McConnell Secures Hemp Victory In Farm Bill

Senator McConnell announced the legislation will go before the full Senate for consideration before July 4th

DISTRICT OF COLUMBIA: U.S. Senate Majority Leader Mitch McConnell (R-KY) joined his colleagues on the U.S. Senate Agriculture, Nutrition and Forestry Committee today to vote in favor of the Farm Bill. During the committee meeting, Senator McConnell discussed his legislation to legalize industrial hemp and the importance of including his Hemp Farming Act of 2018 in the Farm Read the full article…

Study: Majority Of Chronic Pain Patients Replace Opioids With Cannabis

"Most patients in the pain groups reported replacing prescription medications with medicinal cannabis, the most common of which were opiates/opioids across all patient groups," authors concluded.

OHIO: More than two-thirds of chronic pain patients registered to legally access medical cannabis products substitute marijuana for prescription opioids, according to data published in The Journal of Headache and Pain. Investigators from the United States and Canada assessed the use of medical cannabis and prescription drugs in a cohort of over 2,000 Canadian patients licensed to access marijuana Read the full article…

OLCC Notice of Public Hearing: Harvest Notification Rule

OLCC news

OREGON: The Commission is tasked with regulating the recreational market. One key task of regulation is to prevent diversion of marijuana into other markets. Staff has identified harvest as an opportunity for diversion and is seeking to adopt a notification requirement for outdoor growers. This would require outdoor growers to notify the Commission of five Read the full article…

MedMen Begins Trading On The Canadian Securities Exchange

Leading Cultivator, Producer and Retailer of State-Sanctioned Cannabis Now Accessible to Public Equity Investors

CALIFORNIA: MedMen Enterprises began trading today (5/29/18) on the Canadian Securities Exchange under the ticker symbol “MMEN.”  With more than 800 employees and 18 licensed facilities in California, Nevada and New York, MedMen is one of the fastest growing companies in the quickly evolving U.S. cannabis industry. The three states where MedMen currently operates account for about Read the full article…

Blockchain Technology Integration In The Cannabis Supply Chain

The report indicates that enhanced transparency and immutability, improving smart contracts, increasing security concerns are factors that drive the growth of the market.

NEW YORK: According to a market research reported by IndustryARC, the blockchain market in supply chain is expected to reach $424.24 million by 2023, with a compound annual growth rate of 48.37 percent during the forecast period. A supply chain is a network between a company and its suppliers to produce and distribute products or services to the Read the full article…

Survey: Oncologists Believe Medical Cannabis To Be Equally Or More Effective Than Conventional Treatments

Sixty-five percent of respondents said that medical marijuana was equally effective or more effective than standard treatments for addressing appetite loss and/or cachexia.

MASSACHUSETTS: The majority of oncologists believe that the use of medical cannabis is either as effective or more effective than conventional treatments for managing symptoms of cancer, according to survey data published in The Journal of Clinical Oncology. A team of investigators lead by researchers at The Dana Farber Cancer Clinic randomly surveyed oncologists’ beliefs with regard to the Read the full article…

The Sprinkles Of Cannabis Offers Consumers A New Kind Of Edible ~ Cupcakes

Jade & Jane take cupcakes to a new level

COLORADO:  Cannabis cupcake company, Jade & Jane, broadens consumer’s choices in the edibles market with recent introduction of single serving, recreational 10mg THC-infused cupcakes. Jade & Jane’s products are available to retail customers through licensed Colorado recreational dispensaries. Wholesale dispensary customers may contact Jade & Jane to place orders. Ordering through LeafLink is coming soon. Started in 2016, Read the full article…

Cannabis Sales On The Rise In North America

According to sales data from Colorado’s Department of Revenue released Friday, sales of recreational pot topped $59.2 million for the month, while medical marijuana dispensaries pulled in $41.4 million, for a combined $100.6 million — the highest monthly total since legal recreational cannabis sales began there in January 2014.

NEW YORK: The global legal cannabis market was valued at $14.3 billion in 2016 and is projected to grow at a CAGR of 21.1% between 2017 to 2024, while reaching a value of $63.5 billion by 2024, according to a report by Ameri Research. The market is going through a period of robust growth because of increasing legalization and decriminalization Read the full article…

AltMed Raises $35.4 Million To Fuel Growth In Florida, Arizona & Internationally

Marijuana is big business

FLORIDA: Alternative Medical Enterprises, a fully integrated company that brings pharmaceutical industry precision to the development, production and dispensing of medical cannabis, announced it has closed a private placement financing of $35.4 million with an affiliate of MainLine Investment Partners and other investors. “This Financing will help us to conduct a robust launch in the massive medical marijuana marketplace Read the full article…

Washington State Legal Cannabis By The Numbers: February 1, 2018 -May 10, 2018

LCB Leaf Data

WASHINGTON: The below statistics cover activity in Leaf Data Systems for the time period between February 1, 2018 and May 10, 2018: