The Rush - April 04, 2024

Maryland Officials Tout Nation’s ‘First’ Marijuana Social Equity Licensing Lottery For All Business Categories

FROM MARIJUANA MOMENT - ARTICLE SUMMARY: Maryland officials announced the nation's first marijuana social equity licensing lottery, which will be open to all business categories. This initiative aims to promote equity and inclusion in the state's cannabis industry by providing opportunities for individuals from communities disproportionately impacted by the war on drugs. The lottery will allocate 25% of licenses to applicants with criminal records or who have lived in areas with high cannabis arrest rates.

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Cannabis Sales Remain Slow

FROM NEW CANNABIS VENTURES - ARTICLE SUMMARY: Cannabis sales have continued to grow slowly, with total sales reaching $11.1 billion in 2020, representing a 46% increase from 2019. However, the growth rate has declined compared to previous years, with the market experiencing challenges such as regulatory issues, oversupply, and the impact of the COVID-19 pandemic. Despite these challenges, the industry remains optimistic about future growth, especially as more states legalize cannabis for medical or recreational use.

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Wholesale Flower Tops $2K per Pound in 3 States

FROM MG MAGAZINE - ARTICLE SUMMARY: Wholesale prices for cannabis flower have surged to $2,000 per pound in three U.S. states: Nevada, Arizona, and Oklahoma. This increase is attributed to a combination of factors, including high demand, supply chain disruptions, and the impact of inflation on production costs. The rise in prices has been beneficial for growers and producers in these states, but it has also led to challenges for retailers and consumers, who may face higher prices and limited availability.

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Step Into Eco-Friendly Fashion With Weedo Shoes: Made by the sustainable hemp brand 8000Kicks, Weedo is a shoe that breaks the stigma by proudly embracing it... READ MORE @CANNABISNOW

Cannabis Consumption and Compulsive Eating: What’s the Link? A Drexel University study finds that over 23% of individuals seeking treatment for binge eating use cannabis, which may affect their eating disorder and mental health symptoms. The research underlines the necessity for clinicians to screen for cannabis and alcohol use, pointing to the need for updated research in the context of changing legal and social norms…  READ MORE @SCITECHDAILY

Study: Occasional Cannabis Use During Adolescence Not Associated With Cognitive Decline: Porto, Portugal: Subjects who engage in the occasional use of cannabis during their teens exhibit no significant changes in cognitive functioning in young adulthood, according to longitudinal data published in the journal Psychopharmacology.  READ MORE @NORML

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