420 with CNW — Demand for Marijuana Seeds Booms as Legalization Spreads

Demand for cannabis seeds in America is surging. A wave of cannabis reform has left medical marijuana legal in 38 states, and recreational cannabis is now legal in 23 states. Now that thousands of commercial cultivators across the country can legally grow and produce cannabis, demand for seeds in the United States is skyrocketing.

State-level recreational cannabis policies that allow home cultivation have also contributed to the increase in marijuana seed demand. Since cannabis seeds barely contain any THC and have no potential for abuse, the law essentially treats them like any other seed.

In Minnesota, residents were lining up at cannabis stores to buy seeds the same day the state legalized recreational cannabis. Jordan, Minnesota-based shop Strains of the Earth saw a “huge influx” of Minnesotans looking for and buying seeds on Aug. 1, 2023, the day Minnesota legalized adult-use cannabis.

Owner Jim Cramond says he had uncountable social media requests asking if marijuana seeds were available, and the company served a steady stream of customers throughout the day. Cramond predicted that he would need to restock every three months, but demand for cannabis seeds has been so high he has to order new stock every week to keep up.

Hammond began teaching courses on how to grow seeds into healthy, bud-producing cannabis plants in September and soon had hundreds of customers attending his tutorials without any social media promotion.

Millions of Americans now live in a state with legal recreational cannabis, and interest in home cultivation is on the rise. For Americans who pride themselves on self-reliance and want to consume contaminant-free cannabis, home cultivation allows them to grow their own cannabis from seed to bud without any outside aid. Home cultivation is also a much more affordable alternative to buying cannabis flower as legal recreational cannabis tends to be quite expensive.

Additionally, it is the only way states such as Minnesota where legal sales haven’t officially launched can legally possess cannabis. Minnesotans who don’t want to wait until 2025 when regulators are done setting up a retail market can only access recreational legal cannabis through seeds and home cultivation.

Virginia residents are also stuck in a gray area where the state has legalized the possession and use of recreational cannabis but still hasn’t set up a commercial market. Smoke shops and horticulture companies in Virginia are now selling seeds and donating them in some cases to satiate residents’ demand for adult-use cannabis.

This surging demand for marijuana seeds and products bodes well for ancillary entities such as Innovative Industrial Properties Inc. (NYSE: IIPR) since they are also likely to see growing demand for their products as the cannabis industry grows its reach across the country.

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CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW — Studies Assert Cannabis’ Safety over Tobacco

Approximately twice as many individuals in the United States perceive that smoking cigarettes poses a more substantial threat to one’s well-being compared to smoking cannabis, and they are correct. Numerous investigations examining the prolonged health consequences of inhaling marijuana smoke dispel the myth that cannabis carries the same well-established detrimental respiratory risks as tobacco.

A case in point is the federally funded study conducted at the University of California where researchers examined the lifetime risk of developing lung cancer among more than 2,000 individuals who were long-term users of marijuana and tobacco or abstained from smoking. The results revealed that those who habitually indulged in tobacco smoking were confronted with a lung cancer risk 20 times higher than nonsmokers, while those who exclusively smoked marijuana showed no increase in their risk.

The lead author of the study expressed that the team’s initial hypothesis of a positive link between marijuana use and lung cancer was entirely refuted as the findings indicated no association and even suggested a potential protective effect.

In a more recent study, a group of healthcare experts contributing to the “Chronic Obstructive Pulmonary Diseases” journal ascertained that past or current cannabis smokers, regardless of cumulative lifetime consumption, did not experience a progression or onset of COPD.

Various other studies assert that the carcinogenic properties of cannabis smoke do not rival those of tobacco and individuals who exclusively use marijuana are exposed to fewer carcinogens and toxicants. Some scientists also propose that the anticancer properties of cannabinoids may mitigate the potential harms associated with inhaling smoke.

Recent research published in the “American Journal of Respiratory and Critical Care” reiterates the distinction, emphasizing that cannabis impacts lung function differently from tobacco. The consequences of widespread cannabis use do not necessarily mirror the harm attributed to tobacco smoking.

A review paper, authored by researchers at the University of Arkansas, unambiguously underscores the contrast, stating that the evidence regarding marijuana stands in stark contrast to the consistent proof of harm from tobacco, the world’s most lethal legal substance. Any conceivable toxicity related to marijuana pales in comparison.

