Cannabis News Box

Cannabis cultivation market will soar to $45.4 billion by 2026

Cannabis cultivation market will soar to $45.4 billion by 2026

Bethan Rose Jenkins, Cannabis News Writer/Editorial

September 25, 2019

Cannabis cultivators are expected to reap what they sow on a monumental scale, what with market demand soaring. Based on a recent report by Grand View Research, Inc., the global market size for cultivation will top $45.4 billion by 2026. This figure suggests that the global cannabis cultivation market will i...

Bank of America VP predicts a $166 billion cannabis market

Bank of America VP predicts a $166 billion cannabis market

Bethan Rose Jenkins, Cannabis News Writer/Editorial

May 31, 2019

Over the past decade, cannabis has filtered into the mainstream retail market. Broadscale legalization of the plant has contributed to a surge in investor interest, where cannabis investors traded pot stocks like Aurora Cannabis (NYSE:ACB), Innovative Industrial Properties (NYSE:IIPR) and Cronos Group (N...

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...

Weed and fizzy drinks are being eyed up on Wall Street

Weed and fizzy drinks are being eyed up on Wall Street

Bethan Rose Jenkins, Cannabis News Writer/Editorial

February 24, 2019

Cannabis is a hot topic on Wall Street right now, where three cannabis stocks are currently trading on the New York Stock Exchange (NYSE). However, it’s not just weed that’s expected to shake up the stock market in 2019 but also, soda and video games. Let’s take a closer look at what Wall Stree...

Aurora Cannabis churns out 11,000 pounds of weed in 3 months, causing stocks to skyrocket 2,800 percent

Aurora Cannabis churns out 11,000 pounds of weed in 3 months, causing stocks to skyrocket 2,800 percent

Bethan Rose Jenkins, Cannabis News Writer/Editorial

November 26, 2018

Canadian cannabis company Aurora cannabis has revealed how legal weed sales revenue soared 260 percent over the last year. Production also swelled to meet a rise in demand, with the company yielding a whopping 4,996 kilograms of cannabis. That’s the equivalent of 11,000 pounds. Compared to the...

Canada’s legal cannabis industry is not without risk

Canada’s legal cannabis industry is not without risk

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 29, 2018

Since Canada’s Senate approved amendments to Bill C-45 (the Cannabis Act) on June 19, the legal cannabis industry has gone full steam ahead. As the world’s first industrialized country to legalize cannabis fully, Canada is under a lot of pressure to prove that cannabis reform is worthwhile. Consumer...

Jeff Sessions might make cannabis stock investors wealthy

Jeff Sessions might make cannabis stock investors wealthy

Bethan Rose Jenkins, Cannabis News Writer/Editorial

May 21, 2018

If there is one thing that U.S. Attorney General Jeff Sessions is best known for, it’s probably his opposition to cannabis legalization. Despite this, Sessions could potentially aid cannabis investors in raking in the cash over the next few years, so it seems. There aren’t many industries that experien...

The success of the cannabis industry in the U.S. will likely hurt the beer industry

The success of the cannabis industry in the U.S. will likely hurt the beer industry

Bethan Rose Jenkins, Cannabis News Writer/Editorial

May 10, 2018

The rapid rise of the cannabis industry could cause trouble for the beer industry, according to the managing director and senior research analyst at Cowen, Vivien Azer. Azer has noticed a correlation between the rate of binge drinkers living in weed-friendly states. Not to mention, people with easy acc...

Canadian cannabis cultivator strikes deal with Denmark tomato producer

Canadian cannabis cultivator strikes deal with Denmark tomato producer

Bethan Jenkins

January 15, 2018

Aurora Cannabis Inc. (TSX:ACB) could be on the verge of striking gold in the near future, as the Canadian cannabis cultivator prepares to join forces with Danish pepper and tomato-production company, Alfred Pedersen & Son (TSX:WEED). The aim of the partnership is to cultivate the cannabis plant for...

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