Cannabis News Box

Great Britain is the world’s biggest legal cannabis producer despite it being illegal in the country

Great Britain is the world’s biggest legal cannabis producer despite it being illegal in the country

Bethan Rose Jenkins, Cannabis News Writer/Editorial

March 14, 2018

The United Nations has recently reported on Great Britain’s involvement in the cannabis industry, exposing the country for producing more legal cannabis than anywhere else in the world. Based on statistics gathered by the International Narcotics Control Board (INCB), cannabis production hit 95 tonnes ...

The cost of opioid epidemic passes $500 billion, according to the White House

The cost of opioid epidemic passes $500 billion, according to the White House

Sara Tiradossi

November 22, 2017

The true cost of the opioid epidemic in 2015 was $504 billion, or roughly half a trillion dollars, according to a report released by the White House on Sunday. The Council of Economic Advisers said the figure is more than six times larger than the most recent estimate determined by a private study...

Global cannabis market to hit $31.4 billion by 2021

Global cannabis market to hit $31.4 billion by 2021

Sara Tiradossi

November 8, 2017

The international market for cannabis is expected to hit $31.4 billion by 2021, according to a new gulaport from the Brightfield Group, a cannabis market research firm based in Florida. As other countries legalize cannabis laws, the global market is projected to have a compound annual growth rate of 6...

Federal watchdog says IRS unfairly targeted nonprofits based on names involving “medical cannabis”

Federal watchdog says IRS unfairly targeted nonprofits based on names involving “medical cannabis”

Logan Lowrey-Rasmussen

October 6, 2017

A report from a federal watchdog group identified 146 cases in which the Internal Revenue Service (IRS) scrutinized liberal groups affiliated with terms like medical marijuana, green energy, progressive and occupy. The Treasury Inspector General for Tax Administration (TIGTA) reviewed cases betwe...

National social cannabis prices drop with Colorado market influence

National social cannabis prices drop with Colorado market influence

Logan Lowrey-Rasmussen

October 3, 2017

According to a report which tracked the pricing of cannabis across the United States, wholesale cannabis prices dropped significantly since the first half of 2016. The report from Cannabis Benchmarks’ 2017 midyear wholesale market report showed cannabis prices dropped 18.6 percent nationwide in t...

Report expects CBD market to surpass $1 billion in three years

Report expects CBD market to surpass $1 billion in three years

Logan Lowrey-Rasmussen

September 1, 2017

According to a new report, the cannabidiol (CBD) market is projected to hit $1 billion in three years. Brightfield Group estimated CBD sales had already reached $170 million in 2016 and a 55 percent compound annual rate through the next five years could cause the market to pass $1 billion.  Cannabidi...

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