Cannabis News Box

Analysts predict global hemp industry will be valued at $5.7 billion by 2020

Analysts predict global hemp industry will be valued at $5.7 billion by 2020

Bethan Rose Jenkins, Cannabis News Writer/Editorial

March 11, 2019


Filed under News

The future looks bright for the hemp industry. Thanks to scientific evidence demonstrating the plant's therapeutic qualities, hemp is emerging as a comeback crop in the United States and across Canada. A plant that grows with no more than 0.2 percent THC (tetrahydrocannabinol), hemp could earn C...

Big Pharma, Big Tobacco betting big on legal weed

Big Pharma, Big Tobacco betting big on legal weed

Bethan Rose Jenkins, Cannabis News Writer/Editorial

February 28, 2019


Filed under News

Major pharmaceutical drug companies are getting involved in legal cannabis, albeit a bit discreetly. According to recent reports, patents are being snapped up left, right and center, while some pharmaceutical giants are dishing out all their dollar on research and development (R&D). So long as a drug is deemed...

Report reveals constant climb in U.S. cannabis consumer shopping

Report reveals constant climb in U.S. cannabis consumer shopping

Bethan Rose Jenkins, Cannabis News Writer/Editorial

February 12, 2019


Filed under News, Showcase

A report by New Frontier Data has demonstrated growth in U.S. cannabis consumer shopping. Average expenditure per consumer seems to be inflating as more states adapt their laws to permit pot in some form, be it medical or recreational. States are showing growth in their respective legal weed ma...

Global medical cannabis market set to be worth $28 billion by 2024

Global medical cannabis market set to be worth $28 billion by 2024

Bethan Rose Jenkins, Cannabis News Writer/Editorial

May 7, 2018


Filed under Global, Medical cannabis, News

Energias Market Research has released a report detailing the projected size of the global medical cannabis market in 2024. The report showed how the market will swell at a compound annual growth rate (CAGR) of 19.1 percent between 2018 and 2024. Estimated to be worth $8.28 billion in 2017, the global medical cannabis market will skyro...

Federally legal cannabis could generate $106 billion in tax revenue

Federally legal cannabis could generate $106 billion in tax revenue

March 13, 2018


Filed under News, Social cannabis

If cannabis were fully legalized under federal law, the plant could generate $105.6 billion in tax revenue, according to numbers from New Frontier Data. Legalization nationwide could also produce 1 million new jobs by 2025. "Under the new business tax rate of 21 percent, the Trump tax cuts will come as welcome relief to cannabis business owners who already face tax hurdles bec...

New study shows federal cannabis legalization could create 1 million new jobs

New study shows federal cannabis legalization could create 1 million new jobs

Annureet Kaur

January 15, 2018


Filed under News, Social cannabis

A new analysis found that legalizing cannabis on the federal level would lead to more than $130 million in tax revenue as well as over 1 million new jobs by 2025. New Frontier Data, a research and marketing firm, published the new findings after "rigorous, issue-neutral and comprehensive analysis ...

Here are the effects of cannabis legalization after 5 years

Here are the effects of cannabis legalization after 5 years

November 6, 2017


Filed under News, Showcase, Social cannabis

Today is the five-year anniversary of Colorado and Washington residents voting to legalize cannabis for social use. While most of legalization naysayers have created narratives regarding the "danger" of cannabis use, the data collected in the last five years has refuted all those fears with factual evidence. Read...

Here’s what LA’s cannabis future looks like

Here’s what LA’s cannabis future looks like

September 15, 2017


Filed under News, Social cannabis

Thor Benson / Cannabis News Box Contributor Retail sales of cannabis will begin in California in January, and according to new research, it’s going to bring massive changes to the state’s largest city. New research from the analytics group New Frontier Data claims Los Angeles could soon become the largest single cannabis market in the...

Nationwide legalized medical cannabis could poach more than $4B from pharmaceutical companies annually

Nationwide legalized medical cannabis could poach more than $4B from pharmaceutical companies annually

May 31, 2017


Filed under News, Showcase, Social cannabis

If the United States legalize cannabis for medical conditions such as chronic pain, anxiety and seizures, cannabis could siphon more than $4 billion annually from the country's pharmaceutical industry, according to New Frontier Data. “Any opportunity for alternatives that could result in reduced...

New Frontier Data