The Legal Cannabis Market Contributes to Job Creation

Nearly 900 eager job seekers came to the first Spokane Cannabis Job Fair on 6/20 at the Spokane Convention Center

NEW YORK: New data shows that the growing legal cannabis industry is strongly contributing to job creation. A recent report by New Frontier Data, which provides comprehensive analysis and reporting for the cannabis industry, projects that by 2020, the legal cannabis market will create more than a quarter million jobs for American workers. The legal cannabis Read the full article…

Legal Cannabis Market Gaining Traction

medical marijuana

NEW YORK: The global medical marijuana market is expected to reach a value of USD 55.8 billion by 2025, according to a new report by Grand View Research, the report indicates that together with Washington D.C. 28 states have legalized marijuana for medical uses. In 2016, states such as Arkansas, Florida, North Dakota, Ohio, and Pennsylvania were approved to use the drug in medical applications such as chemotherapies 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…

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…

Spending On Legal Cannabis Accelerates

Big and getting bigger

NEW YORK: The rapid growth of the legal cannabis industry could help spur the U.S. economy. According to a report from The Marijuana Policy Group, the legal cannabis market in Colorado alone created about 18,000 cannabis-related jobs in 2015 and generated about $2.39 billion in economic activity for the state. In 2016, cannabis-related companies employed an estimated 100,000 to Read the full article…

Energy Gluttony of Cannabis Industry Reaches Breaking Point

marijuana grow lights

NEW YORK: A study by the Lawrence Berkeley National Laboratory revealed that legal indoor marijuana-growing operations are highly energy intensive, and are responsible for an alarming percentage of the nation’s total energy use. In California, the top-producing state, indoor cultivation uses about 3% of all electricity use. A single cannabis cigarette represents 1.5 kg (3 pounds) of CO2 emissions, Read the full article…

Medical Marijuana NY-Based Biotech Company Enters Clinical Trials

Controlled-release hemp oil CBD chewing gum and matching placebo gums will be tested for the clinical studies

NEW YORK:  AXIM Biotechnologies, Inc., a world leader in cannabinoid research and development, has entered clinical trials on treating irritable bowel syndrome (IBS) with the Company’s CanChew Plus cannabidiol (CBD) gum at Wageningen University in the Netherlands. Human Clinical Trials Detail Include: Controlled-release hemp oil CBD chewing gum and matching placebo gums will be tested for the Read the full article…

2017 Legal Cannabis Market Developments

Legal cannabis hit $6.4B in 2017

NEW YORK: The future of the legal cannabis market depends on a variety of factors. Politically, some have expressed concerns regarding the incoming elected administration, others feel more optimistic after nine states have voted this election cycle. The results overwhelmingly came in favor of legalization of cannabis for medical and recreational use. Economically, the industry has Read the full article…

The Cannabis Market Enters 2017 On A Strong Footing

2017 will be a big year for marijuana

NEW YORK: Over the recent few years, particularly in 2016, the legal cannabis industry has accomplished some significant milestones. Most importantly is the change of public opinion regarding the use of cannabis, both for medical and recreational purposes. Before the November 8th elections where five states voted on legislation reform, a Gallup poll showed that 60% of Read the full article…