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AU: Boom in unapproved medicinal cannabis products worries experts

Prescriptions for unapproved medicinal cannabis products in Australia have quadrupled since 2019, with half issued for adults aged 24 and younger. Researchers and GPs’ representatives have questioned whether the boom has led to patients taking cannabis for conditions where there is little evidence it is…

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USDA touts economic and environmental benefits of hemp as European market expands

The U.S. Department of Agriculture (USDA) recently released a report on the hemp industry boom in Europe, recognizing that the cannabis crop is an increasingly important economic commodity that could also help the region achieve bold climate-related goals. The USDA report—titled “European Union: Market…

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Medical cannabis legalization in Kentucky appears forthcoming

An advisory committee set up this year by Gov. Andy Beshear reported that many Kentucky adults favor legalizing medical cannabis, Beshear’s office said Friday, the 30th of September. The Democratic governor formed the Medical Cannabis Advisory Committee after a bill to legalize medical cannabis died in…

Questions about how growers use gas to make money

Under the title 'kilowatt growers,' radio program Argos also addressed the energy crisis in greenhouse farming last week. The hour-long radio show questioned whether growers…

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US (OH): High prices and doctor shortage cloud medical cannabis program

Ohio medical cannabis patients are happier with the state's program than they once were, but they continue to face high prices and a shortage of doctors who can recommend cannabis, according to a new study. The report from Ohio State University's Drug Enforcement and Policy Center found more than half of…

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"The Illinois cannabis industry was supposed to bring equity, but promises are falling short"

Illinois was supposed to be the national model when government leaders pledged they’d use the 2020 legalization of cannabis to right the wrongs of the war on drugs that disproportionately harmed Black and Latino communities. Nearly three years later, those poised to benefit say they’re still stymied. “To…

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Guam: First adult-use cannabis licenses approved

The Cannabis Control Board approved the first credentials for the island’s cannabis industry on Monday afternoon, the 26th of September. The board approved the issuance of “responsible official” cannabis identification cards to David Cruz from Pacific Cultivation and Stephen Roberto from Green Flash…

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Germany versus The United States: which will legalize cannabis first?

For years, Americans have been trying to predict how the U.S. federal government would respond to the proliferation of state-level cannabis legalization. Early on, we wondered whether the federal government would preempt early adopting states’ efforts to legalize adult use of cannabis, which didn’t…

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France could postpone the legalization of medical cannabis by one year

In a short note sent to deputies seen by NewsWeed, Santé France Cannabis, an association that brings together several representative players in the future sector of medical cannabis in France, recommends ‘planning the postponement’ of the legalization of medical cannabis by one year. As a reminder,…

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US: Florida begins issuing medical cannabis licenses to Black-owned businesses

"To say this has been a long time coming is more than an understatement." Six years after Florida voters approved a medical cannabis ballot measure and six months after the Department of Health accepted applications, the first Black-owned business received its license to grow and sell cannabis for…

Prasit Tangprasert / The Phuket News

Thailand: Cannabis farmers ask for help as prices drop

Farmers in the province of Nakhon Phanom are asking the government to help regulate the prices of cannabis after the industry began seeing a drop in value due to an oversupply of the crop. Jirawat Rungsri, 56, president of the Medicinal Herbs Community Enterprise of Na Kham in Sri Songkhram district,…

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SA: Western Cape explores cannabis farming

The Western Cape government sees the agricultural sector as a key growth driver and hopes new crop varieties, including cannabis, can help to expand the local economy. The province launched a plan that will ultimately pave the way for residents to farm cannabis for commercial use, according to MEC for…

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US (VT): Growers and retailers warn of cannabis shortage ahead of retail sales

A late start for both outdoor and indoor growers, compounded by supply chain and testing problems, will mean a limited supply of adult-use cannabis available in retail stores when they start opening for business on Oct. 1, according to growers, regulators, and retailers. “We’re looking at probably 20,…

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"Female-led cannabis companies receive fraction of capital of male counterparts"

Although the cannabis industry has become more widely accepted throughout the U.S., the number of companies led by women has not kept up. According to the chief executive of Wana Brands, a female-led edibles company, a major part of this has to do with who gets the most funding: When women in the…

