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Illinois releases Cannabis Report FY2024 (IDFPR portion)

Illinois News Joint

The 144-page report, compiled by the Cannabis Regulation Oversight Office (CROO), incorporates data from several state departments. This growth has allowed for the creation of new jobs, increased access to cannabis for consumers, and shows the State’s commitment to social equity in its cannabis programs.”

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Will Texas Ban Hemp Products?

Veriheal

THC, and effectively restricts access to THC products exclusively to the states Low THC medical program. At the same time, consumersespecially those who use hemp products for medical reliefcould struggle to access the products they depend on if lawmakers tighten restrictions. billion in 2023 to $4.3 billion in 2025.

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MDMA Failed to Receive FDA Approval: What Happens Next?

Veriheal

Drug company Lykos Therapeutics, which had filed the new drug application for MDMA therapy , was informed by the US Food and Drug Administration (FDA) that the data submitted was insufficient to receive approval, requesting that the company conduct an additional Phase 3 trial to further test the safety and efficacy of the drug.

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Medical Cannabis May Not Lead To Cognitive Impairment, New Study Reveals

Veriheal

Another study on cannabis use among older adults published in early 2023 reported that long-term cannabis users between the ages of 50 and 84 had better cognitive function than people of the same age who don’t consume cannabis. Fortunately, this type of study is becoming more common.

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Ohio’s Recreational Cannabis Market Landscape and Projections

Veriheal

Ohio’s Cannabis Landscape: Current Status and Future Outlook Ohio’s medical marijuana program, first launched in 2016 , brought legal access to patients managing certain debilitating conditions, but it took three years for dispensaries to open up due to regulatory challenges. The pressure is on to capture this budding market.

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FinCEN Reports on Cannabis Banking and the SAFER Act

Veriheal

According to quarterly data presented by the US Treasury Department, over 800 banks and credit unions have filed paperwork with the United States government to state their relations with cannabis businesses. This hurdle has historically prevented the big traditional banks in the country from investing in the industry.

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New Research Shows How Medicinal Cannabis Eases Cancer Pain and Reduces Opioid Dependence

Veriheal

A new 2023 study published in BMJ Supportive & Palliative Care suggests that cannabis could be the answer millions of cancer patients have been looking for. Conventional pain management strategies, such as opioids and other medications, can sometimes fall short in providing lasting relief or cause undesirable side effects.