Market info

Colombia positions itself in the European Medical Cannabis market

Colombia is positioning itself as a key player in the international medicinal cannabis market. At the international level, Colombia's regulatory framework is one of the most complete, including a wide range of measures that apply to the seeds, crops, and transformation of the plant as well as the…

US (CO): July cannabis sales went over $200 million

Colorado cannabis sales set a record yet again in July, eclipsing $200 million in a single month for the first time. Dispensaries sold $183,106,003 in recreational cannabis…

CAN: Cannabis drives increase in agricultural income

Led by surging cannabis sales, farm cash receipts in the first half of the year bucked the general decline caused by the coronavirus. Receipts of $16.7 billion increased 5.2…

US: Federal report shows fewer banks are working with cannabis business amid coronavirus

The number of financial institutions servicing the marijuana industry declined again over the last fiscal quarter, new federal data shows, though there seem to be multiple…

Could cannabis boost Indian economy?

Several countries in the West have taken steps in the recent past to move away from the criminalisation of cannabis use. Even in the US, which internationalised its form of…

CAN: Latest stats show cannabis manufacturing jobs down by one-third in first half of 2020

As 2020 unfolded and the world got hit by the Coronavirus pandemic, cannabis operators, some of which was already navigating troubled waters, had to adjust their operation in…

CAN: Deadline extension for isolation support program MISTFW

The federal Quarantine Act has been extended until September 30, 2020. As a result, the Mandatory Isolation Support Program for Temporary Foreign Workers (MISTFWP) application…

Malta experiencing medical cannabis shortage leaving patients in the dark

Need pain relief? Pharmacists are unlikely to change your prescription for Catafast to Panadol. Yet this is the situation for those prescribed medical cannabis brands in Malta, as a shortage is forcing them to switch to weaker medications. The cannabis advocacy group ReLeaf has highlighted a current…

CAN: Legal cannabis spending outmatched illicit market for the first time in Q2

Canadian household spending on legal cannabis in the second quarter of the year outpaced the illicit market for the first time, marking a significant milestone for the…

'Chaos breeds opportunity' in fastest-growing medical cannabis market

States like California and Colorado may grab all the headlines when it come to cannabis, but it’s Oklahoma’s medical market that’s seeing the fastest growth in the U.S. This…

ZA: Unique opportunities in the cannabis sector and the bioprospecting economy

In August 2020, the draft Cannabis for Private Purposes Bill was published in South Africa, providing for the regulation of cannabis for home use and cultivation. While there is still no commercial framework for cannabis in the country, South Africa has a bioprospecting regulatory framework that supports…

US (IL): Regulator says cannabis industry is recession-proof

The cannabis industry is “recession-proof” and “pandemic-proof,” the top cannabis regulator in Illinois said in a recent interview. Toi Hutchinson, the state’s cannabis czar,…

Cannabis is the answer to declining state revenues

As states grapple with flagging tax revenues and soaring unemployment as a result of the COVID-19 pandemic, governors, and state legislators are going to face a quandary: either cut back on programs voters like or increase taxes to keep them funded. According to a recent assessment by iUNU, many…

How close to profit are Aurora and Canopy Growth?

Aurora Cannabis and Canopy Growth have some bragging rights. They're two of the biggest Canadian cannabis producers. Both companies target popular recreational marijuana…

Bigger isn't always better for cannabis companies trying to survive the pandemic

Cannabis companies are learning that to survive the pandemic, bigger isn’t necessarily better. Specialized operations and a narrow geographic footprint are buoying cannabis providers such as Trulieve Cannabis Corp. at a time when the broader industry is struggling with falling demand and capital…

CAN: Growers embrace selling cheaper cannabis

It took some time, but Canadian cannabis producers appear​ to have finally embraced selling cheaper pot.  The so-called value segment of the Canadian cannabis market - defined by one analyst as having a retail price below $6 per gram - has exploded in recent months: it accounted for slightly more than 40 per…

Southern Europe to become largest medical cannabis supplier

The rising demand for medical cannabis in Europe, driven primarily by maturing markets such as Germany, Italy and the Netherlands, has opened the door to new sources for medical cannabis across the continent. The Dutch government, through its sole cultivation contractor Bedrocan, has recently supplied…

What is holding the cannabis industry back?

