Market info

Bruce Linton on CannTrust, being fired, and where he goes from here

Nearly a month after being ousted from the cannabis company he founded, former chairman and co-chief executive officer of Canopy Growth Corp. Bruce Linton joined BNN Bloomberg to discuss everything from the CannTrust Holdings Inc. “mess,” to cannabis as a federal election issue, and what his plans are…

CAN: StatsCan, cannabis industry's job, revenue have increased since legalization

Employment in Canada’s cannabis industry has nearly quadrupled in the past year, while the number of companies in the space has more than doubled, according to the latest…

Hemp industry benefitting from US-Chinese trade war

An increasing number of U.S. farmers affected by low prices and reductions in Chinese agricultural purchases are now seeking economic refuge by planting hemp. And in many cases, hemp is saving farmers from bankruptcy. In many farming areas — in particular Western Kentucky and Tennessee — the movement to…

US (FL): FBI arrests cannabis stock manipulators

Three South Florida men have been arrested as part of a ring of cannabis stock manipulators by the Northern Ohio Department of Justice. Charles Vaccaro, Eli Taieb, and Dror Svorai were all charged with securities fraud, wire fraud, and conspiracy after two FBI agents went undercover posing as bad actors…

US (CA): Vertical integration California style

I live in New Jersey, which is light-years behind California on everything cannabis. That is why I pay so much attention to the cultivation scene on the West Coast. No matter how, if or when New Jersey is legalized, massive hurdles must be overcome, just to remain relevant. That's why I suggest becoming…

US (AR): MMJ sales reach a high of $6M

The Natural State's medical marijuana sales have skyrocketed to $6 million since dispensaries began opening up in May. Eight dispensaries are scattered throughout Arkansas,…

Competition heats up in the cannabis market as regulations ease

Since Canada fully legalized cannabis, over 200 businesses have obtained licensing approvals to operate cannabis-related activities. And while the number of Canadian-based…

CAN: Agricultural Land Reserve cannabis rules spark boom in conversions

Agricultural Land Reserve rules enacted last summer have fuelled a boom in commercial greenhouse conversions to cannabis production in the Lower Mainland. At least 5.2 million square feet of greenhouse space — about 120 acres or 50 hectares — is being converted from tomato and pepper production after the…

US (LA): Grower says 5,000 in Louisiana for MMJ program

Two weeks after Louisiana patients began receiving medical cannabis, the program is humming along without supply disruption and with thousands of people receiving the drug for…

US (OR): This is where Oregon's overproduced cannabis is going

Oregon has a cannabis problem. How big of a problem it is depends on whom you ask, but the gist is that people in the state are growing way too much cannabis. In fact, you may…

US (CA): California cannabis sales set to pass $3B this year

A new report released today by Arcview Market Research and BDS Analytics shows how California’s legal cannabis sales are on an upswing despite the market’s initially rocky…

Corruption affecting South America cannabis industry

One of the hot topics in Colombian agribusiness is the nascent medicinal cannabis business. That it is a bubble, that they could be a world power, that they have the climate…

Can small business survive in the world of big cannabis?

If you can say one thing about the Pioneer Valley, it’s that we love local. We champion and support small business, artists, makers, musicians, farmers, organic food, craft beer and pretty much artisanal anything. My recent expedition to INSA — the adult recreational use dispensary in Easthampton where I…

CAN (ON): Company reports $1.3B Q1 loss as soaring expenses offset revenue growth

Canopy Growth Corp. reported a net loss of nearly $1.3 billion as higher expenses offset revenue growth in the first quarter. Canopy reported Wednesday it lost $1.28 billion…

UK: Corbyn's son grows his hemp empire

Jeremy Corbyn’s youngest son Tommy is preparing to open his hemp shop in the Labour leader’s Islington North constituency next month — and is extolling the plant as “part of…

