News

Cannabis is Now the 6th Biggest Money-Making Crop in America - Name the Top 5 if You Can?

According to a report released on November 2 by Leafly.com and Whitney Economics, marijuana grown in 2021 for the state-legal adult-use market had a market harvest cash value of over $5 billion, ranking it as the sixth most lucrative cash crop in the country. On a wholesale basis, only maize, soybeans, wheat, hay, and cotton generate more revenue.

Posted by on 2022-11-03

Extracting Cannabinoids from Cannabis Smoke? - US Government Awards Patent for New Technology

This move has resorted in its issuance of a patent by the United States Patent and Trademark Office recently. The patent was issued for a new method of extraction of cannabinoids and other compounds from a rare cannabis source. The biotech company takes a step further from what other extractors have been doing. This is because cannabis smoke serves as its cannabinoid source as opposed to the original plant material being used by other extraction methods.

Posted by on 2022-11-03

Why Legacy Cannabis Cultivators Want to Cap New Grow Licenses

When places like Oregon, Colorado, Washington and the likes legalized cannabis, they were seen as pioneers. People flocked from all over the world to purchase and smoke “legal weed”. However, now after a decade, the market is saturated and the amount of cannabis being produced far outpaced the demand for the cannabis.

Posted by on 2022-11-03

0 or 6,500? - How Many People are Eligible to Be Pardoned under President Biden's Cannabis Clemency Pardons?

The United States Sentencing Commission estimates that about 6,500 prisoners from 1992 till date are eligible to be recipients of the presidential pardon for cannabis possession crimes. Although some reports claim that there are no persons in prison for minor possession crimes so no one is actually beneficiary to this pardons, and some others feel it is just propagandas.

Posted by on 2022-11-02

CBD Stores and Vape Shops are Booming in California - Here Is How to Open Your Own!

According to the state's official website, the three licensing agencies have given more than 10,000 commercial licenses to cannabis businesses across California since it became legal, allowing for the sale of both CBD and marijuana-related products. This shows that securing a permit for a vape shop isn't difficult to obtain or renew.

Posted by on 2022-11-02