BUSINESS
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Banks Stand To Generate Over $2 Billion In Revenue From Marijuana Industry Interest Payments By 2035, New Report Finds
by Marijuana Moment on October 15, 2024
As the marijuana industry continues to expand, a new economic analysis finds that the capital that cannabis businesses are expected to need will translate into upwards of $2.4 billion in revenue for banks from loan interest payments over the next 10 years. The report from CTrust, Whitney Economics and Green Check Verified projects that the
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Supreme Court deciding if trucker can use racketeering law to sue CBD company after failed drug test
by Maureen Groppe on October 15, 2024
A truck driver is trying to use an anti-racketeering law to recover lost wages after unknowingly ingested a product he said contained THC.
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OPINION ǀ Regarding the cannabis commission and cannabis tourism
by Marianas Variety News & Views on October 15, 2024
TROUBLED by the relentless degradation and public denouncement of the CNMI Cannabis Commission, and boastful claims of being the alpha-intellectual business master of cannabis and economics, I step forward to
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Is Germany Set To Become Next Cannabis Giant? 'We Tripled Within One Year,' Says Industry Insider
by Abbey Higginbotham on October 15, 2024
Germany's new cannabis law is causing growth in the market, with potential for more patients and adult-use cannabis.
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Cannabis Industry's $130B Growth Potential: Top States For Investment As Financial Institutions Set To Earn Billions In Interest Revenue, New Report Reveals
by Jelena Martinovic on October 15, 2024
A new report released on Tuesday projects that the U.S. cannabis industry will need between $65.6 billion and $130.7 billion in sustainable growth capital to support new cannabis businesses and help refinance existing ones over the next decade.The report from Whitney Economics and backed by CTrust and Green Check said the market will generate roughly $1 billion to $2.4 billion in potential interest revenue for financial institutions willing to lend to cannabis businesses, over the same period.The U.S. cannabis retail sales are expected to grow from $28.8 billion in 2023 to $87 billion by 2035, according to the published analysis. To fuel the growth, the U.S. cannabis industry could add 25,000 to 30,000 licenses to approximately 40,000 current licensees.
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Banks Stand To Generate Over $2 Billion In Revenue From Marijuana Industry Interest Payments By 2035, New Report Finds
by Marijuana Moment on October 15, 2024
As the marijuana industry continues to expand, a new economic analysis finds that the capital that cannabis businesses are expected to need will translate into upwards of $2.4 billion in revenue for banks from loan interest payments over the next 10 years. The report from CTrust, Whitney Economics and Green Check Verified projects that the
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VP Harris pledges Black jobs in federal marijuana legalization
by Chris Roberts on October 15, 2024
Vice President Kamala Harris is pledging to legalize adult-use marijuana nationwide and “opportunities” for Black Americans if she's elected.
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Supreme Court deciding if trucker can use racketeering law to sue CBD company after failed drug test
by Maureen Groppe on October 15, 2024
A truck driver is trying to use an anti-racketeering law to recover lost wages after unknowingly ingested a product he said contained THC.
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While Minnesota’s cannabis industry wades through regulations, Wisconsin’s accelerates without many
by StarTribune on October 15, 2024
A greater diversity of THC products is available for sale in Minnesota’s neighbor to the east, including some highly potent items.
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Is Federal Reclassification The Boost California's Cannabis Market Needs? Here's Where To Learn More
by Abbey Higginbotham on October 15, 2024
Join industry leaders on Nov 12 in Anaheim for the Benzinga Cannabis Market Spotlight. Explore federal reclassification's potential impact on California's market and network with top names in the industry. A must-attend event for anyone in the cannabis business.
CBD
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US Supreme Court Hears Case of Trucker Fired for Failed Drug Test From Cannabis-Based CBD
by Reuters on October 15, 2024
By John Kruzel WASHINGTON (Reuters) - The U.S. Supreme Court tackled a case on Tuesday involving a New York state man who was fired from his job as a commercial truck driver for failing a drug test after taking cannabidiol, or CBD, that he said was falsely sold as lacking the psychoactive ingredient ...