This is not to imply that exposure to cannabis smoke is completely harmless. Marijuana smoke does contain some of the same toxins and particulates found in cigarette smoke. Certain studies have linked cannabis smoking to transient increases in sputum production, wheezing and an elevated bronchitis risk.

Nonetheless, adopting a vaporizer can substantially diminish exposure to combustive toxins. Laboratory research demonstrates that herbal marijuana vaporizers serve as an effective and safer medium for delivering THC, avoiding the inhalation of combustion byproducts. Furthermore, marijuana compounds can be incorporated into a diverse array of products that negate the need for smoking, including edibles and beverages.

The consistent message conveyed by these studies is unmistakable: the disparities in risks between marijuana and tobacco smoke are undeniably significant. This provides additional validation for the belief by enterprises in the cannabis space such as Curaleaf Holdings Inc. (CSE: CURA) (OTCQX: CURLF) that not only has marijuana been unfairly maligned for decades, its supposed risks have also been grossly exaggerated by prohibitionists.

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420 with CNW — Five Years On, Stigma About Marijuana Still Persists in Canada

Canada legalized recreational cannabis in October 2018 via the Cannabis Act and allowed the cultivation, production, import, export, distribution, purchase, sale and consumption of recreational cannabis by legal adults. The country’s cannabis industry reached $4.4 billion in value in 2022 and is expected to hit $7.7 billion by 2026.

However, even though around 27% of the population has reportedly used cannabis in the past 12 months and recreational cannabis has been legal for half a decade now, stigma about cannabis still persists throughout the country.

Legalization was swiftly followed by a rush of new cannabis shops in several Canadian cities, but many users still contend with cannabis-related stigma. Kate Grimmell, a budtender in LaSalle-based Greentown Cannabis, gives the example of her favorite customer, an elderly woman who still hasn’t told her daughter she uses cannabis and hides her purchases to keep her consumption secret.

While some Canadians are open about their cannabis use and treat the drug the same way they would treat buying alcohol at a liquor store, some people go to great lengths to hide the fact that they use cannabis, Grimmell says. Such people refuse to create accounts with cannabis dispensaries to avoid leaving a paper trail because they are worried about what other people would think if their cannabis use was discovered.

Canadian law has also severely limited the recreational cannabis industry’s ability to market and advertise itself. Facebook and Instagram’s parent company Meta has banned cannabis marketing on all its platforms as well. In addition, Google does not allow ads that promote the sale and use of marijuana.

Greentown Cannabis’s operator Katzman Enterprises vice president Palash Tiwari explains that cannabis stores cannot advertise on billboards. Tiwari says that while the recreational industry is grateful to the government for issuing many cannabis licenses, restrictive cannabis marketing policies severely limit the sector’s ability to reach customers.

According to Windsor-Essex County Health Unit (WECHU) director of public health programs Eric Nadalin, recreational cannabis legalization has been accompanied by a “slight increase” in cannabis-related emergency room visits and hospitalizations. WECHU’s data shows that there were only 76 marijuana-related hospitalizations per 100,000 Canadians in 2018; however, the number ballooned to 101 in 2021.

Nadalin says the increase is due to accidental cannabis poisonings, traffic accidents caused by intoxicated driving and marijuana’s effect on young brains. He noted that we should ensure members of the community are aware of the risk of consuming “legal but harmful” products like alcohol and cannabis.

The persisting stigma against people who use marijuana either for medical or recreational reasons may be having some impact on the licensed companies that are active in this regulated industry, such as Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON), in one way or the other.

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420 with CNW — Marijuana Wholesalers Opt for Island-Hopping in Hawaii

Several medical cannabis companies in Hawaii have pioneered a new sales route in the state that involves delivering wholesale cannabis flower and other cannabis products from one island to another. Hawaii legalized medical cannabis in 2000 via the state legislature and has only eight licensed medical marijuana dispensaries scattered across the archipelago.

The island state’s unique topography may have allowed for the growth of this new sales route as medical marijuana businesses strived to increase their reach and serve as many Hawaiians as possible.

