Cannabis News Box

Illinois’ adult-use cannabis industry is successful, but strained by lack of supply

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Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 29, 2020

During the first six months of legal recreational cannabis sales in Illinois, the state managed to harvest $52 million in revenue. While it's clear that the market has thrived since the Cannabis Regulation and Tax Act was enacted in January, supply concerns are lingering for both the medical and adult-use markets. Something t...

MedMen affiliate Captor Capital slammed with fraud lawsuit by California cannabis executive

MedMen affiliate Captor Capital slammed with fraud lawsuit by California cannabis executive

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 20, 2020

A Southern California-based cannabis entrepreneur named Matt Longo has initiated a lawsuit against Captor Capital. Longo's suit claims that the Toronto-based medical and recreational cannabis retailer has committed fraud. The dispensary owner, who says that Captor breached its contract with him, argues that...

FDA says that CBD quantity on product packaging is misleading

FDA says that CBD quantity on product packaging is misleading

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 20, 2020

The U.S. Food and Drug Administration, which is authorized by Congress to safeguard public health through the inspection/testing, approval and safety standard-setting of chemicals, cosmetics, drugs, foods, food additives, drugs and medical devices, has dropped a bomb on cannabis consumers — testing on products c...

Cannabis recommendations from Biden-Sanders aim to reschedule cannabis federally

Cannabis recommendations from Biden-Sanders aim to reschedule cannabis federally

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 20, 2020

Nationwide medical cannabis legalization and state's choice recreational cannabis laws could be enacted across the U.S., if a joint Joe Biden-Bernie Sanders task force gains approval from Democratic lawmakers. The task force that was developed as a collaboration between electoral candidate Biden and...

U.S. cannabis retail sales on-track to inflate 40 percent in 2020

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Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 15, 2020

Fresh forecasts for retail sales of medical and recreational cannabis in the United States suggest that the combined markets could surpass $15 billion by the end of this year.  The foresight into U.S. cannabis sales revenue is based on analyst predictions that were recently published in the 2020 ...

Cannabis tourism receives a positive response from surveyed travelers

Cannabis tourism receives a positive response from surveyed travelers

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 14, 2020

The cannabis tourism industry may have been put on the back burner since the coronavirus pandemic kicked off at the start of 2020, but a recent survey suggests that there is plenty of room for growth. Conducted by the leading source for travel and tourism-related statistics, MMGY Travel Intelligence, the r...

New reciprocity legislation enables out-of-staters to buy medical cannabis in New Mexico without patient card

https://www.marijuana.com/news/2018/04/new-mexico-medical-marijuana-program-tops-50k-patients/

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 14, 2020

Sweeping changes have been introduced for New Mexico’s Medical Cannabis Program. The newly-implemented reciprocity rules will make it possible for out-of-staters to buy and possess medical cannabis from the state's licensed dispensaries. Non-residents have been informed of the changes following an announcem...

Wholesale cannabis report provides insights into U.S. nationwide prices pre-pandemic

Wholesale cannabis report provides insights into U.S. nationwide prices pre-pandemic

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 13, 2020

The cannabis industry may have survived well amid the virus outbreak that has resulted in stay-at-home residential orders and compulsory curbside pickup/delivery services in some states, but how did it fare prior to the pandemic?  Cultivation and extraction reporter for Marijuana Business Daily, Bart Schaneman, ...

Signs that more U.S. states could legalize cannabis next year

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Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 30, 2020

In the midst of a virus pandemic that has created division in belief systems and sluggishness in global supply chains, the U.S. cannabis industry is booming. So much so, in fact, that states are taking strides towards minimizing criminal penalties for cannabis consumption and possession. At this crit...

DOJ employee alleges problematic DOJ scrutiny of cannabis suppliers

DOJ employee alleges problematic DOJ scrutiny of cannabis suppliers

Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 29, 2020

On Wednesday, July 1, a Department of Justice whistleblower will testify to prove that Attorney General Bill Barr unfairly targeted cannabis suppliers simply because he was against the legal industry. John Elias is the man who intends on exposing Barr for ordering antitrust probes of 10 cannabis ...

Cannabis and CBD research guidance awaiting review in the White House

http://world.edu/israel-country-leading-cannabis-research-heres/

Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 28, 2020

Among the many things that the White House has its sights set on this year, cannabis and CBD research is one of them; cannabidiol, A.K.A. 'CBD', is a non-psychoactive constituent of the cannabis plant. A draft cannabis guidance document from the Food and Drug Administration (FDA) was submitted to ...

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