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Marijuana industry will add $112.4 billion to US economy in 2024

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April 24, 2024

The marijuana industry could add $112.4 billion to the U.S. economy in 2024, according to the newly released MJBiz Factbook. The marijuana industry could add $112.4 billion to the U.S. economy in 2024, according to the newly released MJBiz Factbook. Read More

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Cannabis dispensaries expect lower prices with reclassification of marijuana
by Madison Porter on May 18, 2024
East Peoria dispensary owner explains why consumers will benefit.
Buffalo ranks among the best cannabis cities
by Buffalo News on May 17, 2024
A new survey by cannabis marketing company Leafly has ranked the Queen City No. 4 on its list of "The Best Weed Cities in the United States," beating out such places as Baltimore, Seattle and all of California.
US unveils proposal to ease restrictions on marijuana
by Sarah N. Lynch on May 16, 2024
By Sarah N. Lynch WASHINGTON (Reuters) - The U.S. Justice Department on Thursday unveiled a historic proposal to ease restrictions on marijuana, a rule ...
Staten Island weed dispensary marks Customer Appreciation Day with discounts, free delivery
by Jillian Delaney | jdelaney@siadvance.com on May 16, 2024
Getting a nice little perk on your order is always a score after being a dedicated patron of a store.
Marijuana is made musical at new Berkley dispensary in Michigan
by Green Market Report on May 16, 2024
Seven Point will feature different cannabis products next to records of a variety of music genres.
Ohio committee sets stage for June recreational cannabis sales
by Sarah Donaldson on May 15, 2024
The state joint committee advanced rules on the applications for existing medical dispensaries to get dual licenses to sell to adult, non-medical customers in Ohio.
Stage is set for Ohio's adult-use cannabis market to open in June
by Chris Casacchia on May 14, 2024
A key legislative approval in Ohio on Monday has cleared a path for adult-use cannabis sales to begin next month.
Ohio law allows communities to ban recreational marijuana business. 47 already have.
by Laura Hancock, cleveland.com on May 14, 2024
The 47 communities represent just 2% of Ohio's townships, cities and villages.
Where are marijuana dispensaries in Northeast Ohio?
by Justin Dennis on May 14, 2024
The state is nearing the finish line to implement its non-medical cannabis program. You’re may be living near one location where it could be sold.
When can you buy recreational marijuana in Ohio? New rules would fast-track legal sales
by Justin Dennis on May 14, 2024
Recreational cannabis could be up for sale in Ohio sooner than anticipated, after new dispensary licensing rules were approved by a state review committee.
Why Florida medical marijuana companies are pushing so hard for recreational pot
by Ivy Nyayieka,Kirby Wilson on May 14, 2024
Growth of the medical market is slowing down.
New Jersey’s recreational marijuana industry is booming. Here’s what you need to know
by David Matthau on May 14, 2024
Recreational cannabis is now widely available in New Jersey, and sales are booming. Here’s what you should know, from who is eligible to buy to how much cannabis is taxed.
Ohio Marijuana Sales Expected To Start In Mid-June
by Dario Sabaghi on May 14, 2024
Ohio lawmakers have approved regulations on the sale of adult-use marijuana after a months-long deadlock, with anticipation that sales will start in mid-June.
Ohio recreational marijuana sales could begin by mid-June
by KDKA on May 13, 2024
GOP Lawmakers In Ohio Finally Approve Rules Allowing Cannabis Sales To Begin In June, Existing Medical Marijuana Dispensaries Can Join In
by Maureen Meehan on May 13, 2024
Ohio lawmakers clear rules for medical and recreational marijuana programs, allowing existing retailers to apply for dual-use dispensary licenses.
Ohio adult-use marijuana sales approved as part of 2023 ballot measure could begin by mid-June
by JULIE CARR SMYTH on May 13, 2024
Recreational marijuana could be available for sale in Ohio by mid-June. That's after new rules creating a dual licensing system that will allow medical marijuana dispensaries to also sell non-medical cannabis cleared a key legislative hurdle Monday.
Coming soon: Recreational marijuana dispensary applications go live in June after state panel OK’s rule
by Laura Hancock, cleveland.com on May 13, 2024
A state panel cleared Monday afternoon 11 administrative rules for the state’s medical and recreational marijuana programs.
35 dispensaries seeking to open in New Buffalo Township at Indiana state line in cannabis gold rush, new high for Michigan
by nwitimes.com on May 13, 2024
Northwest Indiana may get a contact high from the 35 dispensaries seeking to open in New Buffalo Township just across the state line.
Marijuana Stocks To Buy And Watch: Track The Leading Cannabis Stocks
by ALEXIS GARCIA on May 13, 2024
As more and more states legalize both recreational pot and medical weed, it's time to track the best marijuana stocks to buy and watch.
New York's legal cannabis program is being overhauled. Here's where officials say it failed.
by Marcia Kramer,Ali Bauman on May 10, 2024

