Cannabis News Box

Report: Asia’s medical cannabis market will swell to $5.8 billion in value by 2024

Report: Asia’s medical cannabis market will swell to $5.8 billion in value by 2024

Bethan Rose Jenkins, Cannabis News Writer/Editorial

May 31, 2019

Based on detailed findings recently published in the Asian Cannabis Report, legalizing weed in Asia could significantly bolster the economy. By the year 2024, researchers say that the medical cannabis market in Asia will be valued at an estimated $5.8 billion. This is based on a report by cannabis indust...

China is capitalizing on the rise of medical cannabis

China is capitalizing on the rise of medical cannabis

Bethan Rose Jenkins, Cannabis News Writer/Editorial

May 22, 2019

As most people already know, a lot of things are stamped with the words “Made in China” on them. After all, China is a hub for creation and innovation. From big-name clothing brands like Prada and Burberry, to the Apple and Android devices that many of us rely on in everyday life, a large chunk of glo...

Fresh report gives ‘realistic’ insight into European cannabis market

Fresh report gives ‘realistic’ insight into European cannabis market

Bethan Rose Jenkins, Cannabis News Writer/Editorial

May 13, 2019

Based on a new report from Marijuana Business Daily, year-over-year cannabis sales in Europe are climbing. The statistics spell out promising things for investors in the European medical cannabis market, with the recent report spotlighting how future demand for the plant could surge as more of its medical ben...

Mexico may soon decriminalize cannabis

Mexico may soon decriminalize cannabis

May 13, 2019

Thor Benson / Cannabis News Box Contributor Mexico’s president is currently proposing a plan to decriminalize cannabis in the country. Mexican President Andrés Manuel López Obrador outlined his proposal in what is called the “National Development Plan.” The plan would provide prescription canna...

Mexico plans to legalize recreational cannabis this October

Mexico plans to legalize recreational cannabis this October

Bethan Rose Jenkins, Cannabis News Writer/Editorial

May 3, 2019

It’s hard to ignore the rate at which the cannabis industry is growing, and it looks like Mexico could be next to enact legislation. In fact, recent reports have revealed how the North American country plans to legalize pot before October. Support for cannabis legalization in the U.S. has jumped from 25 percent in 1995 to 66 percen...

Black market weed in Canada is undercutting legal dried cannabis on price, Statistics Canada

Black market weed in Canada is undercutting legal dried cannabis on price, Statistics Canada

Bethan Rose Jenkins, Cannabis News Writer/Editorial

May 1, 2019

New crowdsourced data collected by Statistics Canada has revealed how Canada’s legal cannabis market is costing consumers more than the illicit market. In fact, post-legalization, black market buyers are paying an average of CAD$6.37 per gram. This is less than the average per-gram price of $6.79 pr...

Merrill Lynch initiates cannabis sector coverage and predicts more cross-border deals

Merrill Lynch initiates cannabis sector coverage and predicts more cross-border deals

Bethan Rose Jenkins, Cannabis News Writer/Editorial

April 30, 2019

Bank of America Merrill Lynch recently amplified its interest in the legal cannabis industry after it released a report that predicts two significant events likely to cause a paradigm shift: an end to federal prohibition in the U.S. and cannabis oversupply issues by 2021. “Importantly, whether leg...

Supreme Cannabis launches a cannabis genetics company Cambium Plant Sciences

Supreme Cannabis launches a cannabis genetics company Cambium Plant Sciences

Bethan Rose Jenkins, Cannabis News Writer/Editorial

April 29, 2019

On Monday, April 22, The Supreme Cannabis Company, Inc. announced its plans to launch Cambium Plant Sciences in Goderich, Ontario. Cambium is a wholly-owned subsidiary of Toronto-based pharmaceutical company Supreme Cannabis. Also included in Supreme Cannabis' portfolio is its multi-award-winning brand 7...

Canopy Growth secures deal to buy Acreage for $3.4 billion in ‘game-change’ for North American cannabis industry

Canopy Growth secures deal to buy Acreage for $3.4 billion in ‘game-change’ for North American cannabis industry

Bethan Rose Jenkins, Cannabis News Writer/Editorial

April 29, 2019

Canopy Growth has made news headlines once again for an acquisition that has set the cannabis industry leader back a whopping $3.4 billion. The deal, which won’t be effectuated until federal prohibition is lifted by the U.S. government, will see the Ontario-based company purchase New York-based...

Legal cannabis spending in Canada is on the rise

Legal cannabis spending in Canada is on the rise

Bethan Rose Jenkins, Cannabis News Writer/Editorial

April 24, 2019

A new report released by ArcView Market Research and BDS Analytics has revealed a very interesting insight into legal cannabis spending in Canada. The report is titled “Canada Leads The Way on Global Cannabis Legalization” and it indicates that spending on cannabis consumer products in the Gr...

Asia is capitalizing on industrial hemp

Asia is capitalizing on industrial hemp

Bethan Rose Jenkins, Cannabis News Writer/Editorial

April 20, 2019

The hemp plant is attracting a lot of media attention as of late, what with cannabidiol (CBD) quickly emerging as a therapeutic pharmaceutical ingredient. Although the plant has been cropping up in the news lately, hemp is by no means new to the world. It is steeped in history, with the ancient Chi...

Legal cannabis companies in the States are being dismissed by Canadian banks

Legal cannabis companies in the States are being dismissed by Canadian banks

Bethan Rose Jenkins, Cannabis News Writer/Editorial

April 18, 2019

America is edging closer to cannabis reform. So far, 33 U.S. states have legalized cannabis for medical purposes, and 10 U.S. states and Washington D.C. have legalized the plant for adults aged 21 and over. Uncle Sam might be turning a verdant shade of green, but one main problem remains for legal weed ...

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