Hopping between islands by boat, helicopter or plane is common for both residents and visitors, and cannabis businesses in the state are leveraging established transportation pathways to deliver their products across various islands. Although these businesses haven’t been quick to share how they move their products between islands, likely to avoid legal and other issues, it is clear that they are island hopping to serve the thousands of medical marijuana patients in the state as efficiently as possible.

This new process is in a legal gray area because traveling between islands in Hawaii requires moving across federal waters — and federal law still outlaws cannabis. Hawaii legislators allowed cannabis operators in the state to island hop in June when they legalized wholesale marijuana sales by state-licensed firms to cannabis businesses on other islands. The interisland trade route officially became legal in August, and cannabis operators in Hawaii have been quick to take advantage.

Big Island Grown was the first company to complete Hawaii’s first cannabis wholesale interisland deal with Kauai-based Green Aloha dispensary. Green Aloha sold out of Big Island Grown’s cannabis flower in only slightly over a week at its dispensaries in Koloa and Kappa, Big Island Grown CEO Jaclyn Moore says.

Big Island Grown is also the sole licensed hydrocarbon extractor in Hawaii, and it is currently seeking Hawaii State Department of Health approval to deliver concentrates such as live resin vape pens and gummies wholesale to retailers. Moore says the cannabis company noticed a market for cannabis concentrates on the other islands that don’t have hydrocarbon extractors. The company now supplies around 30% of all weighted marijuana products in the Hawaiian market, Moore says.

Moore declined to discuss specific details on logistics and cannabis transportation, citing worker safety and the inherent sensitivity of the issue.

Big Island Grown and other companies may be using commercial flights and island-hopper planes, commercial boats and private charters to move their products between islands.

Given the challenging operational environment that cannabis companies often have to contend with, it isn’t surprising that island hopping has become the norm. Even large companies such as Canopy Growth Corp. (NASDAQ: CGC) (TSX: WEED) operating in large markets such as Canada also have their own regulatory issues to navigate.

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420 with CNW — Cannabis Banking Law Complicated by Conflicting Priorities, House Speaker Issues

The U.S. marijuana industry received a boost of positive news from Washington, D.C., in late summer, but the road ahead may not be as smooth as initially hoped. There are fresh challenges that may hinder the passage of cannabis banking reform in Congress.

On the positive side, experts on Capitol Hill believe that the U.S. Senate is likely to approve the SAFER Banking Act. The act offers protections for financial institutions serving state-legal marijuana businesses, shielding them from federal prosecution. The legislation successfully passed a significant Senate committee in late September. However, complications unrelated to the banking reform or marijuana are currently clouding the outlook. Much of the congressional business is at a standstill due to ongoing internal conflicts within the House of Representatives.

The Republican Party, which holds a slim majority, has yet to choose a new speaker following the ousting of Rep. Kevin McCarthy. Moreover, when legislative activities do resume, they will be preoccupied with other pressing priorities, including averting a government shutdown and addressing the escalating conflict in Israel.

Another complicating factor is the opposition to marijuana policy reform by key House members, including Representatives Steve Scalise and Jim Jordan, both of whom were nominated for speaker. Scalise eventually dropped out of the speaker race due to insufficient support, leaving the House Republicans in turmoil.

Despite these challenges, the Senate appears to maintain a positive outlook. Majority Leader Chuck Schumer is determined to pass the SAFER Banking Act and intends to introduce a “SAFER-plus” package, combining provisions related to gun ownership rights and marijuana arrest-record expungements.

A full Senate floor vote for SAFER Banking could happen in the upcoming work period, with David Culver, a senior vice president for public affairs at the U.S. Cannabis Council, expressing optimism. However, the House must also approve the bill, and it may not be as straightforward as the Senate.

While the full House passed the predecessor to SAFER Banking, SAFE Banking, multiple times, the current bill faces opposition from House Republicans due to specific language regarding Operation Chokepoint. This challenge requires further negotiations, competing for time and attention with pressing international issues and potential government shutdowns.

As the year progresses, the 2024 presidential election will further complicate the legislative calendar. Congress is expected to have limited attention for standalone bills as election season gains momentum, making the window for passing the bill narrow.

Nonetheless, there are still potential positive developments on the horizon, particularly with the Biden administration’s rescheduling recommendation in August. The recommendation, if implemented, could alleviate federal tax challenges for marijuana businesses.

Some industry executives see this as a sign that SAFER Banking, while important, may not be as critical as other ambitious bills, including federal legalization and the potential for interstate commerce.

