Market info

Portugal set to become one of the leading countries in the cannabis industry

Among the many countries that have regulated the production of medical cannabis, surely Portugal is one of the most promising in terms of opporutinities it has to offer.  The Canadian…

US (OH): Ohio MMJ market keeps growing

Ohio’s medical cannabis dispensaries have been open for business for one year as of Thursday, January 17, 2020; over that year, medical cannabis access has slowly improved in Ohio. During 2019, the number of dispensaries grew from four to 47, but there are 57 approved provisional licenses. Only 20 of the…

US (AZ): Hemp grower optimistic despite challenges

The budding hemp industry in Arizona is experiencing growing pains. Many farmers are being forced to destroy their crops because the high from the plants is just too high. According to the Department of Agriculture, about 41% of hemp plants in the state have failed early THC testing. “I was very…

US (FL): MMJ sector still booming in Tallahassee

Medical cannabis is a growing industry in the Capital City and around the Panhandle. Local business owners and non-profit leaders learned more about the industry in Florida at…

US (IL): Cannabis shortages expected to last up to one year

Legal cannabis shortages in Illinois are expected to last six months to a year or more, industry members warn, due to a lack of production capacity in the state. The long…

US: Many hemp growers not much satisfied after first year

Many farmers are wrapping up a frustrating first year of growing hemp, which was legalized under the 2018 Farm Bill. “It’s kind of a good way to start, in that that’s about as bad as it can get,” said Jeff Cox, Bureau Chief of Medicinal Plants at the Illinois Department of Agriculture. “There’s a lack of…

US (PA): MMJ program keeps suffering from product shortages

Pennsylvania doesn’t have enough cannabis to go around. Product shortages have plagued medical cannabis dispensaries across the state for months. Dry leaf cannabis has been…

The cannabis business lands in Spain

The most famous plant on the planet seems to have left behind its image as a recreational drug, generating an industry accounting $2.1 billion at an international level, when focused on its medicinal properties. Cosmetics and online salesIt is an industry, which has just landed in Spain, where, according…

Cannabis market on track to reach $43 billion in 2024, report says

Global cannabis sales rose 48% to $15 billion in 2019, driven by growth in sales in Canada and seven U.S. states that saw sales more than double. Continued consumer adoption…

US (CO): Colorado growers hope in a more stable market

Entrepreneurs who broke into Colorado’s cannabis industry at the ground level — the growers — have endured economic whiplash over the last two years as the market for wholesale flower experienced volatile swings in price. The average market rate slumped to a low of $759 per pound in 2018 after peaking at…

CAN (NB): New Brunswick receives eight proposals to privatize cannabis sales

The New Brunswick government has received eight responses to a request for proposals for the operation, distribution and sales of recreational cannabis in the province. The…

South African growers put their hope in medical cannabis

South Africa has tolerated the cultivation and export of medicinal cannabis for a year and a half. Farmers are enthusiastic and expect a lot from the next step: the legalization of domestic trade. Dutch cannabis companies as well are keeping an eye out for opportunities.Marinus Stander looks like a…

US (UT): Limited MMJ supply expected to be ready by state's program deadline

Though not all products are expected to be in patients’ hands, Utah’s medical cannabis program will roll out by the state’s March deadline, officials say. “So it’s a rush and…

Discussing the challenges of the cannabis industry in 2020 with John de Vreugd

After a couple of years in which the hype in the cannabis industry has been real, prospects for this new decade are starting to be more realistic. “Cannabis companies have been living on shareholders’ money,” says John de Vreugd with Altisol. “Thing is, results are not as expected. Everyone thought they…

US (MO): Federal Reserve Bank examines cannabis industry's growth

The Federal Reserve Bank Of Kansas City recently issued a report looking at Colorado’s cannabis market, ultimately concluding that the cannabis industry is primed to continue to grow as public support for legalization increases, although perhaps not quite at the rate seen in the early years of the policy…

ZA: Black South African growers struggle to enter cannabis market

Stacks of bright green cannabis plants, freshly harvested from nearby hothouses, are expertly sorted on a lab table by workers wearing hygienic gloves and caps who snip the…

US: Why organized labor is fighting for legalization

Union involvement in the legal cannabis industry is a trend that is growing as more and more states consider adult-use legislation. The burgeoning cannabis industry is opening up tens of thousands of employment opportunities, presenting an opportunity for unions like United Food and Commercial Workers…

US (IL): Supply issues in the wake of legalization in Illinois

At least six Chicago dispensaries are closed to recreational cannabis customers Monday as many retailers grapple with supply issues in the wake of legalization. There are…

