Study Finds Patients Choosing Cannabis Over Opioids

weed not opiates

Research shows people with chronic pain or mental health issues prefer taking cannabis over prescription opioid medications to treat symptoms By Amy Wallace CANADA: Researchers from the University of British Columbia and the University of Victoria have found patients prefer cannabis over opioid medication to treat chronic pain and mental health issues. “This study is Read the full article…

Developments In The Legal Cannabis Industry

These modifications will streamline the research process regarding CBD’s possible medicinal value and help foster ongoing scientific studies.

NEW YORK: A report published by The Hemp Business Journal estimates that the Cannabidiol (CBD) market will grow to a $2.1 billion market in consumer sales by 2020 with $450 million of those sales coming from hemp-based sources. In 2015, the market for consumer sales of hemp-derived CBD products was $90 million, plus another $112 million in marijuana-derived CBD products which were Read the full article…

Cannabis Market Creating Jobs

Sponsored by the Marijuana Business Association, MJBA Job Fair Seattle will bring together Washington State’s top cannabis industry employers and HR professionals with the local job seekers.

NEW YORK: The fast-growing cannabis market is expected to create more jobs in the United States. According to the 2017 Legal Marijuana Outlook, published by New Frontier Data, the cannabis industry is expected to create 283,422 jobs by 2020, with an implied growth rate of more than 17 percent compounded over the next four years. The accelerating Read the full article…

Cannabis Market Brings In Significant Tax Revenues

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The cannabis market is experiencing significant growth due to the accelerating pace of cannabis legalization in the United States. According to a research report published by Technavio, the global legal cannabis market will grow at an impressive CAGR of around 37% between 2016 and 2020. The report indicated that rapid adoption of cannabis by individual consumers Read the full article…

Legal Cannabis Market Projected to Grow as Consumers Spend More

Marijuana is big business

NEW YORK: Legal cannabis sales in the North American market are expected to grow rapidly as consumers spend more every year on legal cannabis. According to a new report from Arcview Market Research, people in America and Canada spent $56.4 billion on cannabis in 2016, while about $6.9 billion came from the legal recreational and medical cannabis market, a 34 percent up Read the full article…

Herbonomics: Looking at Portland, OR Cannabis Licensing Trends

he data speaks volumes. How is it that only 16 non retail marijuana licenses have been issued in four months. This is creating extreme economic hardship for many businesses.

By Beau Whitney OREGON: In advance of my talk this week at the CCC Show in Portland, I want to share an analysis I put together on the City of Portland, Office of Neighborhood Involvement Marijuana Licensing. I initially reported on this in a press release of a white paper published on 12/12/16. Although there has Read the full article…

Colorado Government Reports $1.3 Billion In Marijuana Sales Generated Nearly $200 Million In Tax Revenue in 2016

The legal cannabis market is big, and getting bigger

COLORADO: The Marijuana Policy Project issued the following statement in response to the Colorado Department of Revenue’s announcement that $1.3 billion in regulated marijuana sales took place in calendar year 2016, generating nearly $200 million in state tax revenue. These figures do not include millions of dollars in revenue generated by local taxes on marijuana. Read the full article…

New Luxury Cannabis Brand Brings Haute High To Cannabis Consumers

Cannabis goes upscale with Toast brand

NEW YORK: As the Cannabis legalization movement continues to gain momentum across the U.S., a new market has emerged of high-end consumers.  Toast, a luxury, lifestyle Cannabis brand that provides a sophisticated consumer experience, is redefining how consumers enjoy Cannabis. Born in Aspen, Colorado, and bred on the pillars of purity, style, and luxury, Toast a new world Read the full article…

Canada’s Tokyo Smoke Acquires Seattle Cannabis Lifestyle Brand Van der Pop

Tokyo Smoke acquires Van der Pop

CANADA: Tokyo Smoke, a leading Canadian cannabis-oriented lifestyle brand, has acquired Van der Pop, a like-minded cannabis product and experience brand based in Seattle, WA. Run by acclaimed designer and serial entrepreneur of consumer lifestyle brands April Pride, Van der Pop was created in response to a lack of sophisticated product for female marijuana connoisseurs. Women represent a rapidly Read the full article…

Legal Cannabis Market Gains Popularity

Legal cannabis hit $6.4B in 2017

NEW YORK:  The cannabis market is growing rapidly in North American. According to a report from Market Research Future, the North American market size of cannabis is expected to expand at a CAGR over 33% over the period of 2016 to 2021. The report indicates that the U.S., Canada and Mexico are the major markets for cannabis, while the Read the full article…