Aug 27 2024

Report: Cannabis Seed Market Worth $1.8 Billion, to be Valued at $6.5 Billion by 2031

The global cannabis seeds market was valued at $1.3 billion in 2021 and $1.8 billion in 2023, and it’s projected to reach $6.5 billion by 2031, growing at a compound annual growth rate (CAGR) of 18.4% from 2022 to 2031.

This is according to a new Cannabis Seeds Market report published by Allied Market Research.

“The Cannabaceae family of flowering plants includes the genus Cannabis. Cannabis sativa, cannabis indica, and cannabis ruderalis are its three species”, states the report. “Protein, fiber, and healthy fatty acids like omega-3s and omega-6s are all abundant in cannabis seeds.”
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Aug 27 2024

Marijuana Company Trulieve Partners With Professional Pickleball Association and Major League Pickleball

Trulieve Cannabis Corp., one of the nation’s leading and top-performing cannabis companies, announced a partnership with the Carvana PPA Tour (PPA Tour) and MLP by Margaritaville (MLP) to sponsor premier pickleball events in Arizona, Florida and Georgia.

The Professional Pickleball Association stands as the largest professional and amateur pickleball tour in the world, boasting 25 tour stops nationwide. With over 39,000 amateur players and a 50% growth in registered players from 2022 to 2023, the PPA Tour has also captured the attention of over 275,000 spectators and 20 million fans watching on broadcast in 2023, solidifying its status as a premier sporting event.

Major League Pickleball is the leading team-based, co-ed pickleball league featuring nearly 100 players across 22 celebrity-owned teams. The 2024 league schedule will showcase 11 events across 10 states, bringing MLP’s exhilarating competition and energetic atmosphere to more places and fans than ever before.
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Aug 27 2024

Clinical Trial: Chronic CBD Use “Reduced Excessive Daytime Sleepiness”

According to the results of a new study, “Chronic CBD administration reduced excessive daytime sleepiness”.

Titled Chronic Cannabidiol Administration Mitigates Excessive Daytime Sleepiness and Fatigue in Patients with Primary Hypertension: Insights from a Randomized Crossover Trial, the study was published in the peer reviewed journal Cannabis and Cannabinoid Research: It was published online ahead of print by the National Institute of Health. The study was conducted by researchers at University Hospital of Split in Croatia.

“The chronic effects of cannabidiol (CBD) supplementation on factors that could impact the quality of life (anxiety, sleeping quality, memory, etc.) are poorly explored”, states the study. “Hence, the aim of this study was to establish whether chronic CBD supplementation will improve self-reported outcomes related to quality of life.”
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Aug 27 2024

DEA Schedules 10-Day Public Hearing on Proposed Psychedelics Ban

An administrative law judge (ALJ) with the Drug Enforcement Administration (DEA) has officially scheduled a 10-day public hearing on the agency’s proposed plan to prohibit two different psychedelic compounds that scientists are urging them to keep legal.

ALJ Paul Soeffing has scheduled an administrative hearing that will take place from November 12 to November 22. A final meeting will take place on November 25.

The proposed rule would place 2,5-dimethoxy-4-iodoamphetamine (DOI) and 2,5-dimethoxy-4-chloroamphetamine (DOC) as Schedule I drugs under the Controlled Substances Act (CSA), making them illegal for all purposes including for research and as a medicine. The DEA made a similar attempt to ban these two substances last year, but eventually revoked the effort after a large outcry from from scientists and researchers, many who feel the substances could have medical value.
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Aug 27 2024

California Senate Approves Legislation to Legalize Marijuana Cafés

California’s full Senate has approved legislation to legalize marijuana cafés.

Yesterday, Assembly Bill 1775 was passed through its second reading in the Senate, allowing it to be considered for a third and final reading. The measure was approved through the full Assembly in May by a vote of 58 to 6, but it will need to go back for one final vote of concurrence once it passes its third Senate reading, given it was amended in committee.

Filed by State Representative Matt Haney (D), the proposed law would would “authorize a local jurisdiction, if specified conditions are met, to allow for the preparation or sale of noncannabis food or beverage products, as specified, by a licensed retailer or microbusiness in the area where the consumption of cannabis is allowed, and to allow, and to sell tickets for, live musical or other performances on the premises of a licensed retailer or microbusiness in the area where the consumption of cannabis is allowed.”
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Aug 27 2024

Poll Finds President Biden’s Mass Marijuana Pardons Most Popular in U.S. History

According to a new YouGov poll, President Joe Biden’s mass pardons for federal marijuana possession charges are the most widely supported acts of presidential clemency in U.S. history.

