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Global Legal Cannabis Market Expected To Reach $58 Billion In 2028

Global Legal Cannabis Market Expected To Reach $58 Billion In 2028

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Cannabis NewsMarch 7, 2024

BDSA Forecasts Worldwide Legal Cannabis Sales to Reach $58 Billion by 2028, Driven by US Adult-Use Markets. Top cannabis market researcher BDSA forecasts that the worldwide legal industry will hit $58 billion in sales in 2028 and much of that will be fueled by adult sales in the U.S. market. “U.S

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Cannabis Waste in Washington State Would Be Diverted from Landfills Under New Bill

Cannabis Waste in Washington State Would Be Diverted from Landfills Under New Bill

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Cannabis NewsMarch 7, 2024

Washington State Bill Aims to Utilize Cannabis Waste for Composting and Hempcrete. All cannabis waste currently gets sent to landfills, but the new law would allow the public to buy non-dangerous plant material to be used in composting, making hempcrete, and more. Senate Bill 5376 was recently

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Florida bill banning Delta-8, many Hemp products ready for DeSantis

Florida bill banning Delta-8, many Hemp products ready for DeSantis

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Cannabis NewsMarch 7, 2024

Business owners have said the bill could destroy the state’s hemp market and put Floridians out of work. A bill that could dramatically reshape Florida’s hemp market is ready for Gov. Ron DeSantis’ signature, in spite of warnings from business owners that it could ruin Florida’s marketplace and

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Smoke Shops Raided for Tax Fraud and Selling Cannabis to Minors

Smoke Shops Raided for Tax Fraud and Selling Cannabis to Minors

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Cannabis NewsMarch 7, 2024

Smoke shops illegally sold Cannabis to minors and also committed tax fraud. The Rockland County District Attorney's office said it found several smoke shops in Rockland County committed tax fraud and illegally sold cannabis to minors after a year-long investigation. District Attorney Thomas Walsh

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Madison trustees prohibit Marijuana dispensaries in the township

Madison trustees prohibit Marijuana dispensaries in the township

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Cannabis NewsMarch 6, 2024

There will be no marijuana dispensaries in Madison Township. The township trustees voted unanimously at their regular meeting on Monday to pass a resolution that prohibits “adult use cannabis operators and medical marijuana cultivators, processors and retail dispensaries in the unincorporated area

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Trulieve to Open Express Medical Cannabis Dispensary

Trulieve to Open Express Medical Cannabis Dispensary

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Cannabis NewsMarch 6, 2024

Trulieve Cannabis Corp Announces Opening of New Express Medical Cannabis Dispensary in Palm Bay, Florida. Trulieve Cannabis Corp a leading and top-performing cannabis company in the U.S., today announced the opening of a new express medical cannabis dispensary in Palm Bay, Florida. A grand opening

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Eastern Band of Cherokee’s Cannabis dispensary will open on 4/20

Eastern Band of Cherokee’s Cannabis dispensary will open on 4/20

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Cannabis NewsMarch 5, 2024

The Eastern Band of Cherokee’s cannabis dispensary will open April 20th. The Great Smoky Cannabis Company, operated by Qualla Enterprises on the Qualla Boundary has been in limbo as tribal leadership have been discussing the funding for the organization, solving transportation of crops and

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Mille Lacs Band building large Cannabis growing facility on tribal land

Mille Lacs Band building large Cannabis growing facility on tribal land

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Cannabis NewsMarch 5, 2024

Native American Tribe Ventures into Cannabis Industry: Mille Lacs Band of Ojibwe Builds 50,000-Square-Foot Growing Facility. The band-owned Mille Lacs Corporate Ventures has started building a 50,000-square-foot cannabis growing facility that is expected to open this fall. A company owned by the

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Maine lawmaker pushes for changes in Cannabis laws

Maine lawmaker pushes for changes in Cannabis laws

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Cannabis NewsMarch 5, 2024

A Maine lawmaker is fighting current cannabis laws and how they are enforced across the state. Republican Representative David Boyer of Poland is pushing for lawmakers to take a second look at the original marijuana laws passed in 2016 and make adjustments. The bill heard in Augusta on Monday is

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If retail Cannabis were legalized, it would be Virginia’s biggest cash crop

If retail Cannabis were legalized, it would be Virginia’s biggest cash crop

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Cannabis NewsMarch 5, 2024

That’s based on the experience in other states, where cannabis has quickly overtaken more traditional crops. Agriculture is Virginia’s largest private industry. It says so right there on the state’s website: “Agriculture is Virginia’s largest private industry.” Within agriculture, soybeans are

