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How Data Helps Cannabis Businesses Harness their Future Growth Potential

At Monarch Technologies, we stand at the forefront of transforming businesses within the thriving cannabis industry through our innovative data analytics solutions. In an era where legislative barriers are easing, and the cannabis market is expanding exponentially, the strategic utilization of data analytics has emerged as the key driver for unlocking growth opportunities. Allow us

2024-07-31T19:29:01+00:00May 1st, 2024|Cannabis, payments, Technology|Comments Off on How Data Helps Cannabis Businesses Harness their Future Growth Potential

States with Adult-Use Pot Saw Decrease in Alcohol Use, No Increase in Teen Substance Abuse

Legislation to legalize adult-use cannabis, as well as an increase in retail sales in Canada and the U.S. did not lead to an overall increase in teen substance abuse, a team of researchers found. They also found that adult-use legislation led to a “modest decrease” in teen alcohol and e-cigarette use. The research was led

2024-05-01T10:16:09+00:00May 1st, 2024|Cannabis, Feed|Comments Off on States with Adult-Use Pot Saw Decrease in Alcohol Use, No Increase in Teen Substance Abuse

Research Shows Some Rolling Papers Have High Levels of Heavy Metals

Many brands of rolling papers designed for smoking weed contain elevated levels of potentially dangerous heavy metals, according to the results of a recent study. Rolling papers with dies or metallic tips pose a particular danger, the research determined, with some brands containing enough copper to be harmful to cannabis consumers who use them frequently.

2024-05-01T10:16:10+00:00May 1st, 2024|Cannabis, Feed|Comments Off on Research Shows Some Rolling Papers Have High Levels of Heavy Metals

DMT Lab Discovered in Brentwood, California During Robbery Raid

Detectives in Walnut Creek, California investigated a man and woman suspected of robbing a liquor store, and stumbled on a fully-functioning DMT lab at their home nearby in Brentwood. Police say that some of the suspects allegedly used explosive materials in the presence of a child to extract and synthesize DMT. Danielle Kumerow, 42, and

2024-05-01T10:16:10+00:00May 1st, 2024|Cannabis, Feed|Comments Off on DMT Lab Discovered in Brentwood, California During Robbery Raid

New Mexico Governor Calls Homeland Security Secretary’s Response to Pot Seizures ‘Inappropriate’

New Mexico Governor Michelle Lujan Grisham expressed frustration with Department of Homeland Security Secretary Alejandro Mayorkas in a recent phone call with an unidentified federal official, saying she was “offended” by his response to seizures of weed from licensed marijuana companies.  At least a dozen seizures of regulated cannabis by Customs and Border Protection (CBP)

2024-05-01T10:16:11+00:00May 1st, 2024|Cannabis, Feed|Comments Off on New Mexico Governor Calls Homeland Security Secretary’s Response to Pot Seizures ‘Inappropriate’

MedMen Files for Bankruptcy

On April 26, multi-state cannabis operator MedMen announced that it has filed for bankruptcy with the Canadian Bankruptcy and Insolvency Act, as of April 24. Recorded liabilities include approximately $561 million CAD, or $411 million USD. MedMen’s bankruptcy trustee B. Riley Farber Inc. was appointed to represent the company and manage outstanding business obligations (debt,

2024-05-01T10:16:12+00:00May 1st, 2024|Cannabis, Feed|Comments Off on MedMen Files for Bankruptcy

DEA Moves To Reclassify Cannabis Under Schedule III in Historic Move, Report Indicates

The U.S. Drug Enforcement Administration (DEA), under the Biden administration, will move to reclassify cannabis under Schedule III, meaning its medical benefits will be recognized by the federal government, the Associated Press first reported today. By all accounts, it’s a historic move by the DEA and the federal government as the plant was wrongly classified

2024-04-30T20:16:07+00:00April 30th, 2024|Cannabis, Feed|Comments Off on DEA Moves To Reclassify Cannabis Under Schedule III in Historic Move, Report Indicates

Psychedelic Research Proves Rather Tricky for the FDA

As it turns out, researching the efficacy of MDMA to treat PTSD may be pretty complicated. The initial efforts to secure governmental sanction for a psychedelic substance for mental health care, in this case, MDMA, are facing some serious scrutiny over the clinical trial process, the Washington Post reports.  MDMA has long been lauded as

2024-04-30T10:16:12+00:00April 30th, 2024|Cannabis, Feed|Comments Off on Psychedelic Research Proves Rather Tricky for the FDA

Kansas Medical Cannabis Proposal Dead for 2024

A bill to legalize medical marijuana in Kansas is dead for 2024 after the state Senate blocked an effort to bring the proposal to the floor for debate. Had it passed, the measure would have legalized the medicinal use of cannabis by patients with certain qualifying conditions in one of the few states that have

2024-04-30T10:16:12+00:00April 30th, 2024|Cannabis, Feed|Comments Off on Kansas Medical Cannabis Proposal Dead for 2024

Psychedelic Drug Market Poised to Hit $4.6B by 2030

A recent report shows a steady growth in the psychedelic drug market, however the report represents a much more conservative projection compared to past reports, which have blown that projection by almost three times as much by the same year. The Guardian and peer-reviewed journals call it the “Psychedelic Rennaisance.” The psychedelic drug market is

2024-04-30T10:16:13+00:00April 30th, 2024|Cannabis, Feed|Comments Off on Psychedelic Drug Market Poised to Hit $4.6B by 2030
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