US (FL): Pitching citrus farmers on industrial hemp

Hemp products are more than a fad, according to Florida’s cannabis czar, Holly Bell. Bell, director of cannabis for the Florida Department of Agriculture and Consumer Services, spoke of the 25,000 uses for hemp. Speaking at the Citrus Expo and Vegetable and Specialty Crop Expo in Lee County, she…

US (IL): Rock Island looks to capitalize on cannabis industry

The City of Rock Island hopes to benefit from the legalization of marijuana, as one grower looks to bring even more business to the area. Rock Island Aldermen voted Monday,…

US: Cannabis cultivation in Michigan raises questions about workforce, environmental impact

Michigan voters' approval of the Michigan Regulation and Taxation of Marihuana Act (MRTMA) last November resolved one major legal anxiety for the state's cannabis industry, but it also introduced countless new questions. There's still considerable uncertainty over specifics of the state's recreational…

How hemp opens the door for cannabis investment

It is not easy to tell hemp and cannabis apart. Just ask police in Oklahoma and Idaho, where they recently arrested truckers hauling hemp from state to state and impounded their cargoes because the legal hemp looked like illegal cannabis. The biological distinctions between hemp and cannabis might only…

US (MD): How a Maryland bank is solving the cannabis industry's cash problem

Most banks refuse to open accounts for cannabis-related businesses even in states where pot is legal, citing federal laws that outlaw the drug and consider it on par with…

Sleepy Israeli town wants to reach new highs with medical cannabis

Israel’s southern town of Yerucham is just some 126 km (78 miles) south of Tel Aviv, a two-hour leisurely drive, but it could feel like light years away from the nation’s secular high-tech mecca, where young entrepreneurs whiz from meetings at trendy cafes to hang out at the beach with friends after work…

Can the power-hungry cannabis sector turn over a new leaf?

If you pass the goats grazing on the hillside, you've missed it. Up a long country driveway at a ranch-style farmhouse in Ancaster, Ontario, there's no sign telling visitors they've arrived at Canada's largest licensed producer of organic cannabis. Just a badminton net. "We're trying to give it a…

Colombia seeks to be a cut above on cannabis

With interest in medical marijuana booming, the big North American cannabis companies are increasingly looking abroad for places where they can grow plants easily and cheaply. Colombia, with its equatorial climate and 12 hours of daylight all year round, fits the bill. Land and labour is relatively…

Canada: Cannabis sales up 14.8% to more than $85 million

Retail sales in Canada declined for the first time in four months, edging down 0.1% to $51.5 billion in May. Sales at cannabis stores (+14.8%) rose in May, surpassing $85 million. This increase marked the third consecutive month of double-digit growth. Gains were widespread across all provinces, with…

Israel: Inter-ministerial squabble delays export of medical cannabis

An inter-ministerial disagreement on the question of controlling the price of medical cannabis is the new barrier in the continuous saga of Israel’s medical cannabis export. The Israeli Ministry of Finance has spearheaded the export process, expected to net Israel between $70 million and $1 billion a…

Export increases to 2500 kilograms a year

The Netherlands accepts the German request for 1000 extra kilograms of medicinal marijuana

The demand for medicinal marijuana in Germany has increased, which is why the Netherlands was requested to export an additional 1000 kilograms of medicinal cannabis to their…

Why is big pharma heading to Canada for its cannabis patents?

Currently, seven of Canada’s top ten cannabis patent holders are major multi-national pharmaceutical companies, according to a joint research project by Washington D.C.-based New Frontier Data and London-based cannabis bio-technology firm, Grow Biotech. The list includes Ciba-Geigy AG (Switzerland) with…

Early search for CannTrust buyer underway amid Health Canada probe

As CannTrust Holdings Inc. awaits its fate after running afoul of federal regulators, BNN Bloomberg has learned there’s early-stage interest behind the scenes to find a white…

CBD and medical cannabis in Africa

Because of reasons like the plant being illegal almost everywhere on the continent and poor economic conditions afflicting many of its countries, the African cannabis market…

