Decriminalization of non-medical cannabis in the United States

Growing Support for Cannabis Legalization Fuels Industry as a Global Marketplace

Retrieved on: 
Tuesday, August 27, 2019
Cannabis industry, Cannabis, Drugs, Decriminalization of non-medical cannabis in the United States, Steve DeAngelo

The spur of legalization efforts has drawn in millions of people worldwide who are curious to try cannabis.

Key Points: 
  • The spur of legalization efforts has drawn in millions of people worldwide who are curious to try cannabis.
  • The growing support for cannabis legalization is further propelling the industry and establishing it as a prominent global marketplace.
  • In 1996, the U.S. reshaped the industry after California became the first state to legalize medical cannabis.
  • The cannabis industry still remains in its infancy stage, but as pre-existing markets continue to develop and other nations explore opportunities, the market is positioned to become a disruptive global industry.

NEW REPORT: California's Legal Cannabis Market on Track to Reach $3.1 Billion in 2019 Sales, $7.2 Billion in 2024

Retrieved on: 
Thursday, August 15, 2019
Herbalism, Medicinal plants, Medicine, Health, Cannabis, Cannabis smoking, Entheogens, Medical cannabis, Decriminalization of non-medical cannabis in the United States

OAKLAND, Calif., Aug. 15, 2019 /PRNewswire/ --After a rocky transition to regulated adult-use sales in 2018, California's legal cannabis market is currently on track to grow 23% in 2019 to $3.1 billion.

Key Points: 
  • OAKLAND, Calif., Aug. 15, 2019 /PRNewswire/ --After a rocky transition to regulated adult-use sales in 2018, California's legal cannabis market is currently on track to grow 23% in 2019 to $3.1 billion.
  • Stringent testing regulations that took effect in July 2018 prompted many suppliers to fold as product shortages cut consumer spending dramatically.
  • Other key trends analyzed in California: Lessons from the World's Largest Cannabis Market include:
    California Governor Jerry Brown forecasted that legal cannabis would bring the state $643 million from cannabis taxes in 2018.
  • Arcview's flagship annual report, The State of Legal Cannabis Markets has become the industry standard for market analysis and data in the sector.

Policymakers Begin to Change Course on Cannabis Regulation

Retrieved on: 
Tuesday, August 13, 2019
Medicinal plants, Cannabis smoking, Entheogens, Euphoriants, Medicine, Herbalism, Health, Cannabis, Effects of cannabis, Medical cannabis, Decriminalization of non-medical cannabis in the United States

Furthermore, politicians have also begun to change their stance on cannabis legalization because of the positive data flowing in from clinical trials.

Key Points: 
  • Furthermore, politicians have also begun to change their stance on cannabis legalization because of the positive data flowing in from clinical trials.
  • According to data compiled by Mordor Intelligence, the global cannabis industry was valued at USD 14.5 Billion in 2018.
  • As a result, the "craft cannabis" industry emerged in order to meet the demands of consumers seeking higher quality products.
  • "We don't see large-scale cannabis as the future of cannabis," said Michael Steinmeta, Founder of Flow Canada, a California-based cannabis company.

Policymakers Begin to Change Course on Cannabis Regulation

Retrieved on: 
Tuesday, August 13, 2019
Medicinal plants, Cannabis smoking, Entheogens, Euphoriants, Medicine, Herbalism, Health, Cannabis, Effects of cannabis, Medical cannabis, Decriminalization of non-medical cannabis in the United States

Furthermore, politicians have also begun to change their stance on cannabis legalization because of the positive data flowing in from clinical trials.

Key Points: 
  • Furthermore, politicians have also begun to change their stance on cannabis legalization because of the positive data flowing in from clinical trials.
  • According to data compiled by Mordor Intelligence, the global cannabis industry was valued at USD 14.5 Billion in 2018.
  • As a result, the "craft cannabis" industry emerged in order to meet the demands of consumers seeking higher quality products.
  • "We don't see large-scale cannabis as the future of cannabis," said Michael Steinmeta, Founder of Flow Canada, a California-based cannabis company.

