As the marijuana industry begins to struggle with supply and demand conditions in states where cannabis is legal at some level, the number of cannabis grow facilities and along with the introduction of new CBD products continue to rise at an astounding rate.
Industry Leaders Riding High as Marijuana Demand Outpaces Supply NetworkNewsWire Editorial Coverage Share this article NEW YORK , July 19, The legal marijuana market has been growing by leaps and bounds in North America . Sales jumped 30 percent in 2016, accounting for $6.7 billion in retail activity in the United States and Canada .
In this interview, Aaron Keay, CEO of ABcann Global Corporation, speaks with Natasha Frakes about why the company waited two years from getting their license before going public, the factors that differentiate the company from competitors, as well as their strategy in the Canadian marketplace. Aaron discusses how the company manages the health of its plants in order to ensure that deviation and variance in the product is minimal. He goes on to explain how the company’s path to success in Canada is based on a scaling method, which allows the company to grow one premium product with an increased production capacity.
Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP) this morning announced that the Australian Patent Office has granted patent #2015274698, which protects Lexaria’s method of improving absorption, speed of onset and taste of cannabinoid active agents in edible products.
According to a research report by Ameri Research Inc., the global legal cannabis market was valued at $14.3 billion in 2016 and is projected to grow at a CAGR of 21.1% from 2017 to 2024. By 2024, the projected demand of cannabis will continue to rise for both recreational and medical use, while reaching an estimated global sales value of $63.5 billion .
SinglePoint, Inc. (OTC: SING) is serving up prime opportunities for investors as it expands its array of offerings for the legal cannabis market—all without ever touching the marijuana plant.
iAnthus Capital Holdings, In, (CSE: IAN) (CSE: IAN.CN) ( CNSX: IAN ) ( OTCQB: ITHUF ), and Grassroots Vermont weigh in on new legislation in Vermont that significantly expands the state's medical marijuana program
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iAnthus Capital Holdings, In, (CSE: IAN) (CSE: IAN.CN) ( CNSX: IAN ) ( OTCQB: ITHUF ), and Grassroots Vermont weigh in on new legislation in Vermont that significantly expands the state's medical marijuana program
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MedReleaf Corp. ( TSX: LEAF ), North America's first and only ISO 9001 and ICH-GMP certified producer of cannabis-based pharmaceutical products, today announced a multi-year licensing and distribution agreement with Massachusetts -based CannaKorp Inc. ("CannaKorp"), makers of the world's first single-use, pod-based cannabis vaporizing system, the CannaCloud™.
ICC International Cannabis Corporation ("ICC" or the "Company") (TSX VENTURE:ICC), a fully licensed producer and distributor of medical and non-medical cannabis and cannabinoid extracts ("CBD"), is pleased to announced it has been officially approved for non-medical cannabis sales in Uruguay by the Ministry of Health.
Nevada moved Thursday to reduce supply problems at recreational marijuana stores that have faced overwhelming demand for newly legal pot and the possibility of their shelves going empty.
Regulators approved emergency rules that would speed up licensing for pot distributors, a sticking point that launched a legal battle and threatened the flow of supplies after dozens of retailers started selling recreational marijuana on July 1.
A U.S. House panel briefly debated — but did not vote on — an amendment to give marijuana businesses greater access to banks late on Thursday night. Under current federal prohibition laws, many financial services providers are reluctant to work with cannabis businesses for fear of being prosecuted for money laundering. As a result, many state-legal marijuana growers and sellers operate on a cash-only basis, which makes them targets for robberies.
India Globalization Capital, Inc. (NYSE MKT: IGC), a developer of cannabis-based therapies to treat a variety of life-altering conditions, this morning announced its financial results for the fiscal year ended March 31, 2017.
SANTA ANA, Calif. Kush Bottles, Inc. (OTCQB: KSHB), a dynamic sales platform that provides unique products and services for both businesses and consumers in the cannabis industry, today reported financial results for its third fiscal quarter ended May 31, 2017 .
