Market info

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…

Canadian cannabis players eye Asian markets

As cannabis companies eye expansion in European and South American markets, Asia is poised to be a new frontier for some major Canadian pot players. Despite being the world’s…

CBD surge puts pressure on cultivation supplies

The popularity of CBD is creating new trends in the agricultural supply sector. Thanks to legal changes in Canada and the United States, farmers and agricultural companies are…

CAN: Record for cannabis sales in March

Canada’s progressive federal policy has given its country’s cannabis companies a huge advantage over global competitors with access to banks, capital, customers and the ability to export. These advantages have made Canadian cannabis companies major world players around the global market. At home, there…

CAN (ON): Supply issues in Hamilton

Roughly a month into selling cannabis in their storefronts, both of Hamilton’s retail outlets say they’re feeling the pressures of balancing supply and demand. On Friday, Steven Fry, the owner of Canna Cabana on Barton Street, told Global News he’ll be closing his store on Sundays until the province…

How California female cannabis entrepreneurs are overcoming hurdles in the industry

Female business owners face challenges starting and running cannabis operations, according to several such entrepreneurs who spoke at a recent industry conference in Santa Rosa. “I’m sure everyone’s probably tired of the cliché of building the airplane while we’re flying it, but that’s literally what…

US (NY): MMJ program poised to growth

As recreational cannabis shapes up to be a tough sell for New York lawmakers this session, there is one cannabis deal on the table that appears poised to move with little fanfare. A bill introduced this month by Assemblyman Richard Gottfried and Sen. Diane Savino, both downstate Democrats, would make it…

Growers pushing organic cannabis - with a higher price tag

As marijuana legalization drives down the price of pot, cannabis companies are increasingly marketing premium products with the same kinds of language used by Whole Foods or…

As prices drop, growers push 'organic' cannabis - with a higher price tag

As marijuana legalization drives down the price of pot, cannabis companies are increasingly marketing premium products with the same kinds of language used by Whole Foods or winemakers, invoking sunny fields of plants tended by smiling farmers. But eager retailers are running into an unexpected obstacle:…

US (MA): Freeze on new cannabis-related HCAs

Selectmen voted unanimously to implement a six-month freeze on negotiations of Host Community Agreements (HCAs) with new cannabis companies seeking to start businesses in…

US (RI): Greater competition with MMJ

When it comes to Rhode Island government, it always seems a good idea to follow the money. Rivers of cash are pouring into three medical marijuana dispensaries in the state —…

POND is using precision agriculture to improve cannabis plant growth and health

Cannabis growers are scaling up their production by orders of magnitude, and as with any nascent industry, they’re experiencing growing pains. Cannabis stores are stocked out,…

US (CO): New record in cannabis sales again in Colorado

It’s become a predictable pattern in the era of legal recreational pot in Colorado. Every year, the state sets a record for marijuana sales then, 12 months later — poof — it…

US, Canada and Mexico reach agreement on steel and aluminium tariffs

U.S. Secretary of Agriculture Sonny Perdue released the following statement after the Section 232 Tariffs were removed from Canada and Mexico: “Today’s announcement is a big…

US (UT): MMJ sales to start by March 2020

Medical cannabis products could be ready to sell to Utah patients as soon as January 1, 2020, if all goes according to plan, state officials told lawmakers on the Health and…

$69 billion European cannabis opportunity

After decades of prohibition, the adoption of legal cannabis reform is taking hold across Europe, especially in the critical treatment of a wide range of serious medical…

US (NM): Surveys illustrates MMJ supply shortage

State-commissioned surveys of New Mexico medical cannabis producers and patients show that many dispensaries are encountering difficulties in meeting demands for marijuana and related products. The Department of Health commissioned the surveys as it considers changing its limits on medical marijuana…

Israel regulator warns of MMJ bubble

Medical cannabis could become an investment bubble in Israel, the country’s market regulator warned, as cash floods into a rapidly-expanding industry where few companies yet make money. A special unit has been formed by the Israel Securities Authority (ISA) to ensure investors are protected and not being…

NG: How Nigeria could earn $145b through legal cannabis

Ondo State Governor Oluwarotimi Akeredolu has warned that Nigeria could lose $145 billion by 2025 over its failure to key into the global legal marijuana market. He made this…

