Feb 20 2023

Oklahoma Marijuana Legalization Initiative Being Voted On In Just 2 Weeks

In just two weeks and a day Oklahoma voters will have the opportunity to legalize marijuana for everyone 21 and older.

On March 7th Oklahoma voters will decide the fate of State Question 820, which would legalize recreational marijuana for everyone 21 and older. Although the initiative was initially suppose to be on the November general election ballot, a slowdown in signature counting by the Secretary of State’s office caused a delay, resulting in Governor Stitt issuing a proclamation placing the initiative on the March 7th special election ballot.

State Question 820 would allow those 21 and older to possess, consume, cultivate and purchase marijuana for any purposes. The possession limit would be set at one ounce of marijuana, eight grams of marijuana concentrates and eight grams of marijuana-infused products. The cultivation limit would be set at six mature plants and six seedlings.
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Feb 17 2023

Study Finds THC-Dominant Marijuana Extract Improves Symptoms in Alzheimer’s Patients

Using THC-dominant marijuana extracts twice a day is associated with symptom mitigation in patients with Alzheimer’s disease

This is according to an observational study published in the Italian journal La Clinica Terapeutica.

For the study researchers examined the safety and efficacy of marijuana extract containing 22% THC and 0.5% CBD in 30 patients with mild to severe Alzheimer’s disease. Study participants administered the extracts twice daily for 12 weeks.

Investigators reported reductions in patients’ agitation, apathy, irritability, sleep disturbances, and eating disturbances following cannabis treatment. It also resulted in “lower levels of physically and verbally aggressive behaviors … in all patients.” Forty-five percent of subjects experienced “a significant decrease in cognitive impairment.” None of the patients complained of any adverse side effects. All of the patients exhibited increased quality of life and a “decrease in caregiver burden and costs of medical care and assistance.”
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Feb 16 2023

Texas Bill Filed to Allow Counties and Localities to Legalize Marijuana

Texas State Representative Jessica González has filed House Bill 1937 which would allow counties and municipalities to adopt an order or ordinance that would legalize the recreational use of cannabis within their jurisdiction.

The bill directs the Texas Commission of Licensing and Regulation to adopt all necessary rules for the administration and enforcement of this bill, including licensing, regulation, testing standards, and transportation.

State Representative Jessica González issued the following statement: “Twenty-one states in America have legalized cannabis, and twenty-seven states have decriminalized the use of cannabis. In a recent study, a majority of Texans supported some form of legalization of cannabis use. While Texas has made progress with the Compassionate Use Act, we have been left behind on a potential revenue source that would increase investments in public education, stop unnecessary arrests for cannabis possession, and create jobs in our state. We should allow our local communities to make the best decision for themselves regarding cannabis legalization, and House Bill 1937 would allow that for adults 21 years or older.”
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Feb 16 2023

Bill to Legalize Personal Marijuana Cultivation Passed by Washington State House Committee

Legislation that would legalize the personal cultivation of marijuana throughout Washington State has been passed by a key committee in the House of Representatives.

House Bill 1614 was passed today by the House Regulated Substances and Gaming Committee by a vote of 7 to 4.

The proposed law would allow those 21 and older to cultivate up to six marijuana plants with up to 15 allowed per residence. Currently Washington State is one of the only legal marijuana states to not allow for adults to cultivate it at home for personal use. This is despite the fact that Washington along with Colorado was the first to legalize marijuana back in 2012.
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Feb 16 2023

Report: Global Legal Cannabis Market Valued at $47 Billion in 2023, to Grow to $76 Billion by 2027

The global market for legal marijuana is expected to be valued at $47.5 billion by the end of 2023, and is expected to grow to $76 billion by 2027, according to a new report from Statista.

“The maturity of the Cannabis market varies across the globe mainly due to differing legal environments and public attitudes towards cannabis”, states the report. “Some countries such as Canada and the United States have adopted fully regulated frameworks that allow cultivation, consumption, and retail distribution of various cannabis products. There are other countries that have more limited frameworks that allow the cultivation of cannabis, but have not legalizied retail sales (e.g., South Africa).”

