Pennsylvania governor expected to OK medical cannabis expansion
Pennsylvania state lawmakers this week approved a bill that would end what they call a “near-monopoly” in the state’s medical cannabis market currently controlled by major multistate operators. The bill now goes to Gov. Josh Shapiro, according to The (Harrisburg) Patriot-News, and the Democrat is expected to sign the legislation into law. ADVERTISEMENT That would help “small Pennsylvania businesses to compete against large multistate operators that have come into this state and attempted to take...[Read More]
New Mexico Senate Committee Unanimously Approves Psilocybin Therapy And Research Resolution
A New Mexico Senate committee has unanimously approved a bipartisan resolution requesting that state officials research the therapeutic potential of psilocybin and explore the creation of a regulatory framework to provide access to the psychedelic. The Senate Health and Public Affairs Committee voted 7-0 to pass the resolution from Senate Minority Whip Craig Brandt (R) and Sen. Jeff Steinborn (D) on Saturday. As “memorial” legislation, the bicameral proposal wouldn’t be binding. Rather, it would...[Read More]
Cannabis operator Tilray trims loss to $46 million in quarter on record sales
Canadian cannabis producer Tilray Brands trimmed its loss to $46.2 million (61.6 million Canadian dollars) in the second quarter of its 2024 fiscal year on the back of record net sales. Tilray reported second-quarter revenue of $193.8 million, a 34.4% improvement year-over-year – and in line with analysts’ expectations. ADVERTISEMENT Revenue grew across all of the Leamington, Ontario- and New York-based company’s key operating segments, according to a Tuesday news release. Cannabis sales in the ...[Read More]
Rhode Island Marijuana Industry Advocates Detail Four Main Changes They Want Enacted To Legalization Law Next Year
“Let’s puff, puff, pass the bills.” By Christopher Shea, Rhode Island Current With infused drinks, charcuterie and the blasting beats of Drake, a group of more than three dozen industry advocates, leaders and lawmakers gathered this month to celebrate the anniversary of the first legal marijuana sale. The December 1 celebration at an event space in Cranston’s Rolfe Square also served as a forum to discuss changes they want to see in year two: specifically around ensuring all Rhode Islanders have...[Read More]
Ohio’s medical cannabis program is asking lawmakers to regulate delta-8 THC
The agency overseeing Ohio’s medical cannabis program hopes to expand the state’s definition of THC to include delta-8 and other THC isomers, reports Hemp Grower. This would officially make delta-8 legal in the state for medical use – while greatly restricting its reach. Currently in a regulatory gray zone, delta-8 is sold in gas stations, liquor stores, and head shops. What’s Delta-8 THC? A delta-8 molecule is, chemically speaking, a sibling to the most well-known and naturally-abundant tetrahy...[Read More]
How to determine the fair market value of your cannabis business
Dotan Melech (Courtesy photo) Whether you’re seeking investment, planning to purchase a business or gauging your company’s worth, understanding how to determine fair market value (FMV) is a fundamental aspect of success. When it comes to FMV in the cannabis industry, there are unique challenges stemming mostly from subjective valuations that require scrutiny and careful consideration. Different types of subjective valuations occur when purchasing a business or when a bank or lender is lending mo...[Read More]
Maine Lawmakers Approve Bill To Create Psychedelics Commission To Explore Regulated Access After Amending Legalization Proposal
Maine lawmakers have advanced an amended bill to establish a commission tasked with studying and making recommendations on regulating access to psychedelic services. Members of the legislature’s Veterans and Legal Affairs Committee, who met in January to discuss the measure, passed it as revised in a 9-2 vote last week. The legislation was significantly watered down, as it initially would have legalized psilocybin, allowing adults to access the psychedelic at licensed facilities. But the committ...[Read More]
A Citrusy-Smelling Terpene In Marijuana Can Reduce Anxiety And Paranoia Caused By THC, Federally Funded Study Finds
A new study funded by the National Institute on Drug Abuse (NIDA) has found that a citrusy-smelling terpene in marijuana could help ease anxiety and paranoia associated with THC. The findings, researchers say, could help unlock the maximum therapeutic benefit of THC and protect public health. Published in the latest issue of the journal Drug and Alcohol Dependence, the new paper says that subjects who vaporized the terpene D-limonene along with a dose of THC experienced less anxiety and paranoia...[Read More]
4 ways to take CBD
Last updated on February 4, 2022 There are plenty of things to take into consideration when it comes to taking CBD, especially if you haven’t used it before. For CBD newcomers and beginners in particular, it can seem like a bit of a minefield which is why we’ve put together a short guide on the four main ways you can take your CBD. Sublingual Sublingual administration is one of the most effective ways of taking CBD. As you might derive from the word itself, you place the product under your tong...[Read More]
Bipartisan Lawmakers Urge Leaders To Keep VA Medical Marijuana Provisions In Veterans Bill
Bipartisan congressional lawmakers are urging House appropriators to ensure that a large-scale spending bill maintains language to allow U.S. Department of Veterans Affairs (VA) doctors to issue medical marijuana recommendations to veterans living in legal states. In a letter sent to to House Appropriations Committee leadership on Friday that was led by Congressional Cannabis Caucus co-chairs Reps. Earl Blumenauer (D-OR) and Brian Mast (R-FL), four members requested that leadership “maintain the...[Read More]
Florida Supreme Court Will Likely Issue ‘Out-Of-Calendar’ Marijuana Legalization Ballot Opinion On Monday
