With cannabis rescheduling potentially happening at some point in the next few years, a big unknown is still what that would actually look like for existing markets. But, according to one researcher, Washington state’s decade-old regulatory framework for its legal market could serve as a solid launch pad. The state’s …
The Daily Hit is a recap of the top financial news stories for Tuesday, September 10, 2024. On the Site New York cannabis regulators add more recreational licenses, further tweak rules The Cannabis Control Board introduced a measure that would allow licensees to apply for a waiver to the 1,000-foot …
The Missouri attorney general’s office teamed up with the state Division of Alcohol and Tobacco Control to launch a new task force aimed at “the spread of unregulated psychoactive cannabis products,” as a spinoff of the new crackdown on intoxicating hemp goods in the midwestern state. During a press conference, …
New York marijuana regulators on Tuesday further expanded the state’s licensed market by adding 123 permits. They also moved forward with several notable tweaks to business rules, such as a new potential zoning variance that could allow dispensaries to open more closely together in densely-packed metro areas like New York …
Incannex Healthcare Inc. (Nasdaq: IXHL) announced Tuesday it has secured a financing agreement with Arena Investors, LP for up to $60 million, in a bid to advance the company’s clinical-stage drug candidates. The deal includes up to $10 million in secured convertible notes and a $50 million equity line of …
$16.23 – Average price of a package of edibles in California Flower may still be the dominant category for cannabis consumption, but edibles are coming on strong. A key factor may be affordability coupled with accessibility. For example, in California, the average price of a package of edibles is $16.23, …
Real estate remains one of the biggest challenges for cannabis operators. Locations in legal markets are often highly restricted, and many landlords don’t wish to rent to marijuana businesses. But finding the right location is possible – and real estate investment trusts (REITs) have stepped in to help overcome that …
The Daily Hit is a recap of the top financial news stories for Monday, Sept. 9, 2024. On the Site Cannabis trade groups celebrate after Trump endorses marijuana rescheduling In a post on Truth Social, the former president also expressed support for Florida’s amendment 3 and the SAFE Banking Act. …
The Eastern Band of Cherokee Indians started selling recreational marijuana to all adults 21 and over on Saturday, marking a milestone for cannabis commerce in North Carolina, where the drug is still otherwise illegal. The Great Smoky Cannabis Company, located on the tribe’s 57,000-acre Qualla Boundary, opened its doors on …
Out of the myriad of marijuana edible brands available across the United States, four of them have risen to the top and control about 18% of the national cannabis edibles market, according to a report from New Frontier Data. The report found that for the week of Aug. 25, Oregon-based …
Financial analysts say they expect the expansion of the marijuana legalization movement will continue to post a “significant threat” to the alcohol industry, citing survey data that suggests more people are using cannabis as a substitute for alcoholic beverages such a beer and wine. A report from Bloomberg Intelligence (BI) projects that slumping sales of
California officials on Friday announced emergency regulations to tighten control over hemp-derived products, citing increasing health incidents and risks to youth. Gov. Gavin Newsom said the new rules will ban THC-containing hemp products and create stronger protections for children against unregulated THC. The news comes a month after lawmakers in …
The recent news that the Drug Enforcement Administration scheduled an administrative hearing for Dec. 2 to “consider differing expert opinions regarding rescheduling of cannabis to schedule III” put many cannabis companies on edge. “The cannabis equity market lurched violently downward on the news as it clearly pushed the issuance of …
The Daily Hit is a recap of the top financial news stories for Thursday, September 5, 2024. On the Site Longtime New Mexico cannabis company shuttering due to saturation As of Sept. 3, New Mexico had approved 1,006 retail licenses. Read more here. Jazz Pharmaceuticals’ CBD drug shows promise beyond …
Vertically integrated cannabis retail chain Sacred Garden in New Mexico, a staple of the marijuana industry since its founding in 2010, is going under and will close its doors Sept. 21, according to media reports and a notice on the company website. The New Mexico market has become too competitive …
States that prohibit marijuana use are experiencing significantly higher rates of adverse events related to delta-8 THC products, according to a new study published in the Journal of Medical Toxicology. Researchers from Ohio State University’s College of Medicine analyzed 4,925 incidents involving delta-8 THC reported to U.S. poison control centers …
The Fourth Circuit Court of Appeals ruled this week in a wrongful termination lawsuit that “all products” made from hemp that has 0.3% delta-9 THC or less are “unambiguously” federally legal. At the same time, the appellate court upheld the right of the North Carolina company to fire the worker …
One of the few Midwestern states remaining without legal medical or recreational marijuana, Wisconsin now has a formal political campaign dedicated to rectifying that, by lobbying state lawmakers to approve medical cannabis. And the new campaign is being spearheaded by Native American tribes, The Daily Cardinal reported. The Indigenous Cannabis …
Jazz Pharmaceuticals plc (Nasdaq: JAZZ) announced plans to present eight abstracts at an upcoming major conference in Europe, showcasing new data on its cannabidiol (CBD) epilepsy treatment. The survey, which the company will present at the 15th European Epilepsy Congress in Rome next week, found that 87% of caregivers reported …
“Five-week administration of CBD, but not of placebo, resulted in improvements … [in] fatigue/vitality and psychological well-being,” investigators concluded. The post Clinical Trial: CBD Dosing Reduces Daytime Fatigue Compared to Placebo appeared first on NORML.