The hemp-derived fiber market is growing exponentially. The Business Research Company, a global market research and consulting firm located across the globe, updated its reports with latest data on hemp fiber for 2024 and projections up to 2033, and the projections look promising. The Business Research Company’s “Hemp Fiber Global Market Report 2024” was published
Voters in Humboldt County last week soundly rejected a ballot measure that would have tightened regulations on the area’s famed cannabis industry. Known as Measure A, the initiative was defeated at the polls on March 5, with more than 73% of the voters casting their ballot against the proposal. Genine Coleman, the executive director of
According to multiple reports late last week, MedMen has shuttered all but two of its stores in California. “Only MedMen stores in San Diego and near Los Angeles International Airport remain open,” MJBizDaily reported on Friday. Green Market Report, citing a former staffer at the company, reported that “[although] no one connected with MedMen’s corporate
The Virginia Department of Forensic Science (VDFS) recently released a report regarding its federal funded study to research reliable testing methods for detecting THC in blood. DFS was originally granted $290,353 in 2020 by the Department of Justice’s National Institute of Justice. “The goal of this research project is to develop and validate an automated
Encouraging outcomes from a clinical study on the LSD-analog substance MM120, or lysergide d-tartrate, have led the Food and Drug Administration (FDA) to designate it as a “breakthrough therapy” for treating generalized anxiety disorder (GAD). The designation of “breakthrough therapy” is awarded to expedite the development and review of drugs that show considerable promise in
President Joe Biden issued his State of the Union address on Thursday, March 7, and among many topics, he said he’ll direct his Cabinet to consider reclassifying cannabis at the federal level. It’s the first time that a president of the United States addressed cannabis reform as part of his State of the Union address.
Using cannabis for pain relief is nothing new. Across the U.S., most states include chronic pain as a qualifying condition for medical cannabis. Looking broader, individuals around the globe are already embracing cannabis for these pain-relieving qualities alongside the additional benefits it may offer. While we’re still learning exactly how cannabis can work to treat
The Missouri House Veterans Committee recently passed a medical psilocybin bill that would legalize psilocybin therapy for veterans and also grant funds for research on further therapeutic benefits. Currently the House bill is unpublished, but an identical Senate version of the bill was also passed recently as well. SB-768 was pre-filed in December 2023 by
Two recent conferences in the United Arab Emirates (UAE), located in Dubai and Abu Dhabi, celebrated advancing discussions about psychedelic-assisted therapy in the country, with notable speakers ranging from Rick Doblin, PhD of The Multidisciplinary Association for Psychedelic Studies (MAPS) to Jesse Gould of Heroic Hearts Project, according to a March 6 press release. Discussions
Wana Brands, a leading manufacturer of cannabis edibles in the United States, announced on Thursday that it is expanding to Europe through a strategic partnership with Alpen Group. With an initial launch in Switzerland, the home of cannabis pharmaceutical manufacturer Alpen Group, Wana Brands plans to bring its popular line of weed gummies to European
