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Weed sales in decline in largest drop since legalization

Weed sales in decline in largest drop since legalization

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Cannabis NewsJuly 6, 2023

Denver reported a 22% decline in marijuana sales from 2021 to 2022 as weed sales cool across the state. DENVER — Denver's weed sales are coming down from a high – and they're coming down fast. A new report from the City and County of Denver shows a 22% decline in annual marijuana sales revenue from

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Maryland dispensaries have record sales through first weekend of Recreational Marijuana Legalization

Maryland dispensaries have record sales through first weekend of Recreational Marijuana Legalization

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Cannabis NewsJuly 6, 2023

BALTIMORE - Days after recreational cannabis became legal in Maryland, dispensaries across the state continue to see record sales. The Maryland Cannabis Administration reported $10.4 million in sales over the Fourth of July weekend. Eight years ago, Christi Kekich, owner of GreenLabs in Baltimore

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Cannabis pioneer MedMen names fifth CEO in 3 years as company teeters on brink of collapse

Cannabis pioneer MedMen names fifth CEO in 3 years as company teeters on brink of collapse

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Cannabis NewsJuly 6, 2023

MedMen appoints Ellen Deutsch as CEO in Last-Ditch effort to salvage company amid impending financial collapse. Cannabis firm MedMen announced Wednesday its fifth CEO since 2020 with the appointment of Ellen Deutsch, who will be tasked with turning around the once-industry-leading company that now

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Medical Marijuana struggles to gain foothold in Indiana

Medical Marijuana struggles to gain foothold in Indiana

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Cannabis NewsJuly 5, 2023

Another legislative session passes without legalization, establishment of state program. To Indiana medical marijuana supporters, it seems like popular opinion is on their side to see the state create a program to potentially help thousands of Hoosiers and establish a new statewide industry. Results

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From $3k to $15k: the remarkable journey of ASX Cannabis Stock

From $3k to $15k: the remarkable journey of ASX Cannabis Stock

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Cannabis NewsJuly 5, 2023

Investing in the cannabis industry has been a rollercoaster ride for many, but ASX cannabis stocks, including Incannex (ASX: IHL), have showcased remarkable growth potential in recent years. Incannex, a biopharmaceutical company specializing in cannabis-based therapies, has seen its stock surge from

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RFK Jr. wants to decriminalize Pot

RFK Jr. wants to decriminalize Pot

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Cannabis NewsJuly 5, 2023

The long-shot presidential candidate made the comments on the campaign trail last week. Robert F. Kennedy Jr. vowed to make major drug reform a reality should his long-shot presidential bid land him in the White House. In an interview last Thursday, Kennedy, who is challenging President Joe Biden

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CBD promises health benefits without the Buzz

CBD promises health benefits without the Buzz

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Cannabis NewsJuly 5, 2023

Since Ohio legalized CBD in 2019, there has been a significant decrease in farming and producing medical hemp but an increase in the quality of CBD products and distribution. CBD – cannabidiol – is derived from medical hemp, which is a cannabis sativa plant with less than 0.3% THC – the compound

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CBD promises health benefits without the Buzz

CBD promises health benefits without the Buzz

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Cannabis NewsJuly 5, 2023

Since Ohio legalized CBD in 2019, there has been a significant decrease in farming and producing medical hemp but an increase in the quality of CBD products and distribution. CBD – cannabidiol – is derived from medical hemp, which is a cannabis sativa plant with less than 0.3% THC – the compound

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CBD promises health benefits without the Buzz

CBD promises health benefits without the Buzz

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Cannabis NewsJuly 5, 2023

Since Ohio legalized CBD in 2019, there has been a significant decrease in farming and producing medical hemp but an increase in the quality of CBD products and distribution. CBD – cannabidiol – is derived from medical hemp, which is a cannabis sativa plant with less than 0.3% THC – the compound

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Oklahoma Medical Cannabis firms file suit to block fee increases

Oklahoma Medical Cannabis firms file suit to block fee increases

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Cannabis NewsJuly 5, 2023

A group of Oklahoma cannabis advocates has challenged new higher fees assessed on the state’s medical marijuana providers. An Oklahoma cannabis activist has joined forces with three of the state’s medical marijuana providers to file a lawsuit against increased regulatory fees that went into effect

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Oklahoma Medical Cannabis firms file suit to block fee increases

