Market info

© Ryland Zweifel Dreamstime.com

Cook Islands looks into producing medicinal cannabis

The Cook Islands could start growing its own cannabis following the country voting in favor of it being allowed for medicinal use. A legally non-binding referendum on medicinal cannabis was held in August 2022 alongside the Cook Islands general election. Sixty-two percent of respondents voted "yes" to…

© Luyag2 Dreamstime.com

US (MI): Feds investigate ex-House Speaker Johnson for bribery in cannabis licensing

FBI agents and a federal grand jury have spent more than two years investigating whether former Michigan House Speaker Rick Johnson and others received bribes in return for awarding state licenses to operate medical cannabis facilities. The probe has the potential to raise new questions about financial…

© Danaan Andrew Dreamstime.com

Thai cannabis boom billows with political risk

Cookies opened its first Asian franchise on January 21 with billowing cannabis smoke, a Buddhist monk’s blessings, Muay Thai boxing, and ceremonial drumming within sight of the American embassy. The razzmatazz included someone wielding a hand-held, long-barreled “leaf blower” pumping bountiful cannabis…

© Feelgoodsk Dreamstime.com

US (WI): Assembly Speaker Robin Vos says there's no 'pathway' to legalizing adult-use cannabis

Wisconsin Assembly Speaker Robin Vos said in an interview that legislative leaders have just begun talking about what kind of medical cannabis proposal they could support and suggested Democratic Gov. Tony Evers' plans to introduce a state budget that legalizes cannabis for adult use could deter…

© Sasinparaksa | Dreamstime.com

Annual cannabis industry salary guide released

To help clients and the cannabis community better understand the market, CannabizTeam created the 2023 Cannabis Industry Salary Guide. The updated guide contains Cannabis Salaries for important and popular roles in cannabis, CBD, and hemp businesses. The report is essential for cannabis business leaders…

© Stefan Malloch Dreamstime.com

US (NY): Looking for a job in the cannabis industry? Don't say cannabis

In some ways, applying for a job in cannabis is like applying for a job in any other industry. In other ways, it's like nothing any job seeker has ever done before.That's because the industry is brand new in the state, and, though it is legal in New York, cannabis is still federally prohibited. That…

© Nehru Dreamstime.com

Cannabis industry’s spending on Washington lobbying hits record

The cannabis industry set a record in its spending on Washington lobbying last year, with its outlay of $5.43 million. That’s according to an analysis of disclosures by OpenSecrets, which rounded up data from 20 top industry players, including companies such as Canopy Growth Corp. CGC, -3.07% and Cronos…

© Roxana Gonzalez Dreamstime.com

Cannabis brands and celebrities: "limited impact so far"

Celebrities from Jay-Z to Justin Bieber are trying to make their mark on the cannabis industry with high-profile product launches and collaborations. It’s easy to see why they want in: Pot is expected to become a $45.8 billion market by 2025, according to projections from data firm Headset.  But whether it’s…

© Feelgoodsk Dreamstime.com

USDA issues first National Hemp Report

The U.S. Department of Agriculture’s (USDA) Agricultural Marketing Service (AMS) announced the issuance of the first edition of the new weekly National Hemp Report (pdf). The free and publicly available National Hemp Report provides unbiased, timely, and accurate data to help industry stakeholders make…

Transparency for cannabis pilot trials in Switzerland

For the first time, cannabis is being sold legally in Switzerland. On 30 January, selected participants of the Weed Care study within the Swiss pilot projects will be able to purchase cannabis in pharmacies in Basel. A straightforward but reliable tracking system is required for the transparent execution…

Carmen Doran, Helius Therapeutics:

Growing cannabis for a rapidly growing market: “NZ is expecting patient prescriptions to double this year”

Currently, with 60,000 cannabis prescriptions dispensed in 2022, New Zealand is expecting an increase to over 120,000 in the coming year based on current growth rates. As a vertically integrated cannabis company in NZ, Helius is committed to providing a supply to this increased demand. "The four cannabis…

© Tatiana Golmer | Dreamstime.com

Argentina sets high hopes for cannabis exports with budding new agency

Argentina recently launched the first working group of a new national agency to regularize and promote the country's nascent cannabis industry, which ministers hope will create new jobs and exports, generating fresh income for the South American nation. "This opens the door for Argentina to start a new…

© Jan Mika | Dreamstime.com

Good Day Farm makes history with first sale of medical cannabis in Mississippi

Good Day Farm made history when its flower was sold to an Oxford, Mississippi, medical patient. The cannabis flower, cultivated at Good Day Farm's 130,000 square-foot facilities, became the first legal, medical cannabis purchase in the state almost one year after the Mississippi Medical Cannabis Act was…

© Ryland Zweifel Dreamstime.com

US (CA): Large scale Humboldt cannabis cultivation business finds court ordered receivership representation

As of late, the Cannabis Industry Continues to fluctuate as cannabis business evaluations continue to rapidly take a downturn. The hardships of 2022 have consistently forced industry operators to close operations and take their businesses to the open market. Green Life Business, the industry leader for…

© Tinnakorn Jorruang Dreamstime.com

Luxembourg: "Adult-use cannabis laws are coming"