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Supreme Court Hears Oral Argument In Case From Worker Fired Over THC Test Following Use Of CBD Product
by Marijuana Moment on October 15, 2024
The U.S. Supreme Court on Tuesday heard oral arguments in the case of a trucker who sued a cannabis company after he was fired over a positive THC test that he says was caused by consuming a hemp-derived CBD product. Justices during questioning zeroed in on how exactly the worker was harmed by the incident
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Supreme Court deciding if trucker can use racketeering law to sue CBD company after failed drug test
by Maureen Groppe on October 15, 2024
A truck driver is trying to use an anti-racketeering law to recover lost wages after unknowingly ingested a product he said contained THC.
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Banning Hemp Products Isn’t The Way To Protect Public Health Or Foster Fairness For Marijuana Businesses (Op-Ed)
by Marijuana Moment on October 15, 2024
“State lawmakers should aim for sensible regulations focused on consumer protection and transparency in both industries.” By Michelle Minton, Reason Foundation From afar, the marijuana industry looks like it should be thriving. According to Gallup, marijuana consumption has more than doubled since 2013. Recreational marijuana is now legal in 24 states, medical marijuana is legal
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Justices Weigh Case of Truck Driver Fired After Using CBD Oil
by Lydia Wheeler on October 15, 2024
The Supreme Court seemed divided over whether a truck driver can sue the maker of a CBD hemp oil he alleges cost him his job under a federal law that was designed to fight organized crime.
CRIME
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NORML Op-Ed: Cast the Fear-Mongering Aside -- The Sky Won’t Fall if Florida Legalizes Marijuana NORML Op-Ed: Cast the Fear-Mongering Aside -- The Sky Won’t Fall if Florida Legalizes Marijuana
by NORML on October 15, 2024
Criminalizing cannabis is a failed Florida policy. Let’s end it.
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Hong Kong police arrest couple after seizing HK$60 million worth of cannabis
by South China Morning Post on October 15, 2024
Force says it arrested man following discovery of cannabis in his car, with wife taken into custody are more drugs found in follow-up raid.
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Will California's Proposition 36 counter theft and drug crimes?
by Eric Revell on October 15, 2024
Voters in the state of California will have the opportunity to roll back a decade-old criminal justice reform measure and toughen punishments for theft and drug crimes in the state.
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Trapper sentenced to two years in prison for ordering cannabis online
by Newsroom on October 15, 2024
A well-known trap artist from Thessaloniki has been sentenced to two years in prison, suspended for three years, after ordering 500 grams of cannabis during the Covid-19 lockdown.
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Watch as cannabis grower gets caught hiding in attic during police raid
by Lucinda Herbert on October 15, 2024
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Supreme Court to hear case of truck driver who failed drug test after taking CBD product
by Stetson Miller on October 14, 2024
On Tuesday, the Supreme Court will arguments in the case of a former truck driver who sued a CBD company after taking a CBD product and failing a drug test.
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Japan Releases More Details on Upcoming CBD Regulations, But Key Issues Remain Unaddressed
by Business of Cannabis on October 14, 2024
The Japanese government has released updated guidelines for THC limits in CBD products, but experts warn potential efforts to ease some of the world’s strictest regulations remain ‘insufficient’.
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Supreme Court To Hear Case Of Truck Driver Fired Over Positive THC Test Following CBD Product Use
by Marijuana Moment on October 14, 2024
The U.S. Supreme Court is set to hear oral arguments on Tuesday in the case of a trucker who sued a cannabis company after he was fired over a positive THC test that he says was caused by consuming a hemp-derived CBD product. Douglas Horn filed a lawsuit against the business, Medical Marijuana Inc., in
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Kamala Harris Rolls Out Marijuana Legalization Plan, Pledging To Make It ‘The Law Of The Land’
by Marijuana Moment on October 14, 2024
Vice President Kamala Harris is pledging to “ensure that the safe cultivation, distribution and possession of recreational marijuana is the law of the land.” The Democratic presidential nominee’s cannabis plan, set to be unveiled on Monday, is part of what her campaign calls an”opportunity agenda” aimed at winning the votes of Black men. That involves
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With Missouri regulations in flux, what’s the difference between hemp and marijuana?
by Missouri Independent on October 13, 2024
If you were to smoke a joint of dried hemp, you shouldn’t get high. But intoxicating hemp edibles are a different story.