JA: "Industrial hemp production poses threat to development of Jamaica MMJ industry"

Jamaica has developed a reputation internationally for the production of cannabis inflorescence (buds, flowers) and a wealth of indigenous knowledge and technical competence…

US (MI): MMJ businesses navigating regulatory uncertainty

Michigan’s medical cannabis market has experienced a flurry of activity in the past two weeks involving court rulings, state guidelines and legislation, and culminating in a…

US (OR): Oregon's solution for cannabis oversupply

Let’s hear it for Oregon, where cannabis is providing an ongoing lesson in elementary economics and the role of government in the marketplace. Also, let’s hear it for Oregon, where the state’s cannabis producers have grown and processed so much product — a six or a seven-year supply, depending on who you…

Why some cannabis investors are ignoring Canadian firms and eyeing US growers

Many Canadian licensed producers might never achieve profitability and eventually lose ground to their American counterparts because of oversupply and onerous marketing…

Caregivers should supplement MMJ shortage

Michigan has 300,000 registered medical cannabis patients in its system, but patient access to medical cannabis is limited in the state. A cannabis supply shortage and an…

US (CA): Weaker-than-expected sales hit California budget

California is paying a price for the shaky rollout of its legal marijuana market. State budget documents released Thursday show the Newsom administration is sharply scaling…

US (AR): MMJ sales to begin on Monday in Hot Springs

In the next few days, Arkansans will be able to buy medical marijuana in the Natural State. The first two dispensaries will be opening up in Hot Springs. They are Doctors Orders RX and Green Springs Medical. The manager at Doctors Orders says they are finalizing technical stuff with their register before…

US (CA): California cannabis market is not traced or tracked as anticipated

When California voters broadly legalized marijuana, they were promised that a vast computer platform would closely monitor products moving through the new market. But 16…

UG: Govt. says Cannabis investors are right to run out of patience

Investors waiting for clearance to venture into large scale planting of cannabis, also known as marijuana are right to get angry with the government for taking long to…

CA: Retailers struggle to keep cannabis extract on shelves

Retailers across Canada are struggling with a shortage of all cannabis, but there's one product they're especially desperate to keep on shelves: cannabidiol or CBD, a…

States like Oregon and Washington have too much cannabis and not enough demand

The unexpected cannabis problem

When states started legalizing cannabis, lawmakers worried about setting fees and rules for licensing and legislating where cannabis dispensaries could set up shop. The last thing they thought they needed to worry about was an oversupply of cannabis. But that’s exactly what’s happening in Oregon and Washington. The two Pacific…

TH: MMJ legalization to prompt research

Thailand’s recent legislation of medical cannabis has spurred active efforts to develop the herb’s medicinal properties. Several organisations have unveiled their plans. For…

Portugal: €45M investment in medical marijuana production

Holigen have announced plans to invest €45 million in the production of medical marijuana in Portugal over the next four years. Pauric Duffy from Holigen told Lusa News Agency that he expects the investment will lead to the creation of some 200 jobs. "We received our production license this year and we…

"China cashes in on the cannabis boom"

Two of China’s 34 regions are quietly leading a boom in cultivating cannabis to produce cannabidiol, or CBD. They are doing so even though cannabidiol has not been authorized for consumption in China, a country with some of the strictest drug-enforcement policies in the world. “It has huge potential,”…

CA (BC): Cannabis boosting Kelowna's industrial sector

There’s an industrial land market being fired up in Kelowna these days due, in large part, to the cannabis industry. The City of Kelowna only allows cannabis to be grown in land zoned Industrial, so there is now only a 1.5 per cent vacancy rate and development is moving to the north end of Kelowna next…

Deutsche Bank AG invests $3.11 million in Aurora Cannabis stock

Deutsche Bank AG acquired a new stake in Aurora Cannabis Inc (NYSE:ACB) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 626,715 shares of the company’s stock, valued at approximately $3,105,000. Deutsche Bank AG owned…

African countries exporting cannabis

African governments are considering ways of tapping into the lucrative marijuana market. According to a UN survey, more than 10,000 tons of cannabis are produced on the…

US (NM): Growing opportunities for hemp

One year ago, Jeff Apodaca was vying with then-Rep. Michelle Lujan Grisham for the Democratic nomination in New Mexico’s gubernatorial race. Today, he’s investing in what he…

AU: MMJ market is growing fast

A leading supplier of medicinal cannabis increased its Australian patient numbers by 27 per cent over a three-week period in April, representing 10 new patients every business day. In an interview…

US: Competition for MMJ cultivation licenses heats up

Cannabis growers are seeking more land to generate more profits and to keep the shelves full in dispensaries across North America. They need more land for more production.…

Will Switzerland soon start exporting Cannabis into Germany and the EU?