Cannabis companies such as Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) will be looking forward to the enactment of federal cannabis banking legislation so that some of the operational challenges they face, especially in accessing financial services, ease.

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420 with CNW — Senate Vote on Cannabis Banking Delayed Until Assurance of House Passage Obtained

Senator Steve Daines, the lead Republican Senate cosponsor of a bipartisan cannabis banking bill, has revealed that a planned floor vote is on hold until he can be certain that the measure will pass in the GOP-controlled House, according to a conversation between him and Rob Sechrist, a marijuana financing executive. Daines emphasized that he wants to ensure the bill’s success in the House rather than seeing it “die” there.

This marks a significant shift in rhetoric, as Chuck Schumer, the Senate Majority Leader, had previously expressed his intent to bring the Secure and Fair Enforcement Regulation (SAFER) Banking Act to the Senate floor without mentioning any dependence on House dynamics. However, given the uncertain House dynamics and the recent removal of Rep. Kevin McCarthy as House speaker, Daines is taking a cautious approach.

The House’s changing political landscape has raised doubts about the fate of the cannabis banking bill. Advocates are closely watching the selection of the new House speaker, as their stance on cannabis reform could affect the bill’s chances. Several potential candidates have emerged, but their positions on cannabis reform vary, making the bill’s fate uncertain.

The absence of a House speaker also means that no legislation can advance in the House, which further complicates the bill’s prospects. With various pressing priorities for Congress, including funding the government and providing aid to Israel, the bill’s floor time is limited.

In addition to these challenges, there is uncertainty about the nature of the bill the GOP-controlled House would be willing to pass. Schumer has discussed amending the bill to include measures such as expunging prior cannabis records and protecting gun rights for marijuana users. Senator Raphael Warnock and others have suggested equity-centered amendments, but disagreements persist.

The bill had already faced delays due to partisan disagreements over certain sections favored by Republicans, particularly regarding ideological discrimination. While lawmakers have revised the bill, concerns remain, and reaching a consensus between the House and Senate remains a challenge.

Some Republican senators, including Tom Cotton and Chuck Grassley, have expressed concerns about the bill, with differing interpretations of Schumer’s intentions to amend it. Additionally, a group of senators, including Pete Ricketts, John Cornyn, Ted Budd and James Lankford, wrote a letter opposing the SAFER Banking Act, citing concerns about the cannabis industry and the banking system’s integrity.

Despite bipartisan momentum, a recent survey revealed that only about 1 in 10 congressional staffers believes the marijuana banking bill will pass this year, indicating the uncertain outlook for the legislation.

Companies such as Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) will probably follow the goings-on on Capitol Hill to see whether marijuana banking is finally eased and the industry gets a chance to access capital like other legal businesses.

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420 with CNW — Former White House Drug Chiefs, DEA Heads Warn that Rescheduling Cannabis Would ‘Supersize’ Marijuana Industry

Five former White House drug chiefs and six former heads of the U.S. Drug Enforcement Administration (DEA) have warned the Biden administration that rescheduling marijuana would “supersize” the country’s cannabis industry. The former White House drug czars and DEA heads sent current DEA administrator Anne Milgram and Attorney General Merrick Garland a letter stating their opposition to the U.S. Department of Health and Human Services (HHS) recommendation that the DEA reschedule marijuana.

The HHS made the recommendation in August, nearly 11 months after President Joe Biden ordered the health agency to begin a review of marijuana’s federal status. Federal law currently classifies cannabis as a Schedule I drug with an incredibly high potential for abuse and no accepted medical use, similar to drugs such as heroin and cocaine.

Given that a multitude of studies have proven that cannabis does have medical applications and dozens of states have legalized the plant for medical use, President Biden and the HHS believed a review of cannabis was in order. However, a letter sent to the DEA administrator and the U.S. attorney general noted that moving cannabis from Schedule I to Schedule III would have the potential to supersize America’s cannabis industry through the provision of tax relief and normalize the market even further.

Furthermore, the letter noted that rescheduling cannabis and limiting criminal penalties for trafficking would eliminate a crucial tool used by federal agents to prosecute drug cartels.