"Don't save what can be saved, but invest in sustainability"

Horticultural municipalities send urgent letter

Alderman Pieter Varekamp of the Westland municipality (Economy, Energy Transition), on behalf of several horticultural municipalities, is calling on Minister Jetten in an urgent…

The Dutch cannabis market: toleration, government experiment, and getting licensed

Contrary to popular belief, cannabis is not legal in The Netherlands but is merely decriminalized with lots of restrictions on its usage, growing, and distribution. So, while it is legal to smoke it in designated areas, growing more than five plants is prosecutable. This has basically forced coffee shops…

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US (MI): "Cannabis has half the value it had 18 months ago"

New information shows that cannabis products in Michigan have half the value they had 18 months ago. Michigan’s Cannabis Regulatory Agency previously announced that prices for cannabis in the state are dropping between 40-50%. The state of Michigan has over 97 licensed dispensaries, and the number keeps…

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Report predicts more than 100,000 cannabis jobs in New York, New Jersey, and Connecticut by 2025

CannabizTeam released its 1st Annual Tri-State 2022 Cannabis Industry Salary Guide, a comprehensive report that provides single and multi-state cannabis employers and prospective cannabis employees from entry-level to C-suite executives insights into the rise and revenue potential of the tri-state market…

Quarter of energy-intensive Dutch companies in red figures

A quarter of businesses in the energy-intensive sectors expect to make serious losses already this year due to the extreme rise in energy prices. An increasing percentage…

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US (IL): "More colleges than ever offer courses in cannabis"

When considering how fast the cannabis industry has grown in Illinois, D.K. Lee can’t help but think of South Korea in the 1970s. Lee, an agronomy professor at the University of Illinois at Urbana-Champaign, has spent most of his career studying perennial grasses and other specialty feedstocks. A little…

Demecan

"Cannabis legalization can succeed in conformity with the law if the entire value chain is carried out in Germany"

The legalization of cannabis for adult-use purposes is feasible in Germany, also under consideration of the requirements of international and European law. This is the result of a legal report commissioned by DEMECAN and prepared by the global commercial law firm Dentons.© Demecan  The expert opinion shows…

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US: Florida judge takes state to task over delays in medical cannabis licensing

In the latest legal battle over Florida’s budding medical cannabis industry, a higher court judge has affirmed the state’s position in dismissing a complaint from a prospective medical cannabis grower but took the state to task for delays in granting new licenses. 1st District Court of Appeals Judge Ross…

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US (IL): "Social equity program near collapse,” say cannabis advocates

A group of cannabis advocates led by Chicago NORML demonstrated outside the offices of the Illinois Department of Financial and Professional Regulation on September 7. The protesters criticized the state government’s handling of its social equity program, arguing that it’s failing to fulfill its promise…

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Cannabis prices fall as inflation explodes – here’s why

Throughout 2022, the United States has seen an annual inflation rate of 9.1% – the highest it’s been since 1981. While a number of industries have been deeply affected by this – from food to gas to energy – the cannabis industry has managed to stay under the radar. For the most part. While the price of…

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Minister spearheads St. Maarten cannabis cultivation

Minister of Public Health, Social Development and Labor (VSA) Omar Ottley welcomes proposals for the exploration of a regulated and legalized cannabis industry. Both local and international firms are invited to present their vision to the minister.The goal is to receive proposals from entities that wish…

Call for protest collective: 'Keep putting up upside-down flags'

A growing Facebook collective is calling for upside-down flags to keep hanging up. The collective, 'Farmers and Gardeners Movement Westland,' is responding to a Westland municipality decision. In the municipality, flags along public roads must be gone by 15 October. That does not alter the fact that…

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Germany’s move to legalize cannabis slows over fears of clash with EU laws

Legal hurdles are slowing down German plans to allow the controlled distribution of cannabis among adults, with fears that a badly crafted law to legalize the drug could be thrown out by the European court of justice. In a coalition agreement signed last November, the three-party government led by the…

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Members of German Bundestag travel to North America to examine cannabis legalization

