Decriminalization of non-medical cannabis in the United States

Matica Subsidiary West Island Signs with Distributor in Saskatchewan

Retrieved on: 
Thursday, August 5, 2021

West Island Culture ("West Island") has signed with National Cannabis Distribution Inc. ("NCD") a private cannabis wholesaler, to distribute Non-Medical Cannabis in Saskatchewan.

Key Points: 
  • West Island Culture ("West Island") has signed with National Cannabis Distribution Inc. ("NCD") a private cannabis wholesaler, to distribute Non-Medical Cannabis in Saskatchewan.
  • West Island has delivered its first order to NCD for distribution to their retail network.
  • Its subsidiary, West Island Culture is a Dorval, Quebec based Health Canada Licence Holder with standard cultivation licence, standard processing, medical sales and sales licences.
  • Through its acquisition of Trichome Treats, an award winning chocolatier, Matica and West island intend on introducing edibles into the West Island product mix.

Brand-New Poll Shows Soaring Bipartisan Support for Federal Cannabis Legalization Among AZ, UT & WV Voters

Retrieved on: 
Tuesday, May 25, 2021

The U.S. Cannabis Council (USCC) , a leading coalition united to end the federal prohibition of cannabis, released today the results of new polling that shows overwhelming supermajority support among registered voters in Arizona, Utah, and West Virginia for ending federal cannabis prohibition this Congress.

Key Points: 
  • The U.S. Cannabis Council (USCC) , a leading coalition united to end the federal prohibition of cannabis, released today the results of new polling that shows overwhelming supermajority support among registered voters in Arizona, Utah, and West Virginia for ending federal cannabis prohibition this Congress.
  • The new poll conducted by Change Research surveys 1,000 registered voters in each of the key states of Arizona, Utah and West Virginia.
  • Not only do respondents support federal legalization, regulation and taxation, but that support for immediate legalization holds among a majority of registered voter respondents of all political stripesRepublicans, Democrats and Independents.
  • We urge government representatives on both sides of the aisle to consider this bipartisan public demand and vote favorably on federal cannabis reform.

Dama Financial, the Leading Provider of Access to Banking and Financial Solutions for Cannabis Businesses, Announces the Completion of $12.6 Million Growth Equity Raise

Retrieved on: 
Wednesday, April 21, 2021

"We have spent four years building a platform to enable safe, compliant financial services for cannabis businesses and now is the time to take Dama to the next level.

Key Points: 
  • "We have spent four years building a platform to enable safe, compliant financial services for cannabis businesses and now is the time to take Dama to the next level.
  • "Dama continues to innovate solutions for the serious payments problems faced by the industry and we are excited to see that accelerate.
  • "\nSince November 2020, six new states have passed legalization measures for cannabis and a record-high percentage of Americans now support legalization.
  • The Company\'s expansive product set, including Premier Business Banking, Paytender and CashToTax, fueled 350% top line growth in 2020.\n'

Medical Marijuana Market in the U.S. to Cross USD 14.8 Bn by 2027: Global Market Insights Inc.

Retrieved on: 
Wednesday, April 21, 2021

Currently, medical marijuana is being studied for the treatment of cancer, as it is claimed to be effective against the illness.

Key Points: 
  • Currently, medical marijuana is being studied for the treatment of cancer, as it is claimed to be effective against the illness.
  • Similarly, several formulations of medical marijuana are currently approved to treat the cancer-related pain and nausea that is caused by chemotherapy drugs.
  • However, stringent regulations and strict quality standards may pose a threat to the market progression.\nPain management segment in the U.S. medical marijuana market accounted for USD 5.5 billion in 2020.
  • Also, California led the U.S. in the legalization of medical marijuana since 1996 and thereafter the state has dominated the market growth.

Parallel Invests $25M in a New State-of-the-Art Cannabis Cultivation, Production and Retail Facility in San Marcos, Texas

Retrieved on: 
Monday, April 19, 2021

This financial commitment expands Parallel\'s ability to meet the growing patient demand for medical cannabis products in the Lone Star State.

Key Points: 
  • This financial commitment expands Parallel\'s ability to meet the growing patient demand for medical cannabis products in the Lone Star State.
  • We see high growth potential in the Texas cannabis market as every day more Texans choose cannabis to help improve their quality of life," said William "Beau" Wrigley Jr., Chairman and CEO for Parallel.
  • "The goodblend brand promise is to make customers feel so good about their experience that they come back again and again.
  • "We are encouraged that there is a growing recognition, trust and demand for our medical cannabis products in Texas.