Paulette Lenert, Minister of Health, told radio station 100.7 that the bill concerning adult-use cannabis should arrive in the Chamber of Deputies by the end of March. But it is not certain that it can be voted on during the legislature before the October elections. The health crisis has delayed the…

© Tatiana Golmer | Dreamstime.com

Argentina invests $106 million in cannabis research projects

The Ministry of Science in Argentina will invest more than $106 million in 13 projects for the development of medical cannabis aimed at generating knowledge and advances on the properties of the plant and its derivatives, clinical and/or industrial uses, and the associated social and cultural aspects.In…

© Openrangestock Dreamstime.com

Cannabis ready to face 2023 after challenging 2022

2022 was a mixed bag for the cannabis industry. While new markets showed healthy growth, legal cannabis sales declined in many mature markets, slowing or even reversing growth in those markets. While some of this might be attributable to parallels experienced by the broader economy in the wake of…

© Volodymyrbondarenkosound Dreamstime.com

US (NV): Contaminated cannabis found in more than 100 dispensaries

According to a press release published Thursday by the Nevada Cannabis Compliance Board (CCB), contaminated edibles, flower, pre-rolls, and concentrates from numerous brands were sold by more than a hundred marijuana dispensaries between Aug. 31, 2021, and Jan. 9, 2023. This includes some dispensaries in…

© Eric Limon Dreamstime.com

US: As interest grows in cannabis industry, so do education opportunities

Since Colorado legalized recreational marijuana in 2012 and with talks of federal legalization, the cannabis industry is becoming increasingly competitive. Now, there are educational opportunities for it.   A new cannabis education program at the University of Denver’s University College is hoping to develop the…

© Jan Mika | Dreamstime.com

US (IL): From state regulations to finding financing, cannabis craft growers face multiple obstacles

Craft grower cannabis licenses are supposed to help Black and brown communities, yet only one business is open.Reese Xavier has a vision for a vacant strip mall in south suburban Chicago Heights centered around Illinois’ newest billion-dollar industry: cannabis. A craft grow operation, kitchen,…

© Dreamstime.com

Germany: Expert opinion on cannabis legalization to be given in report

The non-profit Institute for Interdisciplinary Addiction and Drug Research (ISD Hamburg) has been given the task by the Federal Ministry of Health (BMG) and other ministries to shed scientific light on the planned legalization of cannabis in an expert report. This was communicated by a ministry spokesman…

© Roxana Gonzalez Dreamstime.com

CAN: Illicit market still controls 33% of cannabis market despite legalization

Five years after Ottawa legalized cannabis, 33% of the market is still controlled by drug dealers, says the Department of Public Safety. “One of the main goals of legalization of cannabis was to reduce criminal activity by keeping profits out of the pockets of criminals,” the department wrote in an…

© Atomazul Dreamstime.com

US (CT): MMJ patients seeing product shortage after recreational sales become legal

One week since the start of recreational cannabis sales in Connecticut, some medical cannabis patients say they’re already seeing changes to what’s in stock. “There’s a little bit of concern, obviously, because you do see a couple of changes, nothing too big, which were to be expected because of adult…

© Dmitry Tishchenko Dreamstime.com

US (OK): Oklahoma City police searching for suspects in crime spree targeting grow facilities

Oklahoma City police believe six burglaries were committed by two people in just a few days. Now they’re searching for the suspects in the incidents, which were caught on camera. “Investigators are asking for the public’s help with this case. Basically, a crime spree that these individuals had been on…

© Vladimir Bondarenco Dreamstime.com

Illegal market's share continues to decline

Canadian Cannabis Survey finds more people bought legal product in 2022

The Government of Canada’s annual cannabis study has found that the adoption of legal products continues to grow.The results of the 2022 Canadian Cannabis Survey were released last month. It found that a greater proportion of respondents reported a legal source as their usual source of cannabis compared…

© Stefan Malloch Dreamstime.com

Is Uruguay’s cannabis industry about to evolve?

Over nine years ago, Uruguay made history after passing the world’s first-ever national adult-use cannabis legalization measure. In December 2013, Uruguay’s President José Mujica signed a measure that permitted residents of Uruguay to cultivate their own cannabis, join private cannabis clubs, and…

© Nehru Dreamstime.com

Missouri regulators say they’re close to naming cannabis chief equity officer

The constitutional amendment legalizing adult-use cannabis in Missouri won voter approval in November but created a schism among social-justice activists over the question of racial and economic equity.  Some believe the new law will empower minority cannabis business owners, while others worry it will cement…

Karli Miller-Hornick, Florist Farms:

US (NY): “The demand has already been incredible"

As one of the first licensed cannabis growers in New York, these past weeks have been a whirlwind for Florist Farms. “The Housing Works Dispensary opening was very successful. We have been working very hard keeping up with the demand,” says Karli Miller-Hornick, Co-Founder and CEO of Florist Farms. The…

© Eric Limon Dreamstime.com

"Lithuania’s President should not be afraid of cannabis reform"

Lithuanian President Gitanas Nausėda recently participated in an interview for LRT Radio, during which he was asked about efforts to decriminalize cannabis in his country. Unfortunately, the response was not favorable. President Nausėda made it clear that he does not support cannabis reform and offered…

© Menno Van Der Haven | Dreamstime.com

CAN (ON): Commenting on large-scale greenhouse developments in Lakeshore

The Municipality of Lakeshore has opened up another online study form regarding the future of large-scale greenhouse developments. Lakeshore is currently working towards potentially regulating the greenhouse industry before March 2023, which is when an interim control by-law banning greenhouse…

© Zerbor Dreamstime.com

US (CA): DCC requests funding to strengthen and improve state's cannabis market

Governor Newsom recently released his 2023-24 January proposed budget, which he submits to the Legislature at this time every year. This is the Governor's vision for serving Californians and a starting point for conversations between the state's executive and legislative branches. Last year's budget took…

Spain: Will Barcelona's cannabis industry reach its full potential?