A delegation of eight members of the Bundestag’s Health Committee have landed in North America to examine cannabis legalization as it is done in the US and Canada. The group will be there between September 10-17. Cannabis legalization will, however, only be part of the discussion. The delegation will…

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"Cannabis consumer spending tightens, highlighting importance of brand strength"

Akerna notes that consumer cannabis spending over Labor Day weekend was roughly flat over the same time period last year, with this year showing a total of $229.8M in sales.Compared to last year's Labor Day weekend spend, this year's holiday weekend showed a 2% decrease in consumer spending, with both…

© Dmitry Tishchenko | Dreamstime.com

UK: "People in London support cannabis decriminalization by wide margin"

Back in May, London Mayor Sadiq Khan announced that a commission would be launched to explore, among other things, cannabis policy reform. Cannabis reform is spreading across the European continent at an ever-increasing rate in most countries. However, the United Kingdom is not one of them. When cannabis…

Dreamstime

The Netherlands could, if needed, gradually shut the gas off

On Friday, the 9th of September, Dutch Climate and Energy Minister, Rob Jetten, updated the House of Representatives on the Protect and Restore Gas Plan, which the government…

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Czechia, pondering cannabis decriminalization, calls for joint EU action

Czech National Anti-drug Coordinator Jindřich Vobořil wants to strictly regulate the Czech cannabis market as cannabis sales should be decriminalized and regulated at the European level. While adult-use cannabis is not allowed in Czechia, possession and growing at home has been decriminalized since 2010…

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US: Senate cannabis banking sponsor gives details about forthcoming ‘SAFE Plus’ reform package

A key U.S. senator believes “it’s time to close the deal” on a cannabis reform package that he says will include provisions to protect banks that work with state-legal cannabis businesses, as well as equity components to build support from lawmakers who have held out for broader justice-focused change.…

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US: "Biden doesn’t plan any cannabis moves ahead of midterms"

The White House suggested on Friday that President Joe Biden will not be making any cannabis policy moves ahead of the midterm elections, with the press secretary saying that “I don’t have anything else to share in the upcoming weeks” when she was asked about other Democrats’ push for cannabis action by…

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US (AL): Businesses showing their intent to participate in medical cannabis program

Alabama’s establishment of a medical cannabis program has entered another phase, with businesses beginning to notify the state of their intention to participate in the seed-to-sale industry.The Alabama Medical Cannabis Commission received 179 requests for applications for business licenses during the…

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US: New York's timeline for legal cannabis sales has shifted

One of New York’s top cannabis regulators said the application period for most cannabis businesses would begin in the middle of next year, marking a significant timeline shift from prior statements that the entire adult-use market would likely be online by then.At an event in Yonkers on August 25 – the…

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UK government blocks Bermuda from legalizing cannabis

The United Kingdom has a new leader. And one of the government’s first acts under Prime Minister Liz Truss was to refuse to give formal permission to allow Bermuda to enact a law to legalize and regulate cannabis - despite reports that Truss herself previously supported legalizing cannabis. This is a…

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Green Check Verified acquires PayQwick to power the cannabis financial ecosystem

Green Check Verified (GCV) announced deal terms, unanimously approved by both boards, to acquire PayQwick, which has been successfully servicing underbanked cannabis businesses with payments and lending since 2015. With PayQwick on board, GCV will be the first company to serve the vertically integrated…

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Tilray initiates roundtable with German regulators to kick-off draft legislation

Tilray Brands, Inc. has initiated a policy roundtable with German regulators on adult-use cannabis legalization in Germany. In this meeting, the German Drug Commissioner, Burkhard Blienert, presented the plan for adult-use cannabis legalization and repeated the German government's announcement that a…

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Poll: Majority of voters support cannabis business banking access

A majority of American voters support allowing banks to work with state-legal cannabis businesses, according to a new poll. And most people believe it will both improve public safety and promote social equity. The survey from Independent Community Bankers of America (ICBA), which was conducted by Morning…

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NL: Investment growth in the horticulture cluster in the Greater Rotterdam – The Hague area

Both Dutch and foreign investors are increasingly investing in greenhouse horticulture in the Greater Rotterdam – The Hague area, and in particular, suppliers to the sector are attracting strong investment. The investment in knowledge-intensive horticultural suppliers quadrupled during the latter half of…