US (OK): MMJ tax collection reaches record high in December

Business is booming in Oklahoma's medical marijuana industry, with tax collections hitting a record high in December. Although November was the first month the state didn't…

MT: On the challenges to a burgeoning industry

Much has been made in recent years of Malta’s buoyant economy, with many praising the island’s legislative environment for enabling the establishment and rise of the iGaming sector; the strengthening of the financial services industry; and the fomenting of a possible future in blockchain. And, in the…

CAN (ON): Ontario cannabis stores reducing prices to compete with illegal shops

It may no longer be expensive to go the legal route. Ontario Cannabis Store (OSC) has finally decided to reduce the price of 50 different marijuana products. The retail company said during a press conference on Friday, January 3, 2020, that it now has a gram of weed available for $5. The OSC is selling…

US: Cannabis sales in Michigan and Illinois

Legal adult-use sales launched in Michigan in December 2019 in a limited number of markets. First-month sales totals are now available. According to sales data licensed…

US (PA): Mixed results for Susquehanna Valley's MMJ program

The business of medical marijuana had its ups and downs this year in the Susquehanna Valley. Earlier this month, grower/processor Parea BioSciences and Northumberland County finalized a real estate transaction of $1.5 million for 10 acres of county-owned land near the new prison in Coal Township.…

US (IL): Over $3M on first day of cannabis sales

Six months ago, the Illinois House passed HB 1438 which legalized cannabis possession, sale and consumption for adults 21 and older. At the time, Governor J.B. Pritzker…

Development suspended for waste digester system

Micron Waste Technologies has suspended the development of the Cannavore digester system because of changing market needs, as reported by mmjreporter. It has completed a prototype of Cannavore, which is capable of processing cannabis waste, and the resultant is clean water. The company has abandoned the…

Solicitor general:

CAN (BC): "Better year ahead for cannabis products and revenue"

The premier John Horgan said he’s tasked Solicitor General Mike Farnworth with finding ways to allow B.C.’s skilled producers to shine. “Mr. Farnworth’s seized that and he’s…

US (IL): A shortage issue in Illinois

There is already a shortage of cannabis flower in Illinois, and in 2020, the demand for it could see a tenfold increase, according to professionals’ estimates. Illinois Supply…

US: Federal laws hamper medical cannabis banking options

With more than 150 investors contributing a total of $27 million to his company, Phil Goldberg still couldn’t get a loan from a bank. It’s not because the banks didn’t want to provide a loan. It’s because they couldn’t. Goldberg is chief executive officer of Green Leaf Medical, a grower of medical…

US (IN): Farmers unite to launch U.S. Hemp Growers Association

The U.S. Hemp Growers Association (USHGA), the only national farmer-directed hemp trade association, was announced this week in Indianapolis. Founded by a diverse group of leaders, the organization will provide educational and market development resources, research, and networking opportunities and will…

Canada: Industry turns a new leaf after tough first year of legal cannabis

Cannabis companies in Canada, including many in Southwestern Ontario, are salivating at the chance to sell edibles, concentrates and ointments and creams. Those products were legalized Oct. 17, but aren’t expected to be available for sale until January at the earliest because of federal health…

"The bubble has burst as the reality of a difficult regulatory landscape sunk in"

It was only a year ago that exuberance enveloped the marijuana industry. Legalization was spreading and the growth potential seemed boundless. But that bubble has burst as the…

US (IL): Lawmakers warn of supply shortage

A group of pro-pot state lawmakers penned a joint letter Monday acknowledging that the state’s cannabis supply could be limited when the drug is fully legalized on Jan. 1.…

Is outdoor grown cannabis the key to lower legal prices?

Ontario outdoor cannabis grower 48North says it produced flower at this fall’s harvest for 25 cents a gram, far lower than indoor growers’ cost of $2 a gram. 48North’s lowest-priced dried flower will end up selling at retail in Quebec for under $7 a gram in a 3.5-gram container, Canada’s cheapest legal…

effective January 1, 2020

US (CO): Colorado Department of Revenue releases average market rates for retail cannabis

The Colorado Department of Revenue (CDOR) has released the Average Market Rates (AMR) for retail cannabis effective Jan. 1, 2020 until March 31, 2020. Six of the seven AMR…

How indigenous people are cashing in on Canada's cannabis boom

Canada’s indigenous peoples are pioneering the billion-dollar bonanza that is the country’s growing cannabis market. The biggest hub is the tiny Mohawk territory of Tyendinaga, about two hours east of Toronto. On a speck of land three miles wide and 12 miles deep, there are more than 60 cannabis…