Barcelona, Spain, is the social cannabis use capital of the world. Unfortunately, the public policies in Spain pertaining to such establishments do not currently align with reality, with many lawmakers and regulators choosing to stick their heads in the sand and act as if Barcelona’s emerging industry…

Village Farms supplants Tilray as top Canadian pot producer: CIBC

Village Farms International Inc.’s cannabis subsidiary Pure Sunfarms has catapulted to the top of Canada’s marijuana market share rankings, supplanting Tilray Brands Inc. following a recalculation of how province’s sales figures, according to a Bay Street analyst. CIBC Analyst John Zamparo wrote in a…

© Zerbor Dreamstime.com

US (CA): A looming cannabis shortage?

As incredible as this may sound, California begins the new year short of something that has been in massive oversupply for almost two years: cannabis flower. You may be thinking, “what is Aaron smoking,” but cultivators, both large and small, based in Northern and Southern California are now telling me…

© Openrangestock Dreamstime.com

High cost of legal cannabis in New Jersey irks customers

If you’re shopping for cannabis at Rise dispensary in Bloomfield, the most you’ll shell out for an eighth is $70. A short walk from the 8th Street PATH station in Manhattan, the highest price for an eighth at the new Housing Works Cannabis Co. dispensary is $60. At Rise, most eighths are $60 or more. At…

© Chimpinski Dreamstime.com

Legal use of medicinal cannabis on the rise in Australia

According to Levin Health, although medical cannabis was made legal in Australia in 2016, the vast majority was obtained via illegal avenues at first.  The CAMS-18 study of medical cannabis use in the Australian community found that between 2018 and 2019, only 2.7% of users had accessed legally prescribed…

© Feelgoodsk Dreamstime.com

Canadian cannabis industry struggling amid oversupply challenges

More than four years later, Canada's cannabis industry is starting to come down from a post-legalization high, experts say. "Producers have been scaling back, laying people off, closing facilities for really over three years," said Michael Armstrong, an associate professor of operations research at Brock…

© Ryland Zweifel Dreamstime.com

Illinois cannabis sales climbed to a record high $1.5 billion last year

Adult-use cannabis dispensary sales soared to a record high in Illinois last year. Dispensaries statewide, including the Mission Calumet City Cannabis Dispensary by the River Oaks Mall and Windy City Cannabis in Homewood, collectively set records in all categories, including items sold, sales totals by…

© Anton Petrus Dreamstime.com

US (CT): “We’re losing money every day that we don’t start that market”

While some in the Connecticut cannabis community celebrate Tuesday’s long-awaited opening of the first cannabis stores for the non-medical public, Jocelyn Cerda will stay focused on the future, when she and her company hope to sell cannabis in Norwalk, in her hometown of Hartford, and in a third, unnamed…

© Elantsev Dreamstime.com

US (VT): "Our first challenge? Convincing farmers to grow hemp"

Over the past year, a pair of cousins bought two vacant industrial properties in two Vermont towns that have seen better economic days — a former grain mill in St. Johnsbury and a former marble factory in Proctor. The pair believe they have the right business to bring new life to the two properties:…

© Volodymyrbondarenkosound Dreamstime.com

Michigan's cannabis industry has gone through some growing pains: What to expect in 2023

Michigan's still-young legalized adult-use cannabis industry went through some growing pains last year. Prices of cannabis products rapidly declined, and, as a result, cannabis companies struggled to survive. At the same time, some of those companies continued to innovate, bringing new types and a wide…

© Taisacankyle | Dreamstime.com

US (MP): Cannabis dispensaries still waiting for product

On February 2nd, it will be one year since the Mississippi Medical Cannabis Act was signed into law, but as of now, dispensaries still do not have a product to sell. When they do, one dispensary in Biloxi plans to be the first in the market. Coastal Capital Dispensary is more like a boutique store than a…

© Elantsev Dreamstime.com

Could the legalization of cannabis transform Mexico’s economy?

