Tag: Utah

Has Medical Marijuana Already Priced Itself Out of the Cannabis Market? – 60% of Utah MMJ Patients Use the Black Market for Meds

April 18, 2024 · Cannabis.net

According to Cache Valley Daily, around 60% of Utah's medicinal cannabis users obtain their cannabis from sources other than the state's authorized market. The study, done by Cannabis Public Policy Consulting (CPPC) on behalf of the Utah Department of Agriculture and Food (UDAF), sheds light on accessibility issues in the state's medicinal cannabis program. Dr. Brandon Forsyth, Director of Industrial Hemp and Medical Cannabis at UDAF, emphasized the need of conducting annual market analyses to evaluate the performance of Utah's Medical Cannabis… Read more.

Report: Most Utah MMJ patients still buy from underground market

April 10, 2024 · Green Market Report

Nearly two-thirds of registered medical marijuana patients in Utah aren’t purchasing their medicine from regulated channels, but instead they continue to buy from the illicit market, officials with the state Department of Agriculture found in a recent study. The annual market analysis study, performed by Cannabis Public Policy Consulting, led the Department of Agriculture to conclude it has more work to do to persuade cannabis patients to purchase from state-licensed dispensaries instead of street dealers. “I am proud to see that… Read more.

Psychedelic therapy program to launch in Utah

March 25, 2024 · Green Market Report

Starting in May, Utah hospitals will be allowed to administer psilocybin and MDMA to select patients under a new pilot program, after Gov. Spencer Cox allowed a bill authorizing the move to become law without his signature. For the next three years, any privately owned nonprofit Utah hospital system with at least 15 hospitals, or any higher education medical program, will be permitted to administer the two psychedelic substances to patients for “behavioral health treatment,” Marijuana Moment reported. But the temporary program… Read more.

Utah Legislature Passes Bill To Allow Medical Use of Shrooms, MDMA

March 15, 2024 · High Times

The Utah Senate and House unanimously approved a bill that would establish a pilot program for hospitals to administer psilocybin and MDMA as alternative treatment, sending it to the governor. A bill introduced by Senate Majority Whip Kirk Cullimore (R) and House Speaker Pro Tempore James Dunnigan (R), earlier this month, Senate Bill 266, would create a pilot program to explore psilocybin and MDMA as alternative treatments in hospitals in Utah. The bill was sent to the desk of Utah Gov. Spencer Cox… Read more.

University of Utah Health Launches Center for Medical Cannabis Research

November 30, 2023 · ganjapreneur

The University of Utah Health is partnering with the state to launch the Center for Medical Cannabis Research (CMCR) which aims to “advance scientific understanding of medical cannabis and help patients and providers make informed health decisions about this increasingly common medication.”    Valerie Ahanonu, B.S., senior manager of the CMCR, said in a statement that the center’s overall aim is to “look at the methodology behind how people are using cannabis, and to create a translational approach to understanding its benefits… Read more.

A go-to-market strategy for cannabis retail sales: Q&A with The Flower Shop’s Greta Brandt

November 10, 2023 · MJ Biz Daily

By the time Greta Brandt entered the regulated cannabis industry, she already had an established career in law and politics. The skills she brought from those sectors – synthesizing complex regulations, negotiating deals and understanding contracts – proved priceless in the regulated marijuana space, where rapidly changing rules are more the norm than the exception. Today, Brandt leads 300 employees as president of The Flower Shop and True North Organics, vertically integrated cannabis companies with operations in Arizona’s recreational marijuana… Read more.

Utah Startup Applies to Sell Cannabis DUI Insurance in Oregon

October 18, 2023 · Ganjapreneur

Utah-based startup reepher has applied to sell insurance in Oregon which would cover the cost of defending a cannabis DUI, Axios reports. The cheapest reepher product offered costs $15 monthly and offers $15,000 in potential coverage, including up to $8,000 in attorney fees and $1,500 to recover a towed vehicle.   The company launched in late 2021 and currently operates in Arkansas, Georgia, Missouri, New Hampshire, and South Carolina, according to the reepher website.  CEO Justin Kahn told Axios that, to date, the company has… Read more.

States give marijuana data to Biden administration for rescheduling review

July 13, 2023 · MJ Biz Daily

At least five states with medical marijuana programs have shared key data – including the products patients are using and how they are affected – with U.S. health regulators as part of the Biden administration’s review of whether to remove marijuana from the federal government’s list of the most dangerous drugs, MJBizDaily has learned. The state data sent to the U.S. Food and Drug Administration and the Department of Health and Human Services (HHS) offers federal researchers a wider and deeper look… Read more.

Guess What Conservative Utah’s Biggest Cash Crop Is Now? – Yep, Weed!

February 25, 2023 · Cannabis.net

Cannabis has become a major cash crop in the United States owing to its legalization and increasing popularity. With the ever-growing demand for cannabis and other products derived from it, the cannabis industry has created thousands of employment and generated billions of dollars in revenue. According to a report by New Frontier Data, the legal marijuana market in the United States was valued at $17.5 billion in 2020 and is estimated to reach up to $41.5 billion by 2025. MEDICAL CANNABIS PROGRAM… Read more.

The Flower Shop Reimagines Retail Cannabis In Multiple Markets

February 23, 2023 · Forbes

Women-led multi-state operator The Flower Shop is focused on curating a larger selection of cannabis flower and products in a growing number of state markets. The company showcases artisan and craft cannabis products in a reimagined retail setting tailored to appeal to both men and women. “We operate in Arizona, Utah, New Jersey, and we will be going to Florida—hopefully soon,” says President of The Flower Shop Greta Brandt, as the company is currently securing licensing in the newer states. As president… Read more.