Maine Governor Janet Mills has signed into law legislation that is seen as a partial remedy to Internal Revenue Service (IRS) code 280E. IRS code 280E explicitly prohibits businesses from taking tax deductions if they’re federally illegal, even if they’re legal under state law. This has placed a large burden on many state-legal marijuana stores, …
$140 Million in Legal Marijuana Sold in Illinois in July, Second Highest Ever
There was $140 million worth of marijuana sold legally in Illinois in the month of July. This marks the highest sales month for the year, and the second highest since the start of legal sales in 2020. According to the Department of Financial and Professional Regulation licensed marijuana stores sold $140,048,722 worth of marijuana in …
Study: CBD Appears Safe and Effective for Treating Obesity-Induced Heart Disease
Cannabidiol (CBD) “appears to be relatively safe for the treatment of obesity-induced heart disease, as it has anti-inflammatory and partially antioxidative properties”, says newly published research. The study “explored the potential protective influence of cannabidiol (CBD) on myocardial inflammation state, with a special focus on arachidonic acid (AA), and oxidative balance in lipid overload conditions”. …
Missouri Officials Expunge Over 70,000 Marijuana Convictions, Including 10,000 Felonies
County officials in Missouri have expunged over 70,000 marijuana-related convictions since December. This includes more than 10,000 felony charges, according to an update provided by NORML Board of Directors Member Dan Viets, who co-authored the 2022 initiative that legalized marijuana throughout the state. Provisions in the law, which took effect on December 8, 2022, required …
Ohio: Marijuana Legalization Will Be On This November’s Ballot
Voters in Ohio will have the opportunity this November to make their state the 24th to legalize recreational marijuana. The Coalition to Regulate Marijuana Like Alcohol announced last week that the state has validated 123,367 signatures they submitted for their initiative to legalize marijuana. This put the group just 679 signatures short of the 124,046 …
Oregon Legal Marijuana Sales Reach $81.8 Million in July, $13.9 Million in Taxes Made
The Oregon Liquor and Cannabis Commission has released marijuana sales data for July. According to the data, consumers purchased $81,880,154 worth of marijuana in July. This includes dried marijuana flower and shake as well as marijuana products including hash, oil, edibles, topicals and vape cartridges. The $81.8 million sold in July is an increase of …
Study: Cannabis “Significantly Improved” Anxiety, Depression and Fatigue in Those With Anxiety Disorders
Various formulations of cannabis “significantly improved anxiety, depression, fatigue, and the ability to participate in social activities in participants with anxiety disorders”, according to a new study. The study, conducted by researchers at the University of Sydney, was published in the Journal of Pharmacy Technology with the title The Effectiveness and Adverse Events of Cannabidiol …
Report: Illinois Has Third Largest Cannabis Market, Some of the Highest Prices
According to a new report Illinois has the third largest cannabis market in the country, but it also has some of the highest prices. Titled A Deep Dive into the Illinois Cannabis Market, the report was conducted by the research firm Headset. It examines the Illinois cannabis market, which was approved for medical use in …
Maryland: $87 Million in Legal Marijuana Sold in July
July marked the first month of legal recreational marijuana sales in Maryland, with over $87 million sold. Maryland marijuana stores sold $87.4 million worth of marijuana and marijuana products in July, the first month marijuana sales were allowed to those who aren’t patients. This is roughly double the total number of sales for June, when …
Minnesota: Hundreds Waited in Line at Tribal Marijuana Store on First Day of Legal Sales
Today marked the first day of legal marijuana in Minnesota, with thousands visiting Red Lake Nation’s marijuana store, one of just two open in the state. As of today those 21 and older are allowed to possess and cultivate marijuana for recreational purposes in Minnesota. However, state-licensed marijuana stores are not expected to open until …
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