Posts by cited in article

Heir to Wrigley Chewing Gum Fortune Invests $65 Million in Cannabis

The heir of the Wrigley chewing gum fortune, William Wrigley Jr. II, recently announced that he’s investing in the cannabis industry. He infused medical cannabis producer Surterra Wellness, which operates in Florida and Texas, with $65 million. In a recent report by Bloomberg, Wrigley said he hopes to nurture the growth of Surterra using his…

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If You Sell Fake Weed, Prepare to be Sued—in Wisconsin, at Least

The Attorney General for Wisconsin, Brad Schimel, has ordered local retailers – particularly gas stations and convenience stores – to stop selling synthetic marijuana, according to KFIZ radio. The announcement comes after the state’s Department of Health Services verified Wisconsin’s first synthetic cannabis-related death last week. “We cannot allow Wisconsinites, particularly our young people, to…

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The First Quick-Acting Cannabis Pill? This Chicago Company Says It’s Theirs

A Chicago company, PharmaCann, says it’s created the first consistently quick-acting cannabis pill, according to The Daily Herald. While there are plenty of cannabis edibles on the market, including capsules, the company says its pill uses a unique patent-pending system to ensure quick uptake and longer duration. And the cannabis edibles market could use it. Edible…

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Californians Choose the Black Market Over More Expensive, Legal Weed

When California first legalized recreational marijuana, the state’s Budget Office predicted that it would bring in $175 million from sales but a large chunk of buyers are sticking to their dealer. According to a recent report from Eaze Insights, which surveyed 1,750 cannabis users across California and Colorado, one-fifth of Californians have purchased black market marijuana…

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First FDA-Approved Cannabis Medicine Epidiolex to Cost $32,500 a Year

The first-ever FDA-approved CBD-based treatment for epilepsy, known as Epidiolex, finally has a price tag and it’s going to cost patients $32,500 a year. GW Pharmaceuticals, the UK-based company responsible for the recently-approved medication, revealed the cost of their product to investors earlier this week, saying they wanted to ensure that the price was consistent…

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Florida Will Try to Legalize Recreational Marijuana in 2020

The south Florida lawyer who financed the state’s medical marijuana initiative in 2016 is now ready to put recreational marijuana on the ballot in 2020. In late June, attorney John Morgan announced on Twitter that he intends to launch a campaign to legalize cannabis in Florida at the ballot box. The news was well received…

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