The survey, released on Monday, gauged public opinion on more than a dozen significant pardons from various administrations. Biden’s decision to pardon those with federal cannabis possession offenses emerged as the clear favorite, with 69% of respondents in favor and only 18% opposed.

The poll found that only two other pardon events had majority support: Biden’s clemency for former service members penalized for their sexual orientation or gender identity (55%) and former President Jimmy Carter’s pardon of Vietnam War draft resisters (54%).
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Aug 26 2024

ACLU of Florida Officially Endorses Amendment 3 to Legalize Recreational Marijuana

Today, the American Civil Liberties Union (ACLU) of Florida endorsed a YES vote on Amendment 3, which will appear on the November ballot.

“We join a growing coalition that agrees passing Amendment 3 is the best path for Florida”, states an ACLU press release. “ACLU’s endorsement follows SEIU Florida, Jacksonville Mayor Donna Deegan, Gadsden County Sheriff Morris Young, Republican State Sen. Joe Gruters, Democratic State Sen. Shev Jones, the Libertarian Party of Florida, and more local leaders from around the state illustrating the broad support for legalizing recreational adult use marijuana.”

Bacardi L. Jackson, Executive Director for ACLU of Florida, said the group “is proud to join many other organizations to endorse Amendment 3 on the November ballot. Amendment 3 is a significant step forward in respecting the personal freedom of Floridians and is crucial in addressing the disproportionate impact that the criminalization of marijuana possession and use has had on Florida’s Black community and other communities targeted by the criminal legal system. By approving Amendment 3, Florida voters can create a future that is both more equitable and more respectful of the freedom of the people of our state.”
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Aug 26 2024

Missouri’s New Marijuana Packaging Rules Set to Take Effect September 1

Missouri’s cannabis industry is racing against the clock to comply with the state’s new plain packaging requirements, set to go into effect on September 1.

(Photo credit: WeedMaps).

This mandate comes over a year after the rule was first introduced, reflecting a broader movement towards plain packaging that has long been advocated in the tobacco industry to reduce the appeal of products to younger consumers.

The push for plain packaging, characterized by minimal colors and designs, puts Missouri among the first states to implement similar requirements in the recreational marijuana market, following the approval of a constitutional amendment in 2022 that legalized adult-use cannabis. The amendment included a provision stipulating that marijuana-related packaging and labels “shall not be made to be attractive to children.”
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Aug 26 2024

DEA Schedules Public Hearing on Marijuana Rescheduling for December 2

The Drug Enforcement Administration (DEA) has announced a public hearing to address the agency’s proposal to reschedule marijuana from Schedule I, to Schedule III.

This hearing, set for December 2, will occur after the November elections.

“This is notice that the Drug Enforcement Administration will hold a hearing with respect to the proposed rescheduling of marijuana into schedule III of the Controlled Substances Act”, states the notice, which is currently unpublished in the Federal Register but will be officially published on Thursday. “The proposed rescheduling of marijuana was initially proposed in a Notice of Proposed Rulemaking published in the Federal Register on May 21, 2024.”
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Aug 26 2024

NFL-Funded Study Explores Marijuana’s Potential in Sports

An NFL-funded study published in the journal Sports Medicine reveals the growing role of marijuana as a therapeutic tool for athletes, highlighting its potential to address issues like pain, anxiety and brain injuries, while also acknowledging the complications and lack of knowledge caused by strict laws and regulations.

(Photo credit: Getty Images).

“The increasing legalization of Cannabis sativa plant products has sparked growing interest in their therapeutic applications”, states the study’s abstract, which was also published by the US National Library of Medicine. “Prohibition laws established in 1937 hindered formal research on cannabis, a plant with cultural and medicinal roots dating back to 2700 BC in Chinese history. Despite regulatory hurdles, published research on cannabis has emerged; yet elite athletes remain an underrepresented population in these studies.”

It continues “Athletes, known for exploring diverse substances to optimize performance, are drawn to the potential benefits of cannabinoid therapy, with anecdotal reports suggesting positive effects on issues ranging from anxiety to brain injuries.”
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