Tag: united states
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Survey Finds 80% Of Cannabis Businesses Support Regulating Intoxicating Hemp Products
Scientifically speaking, hemp and cannabis are the same crop. However, in the legal arena hemp and non-hemp cannabis are two different things. At the federal level in the United States, cannabis harvests containing .3% THC or less qualify as ‘hemp,’ whereas crops with THC percentages above that threshold are ‘cannabis’ and remain prohibited outside of…
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Cannabis Rescheduling Would Create Over 55,000 New U.S. Jobs According To Trade Group
Cannabis is currently a Schedule I controlled substance at the federal level in the United States. If a current proposal to reschedule cannabis to a lower status is approved, it could create over 55,000 new jobs according to a report by the Minority Cannabis Business Association (MCBA). “Moving cannabis to Schedule III and the resulting…
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57% Of Public Comments Support De-Scheduling Cannabis In The U.S.
United States President Joe Biden announced earlier this year that he would push for rescheduling cannabis from its current status as a Schedule I controlled substance to Schedule III. Part of the process to change cannabis’ federal status involved accepting comments from the public about the proposal. The window in which to comment lasted sixty…
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Survey Finds That Only 27.3% Of Legal U.S. Cannabis Operators Are Profitable
The overall legal cannabis industry in the United States is massive, with total legal cannabis sales in the United States expected to top $31.4 billion in 2024 according to a recent analysis by Whitney Economics. Additionally, leading cannabis jobs platform Vangst, in conjunction with Whitney Economics, estimates that the legal cannabis industry now supports 440,445…
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Over 31,000 Public Comments Submitted For DEA’s Cannabis Rescheduling Proposal
In May 2024, the United States Drug Enforcement Administration (DEA) published a proposed rule to reschedule cannabis. Cannabis is currently classified as a Schedule 1 substance at the federal level in the U.S., with the DEA’s proposed rule rescheduling cannabis to Schedule III. The proposal was first announced by U.S. President Joe Biden days before…
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How Long Does It Take For Cannabis MSOs To Sell Their Inventory?
How quickly a cannabis company sells their inventory can be a good indicator as to how popular their brand is among patients and/or consumers. It is not a perfect science, as some companies can obviously sell their inventory faster if they don’t produce as much of it, however, for companies that operate on a large…
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Cultivation Study Highlights Environmental Need For Legalizing Interstate Cannabis Commerce
It doesn’t take a genius to understand that cultivating cannabis outdoors under the sun has less of an environmental impact compared to cultivating cannabis indoors under artificial lighting. However, recently published research findings have quantified the difference between the two cultivation methods. The results of the study, which were initially reported by Marijuana Moment, found…
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Global Cannabis Food And Beverage Market Projected To Reach $2.63 Billion By 2026
The legal worldwide cannabis food and beverage market is projected to reach an estimated $2.63 billion by 2026 according to a new report by Allied Market Research. The projected increase in market value is attributed to cannabis policy modernization efforts around the globe and increased consumer demand. “According to a new report published by Allied…
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Consumers Report Drinking Less Alcohol After Cannabis Sales Become Legal
Consumers in North America have reported consuming less alcohol after their jurisdictions legalized recreational cannabis sales according to the results of two new surveys, suggesting that consumers are replacing alcohol use with cannabis use. “In Canada, where cannabis has been legal nationwide since 2018, 22.8% of people who use both cannabis and alcohol reported drinking…
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What Are The Most Popular Celebrity Cannabis Brands?
Celebrity cannabis brands have been around since legal cannabis sales started at the state level in the United States, however, they have become far more numerous in recent years. Actors, musicians, and professional athletes are flooding into the cannabis space at a seemingly every increasing rate. Hoodie Analytics tracks cannabis brands around the United States,…