Study: Artisanal CBD-Rich Extracts Show Long-Term Efficacy in Children with Epilepsy
Children with refractory epilepsy respond favorably to long-term treatment with plant-derived CBD extracts, according to data published in Pediatric Neurology. Israeli researchers assessed the safety and efficacy of artisanal CBD-rich extracts in a...
Of the 2 Midwest States Where Recreational Marijuana is Legal, Michigan Outpaces Illinois
Michigan had more than 1,500 adult-use businesses as of July, while Illinois had only 21 operating growers and 110 retail stores. The much greater competition in Michigan led wholesale cannabis flower prices to collapse nearly 75 percent since January 2020, with a...
Schumer Reaffirms Commitment To Marijuana Banking Reform In White House Discussion, Bill Sponsor Says
The House sponsor of a marijuana banking bill says he recently spoke with Senate Majority Leader Chuck Schumer (D-NY) at an event at the White House and discussed the need to enact the bipartisan reform this session. Rep. Ed Perlmutter (D-CO) said that he impressed...
Demand Soars In Michigan As Flower Prices Dip to $116 Per Ounce
In August, a record of $189.4 million in adult-use sales statewide, but customer wallets benefitted from an all-time low price of $116.84 per ounce on average for dried flower, according to data released Sept. 14 from the state’s Cannabis Regulatory Agency. Through...
Hero Technologies Buys Michigan Land To Grow, Process and Sell Cannabis
Hero Technologies announced Sept. 20 it has entered into negotiations to acquire property in north-central Michigan to grow, process, and sell cannabis through both wholesale and retail channels. The company's subsidiary in Michigan, BlackBox Systems and Technologies...
Four20 Post Live Looks At Cultivator Licenses, Interim CRA Director
On Four20 Post Live Sept. 21 we celebrated the last day of summer by exploring whether cannabis cultivator licenses, now unlimited, should be capped. Joining us on the show was Jim Conner, CEO of MJVerdant, a cannabis cultivation company. In the second half hour the...
CRA Education Session Series with MDARD Continues with Federal Worker Protection Standard for Indoor Growers
The Cannabis Regulatory Agency announced on Thursday Sept. 22 at 10 am it will be feature its third educational session featuring Tara Eavy from the Michigan Department of Agriculture & Rural Development Eavy, pesticide inspector, will discuss the requirements of...
Pennsylvania Company Will Invest $10.9 Million In North Carolina Fiber Factory
A Pennsylvania company said it plans to invest $10.9 million in a new hemp fiber processing facility in North Carolina. BIOPHIL Natural Fibers, Phoenixville, Pennsylvania, said the facility, to be located in Lumberton, North Carolina, will turn out hurd and fiber for...
Pure Options Closes Store, Lays Off Some Employees Ahead Of Plans To Open Two New Storefronts
Pure Options, a locally based marijuana company, has closed one of its Lansing stores and laid off six employees who worked there as part of a "growth plan initiative" that will include opening two new stores in the city this fall, company Human Resource Director...
Global Cannabis Sales Will Grow 10 Percent In 2022; Forecasts $57 Billion Market by 2026
BDSA predicts annual global cannabis sales to grow from $30 billion in 2021 to $57 billion in 2026, a compound annual growth rate of almost 13 percent. In the United States, cannabis sales will grow from $25 billion in 2021 to $42 billion in 2026, which will make up...
