Housing Works' retail manager says the company has been operating in the black since opening its doors. Housing Works, the first legal adult-use marijuana shop to open for business in New York, announced Monday that it sold $12 million in cannabis in its first six months of operations. It opened its doors just two days before New Year’s Eve. The nonprofit retailer – which devotes all of its proceeds to helping underprivileged members of the community – has managed to average… Read more.
According to the Boston Herald, a Massachusetts cannabis testing laboratory accuses the Cannabis Control Commission (CCC) of retaliation after its CEO testified to lawmakers about public health concerns and lab fraud in the state's cannabis industry. During a recent hearing on proposed bills to reform the industry, MCR Labs CEO Michael Kahn raised suspicions that the CCC enforcement staff might be misusing investigations to silence and harass licensees. Kahn revealed that following his presentation on lab fraud, eight CCC staff members conducted… Read more.
Historically, marijuana companies avoided the hemp market. There’s a small but growing trend of marijuana companies expanding into hemp-derived goods that can still get consumers high. At least four high-profile companies have already made the leap in varying forms, including California-based Cookies, New York-based Curaleaf, Mike Tyson’s celebrity brand Tyson 2.0, and California cannabis brand Jeeter. The Products Cookies in late June launched a hemp-based THCA product line of flower, vape cartridges, and edibles that can be legally shipped across… Read more.
Maryland’s marijuana legalization law officially took effect on Saturday, with simple possession and personal cultivation becoming legal as the majority of existing medical cannabis dispensaries opened their doors to adult consumers for the first recreational sales. Meanwhile, a separate law also took effect on Saturday that prevents police from using the odor or possession of marijuana alone as the basis of a search. Yet another law going into force makes it so the lawful and responsible use of cannabis by parents and guardians cannot be construed… Read more.
A recent report from cannabis data and research company Whitney Economics reveals that just 24.4% of businesses in the U.S. cannabis sector are currently profitable. This is a drop 42% of cannabis companies being profitable on the past Whitney reports. This statistic highlights the ongoing struggles faced by the industry. In contrast, the previous year's survey showed that 42% of marijuana businesses were reporting profits. The latest survey included 224 respondents from 13 states, representing approximately 1.1% of licensees in those states, as… Read more.
A provider of dissolvable cannabis products, announced the launch of their flagship product, Fizzy THC Dissolvable Beverage Tablets. "There have been so many innovative cannabis products that have hit the Twin Cities in the past couple of years. When statute 151.72 passed in 2022, the flood gates opened and Minnesota's cannabis industry has taken off. Our goal is to provide consumers with a new way to enjoy cannabis - with water soluble, dissolvable tablets and products," said David Gonzalez-Cameron, Founder… Read more.
Singapore just executed a man for cannabis—and for just one kilo. Even worse, the trial appears not to have even met basic standards for fairness. This outrage comes just as neighboring Malaysia is finally following through on pledges to limit use of the death penalty—five years after a global outcry when a compassionate care provider was sentenced to be hanged for supplying cannabis oil. Despite the quasi-decriminalization in Thailand, Southeast Asia remains one of the most repressive regions on earth… Read more.
A top federal health official says there is emerging evidence that psychedelics carry “significant potential” as therapeutic treatments for certain mental health conditions, and it’s a topic of “great interest” for researchers. At a hearing before a Senate Appropriations subcommittee on Thursday, Sen. Brian Schatz (D-HI) asked National Institute on Drug Abuse (NIDA) Director Nora Volkow about the status of the agency’s research into psychedelics. The NIDA head acknowledged that “psychedelic research effectively was halted for many years” amid cultural… Read more.
Social consumption is also on the rise. The unofficial cannabis holiday of April 20 – better known as 4/20 – is tomorrow, and retailers should be prepared for a “massive” sales day, according to tech firms that have tracked sales in past years. “This is the Super Bowl for the industry,” said Socrates Rosenfeld, the CEO of California-based I Heart Jane, a tech platform that helps marijuana retailers facilitate sales. “It’s our Black Friday.” Rosenfeld said that despite headwinds in… Read more.
Here’s how you know the world has changed: there’s an adult-use cannabis dispensary on Nantucket. And not just one, but two, including The Green Lady Dispensary, which carries product actually grown on Nantucket and is the first women- and minority-owned cannabis company in Massachusetts. It’s safe to say that our city and state are now awash in adult-use dispensaries both great and small and corporate and indie, which means you no longer have to hoof it to Western Mass to get… Read more.
Germany imported a record amount of marijuana for medical and scientific use in 2022, according to fresh data from the country’s Federal Institute for Drugs and Medical Devices (BfArM). While the top-line number suggests the import business is booming, a deeper look shows that 2022 posted the slowest annual growth since the BfArM started reporting cannabis import data in 2018. Moreover, a good chunk of those imports appears to have never reached patients, possibly because of poor quality or product… Read more.
A congressional committee has approved a bill that aims to ramp up criminalization for fentanyl-related substances, while also streamlining research into Schedule I drugs like marijuana and certain psychedelics. The legislation, sponsored by Rep. Morgan Griffith (R-VA), passed the House Energy & Commerce Committee with amendments on Thursday. An amendment in the nature of a substitute was adopted by the panel, striking original provisions of the bill and replacing them with updated language that lays out penalties for fentanyl-related offenses… Read more.