Oklahoma Medical Cannabis firms file suit to block fee increases

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Cannabis NewsJuly 5, 2023

A group of Oklahoma cannabis advocates has challenged new higher fees assessed on the state’s medical marijuana providers. An Oklahoma cannabis activist has joined forces with three of the state’s medical marijuana providers to file a lawsuit against increased regulatory fees that went into effect

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Scientists Identify Viroid-Resistant Purple Cannabis Strain

Scientists Identify Viroid-Resistant Purple Cannabis Strain

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Cannabis NewsJuly 5, 2023

A strain of cannabis appears to be resistant to HLVd, and turns purple as it fights the viroid. While humans battle COVID, cannabis plants face an equally devastating threat: Hop latent viroid (HLVd), a viroid that occurs worldwide in hops, but in recent years jumped to cannabis, destroying THC

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Scientists identify viroid-resistant Purple Cannabis Strain

Scientists identify viroid-resistant Purple Cannabis Strain

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Cannabis NewsJuly 5, 2023

A strain of cannabis appears to be resistant to HLVd, and turns purple as it fights the viroid. While humans battle COVID, cannabis plants face an equally devastating threat: Hop latent viroid (HLVd), a viroid that occurs worldwide in hops, but in recent years jumped to cannabis, destroying THC

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The push for Legal Weed faces hostile ground in red states

The push for Legal Weed faces hostile ground in red states

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Cannabis NewsJuly 5, 2023

Legalization efforts are increasingly focused on staunchly conservative states more resistant to loosening marijuana rules. Weed legalization advocates are running out of friendly territory. The movement has swept the country over the last decade: Nearly half of Americans now live in a state where

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DeSantis signs bill prohibiting Medical Marijuana

DeSantis signs bill prohibiting Medical Marijuana

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Cannabis NewsJuly 5, 2023

Florida Governor Ron DeSantis Signs Bill Banning Medical Marijuana in Sober Living Facilities, Sparking Controversy. Florida Gov Ron DeSantis, a 2024 Republican presidential candidate, has signed a bill that expressly prohibits sober living facilities from allowing residents to possess or use

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DeSantis signs bill prohibiting Medical Marijuana

DeSantis signs bill prohibiting Medical Marijuana

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Cannabis NewsJuly 5, 2023

Florida Governor Ron DeSantis Signs Bill Banning Medical Marijuana in Sober Living Facilities, Sparking Controversy. Florida Gov Ron DeSantis, a 2024 Republican presidential candidate, has signed a bill that expressly prohibits sober living facilities from allowing residents to possess or use

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Zelensky urges Ukraine’s parliament to legalize Medical Cannabis

Zelensky urges Ukraine’s parliament to legalize Medical Cannabis

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Cannabis NewsJuly 5, 2023

Ukraine's President Volodymyr Zelensky calls MPs to speed the process to legalize medical cannabis amid the war against Russia’s invasion. In a speech in front of the Verkhovna Rada, the unicameral Parliament of Ukraine, on the occasion of Constitution Day on June 28, Zelensky stressed the need to

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Ohio has plenty of Medical Pot but not enough buyers

Ohio has plenty of Medical Pot but not enough buyers

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Cannabis NewsJuly 5, 2023

Ohio has plenty of medical marijuana but not enough people buying it. Levels of marijuana flower ready for sale as well as bulk flower held by suppliers — bulk material could be sold as flower or processed into other products — have each about doubled in the year between June 2022 and June 2023

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What does ‘Plan B’ mean for the German Cannabis industry?

What does ‘Plan B’ mean for the German Cannabis industry?

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Cannabis NewsJuly 4, 2023

The International Cannabis Business Conference (ICBC) Berlin 2023 returned to the Estrel Berlin Hotel last week, welcoming thousands of guests, speakers and exhibitors. Coming just weeks after the German government announced a major shift in its plans to launch a commercial cannabis market, the

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Group files lawsuit arguing new fees will hurt Oklahoma's legitimate Marijuana Industry

Group files lawsuit arguing new fees will hurt Oklahoma's legitimate Marijuana Industry

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Cannabis NewsJuly 4, 2023

Oklahoma lawmakers said the goal was to use the extra money to beef up enforcement. A group of marijuana dispensaries, growers and labs says new fees from the state are going to hurt the legitimate industry, alleging that the fees will total nearly $30 million. The newly increased license fees went

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