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