The pungent aroma of cannabis and the sound of dub music fills the air at a hacienda as about 150 smokers, users, growers, activists, and business people gather for Mexico’s second annual Toquefest. In anticipation of the long-delayed legalization of cannabis – after a number of supreme court decisions…

© Dmitry Tishchenko Dreamstime.com

US (MI): Detroit dispensaries begin selling adult-use cannabis

Adult-use cannabis officially went on sale in Detroit on Wednesday when the medical dispensary House of Dank on Fort Street, near the border of Lincoln Park, opened its doors to adult-use buyers. A few hours later, on the opposite side of the city, DaCut, a medical cannabis dispensary on Gratiot Avenue…

© Roxana Gonzalez Dreamstime.com

US (MT): Adult-use sales estimated at $300M during first year

Montana dispensary sales are expected to eclipse $300 million in sales in the recreational cannabis industry’s first year, creating a windfall of $45 million in tax revenue for the state. Those numbers are combined from recreational and medical sales; recreational sales totaled more than $209 million,…

© Andreaobzerova | Dreamstime.com

Cannabis Workforce Initiative gearing up to educate New Yorkers on cannabis

As the Empire State’s legal adult-use cannabis market starts opening, a group providing training on the cannabis industry is trying to get as many New Yorkers as possible to consider a career in cannabis.The New York State Cannabis Workforce Initiative – a partly state-funded collaborative effort of the…

© Sergey Pozhoga Dreamstime.com

Uruguay: Cannabis greenhouse cultivation almost doubled in one year

Uruguay’s legal cannabis industry may not be as large as industries in other nations, however, it will always hold the distinction of being the first regulated national adult-use cannabis industry in the world’s history. Lawmakers in Uruguay first passed a legalization measure back in 2013, nearly ten…

© Darren4155 | Dreamstime.com

Mike Goral, Armanino:

“We always think domestically, but the export of U.S. cannabis would be a great opportunity”

“When looking at the U.S. cannabis market, it is currently difficult to deny the several changes at hand. At the same time, the worldwide demand for cannabis is greater than what can be produced. Therefore, export could provide an incredible opportunity for U.S. cannabis companies in the future,” says…

© Andrii Zorii Dreamstime.com

Why are cannabis prices crashing?

The supply glut is the symptom, and until the industry recognizes and focuses on the cause, they won’t be able to arrest the problem. Every day for several weeks now, news media outlets, from Forbes to the Washington Post, reveal the breaking news that marijuana prices are crashing, largely placing the…

Michael Sassano, Somai Pharmaceuticals:

High prices, beating the black market, lack of education: “The European cannabis market has a long way to go”

“A major benefit is that the European industry can learn from the work that has already been done in the United States. Still, these industries are two different worlds, and there are many hurdles ahead for the European market,” says Michael Sassano, CEO of Somai Pharmaceuticals. As one of the first…

© Kirill Vasilev Dreamstime.com

Massachusetts adult-use sales closing in on $4 billion

Adult-use cannabis sales in Massachusetts continue to stuff state coffers with cash from tax revenue. The Massachusetts Cannabis Control Commission reports that through Dec. 18, the state saw $1.42 billion in adult-use cannabis sales for those residents over the age of 21. On the medical cannabis side of…

© Nehru Dreamstime.com

MMJ dispensaries in Missouri still have the inside track on recreational sales

Recreational cannabis sales in Missouri are now just a little over a month away. For small business owners like J.C. Cirese, whose business, Doctor Smoke on Broadway, sells legal cannabis derivatives, the wait will be at least a year. "I think it's unfortunate for those smaller businesses who are, you…

© Stefan Malloch Dreamstime.com

US (CA): ‘We’re in crisis mode’: Collapsing cannabis industry guts Garberville businesses

Garberville is in a bad way. The collapse of California’s cannabis market has devastated the local economy and left communities throughout Southern Humboldt struggling to stay afloat. Businesses are closing left and right, and residents who have built their livelihoods around the region’s prolific…

© Peter Kim Dreamstime.com

New York’s first legal adult-use dispensary sale comes from CNY farm

The first legal dispensary for recreational cannabis in New York rung up its first sales on Thursday, opening up what is expected to be one of the country’s most lucrative markets for cannabis — underscored by the dozens of unauthorized shops that have operated in the open for years. The widely…

© Larisa Shpineva Dreamstime.com

"2022 was an important year for South Dakota’s cannabis industry"

While medical cannabis was legalized by South Dakota voters in the November 2020 election, taking effect in July 2021, the state would not issue its first medical cards until November 2021, and a state-certified dispensary would not open until July 2022. Considering much of 2021 was devoted to the…

New cannabis projects and increasing yield: Our best-read articles of 2022

Another year has passed that was full of challenges, so we are all looking forward to a fresh start. But before we move on to the new year, let's take a look at what happened in the cannabis industry in 2022. The figures show that the industry was especially interested in new projects, increasing yield,…

© Roxana Gonzalez Dreamstime.com

Connecticut cannabis shops open, Massachusetts businesses brace for impact

Thomas Macre has visited recreational cannabis shops in Massachusetts. He has seen Connecticut plates in the parking lot and thought about the Connecticut money going into the till. Soon, as a co-owner and manager of Still River Wellness in Torrington, Connecticut, Macre will be in a position to keep…

© Andrii Iarygin Dreamstime.com

D.C. council approves medical cannabis program expansion

The Washington, D.C. city council is apparently fed up with Congressional obstructionism when it comes to the city’s legal cannabis industry. Councilors this week unanimously approved an enormous expansion of the medical cannabis program to ostensibly get quasi-legal “gifting” businesses into the…

© Feelgoodsk Dreamstime.com

US (CO): "The cannabis industry is facing its longest downturn yet, with no end in sight"

Overbuilt and overgrown, Colorado's cannabis industry is now facing a major shakeout. Pandemic-fueled demand has evaporated just as new grow operations flood the market with cannabis. It has turned what had been unending growth into the industry's first downturn. Since adult-use cannabis started in 2014,…

