Massive Hemp Farm Busted in Spain

The largest cannabis farm in Europe just got raided. According to Sky News, officers destroyed and collected over 415,000 hemp plants that were set to be shipped and turned into CBD oil. The plants on the farm were estimated to be worth at minimum 100 million Euros. This massive farm was busted just a few […]

$100 Billion in Weed Revenue in 2022

Despite the questions regarding whether the tax rate is too high or too low in some states, the numbers are not divided on one front: it’s a huge money-maker for the country’s economy. MJBizDaily has released new numbers on not just tax revenue collected, but total projected revenue from the marijuana industry this year, and […]

Labatt to Stop Production of CBD Beverages in Canada

One of the largest beer producers in Canada is halting the production of their non-alcoholic CBD beverage. Labatt Breweries announced a few weeks ago that their drink company, Fluent Beverages, is being shut down in Canada. Fluent Beverages was created out of a partnership between Budweiser, Tilray, and Labatt, aimed at creating a large line […]

Colorado Announces Another Marijuana License Plate Auction To Support Disabled Communities

Colorado has once again launched another Marijuana themed license plate auction to support disable communities. Last Friday, officials announced another round of auctions for marijuana-themed license plates to raise money for disabled Communities. The bids are on 22 different license plates with cannabis terms stamped on them. Some of the stamped license plate terms include […]

Denver Issues First Social Equity Consumption License

Denver has issued out the first licenses for their social equity consumption lounges. Tetra Lounge in Denver became the first social equity applicant to receive the ability to act as a consumption lounge last week. Hasn’t Denver had cannabis consumption lounges for a while? The short answer, yes, but after cannabis industry reforms in 2021, […]

California’s Cannabis Market Hitting Rough Water

California’s cannabis market is widely known as the largest in the United States, bringing in ginormous numbers each year. But just because they sell a lot of weed doesn’t mean everything is working smoothly. California has their own share of ups and downs within the market. As of 2022, many experts believe the regulated industry […]

Majority of Americans Support Marijuana Banking Bill

According to a new poll from the American Bankers Association, a large percent of Americans wants banks to work with marijuana companies. The survey asked two questions. Do you support or oppose allowing cannabis businesses to “access traditional banking services, like a checking account or a business loan, in states where cannabis is now legal.” […]

Canada’s Cannabis Sales Break CA$3.9 Billion in 2021

Canada’s cannabis sales from 2021 exceeded CA$3.9 billion. This is substantially larger than in 2020 when sales were roughly CA$2.6 billion. Canada has the worlds second largest cannabis market next to the US. Although sales are expected to slow down in 2022, the country will still hold the title due to the sheer love for […]

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