CULTURE
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Less cannabis grown in Netherlands as more countries allow cultivation
by NL Times on October 15, 2024
Cannabis cultivation in the Netherlands is declining as more and more countries allow the cultivation of the soft drug, the police said in a report on the drug market in the past four years. “Dutch cannabis cultivation seems to have lost importance,” the police write. Despite this, the Netherlands remains a major player in the global drug trade, the police said.
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IN THE NEWS: Paris 2024 Olympics, Biden quits presidential race and changes to cannabis culture
by The Brock News, a news source for Brock University on October 15, 2024
In recent media appearances, Brock experts weighed in on the Paris 2024 Olympics, President Joe Biden's resignation from the upcoming American election, changes in the cannabis industry since legalization, a Brock-authored historical fiction novel, the Bank of Canada's interest rate cut ...
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CASEY: Virginia 420 Fest in Glenvar to celebrate Virginia's burgeoning cannabis culture
by Roanoke Times on October 11, 2024
Notice how warm it’s getting? That means the marijuana outdoor growing season is nigh. So is the summer music festival season. Virginia’s getting a bit of both with simultaneous multi-day festivals near Salem and Charlottesville beginning April 18.
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Why it's not a happy 420 for many California cannabis dispensaries
by The Cannabist Network on October 11, 2024
As the day to celebrate marijuana nears, legal operators have concerns.
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A State-by-State Guide to Cannabis in Australia (Updated 2024)
by Meagen Seatter on October 10, 2024
Australia federally legalised medicinal cannabis in 2016, and Australia's cannabis market has seen major growth since then.Medical cannabis approvals were up by 120 percent in the first half of 2023 compared to the same period in 2022. Statista forecasts that Australian cannabis revenue will reach A...
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10 pop culture moments that destigmatized weed
by Stacker on October 13, 2024
Stacker takes a look at 10 pop culture moments that destigmatized weed, using a variety of sources such as IMDb,
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High Times In Seattle: How Perceptions Toward Marijuana Have Shifted
by The Spectator on October 13, 2024
In 2012, marijuana was legalized for recreational use in the state of Washington. Washington state became the second state next to Colorado to legalize the recreational use of cannabis, shifting the legal precedent surrounding medicinal and recreational drugs. In 2024, recreational marijuana use is legal in 24 states, whereas medicinal use is legal in 13...
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How 4/20 grew from humble roots to marijuana's high holiday
by The Cannabist Network on October 11, 2024
Falling on a Saturday this year, 4/20 is often marked by large crowds gathering in parks, at festivals and on college campuses to smoke together.
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Why it's not a happy 420 for many California cannabis dispensaries
by The Cannabist Network on October 11, 2024
As the day to celebrate marijuana nears, legal operators have concerns.
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Marijuana Edibles Make A Dramatic Improvement
by The Fresh Toast on October 11, 2024
The Fresh Toast - Since the first brownie, they have been popular but tricky to dose, now marijuana edibles make a dramatic improvement.
EDIBLES
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Northridge middle schoolers sickened by cannabis edibles
by audacy on October 15, 2024
Los Angeles police are investigating how five 13-year-old girls fell ill from cannabis intoxication at a Northridge middle school. Emergency responders received a call that two girls were ill at Nobel Charter Middle School.
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Five Middle-School Students Sick After Possibly Eating Marijuana Edibles | KOST 103.5
by LA Local News on October 15, 2024
Five middle-school girls suddenly fell ill Monday after possibly ingesting cannabis-laced edibles, authorities said.
