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Italy plans to restrict nascent 'cannabis light' industry

Italy plans to restrict nascent 'cannabis light' industry

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Cannabis NewsNovember 12, 2024

Italy's flourishing "cannabis light" industry risks being uprooted this year when Prime Minister Giorgia Meloni pushes a bill through parliament to deflower a crop that is legal across much of Europe. The looming legislation is part of a broad range of measures being introduced by Meloni's arch

Marijuana Business News

Future of recreational marijuana sales in Colorado Springs still up in the air as ballot counting continues

Future of recreational marijuana sales in Colorado Springs still up in the air as ballot counting continues

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Cannabis NewsNovember 12, 2024

The future of marijuana sales in Colorado Springs hangs by a slim margin. Two initiatives on the ballot, question 2-D and question 300, are both leaning in favor of allowing recreational sales in the city -- but only by a handful of votes. Nearly a week after Election Day, votes are still being

Marijuana Business News

Rescheduling Cannabis: Are We Entering A New Era?

Rescheduling Cannabis: Are We Entering A New Era?

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Cannabis NewsNovember 11, 2024

This article examines what rescheduling cannabis would involve, the implications for various sectors, and the potential roadblocks that could arise along the way. The rescheduling of cannabis has become a hotly debated issue at the intersection of science, medicine, and policy in the US. For decades

Marijuana Business News

DE Marijuana business license winners announced, retail license lottery set for December

DE Marijuana business license winners announced, retail license lottery set for December

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Cannabis NewsNovember 11, 2024

Those selected for a marijuana business license in Delaware have been officially notified and their names released to the public. The Office of the Marijuana Commissioner officially released a public list of all of those selected for marijuana business licenses in the First State, which includes

Marijuana Business News

Cannabis company vows to sue after New Mexico destroys tens of thousands of pounds of its marijuana crop

Cannabis company vows to sue after New Mexico destroys tens of thousands of pounds of its marijuana crop

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Cannabis NewsNovember 6, 2024

State police have destroyed tens of thousands of pounds of marijuana plants at greenhouses in northwestern New Mexico, marking what regulators say is the largest seizure and destruction of cannabis in New Mexico since new possession and cultivation laws took effect in 2021. Authorities announced the

Marijuana Business News

Company vows to sue over damages after New Mexico authorities destroy cannabis crops

Company vows to sue over damages after New Mexico authorities destroy cannabis crops

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Cannabis NewsNovember 5, 2024

State police have destroyed tens of thousands of pounds of marijuana plants at greenhouses in northwestern New Mexico, marking what regulators say is the largest seizure and destruction of cannabis in New Mexico since new possession and cultivation laws took effect in 2021. Authorities announced the

Marijuana Business News

Daywatch: Regulators approve controversial cannabis dispensary

Daywatch: Regulators approve controversial cannabis dispensary

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Cannabis NewsNovember 5, 2024

Regulators have approved a controversial proposed cannabis dispensary for Chicago’s Streeterville neighborhood, despite a recommended denial from the city zoning administrator. Opponents say it is too close to a school and will delay emergency vehicles. The business was approved by a 3-2 vote of the

Marijuana Business News

New York’s Cannabis Market Could Top Sales of $6bn by 2027

New York’s Cannabis Market Could Top Sales of $6bn by 2027

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Cannabis NewsNovember 5, 2024

New York’s legal cannabis market could see annual sales top $6bn within two years, according to new analysis from Whitney Economics. In a new whitepaper, published by the leading cannabis business consultancy, Whitney Economics reports that the state’s cannabis market has already hit a ‘critical

Marijuana Business News

Cannabis And Professional Pickleball In First-Ever Sponsorship Deal

Cannabis And Professional Pickleball In First-Ever Sponsorship Deal

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Cannabis NewsOctober 31, 2024

Trulieve Cannabis Corp. inks first cannabis sponsorship with professional pickleball leagues. Trulieve Cannabis Corp. (TCNNF) recently made history as the first official cannabis sponsor of professional pickleball. In August, the company announced an innovative agreement with United Pickleball

Marijuana Business News

Judge rules law that shut down thousands of cannabis shops across New York City unconstitutional

Judge rules law that shut down thousands of cannabis shops across New York City unconstitutional

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Cannabis NewsOctober 31, 2024

A Queens judge ruled Tuesday that the local law that let New York City rapidly shut down more than 1,000 businesses accused of selling cannabis without licenses is unconstitutional because it denies shop owners their rights to due process. A statement from the attorney for Cloud Corner, who

