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Get the latest information on the budding cannabis industry.
MedMen Files for Bankruptcy
The once prominent cannabis company has now entered receivership, and its assets and operations will be dissolved.
Psychedelic Drug Market Poised to Hit $4.6B by 2030
MarketDigits released predictions about the psychedelic drug sector showing ample growth.
U.S. Economy To Receive $112.4 Billion Boost from Cannabis Industry in 2024
But overall, 2024 isn't the most stellar economic year.
Cannabis Industry Has 440,000 Full-Time Workers
The growth of the past year was driven largely by young Midwestern states.
Arizona Weed Sales Topped $1.4 Billion Last Year
Sales of licensed weed in Arizona have exceeded $1 billion per year over the last three years.
2024 U.S. Cannabis Sales Projected To Exceed $31 Billion
Sales of legal weed in the United States are expected to top $31 billion this year, according to a new economic projection.
Stripe Says No to Funding Cannabis Journalism, Backs Down After a Fight
The payment platform, Stripe, claims cannabis journalism “violates its terms of sale,” while continuing to support cannabis and paraphernalia sales.
New Cannabis Lawsuit Filed Against Federal Government
After a Massachusetts-based cannabis lawsuit was dismissed in January, the companies decided to introduce a new court filing.
Weed Megacorp To Exit Maine Adult-Use Market
Global cannabis powerhouse Curaleaf is leaving Maine’s recreational cannabis market as it continues efforts to improve the company’s profitability.
Hemp Fiber Market to Hit Over $50B by 2028, Report Indicates
The Business Research Company’s latest report of the global hemp market shows endless potential for the hemp fiber sector.