Cannabis News Box

Illinois rakes in almost $11 million during the first week of legal cannabis sales

Illinois rakes in almost $11 million during the first week of legal cannabis sales

Bethan Rose Jenkins, Cannabis News Writer/Editorial

January 15, 2020

Since 2020 started, more than $11 million worth of recreational cannabis has been sold in the newly-legal state of Illinois; and that's just during the first week of legal sales. This is according to the state’s Department of Financial and Professional Regulation, which has confirmed that the first o...

Study shows that students living in cannabis-friendly states binge drink less

Study shows that students living in cannabis-friendly states binge drink less

Bethan Rose Jenkins, Cannabis News Writer/Editorial

January 15, 2020

Cannabis legalization may have had a positive effect on binge drinking, according to a new study. Researchers at Oregon State University carried out the study, which concluded that there was a six percent decrease in the likelihood of binge drinking among students aged 21 and above who reside in cann...

Two new cannabinoids have been identified by Italian scientists

Two new cannabinoids have been identified by Italian scientists

Bethan Rose Jenkins, Cannabis News Writer/Editorial

January 15, 2020

As many as 400 chemicals are contained in the Cannabis Sativa L. plant species. However, just a handful of chemical compounds have been closely investigated for their therapeutic potential in the field of medicine. More is now being learned about the cannabis plant, with one of the latest discoveries r...

These 5 cannabis stocks will slash production in 2020

These 5 cannabis stocks will slash production in 2020

Bethan Rose Jenkins, Cannabis News Writer/Editorial

January 13, 2020

The year 2020 brings pot investors a stroke of bad luck. According to data from the Marijuana Index – which monitors cannabis industry stocks – a 63 percent reduction in 45 of the leading North American cannabis stocks has been noticed since April 1.  Such a drastic decrease has been attribut...

North America’s legal cannabis market to inflate to $37.9 billion by 2024

North America’s legal cannabis market to inflate to $37.9 billion by 2024

Bethan Rose Jenkins, Cannabis News Writer/Editorial

January 10, 2020

Cannabis-focused strategy and research consultancy firm Prohibition Partners has published its eagerly awaited Global Cannabis Report. The findings of this report indicate that legal cannabis in North America is on its way to becoming a $37.9 billion market by 2024. On a global scale, analysts from ...

Study: Legal and illegal cannabis output in the U.S. to surpass 30 million pounds by 2025

Study: Legal and illegal cannabis output in the U.S. to surpass 30 million pounds by 2025

Bethan Rose Jenkins, Cannabis News Writer/Editorial

December 30, 2019

New Frontier Data – a global leader in providing the cannabis industry with analytics, data and business intelligence – has just published "The U.S. Cannabis Cultivation Report: 2019 Legal and Illicit Output by State." Based on the report's findings, the total volume of cannabis being produced in ...

Two new polls show ever-increasing support for cannabis legalization in the U.S.

Two new polls show ever-increasing support for cannabis legalization in the U.S.

Bethan Rose Jenkins, Cannabis News Writer/Editorial

December 30, 2019

The latest national polls suggest that support for cannabis legalization in the U.S. is steadily growing. From December 8-11, 2019, phone interviews were conducted by Fox News as part of a national survey into the general public’s view on legal weed.  A total of 1,000 adults participated in the cann...

Billionaire entrepreneur Elon Musk plans to send cannabis and coffee to space in 2020

Billionaire entrepreneur Elon Musk plans to send cannabis and coffee to space in 2020

Bethan Rose Jenkins, Cannabis News Writer/Editorial

December 30, 2019

When Elon Musk blazed up a joint during The Joe Rogan Experience live podcast in 2018, he was criticized by top NASA officials. However, the 48-year-old Tesla CEO has brushed off negative comments and is preparing to send a whole cargo filled with the green stuff to outer space. Musk and his team at ...

The black market for cannabis is overshadowing the legal market in North America

The black market for cannabis is overshadowing the legal market in North America

Bethan Rose Jenkins, Cannabis News Writer/Editorial

December 21, 2019

North America's legal cannabis market is undoubtedly thriving, but so is the black market. New Frontier Data – an independent analytics company specializing in the cannabis sector – thinks that illegally-operating cartels are capable of bagging more customers than their legal opponents, moving forward. ...

Successful vote by New Jersey lawmakers puts cannabis legalization bill on 2020 ballot

Successful vote by New Jersey lawmakers puts cannabis legalization bill on 2020 ballot

Bethan Rose Jenkins, Cannabis News Writer/Editorial

December 20, 2019

On Monday, December 16, New Jersey lawmakers initiated a ballot question that would legalize cannabis for recreational purposes statewide; placing the referendum in front of voters on the 2020 ballot. New Jersey’s recreational cannabis proposal was approved with one abstention. The measure was given a thumbs-up by the Democratic-steered As...

Oklahoma activists submit cannabis legalization proposal to qualify for 2020 ballot

Oklahoma activists submit cannabis legalization proposal to qualify for 2020 ballot

Bethan Rose Jenkins, Cannabis News Writer/Editorial

December 20, 2019

A measure that could potentially legalize recreational cannabis in Oklahoma has been sent to the Secretary of State’s office. The proposal ballot title, which is being funded by local pro-cannabis groups and a national political action committee, was submitted on Thursday, December 12. This campaign r...

California’s cannabis excise and cultivation taxes to increase as of January 1

California’s cannabis excise and cultivation taxes to increase as of January 1

Bethan Rose Jenkins, Cannabis News Writer/Editorial

December 9, 2019

State officials in California recently revealed that cannabis excise taxes will increase as of January 1, 2020. Higher cannabis excise taxes means higher prices for customers, thus giving unlicensed vendors the opportunity to undercut licensed vendors on pricing. In addition to the hike in California'...

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