Why Are More Seniors Turning to Marijuana? Recent data from a federally funded study reveals a striking statistic: approximately one in ten senior citizens reported using marijuana within the past 24 hours. This finding challenges common assumptions that cannabis is primarily used by younger generations and points to a shifting landscape in cannabis consumption among […]
The Context Behind Michigan’s Marijuana Tax Michigan legalized recreational cannabis in 2018, instituting a 10% excise tax on retail sales in addition to the state’s 6% sales tax. However, a separate 24% excise tax on marijuana products was later implemented, significantly increasing the cost burden on both consumers and licensed businesses. This layered tax structure […]
A Costly Clash Over Cannabis Taxation In a landmark dispute reaching $31.8 million, a cannabis business found itself embroiled in a fierce tax battle with state authorities. The case underscores the complexities marijuana companies face when state tax laws intersect with a nascent and rapidly growing industry. This dispute serves as a stark reminder that […]
The Emerging Economic Power of U.S. Hemp Cannabinoids The U.S. hemp cannabinoid sector is rapidly transforming from a niche agricultural offshoot into a formidable economic force. According to a recent report highlighted by International CBC, the value of this sector is increasingly recognized not just for its agricultural roots but for its expanding role in […]
The Current State of Cannabis Banking Access to banking services for marijuana businesses remains fraught with challenges, according to a recent federal report. Although cannabis is legal in many states, the federal prohibition continues to cast a long shadow, causing many banks to refuse working with cannabis-related businesses. This hesitancy leaves a large portion of […]
Early Promise Meets Regulatory Reality Delaware legalized recreational cannabis with high hopes for a robust new revenue stream and economic boost. However, initial retail sales performance has fallen short of projections. The state’s cautious approach, including a limited number of licensed dispensaries and strict regulations, appears to have tempered demand. This outcome illustrates the complex […]
Wall Street’s Growing Appetite for Cannabis The cannabis industry stands on the verge of a major transformation as marijuana companies increasingly prepare for initial public offerings (IPOs). The New York Stock Exchange (NYSE) and Nasdaq, two of the world’s leading stock exchanges, are actively courting cannabis firms, signaling a shift from niche over-the-counter listings to […]
What Are Older Adults Experiencing With Medical Cannabis? A recent study has revealed that approximately 91% of older adults using medical cannabis report improvements in at least one of three common issues: chronic pain, insomnia, or mood disorders. This finding opens up a conversation on how cannabis might be influencing the quality of life in […]
Tragedy Strikes Oklahoma Cannabis Facility In a devastating incident that underscores the inherent risks in cannabis production, an explosion at a marijuana facility in Oklahoma resulted in the deaths of two individuals. Authorities have charged a man with murder in connection to the blast, which has sent shockwaves through the local community and the broader […]
What Is Driving the Rise in Cannabis Use Disorder? As cannabis legalization spreads across many U.S. states and other countries, the landscape of cannabis consumption is shifting dramatically. While the plant is often perceived as relatively benign compared to other substances, recent data highlight a concerning increase in cannabis use disorder (CUD)—a condition marked by […]