© Sasinparaksa | Dreamstime.com

US (NJ): NJEDA to provide grants of up to $250K to cannabis startups

The New Jersey Economic Development Authority launched a pilot program that will provide grants of up to $250,000 to entrepreneurs who seek to establish themselves in the state’s legalized cannabis marketplace. Under the newly created Cannabis Equity Grant Program, up to $10 million in state funding will…

Energy sales don't compensate for everyone

Revenue Dutch greenhouse grower is on average 1k lower than in 2022

In 2022, the average company revenue per unpaid annual work unit (awu) for Dutch agriculture and horticulture businesses is estimated at €100k. That's €18k more than the…

© Jeremynathan Dreamstime.com

Dr. Nadia Sabeh, Dr. Greenhouse

What are the CEA predictions for 2023?

With the new year just around the corner, Dr. Nadia Sabeh, President and Founder of Dr. Greenhouse, outlines her outlook on CEA in 2023. “First of all, with power interruptions across Europe and a recent United Nations report warning nine years to avert catastrophic warming, design teams for Controlled…

© Taisacankyle | Dreamstime.com

Report: "Cannabis cultivation revenue continues to climb as demand grows across North America"

"The global cannabis cultivation market has grown significantly during the COVID-19 pandemic. The demand for hemp is rapidly growing, as many developed countries have legalized the cultivation and processing of hemp after recognizing the levels of CBD present in it, which is leading to an increased…

© Openrangestock Dreamstime.com

First medical cannabis harvest is underway in North Mississippi

The first crop of medical cannabis is being harvested in Mississippi after the state’s Medical Cannabis Act was passed during the latest general assembly. For growers like Todd Franklin, it’s been a long road to get to this harvest. In the course of around ten months, Franklin has gone from a vacant lot…

© Andrii Zorii Dreamstime.com

Cannabis executives react to failed SAFE Banking Act

“This lack of action will result in lack of access to capital, business closures and job losses”

After the U.S. has made it through an already challenging year in the cannabis industry, these past two weeks the industry has been disappointed by the reports that the SAFE Banking Act has failed to pass. Senate leadership would not include the cannabis banking legislation in a defense budget bill.…

US (CA): DCC files emergency rulemaking action for Track-and-Trace requirements for cannabis goods delivery

The Department of Cannabis Control (DCC) has filed an emergency rulemaking action with the Office of Administrative Law (OAL) that implements Assembly Bill 195, which requires…

BMS Design Studio

US: South Buffalo cannabis plant aims to grow $19 million worth of crops each year

The cannabis cultivation and manufacturing facility now under construction in South Buffalo will be capable of growing more than $19 million worth of recreational pot – enough for more than 5 million joints or 20 million gummies each year, according to the head of the company that will operate it. That…

US (CA): 134-acre outdoor cannabis cultivation aims to be largest producer in California

Fifth-generation agriculturalist William Terry and entrepreneur Stephen Walden unveiled a new operation focused on bringing best-in-class farming practices to California sun-grown cannabis. Rooted in verdant Santa Barbara County, Farming First Holdings, LLC has established 134 acres of rolling outdoor…

Photo 130509183 © Roxana Gonzalez | Dreamstime.com

Canada: Record amount of cannabis destroyed

For the first time since Heath Canada began tracking it after legalization, they report that over a quarter of their domestic cannabis crop was destroyed in 2021. Over 425 million grams, a full 26% of the unpackaged dried flower produced last year, was destroyed, along with all the resources that went…

Lauren DeCicca/Getty Images

US (FL): Moving forward with new rules to grant additional licenses statewide

State health regulators on Monday set in motion a process to issue up to 22 more medical cannabis licenses, in a highly anticipated move that could double the size of Florida's medical cannabis industry. The state Department of Health also published an emergency rule that would make it far more expensive…

Photo 23151452 © Joe Sohm | Dreamstime.com

US: Where does Texas' medical cannabis program stand?

In the 2021 legislative session, lawmakers expanded the state’s medical cannabis program to include patients with PTSD and all types of cancer as eligible candidates. But since then, advocates say the demand has outgrown the current program’s capabilities. The state’s medical cannabis program, the…

Photo 113036595 © Andreaobzerova | Dreamstime.com

A partnership between LSU and Green Flower

Four new medical cannabis education certificates launched

LSU announced that it is partnering with Green Flower, a party in cannabis education, to launch four new online medical cannabis education certificate programs as the state anticipates more than $400 million in legal cannabis sales by 2025. The non-credit programs provide interested professionals with…

Photo 141631795 © Kyrylo Vasyliev | Dreamstime.com

UK: Ananda Developments completes acquisition of DJT Plants

Ananda Developments PLC is pressing on with third-party tests of its 2022 harvested cannabis cultivars in preparation for deciding which varieties to choose for commercial growing. In an operations update, the Aquis-quoted group said it is also preparing for the 2023 natural season cultivation cycle…

© Darren4155 Dreamstime.com

Medical cannabis leaders frustrated as SAFE Banking Act dies in Congress

Legislation that would legitimize finances for the medical cannabis industry will not be heard in a lame-duck session. Senate leadership would not include the Secure and Fair Enforcement (SAFE) Banking Act (HR 1996) in a defense budget bill passed last week. The measure also failed to make its way into a…

