Report: Hemp-Derived CBD Market Valued at $9.6 Billion, to Grow to $46 Billion by 2034

The global hemp-derived cannabidiol market size was estimated to be $8.28 billion at the end of 2023, growing to nearly $10 billion to end 2024, according to a new report.

The report by Research and Markets found that the global CBD market is expected to reach $46.25 billion by 2034 with a compound annual growth rate (CAGR) of 16.93% during the forecast period 2024-2034.

“Growing demand for CBD in personal care and cosmetics, shifting consumer acceptance of CBD, hemp legalization, regulatory changes, increased R&D, and a shift toward natural and plant-based wellness products will all contribute to the market’s growth”, notes the report. “The global shift towards natural, plant-based products is driving an increasing demand for CBD, which is recognized as a natural alternative to traditional pharmaceuticals for alleviating pain, stress, and inflammation.”
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University of Illinois Springfield Launches Five Online Cannabis Career Certificate Programs

The University of Illinois Springfield (UIS) has partnered with Green Flower, a leading cannabis education provider, to launch five online certificate programs aimed at preparing individuals for careers in the rapidly expanding marijuana industry.

These programs, which span six months, are designed to be completed entirely online, allowing participants to balance their education with other commitments.

The available certificate programs include:
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Oklahoma Medical Marijuana Sales Top $715 Million in 2024, Garnering Over $80 Million in Taxes

Oklahoma medical marijuana dispensaries sold over $715 million worth of product in 2024, garnering the state tens of millions in tax revenue.

According to date released by the Oklahoma Medical Marijuana Authority (OMMA), the state garnered $24.5 million from a 7% excise tax on medical marijuana sales in the second half of 2024, adding to the $25.6 million garnered between January and June. Based on these numbers, medical marijuana patients purchased $716 million worth of marijuana and marijuana products throughout 2024.

Oklahoma garnered an additional $32 million from medical marijuana sales via the 4.5% state sales tax. In total, Oklahoma brought in around $82 million in medical marijuana tax revenue in 2024.
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Study: Kratom Leaf Extract Shows Promise as Antibiotic Alternative in Tilapia Aquaculture

A recent study published in the peer reviewed journal Fish & Shellfish Immunology found that kratom extract “has the potential to be used as a substitute for antibiotics in the management of bacterial infections in Nile tilapia.”

The study explored the effects of an ethanolic extract derived from Kratom (Mitragyna speciosa) leaves on Nile tilapia. The research aimed to evaluate the extract’s impact on growth, antioxidant capacity, immune-related gene expression, and resistance to bacterial infections caused by Edwardsiella tarda.

The study found that the extract contained significant levels of phytochemicals, including total phenolics, flavonoids, vitamin C, and antioxidants, with 5.42% of the crude extract consisting of mitragynine. Antioxidant activity was demonstrated through IC50 values for ABTS and DPPH radicals and ferric reducing power assays. Additionally, the extract inhibited bacterial growth with an MIC-IC50 value of 0.625 mg/mL and a minimum bactericidal concentration (MBC) of 2.50 mg/mL against E. tarda.
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Minnesota Governor Announces Departure of Office of Cannabis Management Director, Interim Director Appointed

Governor Tim Walz and Lieutenant Governor Peggy Flanagan announced today that Charlene Briner will step down after building the Office of Cannabis Management (OCM) from the ground up.

In the announcement, Walz and Flanagan announced that OCM General Counsel Eric Taubel will serve as interim director.

“Charlene Briner has gotten Minnesota’s emerging cannabis industry off the ground in a safe and responsible way. It’s no easy task to build a regulatory framework around an entirely new industry from scratch, but under Charlene’s leadership, Minnesota laid the foundation for a successful marketplace for years to come,” said Governor Walz. “I am excited to welcome Eric Taubel as the new interim director. Eric is a proven, effective leader who brings legal expertise and a deep understating of state government and regulatory affairs. He will ensure continued growth and success as we work to make Minnesota competitive in this new industry.”
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States With the Cheapest Legal Marijuana Prices to Start 2025: Oregon, Michigan and Massachusetts Top the List

21 states currently have licensed recreational marijuana stores open for business, with Delaware and Minnesota joining the list later this year. In this article, we breakdown which of these states have the cheapest average prices.

Among the states with legal marijuana sales, prices can vary widely, shaped by factors such as tax rates, supply, and local market conditions. Below is a closer look at the states offering the lowest prices for a gram of dried marijuana flower, based on data from state regulatory agencies and market analysts at the research firm Headset.
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Washington State Governor Jay Inslee Appoints New Chair for Liquor and Cannabis Board

The Liquor and Cannabis Board (LCB) announced recently that outgoing Governor Jay Inslee has appointed Jim Vollendroff, MPA, as chair of the LCB board.

Jim Vollendroff, MPA.

Chair Vollendroff will fulfill former Chair David Postman’s term which concludes in Jan. 2027. Postman vacated the board chair position recently to serve as chief of staff for incoming Attorney General Nick Brown. Prior to his appointment, Chair Vollendroff has served as a board member since 2022.

“I am grateful for the opportunity. Together with Board Member Ollie Garrett, I look forward to continuing the board’s work in my new role as chair, said Vollendroff. “I want to thank former Chair David Postman for his years of leadership. I am eager to work with my fellow board members and LCB staff addressing emerging trends within the dynamic industries we license and regulate.”
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Study: Kratom Relative Mitragyna Parvifolia Shows Promise as a Multi-Action Treatment for Lymphatic Filariasis

 Mitragyna parvifolia leaves may serve as a therapeutic agent for lymphatic filariasis, according to a new study conducted by researchers from Madurai Kamaraj University and the Central University of Tamil Nadu in India.

Mitragyna parvifolia.

The study, published in the Journal of Parasitic Diseases, highlights the plant’s diverse bioactivity and underscores its potential for further research as a treatment for this parasitic disease. Mitragyna parvifolia is a relative of kratom, a plant used for thousands of years for its medicinal properties.

Phytochemical analysis of the methanolic leaf extract identified alkaloids, terpenoids, phenols, tannins, and flavonoids, with 24 phytoconstituents confirmed through GC-MS analysis. The primary alkaloid, mitraphylline, was highlighted for its bioactive potential. Functional group analysis using infrared spectroscopy further validated the presence of these compounds.
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Missouri Breaks Monthly Marijuana Sales Record Again, Bringing 2024 Total to $1.36 Billion

For the second straight month, marijuana sales in Missouri broke the previous monthly record.

There was $130.51 million worth of marijuana and marijuana products sold legally in Missouri in December, breaking the previous record of $128 million set the prior month. This brings 2024’s total to $1.36 billion, and the all-time total to $3.4 billion.

A large majority of December’s marijuana sales were recreational purchases, accounting for $115.47 million. In contrast, medical marijuana patients purchased $15.04 million in product in December.
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Missouri Transfers $5.4 Million in Marijuana Funds to Veterans, Public Defenders, and Addiction Treatment Programs

Today, the Missouri Department of Health and Senior Services (DHSS) announced that it has transferred $5,459,172 in funds generated by Missouri’s adult use marijuana program to agencies as outlined in Article XIV, Section 2, of the Missouri Constitution, including the Missouri Veterans Commission.

This brings the total amount transferred from funds generated by Missouri’s adult use marijuana program this fiscal year to $21,836,688, and that total has been distributed to recipient agencies of adult use program funds as follows:
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