Cannabis Stocks Archives - Page 9 of 17

MondaySep 16, 2024 10:00 am

Ohio Cannabis Retailers Bag Estimated $50M in First Month of Adult-Use Sales

Recently released data shows that recreational cannabis sales in the state of Ohio have exceeded $50 million since sales were launched in August. This comes after voters in the state passed Issue 2, a ballot initiative that legalized the recreational use of marijuana in November 2023. According to the initiative, licensed sales were to begin on Aug. 6, 2024. Individuals aged 21 years of age and older can possess 15 grams of edibles or extracts and no more than 2.5 ounces of marijuana. The Division of Cannabis Control revealed that dispensaries had sold almost $54.6 million in recreational marijuana products…

FridaySep 13, 2024 10:00 am

US Marijuana Brands Looking to Tap International Opportunities

The rise in demand for American marijuana products in Europe has driven some brands to spread their wings globally. Some of the companies targeting global growth represent a growing section of the industry, with some cannabis operators finding that expanding internationally is easier than navigating regulations in the United States. Lehua Brands, a manufacturer of infused drinks based in California, is one of these brands. The company’s CEO, Sierra Elaina, stated that issues such as market oversaturation, overtaxation and issues with distribution were affecting those involved in the industry. The company isn’t dealing with these issues in the Canadian market,…

WednesdaySep 11, 2024 10:00 am

Kentucky Receives Almost 5,000 Medical Cannabis Business Applications

New data released by the state of Kentucky shows that almost 5,000 applications were submitted by businesses in the state to acquire licenses to sell medical cannabis. This comes after the state legalized medical marijuana for Kentuckians with different debilitating illnesses in March 2023, when SB 47 was signed into law by Governor Andy Beshear. The application period for those who wished to participate in the state’s medical marijuana program ran from July 1 to Aug. 31, 2024, with 88% of the applications coming in during the last four days. Applicants were only allowed to file applications for one type…

MondaySep 09, 2024 10:00 am

Harris Campaign Pokes at Trump’s ‘Flip-Flopping’ on Marijuana Policy

Recently, VP Kamala Harris’ campaign penned a memo criticizing former president Donald Trump for boldly flip-flopping on various issues, including cannabis reform. In the memo, the campaign accused Trump of making things up just months before the election. This comes after Trump indicated in a social media post that he supported a ballot initiative that would legalize the recreational use of cannabis in the state of Florida, where he resides. In his statement, the former president requested that the state legislature ban the use of cannabis in public spaces, then he added that individuals need not be termed as criminals…

FridaySep 06, 2024 10:00 am

Data Shows More Consumers Opting for Sustainably Manufactured Cannabis Products

Brightfield Group, a marijuana data company based in Chicago, has determined that demand for sustainable cannabis products is increasing. The company observed a rise in ecofriendly shopping preferences among consumers of cannabis, with more than 57% of respondents favoring these products last year. This is in comparison to the 55.9% recorded in 2022. The study determined that the consumers were attracted to all ecofriendly packaging options, including biodegradable materials, plant-based materials, compostable choices and plastic-free initiatives. In addition, 49% of the consumers preferred recyclable packaging while 46% were more partial to reusable packaging. Another 32% favored plastic-free packaging. Brightfield’s findings…

WednesdaySep 04, 2024 10:00 am

Study Suggests Marijuana Ingredient Prevents Brain Aging

New research has found that administering THC may be effective in preventing brain aging in the long-term. THC is one of the two primary components found in marijuana; the other is CBD. Researchers determined that administering low doses of delta-9 THC over a long period of time had an anti-aging effect on the brain as it restored synapse densities and cognitive abilities. For their study, the researchers used young and old male mice, aged between 4 to 18 months old. The mice received either a placebo or THC for about a month, with researchers measuring their brain function and protein…

FridayAug 30, 2024 10:00 am

Marijuana Growers Have Options Despite Inability to Use ‘Organic’ Product Label

The U.S. Department of Agriculture is in charge of certifying products as organic. This certification, created more than two decades ago, is what allows businesses to use the word “organic” on their products. The certification of marijuana products as organic is currently up for debate. Some stakeholders agree that the U.S. Department of Agriculture can’t certify any product that is illegal under federal law. Despite the fact that 38 states have legalized the medical use of marijuana while 24 have legalized the drug’s recreational use, the drug is still classified under schedule I of the Controlled Substances Act. Drugs under…

WednesdayAug 28, 2024 10:00 am

Study Says Cannabis Best Option for Women to Manage Endometriosis Symptoms

Endometriosis is a chronic illness that causes tissue similar to the uterine lining to grow on other organs in the body. This condition can cause severe pain in patients, particularly during periods, sexual intercourse and bowel movements. The inflammatory illness affects about 190 million girls and women of reproductive age around the globe. It has no known cure, with treatment focusing on managing its symptoms. Now, new research has found that cannabis may help women manage symptoms of endometriosis. For the new study, researchers conducted an analysis of survey responses from 912 adult patients suffering from endometriosis in Switzerland, Austria…

TuesdayAug 27, 2024 10:00 am

Stores in Southwest Virginia Openly Sell Marijuana

In Virginia, medical and recreational marijuana is legal, although retail sales and recreational marijuana dispensaries haven’t yet been launched following delays with the approval of a re-enactment clause. However, residents in the southwest region of the state can still access the drug easily, with many stores openly selling the substance. This is despite some of these businesses being raided by law enforcement last year. The sale of marijuana in this part of the country is surprising, especially since the stores are in the most conservative parts of Virginia. There’s at least one marijuana store in Tazewell County and another in…

WednesdayAug 21, 2024 10:00 am

Measure Legalizing Medical Cannabis Takes Effect in Ukraine

As of last week, medical cannabis was legal in Ukraine. This comes about half a year after President Volodymyr Zelensky signed the medical marijuana bill into law, making access to these drugs easier so soldiers could address the mental and physical wounds incurred during the country’s ongoing war with Russia, which invaded Ukraine more than two years ago. In an update on the new policy, the Ministry of Health stated that marijuana, along with its extracts, resin and tinctures, were excluded from the list of possibly dangerous substances. Prior to this, the drug’s circulation was banned, but now it’s permitted…