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Malta has not issued any licenses to cannabis associations and clubs

Despite leading the way on cannabis legalization in Europe, the Maltese government has yet to issue a single license allowing non-profit cannabis associations and clubs to operate. The government has also failed to issue any regulations or guidelines for the operation of the same. The government entity…

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German insurers begin to take new tact on medical cannabis

There is clearly something afoot with German health insurers when it comes to medical cannabis this fall. Perhaps it is the change in political winds on a national level with pending draft legislation on adult use, which will ensure that cannabis is a part of the wellness, if not healthcare, discussion…

More interest in external screens, thanks to hot summers

The recent extreme summer weather places huge demands on Europe's growers and crops. New techniques are also needed, as people ask, 'How do you keep greenhouses cool?' Thanks to external screens, growers do not necessarily have to find something new for this. Peter Dekker Installations has been supplying…

Crisis update: European Commission's price cap plans see energy prices drop

On Thursday, the 1st of September, for the first time last week, gas prices did not fall further after plummeting every day since Friday, August 26's extreme spike. The TTF gas price should hover around €220-240/MWh for the rest of 2022. In this crisis update, a look back at the week's energy situation.…

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US (VT): Hopeful retailers ready as clock ticks down to legalized retail cannabis

Vermont’s Cannabis Control Board can start issuing retail licenses beginning on October 1st, just weeks away. But businesses have been preparing for the big day for months. A potential retailer in West Brattleboro is getting ready to open its doors. “Yeah, things are definitely moving forward,” said…

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US (MI): "No green rush": adult-use cannabis licenses come in below max

When Traverse City began accepting applications for medical cannabis licenses in 2019, more than 70 potential provisioners filed. Now, as the city prepares to approve licenses for adult-use cannabis retailers, otherwise known as adult-use cannabis dispensaries, they have a somewhat more modestly sized…

AP Photo/Seth Wenig

US: "New York’s cannabis industry should be SAFE for workers"

When trying to get off the ground, businesses in all sectors experience trials and setbacks. Those looking to enter the cannabis space are no different. However, unlike other businesses, those working in cannabis find themselves unable to access capital and other essential financial services, leaving…

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US (FL): Governor wants medical companies to pay more for cannabis licenses

As Florida medical cannabis companies continue to rake in cash, Gov. Ron DeSantis this past week said cannabis operators need to pay more for the opportunity to do business in the state. The state “should charge these people more,” DeSantis told reporters. “I mean, these are very valuable licenses,” the…

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Study: Pharmaceutical industry suffers billions in losses after states legalize cannabis

The pharmaceutical industry takes a serious economic hit after states legalize cannabis, with an average market loss of nearly $10 billion for drugmakers per each legalization event, according to a first-of-its-kind study. The peer-reviewed research article, published in the journal PLOS ONE on…

Power BioFarms / Malen Blackmon

US (TX): "Our business model may become a Texas hemp industry standard in the future"

Since hemp became federally legalized in 2018, there have been numerous stories about entrepreneurs getting into the farming side of the industry and losing hundreds of thousands of dollars. Many of these growers have attempted to establish outdoor hemp farms but lost their crops in an epic battle…

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Germany: Debate about cannabis legalization is still raging despite government fast-tracking reform

Last Friday, Bavaria’s Health Minister Klaus Holetschek, a member of the CSU, called on the federal German Chancellor, Olaf Scholz (of the SPD), to stop plans to legalize cannabis. In a speech made in Munich, Holetschek based his arguments on a speech that the Chancellor had recently made in Magdeburg…

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US: Connecticut names micro-cultivator applicants to move forward in licensing process

Connecticut has made public the six cannabis retailers that have qualified for social equity status, who will be among the first to sell adult-use cannabis in Connecticut, provided they receive further approval and pay the necessary licensing fees. The state Department of Consumer Protection also…

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US: Georgia medical cannabis production at a standstill

This time last year, there were hopes that medical cannabis production and distribution offices would be opening in several spots in Central Georgia and around the state, like the one on Central State Hospital grounds in Milledgeville. Since then, complaints about the selection process and legal threats…

