Pot Stocks Gearing Up For Strong 2018 As Cannabis CBD Frenzy Intensifies

Introducing the CCC

FLORIDA:  The hemp, cannabis and marijuana industry is booming while more and more retail investors are really taking notice. According to Cowen & Co., legal marijuana sales in the U.S. have the opportunity to reach $50 billion annually by 2026, with cannabis research firm ArcView projecting compound annual growth of 26% in North America through 2021. The cannabidiol (CBD) market Read the full article…

Data Reveals Optimism Regarding Legal Cannabis Sales

Marijuana is big business

NEW YORK: According to a report by New Frontier Data, medical cannabis sales in 2017 are forecast to grow to $5.3 billion, which represents 67% of total cannabis sales. The report estimates that by 2025, medical sales in current legal states are forecast to grow to $13.2 billion, which will account for 55% of total cannabis sales. Read the full article…

Study: Marijuana Use Associated With Decreased In-Hospital Mortality In Heart Failure Patients

health benefits of cannabis

NEW JERSEY:  Heart failure patients with a history of cannabis use possess reduced odds of in-hospital mortality compared to similarly matched controls, according to data published online in the journal Circulation. Investigators assessed data from over six million heart failure patients over a seven-year period. Patients with a history of cannabis use were less likely to suffer from Read the full article…

Cannabis Market Expected to Grow As Legalization Spreads

Marijuana is big business

NEW YORK: According to a new report from Brightfield Group, the global cannabis market is currently worth $7.7 billion and is expected to reach $31.4 billion by 2021. The United States accounts for about 90 percent of the market. But the U.S. domination of the market is expected to drop to 57 percent due to legalization of cannabis in other countries. Canada is Read the full article…

Survey: More Than One In Five Military Vets Uses Cannabis Medicinally

Survey: More Than One In Five Military Vets Uses Cannabis Medicinally

INDIANA:  More than one in five military veterans engage in the use of cannabis for therapeutic purposes, according to nationwide survey data conducted on behalf of The American Legion. The Legion is the largest veterans’ advocacy organization in the United States. Twenty-two percent of respondents said they “use cannabis to treat a mental or physical condition.” Thirty-nine percent affirmed they Read the full article…

Europe’s Legal Cannabis Market Is A €56 Billion Opportunity

Europe's Legal Cannabis Market is a €56 Billion Opportunity - Prohibition Partners

UNITED KINGDOM: A new report from industry advisors, Prohibition Partners, suggests that Europe will become the largest legal cannabis market in the world once all countries have introduced legislation and regulation over the next five years. Cannabis is set to become the major global industry of the post-digital generation. It will drive economic and employment growth as well Read the full article…

Maine Governor Vetoes Retail Legalization Implementation

The Governor’s veto reverses a campaign pledge where he indicated that he would support the enactment of adult use regulation if it was approved by a voter referendum.

MAINE: Republican Gov. Paul LePage last week vetoed legislation that sought to regulate the production and sales of cannabis to adults. Members of the House and Senate approved the legislation late last month during a one-day special session, but did so without a veto-proof majority. (Members of the Senate voted 22-9 in favor of the bill. Members of the Read the full article…

Maine: Governor Threatens To Veto Legislation Regulating Voter-Approved Cannabis Sales

Governor LePage has until November 3 to either sign the legislation, veto it, or let it become law absent his signature.

UPDATE:  Maine Governor Vetoes Retail Legalization Implementation MAINE: Republican Gov. Paul LePage has threatened to veto legislation regulating the production and sales of cannabis to adults. Members of the House and Senate approved the legislation this week during a one-day special session, but did so without a veto-proof majority. A majority of Maine voters decided last November in favor of a Read the full article…

New Mexico Medical Cannabis Program Continues Growth In Third Quarter

NM MMJ Third Quarter

Supply remains in jeopardy as patient enrollment increases at double the rate of industry sales NEW MEXICO:The 35 licensed commercial producers in New Mexico’s Medical Cannabis Program brought in a record $22.1 million for the third quarter of 2017, an increase of 4 percent from the second quarter. Patient enrollment increased by over 10 percent, Read the full article…

Canada’s Provinces Lining Up To Sell Pot

Cannabis in Canada

CANADA: Following its announcement that the Province of Ontario is planning to add 150 new governments, the Province of New Brunswick has announced a multi-million dollar deal with cannabis producers. The easterly Province of New Brunswick has announced that it has developed a new Crown corporation for the supervision of cannabis sales for the government’s anticipated legalization of recreational cannabis July 2018. Read the full article…