Judge Mulling Nevada Bid for Recreational Pot Sales July 1

Nevada’s marijuana regulators are working furiously to launch recreational sales on July 1, a fast-approaching deadline that could hinge on a court deciding whether the powerful liquor industry should be guaranteed a piece of the pot pie before tourists and residents can light up.

WeedMD (TSX-V:WMD) Secures Health Canada License to Produce Cannabis Oils

WeedMD Inc. (TSX-V:WMD) , a federally licensed producer of medical cannabis, is pleased to announce that on June 16, 2017, the Company received a supplemental license from Health Canada for the production of medical cannabis oils. The Company has imported a purpose-built high-throughput ethanol extraction machine from Germany, with the goal of starting R&D and production of cannabis oils immediately.

Canopy Growth Provides Global Operational Update

Canopy Growth Corporation ( TSX: WEED )), is pleased to provide the following significant summary of updates to inform shareholders and stakeholders of activities and developments across the global organization.

Gala Global Inc. Names Dr. Maqsood Rehman as COO

Gala Global, Inc. ( OTC:GLAG ), a publicly-traded development firm specializing in equity investments, debt financing and mergers and acquisitions in the biotechnology industry, has named Dr. Maqsood “Max” Rehman as the company’s Chief Operating Officer (COO).

What You Need to Know About Legal Weed in California

The November 2016 passing of Proposition 64, the Adult Use of Marijuana act, brought legal recreational weed-use to California for the first time––making the Golden State one of only eight states to honor such a freedom. Here's what you need to know. (From Kindland)

Pot stocks: Is now the time to invest in medical marijuana?

An air of optimism is brewing around Canada's cannabis sector. In Alberta, a cannabis company is breaking ground this week on an 800 square-foot, state-of-the-art medical marijuana greenhouse near Edmonton. Then, another startup out of Okotoks will launch an online marketplace, called DooberExpress.com on Saturday. But is now the right time to buy into the hype and invest in this growing industry?

The Global Legal Cannabis Industry is Expected to Gain Momentum

According to a research published by Ameri Research Inc., the global legal cannabis market was valued at $14.3 billion in 2016. The market is forecast to grow at a CAGR of 21.1% between 2017 and 2024, while culminating in 2024 global sales of $63.5 billion . The legal cannabis market is witnessing robust growth owing to the increasing legalization and decriminalization of marijuana across North America and Europe .

Legal Cannabis Sales Grow in North America

According to a report by Arcview Market Research, the legal cannabis industry accelerated at a remarkable pace in 2016. North American consumers spent $6.7 billion on legal cannabis products, up 34% from 2015. The report forecasts that growth will reaccelerate in beginning of 2018, as adult use sales ramp up in Canada , California , and Massachusetts along with medical sales in Florida .