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"Cultivation licenses available in October"

US Virgin Islands publishes draft rules for medical cannabis program

In a unanimous decision, it was decided on August 12 that medical cannabis regulations would be posted publicly for 30 days. During this time, the public can voice their opinions and concerns about the proposal. An in-person meeting on August 31 will be held for the same purpose.The current draft…

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More reforms pending

US (CA): Bills to authorize interstate cannabis commerce and seal records head to governor

California bills to set up the framework for interstate cannabis commerce, streamline record sealing for cannabis convictions, safeguard firms that provide insurance to businesses in the legal industry, and more are heading to the governor’s desk. There’s been a blizzard of cannabis legislation advancing…

Credit: Paul Thomas, Natural England

UK bans peat sales for amateur gardeners

All sales of peat to amateur gardeners in England will be banned by 2024, the government has announced on Saturday, 27th August. Peatlands are the UK's largest carbon store, but only approximately 13% of our peatlands are in a near-natural state. This degradation has occurred due to drainage for…

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US: "Michigan's cannabis testing industry is like the Wild Wild West"

When consumers walk into one of the hundreds of legal cannabis dispensaries around Michigan, they have both the expectation that the product they will buy is safe and that they will be able to view THC percentages on labels. This information is important to consumers for different reasons. Consumers need…

DanCann Pharma

Poll: "Majority of Danes are positive towards legalization of cannabis"

When asked whether cannabis should be legalized in Denmark under state control, 54 percent say yes, 28 percent say no, while the remaining 18 percent say "don't know," according to a recent Norstat poll published in Berlingske of 1,001 people representing a representative sample of the adult Danish…

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"South Africa has what it takes to create global cannabis brands"

It has been almost four years since the Constitutional Court ruled that South Africans have the right to consume cannabis in the privacy of their own homes, effectively decriminalizing the personal use of cannabis. Since then, there have been important milestones that have enabled the emergence of South…

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US (NC): Simple majority vote needed for Lincoln County to allow medical cannabis

Absentee voting is open for the Medical Cannabis Special Election in Lincoln County. The election will have only one issue on the ballot — referencing the Mississippi Medical Cannabis Act SB2095 — and will have only two options, “for” or “against.” A voter who wants to allow the “cultivation, processing,…

Ken Kobayashi / Reuters

Philippine senator files bill that could make it the second Asian country to legalize cannabis

A senator is hoping that the Philippines can follow Thailand in becoming only the second Asian country to legalize the use of cannabis for medical purposes. Former movie star and newly elected lawmaker Robin Padilla last month filed a Senate bill to "legalize and regulate the medical use of cannabis,…

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US: New Mexico has approved 1,000 cannabis licenses in a year, 40% to minorities

New Mexico has approved more than 1,000 licenses for businesses to manufacture, produce, test, and sell cannabis in the first year-plus of the new industry.The vast majority of those who hold a controlling interest in those businesses — 70 percent — are men, and 67 percent report they are white,…

NYC

US (NY): New initiative announced to equitably grow cannabis industry in NYC

New York City Mayor Eric Adams and New York City Department of Small Business Services (SBS) Commissioner Kevin D. Kim today announced the launch of Cannabis NYC, a first-of-its-kind initiative and suite of services to support the equitable growth of the cannabis industry in New York City — a key pillar…

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US: "The uncertain future of hemp in Tennessee"

“Very little difference. You have to test it to tell the difference,” True South Seeds Managing Director Dan Glenn said. “It’s actually the amount of cannabinoids in the plant. But just to walk by a field, you couldn’t tell the difference.” Hemp and CBD are growing industries around Tennessee. Back in…

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US: Mississippi on track to have medical cannabis industry up and running by year’s end

By the end of 2022, medical cannabis should be available to patients in Mississippi. That’s the optimistic projection of Ken Newburger, Executive Director of the Mississippi Medical Marijuana Association. Newburger joined David Elliott on WLOX News This Week to give an update on how setting up this new…

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US: "California's taxes and regulations are killing off small cannabis farms"

