10 Biggest Cannabis News You Missed Last Month. December 2023.

Hey there, cannabis enthusiasts! As we step into the fresh vibes of 2024, let's take a moment to reflect on the whirlwind of a month we've just left behind. December 2023 was chock-full of groundbreaking news in the cannabis industry, and trust me, you wouldn't want to miss a beat. From innovative breakthroughs to shifts in legal landscapes, the cannabis world was buzzing with developments that have set the stage for an exciting new year.

Now, I know you're probably still riding that end-of-year high, filled with resolutions and plans for 2024. But before we dive headfirst into all the new adventures and products (shoutout to our favorites at bddbrands.com!), let's rewind a bit.

So, buckle up, folks! Whether you’re a seasoned cannabis connoisseur or just dipping your toes into the green waters, these highlights from December are sure to spark your interest. They’re not just news; they're the pulse of our thriving community, setting the rhythm for an epic 2024. And remember, while we're reminiscing the past, we're also gearing up for a year of incredible innovations and experiences in the cannabis world. Stay tuned because the best is yet to come!

Are you ready? Let's dive right in and embark on this exciting journey together!

1. State Officials Promote Marijuana Gifting, Infused Baking, And Safety Tips For The Holiday Season

Marijuana regulators all over the country got into the holiday spirit. They gave cannabis as gifts, making delicious infused Christmas cookies and making sure products stayed safe and secure. From California to New Jersey and from New York to Virginia and beyond, these regulatory bodies are connecting with consumers on social media with fun holiday-themed posts. They're spreading the word about their marijuana laws and embracing cannabis culture. How cool is that? Full Story HERE

1. Missouri Regulators Introduce New Bill To Regulate Delta-8 THC Products

Under Senate Bill 984 and House Bill 1328, hemp-derived Delta-8 THC products would be regulated similarly to cannabis. Missouri Sen. Nick Schroer recently introduced Senate Bill 984, also known as the "Intoxicating Cannabinoid Control Act." If passed, this act would label all "intoxicating cannabinoid products" as cannabis. Full Story HERE

1. Rhode Island marijuana sales top $100M in Year One of recreational retail

In the year since recreational retail sales launched in December 2022, combined adult-use and medical marijuana sales in Rhode Island reached a whopping $105 million! Can you believe it? According to data published by the Rhode Island Department of Business Regulation (DBR), this total includes $69.8 million in adult-use sales and $35.1 million in medical marijuana transactions. It's interesting to note that the adult-use total actually exceeded the projected $50 million in sales for the first year, as mentioned in the 2023 MJBiz Factbook. Talk about a booming industry! Full Story HERE

1. CBD-Infused Tampons Are A ‘Promising Option’ To Treat Menstrual Pain, Study Finds

Tampons infused with CBD have been found to provide a significant reduction in pain for severe cramps and menstrual pain, according to a recent study in the Journal of Endometriosis and Uterine Disorders. The authors suggest that these cannabidiol tampons could potentially offer a pain-relieving effect similar to anti-inflammatories but with fewer side effects. It's pretty fascinating stuff!  Full Story HERE

1. Global CBD Market to Hit $36B Over Next Decade, Report Predicts

CBD and other hemp-derived compounds are gaining immense popularity in terms of sales. You won't believe it, but a recent report predicts that the CBD market is on track to reach a whopping $36 billion dollars by 2033! Can you imagine that? Full Story HERE

1. Will Year of the Dragon breathe fire into the marijuana market in 2024?

According to the Chinese horoscope, 2024 is the Year of the Dragon, which represents power, nobleness, luck and, most importantly, success. As the new year approaches, we’re thinking about trends likely to impact state-regulated cannabis markets in 2024. Here are eight predictions! Full Story HERE

1. LSD And Psilocybin Could Be Powerful Treatments For Pain—Without Opioids’ Dwindling Effects Over Time, Study Says

LSD and psilocybin show exciting potential as therapeutic options for chronic pain treatment, both in terms of how they work and the experiences they offer. A newly published literature review sheds light on the scientific findings that are emerging as part of the "psychedelic renaissance" – a recent shift away from stigma and opposition towards psychedelic research after years of prohibition. Full Story HERE

1. UFC Formally Removes Marijuana From Banned Substances List For Professional Fighters

The Ultimate Fighting Championship (UFC) just announced that it's officially taking marijuana off its banned substances list for athletes. They're following the World Anti-Doping Agency's (WADA) lead, but making changes based on historical findings. So, no more cannabis prohibition in the UFC! Full Story HERE 

1. Mississippi marijuana lab sounds alarm on THC, pesticides

So here's the thing: a marijuana laboratory in Mississippi is claiming that cannabis products being sold in gas stations and convenience stores across the state have some potentially dangerous contaminants and way more delta-9 THC than what's legally allowed. Representatives from Steep Hill, Mississippi, the lab operator, tested these products and discovered that some of them contained 12%-14% THC and a whole bunch of pesticides. Crazy, right? This info comes from the Clarion Ledger based in Jackson. Full Story HERE

1. Oregon Weed Glut Continues in 2023

Oregon can't seem to stop growing an abundance of cannabis! According to a recent report from state economists, the state's cannabis producers once again grew too much weed this year. It's been a never-ending struggle for Oregon's regulated pot industry, with this surplus of marijuana causing quite a headache. Full Story HERE

And there you have it again! Embrace the opportunity to make the most of it by expanding your market with these new trends. Remember to subscribe to our newsletters and explore www.bddwholesale.com, where you'll find an extensive collection of top-notch smoke shop products and exciting new weekly arrivals. Stay tuned how the industry opens this 2024, fam! We'll serve even more mind-blowing industry news to keep you on the edge of your seat! See you soon and Happy New Year!