Cannabis News United States


on June 24, 2019 in Cannabis News United States Featured

13 States expected to sell at least $1 billion in cannabis by 2024

Submitted by Marijuana News The marijuana industry is growing like gangbusters, and both investors and cannabis enthusiasts couldn’t be happier. According to Bank of America analyst Christopher Carey, legal pot could one day become an industry capable of $166 billion in annual sales and could disrupt a number of other industries as it expands. But when talking about global sales, we’re really discussing the important role legal cannabis could play in the United States — a market that’s second to no other. Carey’s projection pegs the U.S. as generating more than a third of his firm’s peak sales estimate,...

Submitted by Marijuana News The marijuana industry is growing like gangbusters, and both investors and cannabis enthusiasts couldn’t be happier. According to Bank of America analyst Christopher Carey, legal pot could one day become an industry capable of $166...

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on June 24, 2019 in Cannabis News United States Featured

How Illinois became the only State to legalize weed sales without a referendum

Submitted by Marijuana News Illinois lawmakers, solving issues that tripped up lawmakers in other states, have made recreational marijuana legal, becoming the first state where the state legislature made cannabis sales legal without a vote from the people. Illinois is the 11th state to legalize marijuana and the second midwestern state to do so, following legalization approved by Michigan voters in 2018. Illinois lawmakers got it done by addressing many of the issues, including minority representation in the marijuana industry, that had derailed similar legislative action in New Jersey and New York. Joining the legal states. Illinois joins 10...

Submitted by Marijuana News Illinois lawmakers, solving issues that tripped up lawmakers in other states, have made recreational marijuana legal, becoming the first state where the state legislature made cannabis sales legal without a vote from the people. Illinois...

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on June 3, 2019 in Cannabis News United States Featured

Older Americans are the fastest growing group of medical marijuana users despite accessibility issues

Submitted by Marijuana News While medical cannabis use continues to increase across the board, the amount of Americans 60 or older using it is growing faster than any other age demographic. Despite this, a new study shows that older patients continue to have difficultly accessing this potentially life-saving medication, writes Calvin Hughes. Researchers from the University of Colorado recently set out to find how older Americans perceive and use medical marijuana. To do so they conducted 17 focus groups across Colorado and interviewed 136 people over the age of 60. “Older Americans are using cannabis for a lot of...

Submitted by Marijuana News While medical cannabis use continues to increase across the board, the amount of Americans 60 or older using it is growing faster than any other age demographic. Despite this, a new study shows that older...

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on June 3, 2019 in Cannabis News United States Featured

Marijuana advocates hit unexpected roadblocks

Submitted by Marijuana News Advocates of legalizing marijuana for recreational purposes scored their most significant legislative victory of the year Friday when the Illinois state House gave final approval to a measure allowing residents over the age of 21 to purchase and use cannabis products. But their win in Springfield comes at the end of a string of defeats in what was supposed to be a banner year for legalization. Even supporters of recreational use acknowledge their legislative agenda has run into more roadblocks than they expected. Legislators in New Jersey, Connecticut and New Mexico hit the brakes on...

Submitted by Marijuana News Advocates of legalizing marijuana for recreational purposes scored their most significant legislative victory of the year Friday when the Illinois state House gave final approval to a measure allowing residents over the age of 21...

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on May 14, 2019 in Cannabis News United States

Doctors remain cautiously optimistic about medical marijuana, says new study

Submitted by Marijuana News A new study shows that doctors believe medical marijuana can help people, but they aren’t ready to recommend it to their patients yet, writes Calvin Hughes. A group of Australian researcher recently conducted a review of 26 studies from Australia, the US, Canada and Ireland to discover how medical professionals feel about marijuana. They found that most physicians support medical marijuana in general, but they feel like they need to be more informed before giving it to patients. “Health professionals support medicinal cannabis but that support is sometimes offset by their concerns,” Kyle Gardiner –...

Submitted by Marijuana News A new study shows that doctors believe medical marijuana can help people, but they aren’t ready to recommend it to their patients yet, writes Calvin Hughes. A group of Australian researcher recently conducted a review...

