It’s been 23 years since California became the first state to legalize medical marijuana, and five years since Colorado and Washington became the first to make recreational pot legal. There’s still a big problem. Cash. A lot of it. Cash isn’t just king in cannabis, it’s almost all there is. “It’s a huge issue,” said […]
On the Move
MLB to stop testing minor leaguers for marijuana as part of new drug agreement, report says
MLB and the MLB Players Association are negotiating changes to the drug agreement that would introduce opioid testing. As part of the new drug agreement, MLB would also remove marijuana from the league’s list of banned substances for minor-league players, according to The Athletic’s Ken Rosenthal. Players on the 40-man roster are not tested for marijuana, […]
MLB and players’ union mull testing for opioids while easing marijuana penalties
When healthy, Kyle Blanks could crush a baseball. In the final 32 games of 2009, his rookie season with the San Diego Padres, playing in a home field so cavernous it was known as Petco National Park, Blanks hit 10 home runs. But he never hit that many home runs in a season again, his […]
Cresco Labs Acquires 2 Arizona Marijuana Dispensaries
Cresco Labs Inc., one of the largest vertically integrated multistate cannabis operators in the United States, announced a significant expansion of its presence in Nevada and Arizona through the signing of a purchase agreement to acquire certain assets from Tryke Companies, a vertically integrated seed-to-sale cannabis company, including six Reef Dispensary locations in Nevada and Arizona, expanded licensed cultivation and […]
Florida firm rolls up 15 dispensary permits in Pennsylvania
Jushi Holdings Inc., the Florida-based cannabis company that bought out Beyond/Hello’s four Pennsylvania permits in July, announced today that it was acquiring the majority interest in Agape Total Health Care Inc. Agape, of Lehigh County, won a permit from the Department of Health in December to operate three dispensaries in the Keystone State. Agape has […]
Study finds Marijuana use among college students at 35-year high
Marijuana use by college students hit a 35-year high, according to a study released last Tuesday. The annual Monitoring the Future panel study, a joint effort by researchers at the University’s Institute for Social Research, found that, in 2018, 43 percent of full-time college students said they used marijuana at least once in the previous […]
No Longer In Hiding, the Scent of Cannabis Joins the Perfume Counter
“Reeking of weed” used to be a bad thing. Now high-end beauty influencers are embracing fragrances designed to highlight the aroma of cannabis. There’s one called Dirty Grass, an earthy $185 scent with 500 milligrams of hemp-derived CBD oil in each bottle. It’s the latest release from Heretic Parfum’s Douglas Little, the nose behind Goop’s all-natural fragrances. […]
Arizona Tea maker enters the cannabis market
Marijuana products will soon hit the masses, as the maker of Arizona Tea enters the cannabis market, starting with vape pens and THC-infused gummies. Privately held Arizona Beverage announced Tuesday that it reached a licensing deal with Dixie Brands, which makes and sells drinks, chocolates, gummies and topical creams that are laced with marijuana. Through […]
Marijuana-derived epilepsy drug doubles sales, sending GW Pharma stock soaring
GW Pharmaceuticals PLC reported Tuesday afternoon that sales of its cannabis-derived epilepsy drug more than doubled from the previous quarter, sending shares spiking more than 11% higher in after-hours trading. GW Pharmaceuticals GWPH, +10.22% reported second-quarter sales of $68.4 million for Epidiolex, which uses cannabidiol, a compound present in cannabis plants to treat certain forms of epilepsy. Wall Street […]
Cresco Labs’ 56 marijuana dispensaries around the country soon will have the same name: Sunnyside
Cresco Labs is renovating its 56 marijuana dispensaries around the country, including five in Illinois, and reopening them under a single brand name: Sunnyside. The dispensaries will be welcoming and bright and will create room for customers to learn about the products, said Joe Caltabiano, president and co-founder of the Chicago-based cannabis company. There will […]
Bruce Linton says he was fired as co-CEO of Canadian pot company Canopy Growth
Bruce Linton, co-CEO of Canopy Growth, said he was fired from the Canadian pot company he founded in 2013 in an interview with CNBC on Wednesday. Canopy, the world’s largest publicly traded cannabis company by market value, earlier Wednesday announced in a press release that Linton was removed as co-chief executive officer and a member of […]
Global marijuana use rose by 60 percent over the past decade
The global story about cannabis — the most-used recreational drug in the world — is about as fuzzy as your body feels after taking your first hit. While some places, such as states in the US, have legalized the drug, it is strictly prohibited in others. Almost 200 million people smoke pot worldwide according to the2019 World Drug Report, published […]
Marijuana use among baby boomers rose tenfold over decade as seniors seek out cannabis for medical treatment
Marijuana use among seniors in the U.S. rose tenfold over a decade as more baby boomers use it to treat a range of ailments, including pain, anxiety and depression, according to a University of Colorado study. Some 3.7% of U.S. adults age 65 or older used cannabis in the past year, a more than tenfold increase […]
Behind Portland’s blockbuster marijuana deal: a Russian billionaire, cannabis consolidation
A billion dollars for a Portland marijuana company. It’s an astonishing figure. Last month’s deal for Cura Cannabis was the biggest acquisition in the history of legalized marijuana in the United States. It’s a sign of just how quickly the market is emerging. And that’s just the beginning of the story. Curaleaf, the Massachusetts company buying Cura’s […]
TSA approves cannabis-containing epilepsy drug for flights
The Transportation Security Administration will now permit a pediatric epilepsy drug containing cannabis on flights, according to the agency’s guidelines. Its guidelines now say that, subject to “special instructions,” “products/medications that contain hemp-derived CBD or are approved by the FDA are legal as long as it is produced within the regulations defined by the law under the […]
East Coast marijuana market could rival Colorado’s in coming years, report finds
The cannabis industry in the U.S. has long been centered around states like Colorado and Oregon, but now, marijuana sales in Illinois and its neighboring states east of the Mississippi River are poised to rival those out west. The U.S. cannabis market is staring down massive growth, with sales that are expected to reach $22.7 […]
NFL and marijuana: Players hope for change in punishing policy
The pain wasn’t the same as a midair smack from a hulking linebacker while coming across the middle, but former Detroit Lions superstar receiver Calvin Johnson said he needed some serious relief during his 2016 season on “Dancing with the Stars.” “When I was on the dancing show, I was using a CBD (the non-psychoactive ingredient […]
8 in 10 marijuana users combine cannabis and exercise, CU study finds
A large majority of marijuana users say they use the drug before or after exercising and those who partake get more exercise than those who don’t, according to new research from the University of Colorado. Researchers at CU Boulder surveyed 600 adult marijuana users in five states where the drug has been legalized for recreational […]
