Cannabis news

Here are some recent cannabis news updates:

Legalization and Regulation

• Canada becomes the second country in the world to legalize recreational cannabis, with the Cannabis Act coming into effect on October 17, 2018.
• The United States sees a surge in cannabis legalization, with 11 states and the District of Columbia legalizing recreational or medical cannabis in 2020.
• The European Union approves a new cannabis-based medicine, Epidyolex, for the treatment of rare forms of epilepsy.

Business and Finance

• The global cannabis market is projected to reach $73.6 billion by 2027, according to a report by Grand View Research.
• Canopy Growth, a Canadian cannabis company, acquires Acreage Holdings, a US-based cannabis company, in a deal worth $3.4 billion.
• Aurora Cannabis, another Canadian cannabis company, acquires MedReleaf, a Canadian cannabis company, in a deal worth $3.2 billion.

Research and Science

• A study published in the Journal of the American Medical Association finds that cannabis use is associated with a lower risk of opioid use disorder.
• Researchers at the University of California, Los Angeles, discover a new cannabinoid, THC-O, which has potential therapeutic benefits.
• A study published in the journal Nature finds that cannabis can help to reduce anxiety and improve sleep quality in patients with chronic pain.

Cultivation and Production

• The United States sees a surge in cannabis cultivation, with many states legalizing industrial hemp production.
• Canada's cannabis industry faces challenges due to a shortage of high-quality cannabis, leading to a surge in imports from other countries.
• A new method of cannabis cultivation, known as "vertical farming," is gaining popularity due to its potential for increased yields and reduced water usage.

Politics and Policy

• The US House of Representatives passes the MORE Act, a bill that would decriminalize cannabis at the federal level.
• The US Senate holds a hearing on cannabis legalization, with several senators expressing support for reform.
• The United Nations removes cannabis from its list of most dangerous drugs, recognizing its potential therapeutic benefits.

Other News

• A new cannabis-themed coffee shop opens in Los Angeles, offering cannabis-infused coffee drinks.
• A cannabis-themed festival is held in Denver, featuring music, art, and cannabis products.
• A new cannabis-based skincare line is launched, offering products infused with CBD and THC.

These are just a few examples of the many cannabis news stories that have been making headlines in recent months. As the cannabis industry continues to evolve, we can expect to see even more exciting developments in the future.