The medical cannabis industry is booming in New Mexico. The industry says the effects of COVID have dramatically increased demand and they’re trying to keep up.
“What we learned was it wasn’t just a New Mexico thing, in fact, the number of transactions have doubled in New Mexico, prices have gone up and the supply is pretty much in a very dire situation, very short,” said Duke Rodriguez, President, and CEO of Ultra Health.
Estimates published in the newly released Marijuana Business Factbook show the total economic impact of legal cannabis sales increasing 181 percent by 2024.
American marijuana businesses could pump up to $130 billion on an annual basis into the U.S. economy by 2024, a staggering figure that highlights the true reach of the nation’s cannabis industry.
Banking institutions and accountants offering services to cannabis businesses would have a safe harbor in California law under one of the weed-related bills awaiting state lawmakers’ action when they return to Sacramento this week.
About two-thirds of New Jersey voters are likely to vote yes on a ballot question seeking to legalize marijuana use for those over 21 this November, according to a new poll.
The survey, conducted by DKC Analytics and released Tuesday by Brach Eichler, a Roseland-based law firm with a cannabis practice, found about 68% of 500 New Jersey registered voters said they strongly support or somewhat support legalization via the ballot in the Garden State. Favorability ranked higher among Democrats than Republicans, with Independents falling in the middle.
The City College of San Francisco has announced a two-year cannabis studies degree starting this fall; the degree program is based on three courses: Introduction to Cannabis, Anthropology of Cannabis, and Psychology of Psychoactive Drugs.
Legalization at the federal level could come as soon as 2021 if Joe Biden wins the election and Democrats take control of the Senate
The U.S. could legalize marijuana at the federal level as soon as 2021 if Joe Biden is able to win the presidential election and Democrats take control of the Senate.
It’s a dramatic change in expectations from three months ago when it appeared Donald Trump would most likely win re-election, and CIBC analysts had put the odds of meaningful reform at “near-zero” for 2020 and “unlikely” for 2021.
Despite it being a crazy year, Americans can't lose sight of the fact that Election Day is a little over three months away. At stake are 435 seats in the House of Representatives, roughly a third of all seats in the Senate, and, of course, the Oval Office.
Whether you agree with the sentiment or not, financial institutions mostly still view the cannabis market via the prism of too much risk. But the banking industry is changing.
The gears of automated delivery management were in motion long before the arrival of Uber and other sharing services. Tech behemoths like Amazon had already shattered the glass ceiling on next-day delivery, but their buffet of consumer products was missing many of the smaller markets.
While the U.S. Food and Drug Administration just unveiled new draft guidelines to encourage cannabis-related clinical research, the CBD industry continues to wait in limbo for federal regulations on hemp-based products.
On Tuesday, the FDA released a seven-page draft that describes the agency’s “current thinking” on several topics surrounding the science of developing drugs containing cannabis and hemp-derived compounds.