Americans for Safe Access Unveils 2019 Report Cards for Medical Cannabis Programs Across the U.S.

Retrieved on: 
Wednesday, August 7, 2019
Drugs in the United States, Health, Cannabis in the United States, Drug policy of the United States, Americans for Safe Access, Cannabis, California Proposition 215, Removal of cannabis from Schedule I of the Controlled Substances Act, Decriminalization of non-medical cannabis in the United States

WASHINGTON, Aug. 6, 2019 /PRNewswire/ --Americans for Safe Access (ASA) has released its 2019 report card titled, " 2019 State of the States Report: An Analysis of Medical Cannabis Access in the United States " in conjunction with the start of the National Conference of State Legislatures (NCSL) Legislative Summit in Nashville, Tennessee.

Key Points: 
  • WASHINGTON, Aug. 6, 2019 /PRNewswire/ --Americans for Safe Access (ASA) has released its 2019 report card titled, " 2019 State of the States Report: An Analysis of Medical Cannabis Access in the United States " in conjunction with the start of the National Conference of State Legislatures (NCSL) Legislative Summit in Nashville, Tennessee.
  • By releasing our State of the States Report at the Legislative Summit, we are providing legislatures clear ways to improve access to medical cannabis in their state," said David Mangone, Director of Government Affairs for Americans for Safe Access.
  • "Our report includes specific improvements for individual state medical cannabis programs like adopting product safety provisions as well as model legislation that suggests universal improvements for medical cannabis programs across the country.
  • Findings of the report also show that medical cannabis access has improved significantly nationwide since California first passed Proposition 215 in 1996.

North America Cannabis Market: Focus on Product Type, Medical Application, Distribution Channel, Countries Data (U.S. and Canada) and Competitive Landscape - Analysis and Forecast, 2019-2025

Retrieved on: 
Tuesday, July 30, 2019
Medicinal plants, Cannabis, Health, Medicine, Entheogens, Cannabis smoking, Herbalism, Euphoriants, Cannabis industry, Medical cannabis, Effects of cannabis, Decriminalization of non-medical cannabis in the United States

What are the major market drivers, trends, challenges, and opportunities present in the North America cannabis market?

Key Points: 
  • What are the major market drivers, trends, challenges, and opportunities present in the North America cannabis market?
  • How much revenue is expected to be generated by different segments, such as product, distribution channel, and country of the North America Cannabis Market?
  • What are the different distribution channels existing in the North America cannabis market?
  • North America Cannabis Market Size, 2019-2025
    The North America cannabis industry analysis highlights that the market was valued at $13.21 billion in 2018 and is expected to reach $36.7 billion in 2025.

Cannabiz Media Releases Mid-Year 2018 Point of Sale Software in the Cannabis Industry Report

Retrieved on: 
Thursday, July 25, 2019
Cannabis, Cannabis smoking, Entheogens, Euphoriants, Decriminalization of non-medical cannabis in the United States

GUILFORD, Conn., July 25, 2019 /PRNewswire-PRWeb/ --Cannabiz Media, the company behind the only verified cannabis industry CRM the Cannabiz Media License Database released "Point of Sale Software in the Cannabis Industry Mid-Year 2019 Report" analyzing the market shares of point of sale (POS) software platforms used by cannabis dispensaries and retailers across the United States.

Key Points: 
  • GUILFORD, Conn., July 25, 2019 /PRNewswire-PRWeb/ --Cannabiz Media, the company behind the only verified cannabis industry CRM the Cannabiz Media License Database released "Point of Sale Software in the Cannabis Industry Mid-Year 2019 Report" analyzing the market shares of point of sale (POS) software platforms used by cannabis dispensaries and retailers across the United States.
  • "At the end of 2018, five POS vendors accounted for 80% of the cannabis market," shares Ed Keating, Co-founder and Chief Data Officer for Cannabiz Media.
  • Cannabiz Media will continue to leverage its four-step process to gather and verify license data and will continue to share updates in the future through its "Point of Sale Software in the Cannabis Industry" report.
  • Cannabiz Media, through its Cannabiz Media License Database, is the leading CRM and lead database for the cannabis industry.

