Decriminalization of non-medical cannabis in the United States

Cannabis Approval Ratings Just Increased in North America Again

Retrieved on: 
Wednesday, May 29, 2019

Even major retailers are jumping on board.Better, Cowen analysts say U.S. cannabis sales could reach $80 billion in the next 11 years.

Key Points: 
  • Even major retailers are jumping on board.Better, Cowen analysts say U.S. cannabis sales could reach $80 billion in the next 11 years.
  • That's up from just 60% in 2016.A Pew survey found that62%of Americans want to see cannabis legalization in the country, as compared to just 57% in 2015.
  • The Supreme Cannabis Company Inc. (TSX:FIRE)(OTCQX:SPRWF) announced its financial and operating results for the three and nine months ended March 31, 2019.
  • By having an informed, open dialogue about cannabis, parents can protect their children while creating a culture of knowledge and resiliency.

International Regions are Warming up to the CBD and Cannabis Industry

Retrieved on: 
Thursday, May 16, 2019

However, South Korea and Thailand are two Asian countries that decided to take steps forward and dive into the cannabis industry.

Key Points: 
  • However, South Korea and Thailand are two Asian countries that decided to take steps forward and dive into the cannabis industry.
  • According to data compiled by MarketsandMarkets research, the cannabis market was valued at USD 10.3 Billion in 2018.
  • Countries such as Mexico and New Zealand are already working on legalizing cannabis entirely while other countries are exploring opportunities within the cannabis market,doing so with caution.
  • 'Canopy Rivers' extensive network in the cannabis industry and its ecosystem of companies will open a new, strategic market for BioLumic.

International Regions are Warming up to the CBD and Cannabis Industry

Retrieved on: 
Thursday, May 16, 2019

However, South Korea and Thailand are two Asian countries that decided to take steps forward and dive into the cannabis industry.

Key Points: 
  • However, South Korea and Thailand are two Asian countries that decided to take steps forward and dive into the cannabis industry.
  • According to data compiled by MarketsandMarkets research, the cannabis market was valued at USD 10.3 Billion in 2018.
  • Countries such as Mexico and New Zealand are already working on legalizing cannabis entirely while other countries are exploring opportunities within the cannabis market,doing so with caution.
  • 'Canopy Rivers' extensive network in the cannabis industry and its ecosystem of companies will open a new, strategic market for BioLumic.

Latin American Governments Seek Cannabis Legalization to Aid in War on Drugs

Retrieved on: 
Wednesday, May 15, 2019

Many activists believe that full legalization will significantly reduce crimes and death rates associated with the war on drugs.

Key Points: 
  • Many activists believe that full legalization will significantly reduce crimes and death rates associated with the war on drugs.
  • According to data compiled by the IMARC Group, the North American legal cannabis market was valued at USD 8 Billion in 2017.
  • Moreover, the South American region also represents a large global medical cannabis market as in 2018, the South American medical cannabis market was valued at USD 125 Million.
  • "It's also just a matter of time before these governments come to realize that cannabis is a multibillion-dollar market.

Demand for Jobs in the Cannabis Industry Continues to Expand Rapidly

Retrieved on: 
Wednesday, May 15, 2019

As cannabis legalization continues to spread, more entrepreneurs are diving into the industry, causing a spur of job openings.

Key Points: 
  • As cannabis legalization continues to spread, more entrepreneurs are diving into the industry, causing a spur of job openings.
  • Furthermore, as the industry continues to expand, more positions are to be required in order to comply with state law and safety requirements.
  • According to Statistics Canada, there were nearly 2,400 employed within the cannabis industry by the end of 2017.
  • The cannabis industry hiring spiked up in March of 2018 when the Senate provisionally accepted Bill C-45, which enacted the Cannabis Act in order to provide legal access to cannabis.

Latin American Governments Seek Cannabis Legalization to Aid in War on Drugs

Retrieved on: 
Wednesday, May 15, 2019

Many activists believe that full legalization will significantly reduce crimes and death rates associated with the war on drugs.

Key Points: 
  • Many activists believe that full legalization will significantly reduce crimes and death rates associated with the war on drugs.
  • According to data compiled by the IMARC Group, the North American legal cannabis market was valued at USD 8 Billion in 2017.
  • Moreover, the South American region also represents a large global medical cannabis market as in 2018, the South American medical cannabis market was valued at USD 125 Million.
  • "It's also just a matter of time before these governments come to realize that cannabis is a multibillion-dollar market.

Demand for Jobs in the Cannabis Industry Continues to Expand Rapidly

Retrieved on: 
Wednesday, May 15, 2019

As cannabis legalization continues to spread, more entrepreneurs are diving into the industry, causing a spur of job openings.

Key Points: 
  • As cannabis legalization continues to spread, more entrepreneurs are diving into the industry, causing a spur of job openings.
  • Furthermore, as the industry continues to expand, more positions are to be required in order to comply with state law and safety requirements.
  • According to Statistics Canada, there were nearly 2,400 employed within the cannabis industry by the end of 2017.
  • The cannabis industry hiring spiked up in March of 2018 when the Senate provisionally accepted Bill C-45, which enacted the Cannabis Act in order to provide legal access to cannabis.

CBD & Cannabis Companies Look to Build on Landmark Year

Retrieved on: 
Thursday, May 2, 2019

Moreover, the demand is prompting cannabis companies to ramp up operations in order to meet this demand.

Key Points: 
  • Moreover, the demand is prompting cannabis companies to ramp up operations in order to meet this demand.
  • As a result, cannabis companies are seeing tremendous revenue growth as the cannabis marketplace begins to take off.
  • For instance, In the second quarter of 2017, California's flower sales accounted for 55% of its total cannabis sales.
  • Moreover, 67% of Colorado's cannabis sales were made up of flower when legal sales began back in 2014.

CBD & Cannabis Companies Look to Build on Landmark Year

Retrieved on: 
Thursday, May 2, 2019

Moreover, the demand is prompting cannabis companies to ramp up operations in order to meet this demand.

Key Points: 
  • Moreover, the demand is prompting cannabis companies to ramp up operations in order to meet this demand.
  • As a result, cannabis companies are seeing tremendous revenue growth as the cannabis marketplace begins to take off.
  • For instance, In the second quarter of 2017, California's flower sales accounted for 55% of its total cannabis sales.
  • Moreover, 67% of Colorado's cannabis sales were made up of flower when legal sales began back in 2014.

CBD's Intriguing Effects Maintain Product Sales Around the Globe

Retrieved on: 
Monday, April 29, 2019

According to data compiled by Grand View Research, the global legal marijuana market was valued at USD 9.3 Billion in 2016.

Key Points: 
  • According to data compiled by Grand View Research, the global legal marijuana market was valued at USD 9.3 Billion in 2016.
  • As such, flower sales had dominated the cannabis industry based on the product type.
  • However, now cannabis extraction is gaining popularity and is closing in on flower sales.
  • A recent study by Health Canada showed that cannabis oil sales were up near 56% over flower sales in 2018 and nearly 86% compared to 2017.