With the news that both the first German bid has concluded and that Macedonia seems poised to import cannabis into the European Union, there has been increased interest in who…

New marketplaces emerge as the cannabis industry expands

In an opinion piece by financialbuzz.com, the new emerging marketplaces for the cannabis industry are explored. The cannabis industry has reached some significant milestones…

Cannabis industry as a job machine

David Dancer is a 48-year-old marketing executive who has worked for big brands like Charles Schwab and Teleflora. A year ago, he got a call from a recruiter for a different kind of company: MedMen, a cannabis retailer that has been called “the Apple Store of weed.” The opening was for a chief marketing…

DE: MMJ from Latam to be imported for initial testing

Cansativa GmbH, a German cannabis distribution and wholesaler, has become the first European company to import Latin American medical cannabis samples for initial testing. The…

UY: Uruguay set to begin MMJ export

Already the first country in the world to legalize recreational use of marijuana, Uruguay now aims to go further by becoming the first in Latin America to export it for…

Europe set to witness fast evolving MMJ market opportunities

Seeing the potential and the future of the medicinal cannabis market, two companies – NYSK Holdings and PharmaCann Polska – decided to join forces to reap the rewards that come from combined strength. The merged companies, under the new name PharmaCann International, with their technical knowledge,…

UG: Govt. sign MMJ export deal

The Ugandan government has closed a deal to export medicinal cannabis to Germany and Canada with the use of cannabis or other leisure purposes such as smoking remaining illegal. According to the…

CO: Entrepreneurs to capitalize on MMJ 'made in Colombia'

Beginning in 2019, Made in Colombia could have a whole new cachet in the cannabis world. Forget guys in fatigues loading bales of weed onto twin-engine Cessnas on a jungle airstrip — this will be deals inked in corporate boardrooms in Toronto, Cali, and Medellín, orchestrating the export of high-quality…

US (AR): MMJ sales to begin in mid-May

Medical marijuana sales in Arkansas are set to begin around May 12 as cultivators plan to begin harvesting the plant in the coming days and regulators finish the approval process for state's first dispensaries. Department of Finance and Administration Spokesman Scott Hardin said Friday the final decision…

Cannabis opportunities in South Africa

On 18 September 2018, the Constitutional Court of South Africa had the following ruling in an unanimous decision: An adult person may, use or be in possession of cannabis for…

US (NV): Study finds strain names hide how similar cannabis is

A new study could put a strain, so to speak, on the love affair between cannabis consumers and their favorite flower. Researchers in Nevada collected 2,662 samples of cannabis flower and employed a third-party testing laboratory to measure the chemical profile. They found only three chemical varieties of…

What is the cost of vertical farming?

How can vertical farming contribute to (inter)national food production? This question is more complex than it initially seems. The answer does not only depend on the production, but also on the costs for water, energy and CO2. The Greenhouse Horticulture Business Unit of Wageningen University &…

A report by MNP

How Canada could dominate the global cannabis industry

In a recent report published by MNP, the role of Canada within the global cannabis industry is explored. As more countries trend toward partial or total cannabis legalization, Canadian businesses have every advantage to shape and capitalize on a burgeoning international industry, according to a recent…

US (OR): WIll Oregon be known for its cannabis export?

Oregon lawmakers are a step closer to passing a bill that would set the groundwork for future agreements with other states to import and export cannabis across state lines. Proponents of the bill say it could open a golden door of opportunities for Oregon-based cannabis distributors looking to export…

What countries are supplying the UK with MMJ?