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5 middle school students in Northridge taken to hospital after possibly eating marijuana edibles
by ABC7 Los Angeles on October 15, 2024
Five middle-school girls suddenly fell ill after possibly ingesting cannabis-laced edibles, authorities said.
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Opinion: Trips Ahoy isn't Chips Ahoy, but cannabis-infused snack packaging looks close
by The Commercial Appeal on October 15, 2024
The Better Bureau of the Mid-South offers this regular column as a public service to help consumers make informed decisions and avoid scams.
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Cannabis edibles: Researchers Receive NIH Grant to Curb Misuse
by Rolando García on October 15, 2024
Washington State University researchers secure $670K NIH grant to curb cannabis edibles misuse among young adults.
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5 middle school students in Northridge taken to hospital after possibly eating marijuana edibles
by ABC7 Los Angeles on October 15, 2024
Five middle-school girls suddenly fell ill after possibly ingesting cannabis-laced edibles, authorities said.
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5 LAUSD middle-school students sick after possibly eating marijuana edibles
by City News Service on October 15, 2024
Firefighters responded to Nobel Charter Middle School around 2:20 p.m.
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5 middle school students fall ill after possibly ingesting marijuana-laced edibles
by CBS Los Angeles on October 14, 2024
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Best THC Gummies: 5 THC Edibles That Come in Tasty Flavors
by Houstonia Magazine on October 14, 2024
The best THC gummies offer you great taste while being a discreet way to get the exact dosage you want.
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Marijuana Edibles Make A Dramatic Improvement
by The Fresh Toast on October 11, 2024
The Fresh Toast - Since the first brownie, they have been popular but tricky to dose, now marijuana edibles make a dramatic improvement.
JOBS
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Cannabis companies ramp up recruitment efforts as recreational industry prepares launch
by Hartford Business Journal on October 14, 2024
Connecticut’s cannabis industry could account for more than 10,000 jobs just a few years after the recreational market launches, according to a recent study, and companies are already ramping up hiring efforts ahead of the first adult-use sales in the state.
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Report: Michigan’s cannabis job market ranks second in nation
by The Livingston Post.com on October 13, 2024
Michigan ripped to the top of the job growth market in the cannabis space and came in second behind California for the number of cannabis jobs per state as of March, according to a new industry report. The Vangst Cannabis Staffing Platform 2024 Cannabis Jobs Report has Michigan adding 11,431 jobs
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Legal Cannabis Employment Drops in US, Increases in NJ
by New Jersey Business Magazine on October 9, 2024
Vangst found that there are now 417,493 full-time equivalent jobs supported by the legal cannabis industry in the U.S. This represents a
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Cannabis Jobs Update
by StratCann on October 4, 2024
StratCann’s monthly round-up of cannabis job postings for October 2024.
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Teamsters Added 50,000 New Members In 3Y Cannabis Related - Cresco Labs (OTC:CRLBF), Ascend Wellness Holdings (OTC:AAWH)
by Rolando García on October 3, 2024
Teamsters add 50,000 members, with significant growth coming from cannabis industry organizing efforts. The union now represents workers across the cannabis supply chain.
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Legal Cannabis Employment Drops in US, Increases in NJ
by New Jersey Business Magazine on October 9, 2024
Vangst found that there are now 417,493 full-time equivalent jobs supported by the legal cannabis industry in the U.S. This represents a
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Governor OKs bill to remove marijuana from pre-employment drug test for government jobs
by Marianas Variety News & Views on October 2, 2024
GOVERNOR Arnold I. Palacios on Wednesday approved House Bill 23-50, which removes marijuana from pre-employment drug testing for government job applicants.
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Medical marijuana job protections pass Pittsburgh City Council
by Julia Maruca on September 24, 2024
Pittsburgh City Council gave final approval Tuesday to a bill that gives medical marijuana patients protection against being fired if they test positive for the drug.