The Real Sticky Icky Icky
by Kyle Eustice on May 19, 2024 at 10:00 am
Snoop Dogg talks about the new hemp-infused beverage Do It Fluid, his smoking routine, and what he loves about cannabis. The post The Real Sticky Icky Icky first appeared on High Times.
The Library of Cannabis
by Matt Jackson on May 18, 2024 at 10:00 am
HendRx Farm Nursery works to preserve the great works of ganja with their genetic preservation library. The post The Library of Cannabis first appeared on High Times.
Cannabis Industry Reacts to Biden’s Rescheduling Announcement
on May 17, 2024 at 4:16 pm
The President’s May 16 announcement is being touted as an important and historic first step, but many industry constituents say there’s still a long way to go, with social justice at the heart of pushes for decriminalization. Here are reactions from cannabis business executives, industry organizations, lawyers and members of Congress.
As Predicted, 4/20 Sales Surged During Cannabis Industry Holiday Weekend
on May 17, 2024 at 4:00 pm
Sales on both Friday and Saturday were up significantly, and retailers offered higher discounts to entice customers when compared to previous years.
Michigan cracks down on marijuana processor over missing cartridges, untested product
by Dustin Walsh on May 17, 2024 at 2:59 pm
This story was republished with permission from Crain’s Detroit and was written by Dustin Walsh. Missing cartridges, untested terpenes and unlabeled products. The Michigan Cannabis Regulatory Agency filed a formal complaint last week against Hazel Park marijuana processor Flavor Galaxy, alleging it is likely using illicit weed in its products. The agency issued a recall The post Michigan cracks down on marijuana processor over missing cartridges, untested product appeared first on Green Market Report.
Struggling Seelos raises $1.1M after string of clinical setbacks
by Adam Jackson on May 17, 2024 at 1:31 pm
The clinical-stage biopharmaceutical has faced several drug trial failures over the past year. The post Struggling Seelos raises $1.1M after string of clinical setbacks appeared first on Green Market Report.
DEA 2024 Report Focuses on THC Potency, Organized Crime, Youth Edible Consumption
on May 17, 2024 at 1:26 pm
The federal agency’s National Drug Threat Assessment calls attention to how scheduled substances and trafficking trends are “endangering” the U.S.
Tilray hopes to raise $250 million to buy U.S. assets
by Debra Borchardt on May 17, 2024 at 12:56 pm
Tilray cited potential changes in U.S. legalization for its move to buy assets. The post Tilray hopes to raise $250 million to buy U.S. assets appeared first on Green Market Report.
4Front sees first quarter revenue dip, pushes expansion efforts
by Adam Jackson on May 17, 2024 at 12:41 pm
4Front is aiming to quintuple flower supply in Illinois, with harvests scaling to full capacity by August. The post 4Front sees first quarter revenue dip, pushes expansion efforts appeared first on Green Market Report.
DEA Report Reflects Average Potency of THC in Illegal Cannabis at 16%
by Nicole Potter on May 17, 2024 at 10:00 am
The DEA’s report assesses the status of a variety of federally illegal substances, including fentanyl, heroin, and cannabis. The post DEA Report Reflects Average Potency of THC in Illegal Cannabis at 16% first appeared on High Times.
New Study Analyzes the Effects of THCV, CBD on Weight Loss
by Nicole Potter on May 17, 2024 at 10:00 am
Study participants were given doses of THCV/CBD or a placebo in order for researchers to examine the potential effects on metabolic syndrome. The post New Study Analyzes the Effects of THCV, CBD on Weight Loss first appeared on High Times.
Twenty-One of 27 European Union Countries Legalized Medical Cannabis, Report Highlights
by Benjamin M. Adams on May 17, 2024 at 10:00 am
Biortica Agrimed released an assessment of the state of medical cannabis and decriminalization laws in the EU. The post Twenty-One of 27 European Union Countries Legalized Medical Cannabis, Report Highlights first appeared on High Times.
Gifting Parties in Connecticut Can Continue with Limits Under Settlement with Attorney General
by Benjamin M. Adams on May 17, 2024 at 10:00 am
Attorney General William Tong arrived at a settlement over gifting parties with HighBazaar in Connecticut. The post Gifting Parties in Connecticut Can Continue with Limits Under Settlement with Attorney General first appeared on High Times.
The Weirdos State of the Union
by Jon Cappetta on May 17, 2024 at 10:00 am
To celebrate the second birthday of WEIRDOS, our VP of Content waxes on the year we’ve had, and where we’re going from here. The post The Weirdos State of the Union first appeared on High Times.
Nature's Miracle, Agrify Sign Definitive Merger Agreement
on May 17, 2024 at 8:56 am
The transaction is expected to close in the second half of 2024.
Report: Massachusetts saturated with cannabis cultivation, retail – but there’s still room to grow
by Adam Jackson on May 17, 2024 at 3:30 am
Recommendations include capping retail stores and pausing cultivation licensing. The post Report: Massachusetts saturated with cannabis cultivation, retail – but there’s still room to grow appeared first on Green Market Report.
What you need to know about cannabis financial services
by Community Choice Credit Union on May 17, 2024 at 3:20 am
Community Choice Credit Union: Helping cannabis business owners and industry workers manage their finances The post What you need to know about cannabis financial services appeared first on Green Market Report.
The Daily Hit: May 16, 2024
by Staff on May 16, 2024 at 11:00 pm
News from: DEA, Washington D.C., Agrify, Cresco Labs, and more. The post The Daily Hit: May 16, 2024 appeared first on Green Market Report.
President Biden Announces Federal Government Will Reschedule Cannabis in ‘Monumental’ Announcement
by Benjamin M. Adams on May 16, 2024 at 7:39 pm
It’s official: The U.S. Department of Justice will reschedule cannabis, moving it to Schedule III, President Joe Biden announced Thursday. The post President Biden Announces Federal Government Will Reschedule Cannabis in ‘Monumental’ Announcement first appeared on High Times.
Biden announces ‘monumental’ shift to formally reschedule marijuana
by John Schroyer on May 16, 2024 at 5:51 pm
Next in the process is a 60-day public comment period, but it's unclear how much longer the rescheduling process will take. The post Biden announces ‘monumental’ shift to formally reschedule marijuana appeared first on Green Market Report.
5 Things to Confirm When Signing a Cannabis Facility Construction Agreement
on May 16, 2024 at 5:00 pm
From agreement type to financing to scope of work, here are details to iron out when vetting construction companies.
Ziel Partners With Portocanna, Receives 1st EU GMP Certification for Microbial Control Technology in Cannabis
on May 16, 2024 at 4:16 pm
The radio frequency technology for the decontamination of cannabis flower provides cultivators and processors a microbial control step for their operations.
Washington D.C. cannabis gray market transition, crackdown continuing
by John Schroyer on May 16, 2024 at 3:56 pm
Hundreds of gray market cannabis businesses reportedly haven't applied for licensure. The post Washington D.C. cannabis gray market transition, crackdown continuing appeared first on Green Market Report.
cbdMD loss widens as sales slump in the second quarter
by Adam Jackson on May 16, 2024 at 3:37 pm
Cost cuts such as layoffs, vendor renegotiations and consolidation of offices could generate $2.4 million in savings by August. The post cbdMD loss widens as sales slump in the second quarter appeared first on Green Market Report.
White House Moves to Reschedule Cannabis in ‘Monumental’ Decision, Biden Says
on May 16, 2024 at 3:00 pm
The Department of Justice will issue a notice of proposed rulemaking to reclassify cannabis in the Federal Register, which will be followed by a 60-day public comment period prior to the department potentially finalizing the rule.