The Wild Cat Road skips along a ridge line, a narrow, half-paved, half-washed-out track that once carried much of the world's finest cannabis to market.Even in mists that obscured its treacherous course as it bows toward the Pacific, the road hummed in tune with the family cannabis farms around it. Now…

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US: D.C. medical cannabis registrations surged after self-certification law took effect

Washington, D.C. residents have wasted no time taking advantage of a new law that allows people to “self-certify” as medical cannabis patients that took effect in early July, with officials releasing data that shows a significant spike in registrations last month now that people no longer need a doctor…

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Swiss region to test run legalizing cannabis

On Thursday, August 17, the Swiss Basel-Stadt region said it would launch a pilot trial next month for the legal sale of cannabis, marking the first step in Switzerland towards possible legalization. The northern canton said in a statement that it would launch its WEED CARE study on September 15 and that…

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US: Metrc announces new track-and-trace government contract with the state of Alabama

Metrc announced a new contract with the State of Alabama to support the regulation of its medical cannabis market. This marks Metrc’s 23rd government contract to date and sixth so far in 2022.Metrc’s robust track-and-trace platform will help facilitate the Alabama Medical Cannabis Commission’s data…

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Medicinal cannabis industry continues to grow in SADC

The growing of medicinal cannabis continues at an impressive pace in the southern African region, and the majority of the farmers are making use of the most cutting-edge technology on offer to improve yields and quality.Although a fairly new agricultural sector in SADC, the gaining of medicinal cannabis…

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US: Most Wisconsin voters - including Republicans - support legalizing cannabis, poll shows

Support for cannabis legalization in Wisconsin has reached a new, bipartisan high, according to a poll released on Wednesday, the 17th of August. The survey from Marquette Law School found that a solid 69 percent of registered voters in Wisconsin believe cannabis should be legal, which marks an eight…

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26% of produced cannabis got destroyed

"Canadian cannabis producers destroyed a record amount of unsold product last year"

Licensed cannabis growers destroyed a record quantity of unsold product last year, highlighting the industry’s problem with producing more than it can sell. Data provided by Health Canada show that more than 425 million grams of unpackaged dried cannabis were destroyed between January and December 2021.…

Dynamic Jack / Alissa Jubelirer

"I'm surprised crowdfunding hasn't caught on more in the cannabis industry"

With traditional lines of credit not available to cannabis businesses, entrepreneurs in the industry are forced to get creative in how they raise capital. Now, one upstart Albuquerque-based company is turning to a method frequently used by startups to get its cultivation and manufacturing operations off…

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US (AZ): Medical cannabis sales crater as adult-use cannabis sales stay sky high

Medical cannabis sales in Arizona continue to crater as adult-use sales remain robust, according to tax and sales data compiled by the Arizona Department of Revenue. Sales of medical cannabis dipped to slightly less than $45 million in May, their lowest total since January 2021, when adults were first…

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"Initiative will ensure equity and strong contracts"

US: "Historic agreement to organize Illinois cannabis industry"

Teamsters Joint Council 25 and the International Brotherhood of Teamsters have entered into a joint agreement that will give Teamsters Local 777 exclusive jurisdiction for organizing cannabis workers in the state of Illinois. The agreement is a huge step forward towards the union's efforts to organize…

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Survey shows most British people would now consider using medical cannabis

Most British people would consider using cannabis to treat medical conditions, particularly if prescribed by a doctor, a new study has shown. The survey of 4,000 people is thought to be the largest of its kind ever conducted in the UK and also found that there was low awareness of the availability of…

PSI Labs

"Potency inflation runs rampant in cannabis industry despite measures to combat it"

In the race to the highest THC potency, the integrity of cannabis lab testing data is at stake.Consumers can’t always trust the labels of cannabis products in states with mature cannabis markets, as the incentives to inflate THC potency numbers reach new proportions. Growers are going selectively to labs…

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Colombia’s new President talks up cannabis legalization and export

Newly sworn-in Colombian President Gustavo Petro is talking up the potential of legalizing cannabis, adding that it’s time to seriously think about releasing people who are currently incarcerated over cannabis, especially in light of reforms that have been enacted in U.S. states and Canada. The president…

