Cannabis News Box

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Florida set to become a pioneer in hemp production and manufacturing

‘Director of Cannabis’ Nikki Fried believes that the benefits of hemp extend far beyond the financial benefits for Florida’s economy
Bethan Rose Jenkins, Cannabis News Writer/Editorial July 15, 2019

Orange groves could soon be replaced with hemp fields in Florida, which received DEA clearance to cultivate the non-psychoactive hemp plant in 2018. The harsh elements of nature have destroyed many of...

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U.S. Supreme Court rejects 280E cannabis tax case filed by dispensary owners in Colorado

The owners Alpenglow Botanicals dispensary in Colorado must pay $53,094 to the IRS due to confusion regarding tax code 280E
Bethan Rose Jenkins, Cannabis News Writer/Editorial July 15, 2019

Entrepreneurs involved in the cannabis industry still face a number of obstacles, such as cannabis banking woes and tax burdens. For the owners of one medical cannabis dispensary in Colorado, confusion...

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Cannabis legalization is a hot political topic in the U.S.

The U.S. House of Representatives recently approved a measure preventing the DOJ from interfering with statewide cannabis laws
Bethan Rose Jenkins, Cannabis News Writer/Editorial July 15, 2019

As the “Green Rush” continues to spread across the United States of America, it is clear that the political stance on cannabis legalization is metamorphosing. Globally, the market is estimated to be...

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Illinois is the first U.S. State to offer reparations after legalizing adult-use cannabis

Analysts predict that recreational cannabis revenue in Illinois will top $1.6 billion annually once the market is launched next year
Bethan Rose Jenkins, Cannabis News Writer/Editorial July 12, 2019

It might be the 11th U.S. State to legalize cannabis, but Illinois has become the first to offer reparations in its legal cannabis program. On June 25, Governor JB Pritzker signed a bill into law making...

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Report: Industry insiders say the cannabis industry could top $15 billion in 2019

Arcview Group and BDS Analytics provided sales revenue projections for the global cannabis industry, estimating that global sales will top $44.8 billion within the next five years
Bethan Rose Jenkins, Cannabis News Writer/Editorial July 10, 2019

The rapid emergence of legal weed throughout the United States and Canada is fueling a global economy centered around the green plant. Investments, acquisitions and innovations in the industry are contributing...

Study: Australian researchers prove CBD’s potential as an antibiotic

Study: Australian researchers prove CBD’s potential as an antibiotic

Over 23,000 people die as a result of antibiotic resistance annually, but CBD could help to tackle the global threat
Bethan Rose Jenkins, Cannabis News Writer/Editorial July 9, 2019

Fresh research from Australia has pinpointed the antibiotic properties of cannabis and hemp’s non-psychoactive cannabinoid CBD (cannabidiol). This naturally occurring chemical compound, which can be...

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The NFL is edging closer to permitting medical cannabis as a treatment for pain

Bethan Rose Jenkins, Cannabis News Writer/Editorial July 8, 2019

An agreement has been made by members of the National Football League Players Association, prompting a pain management committee to conduct more studies into the use of cannabis as a treatment. The deal...

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Regulatory framework for Maine’s recreational cannabis industry signed by Governor

Maine's new recreational cannabis rules will go into effect in September
Bethan Rose Jenkins, Cannabis News Writer/Editorial July 8, 2019

The Governor of Maine has signed the state's recreational cannabis industry rules into law. Following a successful vote in November 2016 that completely legalized weed for adult-use and sale, the Democratic...

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Bruce Linton is fired from Canopy Growth, company clings onto Acreage deal

Linton claims that he was terminated from his role at Canopy Growth - the company he co-founded back in 2013
Bethan Rose Jenkins, Cannabis News Writer/Editorial July 8, 2019

The world’s largest cannabis company has abolished Bruce Linton; Canopy Growth’s very own co-founder and Co-CEO. Constellation Brands, which currently owns a 40 percent chunk of the cannabis company,...

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Cannabis banking might not be here yet but cannabis credit cards are

Cardholders may bag discounts on pot products inside Columbia Care's dispensaries
Bethan Rose Jenkins, Cannabis News Writer/Editorial July 8, 2019

Last month, Columbia Care went down in history as the first ever company to introduce a cannabis credit card created especially for the industry.  The company, which is one of the biggest medical cannabis...

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Germany’s pensioner-dominated medical cannabis market demanded 1,650 pounds of flower in Q1 2019

A survey published by the BfArM demonstrated a fairly balanced gender ratio in terms of the country’s medical cannabis patient group
Bethan Rose Jenkins, Cannabis News Writer/Editorial July 8, 2019

Older patients are steering Germany’s medical cannabis market, with the biggest patient group comprising residents aged between 50 and 59 years of age.  This is according to the latest data published...

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U.S. House of Representatives approves bipartisan amendment to protect state-legal cannabis programs

The amendment is now awaiting consideration in the full House, but it remains uncertain if the proposal will be given a green light in the Republican-dominated Senate
Bethan Rose Jenkins, Cannabis News Writer/Editorial July 5, 2019

Just as last month was coming to an end, something profound happened in the pot industry.  A successful vote (267-165) by the U.S. House of Representatives saw the approval of a bipartisan amendment...

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