Category: Capitalism: The New Cannabis Economy
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Rep Betty McCollum Becomes 129th Co-Sponsor to SAFER Banking Act
Read more: Rep Betty McCollum Becomes 129th Co-Sponsor to SAFER Banking ActOn September 6, 2023, McCollum co-sponsored the SAFER Banking Act (Secure and Fair Enforcement Regulation), which seeks to address critical banking issues related to the legal cannabis industry. As the cannabis industry has expanded across the United States, businesses operating in states where cannabis is legal have faced significant challenges due to federal restrictions on…
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Glasshouse Brands Glass House Brands Eyes Hemp as Strategic Expansion Opportunity Amid Record Q2 Results
Read more: Glasshouse Brands Glass House Brands Eyes Hemp as Strategic Expansion Opportunity Amid Record Q2 ResultsIn an industry-shaping move, Glass House Brands (GLASF) announced record-setting financial results for Q2 2024, with $53.9 million in revenue, driven by a robust cannabis production output. However, amid California’s fluctuating marijuana prices, the company is actively exploring the hemp market to diversify its portfolio. CEO Kyle Kazan emphasized that entering the hemp space would…
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Global Hemp Production – America Last
Read more: Global Hemp Production – America LastHave American Hemp farmers become too focused on CBD and not focused enough on the rest of the plant? Here’s a breakdown of where America stands on Hemp production globally. 🇨🇳 China: First Place. Unquestionably the heavyweight champion. While exact figures are debated, China is estimated to account for roughly 50-70% of global hemp…
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The Role of Cannabis and Hemp in America’s Economy Before Prohibition
Read more: The Role of Cannabis and Hemp in America’s Economy Before ProhibitionCannabis and hemp were integral to the development of the U.S. economy from its colonial era through the early 20th century. Hemp, in particular, was one of the most versatile and widely cultivated crops, used for a variety of industrial, agricultural, and medicinal purposes. Before it was outlawed, cannabis and hemp played significant roles in…
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CBG – Is Cannabigerol the Next BIG Nootropic?
Read more: CBG – Is Cannabigerol the Next BIG Nootropic?Cannabigerol (CBG) is increasingly recognized as a nootropic, a class of substances that enhance cognitive function, particularly in areas like memory, mood, and stress management. Recent studies have demonstrated CBG’s potential in improving verbal memory, reducing anxiety, and alleviating stress without the intoxicating effects commonly associated with cannabinoids like THC. For instance, a clinical trial…
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Capitalism – The Cannabis Economy
Read more: Capitalism – The Cannabis EconomyThe Growth of Legal Cannabis and Hemp: Sales, Trends, and Projections from 2020 to 2025 The global cannabis and hemp industries have undergone significant transformations since 2020, driven by legalization efforts, shifting consumer attitudes, and growing demand for cannabis-based products. Both industries have experienced rapid growth, with annual sales numbers steadily increasing, and forecasts suggest…