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Cannabis suppliers, dispensaries deal with new Missouri product packaging regulations

Cannabis suppliers, dispensaries deal with new Missouri product packaging regulations

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Cannabis NewsMarch 5, 2024

Both suppliers and dispensaries said the changes are difficult and will take a lot of time to implement. Missouri marijuana suppliers and dispensaries are in the process of making some big changes to packaging, specifically for the edibles they make and carry. This comes after an extra effort on the

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Creating a Symbol of Best Practices in Cannabis Regulatory Standards

Creating a Symbol of Best Practices in Cannabis Regulatory Standards

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Cannabis NewsMarch 5, 2024

Standardizing Cannabis Product Symbols: The Case for the International Intoxicating Cannabinoid Product Symbol (IICPS). In the past decade, the legalization of cannabis has accelerated across the U.S. Today, almost every state permits the medical use of cannabis, while close to half of all states

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Cannabis Legalization Could See Reduction In Beer Sales, New Research Suggests

Cannabis Legalization Could See Reduction In Beer Sales, New Research Suggests

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Cannabis NewsMarch 5, 2024

Cannabis Legalization Linked to Decrease in Beer Sales, Study Shows. Cannabis legalization leads to a reduction in the retail sales of beer, according to new data published in the journal of Drug and Alcohol Dependence. The study, entitled ‘Association Between Non-Medical Cannabis Legalization and

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Cannabis May Help Treat Melanoma Skin Cancer

Cannabis May Help Treat Melanoma Skin Cancer

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Cannabis NewsMarch 5, 2024

Cannabis Extract Shows Promise in Slowing Melanoma Cell Growth, Study Finds. A recent in-vitro study reveals that a cannabis extract can potentially decelerate the growth of melanoma cells and increase the rate at which these cells die. Researchers from Charles Darwin University (CDU) and the Royal

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Police bust illegal Cannabis grow site in Maine, seizing over 4,700 marijuana plants and arresting 3 people

Police bust illegal Cannabis grow site in Maine, seizing over 4,700 marijuana plants and arresting 3 people

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Cannabis NewsMarch 4, 2024

Maine Authorities Seize Thousands of Marijuana Plants, Arrest Three New York Residents in Ongoing Investigation. Authorities in Maine seized more than 4,760 marijuana plants and arrested three New York residents in Somerset County – their third search in two weeks involving suspected illegal

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Farming Hemp could get easier in Kansas

Farming Hemp could get easier in Kansas

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Cannabis NewsMarch 4, 2024

There’s progress on a Kansas bill making it easier for farmers to grow hemp in the state. HB 2168 would lower the barrier for farmers looking to grow hemp by reducing the maximum license and registration fee. Legislators say it could help farmers diversify their crops amid years of drought. After

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Sports betting vs Cannabis in Arizona: One industry generates the lion's share of tax revenue

Sports betting vs Cannabis in Arizona: One industry generates the lion's share of tax revenue

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Cannabis NewsMarch 4, 2024

Arizona's Tax Dilemma: Marijuana vs Sports Betting - Who Pays More and Why It Matters. In 2021, two industries that operated for years illegally in the state of Arizona – recreational marijuana and sports betting – were suddenly legitimate, bringing in hundreds of millions of dollars of new taxes to

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79% of Americans live in a county with legal Cannabis dispensary

79% of Americans live in a county with legal Cannabis dispensary

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Cannabis NewsMarch 4, 2024

New Data Reveals Shocking Marijuana Dispensary Stats Across America - Is Legalization Leveling the Economic Playing Field? Although marijuana is illegal under federal law, 54% of Americans live in a state where recreational use of marijuana is legal, according to an analysis from the Pew Research

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Lawsuit seeks to block Highland Park from becoming a ‘Pot City Destination’

Lawsuit seeks to block Highland Park from becoming a ‘Pot City Destination’

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Cannabis NewsMarch 1, 2024

Seven residents and a marijuana victims group have filed a lawsuit to stop the borough from going to pot. One of the residents, Mary Botteon, said in papers filed with the lawsuit that she's devoted to helping to keep her hometown as one of the best places to raise children, and doesn’t want

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State announces Branch County will get over $827,000 in Marijuana sales revenue

State announces Branch County will get over $827,000 in Marijuana sales revenue

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Cannabis NewsMarch 1, 2024

The Michigan Department of Treasury has announced that Branch County will get over $827,000 while the City of Coldwater will get nearly $649,000 and the Village of Quincy will receive over $177,000 in recreational marijuana excise tax revenue from Fiscal Year 2023. The Treasury Department announced

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