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US: Cannabis brings profit and protection to Pine Ridge

In 2020, the people of the Oglala Sioux Tribe voted to legalize both adult-use and medical cannabis. Now, two years later, the town of Pine Ridge, with its population of just around 3,000 people, hosts adult-use cannabis dispensaries and cultivation sites. No Worries has around 2,000 square feet of…

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Medical cannabis industry flourishing in Uruguay

A global pioneer in regulating adult-use cannabis, Uruguay’s medicinal cannabis industry is also flourishing, which, despite the barriers, is growing “exponentially” with a “wide range” of products. Despite critics’ predictions of a chaotic scenario of insecurity and “narco tourism,” the then President…

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Building a bridge from legacy to legal cannabis market

Six years after the legal adult-use cannabis market opened in California, most consumers continue to buy their goods underground. Politico reported in October that sales on the illicit, or legacy, market in California totaled approximately $8 billion–twice the amount from the legal market. To allow the…

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Tilray CEO Irwin Simon:

"Cannabis in US is a $100 billion opportunity"

Tilray CEO Irwin Simon believes the legalization of cannabis at the federal level will provide major business opportunities in the United States. In a recent interview with Yahoo Finance Live, Simon predicted that the opportunity would be upward of $100 billion. "If you look at cannabis today in the…

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US (KY): "Overwhelming support for medical cannabis moves forward"

Earlier this summer, Governor Andy Beshear created the Team Kentucky Medical Cannabis Advisory Committee. He tasked the group to travel the state and listen to Kentuckians about their thoughts on medical cannabis. On Thursday, the group reported back. "We had somewhere around 150 Kentuckians who attended…

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"More people are going to get laid off"

US: "Colorado’s cannabis industry is enduring its first sustained downturn since adult-use cannabis sales began"

Colorado’s legal cannabis industry is weathering its first sustained downturn since dispensaries began selling adult-use cannabis in 2014. Dispensaries are closing. New ventures, like delivery services and social clubs, are struggling. Tax revenues are plummeting. And across the industry, layoffs are…

© Dmitry Tishchenko Dreamstime.com

US (OR): State funding will target lingering trauma of cannabis farm workers

Part of a $6 million Oregon state grant is being rolled out to help treat mental health issues among cannabis farm workers stemming from poor working conditions. Farm workers in Oregon’s cannabis industry have reported 12-hour work days in hot greenhouses, no access to water and threats of violence from…

© Dreamstime.com

Minister Of Justice in Germany’s largest state expresses support for cannabis legalization

In an encouraging development for the adult-use cannabis discussion, Benjamin Limbach, the Green Party-affiliated Minister of Justice and member of the state cabinet as of June, has now publicly backed recreational reform. According to Limbach, he will help implement any law the Bundestag passes in…

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"Inflation is making cannabis more expensive"

While inflation has already ruined many people's plans for a summer trip cross-country, the impact of rising prices may soon hit some people where it'll really hurt. Cannabis, and many of its related products, have so far largely escaped the kind of double-digit increases seen in many food products such…

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"Other farmers are $150 million ahead of the game"

US (FL): Black farmers yet to receive any Florida licenses for medical cannabis system

Nearly six years ago, the Florida Legislature set aside a medical cannabis license for a Black farmer like John Allen to join the burgeoning industry. But the license still has not been issued by the Florida Department of Health, which regulates the industry.Twenty-two licenses have been issued, but none…

© Chimpinski Dreamstime.com

CAN: Ottawa on track to spend $200M per year on cannabis for veterans

Ottawa is reimbursing a record number of veterans for medical cannabis, with new figures showing the federal government shelled out more than $150 million in the last fiscal year, more than double the amount just three years ago. And that is only the beginning, as the figures from Veterans Affairs,…

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Sales show no sign of slowing down since launch of adult-use

US: New Mexico cannabis sales hit record high of $40 million in July

Gov. Michelle Lujan Grisham and the Cannabis Control Division of the Regulation and Licensing Department on Thursday announced that July cannabis sales set a new record for monthly total sales, topping every previous month, including April, New Mexico’s first month of legalized recreational, or…


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