Cannabis Technology News

Study Shows Legalizing Marijuana Linked to Decrease in Traffic Fatalities. A recent study reveals that states which legalized marijuana had decreases in traffic fatalities in the years following the change in policy. In contrast, states where marijuana remained illegal saw either stable or slightly

Maximize Market Research forecasts significant growth in the hemp-based food sector thanks to consumer focus on gluten-free, plant-based diets. Thanks to the rise in gluten-free and plant-based food products popularity, as well as hemp-based protein powders, hemp as a food source is growing rapidly

C3 is projected to turn $250 million in revenue this year with a strong profit margin. Ann Arbor, Michigan-based cannabis operator C3 Industries closed Wednesday on a $16 million investment to construct a new 58,500-square-foot cultivation facility in Connecticut. NewLake Capital Partners Inc., a

Two of the largest cannabis companies, Curaleaf and Trulieve, will likely weigh in further on marijuana reclassification when they report earnings Thursday. The Drug Enforcement Administration (DEA) is gearing up to reclassify marijuana in the US as a less dangerous drug, according to new reports

Canopy Growth Expands into US Cannabis Market with Acquisitions, Sets Vision for Integration. "Canopy USA can now move quickly to acquire its U.S. assets in Wana, Jetty and Acreage, and we expect Canopy Growth to begin highlighting Canopy USA's financial performance to our shareholders later this

It’s been almost a decade since Washington state legalized the sale marijuana. It has now grown into a $2 billion industry creating many jobs and opportunities for thousands of people. Statewide, there are 487 cannabis retail stores, including 112 in King County, 31 in Pierce and 57 in Snohomish

Alabama Senate Committee Frustrated Over Legal Woes of Medical Cannabis Commission. The head of the Senate’s General Fund budget committee last week vented frustration at the Alabama Medical Cannabis Commission’s legal woes. Speaking at Thursday’s Contract Review Committee meeting, Sen. Greg

Confusion Surrounds DEA Administrator's Role in Cannabis Rescheduling Decision. Reports from last week suggesting that the US Drug Enforcement Administration (DEA) would support recommendations for cannabis rescheduling were not approved by the organization’s administrator, one source has suggested

Embracing Change: Blum Holdings Foresees Positive Impacts of DEA's Marijuana Rescheduling Decision. Blum Holdings, Inc., a cannabis company which through its subsidiaries has operations throughout California, remains optimistic about the Drug Enforcement Administration’s (“DEA”) decision to

Santa Monica Pioneers Social Equity Measures in Recreational Cannabis Licensing. While the City of Santa Monica is well behind the times when it comes to allowing and regulating cannabis sales in town, officials are attempting to turn that bug into a feature by embedding social equity rules into as

Meghan Markle Denies Rumors of Filming Cooking Show on Cannabis Farm. Meghan Markle is set to launch a new cooking show on Netflix, but rumours have been circulating that the series is being filmed on a cannabis farm - something the Duchess of Sussex has now denied. Meghan Markle has quashed rumours

The US Drug Enforcement Administration is moving toward reclassifying marijuana as a less dangerous drug. The Justice Department proposal would recognize the medical uses of cannabis, but wouldn’t legalize it for recreational use. The proposal would move marijuana from the “Schedule I” group to the