Month: March 2021

Australian cannabis sales to surpass $150 million in 2021

Australia’s medical marijuana sales could surpass 200 million Australian dollars ($152 million) this year, a twofold increase over 2020, fueled by growing patient numbers and better product selection, according to a new forecast by data firm FreshLeaf Analytics. The North Sydney-based company said Australia is still “heavily dependent” on Canada and Europe for imports of […]

There are indications of a thaw in glacial federal prohibition of marijuana

With New York’s governor signing adult-use marijuana into law this week, that state joins the growing ranks of U.S. markets legalizing first-degree marijuana usage. There are indications of a thaw in glacial federal prohibition of marijuana is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs Source link

New York lawmakers legalize recreational marijuana; $2.5 billion market expected

After three years of fits and starts, New York lawmakers on Tuesday legalized a recreational marijuana market that is expected to become one of the largest in the country with projected revenues of nearly $2.5 billion by the program’s fourth year. New York becomes the 17th state to legalize an adult-use program. Sales could start […]

British Columbia urges ‘rethink’ of Canada’s medical cannabis program, citing diversion to illicit market

British Columbia is pressing Canada’s federal government to revamp the country’s home medical cannabis cultivation program, calling some instances of authorized home production a significant source for the illegal market. “We know the program allows patients to produce their medicine at a lower cost than they can buy it, but we also know there is […]

With more women buying cannabis, product demand could change

More women are buying cannabis, which could lead to shift in product demand. Women still make up a minority of adult-use marijuana purchasers – 33.6% in February – but that’s increased almost a full percentage point from 2020. While that trend might not be a dramatic shift in the gender makeup of retail marijuana sales, […]

48North Cannabis ends outdoor production amid Canada’s supply glut

Ontario-based 48North Cannabis has pulled the plug on outdoor cannabis production at its farm in Brant County, Ontario, signaling changing thinking on the value of low-cost outdoor production in an industry facing a major supply glut. The outdoor cultivation site was previously pitched as a “game changer” by 48North ahead of its first season in […]

5 new weed products you should try from Monogram, Papa & Barkley, and more

With so many great cannabis brands releasing exciting new products in new markets, it can be hard to keep track of every release. So we’re rounding up a few significant releases. This week, we look at releases by Monogram, Papa & Barkley, Fun Uncle, Raw Garden, and Select.  Monogram: No. 01 Heavy OG Handroll In […]