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While many businesses have been struggling to survive during the pandemic, Illinois pot dispensaries have continued to thrive, setting another sales record in July. The $61 million in recreational marijuana sales last month represented a 28% increase over June, when Illinois had $47.6 million in sales, according to the Illinois Department of Profes

New Factors Could Help to Push The Cannabis Industry Forward Original link

The U.S. House of Representatives has voted to pass an amendment that prevents the Department of Justice from spending taxpayer dollars to enforce federal anti-cannabis laws in otherwise legal cannabis sates, according to NORML. The Blumenauer-McClintock-Norton-Lee amendment protects legal marijuana programs by restricting spending on anti-marijuan

Both millennials and boomers have been smoking and spending more on cannabis since the outbreak of the coronavirus. Baby boomers and millennials can’t agree on anything: the economy, social values, and smoking cannabis. Not whether or not they should consume the plant — boomers now smoke more cannabis than high schoolers — but how, when and where a

Research out of University of Newcastle in Australia indicates cannabis has the potential to kill or inhibit cancer cells without impacting normal cells. Cancer researcher Dr Matt Dun collaborated with Australian Natural Therapeutics Group (ANTG), which produces a variety of cannabis with high levels of cannabidiol (CBD) and low levels of tetrahydr

The state recorded $365 million in sales in 2019, the first full year, and that number is estimated to grow to $950 million by 2025. So what’s the problem? Original link

Maine announced this week that the state is on track to be able to offer legal, recreational cannabis to those 21 and over by the end of the fiscal year.  This past Tuesday, the Office of Marijuana Policy announced that they had 27 businesses in the final phase of licensing and authorization in order to fully open. After a final state review, inclu

Hemp legalization has solidified that products containing cannabidiol (CBD) aren’t going away. Last February, Stephen Hahn, Commissioner of the Food and Drug Administration (FDA), acknowledged that it was “a fool's game” to attempt to pull hemp-derived CBD products off the market. Original link

Looking at present day Marijuana’s status, seeing dispensaries, legal grows, medical research, and legalized hemp…one has to believe that assuredly the Age of Cannabis has arrived. Every day it seems another state and/or country is legalizing it. The current trend leaves little doubt that Cannabis will be legal domestically in the United States rel

The communal experience of cannabis, something that has always been closely linked to joints and vapes, has now been put on an indefinite pause. Edibles to the rescue! Predictions about marijuana use during the pandemic abounded. Once businesses and buildings started to close, different states declared that cannabis is an essential business. People

Cannabis tourism is not a new concept. For many decades vacationers have flocked to cannabis hotspots like Amsterdam, Jamaica, Thailand, and other international destinations often associated with cannabis, albeit unregulated cannabis. Options for legal cannabis tourism have increased in recent years with the spread of cannabis reform. Canada is a p

The House voted to approve Part B Amendment #87 Thursday evening, which is a provision to prevent the federal government from using any funds to interfere with state medical or adult-use programs or target individuals and businesses that are in compliance with state cannabis laws. The bipartisan amendment to the Commerce, Justice, and Science appro

The majority of NJ voters across the political spectrum said they’d support legal cannabis, but probably wouldn’t use it. New Jersey Gov. Phil Murphy suggested earlier this month that legalizing recreational marijuana would be “an incredibly smart thing to do.” According to a new poll, New Jersey residents across the political spectrum agree, with

Read more at Benzinga Racial and gender diversity in the marijuana industry "is still lacking — especially in ownership and executive positions," according to MJBizDaily Research Editor Eli McVey. While the industry has taken steps to improve, more is required from it, McVey noted. With the national spotlight currently focused more intently on civi

Like everything else touched by COVID-19, unexpected trends and shifts have occurred in the cannabis industry. One such shift is towards consumers seeking value products, which are rising in popularity due to a reduction in work and income across many different industries as the COVID-19 crisis wears on. In particular, low price/high THC combinatio

The European Commission (EC) has suspended new applications for food products containing natural CBD while it considers labelling such products as “narcotics-related.” The commission has reached a “preliminary conclusion” that extracts from the flowerings of hemp plants should be considered a drug under the United Nations Single Convention on Narco

It’s one thing to decriminalize cannabis, but it’s another to encourage use with marketing and advertising that reaches kids. And that’s the problem: Almost all commercial advertising makes its way to the eyes and ears of children. If we care about public health, we should ban all cannabis ads. San Diego banned cannabis billboards within 1,000 feet

How This Summer Could Continue to Push the Boundaries of Pot Stock Growth Original link