The Business of Cannabis

Arizona Hits Recreational Marijuana Sales Record, With New Program Catching Up To Medical

Jan 13, 2022 | National

Arizona cannabis sales continued on an upward trajectory in 2021, with the Arizona Department of Revenue reporting more than $1.23 billion in combined cannabis sales through the first 11 months of the year. In November, adult-use recreational cannabis sales hit a new...

Is Hemp Really a Green Miracle Plant?

Jan 12, 2022 | National

Production of hemp was banned in the United States in 1937 under the Marihuana Tax Act. A strain of Cannabis sativa, its low concentrations of tetrahydrocannabinol (THC) mean it won’t get you high. The internet is abuzz, though, with claims that it’s a green...

Growers Under Increasing Threat from Cannabis Taxes

Jan 12, 2022 | National

For most operators in California’s cannabis industry, the licensed and regulated market probably feels like a slow-burning dumpster fire with no end in sight. But for politicians and state regulators who designed the legalized industry under Proposition 64, the...

Study Finds Cannabis Compounds Prevent Infection By Covid-19 Virus

Jan 12, 2022 | National

Compounds in cannabis can prevent infection from the virus that causes Covid-19 by blocking its entry into cells, according to a study published this week by researchers affiliated with Oregon State University. A report on the research, “Cannabinoids Block Cellular...

MJBiz Acquired By Emerald X For $120 Million-Plus

Jan 5, 2022 | Feature, Great Lakes Region, Michigan, National

MJBiz has been acquired by Emerald X, a wholly owned subsidiary of Emerald Holding, a New York-based business-to-business event and media company, for $120 million in cash plus potential earnouts. The acquisition includes MJBizCon, the oldest and...

Report: World Cannabis Market Size To Reach $128.92 Billion By 2028

Dec 29, 2021 | National

The global cannabis market size is expected to reach $128.92 billion by 2028, exhibiting an annual compound growth rate of 26.19 percent during the forecast period. Various research activities on genetic development and modification of the cannabis plant,...