Because of strict regulation, it is incredibly difficult to obtain a licence to grow, market and distribute medical marijuana in Britain, so the UK currently relies on other…

Growers struggle to get enough cannabis to the market

One pesky stamp has become the symbol of a continuing problem in Canada: Pot producers struggling to get enough cannabis to market, at least in the ways that buyers want it.…

Limits increase on USDA farm loans

The 2018 Farm Bill increased the amount that producers can borrow as direct and guaranteed loans available through USDA’s Farm Service Agency (FSA) and made changes to other…

IL: New $30 million cannabis investment fund launched in Israel

A new $30 million cannabis investment fund, Greenfield Venture Capital, has been launched in Israel with the intention of making Seed and Series A round investments in cannabis-related startups. The fund is being chaired by Boaz Wechtel, a co-founder of Ale Yarok (Green Leaf), a political party in Israel…

ET: On the relationship between the cannabis industry and Ethiopia

As Ethiopia is inviting the world to invest in its local economy as a strategy to change its narrative, despite its financial benefits, the issue of medicinal cannabis is…

Exhibition time: Scam alert

Calls to book your hotel for an exhibition, forms to sign-up for the International Fairs Directory, e-mails to buy contact lists for major trade shows. Again we warn you not to answer any of these scamming companies that are targeting the horticultural trade fairs. Hotel scam "Good morning! I'm calling you regarding your hotel…

US (PA): Saxton residents hope MMJ industry will revitalize local economy

Local residents expressed hope that a budding medical marijuana facility will help revitalize a borough once partially economically dependent on a leather plant that shut down years ago. The medical marijuana facility along Horton Drive in Saxton is expected to start producing in a couple of weeks, said…

CA (BC): Licensed cultivator to enter Nevada market through new partnership

1933 Industries and its subsidiary, Alternative Medicine Association have announced a licensing agreement with OG DNA Genetics for the exclusive license to cultivate,…

American Farm Bureau concerned about labor, trade if border closed

The American Farm Bureau Federation is urging the administration to make sure that any steps undertaken to tighten enforcement at the U.S. border do not create more uncertainty for agricultural producers. “Right now, farmers and ranchers are toughing it out,” said AFBF President Zippy Duvall. “Many of…

Rabobank: Hemp is Hot right now

Report says hemp industry is booming

The hemp industry has got a lot of people excited. Despite headlines about legalization, there are serious regulatory, agronomic, and market risks that are being overlooked in…

Growing cannabis for a female-focused market

While walking through the halls of most of horticulture trade fairs, it is not necessary to be an acute observer to notice that the industry is male-dominated. Among other things, this characteristic derives from the close connection between horticulture and the financial industry: the latter too has…

Increasing number of Chinese firms to jump into hemp industry

Huaren Pharmaceutical, based in Qingdao, East China's Shandong Province, said Wednesday that it has teamed up with a biotechnology company in Southwest China's Yunnan Province…

US grower to utilize root zone temperature optimization system

Roots Sustainable Agricultural Technologies has secured a second sale of its Root Zone Temperature Optimisation heating and cooling system in America to independent cannabis producer Ivo Lopez of Mendocino Natural Farms in Northern California. A holder of several cultivation licenses, Mendocino Natural…

Canadian firm adds product identification numbers to cannabis products

Aurora Cannabis and its wholly-owned subsidiary CanniMed Therapeutics have added product information numbers (PINs) to 78 medical cannabis products so to better facilitate and track insurance coverage for their Canadian patients. The products that received PINs include dried flower, capsules, soft gels,…

Joint release from CFBF, Family Farm Alliance, Western Growers:

Over 100 organizations urge Congress to address Western water challenges

Over 100 organizations representing water and agricultural interests in the Western U.S. urged Congress to use any infrastructure package under consideration to help address…

AmericanHort welcomes more seasonal worker visas

On March 29, the Department of Homeland Security announced that it plans to release an additional 30,000 H-2B workers for returning immigrant workers. "This progress would not have happened without the steady advocacy push by our advocacy team, industry leaders, association members, state association…

Germany: Domestic cultivation could finally gather steam

For two years, Germany has allowed cannabis cultivation for medical purposes. But picking suitable growers hasn't been all plain sailing. A competitive tendering process had…


© MMJDaily.com 2019

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

Subscribe I am already a subscriber