New York’s legal cannabis market is booming, generating nearly $654 million in sales, but the report highlights the struggles faced by social equity licensees who are struggling to secure funding and operate their dispensaries. Despite record sales, the industry faces challenges in promoting equitable access and navigating regulations.
Despite massive investment in the campaign for adult-use cannabis legalization, Florida’s cannabis market is showing signs of strain. While dispensary sales have softened in the third quarter of 2024, the number of dispensaries continues to rise. This raises questions about the market’s ability to support the anticipated boom if legalization passes.
The global cannabis seed market is poised for rapid growth, driven by legal changes worldwide that are increasing accessibility. With Germany and U.S. states leading the way in home cultivation, demand for seeds is soaring, benefiting European seed banks and U.S. growers alike.
As cannabis legalization gains momentum, the focus on medical marijuana, while crucial, sometimes gets overshadowed by recreational use. This article delves into the unique challenges and opportunities facing the medical cannabis sector, exploring the intersection of tax incentives, state-level regulations, and the growing competition between medical and adult-use dispensaries.
Laurie Parfitt, CEO of LKP Impact Consulting, provides insights into the potential impact of a Kamala Harris-Tim Walz presidency on the cannabis industry. While rescheduling cannabis is seen as a victory, concerns remain about the speed of full legalization. The industry awaits clarity on how federal policy will evolve, seeking a regulatory environment that allows businesses to thrive.
As Pennsylvania moves closer to legalizing recreational cannabis, Black Cannabis Week in Philadelphia is leading the charge for social equity in the burgeoning industry. This week-long event focuses on empowering Black and Latino entrepreneurs, advocating for legal reforms, and ensuring that the benefits of legalization reach communities disproportionately impacted by past marijuana laws.
Cannabis sales are booming in North Carolina’s first recreational marijuana dispensary, Great Smoky, located on the Qualla Boundary of the Eastern Band of Cherokee Indians. Meanwhile, multiple new cannabis dispensaries have opened in Florida, New York, Vermont, Illinois, Pennsylvania, Louisiana, and California, highlighting the growing legalization and accessibility of cannabis across the United States.
A new study published in JAMA Network Open explores how cannabis legalization, both medical and recreational, is affecting the prescription of mental health medications in the U.S. The findings reveal a complex relationship, with cannabis laws leading to both decreased benzodiazepine prescriptions and increased use of antidepressants and antipsychotics. This underscores the need for further research into the broader impact of cannabis legalization on mental health treatment.
Nebraska voters will decide on the legalization of medical cannabis in November 2024 after two ballot measures were certified by the Secretary of State, despite legal challenges and allegations of signature fraud. The path to certification has been contentious, with lawsuits and criminal charges against a signature gatherer, but advocates remain optimistic.
A new study suggests the Czech Republic could be leaving millions of euros on the table by delaying the legalization of cannabis. Researchers have calculated that a fully regulated market could generate significant economic benefits, surpassing the current prohibitionist approach.