© Feelgoodsk Dreamstime.com

Almost all Missouri cannabis facilities applied for new license

One week after cannabis became legal in Missouri, nearly all of the state’s dispensaries, manufacturing, and cultivation facilities have applied to change their licenses. The businesses went through an application process to secure a Missouri medical cannabis license when it became legal in 2018. Now,…

© Andrii Iarygin Dreamstime.com

Too much cannabis and not enough stores: New York growers fear oversupply

Like other cannabis growers across New York, Paal Elfstrum was thrilled to harvest his first legal cannabis crop this fall at Wheatfield Gardens in North Tonawanda.But that joy soon turned to uncertainty when a lawsuit led to an injunction pausing adult-use retail sales in five regions of the state,…

© Darren4155 | Dreamstime.com

Texas to open up medical cannabis licenses: “Creating a more competitive and transparent market"

For the first time in over six years, interested growers have a shot in the Texas medical cannabis market. Currently, there are only two operating licenses in the state, but this is supposed to change soon. “We will begin to take applications for new licenses around mid-January,” says Wayne Mueller,…

© Andrii Zorii Dreamstime.com

US (NJ): Adult-use cannabis sales jump to more than $100 million in third quarter

Sales receipts on adult-use cannabis in New Jersey for July 2022 to September 2022 totaled $116,572,533. With medicinal cannabis sales included, the total goes up to $177,710,764. There are now 20 dispensaries in New Jersey selling adult-use cannabis; another 10 sell medicinal cannabis to registered…

© Ondrej Hajek Dreamstime.com

Kansas lawmakers hold final medical cannabis meeting after touring grow facility

Kansas lawmakers on Thursday held the last in a series of special committee meetings on medical cannabis issues that will be used to inform reform legislation that will be introduced in the 2023 session. The Special Committee on Medical Marijuana, members of which toured a Missouri cannabis cultivation…

© Anton Petrus Dreamstime.com

US (CO): "Decline in cannabis prices squeezes growers' livelihoods"

Cannabis cultivators in Colorado are feeling the pinch of declining wholesale prices for their product, forcing some out of business and others to diversify into side business prospects that provide a more reliable source of income.Monday's release of the state's October and November cannabis tax and…

© Anton Medvedev Dreamstime.com

Colombia’s congress agrees to final cannabis legalization bill

Colombia’s Chamber of Representatives and Senate have voted to reconcile their respective versions of cannabis legalization bills that recently advanced, with both bodies accepting minor changes to create a unified final product that’s now set to advance to key votes in the new year. Because the…

© Ryland Zweifel Dreamstime.com

US (CA): Third generation family farm forced to stop due to falling cannabis prices

Brandon Wheeler has grown cannabis professionally for 20 years. His parents grew cannabis before him, and so did his grandparents. Despite these deep roots in the industry, he still felt a weight lift when he pulled his last cannabis plants out of the ground this July and shut down his legal cannabis…

© Eric Limon | Dreamstime.com

UNCTAD report

"Hemp’s versatility and sustainability offer huge opportunities for developing countries"

"Hemp is an amazing plant. It uses a fraction of the water needed to grow cotton, every part is useful, and it absorbs more carbon dioxide per hectare than other crops and most trees. Cultivated for thousands of years, the eco-friendly plant can be used in food products, biofuels, textiles, and even…

© Ryland Zweifel Dreamstime.com

Switzerland's adult-use pilot program to start in January 2023

A study that is expected to “open the door” to more adult-use cannabis trials in Switzerland and Europe is back on track after the second batch of cannabis was approved for use. Pure Production AG confirmed that it had received approval from Swiss health authorities to supply the cannabis after its first…

© Psisaa Dreamstime.com

Reviewers needed to score applications for Alabama medical cannabis licenses

The University of South Alabama is recruiting people to evaluate applications for medical cannabis business licenses in the state.In 2021 the Alabama Legislature passed a bill laying out a framework for medical cannabis production, sale, and use in the state. It authorizes medical cannabis as a treatment…

© Taisacankyle | Dreamstime.com

US: Plans to provide presidential cannabis pardon certificates through 10-minute application process

U.S. Pardon Attorney Elizabeth Oyer said that the Justice Department would soon give people the opportunity to obtain certificates for presidential cannabis pardons through a soon-to-be-launched application process that they expect will only take 10 minutes to complete. The official also weighed in on…

© Krailas Yothayath Dreamstime.com

"South African cannabis industry poised for huge growth in 2023"

Globally the cannabis and hemp market are thriving, and African countries are significant contributors to the supply chain. According to The African Cannabis Report, global sales of cannabis-related products and cannabis could reach a total of $102 billion by 2026."South Africa is still in the early…

© Andrii Zorii Dreamstime.com

"Cannabis SAFE Banking Bill is in trouble, but there may be a silver lining"

The cannabis industry failed to get the banking legislation it wanted yet again last week — but so-called SAFE Banking may not have been the panacea that many had hoped for. There’s still a sliver of hope that the bill, which failed to get attached to the defense budget last week, may yet get attached to…

© Dmitry Tishchenko Dreamstime.com

Kansas lawmakers to tour Missouri facility as they finalize medical cannabis bill for 2023

