Tobacco

The number of Americans who use both cannabis and tobacco products is increasing, particularly among older adults, according to Duke University School of Medicine researchers.

New York regulators on Thursday shut down multiple unlicensed cannabis shops in Ithaca, Binghamton, and New York City. The companies face fines of up to $10,000 per day of operating without a license.

Charlotte’s Web Holdings Inc. announced it is partnering with a British American Tobacco subsidiary and AJNA BioSciences to pursue an FDA-approved, full-spectrum hemp extract botanical drug.

According to the latest Gallup poll, more Americans report having smoked cannabis in the past week than tobacco.

Phillip Morris, the maker of Marlboro cigarettes, is reportedly considering a smoke-free entrance to the cannabis space.