That claim is contested by legal experts who point out that marijuana trafficking penalties aren’t tied to the controversial plant’s federal status under the U.S. Controlled Substances Act (CSA). Cannabis trafficking penalties are typically based on weight, resulting in stiffer penalties for individuals who traffic large amounts of cannabis. As such, federal drug policy attorneys such as Shane Pennington say it is unlikely that rescheduling cannabis would also reduce penalties for trafficking offenses.

Some scholars say rescheduling cannabis at the federal level would have an impact on criminal penalties under the Controlled Substances Act. If the DEA does reschedule cannabis, prosecutors and judges would have the discretion to impose lower penalties for cannabis-related offenses like trafficking.

The letter to the DEA administrator and attorney general also says that rescheduling the drug would provide an opportunity for businesses to avoid IRS Section 280E and deduct business expenses, resulting in a supersized industry.

All that the cannabis industry, including major enterprises such as Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), hope is that federal marijuana policy is revised to let the industry operate as freely as actors in other sectors.

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420 with CNW — Study Says Marijuana Users Fared Better with COVID-19

Recent research presented at a conference in Hawaii indicates that individuals who contracted COVID-19 and who had used cannabis experienced more favorable outcomes and a reduced mortality rate compared to those who didn’t. These findings were shared during a presentation at the annual meeting of the American College of Chest Physicians (CHEST).

To carry out the research, a team of scientists scrutinized the medical records of more than 320,000 patients collected from the U.S. National Inpatient Sample, a database monitoring hospital admissions and outcomes. Any patients under the age of 18 years old or those with incomplete information were excluded from the study. Among the patients surveyed, only 1% — 2,603 patients — reported cannabis use.

These patients were classified into two groups based on their cannabis usage. To ensure comparability, the data from the study was employed to match cannabis users with nonusers in a one-to-one ratio based on factors such as gender, race, age and 17 other comorbidities, including chronic lung conditions. The research findings revealed a significant contrast between marijuana users and nonusers, with cannabis users displaying a notably lower mortality rate (2.9% versus 13.5%). Furthermore, cannabis users experienced significantly fewer COVID-19 complications such as multiorgan failure, acute respiratory distress syndrome and intubation.

The analysis brought to light that, on univariate assessment, cannabis users exhibited notably lower rates of intubation (6.8% versus 12%), acute respiratory distress syndrome (2.1% versus 6%), acute respiratory failure (25% versus 52.9%), severe sepsis resulting in multiorgan failure (5.8% versus 12%), in-hospital cardiac arrest (1.2% versus 2.7%) and mortality (2.9% versus 13.5%). The authors underlined the clinical implications of these findings and urged further exploration of the potential association between COVID-19 outcomes and marijuana use.

Research into potential links between marijuana and COVID-19 has been relatively scarce. In 2022, a study found that among patients hospitalized with COVID-19, cannabis users exhibited milder COVID-19 symptoms and markedly improved health results. Another study conducted the same year also indicated that marijuana use was associated with a reduced risk of contracting COVID-19, though it was also correlated with more severe infections.

Additionally, in 2022, researchers from the University of Oregon conducted a laboratory study that suggested marijuana compounds could prevent COVID-19 infection in human cells. These findings have prompted further investigations into cannabis as a potential treatment for COVID-19.

The recent study, titled “Exploring the Relationship Between Cannabis Smoking and COVID-19,” has been published in this month’s supplement to the peer-reviewed “CHEST” Journal.

This study, together with more scientific literature that is becoming available, gives further credence to the concept of medicinal marijuana and encourages entities such as Tilray Brands Inc. (NASDAQ: TLRY) (TSX: TLRY) to keep developing more medical cannabis products for their clients.

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420 with CNW — Poll Shows NJ Residents Say Marijuana Use Rights Override Inconvenience of Smell

A recent New Jersey poll has revealed that people are increasingly noticing the smell of marijuana more than a year into cannabis legalization. However, many residents seem to be unbothered by the often pungent smell, and even more believe that drunk driving is “very dangerous’” in comparison to driving under the influence of marijuana.

The Stockton University’s Hughes Center for Public Policy poll found that 31% of the respondents believed that cannabis use laws superseded the right to not smell marijuana from a neighbor’s house. The study also reported that 46% of respondents said both rights were of equal importance while 16% believed the right to not smell cannabis from neighbors was more important than cannabis use laws.