Kansas lawmakers on Friday held the latest in a series of meetings of a committee charged with preparing a medical cannabis legalization bill that the full legislature can consider in the 2023 session. Sen. Robert Olson (R), who chairs the Special Committee on Medical Marijuana, also announced that…

© Roxana Gonzalez Dreamstime.com

US (MO): "Half of all medical cannabis licensees have applied to sell adult-use cannabis"

Adult-use cannabis is now legal in Missouri for those 21 and older, but you won’t be able to buy the product until next year.  Last month, voters decided to join 20 other states in legalizing adult-use cannabis. Now the Department of Health and Senior Services (DHSS) is working to allow dispensaries, cultivators,…

© Eric Limon Dreamstime.com

Hexo CEO:

"Private equity to drive cannabis mergers and acquisitions in 2023"

Hexo Corp. Chief Executive Officer Charlie Bowman believes that next year will be a busy one for cannabis dealmakers as he expects private equity firms to increasingly wade into the sector to consolidate underperforming companies.“This industry, if you take a look at the asset values and what the…

© Jan Mika | Dreamstime.com

Guam: More cannabis officials approved, but no business applications yet

There are now 11 government-approved “responsible officials” for the island’s new adult-use cannabis industry, but no one has taken the next step of applying for a cannabis establishment license, according to the Department of Revenue and Taxation. The Cannabis Control Board Monday afternoon approved two…

© Krailas Yothayath Dreamstime.com

US (KS): Lawmakers plan to introduce medical cannabis legislation at start of session

After months of meetings, compiling data, and listening to research, lawmakers say they’re ready to take another shot at legalizing medical cannabis. Sen. Rob Olson, R-Olathe, and chair of the 2022 Special Committee on Medical Marijuana, said he planned to introduce a medical cannabis bill at the…

© Tinnakorn Jorruang Dreamstime.com

Impact report showcases company and community initiatives across the U.S.

Columbia Care has released its first-ever Corporate Social Responsibility (CSR) report, Cultivate Impact. The report, which reflects on the past year, highlights local, national, and industry initiatives that have made a positive impact specific to the company’s focus areas: opportunity, inclusion,…

© Krailas Yothayath Dreamstime.com

Cannabis now legal in Missouri, but you can't buy it yet

As of Thursday, it's lawful for adults to possess and use cannabis in Missouri. That doesn't mean you can legally buy it just yet, or use it everywhere. Medical cannabis has been legal in the state since a ballot measure passed in 2018, but voters went a step further this November by approving a…

© Dmitry Tishchenko Dreamstime.com

Challenges ahead for the cannabis industry in 2023

The cannabis business is booming, isn't it? Well, it depends on how you look at it. 2022 has been a challenging year for the cannabis industry as a whole, and 2023 looks like it will be kicked off with similar difficulty. Data predictions, such as those from New Frontier Data, show revenues from cannabis…

© Elantsev Dreamstime.com

Survey: Two-thirds of Czechs support liberalization of cannabis laws

Most Czech citizens believe that the current legislation on the possession and growing of cannabis should be less strict, according to a survey conducted by Behavio for the Charter 420 civic initiative, which campaigns for the introduction of a regulated cannabis market. National anti-drug coordinator…

© Igor Shapovalov Dreamstime.com

US (CA): County reaches 100 cannabis cultivation licenses

This week marks the noticing of the 100th commercial cannabis cultivation license since licenses began being noticed in May.The new licenses differ from the hundreds of previously released “provisional” licenses in that every license issued must have a fully completed CEQA determination, whereas before,…

© Eric Limon Dreamstime.com

New report on cannabis in Alaska says industry may be hitting its ceiling

After years of growth, Alaska’s cannabis industry appears to be hitting a plateau, with the pace of employment and tax revenue increases leveling off. The assessment comes from a new report on Alaska’s economic trends by the state’s Department of Labor and Workforce Development, which finds the industry…

Demecan

Germany's homegrown cannabis industry awaits legalization

In the east German countryside, close to Dresden, a former abattoir is now home to the biggest indoor cannabis farm in Europe. Behind the recently renovated concrete walls, the German startup Demecan has been growing cannabis in accordance with the law for the past year. The company is one of only a…

© Alena A Dreamstime.com

"Standardized credentials validate knowledge, skills and competencies across the cannabis supply chain"

After more than a year of intensive program development in partnership with 40+ leading cannabis operators, GF Institute is launching three cannabis certificate programs designed to ensure workers have the foundational knowledge, skills, and competencies needed to succeed within the fastest-growing…

© Anton Medvedev Dreamstime.com

Bringing country closer to ending prohibition

Colombian senate approves cannabis legalization bill

The Colombian Senate has overwhelmingly approved a bill to legalize cannabis nationwide, though there are still more legislative steps that need to be taken before it’s potentially enacted into law. The bill, which has also already received initial approval in the country’s Chamber of Representatives,…

© Feelgoodsk Dreamstime.com

SA: "Cannabis cultivation may be boon for poorer communities"

South Africa has made significant regulatory progress in the past five years surrounding the consumption and distribution of cannabis. Industry stakeholders claim there was more to yield from the "leafy green plant" that could benefit the poorest of the poor. Deputy Minister of Trade, Industry, and…

