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Congress reintroduces federal cannabis legalization bill, Senate focuses on different measure

Bethan Rose Jenkins, Cannabis News Writer/Editorial June 15, 2021

On Friday, May 7, a bill to federally legalize cannabis and raise awareness for industry-focused social equity was formally presented in the House. The proposed piece of legislation is titled the "Marijuana...

Eight U.S. States support cancer patients in psilocybin legal battle against DEA

Eight U.S. States support cancer patients in psilocybin legal battle against DEA

Bethan Rose Jenkins, Cannabis News Writer/Editorial June 15, 2021

A legal battle that aims to provide end-of-life care patients with legal access to psychedelic substances has begun. Because of this, cancer patients who have previously been turned down the opportunity...

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Bill to legalize psychedelics possession is approved by California Senate

Bethan Rose Jenkins, Cannabis News Writer/Editorial June 11, 2021

Californians could soon be allowed to walk around in possession of psychedelic substances without facing any legal repercussions.  The news has emerged following the advancement of a bill to decriminalize...

Leading New Mexico cannabis business funnels more than $20 million into market expansion

Leading New Mexico cannabis business funnels more than $20 million into market expansion

Bethan Rose Jenkins, Cannabis News Writer/Editorial June 11, 2021

An acclaimed cannabis producer and retailer is investing more than $20 million to expand operations in its home state of New Mexico. Vertically integrated cannabis company Ultra Health is taking huge...

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Cannabis extract market value will inflate to $28.5 billion by 2027

Bethan Rose Jenkins, Cannabis News Writer/Editorial May 31, 2021

Within the next six years, the global cannabis extract market size is forecast to be worth USD$28.5 billion. These projections come courtesy of Grand View Research, Inc., which recently published a report...

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Samuel Adams brewer prepared to conduct research Canada’s cannabis beverages market

Bethan Rose Jenkins, Cannabis News Writer/Editorial May 31, 2021

The producer of Samuel Adams beer is entering the cannabis beverages industry alongside Truly Hard Seltzer — a creator of fruit-flavored sparkling drinks. According to the Boston Beer Co., a subsidiary...

Martha Stewart assumes role of strategic adviser for cannabis firm Canopy Growth

Martha Stewart assumes role of strategic adviser for cannabis firm Canopy Growth

Bethan Rose Jenkins, Cannabis News Writer/Editorial May 31, 2021

On Thursday, May 20, Canadian cannabis producer Canopy Growth Corporation unveiled its plans to bring famous businesswoman, television personality and writer Martha Stewart on-board as the company's strategic...

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Support for federal cannabis legislation grows as the SAFE and CLAIM Acts push through Congress

Bethan Rose Jenkins, Cannabis News Writer/Editorial May 31, 2021

The landscape of legal weed in the United States looks set to undergo major metamorphosis in the near future. Amid congressional consideration of the SAFE Banking Act and CLAIM Acts, cannabis-focused businesses...

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Cannabis industry forecast to contribute $92 billion to U.S. economy this year

Bethan Rose Jenkins, Cannabis News Writer/Editorial May 30, 2021

New analysis published in the MJBizFactbook indicates that this year's total U.S. economic impact from cannabis sales is more than 30 percent greater than it was in 2020. For the entirety of 2021, U.S....

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DEA will finally start approving cannabis cultivation licenses

Bethan Rose Jenkins, Cannabis News Writer/Editorial May 28, 2021

On Friday, May 13, the Drug Enforcement Administration (DEA) informed a handful of companies about its plans to finally approve cannabis grow applications.  A revised rule change proposal was released...

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Curaleaf expands cannabis footprint in Colorado with $67 million Los Sueños purchase

Bethan Rose Jenkins, Cannabis News Writer/Editorial May 24, 2021

Curaleaf Holdings, a Massachusetts-headquartered multistate cannabis operator, is intent on growing its footprint in Colorado's cannabis market. In order to accomplish this task, Curaleaf announced...

The Parent Company gears up to broaden cannabis supply with $67 million investment

The Parent Company gears up to broaden cannabis supply with $67 million investment

Bethan Rose Jenkins, Cannabis News Writer/Editorial May 23, 2021

On May 17, The Parent Company announced its entry into agreements that will bolster its supply of high-quality, California-cultivated cannabis. Valued at $50 million, the strategic investment involves...

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