CannTrust breach will damage legal cannabis market

Investors made it clear last week that they no longer trust CannTrust Holdings. The company’s regulatory breach may further erode consumers’ trust in the legal cannabis market…

"One year of medical cannabis in Portugal"

Authors: João Taborda da Gama & Joana Albernaz Delgado July 18 marks the first anniversary of the Portuguese medical cannabis law. Law 33/2018 set the framework for the regulation of the use of cannabis-based medicinal products, preparations and substances that would effectively allow Portuguese…

US (OR): Cannabis retailers say they lack fresh supply

Retailers are beginning to feel the sting of a shortage of fresh Oregon cannabis, harvested in the past three to six months, despite a surplus on the market. The shortage is causing prices to rise, if only slightly, retailers and growers say. At a meeting Tuesday evening, the Oregon Liquor Control…

Africa's budding cannabis market

Cannabis has been employed in traditional African herbal medicine since time immemorial. Today, much of the world is playing catch-up. The multi-billion dollar global cannabis industry is booming as companies cite the benefits of medical marijuana for treating pain and inflammation and possibly even soothing mental illness and…

CAN: StatCan, legal cannabis price as much as 80% more than illicit

The average cost of a gram of cannabis from the illicit market continues to drop as legal prices rise — with authorized retailers charging as much as 80 per cent more,…

Thailand leads slow push to legalize cannabis in Asia

Thailand's general election in March had a potentially powerful side effect: It made a party that advocates the full legalization of marijuana the country's fourth-largest political force. In a region that maintains some of the harshest narcotics laws on the planet, including death for trafficking, the…

Plans to develop Australian hemp industry

Australian Primary Hemp (APH) plans to take its hemp to the world stage, after announcing two weeks ago that it would list on the Australian Stock Exchange. APH chief operating officer James Hood said the company's ASX listing would further develop the Australian hemp market. "We have some of the best…

US (AR): MMJ sales top $2M in 2 months

Medical cannabis sales in Arkansas have totaled $2.2 million since the first dispensary opened in the state on May 10, according to Department of Finance and Administration…

US (CA): New California hemp regulations paving the way for widespread cultivation

California is making progress in terms of enabling widespread commercial and industrial hemp cultivation. New industrial hemp regulations in the state establish registration procedures for growers and have already gone into effect. As per California law, industrial hemp growers are required to register…

Colombia, the next threat to Canada's cannabis industry

Being the only developed jurisdiction to legalize the recreational consumption of cannabis has seen Canada become the global leader in cultivation, processing, and distribution of cannabis. This has been a boon for companies such as Canopy Growth, Aurora Cannabis, and Cronos Group, which have seen their…

US (CA): The problem of high cannabis taxes in California

Two years ago, California voters overwhelmingly approved Proposition 64, which legalized adult cannabis use. Fast forward two years later, and the illicit market is “getting…

US (MO): More than 500 businesses want to sell or grow MMJ in Missouri

Business owners want to open at least 89 marijuana dispensaries in the St. Louis area, according to state data released Tuesday. As of June 20, regulators had received pre-filed application fees from people who want to open at least 137 businesses that grow marijuana, make infused products and sell both…

An in-depth look at the Australian cannabis market

Boxing legend Mike Tyson is developing his own marijuana holiday resort, the Tyson Ranch near Desert Hot Spring. The resort will include a music festival venue, a luxury…

Europe setting the standards for cannabis products

As government authorities come to grips with legislation of cannabis-based products, expanding rapidly year on year, the European market holds a key position. The combination…

Canadian grower targets expansion in Europe as the regulatory environment progresses

The opportunity for cannabis companies in operating in Europe as has been highlighted by the chief corporate officer of the world’s largest cannabis company, Aurora Cannabis.…

IT: Cannabis light, the Italian 'green gold rush'

It's been called the Italian "green gold rush." Mild, barely there cannabis dubbed "cannabis light" has put Italy on the international weed map, producing hundreds of stores that sell pot by the pouch and attention from investors banking the legalization of stronger stuff will follow. The flourishing…

US poses biggest threat to Canada's booming cannabis industry

The chief executive of one of Canada’s cannabis producers hopes the country’s largest business association will help the industry confront its number one threat - competition…

UN World Drug Report 2019: information on cannabis market

Demand for cannabis Global prevalence of cannabis use has remained stable in recent years, despite an increase in the number of cannabis users Cannabis continues to be the most widely used drug worldwide. UNODC estimates that roughly 3.8 per cent (range: 3.3–4.4 per cent) of the global population aged…

Jamaica allows medical cannabis, but now what? ‘We’re not going to be like Colorado.’

This is the medical cannabis experience in Jamaica, where permission to legally smoke takes all but five minutes. No local address needed. No medical record requested— not even a physical exam is required. “Right now, this — this is a phenomenon,” Christopher “Birdheye” Gordon, the owner of Island…

MMJ approval spreads across South America

By most measures, the anti-narcotics raid was a raging success. After forcing their way into the apartment, police here in Peru's capital seized five kilograms (11 pounds) of cannabis and equipment, including grow lights and fertilizer. The entire property in the Lima district of San Miguel, overlooking…

US (CA): How Santa Barbara opened the door to cannabis cultivation

In a sandy draw of the Santa Rita Hills, a cannabis company is planning to erect hoop greenhouses over 147 acres — the size of 130 football fields — to create the largest…

AgTech industry making inroads in North American cannabis sector

This year has been a “record-breaking year” for the AgTech industry that’s seen US$16.9 billion in funding spread across 1450 investments. According to a recent Forbes article, most of these investments are located in the US — California specifically, with $5 billion worth of deals. As for Australia,…

LS: Investment grows in Lesotho's cannabis market

In May 2017, Lesotho became the first African nation to grant a licence to grow medical cannabis legally. The licence permits the manufacture, supply, export, and transport of medical cannabis and cannabis products from Lesotho, according to strategic cannabis consulting firm Prohibition Partners 2019…

CAN: Governments earned $186M in cannabis taxes in 5 1/2 months of legalization

Federal and provincial governments earned $186 million in cannabis-related revenue in the first 5 1/2 months since legalization in October, Statistics Canada said Wednesday.…

Surplus of unsold cannabis may lead to industry-wide writedowns: BMO

A glut of unsold pot stuck in Canadian licensed cannabis producer vaults may wind up being worthless, and could lead to industry-wide writedowns, according to analysts from BMO Capital Markets. BMO Capital Markets cannabis analysts Tamy Chen and Peter Sklar highlighted the growing amount of "unfinished…

JM: Canadian-Jamaican company helping Jamaica step onto global cannabis stage

When the Jamaican government decriminalized cannabis in 2015, allowing Jamaicans to legally grow and possess small amounts of ganja - the Rastafarian sacrament that had long been tolerated by authorities but never legalized - it was an important - and overdue - cultural, social and economic step for…

Medical and industrial cannabis production in Costa Rica

Historically, Costa Rica has been considered an agricultural country. But, aside from land used for coffee and banana production, there are fields that do not have competitive…

CZ: MMJ consumption keeps growing in Czech Republic

The consumption of medicinal cannabis in the Czech Republic continued to grow in the past years, according to information at a symposium held in Prague on Monday. The…

US (OR): Growers hope standards bring order to hemp industry 'mess'

A unit of wheat is called a bushel, and a standard weight of potatoes is called a century. But hemp as a fully legal U.S. agricultural commodity is so new that a unit of hemp seed doesn't yet have a universal name or an agreed-upon quantity. That's one example of the startling lack of uniformity — and…

GR: The Greek advantage in the medical cannabis industry

Ever more countries are approving regulations to allow the medical cannabis industry to step in the respective national borders. Europe is surely poised to become one of the most florid markets, where countries like Denmark are leading the way in terms of allowed production. The same thing can be said…

Could 'Big Cannabis' overrun California?

There’s no doubt that California’s legal cannabis industry is growing. Last year, it raked in $2.51 billion, making it No. 1 in cannabis sales in the nation and surpassing Colorado, according to BDS Analytics. Despite regulatory complications and lower-than-expected tax revenues, more than 64,000…

CAN (QC): Cannabis sales totalled $71 million in first year

Quebec's provincially operated cannabis shops made $71 million in sales in their first year and sold the most cannabis in the country in terms of dollars and volume, but they still posted a $4.9-million loss to be covered by the provincial government. The provincial cannabis corporation -- known as the…

ZA: South African cannabis industry expected to boom

Eastern Cape premier Oscar Mabuyane wants to make the province home to South Africa’s first cannabis industry – already reading proposals from interested international parties, and working on feasibility studies to register farms. Speaking to the City Press, Mabuyane said that people had been growing…

Colorado passes $1 billion in marijuana state revenue

Colorado has now generated more than $1 billion in total state revenue from the legal marijuana industry, another milestone for the state that legalized cannabis in 2014. Colorado already has posted some big numbers: More than $6 billion in total sales of cannabis since the birth of the new industry —…

Canopy Growth looking for new avenues of funding

Canopy Growth is assessing ways to raise non-equity financing as the cannabis company seeks to expand and become profitable, according to its new chief financial officer.…

Ontario Cannabis Store issues product call for new product categories

The Ontario Cannabis Store has issued a call for new cannabis product categories including edibles, beverages, topicals, and extracts. Once Health Canada has authorized the…

The biggest threats to the cannabis industry according to CEOs

As of 2019, 10 states and the District of Columbia legalized and rolled out recreational use of cannabis for adults over 21, and more than 30 states legalized medical use. Overseas, Canada in October became the second country after Uruguay to legalize adult use. More than 30 countries have medically…

Marc Lakmaaker, Aurora Cannabis:

“We're not really seeing a supply glut in Canada"

Aurora Cannabis claims the largest funded production capacity among Canadian cannabis producers. It's the second-largest cannabis producer in the world in terms of market cap, and operates in 24 countries spanning five continents. It's probably fair to say that the Aurora executives have expertise in the…

US: New Mexico expands medical marijuana program

New Mexico is expanding its medical cannabis program to include people suffering from adverse effects of opioid use. Health Secretary Kathyleen Kunkel added opioid use…

Women in cannabis tech

Jessica Billingsley, co-founder and CEO with MJ Freeway, recounts why she got into the business, why she’s passionate about promoting female representation in the tech industry and how things have changed for the cannabis industry since she launched the firm in 2010. What has been your biggest challenge in the role so far? I…

US (IL): Cannabis growers to plan a hiring binge

Expect a hiring boom from the state’s marijuana producers by the end of the year—and a likely boost in union membership. The law that legalizes recreational marijuana use,…

Deloitte researches new Canadian legislation

What did Canada learn from Cannabis 1.0?

The Canadian market for next-generation cannabis products is worth an estimated $2.7 billion annually, with edibles contributing more than half, according to a new report from…

US (MN): MMJ companies lost a combined $2.4M in 2018

5 Eyewitness News obtained new financial records for the two licensed medical marijuana companies in Minnesota, which show they lost a combined $2.4 million in 2018. Financial reports supplied to the Minnesota Department of Health show Minnesota Medical Solutions had a net income loss of $610,000 while…

CAN: Canada experiencing lack of CBD-based products

Khurram Malik believes there is a “dramatic” lack of legal CBD products in Canada. The CEO of Biome Grow, a cannabis holding company with licensed pot operations in a number…

US (OR): A solution to solve the oversupply issue

Oregon is awash in cannabis, glutted with so much product that if growing were to stop today, it could take more than six years by one estimate to consume it all. Now, the…


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