Analysts Forecast High Growth For North America Cannabis

IRELAND: The legal Cannabis revolution is only beginning. The 80+ years prohibition against its use is now ending and the tides are clearly turning. Despite being illegal for so long, more than 37 million people in the U.S. and millions more in Canada use Cannabis, both legally and illicitly.

The market for Cannabis in North America already is large and growing quickly. In 2018, more than $41 billion will be sold and by 2026 that figure will rise to $95 billion according to a new report, “North America Cannabis: New Markets, Competitors and Opportunities: 2018-2026 Analysis and Forecasts.

Authors state the Cannabis revolution offers new hope for many medical problems, a substitute for alcohol and tobacco, and unrivaled investment opportunities for individuals and companies wanting participation in this emerging market.

This report is focused on the U.S. and Canada (North America) markets for Cannabis, both legal and illicit. Specifically, this report covers:

  • North America Cannabis industry including market size and growth, price trends and competitive environment including the black market.
  • United States Cannabis market size and growth, regulation issues, market drivers, transition from illicit to legal, prices, user base, incidence of use, tax incentives, legal risks, financing issues, state metrics and characteristics, branding, derivative products, threats/opportunities to other industries.
  • Canada Cannabis industry including market size and growth, country metrics, regulation issues, comparisons with Colorado and California, black market, prices, market potential, production capacity, supply concerns, opportunities beyond cultivation, competitive environment.
  • Selected company profiles detailing product offerings, brands, facilities, operations, sales, distribution, prices, JVs, exports, expansion plans, yields, costs, patients, M&A activity, competitive advantages, strategies.

For more information about this report visit 

 

Louisiana Marijuana Bill Suggests Lessening Penalties On Offenders

 

LOUISIANA:  Thursday at the state Capitol, Louisiana lawmakers will be considering one of as many as 10 bills dealing with marijuana.

House Bill 14, which is authored by State Representative Austin Badon, goes before committee the House Committee on Administration of Criminal Justice. The bill would dramatically lessen criminal penalties for simple marijuana possession.

Under current state law, pot smokers can get a six-month sentence on a first offense and up to five years and a $2,500 fine on a second offense. Anyone convicted three or more times is open to a 20-year jail sentence and a $5,000 fine.

Long Lines On First Day Of Colorado Legal Pot Sales

COLORADO:  Long lines and blustery winter weather greeted Colorado marijuana shoppers testing the nation’s first legal recreational pot shops Wednesday.

It was hard to tell from talking to the shoppers, however, that they had waited hours in snow and frigid wind.

“It’s a huge deal for me,” said Andre Barr, a 34-year-old deliveryman who drove from Niles, Mich., to be part of the legal weed experiment. “This wait is nothing.”

The world was watching as Colorado unveiled the modern world’s first fully legal marijuana industry — no doctor’s note required (as in 18 states and Washington, D.C.) and no unregulated production of the drug (as in the Netherlands). Uruguay has fully legalized pot but hasn’t yet set up its system.

Colorado had 24 shops open Wednesday, most of them in Denver, and aside from long lines and sporadic reports of shoppers cited for smoking pot in public, there were few problems.

Prohibition Ends In Colorado: Recreational Weed Sales Brisk In Denver

COLORADO:  The home of America’s first pot arrest is also the home of its first licensed recreational sales, as dozens of medical and recreational fans of cannabis who wanted to be art of history lined up in the freezing Denver dawn this morning to purchase the first legal bags of pot sold in America since before 1937.

“I’m really excited. It’s awesome, this is a major moment in American history,” said 34 year-old Adam Hartle of Jacksonville, FL., who was first in line at 3-D Cannabis in Denver.
The New Year marks the beginning of state-regulated sales of marijuana to any adult over 21 with proof of age, the latest development since Colorado voters legalized cannabis in November 2012. Some $600 million in retail pot sales are expected in the first year, with $67 million in taxes flowing to Colorado schools and public health.

Clad in beanies, hoodies, coats, jeans and gloves, customer sbegan signing up in line at 6:30 p.m. Dec. 31 at 3-D Cannabis Center. The former medical marijuana dispensary is one of 18 Denver businesses officially cleared to open by Jan. 1. Doors opened at 8 a.m. with limits of one quarter-once for $35-$50 plus 21% tax. [Read more…]

Marijuana Ruling Could Signal End of Prohibition on Pot

DISTRICT OF COLUMBIA: It’s legal to light up in Colorado and Washington, and soon smoking pot could be legalized across the country following a decision Thursday by the federal government. [Read more…]