Marijuana Business News

Dramatic Drop in Marijuana Use Among U.S. Youth Over a Decade

Dramatic Drop in Marijuana Use Among U.S. Youth Over a Decade

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Cannabis NewsOctober 29, 2024

Marijuana has emerged as one of the most commonly used illicit substances among adolescents in the United States. Given the rising number of states legalizing recreational marijuana for adults and the decreasing perception of risk among adolescents, tracking trends in youth marijuana use is more

Marijuana Business News

A new buzz: Cannabis-infused beverages offer a new high for consumers

A new buzz: Cannabis-infused beverages offer a new high for consumers

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Cannabis NewsOctober 28, 2024

Now that recreational marijuana is legal in Ohio, the canna-curious have questions about the wide range of products available. Edibles, gummies and cannabis flower may grab more attention, but marijuana-infused beverages are another option for both the recreational and medical market, according to

Marijuana Business News

NY attorney general secures $9.5 million judgment against Canandaigua cannabis shop owner

NY attorney general secures $9.5 million judgment against Canandaigua cannabis shop owner

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Cannabis NewsOctober 25, 2024

A local cannabis shop has been hit with a $9.5 million judgment from New York Attorney General Letitia James, who said the shop sold cannabis without a license and ignored notices to cease operations. George West operated Jaydega 7.0 on Main Street in Canandaigua. James said West refused to follow

Marijuana Business News

Delta-8 hemp and Texas medical marijuana industries to face off in the upcoming legislative session

Delta-8 hemp and Texas medical marijuana industries to face off in the upcoming legislative session

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Cannabis NewsOctober 24, 2024

Jack Stinnett got life-changing news in 2020 when he learned the lump that appeared on the side of his neck was tongue and mouth cancer. He and his wife Karen quickly enrolled him at MD Anderson Cancer Center in Houston, where he underwent five and a half rounds of chemotherapy and 33 treatments of

Marijuana Business News

Accounting group pushes for clarity as questions around cannabis tax rules mount

Accounting group pushes for clarity as questions around cannabis tax rules mount

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Cannabis NewsOctober 24, 2024

The Supreme Court's Chevron decision introduces a fresh aspect to demands for a definitive transition framework. The IRS is under growing pressure to clarify cannabis tax regulations, as a significant Supreme Court ruling threatens to disrupt the agency's interpretive authority with rescheduling

Marijuana Business News

Female Cannabis Consumers Outspend Men: How Tilray And High Tide Are Responding

Female Cannabis Consumers Outspend Men: How Tilray And High Tide Are Responding

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Cannabis NewsOctober 23, 2024

The U.S. cannabis industry, valued at $30 billion, is experiencing a notable change: young women are now consuming more cannabis than men for the first time. This trend is causing companies to reevaluate their product offerings and marketing strategies, as reported by Reuters. A Shift In Consumption

Marijuana Business News

Long Beach considers permit to allow cannabis consumption in public events

Long Beach considers permit to allow cannabis consumption in public events

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Cannabis NewsOctober 23, 2024

Long Beach native Snoop Dogg just turned 53 on Oct. 20, but if the Long Beach City Council moves fast enough, he’ll be able to celebrate No. 54 by smoking a blunt in public legally. “In 2019, we started this conversation with the city and they were actually looking into it, but COVID shut it down,”

Marijuana Business News

Arizona Cannabis Market Faces Decline In Sales Though Valuations Remain Strong

Arizona Cannabis Market Faces Decline In Sales Though Valuations Remain Strong

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Cannabis NewsOctober 22, 2024

After posting record sales in February and March, Arizona has seen a marked decline in both medical marijuana and adult-use cannabis sales. Arizona’s cannabis market, once hailed as a rising star in the industry, is now grappling with significant challenges. Despite the continued strength in asset

Marijuana Business News

New licenses drive growth of Costa Rican hemp sector

New licenses drive growth of Costa Rican hemp sector

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Cannabis NewsOctober 21, 2024

The Ministry of Agriculture and Livestock (MAG) has issued 57 licenses for the cultivation and production of hemp derivatives. The first license was granted on November 8, 2022, and the last one on September 3, 2024. These licenses are valid for six years. According to MAG data, most licenses have

Marijuana Business News

Canadian cannabis laws show six years of evolution

Canadian cannabis laws show six years of evolution

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Cannabis NewsOctober 18, 2024

No one expected Canada’s cannabis laws to be perfect from the get-go. When Canada legalized cannabis for adult use six years ago this week, politicians built in a timeline that ensured that it would be a work in progress. Edibles and drinks were not made legal until late 2019, and then took a while

Marijuana Business News


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