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on May 14, 2019 in Cannabis News United States

8 incredible facts about the booming US marijuana industry

Submitted by Marijuana News The US marijuana industry is worth billions of dollars, and is showing no signs of slowing down. Ten US states have legalized recreational marijuana use, and 33 have legalized medicinal use. The marijuana industry is booming in the United States. From the $52 billion in sales the industry posted to the 76% increase in cannabis jobs this year, there are plenty of statistics to show marijuana’s startling contributions to the US economy. Marijuana initiatives have swept through state legislatures in recent years. Recreational marijuana use is legal in 10 US states, while medicinal marijuana is...

Submitted by Marijuana News The US marijuana industry is worth billions of dollars, and is showing no signs of slowing down. Ten US states have legalized recreational marijuana use, and 33 have legalized medicinal use. The marijuana industry is...

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on May 14, 2019 in Cannabis News United States

Colorado marijuana sales in March hit highest monthly total ever

Submitted by Marijuana News Marijuana sales keep breaking records in Colorado, where dispensaries collected more money in March 2019 than in any other month since recreational pot sales started in January 2014. According to the state Department of Revenue, legal marijuana products totaling over $142.4 million were sold in March, with recreational pot responsible for the bulk of that. Both recreational and overall sales set records for a single month, beating out the next-highest month, August 2018, by a little over $1 million. Story Continues Below Spurred by over $114.3 million in recreational sales, dispensary revenues jumped over 16...

Submitted by Marijuana News Marijuana sales keep breaking records in Colorado, where dispensaries collected more money in March 2019 than in any other month since recreational pot sales started in January 2014. According to the state Department of Revenue,...

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on April 29, 2019 in Cannabis News United States

PayPal starts lobbying for the legalization of marijuana in the US

Submitted by Marijuana News As the cannabis industry keeps being neglected in mainstream banking systems, PayPal has become one of the 20 groups registered to lobby on the SAFE Banking Act. There’s been a lot of talk about the SAFE Banking Act recently, which is usually a good sign that a bill might become an actual law. Now, the SAFE Banking Act isn’t really a legalization bill per se, but it does make it legal for big banks to do business with existing cannabis companies. That’s basically a step away from legalization – making the groundwork for upcoming laws....

Submitted by Marijuana News As the cannabis industry keeps being neglected in mainstream banking systems, PayPal has become one of the 20 groups registered to lobby on the SAFE Banking Act. There’s been a lot of talk about the...

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on April 29, 2019 in Cannabis News United States

Medical marijuana expansion Bill sent to Iowa Governor

Submitted by Marijuana News In the final hours of the legislative session Saturday, the Iowa Senate sent a bill to the governor that would expand the state’s medical marijuana program. The bill allows for more potent medical marijuana products at the state’s five dispensaries. It would remove the 3 percent cap on THC—the chemical that makes people feel high—and replace it with a per-person limit of 25 grams in 90 days. One exception to the limit is a waiver available to terminally ill people with a life expectancy of less than one year. Sen. Tom Greene, R-Burlington, had tears...

Submitted by Marijuana News In the final hours of the legislative session Saturday, the Iowa Senate sent a bill to the governor that would expand the state’s medical marijuana program. The bill allows for more potent medical marijuana products...

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on April 29, 2019 in Cannabis News United States

Federal ban on medical marijuana denies reality

Submitted by Marijuana News The majority of states in the U.S. now authorize the production and dispensing of medical marijuana to qualified patients. Nonetheless, federal law continues to define the cannabis plant as a schedule I controlled substance “with no currently accepted use in the United States.” This is an untenable, seemingly flat-Earth position that has no basis in modern reality. As acknowledged by the esteemed National Academy of Sciences, Engineering, and Medicine in 2017 following an exhaustive review of over 10,000 scientific studies, “There is conclusive or substantial evidence that cannabis and cannabinoids are effective for the treatment of chronic...

Submitted by Marijuana News The majority of states in the U.S. now authorize the production and dispensing of medical marijuana to qualified patients. Nonetheless, federal law continues to define the cannabis plant as a schedule I controlled substance “with...

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