Since the sale of marijuana became legal in Missouri, Fridays have been busy at Kansas City marijuana's dispensaries. On this Friday, among the customers were basketball fans from out of town. "We saw some Iowa State gear," said Sam Morrison, manager of From the Earth. "We saw, you know, some West Virginia stuff. And then all of a sudden, we saw those wide eyes come through the door." Missouri is the only state in Big 12 country with legal recreation marijuana and fans are… Read more.
Hawaii Senate voted Tuesday in favor (22-3) of SB 669, a cannabis legalization bill sponsored by state senate Democrats Stanley Chang, Jarrett Keohokalole, Angus McKelvey and Joy San Buenaventura. The legislation will now proceed to the House for consideration and possible amendments. “For years, advocates have been working to pass legislation to sensibly legalize cannabis in Hawaii. Now that this bill has advanced out of the Senate, Hawaii is one step closer to becoming the next state to end cannabis prohibition,” said Hawaii resident DeVaughn Ward, senior… Read more.
Arkansas lawmakers introduced a proposal to ban products containing delta-8, delta-9, and delta-10 THC which are not directly regulated by the state. A bill proposed in Arkansas seeks to ban synthetic THC products and add them to the state’s controlled substances list, KATV reports. The measure would specifically outlaw delta-8, delta-9, and delta-10 products that are unregulated in the state. State Sen. Justin Boyd (R), one of the bill’s sponsors, told KATC that “a ban is the best way” to keep the products out… Read more.
There's a new type of farmers market in San Francisco, but instead of buying fruits and vegetables, customers get to buy a famous California crop that is best enjoyed smoked. This market is dedicated entirely to cannabis. The new monthly event takes place at one of two downtown San Francisco dispensaries: Moe Greens on Market Street and Barbary Coast on Mission Street. The showcases allow customers to learn about dozens of different cannabis strains directly from the farmers who grow them.… Read more.
In 2018, State Question 788 in Oklahoma made it illegal to use cannabis for recreational purposes, but it was allowed for medical use with a proper license. However, the citizens of Oklahoma will be voting on March 7th to decide whether or not to legalize cannabis for recreational use statewide. This decision is seen as an opportunity to boost local businesses and promote social reform, but some critics are concerned that it could lead to an increase in addiction and… Read more.
Cannabis entrepreneur Ori Bytton is asking $38 million for a Los Angeles mansion with a custom smoking room. Mr. Bytton, 36, hails from Israel and is the founder of the cannabis products company Natura Life Science. He acquired the Bel-Air site in 2014 for $1.775 million, records show, and said he intended to build a house there for himself and his family, starting construction in October 2018. The roughly 13,600-square-foot house was finished in the past few weeks, he said.… Read more.
The conference portion of the festival is divided into 25 tracks, ranging from civic engagement and climate change to food and, yes, weed and mushrooms. South by Southwest 2023 (SXSW) is right around the corner. And this year, those who attend the Conference portion of the festival have the option to learn in-depth about a controversial topic: drugs. To make navigating the festival easier, SXSW has divided the conference portion into 25 tracks that each include a variety of sessions, including keynote and featured speakers.… Read more.
The post Future Files Trademarks Signaling A Medical Marijuana And Cannabis Company appeared first on AfroTech. The Atlanta rapper’s legal team has reportedly filed six trademarks for the name “EVOL BY FUTURE,” according to trademark attorney Clarissa Harvey. “On 2/17/23- his legal team filed six 1(b) intent-to-use trademark applications in several classes for “EVOL BY FUTURE” to be used in connection w/ smoking lounge services, vape pens, medicated oil, etc,” Harvey wrote in a tweet. Based on the trademark filings, EVOL BY FUTURE is set… Read more.
ep, it’s true. Italy’s Army is in charge of growing and producing top-grade medical marijuana and is using secret nutrients to cultivate cannabis for those suffering from illnesses like cancer or Parkinson’s disease. This year, the Army plans to produce at least 1,500 pounds of weed to cover nearly half the amount required annually to meet the country’s medical marijuana needs. “The next step is self-sufficiency — that’s our ambition,” said Nicola Latorre, who leads the Italian Defense Industries Agency, which… Read more.
As the holiday season draws to a close, many adults who have delved a little too deeply into the holiday festivities decide that a break from alcohol might be a good way to start the new year. Over the past decade, the phenomenon has manifested into Dry January, which challenges participants to abstain from alcoholic beverages during the first month of the year. And as Dry January becomes more popular, cannabis beverages are increasingly providing a buzz without booze for many consumers. The… Read more.
Mike Tyson and Evander Holyfield are teaming up once again ... but this time, it's not in the boxing ring -- the two legends are releasing a cannabis gummy collection together!! Iron Mike has become quite the weed businessman with his Tyson 2.0 brand in recent years ... and went viral when he released his "Mike Bites" edibles, which are a reference to the time he infamously took a chunk out of Real Deal's ear during their infamous 1997 bout. Getty Tyson is now including… Read more.