The report notes that regulations can also differ regarding how cannabis is used. Some countries allow consumption of products that contain high tetrahydrocannabinol (THC) strictly for medical use, while there are other countries that also permit the consumption of high THC products for recreational use.
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Feb 15 2023

Trulieve Becomes First Cannabis Company to Launch Advertising Campaign Under New Twitter Policy

Trulieve Cannabis Corp., a leading cannabis company in the United States, today became the first multi-state operator in the cannabis industry to launch advertising campaigns on Twitter.

The launch of the new campaign follows a policy change made by the global social media platform today that now allows cannabis companies to advertise.

“Trulieve is very excited and encouraged by Twitter’s decision to update its policies and allow cannabis companies to advertise across the platform,” said Gina Collins, Trulieve’s Chief Marketing Officer. “Having a global social media platform recognize our industry is another step forward in the normalization of cannabis in the U.S.”
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Feb 15 2023

Global Hemp Market to Grow From $6.87 Billion to $19.37 Billion by 2030

The global market for hemp is currently valued at $6.87 billion with expectations that it’ll grow to be worth nearly $20 billion by 2030.

This is according to a new Global Hemp Market report conducted and published by Cognitive Market Research. The anticipated growth represents a compound annual growth rate of 22.6%.

“Hemp is considered one of the most versatile and sustainable crops since every part of the plant can be used for one or more purposes”, states the report. “For decades, hemp seed has been cultivated to make everything from building materials to textiles. Its wide-reaching growth potential is now beginning to be embraced and utilized by many organizations. Hence, the production of hemp seeds “has increased and they have become a product with an important and growing market.”
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Feb 14 2023

Marijuana Legalization Bills Prefiled in Louisiana Legislature

A lawmaker in Louisiana has prefiled two separate bills in the state’s House of Representatives to legalize, regulate and tax marijuana, with a third forthcoming.

State Representative Candace Newell has prefiled two different legislative proposals aimed at legalizing marijuana and established a licensed and regulated system of marijuana retailers and producers, with one more on the way.

“I’ve separated the three bills. It’s legalization, regulation, and taxation”, says Newell. “So each bill does its own thing,”
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Feb 14 2023

Virginia Bill to Legalize Marijuana Sales “Passed By Indefinitely” in a House Subcommittee Vote

Virginia legislation that would allow for the legal and regulated distribution of marijuana and marijuana products has been “Passed By Indefinitely” in a House subcommittee vote.

Senate Bill 1133 was “Passed By Indefinitely” today in a 5 to 3 vote by the House General Laws Subcommittee. The proposal, sponsored by Senator Jennifer McClellan, was recently approved by the full Senate in a 24 to 16 vote. The subcommittee vote allows it to consider the measure at a later date, but does not yet advance it to the full General Laws Committee.

Although marijuana possession has been legal for those 21 and older in  Virginia since 2021, the state is one of the only with legal marijuana to not also allow legal sales. Senate Bill 1133 would rectify this by establishing a comprehensive system of licensed marijuana retailers and producers.
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Feb 13 2023

Eighth House Committee and Sixth Senate Committee Approve Bill to Legalize Marijuana in Minnesota

A Minnesota bill that would make marijuana legal throughout the state continues to advance at breakneck speed in the state’s legislature.

Earlier today House Human Services Policy Committee in a voice vote agreed to advance legislation to legalize marijuana for everyone 21 and older. This marks the eighth House committee to advance the proposal. Shortly after the Senate Transportation Committee also voted to approve the bill, making it the sixth Senate committee to do so.

“Minnesotans deserve the freedom and respect to make their own decisions about cannabis—and this bill is about providing them with that opportunity,” said Democratic State Representative Zack Stephenson, the bill’s primary sponsor in the House. “It’s time. Minnesotans are ready, Our current laws related to cannabis are doing more harm than good.”
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