Michigan has overtaken California as the largest cannabis market in the U.S., at least in terms of sales volume, according to data collected by multiple market intelligence firms. Both firms show Michigan surpassing California over the winter in cannabis product units sold. Sales volume is the total number of units sold by a business over
Choosing the right banking partner for your cannabis business is a critical decision that can significantly impact your operations and growth. The cannabis industry faces unique challenges, particularly in banking, due to the complex regulatory environment and the industry's high-risk nature. This article will guide you through the essential considerations for selecting a cannabis banking
It’s been over one year since Oregon’s first psilocybin therapy license was approved, and updated news reports are sharing that there aren’t enough customers to go around. Vital Reset, owned by Heidi Venture, told the Oregon Capital Chronicle that it’s just a matter of time for people to become aware of the opportunity. “We think
State lawmakers in Massachusetts say a bill to regulate intoxicating hemp products is unlikely to pass this year despite their insistence that regulations are needed. Massachusetts has legalized and regulated medical marijuana and adult-use cannabis, and both are tightly regulated under state law. Hemp products, however, are generally legal under federal law but unregulated at
According to Arizona social equity applicants and community members, the state’s cannabis program isn’t operating as intended. The passage of Proposition 207 in 2020 legalized adult-use cannabis, and part of the law required that social equity applicants meet specific criteria. This included having annual income 400% less than federal poverty level, having a cannabis-related conviction
University of California, Berkeley (UC Berkeley) will observe human subjects in a study to determine if psilocybin, the active compound in magic mushrooms.The study marks UC Berkeley’s first study involving human subjects with a Schedule I substance—drugs with no currently accepted medical value. The study will examine how psilocybin changes the way our brain interprets
A limited-edition strain from an Oregon-based grower was named after U.S. Vice President Kamala Harris—and it ended up becoming the topic of a conversation on Jimmy Kimmel Live. The vice president has nothing to do with Kamala Kush, but was asked about the peculiar strain bearing her name while on live television. In an interview
If you’re a fan of full spectrum cannabis cannabinoids, there’s one line you don’t want to miss: the Super 7 line from the fan favorite brand Binoid. For several years now, Binoid has been at the forefront of developing legal psychoactive cannabis products infused with the latest and greatest discoveries, from rare cannabinoids to powerful
A psilocybin treatment bill was recently introduced on June 6 by California Sen. Brian W. Jones and Sen. Josh Becker, which if passed would create a pilot program for psilocybin therapy. Senate Bill 803, also called the Heal Our Heroes Act, was attached as an amendment to an unrelated bill last week. If passed, it
Florida Republican Governor Ron DeSantis on Monday announced the establishment of a new political action committee to fund a campaign to defeat a ballot measure to legalize recreational marijuana in the state. Dubbed the Florida Freedom Fund, the new PAC will also raise money to help defeat a separate initiative to protect abortion rights that