The Florida Supreme Court has announced that justices will be rendering “out-of-calendar opinions” on Monday, likely including a decision in a case that will decide whether a marijuana legalization initiative will appear on the state ballot this November. There were strong expectations that the court would release its opinion on Thursday given its routine policy of doing so on that day of the week, but that didn’t happen this week, causing some confusion in light of a constitutionally imposed de...[Read More]
Arkansas AG approves ballot measure expanding medical marijuana access
Arkansas’ attorney general has signed off on language for a November ballot initiative that aims to vastly expand the state’s medical marijuana program and opens the door for full legalization. The Tuesday approval clears the way for advocates of The Arkansas Medical Marijuana Amendment of 2024 to collect 90,704 signatures from registered voters by July 5 to qualify for the ballot, according to the Northwest Arkansas Democrat-Gazette. ADVERTISEMENT The proposal, which comes amid an increase in r...[Read More]
Maine Sets Another Marijuana Sales Record In 2023
Sales of adult-use marijuana in Maine have already set a new annual record in the first 11 month of 2023, with nearly $200 million worth of legal cannabis products sold during the year, according to the state’s Office of Cannabis Policy (OCP). Through November, says the office’s website, $197,561,133.53 worth of recreational products have been sold over 3,434,477 transactions—315,978 of which occurred last month. The average price per gram of flower for the calendar year through November stands ...[Read More]
In Massachusetts, hemp and cannabis businesses strike partnerships
Hemp and cannabis might seem like obvious partners in business. But in many places, especially those with recreational adult-use, economic and regulatory tensions have instead created rivalries. One state with recreational cannabis seems to have tweaked its laws in a way that encourages partnerships: Massachusetts. Friends or Rivals? The rivalry between hemp and cannabis seems to have grown in tandem with consumer interest in delta-8 and other hemp-derived THC. Several of the first states to ban...[Read More]
People With Past Convictions Shouldn’t Be Blocked From Marijuana Industry Work, Massachusetts Regulators Say (Op-Ed)
“We are proud to end unnecessary industry prohibitions on those who have the legacy skills and expertise to thrive in Massachusetts’s regulated industry—and deserve the economic benefits now that marijuana is legal.” By Nurys Camargo and Ava Callender Concepcion, Massachusetts Cannabis Control Commission via CommonWealth Beacon This fall, the Cannabis Control Commission’s regulations to implement Massachusetts’s equity reform law became official, representing the most wide-ranging changes to the...[Read More]
First cannabis consumption lounge licensed in Nevada after final OK
The first license for a cannabis consumption lounge in Nevada has been issued to a business in Las Vegas. The long-awaited approval from the Nevada Cannabis Compliance Board (CCB) went to Smoke and Mirrors, Las Vegas TV station KTNV reported. ADVERTISEMENT The operation is attached to Thrive Cannabis Marketplace, 2975 Sammy Davis Jr. Drive. According to KTNV, Smoke and Mirrors was awarded its consumption lounge license Thursday after passing a CCB inspection two days earlier. The establishment r...[Read More]
Rhode Island Marijuana Retailers Shatter Monthly Sales Record, Capping Off $100 Million In Cannabis Purchases In 2023
Rhode Island recreational marijuana purchases smashed the state’s monthly record in December, with more than $7.8 million in adult-use sales and patients buying another $2.4 million worth of medical cannabis products. Overall, 2023 saw more than $100 million in legal marijuana sales in the Ocean State, roughly two thirds of which were purchases by adult-use consumers. Of the $107.8 million worth of total cannabis sales from January through December last year, adult-use sales contributed $74.2 mi...[Read More]
ZAR Wellness: Pioneering a New Era of Holistic Health and Healing
Once relegated to the fringes, the wellness industry now stands practically at the forefront of modern healthcare. It has shifted the narrative toward a more holistic approach to well-being that recognizes the interconnectedness of physical, mental, and emotional health. Simultaneously, cannabis and CBD, long stigmatized for their psychoactive properties, have found redemption within this sector, hailed for their potential to alleviate a number of conditions, from anxiety and chronic pain to va...[Read More]
CBD and Menopause
Last updated on March 4, 2022 Menopause is a natural aging process. Navigating through this phase with lifestyle improvements and a positive approach could make a lot of difference. Has CBD got a role to play? Let us discuss further. The tall list of symptoms associated with menopause makes us worried, anxious, and pessimistic. So I am eager to share some insights on taking a positive approach to this stereotypical thinking around menopause. Are hot flashes, weight gain, lowered sex drive, slee...[Read More]
Cannabis and Religion
Cannabis and religion occupies an essential place in many people’s lives. And for many different faiths, cannabis is considered a sacred plant. Various religions have adopted cannabis and used it in spiritual practices. In this article, we will look at the different views and attitudes towards cannabis in several religions around the world and find out whether cannabis is against your religion or not. Place of cannabis in religion For centuries, cannabis has held deep spiritual meaning for peopl...[Read More]
Patriots Hemp only works with cannabis farms that meet our high standards for non-GMO, sustainable hemp. We can get these cannabidiol-rich buds (CBD) while still protecting all of our customers. By screening all of our CBD products, we can confirm they are less than 0.3 percent THC so there are no issues with infringing any laws nationwide.. While still delivering high-quality high-density THC-rich products in juridictions that allow it.
