The global marijuana market is poised for unprecedented growth, according to a newly released report. The report, conducted by WiseGuy Reports, highlights the industry’s projected expansion from $24.6 billion in 2024 to a staggering $73.6 billion by 2032, reflecting a compound annual growth rate (CAGR) of 14.68% during the forecast period. In 2023, the market …
DEA Judge Criticizes Government for Failing to Follow Rules in Marijuana Rescheduling Case
Today, Chief Administrative Law Judge John J. Mulrooney II issued a scathing order criticizing the U.S. government for failing to comply with procedural directives in its submission of evidence. The order, tied to the potential rescheduling of marijuana, was filed under DEA Docket No. 1362 and stems from the government’s submission of a compact disc …
Washington House Committee Schedules Public Hearing on Marijuana Workers’ Collective Bargaining Bill
Legislation to establish collective bargaining rights for marijuana workers is moving forward in the Washington State House of Representatives, with House Bill 1141 scheduled for a public hearing. The hearing is set for January 15 at 8 a.m. in the House Committee on Labor & Workplace Standards, a necessary step before the committee can vote …
Washington Bill to Shift Marijuana Licensing to Department of Agriculture Set for Public Hearing January 17
Legislation in Washington State that would shift marijuana licensing responsibilities to the Department of Agriculture has been scheduled for a public hearing. House Bill 1067 will be discussed by the House Committee on Consumer Protection & Business and members of the public on January 17 at 8 am. The bill proposes transferring licensing and regulatory …
Minnesota Office of Cannabis Management Opens Public Comment Period On Draft Cannabis Rules
The Minnesota Office of Cannabis Management (OCM) announced today it has published a notice of intent to adopt expedited rules and has opened a 30-day public comment period. Members of the public can submit formal comment starting today, January 13, on draft rules that will complete the regulatory framework for Minnesota’s new cannabis industry. A …
Montana Senate Resolution Urging Federal Government to Pass SAFER Banking Act Scheduled for Public Hearing On January 16
A resolution (Senate Joint Resolution 5) encouraging the federal government to approve the SAFER Banking Act has been scheduled for a public hearing in the Montana. The hearing will take place on Thursday, January 16, at 8:30 a.m. in Room 422 of the Business, Labor, and Economic Affairs Committee. The resolution, if passed, would officially …
Nine Washington State Senators Introduce Bill to Legalize Psilocybin for Therapeutic Use
A group of Washington State lawmakers, led by Senator Jesse Salomon, has introduced Senate Bill 5201, which would legalize the use of psilocybin for therapeutic purposes. The bill, backed by eight cosponsors, has been referred to the Senate Health & Long-Term Care Committee for further consideration. If enacted, the legislation would establish a regulated framework …
Brian Cuban, Mark Cuban’s Brother, to Represent CBIH in DEA Marijuana Rescheduling Hearing
Cannabis Bioscience International Holdings (CBIH) announced today that Brian Cuban, Esq., a distinguished attorney, best-selling author, and mental health advocate, has officially joined the Reclassification Team and will play a crucial role in representing CBIH at the upcoming DEA hearings on marijuana rescheduling. Brian Cuban, the younger brother of entrepreneur Mark Cuban, “brings a unique …
Study: Cannabidiol Found to Alleviate Intestinal Fibrosis in Ulcerative Colitis
A study published in the Journal of Inflammation Research reveals that cannabidiol (CBD) has therapeutic potential for combatting intestinal fibrosis in ulcerative colitis. For the study, researchers from Jiamusi University, Tianjin First Central Hospital, and Nankai University in China investigated the effects of CBD on in an animal model, utilizing various techniques such as enzyme-linked …
Legal Marijuana Sales in 2024 Surpass $22 Billion Across 20 States, Led by California and Michigan
In 2024, states that allow licensed recreational marijuana sales combined to sell over $20 billion in product. According to an analysis by The Marijuana Herald, which utilized data from state regulatory agencies and the research firm Headset, legal marijuana states sold $23.2 billion in product throughout 2024, with California and Michigan leading in sales. The …
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