market

Until today, medical marijuana producer Auscann was working under the assumption that it had a target market of about 3 million Australians dealing with chronic pain. Suddenly, its potential market has been blown wide open. The Australian government announced today that it would allow...

The legalization of cannabis in coming months will offer a clear opportunity for provinces to shut down the black market for the drug and put an end to any notion there are still "grey" areas in Canadian law, top Liberal officials said. In a joint interview, federal Health Minister Ginette...

Justin Trudeau's marijuana czar is warning that policy makers may need to adjust taxes to prevent prices from falling too low after legalization. Canadian marijuana companies – which have surged in value – will achieve economies of scale that will help drive down production cost, according to...

The new year brings with it a new age of legal marijuana: As of Monday, the growing, sale and use of recreational cannabis in California is now legal for individuals over the age of 21. But will it change much in the state? Implementing the new law requires an impressive amount of regulation...

When Washington State legalized recreational marijuana three years ago, it created a licensing regime that was supposed to protect and encourage small growers, but the data shows that marijuana growing has consolidated into a few large suppliers, even as the price per gram has fallen -- and that...

"Question 1 is not just bad for Maine, it can be deadly," said state Governor Paul LePage in a warning to voters against approving a marijuana legalization measure. "We do not need to legalize another drug that could lead to more deaths." With the governor's anti-cannabis rhetoric, it was no...

The business of selling legal weed is big and getting bigger. North Americans spent $6.7 billion on legal cannabis last year, and some analysts think that with California set to open recreational dispensaries on Jan. 1 and Massachusetts and Canada soon to follow, the market could expand to more...

Recreational cannabis sales are set to begin in California on January 1 – and the market is expected to haul in billions in revenue next year as dispensaries roll out across the state. A report from the cannabis industry research firm BDS Analytics estimates sales of cannabis to hit $3.7...

The market intelligence report of this market demonstrates numerous factors that affect the global Hemp Blast Fiber market negatively or positively. It also enunciates the upcoming prospects and contemporary data alike to be present in the corresponding market stating the elements at play in...

Nevada's recreational marijuana industry hit a new high, selling more than $37.9 million in October. The state has earned nearly $20 million in marijuana tax revenue since the adult-use market launched in July. "We are pretty on target with projections, maybe a little over," Department of...

A long time ago in a galaxy far, far away, I wrote about a Canadian marijuana stock that was a bet on the U.S. cannabis market. That stock was Aphria. At the time, the medical marijuana grower's market cap stood at roughly $860 million. That story is now as dated as eight-track tapes and leisure...

Investors have been eager to enter the Canadian marijuana space as the country moves towards launching its recreational cannabis market next July. Despite uncertainty of the legalization bill's fate in the Senate, the Canadian marijuana market is booming. M&A activity is heating up and stocks...

Canadians consumed as much as $6.2 billion of marijuana in 2015, almost as much as they spent on wine, the federal statistics agency said Monday as it gears up to officially track weed when it becomes legal next year. The agency calculated the value by estimating 4.9 million people consumed...

Creso Pharma Limited today informed the market it has gained a footprint in the strategically important Latin American medicinal cannabis market with the proposed acquisition of Kunna Canada Ltd., and its wholly-owned Colombian subsidiary, medicinal cannabis group Kunna S.A.S. The crucial...

If the Parliament of Georgia legislates marijuana consumption, distribution and cultivation to be legal, the extent of the local market will be increased by over GEL 1.3 billion in 2018. At least 2 million tourists will visit Georgia in 2018, resulting in increased incomes of GEL 570 million...

As all cannabis-related California businesses – from the growers to the distributors – make the jump from the black market to the free market in the coming year, they will need to officially register their entity with the Secretary of State's office. When new state regulations allowing...

Cannabis is California's new green crop — green in every sense of the word — green plants and greenbacks. Studies show that legal weed sales are expected to grow in North America by 26 percent a year through 2021, nearly a $22 billion market. And that may be low. CALIFORNIA CANNABIS ACT In...

Sales of legal cannabis in North America are growing even faster than experts predicted they would. A new report from Arcview Market Research says retail cannabis sales will jump 33% over 2016's totals to hit $10 billion this year. That's a faster pace than the group had previously predicted...

As the legal marijuana business starts to professionalize, players are emerging who say they want to create multinational franchises and empires, in effect, building the Starbucks or McDonald's of ganja. Billy Levy and his partners have other plans. "We'd rather be like the P&G," said...

From texting a local dealer to dropping into a neighborhood dispensary or ordering online, Canada's black market for recreational marijuana has seen significant changes in recent years and, no doubt, will see more as the country hurtles toward a new world of legalization next summer. What...