Happy Thursday, Cannabis Investors! For the first time ever, the number of Americans who regularly consume cannabis has surpassed those who regularly drink alcohol.

Plus, a New Jersey court upheld cannabis legalization despite the federal marijuana ban. Perfect timing! The Benzinga Cannabis Market Spotlight event in New Brunswick, NJ is coming to town on June 17.

Also, want to win $5,000? Pitch your cannabis business and win thousands in prizes at the Benzinga and Curaleaf Competition.

On The Go: Check out the newest episode of Cannabis Insider, also available on Apple and Spotify.

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TOP STORY

Who Is Buying Marijuana And Why?

Briefly: A recent report offers in-depth insights into the behaviors and profiles of contemporary cannabis consumers.

So Basically: The report reveals distinct user profiles for THC and CBD consumers. The former tends to be younger Gen Z and Millennials, with 61% using cannabis daily or weekly.

So Then: In contrast, CBD users are generally older, with a significant portion of Baby Boomers who consume CBD less frequently, typically less than weekly.

So What? This age disparity translates into different spending habits. THC users spend between $26 and $100 monthly, while CBD users tend to spend less than $25.

What Next: The report indicates a stable or growing market, with 83% of THC users maintaining or increasing their usage over the past year and 89% expecting to do so in the coming year.

Click here to read more.

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ZINGERS

Make America Green Again: U.S. Cannabis Legalization Has Bipartisan Support

Mastering Cannabis Logistics: Learn From Talaria's CEO Why They Lead In Distribution, Cash Management And Delivery

$514M Tax Breaks Await This Marijuana Company With Rescheduling, Market Cap Set To Soar

Pre-Tax Cannabis Benefits & Reduced Copays: How CannaPlan Optimizes Healthcare With Opioid Alternatives

Curaleaf's 'Rooted In Good' Drives Diversity In The Cannabis Industry

ONE MORE FOR THE ROAD

NFL Players Arrested For Cannabis Possession In Kansas

Briefly: Reigning Super Bowl champions the Kansas City Chiefs are in the dog house, after offensive tackles Wanya Morris and Chukwuebuka Jason Godrick were arrested last week on misdemeanor cannabis possession charges.

So Basically: While the NFL's stance on cannabis has loosened over the years, possession of even small amounts of marijuana remains illegal in Kansas.

So Then: The arrest news conflicts with Biden administration's statement on social media, stating, “No one should be in jail for merely using or possessing marijuana.”

So What? Travis Kelce, the star tight end of the Kansas City Chiefs estimated that between 50% to 80% of all NFL players consume marijuana, as CBD and THC become popular and proven alternatives to opioids for pain treatment.

What Next: The NFL awarded $1 million in a grant to two teams of medical researchers to study the effects of CBD on pain management and neuroprotection from concussion among elite football players.

Click here to read more.

KEEP READING

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