Canada’s cannabis edibles, topicals market could be worth $2.7B a year after legalization: study – Global News

Canada’s cannabis edibles, topicals market could be worth $2.7B a year after legalization: study  Global News

The market for cannabis edibles could be worth roughly $2.7 billion a year, according to a new report. A study by Deloitte found the next phase of cannabis legalization — which will include edibles other alternative cannabis products — could generate higher profits for retailers. WATCH: 6 months until edibles hit the market, Cannabis companies get ready for 2nd round of legalization The report estimates that more than $1.6 billion will be spent annually on edibles and $529 million on cannabis-infused drinks, while topicals, concentrates, tinctures and capsules would combine for more than $4…

A major San Francisco Bay Area city is getting closer to decriminalizing magic mushrooms and ayahuasca – INSIDER

A major San Francisco Bay Area city is getting closer to decriminalizing magic mushrooms and ayahuasca  INSIDER

– Oakland, California Councilman Noel Gallo proposed a resolution to decriminalize naturally occurring psychedelic drugs like psilocybin and ayahuasca in the city, the San Francisco Chronicle reported. – Oakland’s City Council is scheduled to review the resolution on Tuesday. – If the resolution is passed in a vote, Oakland would become the second US city after Denver, Colorado, to decriminalize certain psychedelic drugs. – Denver voted to decriminalize psilocybin on May 7. – Visit INSIDER’s homepage for more stories. Oakland, California, could become the second city in the United States to…

More baby boomers use medical marijuana, but they want their doctors to get wise to the risks and benefits – MarketWatch

More baby boomers use medical marijuana, but they want their doctors to get wise to the risks and benefits  MarketWatch

By Meera Jagannathan Most of the people in a new study used cannabis for pain control. Others took it to treat anxiety, fatigue and nausea A Colorado study shows that older adults want more education and greater openness with their doctors about using marijuana. iStockphoto Baby boomers’ marijuana use has edged upward in the past decade, but recent research suggests some still have a hard time getting a hold of the drug. Older adults want more education, more research and greater openness with their health-care providers about using medical marijuana, according to a qualitative study of old…

Oakland City Council looks to decriminalize ‘magic mushrooms’ after Denver vote – USA TODAY

Oakland City Council looks to decriminalize ‘magic mushrooms’ after Denver vote  USA TODAY

SAN FRANCISCO – First came Denver. And now possibly Oakland, California, will help set the stage for other cities to consider decriminalizing hallucinogenic fungi, or “magic mushrooms.” Tuesday, Oakland’s City Council will vote on whether to direct law enforcement to stop investigating and prosecuting individuals for using or possessing drugs sourced from plants, cacti and – most commonly – mushrooms that contain the hallucinogen psilocybin. Denver’s historic move last month was the result of a narrowly won popular vote. Oakland is the first city to address the issue through its City Counci…