Cannabis News United States


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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on April 29, 2019 in Cannabis News United States

Local marijuana entrepreneurs hoping for clarity amid banking haze

Submitted by Marijuana News Rest assured, the cash patients pay at local medical marijuana dispensaries doesn’t end up under a mattress. “We do have a bank,” said Jimil Wilson, chief financial officer for Maitri Medicinals, Fayette County’s only state-approved medical marijuana dispensary in Uniontown. So does Washington County’s only dispensary, The Healing Center in Washington. The leadership of both are aware of the common misconception that they’re cash-and-carry operations because marijuana is still illegal under federal law even in states that have legalized it for medical or recreational purposes. But the banking services available to them come at a...

Submitted by Marijuana News Rest assured, the cash patients pay at local medical marijuana dispensaries doesn’t end up under a mattress. “We do have a bank,” said Jimil Wilson, chief financial officer for Maitri Medicinals, Fayette County’s only state-approved...

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on April 16, 2019 in Cannabis News United States World News

U.S. gains ground on struggling Canada in race for pot revenue

Submitted by Marijuana News Planet 13 Holdings Inc. generated more revenue from its one flagship store in Las Vegas last month than Cronos Group Inc. did across Canada in the fourth quarter, yet Cronos’s market value is about 21 times larger than Planet 13’s. The valuation gap is just one dramatic example of the persistent disconnect between Canadian and U.S. cannabis stocks, and a reminder of the potential size of the American pot market as legalization spreads. Cannabis companies with U.S. operations have been held back by the illegality of the drug at the federal level, which has depressed...

Submitted by Marijuana News Planet 13 Holdings Inc. generated more revenue from its one flagship store in Las Vegas last month than Cronos Group Inc. did across Canada in the fourth quarter, yet Cronos’s market value is about 21...

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on April 16, 2019 in Cannabis News United States

Native American reservation becomes first in Michigan to legalize cannabis

Submitted by Marijuana News The Bay Mills Indian Community in Michigan legalized recreational cannabis on Monday, making it the first Native American reservation in the state to do so. Under the ordinance passed by the Bay Mills Executive Council, the possession, use, and cultivation of marijuana for personal use by adults 21 and older are now legal on the reservation located in Chippewa County on Michigan’s Upper Peninsula. Voters in Michigan legalized recreational marijuana in last November’s midterm elections with the approval of Proposal 1, with 55 percent of the electorate voting in favor of the measure. Bay Mills Indian Community (BMIC)...

Submitted by Marijuana News The Bay Mills Indian Community in Michigan legalized recreational cannabis on Monday, making it the first Native American reservation in the state to do so. Under the ordinance passed by the Bay Mills Executive Council, the possession,...

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on April 16, 2019 in Cannabis News United States

Colorado study finds regular cannabis users require more anesthesia for medical prcedures

Submitted by Carlie Green Cannabis users may need more than triple the typical amount of anesthesia for medical procedures according to the findings of a new study. Colorado researchers conducted the study by examining medical records of 250 patients who had an endoscopy. Of those patients, 25 used cannabis regularly between 2015 and 2017. It was found that patients who used cannabis every day or weekly required 220.5 percent higher of a dose of propofol during sedation than patients who did not. Regular consumers also required 14 percent for fentanyl and 19.6 percent more midazolam. “We were surprised by...

Submitted by Carlie Green Cannabis users may need more than triple the typical amount of anesthesia for medical procedures according to the findings of a new study. Colorado researchers conducted the study by examining medical records of 250 patients...

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