Factors thwarting the growth of the cannabis sector both in Canada and the U.S. include regulatory delays, supply issues, a fewer number of legal stores than initially expected, and tax concerns. But perhaps the biggest roadblock is black market sales. Supply issues stemming from the fewer-than-expected…

US: Prospects of US legalizations attracts wave of mergers and acquisitions

After nearly a year of next-to-no deal-making, cannabis companies are gearing up for mergers and acquisitions as realistic stock valuations and the prospect of U.S.…

ZA: Hopes for economy as KwaZulu-Natal govt invests in cannabis industry

As the South African economy reels from the economic lockdown that has hit many industries hard, the KwaZulu-Natal Department of Economic Development, Tourism and Environmental Affairs was investing in the cannabis industry. Representatives of the industry have said that the easing of regulations around…

US: Total hemp farming acreage shrinks for the first time

The approval of The Farm Bill in 2014, allowing the implementation of hemp pilot programmes by individual states, was the trigger for a hemp resurgence in the US, a crop which had been effectively outlawed for the previous 40 years. Successive legislative reforms in 2018 differentiated cannabis, a…

CAN (ON): Cannabis store lottery winners sell shops as more consolidation expected

More than a year after winning the chance to open one of Ontario’s first cannabis stores through a provincial lottery, Lisa Bigioni has walked away from her Niagara Falls cannabis shop. The store had become like a second home and it was painful to leave, but Bigioni wanted to make good on a deal she…

US (ME): Waterville attracting medical cannabis, cultivation businesses

The city is becoming a popular place for medical cannabis retail stores, as well as growing and cultivation facilities. In just the last week, the Planning Board on Monday approved a final plan for a cultivation facility at 46 Industrial Road, and the City Council on Tuesday approved cannabis retail…

Canapar Corp.

Discussing the Italian cannabis industry with Sergio Martines, CEO of Canapar

Italy poised to capitalize on hemp opportunities

The EU is considered to be one of the most profitable cannabis markets, with many countries that have implemented medical cannabis regulations with a special focus on quality and patient access. Indeed, medical cannabis medicines are usually paid for by the national healthcare system, as happens in…

CAN: Record cannabis sales not driven by increased store count, StatsCan

In emerging industries like Canadian recreational weed, accurately deciphering data can be a doozy. May’s record retail sales figures from Statistics Canada are a prime…

US (OH): As the medical cannabis industry matures, sales rise substantially

Sales at Ohio’s medical-cannabis dispensaries continue to climb despite – or perhaps because of – the coronavirus pandemic. Dispensaries sold about $17 million worth of…

How cannabis can fuel a British agri-tech revolution

The Covid-19 pandemic has accelerated the need to localise supply chains and ensure our food security. Controlled environment agriculture is an essential tool in achieving this. If the UK is to thrive in a competitive global marketplace for food, it needs to dramatically improve its production output and…

US (MI): Michigan cannabis industry licensed to grow over 500,000 plants

A rapidly growing number of marijuana plants are reaching toward high-wattage grow lights across Michigan. This has resulted in slowly decreasing retail prices for both medical and recreational marijuana. The price reductions come following a spike after the opening of the first recreational marijuana…

Israel overtakes Germany as largest importer of medicinal cannabis flower

Israel has officially overtaken Germany as the largest importer of medicinal cannabis in the world so far in 2020, according to data compiled by Tel Aviv-based Cannabis…

US (OH): "Demand is outstripping supply"

Some smaller medical cannabis cultivators in Ohio say they are running out of room to grow their product and it is impacting patients.Aaron Morgan, vice president of cultivation, compliance and inventory at Dayton grower Ohio Clean Leaf, said he feels it’s not fair to medical cannabis patients. “If…

CAN (QC): Implementation agreement of Peat and Substrate Cluster signed

Québec Peat Moss Producers Association (APTHQ), in collaboration with the ministère de l’Économie et de l’Innovation (MEI), is proud to announce the signing of the implementation agreement of the Bas-St-Laurent Peat and Substrate Cluster for the 2019-2024 period. Resulting from the ACCORD approach…

Australia's medicinal cannabis sector continues to grow

With Australia’s cannabis economy growing exponentially following the country’s 2016 move to permit the medical use of cannabis, industry analysts are projecting further legislative shifts in favour of cannabis and hemp once the worst impacts of the COVID-19 pandemic have subsided. In mid-June, the…

CAN: Dried cannabis sales represent 73% of Canadian market

After a brief pause from March to June, Health Canada has again begun publishing their monthly market update for the cannabis industry, with increases in packaged units of…

Insights into the state of the cannabis industry during global pandemic times

Some of the largest cannabis companies have been navigating troubled water recently. Many cannabis giants like Canopy Growth, Aurora, and Tilray have been restructuring their business, with a number of staff laid off and projects put on hold. With the coronavirus outbreak, the world economy slowed down,…

US (OH): Craft growers want state green light to expand as products sell out

The About Wellness Ohio dispensary in Lebanon has more than two dozen different types, or strains, of medical cannabis on its daily menu. But the strain that helps Kathryn Kehoe manage her Crohn's disease the best has been out of stock for months. There are other strains that help, she said, but CV#5…

The export and supply of medical cannabis in Spain

Spain was one of the first countries in Europe to decriminalise the personal use and cultivation of Cannabis. Legislation also allows for the cultivation and personal use of cannabis for recreational and medical reasons. However, in much of the country, patients do not benefit from medical cannabis…

EU market for MMJ still a long way to full bloom

A temporary shortage of Dutch hemp flowers intended for export to Germany has put the spotlight on a lack of diversified supply sources and uniform quality standards in the growing European market for medical cannabis. In the first half of June, the Dutch government office responsible for exporting…


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