Cannabis Tech Boom: Innovations Drive Market to $23.7 Billion by 2030

Technology is rapidly reshaping the global cannabis industry, from seed to sale, according to recent analysis. Innovations across cultivation, processing, tracking, and quality assurance are not only optimizing operations but also fueling significant market expansion. A strategic business analysis report examining the cannabis technology landscape for 2025 highlights a sector poised for exponential growth. The…

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US Cannabis Market Update: Top-Selling Strains in July 2025 Revealed

New data for July 2025 reveals the prevailing trends in the United States cannabis market, highlighting a dynamic landscape where enduring favorites coexist with emerging varietals gaining significant traction. According to a report from The Marijuana Herald, compiled from data sources including industry platforms like Leafly and Headset, as well as official state-level cannabis commissions,…

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Global Cannabis Technology Market Set for Explosive Growth, Poised to Exceed $23 Billion by 2030

Introduction The global cannabis technology market is on the cusp of unprecedented expansion, driven by the rapid legalization of cannabis worldwide and the industry’s increasing need for efficiency and quality. According to a recent strategic business analysis report added to the offering of ResearchAndMarkets.com, this dynamic sector is projected for robust growth in the coming…

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House Bill Threatens US Hemp Industry, Senator Rand Paul Warns Legislation Could “Completely Destroy” Sector

WASHINGTON D.C. – A proposed bill advancing through the U.S. House of Representatives is drawing sharp criticism from within the Republican party, with Senator Rand Paul of Kentucky issuing a dire warning about its potential impact on the burgeoning American hemp industry. According to a report included in the Marijuana Moment newsletter dated July 1,…

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Thailand Curbs ‘Weed Tourism,’ Implements Strict Medical-Only Cannabis Mandate from July 1, 2025

BANGKOK – Thailand, which made international headlines by decriminalizing recreational cannabis use in 2022, is set to significantly reverse course with the implementation of stringent new regulations effective July 1, 2025. These measures effectively end recreational use of cannabis across the country, mandating a doctor’s prescription for all legal purchases, applicable to both tourists and…

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Boxing Icon Mike Tyson, Coalition Urge Trump on Cannabis Reform, Citing Biden’s ‘Broken Pledge’

Boxing legend Mike Tyson, joining forces with a prominent coalition of athletes and entertainers, is publicly pressing former US President Donald Trump to champion significant marijuana reform. The group argues that current President Joe Biden has fallen short on his promises regarding the issue, prompting their shift in advocacy towards Trump. Speaking recently on Fox…

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Alabama Enacts Sweeping Hemp Restrictions: Smokable Products Banned, Age Raised to 21

MONTGOMERY, ALABAMA – A new era for the hemp industry in Alabama commenced on July 1, 2025, as a comprehensive law, House Bill 445 (HB445), officially took effect, implementing stringent new regulations across the state. The legislation significantly curtails the availability of certain hemp-derived products, notably imposing a ban on the sale and possession of…

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Scientific Study Validates SOMAÍ’s Patent-Pending Method for Standardized Medicinal Cannabis Oil

LISBON, Portugal – A significant step towards standardizing medicinal cannabis products has been achieved with the publication of a peer-reviewed scientific study validating a novel process for producing high-quality, full-spectrum cannabis oil. SOMAÍ Pharmaceuticals LDA, an EU-GMP-certified Multi-Country Operator based in Portugal, in collaboration with Lusófona University, the largest private university in the country, announced…

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California Cannabis Tax Hikes Again: State Excise Rate Jumps to 19% on July 1, Impacting Consumers and Businesses

SACRAMENTO, Calif. – California’s legal cannabis market saw a significant shift beginning July 1, 2025, as the state’s excise tax on all cannabis products climbed from 15% to 19% [8, 14]. This four-percentage-point increase marks another step in the state’s evolving taxation policy for the industry, bringing added costs to consumers and intensifying financial pressures…

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