Author: News Room

Cannabis retail marketing must be heavily researched to best catch the eye of potential customers, especially in markets where there is a lot of competition. New Frontier Data provides a fascinating look behind the scenes at what brand packaging says about a product, and how it is perceived by consumers. New Frontier Data uses information collected and published in its recently published Cannabis Consumers in America report, which identifies consumers based on their purchasing behavior and trends in the industry (categorized as Savvy Connoisseurs, Contemporary Lifestylers, Legacy Lifestylers, Medical Lifestylers, Modern Medicinals, Engaged Explorers, Social Nibblers, Holistic Healers, and Infrequent…

After testing the psychedelic substance, I discovered that it’s nothing to be angry about. It simply can’t be ignored or denied any longer: Psychedelics are having a moment, and with stigmas fading, the world is increasingly exploring and even enjoying their effects. 2022 saw Colorado follow Oregon in decriminalizing substances like psilocybin mushrooms, LSD, DMT, and ayahuasca, as did local municipalities like San Francisco, following Oakland, Santa Cruz, Ann Arbor, DC, and Denver. There are now churches dedicated to guided psychedelic practice, cushy retreats, and therapy clinics that utilize ketamine. One obstacle to psychedelics now is accessing them since, for…

BOCA RATON, Florida., Dec. 13, 2022 – PRESS RELEASE – Jushi Holdings, a vertically integrated, multi-state cannabis operator, announced the launch of a comprehensive product suite in California that includes three brands crafted to meet cannabis consumers’ preferences and price points. With the addition of Sèchè Pre-Roll Singles, Tasteology Fruit Chews and The Lab Vapes, the company brings a new selection of high-quality brands and proprietary products exclusively available at the company’s Beyond Hello retail locations in the Golden State.“As California is one of the most competitive and mature cannabis markets in the world, California cannabis consumers have some of the most discerning tastes,” said Jim Cacioppo, Jushi founder,…

Pennsylvania officials are awarding nearly $19 million in grants, partially funded by medical marijuana tax revenue, to help substance misuse treatment professionals pay down their student loans. The Pennsylvania Department of Drug and Alcohol Programs (DDAP) announced last week that it is drawing from the state Medical Marijuana Program Fund, as well as settlement money from a lawsuit against a pharmaceutical company for opioid-related claims, to provide the student debt relief for 280 substance use disorder (SUD) treatment professionals. DDAP Secretary Jen Smith said in a press release that the administration “remains committed to strengthening the drug and alcohol treatment…

The dawn of psychedelic mushrooms as a mainstream pastime and medicinal tool has arrived. Colorado and Oregon, alongside local municipalities like DC, Ann Arbor, Oakland and San Francisco, have decriminalized psychedelics. As more people use them, more and more sellers have popped up to provide the people with what they want—for a price. If you feel comfortable seeking them out, here’s how much cash to keep on hand to ensure you have enough shrooms.    What is the average price of shrooms? The price of shrooms, as a Schedule 1 substance, has no set standard. Where you live and the intensity…

<![CDATA[The bottom has yet to arrive for flower prices in Michigan’s adult-use cannabis retail market, while consumer demand has yet to hit its peak. The average retail price for an ounce of adult-use flower hit another all-time low at $95.12 per ounce in November, according to data from the state’s Cannabis Regulatory Agency (CRA). That’s a 50% decrease from the average retail price of $191 last November. Two years ago, in November 2020, licensed adult-use dispensaries were commanding $376 per ounce on average, per CRA. Despite the falling flower prices, adult-use licensees have continued to record monster hauls in recent…

A consortium led by Tennessee State University has received nearly $5 million in grant funding for sustainable hemp fiber research.The federal agency awarded $4,972,900 to the “Climate-Smart Fiber Hemp: A Versatile Thread Connecting the Nation’s Underserved Farmers, Climate Change Mitigation and Novel Market Opportunities,” research project led by Tennessee State University.The project is designed to increase industrial hemp production as a climate-smart commodity, “evaluate its greenhouse gas benefits and promote the value of market development to a cross-section of production agriculture, including small, medium, and underserved producers across the state of Tennessee,” according to the project proposal.Leaders of the project…

State government officials have provided nearly 2 million pardons and expungements to people with low-level marijuana convictions over recent years, according to a new analysis from NORML. There’s been renewed national interest in cannabis clemency since President Joe Biden issued a mass marijuana pardon in October, forgiving several thousands Americans who’ve committed federal possession offenses and encouraging governors to follow the administration’s lead. But while the presidential action has been viewed by advocates as a welcome step in the right direction, it’s severely limited in scope, due in large part to the fact that vast majority of marijuana cases take…

New York Gov. Kathy Hochul signed legislation Dec. 13 to expand the market opportunities for industrial hemp in the state.Senate Bill 8496, which is sponsored by Democratic Sen. Michelle Hinchey, calls for the Commissioner of Agriculture and Markets to work with the Urban Development Corp., the New York state Hemp Workgroup and industry representatives to develop a plan to create market opportunities for industrial hemp to be used in food, fiber, packaging, construction, cannabinoid content, and more, according to the bill text.“The market for New York industrial hemp is still developing, and the state needs to take an active role…

Amid swirling reports that marijuana banking provisions may be excluded from a yet-to-be-filed omnibus spending bill, some lawmakers are pushing back, while advocacy groups and industry stakeholders are stepping up their calls for action in what’s left of Congress’s lame duck session. To be clear, the text of the final appropriations package has not been released and negotiations are ongoing. But it was reported on Tuesday that appropriators have reached an agreement on a “framework” for the legislation. What’s troubling for supporters, however, is a brief post from a Punchbowl News reporter saying that the Secure and Fair Enforcement (SAFE)…