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Marijuana sales in Colorado in November pushed the industry’s annual revenue over $2 billion for the first time since cannabis was legalized for recreational use by a 2012 ballot measure. Recreational and medical sales for marijuana accounted for about $175 million of revenue in November, according to data released Tuesday by the state Department o

Are Cannabis Stocks Good For Long-Term Investing? Original link

Adults in Virginia will be able to legally purchase marijuana for recreational use in two years, under a proposal unveiled Wednesday by the governor of the commonwealth. Under the proposal offered up by Virginia Gov. Ralph Northam, according to local television station WRIC, adults aged 21 years and older would be able to purchase pot as of January

A significant marijuana growing operation was found in Belchertown this week where police officers found hundreds of marijuana plants that violated the legal limit for growing marijuana at home.  The Belchertown Fire Department received a call of a possible house fire and when they arrived at the home on West Street they noticed a significant growi

The state of Mississippi is set to roll out its medical marijuana program this summer. The Mississippi State Department of Health, which is in charge of regulating the program, is currently building rules and a framework for the program. Those are scheduled to be released sometime in July, WJTV reported. On August 15, licenses will be distributed a

Oregon recreational cannabis sales soared in 2020, peaking during a challenging summer of racial justice protests and coronavirus lockdowns. The Oregonian/OregonLive reports the result was a record year of business for the state’s marijuana purveyors, based on data from the Oregon Liquor Control Commission, which oversees marijuana sales. Total mar

Lawmakers can’t agree on tax revenue, how it should be allotted, or how to set up an industry that creates a level playing field for all. New York Governor Andrew Cuomo has promised again that marijuana legalization is coming. However, because of how the legislative grind works in the real world, he might have to storm the state capitol to get it d

A California cannabis industry executive is calling on President Donald Trump to use his executive power in the waning days of his presidency by issuing a pardon to a nonviolent cannabis offender. Kyle Kazan, the CEO of vertically-integrated cannabis company Glass House Group, issued the plea for clemency for Parker Coleman, Jr. in an open letter t

The U.S. Food and Drug Administration is still inching its way towards developing consumer protection standards relating to CBD. Back in 2019, it appears it came as a shock to many Americans federal standards for cannabidiol (CBD) hadn’t been developed. The FDA has repeatedly stated this has been due to gaps in its knowledge and it’s a situation th

The French parliament will launch an online questionnaire today to better understand public opinion towards recreational cannabis use. The questionnaire, which will have five or six questions, will be available on the Assemblée nationale website for around one month. MP for Essonne and leader of the project, Robin Reda, told AFP that a report detai

The global cannabis market is expected to continue climbing to new heights over the next few years, according to a recent report. The report from Arcview Group & BDS Analytics, that said that the global cannabis market is expected to reach to $42.7 Billion by 2024. “That is a true testament to just how popular cannabis is among consumers and the on

These days, you’d be hard pressed to find someone who isn’t using some type of cannabis product – either recreationally, therapeutically, or both… but have you ever wondered how everyone seems able to afford it? Although many industries are struggling amid the ongoing pandemic, 2020 has been a record year for cannabis with prices and demand both at

As with so many things between 2016 and 2020, the idea that marijuana damages IQ became popular in some circles because soon-to-be-former President Donald Trump said it. In audio secretly recorded in 2018 and leaked in early 2020, President Trump told a group gathered at a White House dinner party that marijuana "does cause an IQ problem. It lowers

Marijuana use increases throughout the calendar year, with use up 13 percent on average at the end of each year (2015-2019) compared to the beginning, according to a new study published in the journal Drug and Alcohol Dependence. We found that marijuana use is consistently higher among those surveyed later in the year, peaking during late fall or e

Roughly five months. That is apparently when Mississippians can expect their newly approved medical marijuana program to begin to take shape. Two months after voters in the Magnolia State approved a measure legalizing medical cannabis, officials in Mississippi are previewing what the program’s implementation will look like in the new year. Accordin

The year 2020 was a dud in many, many ways due to the pandemic. However, it was a record year for the emerging cannabis industry. Cannabis entrepreneurs around the globe sold a record amount of cannabis and cannabis-infused products. Unfortunately, no countries legalized cannabis for adult use in 2020, but a number of countries either allowed medic

This coming year will bring major consumer-driven shifts to the hemp industry. Experts estimate that the CBD market is set to reach $18 billion by 2025 and include CBD for all uses, including topical, pet products, pharmaceuticals, and nutraceuticals.  Here are some industry trend predictions I have for 2021:  Original link

More than half of people who use medical marijuana products to ease pain also experience clusters of multiple withdrawal symptoms when they're between uses, a new study finds. And about 10% of the patients taking part in the study experienced worsening changes to their sleep, mood, mental state, energy and appetite over the next two years as they c