Market info

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…

Despite ambiguity in the regulations, more are finding employment in the industry

“Imagine running a race with brand-new shoes and a burst of energy but no idea what the course looks like,” says Kristen Nichols, in the 2019 Hemp & CBD Industry Factbook, “That’s somewhat the position in which today’s hemp industry finds itself.” From the looks of things, that race is attracting lots of…

US: Senate could consider cannabis research amendment on spending bill

The federal government would be required to study the impact of state marijuana legalization laws under an amendment to a spending bill that Sen. Bob Menendez (D-NJ) wants his…

TR: Turkey's industrial cannabis cultivation area rises fivefold in a year

The cannabis cultivation area in Turkey has increased fivefold from last year, from 200 decares (49.42 acres or 200,000 square meters) in 2018, to 1,000 decares (247.11 acres or 1 million square meters) in the current year, according to the data released by Turkey's Agriculture and Forestry Ministry. The…

CAN (ON): Canopy’s bottling facility at the centre of its Cannabis 2.0 plans

Four empty stainless steel vats lie at the centre of Canopy Growth’s plans for cannabis-infused drinks in the Canadian legal pot market. The containers will soon contain more than 300 litres of cannabis resin which will be used to make one of more than a dozen of Canopy’s upcoming drinks. BNN Bloomberg’s…

Mexico: Farmers in Chihuahua replace marijuana with avocados

Various farmers in the Mexican state of Chihuahua are giving up growing marijuana and planting avocados instead. According to the mayor of Guadalupe y Calvo, farmers in the…

US (CO): Early storm hammers Colorado’s cannabis supply

Los Suenos Farms, one of the largest cannabis producers in Colorado, is an outdoor grower, which means it is subject to the whims of Mother Nature. And on Oct. 10, Mother…

CAN (BC): New findings on cannabis use in Canada

UBC Northern Medical Program Professor Dr. Russ Callaghan has found that a small proportion of cannabis users, the upper 10 per cent of heaviest-using individuals, consumed approximately two-thirds of all cannabis used in Canada in 2018. Dr. Callaghan and his team looked at data from the 2018 National…

US (MD): University of Maryland mulls offering a Master’s in cannabis

Summer Kriegshauser is a Washington DC denizen studying for her second master’s degree online. Each day before she goes to work, she logs in to a website and goes through her lectures and classwork. She is hopeful that she will be able to change careers with additional qualifications. She is studying for…

Growers strive to meet cannabis demand as the industry keeps growing

The widening gap between licensed producers and consumer demand has continued to grow since Canada fully legalized cannabis back in late 2018. Cultivators are struggling to…

Cannabis growers Project C file a class action lawsuit against Dutch bank, ABN AMRO

"As soon as the word cannabis is mentioned, banks and insurance agencies stop listening”

To this day, no Dutch bank is prepared to provide a bank account for Project C, a Dutch cannabis project that wants to partake in a government experiment called ‘Closed…

US (OH): How big cannabis got a foothold in Ohio

Two years after Ohio awarded its first medical marijuana licenses, a clearer picture has emerged of how big, multi-state cannabis companies are making inroads into the state. Many won licenses through the state's competitive application process. But others, including companies rejected for Ohio licenses,…

US (CA): How black market is a buzzkill for CA's cannabis industry

It's harvest season for California's largest cash crop - cannabis. Valued at more than $11 billion, it's worth more than the states grape and almond industries combined. California grows more pot than any place in the country. Three years ago, voters approved a ballot measure called Prop 64 in…

PT: New Portuguese growing operation to supply German cannabis market

A European consortium backed by American cash is set to invest millions of dollars in a new operation in Portugal designed to supply the booming German medical cannabis market. And cannabis financial market analysts are calling out Portugal as a prime location for those companies looking to take…

US: MMJ growers struggling to keep up with demand

An eighth-ounce of bud costs $123,456 if you order online from medical cannabis dispensary Justice Grown Pennsylvania. It’s a creative deterrent to stop patients from placing orders online amid widespread shortage of dry leaf medical cannabis. Demand has outpaced supply ever since state regulators opened…

US: The cost of cultivating cannabis, by state

To the outside world, the legal cannabis industry appears to be one big cash machine. While it’s true lots of money can be made, the price of doing business can be steep, particularly for those at the pyramid’s foundation—growers. Beyond direct cultivation costs like utilities, nutrients, and labor,…

What is going on with Portugal's cannabis industry?

Licensing is underway in Portugal, although the competition is as fierce as it is in many other markets. The government changes rules, slowly, then opens up the gates and then…

UY: Blockchain emerging as new traceability option for cannabis

æternity, the open-source blockchain for building decentralized applications, today announced that it is creating a supply chain management platform for the cannabis trade…

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…


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