News

Florida Cannabis Licenses Delayed as Adult-Use Vote Approaches

By / May 30, 2024 /

Stalled Expansion in the Nation’s Largest Medical-Only Cannabis Market By law, the Florida marijuana industry – the largest medical-only cannabis market in the country with $2 billion in projected annual…

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Unlocking Healing Potential: Yale Researchers Explore Psilocybin for PTSD Treatment

By / May 30, 2024 /

Since adult-use cannabis was legalized in Missouri in 2022, the state has made significant strides in leveraging cannabis sales revenue to support various public services. Recently, the state divided $15…

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House Committee Approves Amendment to Ban Synthetic Hemp Cannabinoids

By / May 30, 2024 /

In a significant move, members of the House Committee on Agriculture have approved an amendment to federally criminalize hemp-derived products containing mood-altering cannabinoids. This amendment aims to revise the existing…

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Cannabis Rescheduling Vs. Descheduling: Implications for the Supply Chain

By / May 30, 2024 /

The essence of the cannabis industry revolves around growing, manufacturing, transporting, and distributing marijuana, collectively known as the supply chain. Recently, the Drug Enforcement Administration (DEA) accepted the Department of…

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California Law Enforcement Embraces Legalization of Cannabis

By / May 30, 2024 /

California’s pot farmers have found an unexpected ally: the police. After years of opposing cannabis legalization, the state’s most powerful law enforcement group is now supporting it, marking a significant…

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Monitoring the Evolving Business Landscape of Weed

By / May 29, 2024 /

The Massachusetts Cannabis Control Commission (CCC) recently shared that the state collected $1.8 billion in cannabis sales during 2023. This figure reflects a combined total of recreational cannabis sales ($1.56…

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Martha’s Vineyard Dispensary Sues for Right to Deliver Cannabis from Mainland Massachusetts

By / May 29, 2024 /

Martha’s Vineyard, an island off the coast of Massachusetts, is renowned for its 23 miles of scenic hills and beaches. It’s a popular destination for summer vacationers, known for its…

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The Impact of Marijuana Reclassification on Banking Services for Businesses

By / May 29, 2024 /

The Department of Justice’s move to reclassify marijuana as a less dangerous drug, on which it began formal proceedings on May 16, will not legalize state-level adult use and medical…

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Study Finds Improvement in Cannabis Lab Testing Accuracy

By / May 29, 2024 /

The number of tests found to accurately measure pyrethrin and pyrethroid compounds – common insecticides that are part of some states’ mandated third-party marijuana testing regimen – improved from 89%…

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Cannabis Rescheduling Could Lead to Greener Cultivation Practices

By / May 29, 2024 /

It is well established that indoor cannabis cultivation facilities have a significant energy and environmental footprint, largely stemming from the enormous electricity draw of horticultural lighting, powerful HVAC-D systems, and…

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Agrify Regains Nasdaq Compliance: A Milestone for the Cannabis Tech Firm

By / May 29, 2024 /

Cannabis technology firm Agrify announced that it has regained compliance with Nasdaq’s stock listing rules following the conversion of $13.8 million of debt to equity. “The $13.8 million debt-to-equity conversion…

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Data Reveals Increase in Native American Tribal Cannabis Business Owners

By / May 29, 2024 /

25% Increase in Tribally Owned Cannabis Retailers Since January 2023, we’ve witnessed a 25% increase in tribally owned retailers throughout the country, with budding markets like Minnesota potentially offering more…

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