News

Hemp Harvest: Projected Growth of the $8 Billion Food Market

By / May 10, 2024 /

Maximize Market Research’s recent forecast predicts significant expansion within the hemp-based food industry, attributing this growth to the increasing popularity of gluten-free and plant-based diets among consumers. Market Size Projection…

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Biden’s Proposal: An End to ‘Reefer Madness’ with Cannabis Rescheduling

By / May 10, 2024 /

The U.S. Drug Enforcement Agency’s move to reclassify marijuana from Schedule I to Schedule III heralds a significant shift in federal policy, acknowledging the medicinal potential of cannabis while mitigating…

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Parents Arrested After Toddler Found at Illegal Cannabis Grow in Northern California

By / May 10, 2024 /

Late in the evening on May 6, the Butte County Sheriff’s Office received a report from a mother stating that her 3-year-old child was missing. The incident took place on…

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DEA’s Doubts: Cannabis Medical Value Under Scrutiny Despite Rescheduling Proposal

By / May 10, 2024 /

In a notable contrast to recent federal acknowledgments of marijuana’s medical potential, the Drug Enforcement Administration (DEA) released a report last Thursday that appears to cast doubt on the legitimacy…

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New York Senate Passes Bill for Safe Drug Consumption Site Pilot Program

By / May 10, 2024 /

A bill proposing the creation of a statewide overdose prevention center pilot program in New York has narrowly passed out of a Senate committee this week, setting the stage for…

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Florida’s Cannabis Legalization Ballot Initiative Inches Close to Passage in Latest Poll

By / May 10, 2024 /

Despite ongoing majority support, a recent poll commissioned by an organization opposing Florida’s marijuana legalization initiative reveals that the measure is once again struggling to reach the 60 percent threshold…

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Colorado Legislators Pass Bill to Expand Cannabis Retail: Food Now on the Menu

By / May 9, 2024 /

Colorado lawmakers have passed a bill that signals a significant shift in the state’s cannabis industry. With the approval of Senate Bill 24-76, marijuana retailers will soon have the option…

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Cheech & Chong’s Cannabis Company Returns to Arizona with a Bang

By / May 9, 2024 /

Cheech & Chong, synonymous with cannabis culture, have announced their triumphant return to Arizona with Cheech and Chong’s Cannabis Company products. Teaming up with OZ Cannabis and JARS Cannabis, this…

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NYC’s War on Underground Weed: Cracking Down on Illicit Cannabis Sellers

By / May 9, 2024 /

Authorities in New York City have initiated a citywide crackdown on rampant illicit cannabis sales, aiming to curtail unauthorized distribution of marijuana. Enforcement Action Sheriff’s deputies and police visited at…

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Thailand Prime Minister Pushes for Outlawing Recreational Cannabis

By / May 9, 2024 /

Thailand’s Prime Minister Srettha Thavisin has made a bold move by urging the nation’s health ministry to reclassify recreational cannabis as an illegal substance. Reclassification Proposal Thavisin took to X,…

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Evolving Landscapes: The Impact of Cannabis Reclassification on the US Cannabis Industry

By / May 9, 2024 /

The cannabis industry is abuzz with anticipation as two of its major players, Curaleaf and Trulieve, prepare to report their earnings against the backdrop of potential marijuana reclassification by the…

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Michigan’s Cannabis Growth: $16M Investment Fuels Expansion

By / May 9, 2024 /

C3 Industries, a cannabis operator headquartered in Ann Arbor, Michigan, has recently finalized a $16 million investment deal to construct a new cultivation facility in Connecticut. The property, situated in…

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