Hemp Clothing Market to Hit $23B by 2031, Report Predicts
Hemp clothing is making a comeback, marking the hemp textile industry’s latest resurgence in the clothing sector. Researchers say the reasons for […]
Category: Business
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Cannabis Community, Investors React to DEA Decision To Reschedule
Cannabis advocates, executives and investors are celebrating the Drug Enforcement Administration’s reported decision this week to reclassify marijuana under federal drug laws, […]
MedMen Files for Bankruptcy
On April 26, multi-state cannabis operator MedMen announced that it has filed for bankruptcy with the Canadian Bankruptcy and Insolvency Act, as […]
Psychedelic Drug Market Poised to Hit $4.6B by 2030
A recent report shows a steady growth in the psychedelic drug market, however the report represents a much more conservative projection compared […]
U.S. Economy To Receive $112.4 Billion Boost from Cannabis Industry in 2024
Green isn’t just the color of cannabis, but cash, too. And thanks to your valiant efforts of consumption, the industry is looking […]
Cannabis Industry Has 440,000 Full-Time Workers
More than 440,000. That is the approximate size of the cannabis industry’s labor force in this country, according to newly published research. […]
Arizona Weed Sales Topped $1.4 Billion Last Year
Regulated sales of marijuana in Arizona topped $1.4 billion last year, according to state data, marking the third year in a row […]
2024 U.S. Cannabis Sales Projected To Exceed $31 Billion
Regulated marijuana sales in the United States are expected to exceed $31 billion this year, according to a recent economic forecast from […]
New Cannabis Lawsuit Filed Against Federal Government
Last year in October, a group of cannabis companies filed a federal lawsuit claiming that a federal ban on cannabis is unconstitutional, […]
Weed Megacorp To Exit Maine Adult-Use Market
Curaleaf, one of the world’s largest cannabis companies, is exiting the adult-use cannabis retail market in Maine with the sale of its […]