CAN (ON): Ontario opening cannabis retail market

The Government of Ontario is taking steps to move to an open market for retail cannabis stores beginning in January 2020. This will provide consumers with more choice and convenience and a safe, reliable supply of cannabis. "In response to the federal government's decision to legalize cannabis, our…

US: Alabama Department of Agriculture and Industries launches multiple online applications

Since July 2019, the Department of Agriculture and Industries’ (ADAI) Plant Section, in collaboration with Alabama Interactive, has launched eight online applications. The…

CM: Cameroon's cannabis plans go up in smoke

Gilbert Mvondo is still waiting to be paid for carving dirt roads through the Cameroonian rainforest, where foreign investors promised to create jobs cultivating cannabis and other crops for export. Residents of the southern region of Meyomessala were recruited in early 2016 by local officials to prepare…

JM: Jamaica sends cannabis shipment to Canada

More than 10 kilogrammes, or roughly 22 pounds of legal cannabis, were recently exported to Canada by licensed Jamaican cannabis company, Global Canna Labs. Minister of…

Cannabis companies eye Europe for greener pastures

Cannabis companies in North America are experiencing lots of trouble, and companies that are looking to reap profits from cannabis are suffering from significant losses. In the meantime, European companies such as World High Life PLC are basking in the new opportunities brought by the emerging cannabis…

Setting the price for MMJ in Europe

The German government has just announced that it will buy at least 650 kilograms (1,433 pounds) of GMP certified, medical cannabis flower from “domestic producers” who won the…

CAN: Production cuts in the Canadian cannabis industry

At this time last year, investor hopes for the cannabis industry were pretty high. Canada had just become the first industrialized country in the modern era to legalize…

US (IL): Cannabis production ramping up

In a non-descript building on the outskirts of downstate Dwight, production is ramping up for a revolutionary day in Illinois. Cultivators are trimming, prodding, and pampering cannabis plants, in preparation for marijuana legalization, January 1. “We are cranking as hard as we can crank,” said Jeremy…

US (LA): Hemp meeting draws crowd

About 500 people attended an LSU AgCenter meeting Nov. 13 to find out about the potential of growing industrial hemp as a cash crop. Experts advised that the commodity can generate income, but they warned that it’s not without risk. Hemp has several uses. It can be grown for CBD oil that has therapeutic…

US (IA): First anniversary of Iowa MMJ sales marked with questions about future

Sunday is the first anniversary of Iowans being able to buy medical cannabis products in the state. On paper, things look promising: an expanding list of qualifying medical conditions under the program, 300 to 450 new patients each month, and more than $2 million in sales. But as stakeholders mark the…

CAN (ON): WSPS studies promote evidence-based decision making in Ontario

Ontario greenhouse and other agriculture workers are at great risk — experiencing higher lost-time injury rates than any other Schedule 1 sector over the last six years, according to a WSIB report. Data tells us that most of these injuries occur as a result of contact with equipment or exertion, but the…

Danish judge condemns calling PLA plant pot biodegradable

Can you call a pot biodegradable when it only composts under very specific circumstances, like in an industrial composting plant? No, says a Danish judge. They forbid the…

Autogrow and Agritecture release first-ever Global CEA Census Report

​Autogrow​ and ​Agritecture have released their first Global CEA Census Report, an in-depth global survey of indoor & controlled environment agriculture, with 316 total…

Experts say Africa to become top MMJ grower

Africa is likely to become one of the world’s top medical cannabis growers, a group of researchers, scientists and entrepreneurs said on Monday. Jordan Curl, Cultivation and Extraction Specialist at Israeli Cannabis Research and Investment firm ICAN told more than 500 delegates at the CannaTech…

CAN (ON): Ontario finance minister says cannabis execs shouldn't blame govt for weak sales

Ontario’s finance minister is dismissing criticism from cannabis industry executives who attribute their weak sales to the province’s limited number of retail stores. “The [criticisms are] not fair; but it doesn’t surprise me. Sometimes businesspeople look for all kinds of reasons why things don’t work…

US (AK): As industry grows, some growers 'shut their doors'

Alaska’s cannabis industry has spent the last few years getting off the ground, but a handful of cannabis cultivators have already shut their doors. Cultivation facilities in…

US (MA): State sold $393M worth of legal cannabis in first year

In the first year of legal cannabis sales, Massachusetts’s retailers brought in a total of $393.7 million in gross revenue, according to new numbers from the state. The…

Ranking list shows the most harvested crops between 1961-2017

How do the yields of the most harvested crops worldwide differ from each other over the years? In the video below, Data for Farmers shows which crops from 1961 to 2017 alternated on the world ranking in terms of tons harvested in this period.   Top 5The most harvested crop in the world is pre-eminently sugar cane.…

