The Legal Cannabis Market Is Expected to Grow

Marijuana is big business

NEW YORK: According to a research report by New Frontier Data, in 2017 medical cannabis sales are forecasted to grow to $5.3 billion, accounting for 67% of total cannabis sales. By 2025, medical sales in current legal states are forecasted to grow to $13.2 billion, at which point medical sales will account for 55%. Comparatively, adult-use sales Read the full article…

Tilray Completes First Bulk Medical Cannabis Export To Australia Under New Regulations

Tilray mmj products are going Down Under

CANADA: Tilray, a global leader in medical cannabis research and production, today announced it has completed its first import of medical cannabis products into Australia under the country’s new import regulations. The products were produced at Tilray’s federally licensed, GMP-certified facility in Canada and can be dispensed to any patient with a valid prescription. “We are Read the full article…

Delaware Executes Cannabis Tracking Contract With BioTrackTHC

Delaware selects BioTrackTHC

DELAWARE: The State of Delaware Department of Health and Social Services (DHSS), the government agency responsible for regulating the medical use of cannabis in Delaware, has executed the state’s cannabis seed-to-sale tracking and patient registry contract with BioTrackTHC. Delaware’s stated goals for the Medical Marijuana Program include, “protect the people of Delaware by minimizing the risk of theft and Read the full article…

Top Three Best Performing Cannabis Stocks Over The Past Year

stock market

CALIFORNIA: SECFilings.com, a financial news and information portal offering free real time public company filing alerts, announces the publication of an article covering the top three best performing stock of the past year. Companies discussed are AXIM Biotechnologies (OTCQB: AXIM), Supreme Pharmaceuticals, and American Cannabis. #1: AXIM Biotech (+2,445.61%) AXIM Biotechnologies Inc. (OTCQB: AXIM) is focused on developing Read the full article…

MJ Freeway Reports Cannabis Retail Sales For April 20 “4/20″ Holiday Exceeded $45M

4/20 pot sales hit new high

COLORADO: MJ Freeway, a leading provider of seed-to-sale traceability solutions for the cannabis industry, reports that retail sales for the largest marijuana holiday exceeded $45 million, a 20% increase compared to the 2016 holiday. Prior to the holiday, MJ Freeway predicted a 20% increase in retail cannabis sales and a 10% increase in customer traffic. MJ Freeway’s Read the full article…

Revenue Growth In The Legal Cannabis Market

According to sales data from Colorado’s Department of Revenue released Friday, sales of recreational pot topped $59.2 million for the month, while medical marijuana dispensaries pulled in $41.4 million, for a combined $100.6 million — the highest monthly total since legal recreational cannabis sales began there in January 2014.

NEW YORK: A research published by Arcview Market Research indicates that people in North America spent $53.3 billion on legal, medical, and illicit cannabis in 2016. The North American legal cannabis market posted $6.7 billion in revenue in 2016, or up 30% from the year before. The illicit market generated 87% of total pot sales, down from 90% in 2015. The Read the full article…

Marijuana Industry Entrepreneurs Enjoy Hottest Career Opportunities

Marijuana is safer than unemployment

By John Levy The marijuana market is among the fastest growing of all time. It is also becoming more socially acceptable, and as such, many young people are opting for a career in the cannabis industry. According to Forbes, the pot sector will create more employment than manufacturing by 2020. There are many job opportunities Read the full article…

Overview Of The Marijuana-infused Food Regulations

Edibles are changing the marijuana marketplace

By Ian Lebowski Colorado State was the first to be declared cannabis-friendly after legalizing medical marijuana in 2000. During that time, only a few regulations governed distribution and use of the drug. However, certain concerns have led to new rules and guidelines for cultivation, distribution, acquisition and use of marijuana, either for medical or recreational purposes. Read the full article…

Oregon Retail Licensees Required To STOP Collecting, Retaining Consumer Info

OLCC protects privacy of retail transactions.

Collection of Customer Data Ends; Previously Collected Information Must Be Destroyed OREGON: Oregon Governor Kate Brown signed Senate Bill 863 into law on April 17, 2017. SB 863 prohibits marijuana retailers from recording, retaining or transferring information contained on a passport, driver’s license, military identification card or other identification card. What are marijuana retailers required to do? Beginning Read the full article…

Washington State’s Cannabis Tracking Contract Up For Bid

Washington_State_Liquor_Control_Board_Logo

By Bart Schaneman, Marijuana Business Daily WASHINGTON: Washington state regulators have begun accepting bids for a new seed-to-sale tracking system to keep tabs on marijuana commerce, a deal with an initial value of about $3 million. The competition likely will be fierce, given that the contract involves one of the nation’s largest cannabis markets. But businesses Read the full article…