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With its neighboring states embracing marijuana legalization, Connecticut is now ready to get in on the act. The state’s governor, Ned Lamont, outlined his plan to bring recreational pot to Connecticut in his budget address on Wednesday. “Now our neighboring states are offering recreational marijuana on a legal and regulated basis,” Lamont, a Democ
At the behest of the Idaho Farm Bureau, the House Agriculture Committee has voted unanimously to introduce new legislation to legalize industrial hemp in Idaho, for production, processing, transportation and research. The vote clears the way for a full hearing on the bill, which supporters said they hope will settle years of debate about how to all
About $31 million from adult-use cannabis taxes is going to nonprofits in Illinois as part of the Restore, Reinvest and Renew, or R3 program, and it’s not all going to Chicago. Cannabis sales for January neared $90 million. Since adult-use sales began in January 2020, nearly $757.9 million in cannabis has been sold. The taxes on that can be more th
Floridians said they believe hemp businesses will boom this year and are hopeful about it. “It’s just everything we worked on for two years is now in front of you. It’s very exciting,” said Holly Bell, the Director of Cannabis for the Florida Department of Agriculture. Bell said she could barely contain her excitement looking at all the harvested p
Marijuana’s slow but steady movement towards federal legalization has been heavily documented, gaining support across the nation and with more and more medical and recreational programs gaining approval. But there remains a lot of mystery in the purchase process, with many turning to black market marijuana because it seems simpler and less intimida
Thirty years from now, hemp advocates envision the versatile crop will play a prominent role in the U.S. economy, used regularly in the production of everyday products including food, fiber, fuel, pharmaceuticals and building materials. But getting to that point is not so simple. Lawmakers must adopt policies to ease the regulatory burden on farme
About $31 million from adult-use cannabis taxes is going to nonprofits in Illinois as part of the Restore, Reinvest and Renew, or the R3 program, and it’s not all going to Chicago. Cannabis sales for January neared $90 million. Since adult-use sales began in January 2020, nearly $757.9 million in cannabis has been sold. The taxes on that can be mor
The last few years have been a wild ride for the United States’ hemp-derived cannabidiol (CBD) industry. Ever since the Food and Drug Administration (FDA) took the position that CBD is unlawful in many consumer products, the industry has faced many questions about what it can and cannot do. To add fuel to this fire, many states have adopted laws an
A new study reports that cannabis use may lower blood pressure in older adults, though additional research is necessary to get a better understanding of the substance’s effect on cardiovascular health. The research comes from the Ben-Gurion University of the Negev and the Soroka University Medical Center; it was recently published in the European J
One way to reduce opioid overdose death rates in American communities may be to expand legal access to another, less lethal drug. A study published in January 2021 in the BMJ suggests that U.S. counties that have more cannabis dispensaries also have lower opioid-related deaths. The study focused on 812 counties in 23 U.S. states and the District o
Cannabis is not the only industry that can act as a microcosm of the world but it may be the most prominent. Cannabis is still federally illegal so there are many areas in which people can be turned away from participating due to previous arrests for cannabis. During the Fall Emerge 2020 Virtual Cannabis Conference & Expo, Minorities for Medical Ma
Harborside, a California cannabis dispensary, appealed the Tax Court’s decision of tax deficiencies totaling over $29 million dollars for the periods between 2007 through 2012. Harborside’s tax liability stems from the IRS’s denial of deductions under IRC §280E and the disallowances of cost of goods sold reported on Harborside’s tax returns. Intern
When 1606 Original Hemp ships a load, it crosses the country, from the company’s growing facilities in California to its manufacturing plants in New York, and back again. That means crossing dozens of state lines and navigating just as many hemp transport regulations — an overwhelming prospect. And it's more than 1606 Original Hemp wanted to manage
New Zealand is facing a collapse of legal medicinal cannabis supply after March 31, when a deadline to meet stiff new government rules is expected to keep the products of three of the country’s five main importers out of the market, reports NZ Herald’s Kate MacNamara in this Herald Premium article. Last April, the government unveiled a new regulato
There are many ways to extract CBD from hemp and cannabis plants, which include oil infusion, distillation, liquid solvent extraction, and carbon dioxide extraction. One of the most sought cannabinoids found in hemp and cannabis plants is cannabidiol (CBD) because it’s believed to be a therapeutic compound. You’ve probably heard about CBD oil, and
Cannabis legitimization has demonstrated several advantages for some reasons – pot’s remedial worth improves lives and decreases compulsion and the business development and potential is useful for the economy. However, there are as yet the individuals who demand that ongoing cannabis utilization, such as using phoenix tears Canada, simply makes ind
Mexico is one of the most exciting emerging cannabis markets in the world and we expect to see increased interest in the market from leading cannabis companies. A few months ago, we published an article on the Mexican cannabis market and received a lot of positive feedback from our readers. After noticing the amount of interest in the Mexican canna
California just overturned a state ruling that allowed for cannabis billboard advertising along state and interstate highways. While cannabis billboards are still allowed, they are prohibited on any highway that crosses state borders, a new restriction for the industry. The new regulation, which comes from the California Bureau of Cannabis Control