© Krailas Yothayath Dreamstime.com

European cannabis - The making of an industry

Europe is set to become one of the world’s largest legal cannabis markets. With a population of 557 million people, Europe (ex., Russia and Ukraine) could present greater market potential than the US (330m) and Canada (38m) combined, where legal cannabis sales are expected to hit EUR32bn and EUR4bn…

© Atomazul Dreamstime.com

US (MS): "Scammers are looking to take advantage of the new medical cannabis industry"

It’s been almost a full year since the sale of medical cannabis was approved in Mississippi. Although the product still isn’t available for purchase, some patients who need the treatment are discovering the complications of the process of obtaining a medical cannabis card. Scammers are also looking to…

© Roxana Gonzalez Dreamstime.com

Biden’s Health Secretary gives update on cannabis scheduling review

The head of the U.S. Department of Health and Human Services (HHS) says that the Biden administration is committed to supporting evidence-based policies for cannabis as it works to complete a review of federal cannabis scheduling that was directed by the president. That science-focused approach also…

© Chimpinski Dreamstime.com

"Medicinal cannabis in Australia is becoming more affordable"

According to Levin Health, research into medicinal cannabis has uncovered a clear movement away from illicit use to legal use. People using cannabis for health reasons prefer the layer of safety that comes with medically prescribed treatments. However, the Cannabis as a Medicine (CAMS20) survey found…

© Eric Limon | Dreamstime.com

US (NV): "This has been the worst year for our margins"

When Steve Cantwell heard his ticket number read during Wednesday’s Cannabis Control Board meeting, it was as if the Pahrump-based business owner had won the lottery.And he did, kind of. The co-owner of Green Life Productions, one of the state’s cannabis cultivators, was awarded one of 10 licenses to…

© Tatiana Golmer | Dreamstime.com

Dutch coffee shop experiment postponed again, now scheduled for 2024

The adult-use cannabis experiment is being postponed again. It is likely that legally produced adult-use cannabis will not be sold in 11 municipalities until 2024. This was announced by Minister Kuipers (Public Health).The implementation of the cannabis experiment is "extremely complicated," according to…

© Darren4155 | Dreamstime.com

What do industry executives think 2023 has in store?

“Next year, cannabis pricing should stabilize as supply and demand balances”

2022 has been a challenging year for the U.S. cannabis industry, to say the least. In the mature state markets, growers have been dealing with competition and price compression, and many are struggling to make a profit. At the same time, the industry saw some flickers of hope a couple of months ago when…

© Jan Mika | Dreamstime.com

CAN: Cannabis greenhouse grower hoping government makes changes

It will be difficult for licensed cannabis producers to continue to operate unless the federal government allows changes to the Cannabis Act. That’s what large-scale East Ladner greenhouse operation Boundary Bay Cannabis is again warning regarding the recently launched review of the act, hoping it may…

© Anton Petrus Dreamstime.com

Connecticut's cannabis industry could quickly become unionized

Union representatives have signed agreements with dozens of new and existing cannabis businesses in Connecticut, allowing them to launch organizing campaigns geared toward the state’s expanding cannabis workforce, with the state preparing to launch legal cannabis sales early next year. The United Food…

© Eric Limon Dreamstime.com

Legal cannabis in Washington turns 10 - What challenges lie ahead?

When a couple of hundred enthusiasts and activists gathered at the Space Needle 10 years ago to celebrate Washington’s decriminalization of cannabis (and flout the law prohibiting public consumption), there was underlying anxiety over whether the federal government was going to come and shut everything…

© Openrangestock Dreamstime.com

Michigan cannabis market speeds ahead

The influx of cannabis stores and news surrounding the industry is not just a flash in the pan. The sector continues to grow, and Michigan is one of the largest markets in the U.S. Michigan is already a $2 billion cannabis market, making it the second-largest cannabis market in the U.S., according to…

© Atomazul Dreamstime.com

"Number of patients grew by 50%"

Patient demand for medicinal cannabis in Australia continues to grow

According to Levin Health, as the stigma around medical cannabis dissolves, interest and acceptance are on the rise. Between Q1 and Q3 in 2021, the number of patients grew by 50%.  Levin Health explains that many Australians have dealt with years of long waiting lists and high costs in some traditional medical…

© Openrangestock Dreamstime.com

US (VT): "Unfortunately, there's a bottleneck with testing"

As Vermonters stock up on rock salt and firewood ahead of winter, some White River Valley inhabitants are spending their time ducking beneath rows of LED lights and laboring over hydroponic setups as they move their unique farming operations indoors. Vermont’s adult-use cannabis market has taken off this…

© Eric Limon Dreamstime.com

US (MS): Medical cannabis is growing in multiple facilities, products could be available by start of 2023

There are a lot of puzzle pieces that need to fit together for the medical cannabis industry to be fully up and running and most of those are now in place. “We’re hearing that the testing facilities should be ready and operable come the middle of December,” noted Calhoun. “And so that means that…

© Dmitry Tishchenko | Dreamstime.com

Mississippi’s first cannabis cultivator promises jobs for Meridian

As Mississippi’s first company to receive licensing for medical cannabis cultivation and processing in the state, Southern Crop and its relationship with its hometown of Meridian will be something to watch. The company’s chief marketing officer, Yesenia Garcia, said the initial reception from the city…


Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber