Market info

CAN (NS): Nova Scotia cannabis supply outpacing demand

The latest reports from Health Canada and Statistics Canada show that production is already passing retail demand for cannabis. And with all the private capital that has rushed to grow legal cannabis, new capacity is still coming down the pipes. An Atlantic Provinces Economic Council survey found that…

Understanding of California cannabis cultivation epicenter, Humboldt County, a study

New Frontier Data releases a new study in partnership with Humboldt Green, Sunboldt Grown, and Ice Box Flat Farms, the 2019 California Cannabis Cultivation Report: A Humboldt Perspective. "The report is a first-of-its-kind study into one of the most influential and experienced cannabis grower communities…

US (PA): Agriculture secretary opens first PA Hemp Summit announcing new grants

Secretary of Agriculture Russell Redding today opened the 2019 PA Hemp Summit, greeting more than 500 entrepreneurs eager to get in on the ground-level of Pennsylvania’s new hemp industry. Redding announced the availability of $460,000 in new state funding through Specialty Crop Block Grants created…

US (CA): Massive power outage threatens NorCal cannabis harvest

To prevent another wildfire, California’s biggest power company, Pacific Gas & Electric, shut off electricity in dozens of counties. Around 1.8 million users across Northern California have been and will be affected by the outage, which began on midnight, Oct. 8. PG&E officials say the outage will last…

US (CA): Equity grant funding announced

The Bureau of Cannabis Control (Bureau) announced today that it has awarded equity grant funding to local jurisdictions to be used for commercial cannabis equity programs that focus on inclusion and support of persons or communities that were negatively or disproportionately impacted by cannabis…

US (CO): Hundreds of cannabis businesses are working with banks in CO

Colorado’s cannabis industry has had a chief request since cannabis was legalized: Give us access to banks. But it turns out that hundreds of the state’s pot businesses are…

Colombia is embracing cannabis

Cannabis companies are rushing to set up operations in Colombia, looking to gain a foothold in one of Latin America’s most notorious drug centers as governments across the world embrace the burgeoning legal marijuana industry.  Growers, many with financial backing of firms from Canada and the U.S., estimate as much as $500 million…

Uruguay cannabis firm targets booming global market for MMJ

In a white, sterilized laboratory on the outskirts of Uruguayan capital Montevideo, biochemist Javier Varela and his team are carefully cultivating plants for a booming…

CAN: Second wave of cannabis legalization brings business opportunities

Large players have gobbled smaller rivals and are dominating Canada’s legal cannabis industry, but small firms may be about to have their day in the sun. Many entrepreneurs…

US (NV): Safe cannabis is the laboratory's responsibility, says consumer safety advocate

Recently the Nevada Department of Taxation was compelled to issue warning notices regarding some cannabis products available for sale in certain Nevada dispensaries. Secondary laboratory testing determined these cannabis products had been affected with yeast and mold at a level above those established by…

US (NY): $2.8M cannabis cultivation facility planned for Pittsfield's William Stanley Business Park

A pair of New York brothers plan to build a $2.8 million cannabis cultivation facility across the street from the Berkshire Innovation Center. Board members of the Pittsfield Economic Development Authority voted unanimously Tuesday to advance an option agreement with Jeremy and Phil Silverman, the…

Canadian cannabis company targeted by U.S. class-action lawsuit

A class-action lawsuit against Sundial Growers Inc. in Canada claims the company’s U.S. stock prices were affected by an unreported incident where $1.9 million worth of cannabis was returned to the company due to poor quality. Canadian licensed cannabis company Sundial Growers Inc. is being sued in the…

If cannabis dies, how expensive could the claim get?

If a hydroponics system fails and it’s tomatoes or peppers that are spoiled, that’s one thing. But what happens if it’s a legal cannabis facility? “The impact of cannabis on the [property and casualty] industry remains to be seen. We haven’t had too many claims yet but we probably will and they will…

CO: Facing stiff competition in Colombia

A intense scent hangs in the air at the 15-hectare La Chacra medicinal cannabis farm in central Colombia, where marijuana plants blossom in the warm closeness of its huge, heavily-secured greenhouse. It is one of the world’s biggest crops, but the farm, run by cannabis company Clever Leaves, has only…

Which countries have the most wealth per capita?

Using data from the ninth Credit Suisse Global Wealth report, the Visual Capitalist came up with an animated chart this week, ranking countries by average wealth, calculated as gross assets per adult citizen. Click here to go to the site.

When will Israel enter the global cannabis industry?

The global markets are opening up for the overall cannabis industry. Despite all of the bumps and setbacks, when will the Israeli cannabis market finally make its global debut? Right now the question is largely a matter of not just “regulations” but also politics. Donald Trump delayed the entrance of…

US (CA): County supes budget $1M to deal with growing cannabis industry

County supervisors voted on Tuesday to add another $1 million to the budget to enforce legal-weed laws and also to process permits and applications by would-be cannabis operators, just a week after two raids on allegedly illegal operations. One took place in Cebada Canyon outside Lompoc ​— ​reputedly the…

GR: MMJ investments in Greece pass 100M euros

Keen interest in Greece’s now-legal medical marijuana business – with 26 licenses approved so far – will bring more than 100 million euros ($108.9 million) in capital investments over the next three years, likely to grow even more. That’s for the initial creation of sites in northern Greece to grow and…

JM: Jamaica partners up with Harvard Institute to help island cannabis compete worldwide

Jamaican minister Audley Shaw has announced the island’s Ministry of Industry, Commerce Agriculture and Fisheries will team with HIPI to focus on developing various initiatives intended to provide Jamaica with that competitive edge. Shaw said that HIPI representatives would be visiting the country this…

US (PA): Why there is a MMJ drought in Pennsylvania

Medical cannabis is the only medicine that helps Dalton Hunsberger with seizures, nausea and anxiety. But for two months, it’s been very difficult to find the medicine that treats the 21-year-old Perkasie man’s epilepsy and other symptoms. “When the dispensaries get it in, it’s gone within a couple of…

BR: New automated system for CBD import requests in Brazil to be implemented

In Brazil, the government is seeing to import cannabis to qualifying patients. Now, a new system tool has been announced that will help with this importation, specifically involving medicinal CBD in Brazil. The authorization process will be backed by CBD Vida, according to reports by Health Europa.…

CAN (ON): Ontario explores end of wholesale cannabis business, sources

Ontario is exploring the possibility of no longer running the province’s wholesale cannabis distribution business, according to several people familiar with the matter, a move that could substantially lower prices of legal pot in the province.  Ontario, which is Canada's biggest market for legal pot, will…

US (OR): Oregon's MMJ program facing hurdles

Nobody else in Oregon has the same job as Erich Berkovitz. Berkovitz is the owner of PharmEx, a medical cannabis processing company in Salem. Licensed medical growers and patients bring their plants to PharmEx, where the cannabis is infused into oil concentrates, edibles, suppositories, and other forms…

UY: Uruguay makes first cannabis export shipment

Uruguay has made its first commercial export shipment of cannabis since legalizing the drug in 2013, sending 10 kilograms of cannabis to Australia, where its medicinal use is…

TH: Thailand set to become the most pro-cannabis country in Asia

In Thailand, the seeds of a cannabis awakening are beginning to grow as restrictions on the plant lessen. While the country has been one of America’s biggest allies when it comes to the War on Drugs, the conservative military-run nation is beginning to peel back the harsh anti-pot laws and opening the…

IN: Cannabis opportunities in Manipur

The State government is exploring the possibility of using it for medicine. Cannabis legalised for medicinal and industrial use may give Manipur’s start-up dream a high. The Bharatiya Janata Party-led coalition government, headed by Chief Minister Nongthom-bam Biren Singh, has been hard-selling its…

CO: MMJ could bring $6B a year for Colombia, govt says

Colombia could export $6 billion a year in medicinal cannabis products, making marijuana its third-largest source of foreign exchange, the government said on Thursday, as investors called for simpler regulations for marijuana producers. Colombian law already regulates the possession, production,…

US (PA): Out-of-state companies dominate state's cannabis industry

Pennsylvania’s medical cannabis program is dominated by companies that cut their teeth in the business in other states before gaining a foothold in Pennsylvania. Act 16 of 2016, which legalized the use of medical cannabis, set a high financial bar for growers and processors. “It took financial resources…

The North Macedonia free-market approach to MMJ

Macedonia’s free-market approach to medical cannabis is setting it apart from many European states. And, in positioning itself as welcome jurisdiction for cannabis investment, it received a visit from a leading U.S. cannabis entrepreneur, reports the Balkan Insight website. Mike Straumietis, CEO of…

US (MO): What is it like to apply for a MMJ business?

Desmond Morris owns Pride Auto Detailing in east Central Springfield but he's trying to expand his business portfolio with a much different product: cannabis.  Morris and seven…

US (PA): Medical cannabis arrives in Hermitage

Area residents and officials had a chance Monday to see inside the Rise Hermitage medical marijuana dispensary before it opens. The open house event was the only time anyone other than employees and card-carrying medical marijuana patients will get inside of Rise Hermitage, 2880 E. State St. When the…

Reading the room in the cannabis industry

Recently, we got some outstanding news. Our first client, David, sold his business — Advanced Grow Labs, a licensed medical cannabis cultivation and processing operation — to…

CAN (ON): Ontario's cannabis business reports $42m loss in last fiscal year

Ontario said its government-owned cannabis business lost $ 42 million in the last fiscal year, while the province collected barely half the amount of excise taxes it estimated it would generate, in the latest symptoms of a shaky start to legalizing recreational pot in Canada’s most populous province. The…

CAN (BC): The impact of growing cannabis on B.C. farmland

A recent bulletin released by the Agricultural Land Commission (ALC) of B.C. now classifies cannabis production as “farm use” on Agricultural Land Reserves (ALR), but the city of Delta fears new and more lenient regulations around cannabis growth will undermine the importance of local produce. In an…

US (NH): Dreaming big for a risky hemp crop

Standing between two rows of thigh-high hemp crops close to the Tennessee-Kentucky border, the retired owner of a New Hampshire convenience store cheerfully recalled why he chose to grow his first hemp crop this year. Barry Paterno, 67, is a gardener, not a farmer — he likes to grow tomatoes and corn.…

US (FL): Hemp industry growing quickly in Lake County

As industrial hemp finds a foothold in Lake County, cannabis industry supporters and county officials are working on regulations to guide it. Twenty months after legal commercial cannabis cultivation was legalized in California, Lake County has issued 44 permits for about 44 acres of crop. And just four…

US (FL): Florida to become a MMJ powerhouse

The legal landscape around cannabis is rapidly changing in Florida. With the recent legalization of medical cannabis, Florida has joined a growing list of states that already support medical marijuana. It is already seeing huge gains: Florida recently ranked as the second-fastest-growing medical cannabis…

US: Medical cannabis cooperative association

As we have said on multiple occasions, a CCA is the most financially efficient structure for engaging in business in California’s cannabis industry. The use of a CCA to move…

US (KY): Hemp to overtake tobacco in Kentucky

In some ways, Kentucky is a surprising place to see a hemp boom. Conservative lobbyists in the state have consistently resisted legalization measures for related plants,…

US (MI): Prices rise in Michigan's MMJ market as supply diminishes

The price of medical marijuana flower in Michigan has increased more than 50 percent since the regulated market launched 10 months ago, according to state data obtained by MLive. August saw the wholesale price of medical marijuana flower hit $249 per ounce -- the highest price point the market has seen…

AU: MMJ industry poised for growth in Bundaberg region

The Bundaberg Region is poised to become Australia's premier growing area for medicinal cannabis as governments move to relax restrictions and develop the industry. THC Global last week announced it will begin production in the region after securing a lease over greenhouses and farmland. The company…

"Resilience, creativity, and passion are prerequisites for a career in cannabis"

Josh Lyon is the senior director of portfolio integration at Canopy Growth Corporation. He was previously the vice-president of marketing at Tokyo Smoke Brands. So you want to work in the cannabis business? Here’s how I describe it: It’s like driving a car while you’re building the car – oh, and the road…

US (IL): "Cannabis cultivation facility would be a great economic boost for our area"

When recreational marijuana becomes legal for adults in Illinois on Jan. 1, dispensaries will need pot to sell. Initially, they’ll be buying their cannabis from one of 21…

US (VI): Hemp growers face start-up challenges

Chris and Kelly Slayton looked over their field of young hemp plants in Prince Edward County, Virginia, and noted that they were far behind the expected growth plateau for this time of season and said simply, “We planted too late, but we couldn’t help it. We didn’t get them planted until early June.”…

US (OH): Ohio's MMJ program still experiencing difficulties

Since Ohio passed its medical cannabis law in 2016, very few growing sites, processing facilities and dispensaries have actually been approved by the state. This delay is…

Exploring the status of cannabis in North America

Prohibition Partners has released a report on the status of the cannabis industry in North America. The first thing that the report points out is that the US is the current world’s largest cannabis market, with 33 states plus Washington DC that regulated medical use. As of now, cannabis is still in…

The future of the MMJ industry from a Western Hemisphere standpoint

An article by RTT News about the future of the legal marijuana industry optimistically argues that “the marijuana industry is rapidly transiting out of the black market and…

IL: Medical cannabis nation

Medical cannabis is a fast-growing field with significant potential and the train has already left the station. “You can’t stop it,” Reut Alfiah, head of the Medical Cannabis Department at…

An opinion by Kevin Haller

"Extreme regulatory compliance is a challenge for licensed producers"

After decades of prohibitionist politics, cannabis is finally being regulated in an increasing number of countries around the world. One of the reasons regulation was necessary, according to many legalization supporters, is the necessity to beat back the black market and to allow those in need access to…

USDA releases a report on the Canadian hemp industry

"Certified organic hemp production is a growing trend"

Canada has grown hemp, primarily for hemp seed, across the Prairies for more than 20 years. The 2018 Cannabis Act relaxed regulatory controls on industrial hemp, in addition to legalizing recreational cannabis, and cannabidiol extraction is now permitted. Production and distribution of cannabinoids and…

CAN (AB): Edmonton flies high as MMJ market grows

Cargo traffic at Edmonton International Airport (EIA) is reaching new highs with a mind-altering cargo: cannabis is providing the airport with a potent boost in volume.…

CO: MMJ industry expands in Colombia

Although Colombia is known for being a country involved in the illegal drugs market as a producer of cocaine and marijuana, the nation is now moving towards the new medical marijuana industry. According to a recent report released by BBC World News, Colombia is becoming a recognized producer of marijuana…

US (AZ): Breaking into the Arizona cannabis industry

Arizona has become the land of opportunity when it comes to businesses surrounding the cannabis and marijuana industry, and that includes companies that don’t even grow or handle cannabis. GreenPharms in Mesa shares some expert insight about the burgeoning cannabis industry and how local entrepreneurs…

US (MO): MMJ facilities light up the real estate market

A warehouse is no longer abandoned as it is now a construction process and Jack Mitchell sees the potential, although indoor grow operations are complex. Mitchell runs a…

ZA: How cannabis could unlock R107 billion for ZA economy

South Africa could unlock a R107 billion cannabis industry if government passes the necessary regulations to make it happen. The figure was put forward by international…

CAN (AB): StatsCan, Alberta sees most money spent on cannabis since legalization

Albertans have spent the most money on cannabis since it was legalized last fall, according to new numbers from Statistics Canada. New data from Statistics Canada published Monday looked at the amount sold at cannabis retail stores — broken down by province and territory — between October 2018 and June…

US (AR): MMJ sales top $6M

Arkansas medical cannabis sales have eclipsed $6.04 million, the state reported last week, three months after the drug debuted in the Natural State. In total, more than 800 pounds of cannabis has…

The race to conquer cannabis Europe

Canadian canna-businesses have had a giant head start, but they do not have a monopoly on international cannabis supply or the supply chain. And competition is on the horizon as a slew of newly budded cannabis companies are targeting Europe. These newbies, mainly from Thailand and South Africa (and…

Why wholesale cannabis prices are rising in established US states?

Over the next decade, investors will struggle to find a more impressive growth opportunity than the rise of legal cannabis. If investment bank Stifel proves accurate with its…

US (CA): Cannabis revenue has fallen short of estimates, despite gains

California's cannabis excise tax generated only $74.2 million in the second quarter of 2019, the state says, announcing numbers that are short of projections that were set…

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…


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