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Senate Panel Backs Bills on Telework, Federal Career Impact of Marijuana Use
by FEDweek on September 24, 2024
The Senate Homeland Security and Governmental Affairs Committee has passed on a bipartisan basis S-4043, to require OPM to set new standards under which
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Study: Cannabis Job Market in Michigan Growing
by 420intel.com on September 23, 2024
420 Intel is the leading source for cannabis news from around the world. Get the latest updates on cannabis legalization, politics and technology, as well as developments in medical and recreational marijuana news. Our commitment is to bring you the most important cannabis news stories every day of the week.
POLITICS
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Measure 119 would help cannabis workers organize. It could also raise costs for suppliers
by Justin Higginbottom on October 15, 2024
The November ballot’s Measure 119 would make it easier for cannabis workers to unionize in Oregon.
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Indiana governor’s race takes center stage as candidates duel on abortion, marijuana
by NBC Chicago Staff on October 15, 2024
Voters in Indiana will choose a new governor this November, with Sen. Mike Braun and former School Superintendent Jennifer McCormick dueling in the race.
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Missouri could revoke KC marijuana micro-licenses connected to secretive companies
by Kacen Bayless on October 14, 2024
The weed licenses near Kansas City are among 32 at risk of being stripped over questions about their eligibility for a program aimed at helping marginalized groups.
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New Kamala OG And Orange President Cannabis Strains Celebrate 2024 Presidential Election
by Javier Hasse on October 14, 2024
Fast Buds launches Kamala OG and Orange President cannabis strains to mark the 2024 U.S. election. Available for preorder, Nov 7 release.
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Poll: Abortion, recreational pot measures have majority support, but just 1 has enough backing to pass
by Florida Politics - Campaigns & Elections. Lobbying & Government. on October 14, 2024
There are now also far fewer undecided voters to win over, pollsters found.
SCIENCE
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Judge Denies Temporary Restraining Order on CA Hemp Regulations on Intoxicating Hemp Products
by Erin McEvoy on October 15, 2024
The ruling states that federal law does not block the ban on certain cannabinoid products in the state.
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Oct. 12: School of Pharmacy to Host Society of Cannabis Clinicians’ Second Annual Medical Cannabis Conference
by elm.umaryland.edu on October 12, 2024
The Elm is a publication of the University of Maryland, Baltimore (UMB).
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Cannabis Products Recalled in Maine Over Mold and Bacteria Concerns
by Madeline Colli on October 11, 2024
Several cannabis products in Maine were recalled due to concerns of mold and bacteria exposure.
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Illinois 2024 Annual Cannabis Report Shows “Explosive Growth” of Cannabis Industry in State
by Sebastian Krawiec on October 11, 2024
The report says that Illinois added 82 licensed dispensaries, the largest expansion of dispensaries since the program’s start in 2014.
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Study Finds That CBD Use in Cystic Fibrosis Patients is Common, but Clinicians are Unprepared
by Sebastian Krawiec on October 10, 2024
The researchers point out that it is important for clinicians to ask about CBD use to better advise patients and prevent potential drug interactions.
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Cannabis Use Rising in Diabetes: What Do Endos Need to Know?
by Marilynn Larkin on October 3, 2024
With little in the way of evidence or professional guidance, endocrinologists have been left on their own when it comes to advising patients.
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Miracle drug or the devil’s lettuce?
by Washington Post on October 1, 2024
A quiz about what science knows — and doesn’t know — about cannabis
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Opinion | The real question Harris and Trump should answer about marijuana
by Leana S. Wen on September 24, 2024
The debate is no longer about legalization. It’s about what comes next.
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Was Cannabis The Secret To Jesus' Healing Miracles? Study Uncovers Ancient Remedies
by Juan Spínelli on September 20, 2024
A study reveals the potential use of cannabis in biblical times, suggesting Jesus used it for healing and anointing practices.
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The Austin Chronic: How Much Should You Trust the Label on Weed Products?
by AustinChronicle on September 20, 2024
Experts at the Texas Cannabis Policy Conference discuss the reality of lab reports