Articles

ChineseInvestors.com (CIIX) Eyes Expansion in CBD Markets throughout North America

2017-07-19 NetworkNewsWire (NNW)

  • Sees opportunities in the fast-growing international medical marijuana market
  • Plans store opening in San Gabriel, California, with online hemp-based product store already in Shanghai, China, targeting the global Chinese-speaking community
  • Consilium Global Research projects that company revenues will reach $14.8 million by FY2020

Legal Cannabis and Hemp Based Product Sales Projected to Grow

2017-07-18

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 .

The strategic approach of ABcann’s growth technique

2017-07-18

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.

MedReleaf Corp. Announces Distribution Agreement with CannaKorp Inc.

2017-07-17

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™. 

Congress Debates Marijuana Banking Amendment

2017-07-14 Tom Angell

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.

Nevada adopts emergency rules to meet huge demand for weed

2017-07-14 cannabist,Scott Sonner | Associated Press

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.