Canadian Students for Sensible Drug Policy Tackles Harm Reduction with Next Phase of Get Sensible Youth Cannabis Education Campaign

Retrieved on: 
Thursday, April 8, 2021

Toronto, Ontario--(Newsfile Corp. - April 8, 2021) - Canadian Students for Sensible Drug Policy ("CSSDP") announce the next phase of their Get Sensible cannabis education campaign with the launch of their website getsensible.org and two recently hosted youth-focused cannabis roundtable discussions, facilitated on March 24th and 25th.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - April 8, 2021) - Canadian Students for Sensible Drug Policy ("CSSDP") announce the next phase of their Get Sensible cannabis education campaign with the launch of their website getsensible.org and two recently hosted youth-focused cannabis roundtable discussions, facilitated on March 24th and 25th.
  • Get Sensible plans to host additional roundtables throughout 2021-22 that will focus on specific communities with deeper examination of topics relevant to their experiences.
  • So while one of the key priorities for Canada's cannabis legalization continues to emphasize protecting youth from the harmful effects of cannabis use, the Get Sensible campaign provides opportunities for young people to be engaged in co-creating and co-leading cannabis education, and supporting harm reduction in hard-to-reach youth communities.
  • Prioritizing evidence-based cannabis education projects that are youth-led, to us, is the way forward", said Get Sensible Program Manager, Sean Bristowe.

Global Cannabis Pharmaceuticals Market Report 2020: Market is Expected to Reach $5.72 Billion by 2027 - Investments in R&D for Cannabis-Infused Drugs

Retrieved on: 
Monday, March 1, 2021

Favorable legislation in the market, policies across developed economies, and investments in the research and development for cannabis-infused drugs are the key factors responsible for the market growth.

Key Points: 
  • Favorable legislation in the market, policies across developed economies, and investments in the research and development for cannabis-infused drugs are the key factors responsible for the market growth.
  • Moreover, technological innovation to decide the accurate dose of cannabis-infused drugs with cutting edge delivery methods to ensure therapeutic and psychoactive events, to contain drug abuse among adults also favoring market growth for cannabis pharmaceuticals.
  • The global market for cannabis pharmaceuticals is fragmented based on product, distribution channel, and region.
  • In addition, growing demand for plant-based pharmaceuticals is expected to drive market demand for cannabis pharmaceuticals.

Agencies Look to Create Safeguards for Cannabis Use

Retrieved on: 
Thursday, February 25, 2021

Additionally, other cannabis and drug policy developments have also been taking place in several states.

Key Points: 
  • Additionally, other cannabis and drug policy developments have also been taking place in several states.
  • Also, Washington State lawmakers approved a broad drug decriminalization measure and Wisconsin's governor unveiled a proposal to legalize both medical and recreational cannabis.
  • In Canada, for example, sales of legal recreational cannabis totaled CAD 2.6 Billion (about USD 2.08 Billion) in 2020, which represents a 120% increase over 2019 cannabis sales.
  • "When looking at how tech would impact the cannabis industry, it's important to understand the needs of the industry.

Agencies Look to Create Safeguards for Cannabis Use

Retrieved on: 
Thursday, February 25, 2021

Additionally, other cannabis and drug policy developments have also been taking place in several states.

Key Points: 
  • Additionally, other cannabis and drug policy developments have also been taking place in several states.
  • Also, Washington State lawmakers approved a broad drug decriminalization measure and Wisconsin's governor unveiled a proposal to legalize both medical and recreational cannabis.
  • In Canada, for example, sales of legal recreational cannabis totaled CAD 2.6 Billion (about USD 2.08 Billion) in 2020, which represents a 120% increase over 2019 cannabis sales.
  • "When looking at how tech would impact the cannabis industry, it's important to understand the needs of the industry.

U.S. Legal Cannabis Water Use to Almost Double by 2025

Retrieved on: 
Wednesday, February 24, 2021

Water has always been a vital variable to cannabis cultivation, especially in drought-prone states such as California, the U.S. cannabis cultivation epicenter, said New Frontier Data Founder & CEO Giadha A. DeCarcer.

Key Points: 
  • Water has always been a vital variable to cannabis cultivation, especially in drought-prone states such as California, the U.S. cannabis cultivation epicenter, said New Frontier Data Founder & CEO Giadha A. DeCarcer.
  • The report reveals that the cannabis industry uses significantly less water than other major agricultural crops in California.
  • Combined legal and illicit cannabis crops used nearly 2.8 billion gallons in 2020, with usage forecast to reach 3.6 billion gallons by 2025 fueled by demand-driven growth.
  • About the Berkeley Cannabis Research Center:
    The Cannabis Research Center (CRC) is a research group based at the University of California, Berkeley.