Cannabis News

New York’s recreational cannabis market continues to suffer growing pains. With few legitimate cannabis businesses approved for licenses and an influx of illegal pot shops dotting nearly every corner, New York’s adult-use cannabis marketplace has been off to a rough start. To help correct course, New York regulators recently approved draft rules that allow home […]

CLEVELAND, OH – About 1,000 people gathered for Ohio Cannabis’s first-ever farmer’s market that was held in Cleveland last week, according to Cleveland.com The event at RedSpace on Superior Avenue was billed as a way to help cannabis enthusiasts in the community learn the fundamentals and techniques needed to grow their own cannabis at home. […]

The United States Department of Agriculture (USDA) has recently begun to include hemp in its nationwide annual surveys of the agricultural industry. This historic move marks a significant milestone, recognizing hemp as a key player in the agricultural landscape of the United States. For years, hemp farmers and advocates have worked tirelessly to legitimize this […]

TRENTON, NJ – New Jersey officials say the state has reached a milestone, with 102 medicinal and recreational cannabis dispensaries now open. The New Jersey Cannabis Regulatory Commission (NJ-CRC) announced the new total last week, about two years after recreational marijuana sales were approved in the state. “When the New Jersey Cannabis Regulatory Commission was […]

HARRISBURG, PA – Pennsylvania Governor Josh Shapiro called for the legalization of recreational marijuana in his budget address last week, the Philadelphia Inquirer reported. Shapiro, a Democrat, unveiled his $48.3 billion budget for the 2024-25 fiscal year in front of a joint session of the House and Senate.  He called on the state legislature to […]

There are only two certainties in this world: death and taxes. While tax season is undoubtedly stressful for nearly everyone, for legitimate cannabis businesses, tax time can be even more of a burden. That’s because section 280E of the Internal Revenue Service tax code outlines that no deductions can be allowed on any amount “in carrying on […]

NEW YORK, NY – There is growing evidence indicating the benefits of medical cannabis for the treatment of various ailments in animals, according to a New York Times report. However the report also cites the ongoing challenges standing in the way of more widespread use by veterinarians, including a lack of education and applicable studies […]

Things are not so sunny for cannabis advocates in the Sunshine State after Florida lawmakers approved a cap on THC levels in adult-use marijuana. Why does a THC cap matter if the drug is still illegal in Florida? Because the move is a preemptive strike at voters and marijuana advocates pushing to legalize recreational marijuana […]

NEW YORK, NY – The Brooklyn Nets and the New York Liberty have become the first NBA and WNBA teams to partner with a cannabis company, Bloomberg reports. The franchises entered into a multi-year agreement with Mynd Drinks, a hemp-based CBD sparkling beverage company with THC-free drinks.  Mynd, which also is an official partner of […]

BOSTON, MA – Officials in Massachusetts have reported a new record for total statewide cannabis sales in 2023. According to a news release from the state’s Cannabis Control Commission, gross sales by adult-use marijuana establishments in the state exceeded $1.56 billion last year.  That marked an increase of $78 million, or 5 percent, from 2022.  […]