However, even though cannabis users in New Jersey have legal means for accessing the drug, only 14% of New Jersey residents said they smelled cannabis from neighboring houses often, 15% said they sometimes smell the controversial drug and 21% reported that they rarely smelled cannabis from their neighbors.

Conversely, 57% of adults in New Jersey said they have smelled cannabis in public since legalization, with 29% saying they catch the smell often and 28% saying they catch it sometimes. An estimated 31% of the respondents said they rarely smell cannabis while out in public, and 9% said they have never smelled marijuana in public.

Hughes Center director John Froonjian said that while there was much excitement about the legalization of recreational cannabis in New Jersey, policymakers didn’t put a lot of thought into the issue of public cannabis use. Without any legal places for people to consume their cannabis, many people are opting to consume the drug at festivals, on the streets, in parking lots and in parks.

Given marijuana’s extremely pungent smell, burning cannabis is quite distinctive, and the aromatic odors from the substance can travel for up to 82 feet before fully dissipating. A whopping 90% of respondents said they could identify the smell of cannabis while 52% said they had zero issues with the smell. Another 28% reported being “somewhat” bothered by the smell, and 19% said that the pungent aroma bothered them “a great deal.”

Unsurprisingly, 55% of people who consumed cannabis said one’s right to use cannabis at home overrode a neighbor’s right to not smell the plant in their residence while only 21% of noncannabis users had the same opinion. In addition, 75% of users and 91% of nonusers said that driving while under the influence of cannabis was dangerous, while 52% of consumers and 81% of nonconsumers said they supported roadside tests to determine driver impairment levels.

This huge enthusiasm for marijuana in New Jersey is likely to give rise to successful companies along the lines of Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) and other companies thriving in other legal cannabis markets in the U.S.

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420 with CNW — Marijuana Classes Register Explosive Demand Growth in Wake of Minnesota Legalization

Several months after Minnesota Governor Tim Walz signed a recreational cannabis legalization measure into law and nearly two months after the legislation took effect, the state has seen a significant increase in demand for marijuana classes. Minnesota is a relatively late entrant into the recreational cannabis game, but Minnesotans proved that they overwhelmingly supported legalization via a ballot vote, and they are now eager to learn as much as they can about the often-controversial plant.

According to Minnesota Cannabis College president Tanner Berris, demand for marijuana classes across the state is huge as many residents are itching to tap into the recently launched recreational cannabis industry. Berris says the college has been receiving calls every day, every hour from people who would like to become part of the cannabis industry by either opening a cannabis business or getting a job in the nascent industry.

Although the college’s marijuana program isn’t accredited, the nonprofit has been able to expand from its hemp roots to recreational cannabis now that the state has legalized adult-use marijuana. The college’s goal is now to provide support to entrepreneurs interested in joining the cannabis sector and provide them with the training they will need to flourish in the industry. The school will soon start to offer classes on cannabis cultivation, business management, and “budtending” training to people who want to work in retail cannabis stores.

Since Minnesota’s recreational cannabis law won’t allow the launch of retail marijuana dispensaries until 2025 (with the exception of some tribal nations), interested entrepreneurs have plenty of time to learn about cannabis commerce before official sales commence.

In the meantime, state law currently allows Minnesotans to cultivate up to eight cannabis plants at home.

Although the Minnesota Cannabis College began offering cannabis cultivation classes in reaction to home cultivation laws, the nonprofit is more interested in providing business-related cannabis knowledge. Berris says the most surprising thing has been the number of Minnesotans who have expressed interest in launching their own business. This includes people who use cannabis either sporadically or regularly as well as people who don’t use cannabis but are entrepreneurs who noticed a business opportunity in Minnesota’s burgeoning cannabis sector and are looking for industry-specific information before taking the plunge. Berris says all of the cannabis classes at the nonprofit are full.

Minnesotans interested in an online cannabis education certificate can also head to St. Cloud State University for programs that cover cannabis healthcare and medicine, cannabis compliance and risk management, cannabis agriculture and horticulture, and business of cannabis.

This explosive interest in Minnesota could be signaling to entities operating elsewhere, such as SNDL Inc. (NASDAQ: SNDL), that the cannabis industry still has plenty of room for growth, and any policy changes at the federal level will probably take this growth to a whole new level, bringing massive opportunities to sector players.

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