Psychiatrist Humphry Osmond first coined the word “psychedelic” in the 1950s, using it to describe the mind-altering effects of substances like mescaline and LSD. He derived the term from the Greek word psykhē, meaning...
Regulated marijuana sales in the United States are expected to exceed $31 billion this year, according to a recent economic forecast from a firm specializing in cannabis and hemp business consulting, data, and economic research.
The...
The day before Thanksgiving, often referred to as “Green Wednesday” in the cannabis industry, saw a record number of sales once again. According to data collected by Jane Technologies, recreational sales on Nov. 22 reached...
Curaleaf, one of the world’s largest cannabis companies, is exiting the adult-use cannabis retail market in Maine with the sale of its licensed dispensary in South Portland. The company’s sole recreational marijuana shop...
The office of New Mexico Gov. Michelle Lujan Grisham said Tuesday that cannabis consumers “have purchased more than $678.4 million worth of adult-use cannabis products and $331.6 million in medical products since April...
Two cannabis industry groups in Oregon have decided to join forces in a merger that comes amid a downturn in the state’s market for legal marijuana. The two groups, the Oregon Cannabis Association and the Cannabis Industry...
The hemp-derived fiber market is growing exponentially. The Business Research Company, a global market research and consulting firm located across the globe, updated its reports with latest data on hemp fiber for 2024 and...
New data from the Cannabis Regulatory Agency (CRA) in Michigan revealed that the state collected more than $3.06 billion in adult-use sales last year. Compared to the $2.3 billion in sales collected in Michigan in 2022, the...
Two cannabis bills were recently sent to the desk of Gov. Gretchen Whitmer, and if passed, would work in tandem to allow the Cannabis Regulatory Agency (CRA) to do business with local Native American cannabis businesses,...
Two Tasmanian hemp business owners are founders and operators of the island state’s hemp processing operations. Andi Lucas of the hemp processing facility X-Hemp and Tim Crow of Hemp Harvests proudly embrace the benefits...
A new report projects that the global recreational marijuana market will nearly double over the next four years, with legal sales of adult-use cannabis climbing to almost $50 billion per year by 2027. The report, from U.K.-based...
I’ve been freelancing for over a decade now. While it feels like a long time, it equally feels like a blur of events, achievements, and tons of busy days. In 2011, I started covering films, then moved into electronic music....
Sales of cannabis in Arizona have exceeded $1 billion this year, according to data from the state Department of Revenue. Total marijuana sales eclipsed the billion-dollar mark in September, marking the third straight year...
Oregon cannabis producers grew too much weed again this year, according to a new report, continuing the glut of marijuana that has plagued the state’s regulated pot industry for years.
For much of this year, analysis...
Chicago-based marijuana company Cresco Labs Inc. announced on Thursday that it will become the “first cannabis company to launch cannabis advertisements on Spotify, the world’s most popular audio streaming subscription...
A group of Democratic lawmakers has written a letter to federal financial regulators calling on them to update rules that hinder cannabis business owners with past convictions for marijuana-related crimes. In the letter to...
The popularity of CBD and other hemp-derived compounds continues to surge in terms of sales. A new report predicts that the CBD market is poised to surpass $36 billion dollars by 2033.
According to market.us, the global Cannabidiol...
Twitter is opening the door for advertisers of packaged weed products, the Associated Press reports, with refined changes to the announcement that it will begin allowing THC ads in addition to CBD ads last February.
The...
Diversity among cannabis executives has returned to pre-pandemic levels. At least, that’s according to a new study, which combined surveys and data reports, and found that, as of today, around 39% of business owners in...
As cannabis earns legal status across the U.S., many businesses are now possible options for dispensaries. And what’s more weedy and trippy than a restaurant that looks like a jungle?
According to Block Club Chicago, a...
A handful of cannabis companies recently initiated a lawsuit with U.S. Attorney General Merrick Garland regarding the negative effects of federal prohibition, which hinders their business. According to the plaintiffs, which...
Annapolis, Maryland-based cannabis company Crabcakes & Cannabis®, pulled a popular parody sticker after receiving a cease-and-desist letter from McCormick & Company, Incorporated, the makers of Old Bay® seasoning,...
A report published by the U.S. Census Bureau recently shows the progress of cannabis tax revenue numbers for each state. It’s the first report of its kind from the bureau and begins with the Q3 2021.
“The Quarterly Summary...
Banking institutions are in a race to allow cannabis businesses ahead of imminent changes in the way cannabis is classified at the federal level, according to federal data. Cannabis remains prohibited at the federal level,...
As we step into 2023, we are also walking into lots of uncertainty. The state of the world and its economy are on the minds of many, and it can be easy to feel a bit apprehensive about the new year. But though there is some...
By Carmen Reinicke and Riley Griffin
Marijuana stocks surged on Wednesday after the Drug Enforcement Agency said it would review its classification of cannabis following a letter from the US Department of Health and Human...
COMPASS Pathways, a biotechnology company dedicated to innovation in mental health, gained $285 million in private funding to research psychedelics, Behavioral Health Business reports. This amount should be enough to back...
The San Francisco Board of Supervisors voted on June 6 to implement a citywide halt on issuing new cannabis business licenses for the next four-and-a-half years. The 10 members of the board present at the time voted unanimously,...
With home grow on the rise and a growing understanding of cannabis genetics, the cannabis seed market is undergoing its glory days. Allied Market Research provides a report showing the growth backed by data gathered by its...
A new type of vending machine is making waves in Colorado and it has ties to a Canadian company.
Dubbed the Automated Cannabis Experience (ACE), the machine is now available at Terrapin Care Station dispensary in Aurora,...
A new report on the U.S. cannabis market is making the rounds, and paints a pretty dire picture of where the industry is today economically, with just 24.4% of survey respondents saying their business is profitable. High...
Admittedly, since recreational cannabis remains illegal in Hawaii—with decriminalization only happening in 2019—such a high number isn’t very shocking. Still, those legally operating in Hawaii’s cannabis industry...
The Marijuana Policy Project (MPP) released a report on May 1 with data regarding cannabis tax revenue generated by states with legalization. Between 2014 and the end of 2022, the report shows that states had collected over...