Total Impact of Cannabis Market Projected to Reach $48 Billion in 2019

Retrieved on: 
Tuesday, July 23, 2019
Cannabis industry, Marijuana Business Daily, Cannabis, Cannabis in Canada, Decriminalization of non-medical cannabis in the United States

A recent article in the Marijuana Business Daily projected that: "Total economic impact of the cannabis industry will range from $39.2 billion to $48 billion in 2019 about a 35% increase over 2018 and the U.S. cannabis sales in 2018were between $8.6 billion and $10.8 billion more than U.S. spending on e-cigarettes, the video game Fortnite and Goldfish crackers and U.S. sales of cannabis in 2019 will be about 35% higher than 2018 and could reach $30 billion by 2023.

Key Points: 
  • A recent article in the Marijuana Business Daily projected that: "Total economic impact of the cannabis industry will range from $39.2 billion to $48 billion in 2019 about a 35% increase over 2018 and the U.S. cannabis sales in 2018were between $8.6 billion and $10.8 billion more than U.S. spending on e-cigarettes, the video game Fortnite and Goldfish crackers and U.S. sales of cannabis in 2019 will be about 35% higher than 2018 and could reach $30 billion by 2023.
  • The article also reported that: "Sales of legal cannabis in the U.S. amounted to nearly $10 billion in 2018 alone.
  • The cannabis market is expected to grow at a rate of 21% per year between now and 2021.
  • This will mean that in three years' time, the marijuana industry will be pulling in about $23 billion per year in revenue."

Total Impact of Cannabis Market Projected to Reach $48 Billion in 2019

Retrieved on: 
Tuesday, July 23, 2019
Cannabis industry, Marijuana Business Daily, Cannabis, Cannabis in Canada, Decriminalization of non-medical cannabis in the United States

A recent article in the Marijuana Business Daily projected that: "Total economic impact of the cannabis industry will range from $39.2 billion to $48 billion in 2019 about a 35% increase over 2018 and the U.S. cannabis sales in 2018were between $8.6 billion and $10.8 billion more than U.S. spending on e-cigarettes, the video game Fortnite and Goldfish crackers and U.S. sales of cannabis in 2019 will be about 35% higher than 2018 and could reach $30 billion by 2023.

Key Points: 
  • A recent article in the Marijuana Business Daily projected that: "Total economic impact of the cannabis industry will range from $39.2 billion to $48 billion in 2019 about a 35% increase over 2018 and the U.S. cannabis sales in 2018were between $8.6 billion and $10.8 billion more than U.S. spending on e-cigarettes, the video game Fortnite and Goldfish crackers and U.S. sales of cannabis in 2019 will be about 35% higher than 2018 and could reach $30 billion by 2023.
  • The article also reported that: "Sales of legal cannabis in the U.S. amounted to nearly $10 billion in 2018 alone.
  • The cannabis market is expected to grow at a rate of 21% per year between now and 2021.
  • This will mean that in three years' time, the marijuana industry will be pulling in about $23 billion per year in revenue."

Alcohol Consumption Drops With Cannabis Legalization Abound

Retrieved on: 
Friday, July 12, 2019
Entheogens, Medicinal plants, Health, Articles, Cannabis, Herbalism, Cannabis smoking, Euphoriants, Medical cannabis, Effects of cannabis, Minors and the legality of cannabis, Decriminalization of non-medical cannabis in the United States

And specifically, the rise of cannabis is directly correlated with declining alcohol consumption rates.

Key Points: 
  • And specifically, the rise of cannabis is directly correlated with declining alcohol consumption rates.
  • However, newly added states such as California and Nevada currently have higher rates of binge drinking intensity and lower levels of cannabis consumption.
  • For instance, according to a MarketWatch article, a millennial said that she prefers to consume cannabis over alcohol because it saves her more money and doesn't cause intoxicating effects of alcohol.
  • In comparison, Uruguay's cannabis market is relatively small, despite having legalized cannabis entirely nearly 6 years ago.