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How cannabis and psilocybin might help some of the 50 million Americans who are experiencing chronic pain
by Insight News on May 20, 2024
The U.S. Drug Enforcement Agency announced in late April 2024 that it plans to ease federal restrictions on cannabis, reclassifying it from a Schedule I drug to the less restricted
New Mexico cannabis industry braces for federal rescheduling
by KOB.com on May 20, 2024
In a historic announcement, President Joe Biden says it time for the feds to rethink how dangerous marijuana really is.
Appellate court rejects preemption challenge to NJ's cannabis law
by Kimberly Redmond on May 20, 2024
A three-judge panel affirmed a ruling against a group of Highland Park residents who believe the borough violated federal law by allowing the sale of adult-use marijuana because the substance remains federally illegal.
British driver who killed French teenager tested positive for cannabis
by Richard Henshell on May 20, 2024
The 36-year-old could face up to three years in prison
Monterey City Council to discuss approving four retail cannabis store permits
by KION546 on May 20, 2024
MONTEREY, Calif. (KION-TV)- The Monterey City Council could approve the first four storefront retail cannabis businesses within city limits. City Council will hear from four different applications as well as those on the waitlist. Councilmembers will also have a drawling on which designated zones that each business will operate in. The city designated those areas
Businesses up in smoke
by Lamonphet Apisitniran, Yuthana Praiwan and Molpasorn Shoowong on May 20, 2024
A deadline set by cannabis advocacy groups is rapidly approaching for the government to justify its plan to reclassify cannabis as a narcotic.
High-Potency Cannabis Linked to Dramatically Higher Risk of Psychotic Episodes
by ScienceAlert on May 20, 2024
The first study of its kind.
Meeting Minutes & More | Danville becomes 30th Illinois town with multiple cannabis dispensaries
by The News-Gazette on May 20, 2024
With Thursday's grand opening of Seven Point, Danville — the Land of Lincoln’s 69th-most populous city — became the 30th town in Illinois with multiple cannabis dispensaries.

Marijuana industry will add $112.4 billion to US economy in 2024

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