The Magnolia Bakery, perhaps one of the most famous bakeries in the world, is now entering the cannabis edibles market. You may know Magnolia Bakery from scenes in Sex and The City, Saturday Night Live, or Broad City. Their cakes (and world-famous cupcakes), are to die for. And now, thanks to their collaboration with incredibles, […]
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Sales Of Hemp-Derived Cannabinoids Like CBD Outpace Legal Marijuana And Are On Par With Craft Beer, Report Finds
Even without robust federal regulations, the U.S. hemp industry in 2022 was larger than all state marijuana markets, and it roughly equaled sales for craft beer nationally, according to a new report. The research firm Whitney Economics published the report last week, offering a comprehensive assessment of the hemp industry that’s evolved since the crop […]
Virginia Judge Rejects Injunction on Law Limiting Delta-8, Total THC in Hemp Products
Since the 2018 Farm Bill authorized hemp production and removed the crop from the Drug Enforcement Administration’s (DEA) schedule of Controlled Substances, the hemp-derived cannabinoid industry has boomed across the nation — including the sale of hemp-derived, psychoactive delta-8 and delta-9 THC. Virginia is one of the more recent states to contest the ever-increasing hemp-derived […]
Home Values Have Increased Significantly More In States That Legalized Marijuana Than Those That Kept Criminalization, Real Estate Study Finds
Home values have grown at a significantly higher rate in states that have legalized marijuana compared to non-legal states over the past decade—with the average price of a home in a legalization state now 41 percent higher than those that have continues to criminalize cannabis—according to a new report on real estate trends. The study […]
Japanese Hemp Cultivators Working To Revitalize Hemp Industry
According to a recent report from The Japan News, the region with the most hemp cultivation in Japan is the Tochigi Prefecture, located north of Tokyo. Farmers in the area initially cultivated a variety of hemp called Tochigishiro in 1982, which they still grow today. The number of hemp farmers has dwindled, with 6,000 growers […]
Massachusetts Cannabis Businesses File Lawsuit Against the U.S. Attorney General
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 includes Massachusetts-based Canna Provisions Inc., Wiseacre Farm, Inc., and Gyasi Sellers, and Illinois-based Verano Holdings Corp., the Controlled Substances Act (CSA) causes harm to […]
Major Drug Test Supplier To Stop Testing for Cannabis, Prioritize Fentanyl
A major supplier of drug testing kits has announced an updated screening panel which no longer tests for cannabis and prioritizes testing for fentanyl. Psychemedics, a Massachusetts-based producer of drug testing kits announced Friday that they would be launching a new five-panel drug screen which will “[shift] the spotlight from marijuana to the paramount threat […]
Major Drug Test Manufacturer Replaces Marijuana With Fentanyl In Updated Screening Panel Amid Legalization Movement
A top manufacturer of drug testing technology has announced a new screening panel that no longer detects marijuana and instead prioritizes fentanyl and other controlled substances in response to the “relentless change and the pressing need to adapt” as more states legalize cannabis. Psychemedics said its updated Advanced 5-Panel Drug Screen “will transform the way […]
Report: Federal MJ Reform May Hurt Small Business and Equity, Congress Must Act
As states throughout the country continue to legalize medical and adult-use cannabis, the federal de-scheduling and later legalization of cannabis is likely to come sometime in the near future. But what exactly comes with such a widespread shift in policy? As we look ahead at the potential for federal legalization, a new report warns lawmakers […]
Survey: 65% Willing To Use Cannabis Under Guidance of Clinician
A survey, released this week by the cannabis wellness company EO Care, found that “18 percent of respondents have used cannabis for health reasons in the past year, 19 percent have used cannabis for recreational reasons, and 14 percent have used it for both.” It also revealed that the “top three reasons for their cannabis […]