CAN: Canadian producer shows cannabis companies can beat earnings expectations

Trulieve Cannabis Corp. reported “another blowout quarter,” in the words of one analyst, showing that it is possible for pot companies to beat earnings expectations. After a week that saw Canada’s four largest cannabis producers miss estimates, hammering the sector, the strong results from Florida’s…

US (IL): Illinois could grow over 1M pounds of legal cannabis by 2025, report says

Illinois’ budding legal cannabis industry could grow more than one million pounds of weed by 2025 to meet demand, a new report says. But the report’s lead author acknowledges the state will have to permit legal growers to vastly scale up production to reach that level, which is more than 14 times the…

US: Federal government seeks grower input on hemp production program

The federal government is seeking input from growers on hemp production in the United States — and the Society of American Florists is encouraging its members to be part of…

Denmark's pilot pharma trial learns from Canada's lesson

Europe is open for business, and Denmark wants to be the first-mover. Europe, forecasted to be the world’s biggest legal cannabis market by 2024 will exceed North America, the…

Spending on cannabis continues to grow in legalized regions

Due to various recent regulatory changes, the cannabis industry is slowly evolving out of the black market and morphing into a global economic powerhouse. While cannabis still remains heavily regulated in most regions around the world, a handful of countries have moved to legalize cannabis for either…

NZ: Medical cannabis cultivation gains crowdfunding support

A New Zealand company looking to cultivate medical cannabis has found plenty of financial support through a crowdfunding campaign. Puro kicked off its campaign on November 6 and at the time of writing, more than NZ $1.36 million has been pledged, with the $500,000 minimum target exceeded very quickly.…

following losses in first year

CAN (NB): NB moves toward privatization of cannabis sales

Citing significant financial losses and overly restrictive federal regulations, the New Brunswick government is looking for a private operator to take over its distribution…

Canada's cannabis industry struggles to climb up regulation hill

Canada shot the opening shot in the global cannabis regulation arms race. On October 17, 2018, Canada was the first G7 country to legalize cannabis, an act that seemed like…

World wide per capita coffee consumption

Can coffee be an addiction?

CAN (NB): New Brunswick's govt cannabis monopoly still losing money

Earlier this week, Cannabis NB CEO Patrick Parent appeared in Fredericton to give provincial lawmakers some bad news. More than a year after legalization, he told them, New Brunswick’s government-owned cannabis monopoly was still losing money, and had no prospect of making money in the current fiscal…

US (FL): Cannabis industry set to grow in Baker County

New York-based Acreage Holdings, a medical cannabis cultivator, processor and dispensary, chose Baker County for its first production facility in Florida. Acreage broke ground on the facility Oct. 29.  Acreage will repurpose the former Hanson Roof Tile manufacturing facility for cannabis cultivation. The facility…

Licensed producers report major declines in price realized per gram of cannabis

Canadian licensed cannabis producer Tilray Inc. on Tuesday reported that its third-quarter loss had doubled despite rising sales, an outcome driven by a sharp increase in operating expenses related to the company’s international businesses and an expansion into the hemp industry.  The Nanaimo, B.C.-based company…

US (NY): New report shows men prefer medical cannabis strains high in THC

RYAH Medtech has released a data analytics report on men and their use of medical cannabis. Surveying feedback from 35,069 men over a 22-month period, the report found that men make up approximately 55% of the medical cannabis patient population and men typically have higher levels of previous cannabis…

US (FL): Shoratge of smokable MMJ in Florida, according to experts

Right now, there's a shortage of smokable medical cannabis in Florida, according to experts. “It’s been completely life changing for me,,” said Zachary LaFrennie. I’ve been able to hold down my job, really take care of myself.” Zachary LaFrennie uses smokable medical cannabis to help with his seizures…

US (MO): MMJ licensees seek prospective employees at job fair

Anyone interested in a career in the medical cannabis industry has the opportunity to check out a job fair in North Kansas City Tuesday night. The Missouri Medical Cannabis Trade Association is holding the fair, during which prospective business owners can set up booths and talk to potential employees.…

CAN: Profit concerns persist in the cannabis space

The four largest Canadian pot companies by market value will report results for the quarter ended Sept. 30 this week and the expectations are low. This doesn’t bode well for…

High hopes and early stumbles in Lesotho

Dawn breaks in the village of Marakabei, two and a half thousand meters up in the remote highlands of Lesotho, the landlocked kingdom surrounded by South Africa. Cowbells tinkle. Smoke from cooking fires rises above homes along the steep hillsides. An old donkey path winds around the edge of a peak.  And then…

