DENVER - A recent study conducted by Veriheal reveals a significant trend among Gen Z favoring cannabis over alcohol and tobacco. The survey, which gathered responses from thousands of Veriheal patients between March 2023 and April 2024, shows 60 percent of Gen Z adult individuals rarely or never consume alcohol, preferring cannabis instead. Young adults who reported a preference for...

WASHINGTON – It’s official: On Thursday, the Department of Justice (DOJ) proposed moving cannabis from Schedule I to Schedule III under the Controlled Substances Act (CSA). The reclassification is widely anticipated to bring tax relief and other financial benefits to cannabis businesses. In a statement, the U.S. Drug Enforcement Administration (DEA) — the agency tasked with defining and enforcing federal...

The cannabis industry stands at a pivotal juncture. Echoing the transformative strides made by consumer packaged goods (CPG) industries including food and beverages, cannabinoid manufacturing has begun to embrace synthesized ingredients. This evolution—which addresses the pragmatic utilization of chemistry and biosynthesis to harness the full potential of the plant, particularly in the context of rare cannabinoids—is not just about...

Social media marketing is a must for most companies, regardless of how many hurdles the technology may bring. Many people have spoken about the challenges cannabis brands face in reaching consumers through social media, but these discussions often overlook the business-to-business (B2B) side of marketing. When executed correctly, social media can be a powerful tool for helping B2B brands...

SAN DIEGO -- CV Sciences, Inc., a consumer wellness company specializing in hemp extracts and other proven science-backed, natural ingredients and products, consummated its purchase of Elevated Softgels, LLC, a leading manufacturer of encapsulated softgels and tinctures for the supplement and nutrition industry.  Elevated Softgels has operational flexibility allowing low to large minimum order quantity ("MOQ") production runs, allowing for efficient...

QUÉBEC - Groupe SGF (Legal Advisors and Cannabis Consultants) announces the launch of a class action in court on behalf of Mr. Gabriel Bélanger against the Société Québécoise du Cannabis (SQDC). The class action application alleges that the SQDC does not comply with the Consumer Protection Act (CPA). The SQDC on the sidelines of the Consumer Protection Act The plaintiff in...

When Joseph R. Biden delivered the State of the Union address in March, he became the first United States president to use the word “marijuana” in the constitutionally mandated annual address since Ronald Reagan, and the first ever to suggest a need to rethink federal cannabis policy. Reagan referenced the plant in his 1988 remarks when touting the success of...

WASHINGTON – Organizers behind the B2B conference for cannabis industry payments, banking, and compliance (PBC) released a new banking directory this week. The comprehensive guide lists banks and credit unions that offer services to the cannabis sector. The release of the cannabis banking directory aligns with PBC's goal of enhancing the infrastructure around cannabis banking and compliance. The organization hopes...

SCOTTSDALE, Ariz. – In support of the second Shred for the Cure campaign, Timeless Vapes has announced a partnership with cancer survivor, skateboarder, and cannabis advocate, DJ Stewart. The latest initiative aims to boost awareness and funding for the Head for the Cure Foundation, an organization dedicated to combating brain cancer. Stewart also collaborated with Timeless and local artist John...

VANCOUVER, Canada – The iconic comedy duo with a cannabis licensing empire launched a new mobile video game this week, adding to the brand’s expanding lineup of product launches for 2024 with new consumer goods, infused beverages, and dispensaries.  The release of Cheech & Chong's Kush Kingdom marks the second collaboration between the cannabis industry veterans and East Side Games...