News and Information about the Business of Cannabis

Hemp-Derived CBD Oil Market Size Projected To Reach $6.53 Billion by 2030, growing at 22.4 Percent Compound Growth Rate

Aug 23, 2022 | National

CBD (cannabinoid) is extracted from cannabis hemp plant leaves, flowers, and stems using two extraction methods, i.e., by removing the CBD and turning it into an isolate and using full-spectrum CBD. Today, hemp-derived CBD oil is used in a range of applications,...

Saline Car Wash To Become Marijuana Dispensary

Aug 21, 2022 | Great Lakes Region, Michigan

The building where Zax Auto Wash now operates in Saline is now one step closer to becoming a medical marijuana dispensary. The car wash site, located at 660 E. Michigan Ave., is officially the city’s second location that has been granted special land use approval for...

Michigan Sets Monthly Cannabis Sales Record In July

Aug 17, 2022 | Feature, Great Lakes Region, Michigan

Michigan set a new monthly record for marijuana sales in July, reaching nearly $210 million, according to data published by the state Cannabis Regulatory Agency (CRA) on Thursday. The state saw $21,121,711 in medical cannabis sales and $188,818,744 adult-use marijuana...

Study: Medical Cannabis May Present a “Useful Treatment Strategy” for Fibromyalgia Patients

Aug 7, 2022 | National

Cannabis products are associated with symptom relief among fibromyalgia (FM) patients, according to data published in the journal Arthritis Care & Research. Canadian researchers assessed the efficacy of medical cannabis products (flower or extracts)...

Zimbabwe Opens Domestic Market for CBD As Traditional Herbal Medicine

Aug 3, 2022 | International

Zimbabwe has opened up the domestic market for CBD as a traditional herbal medicine, expanding upon previous laws which had allowed production only for export. The Medicines Control Authority of Zimbabwe (MCAZ) announced the change in a recent circular from...