Canadian cannabis operators eyeing the German market

The Canadian appetite for the German medical cannabis market place is picking up pace with the announcement of a trio of deals. In a market statement, EuroLife Brands says it…

US (MO): Missourians compete with out-of-state cannabis businesses

Some Missouri business owners looking to profit from the state's burgeoning cannabis industry worry that they'll lose out to established out-of-state organizations that have…

CAN: Cheap outdoor crop could potentially create an oversupply scenario

Aleafia Health said the cannabis it grew during its initial outdoor harvest this year resulted in some of the cheapest legal pot grown in the country, a sign that thousands of kilograms of inexpensive cannabis could soon hit the market and create a potential oversupply scenario. Toronto-based Aleafia…

CAN: Canadian cannabis growers have produced 30 times more cannabis than they can sell

Producers are currently sitting on over 300,000kg of dried cannabis that has not been prepared for sale – a massive oversupply considering that Canadians only buy around…

US (OR): Growers struggle as hemp harvest winds down

Ajit Singh strode across his 16-acre hemp field toward a broken-down harvester. He’d been hoping all day that the mechanic now crouched beside the machine could get it back up and running. It was late October and Singh still had thousands of stinky green and purple cannabis plants across 425 acres to…

US (CA): Concord council says 'yes' to more cannabis businesses

Concord is open for cannabis business. The City Council on Tuesday ordered up an ordinance that would allow a limited number of recreational cannabis retailers — with and…

US: Cannabis companies scrap real estate amid scarcity of financing options

Capital-hungry cannabis companies are increasingly selling off their real estate as other sources of financing dry up. With cannabis stocks down nearly 60 per cent since their highs in March, producers that previously relied on issuing shares to raise money have been left with few alternatives,…

US (IL): Lower supply, rising prices

Legal recreational use may cut into the states cannabis supply. But months in advance, medical users are already noticing a strain. “The amounts are getting smaller and the…

LS: Lesotho officials' cannabis 'conflict'

Two senior Lesotho health ministry officials, who oversee cannabis industry licensing, are linked to a company that plans to manufacture medicinal cannabis in the kingdom. London-listed Afriag Global PLC announced in an interim results statement last year that it had appointed the ministry‘s director of…

NZ: Cannabis grower say industry could be as valuable to NZ as wine

Medicinal cannabis is being touted as something that could become as valuable to the Marlborough region as Sauvignon Blanc. From December it will be legal to grow and sell…

Economy Minister Chris Cardona

"Malta will be one of the first countries to offer high grade genuine quality products for the rest of Europe"

Malta is to be one of the first countries to offer high grade genuine medical cannabis for the rest of Europe, Economy Minister Chris Cardona said on Monday. He was speaking at the inaugural edition of Medical Cannabiz World Summit in St Julian’s. The two-day conference is full of information, debate and…

AU: 100 jobs created at local medical cannabis facility

Up to 100 new local jobs will be created at a new multi-million dollar medicinal cannabis operation in the Lismore Government Area. Lismore City Council worked with Australian company Cannapacific over the last 12 months guiding the company through the approval process to establish a modern medicinal…

US (LA): Questions about MMJ cost arise in Louisiana

Three months after medical cannabis became available in Louisiana, doctors and clinics say some patients are finding the cost for therapeutic cannabis too high for treatment,…

US (DC): New Frontier Data launches online cannabis data marketplace

Washington D.C.-based cannabis data, analytics, and business intelligence firm New Frontier Data today announced the launch of the first-ever global and digital cannabis data marketplace on its online platform Equio. The new feature on Equio will provide access for all subscription levels to individual…

US (NM): Hemp industry growing in New Mexico

About a mile down a dusty dirt road, Jill Brown is shucking the bud from a hemp plant in front of a warehouse-sized pile that looks more like tumbleweed than $1.2 million in the making. Her partner, Kathleen Odea, laughs. “Wishful thinking,” she says. The two businesswomen still have to sell it. But at…

US (UT): Utah Health Department opens up application process for medical cannabis pharmacies

The Utah Department of Health is seeking applicants to operate medical cannabis pharmacies in the state. The UDOH will issue licenses to 14 medical cannabis pharmacies, and all proposals will be evaluated based on criteria established in the request for proposals and the Medical Cannabis Act. Eight of…

CAN: Cannabis sales to hit $3.16B in 2020 despite slower growth

Revenue in Canada’s cannabis sector is forecasted to more than double next year despite slower-than-expected growth, according to a leading industry analyst. Canaccord Genuity…


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