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News

MedMen, The $1.7 Billion Apple Store of Weed, Goes Bankrupt Just as Marijuana Gets Rescheduled in America

by Chiara C | 12:00am

MedMen declared that they have carefully assessed the company's and its subsidiaries' current financial state. This assessment also includes their incapacity to meet financial obligations as they come and the imminent actions by secured creditors. To that end, they've reached the challenging decision to cease operations and initiate Bankruptcy Proceedings and Receivership Proceedings.

News

The Marijuana Industry's Secret Playbook to Get Weed Legalized in All 50 States - Put Abortion Rights Vote on the Same Ballot?

by HighChi | Wednesday May 1, 2024

Amendment 3 would legalize marijuana for use by people 21 years of age and older. This would allow Florida's currently operating registered medical marijuana shops to provide services to all adult consumers, meanwhile, Amendment 4 states that, with some exceptions made for legislation requiring parental notice for minors seeking abortions, abortion should not be banned, punished, delayed, or limited before viability or when determined essential for the patient's health by their healthcare professional. If Amendment 4 is approved, it will essentially overturn a recent Supreme Court decision that upheld the state's 15-week abortion restriction and open the door for a six-week limit to be approved.

News

The Picks and Shovels of Cannabis Legalization? - Food Delivery Apps and Pizza Orders Surge in Legal Marijuana States

by Joseph Billions | Sunday Apr 28, 2024

The research, based on nearly 6,000 cannabis users, reveals that these individuals are increasing their purchases of frozen food and relying more heavily on delivery apps such as DoorDash. Uber Eats compared to the average consumer. Notably, a popular choice among them for delivery is Little Caesars pizza.

News

How Worried Should You Be about Heavy Metals in Your Rolling Papers? - Study Finds Unsafe Levels of Toxic Metals in Joint Papers

by Joseph Billions | Thursday Apr 25, 2024

Inhaling dangerous metals from rolling papers is a possible health risk for cannabis users, according to a recent study published in ACS Omega. These studies had high concentrations of heavy metals such as copper, chromium, and vanadium, which alarmed researchers since they may pose health problems.

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How Many Americans Now Work in the Legal Cannabis Industry? A. 1.1 Million B. 800,000 C. 440,000 D. 250,000

by DanaSmith | Thursday Apr 25, 2024

As of 2024, the research found that there are now 440,445 full-time employees in the legal cannabis industry. According to Vangst and Whitney, it’s a “sign that the business climate has begun to stabilize somewhat nationally after the turmoil of the past two years.” “Nationwide, annual cannabis sales increased to $28.8 billion in 2023, a 10.3% rise over 2022’s sales. That figure includes all state-regulated medical and adult-use sales, but does not include hemp-derived products. That’s good news for an industry that has endured strong headwinds,” reads the report.

News

Nearly 50% of Biden Supporters Want a Dispensary Within Driving Distance, Only 12% of Trump Supporters Feel the Same Way

by Joseph Billions | Wednesday Apr 24, 2024

46.8% of individuals who will cast their votes for Joe Biden in the forthcoming presidential election said they want to reside in places where recreational marijuana is allowed. Another recent Harris Poll showed nearly 60% of American voters now believe you should be able to grow your own cannabis at home. On the other hand, 12.4% of those who wanted to vote for Donald Trump chose the same option.

News

Hemp Bioplastics to End Forever Chemicals and PFAS Molecules? - Ohio Company to Grow Hemp for New Hemp Bioplastics

by Laurel Leaf | Wednesday Apr 24, 2024

Heartland Industries utilizes hemp fibre sourced from Ohio Hemp Company and other Midwest farmers to produce small hemp pellets known as nurdles. Following this initial processing stage, the nurdles are dispatched to Ravago, where they are blended with plastic nurdles to create a bioplastic comprising 70% plastic and 30% hemp fibre. This bioplastic is subsequently employed in the fabrication of automotive parts.

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What is the Best Way to Get Marijuana Legalized, Suing the DEA or Waiting for Rescheduling?

by Karhlyle | Monday Apr 22, 2024

If MMJ wins the lawsuit, there is a route that could remove marijuana from the CSA and give medical cannabis a legal substance in America.  While rescheduling is better than nothing, the true goal of the industry should be to remove all criminal stigma around the plant and push for a full descheduling.  That would also create an efficient marketplace for the plant, allowing for interstate commerece, removal of the 280E tax code around the plant, and easier access for patients in all states.

News

If You Get High Can You Still Go and Give Blood? - The Rules for Cannabis and Donating Blood

by Joseph Billions | Monday Apr 22, 2024

The examination of marijuana usage in the context of blood donation is critical for preserving the quality of given blood while adhering to donor eligibility guidelines. Although consuming cannabis does not automatically preclude someone from giving blood, following standards assures the safety and efficacy of the process.

News

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

by BostonBakedPete | Wednesday Apr 17, 2024

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.