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Cannabis Scientist Joins the Chorus of Disdain Against Monsanto

Category: News | Posted on Tue, December, 27th 2016 by THCFinder

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!).

Read More:http://hightimes.com/news/cannabis-scientist-joins-the-chorus-of-disdain-against-monsanto/


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Six Predictions For The Marijuana Industry In 2017

Category: News | Posted on Tue, December, 27th 2016 by THCFinder

This year saw big election wins for marijuana in several states. In addition, Colorado crossed the $1 billion mark for annual marijuana sales. Now a new year is almost here and a new presidential administration for the cannabis industry to navigate. It's time to look ahead and see what's in store for the cannabis industry in 2017.

 

The two biggest areas of focus for the upcoming year are California and Jeff Sessions. With California's recreational marijuana market in the building phase, many in the industry will be watching for progress throughout the year. Another big center of attention will be the appointment of Jeff Sessions as U.S. Attorney General. This will keep the industry on heightened alert for any changes in law enforcement.  Aside from those two topics, here are some of the industry’s biggest predictions for the 2017.

 

Read More:http://www.forbes.com/sites/debraborchardt/2016/12/26/here-are-the-top-2017-predictions-for-the-marijuana-industry/#7c967cc9689a


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Missouri Lawmakers Introduce Two Medical Marijuana Bills

Category: News | Posted on Mon, December, 26th 2016 by THCFinder

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.”

Read More:http://hightimes.com/news/missouri-lawmakers-introduce-two-medical-marijuana-bills/


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More Good News for Those Who Want to See Marijuana Legalized

Category: News | Posted on Mon, December, 26th 2016 by THCFinder

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.

Read More:http://www.fool.com/investing/2016/12/25/more-good-news-for-those-who-want-to-see-marijuana.aspx


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How a 1 Billion Marijuana Company is Preparing For Legal Weed In Canada

Category: News | Posted on Sun, December, 25th 2016 by THCFinder

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.

Read More:https://news.vice.com/story/how-a-1-billion-marijuana-company-is-preparing-for-legal-weed-in-canada


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Marijuana Dispensaries see Increased Sales During the Holidays, Just like Other Retailers

Category: News | Posted on Sun, December, 25th 2016 by THCFinder

Many consumers go into a buying frenzy around the holidays, and traditional retailers aren’t the only businesses that notice an uptick in sales during this time of year.  This is simply proof of why cannabis is better off in a regulated system since more people actually seek cannabis products out as gifts for people who they know it would be just right for.

Randa Shahin, owner/operator of Homegrown Apothecary in Portland, OR, said, “Business grows around the holidays…primarily with edibles and vape products because people need a discreet way to put up with their families. There is also an increase because of gift giving ideas.”

Read More:https://www.theweedblog.com/marijuana-dispensaries-see-increased-sales-holidays-just-like-retailers/


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