Cannabis Scientist Joins the Chorus of Disdain Against Monsanto
Many watched with delight as Prop 64 was approved in California this past November. Others had mixed reactions provoked by fear that big business would sweep in and wipe out the small growers and sellers who had been steadfastly, and quietly, supplying our weed for the last several decades.
They weren’t totally wrong to be concerned; the industry is taking off like wildfire.
Take a look at the numbers: Colorado raked in nearly a billion dollars in the first 10 months of 2016. Forbes Magazine projected the cannabis market could grow 700 percent by 2020, and just about the straightest banking newsletter on earth placed marijuana as the third fasting growing industry in the country (after 3-D printing and drones!).
Six Predictions For The Marijuana Industry In 2017
Missouri Lawmakers Introduce Two Medical Marijuana Bills
A couple of Missouri lawmakers will be pushing once again in the 2017 legislative session to legalize a comprehensive medical marijuana program for patients living with severe health conditions.
It was revealed this week that Senators Jason Holsman, a Democrat from Kansas City, and Rob Schaaf, a Republican hailing from St. Joseph, have separately introduced legislation to be heard in the upcoming session aimed at creating a statewide medical marijuana program.
Although there are not many details available on Holsman’s proposal, a measure filed under Senate Bill 56, the brass tacks of this effort is that it would allow the state to “grant licenses for the cultivation, manufacture, distribution, and sale of marijuana for medical use.”
More Good News for Those Who Want to See Marijuana Legalized
As 2016 comes to a close, it can arguably be described as the best year ever for marijuana. At the beginning of the year, 23 states had legalized medical cannabis, while residents in just four states had voted in favor of legalizing recreational marijuana. By year's end, five new states had legalized medical pot, and another four had voted in favor of legalizing recreational weed.
The sales figures behind pot speak volumes of how far it has come and where it's expected to head next. According to investment firm Cowen & Co., the legal pot industry is worth about $6 billion at the moment. However, the opportunities for organic growth (pun intended), as well as expansion via new state approvals, could push the legal market size to an estimated $50 billion by 2026. This would imply a greater-than-23% compound annual growth rate for the next decade.
How a 1 Billion Marijuana Company is Preparing For Legal Weed In Canada
VICE News gets an exclusive look inside Canopy Growth Corp., the Canadian marijuana producer that calls itself the world’s largest legal weed company.
So far the company has only been allowed to sell to medical patients, but that will all change when prime minister Justin Trudeau makes good on his promise to legalize marijuana for recreational purposes in the Spring of 2017.
That’s especially good news for Canopy, which has been gearing up for the recreational market for years, even though the government hasn’t yet even unveiled its legalization plan. This year, its subsidiary Tweed announced a partnership with Snoop Dogg, and it became the first weed company to list on a major stock exchange. Since then, its stock price has rocketed upwards, and they’ve been evaluated at upwards of $1 billion, making them the first Canadian pot company to reach that mark.
Marijuana Dispensaries see Increased Sales During the Holidays, Just like Other Retailers
- 192,270 Views Category: Odd
- 151,349 Views Category: Fun
- 140,910 Views Category: Culture
- 102,610 Views Category: Culture
- 101,189 Views Category: Culture
- 100,470 Views Category: Fun
- 81,051 Views Category: Culture
- 79,239 Views Category: Odd
- 71,120 Views Category: Fun
- 64,575 Views Category: Fun