The legal cannabis (marijuana) industry is booming. According to Forbes.com, it was worth an estimated $7.2 billion in 2016. With double digit annual growth, adult recreational sales alone are expected to jump from $2.6 billion in 2016 to $11.2 billion by 2020.
In addition to recreational sale, medical marijuana sales are expected to more than double to $13.3 billion by 2020. That’s a combined annual market of over $24 billion, anticipated in just the next 3 years.
Does AG Sessions worry you?
Jobs, state’s rights, and taxes. That’s right. Jobs, state’s rights and tax revenue are the cannabis industry’s secret weapons against marijuana detractors in the Trump administration and elsewhere.
According to a survey conducted by Marijuana Business Daily, the marijuana industry already employs over 100,000 peoplein the U.S. alone.
Along with billions in sales, comes millions in tax revenue.Motley Fool estimated that in 2016, Colorado’s marijuana tax haul likely exceeded $200 million. That’s a lot of green. And it’s only going to continue to grow each year.
SMITH FALLS, Ontario – Another milestone for the cannabis industry was reached today…
Canopy Growth [TSX:WEED], Canada’s largest and arguably most successful marijuana company – has been added to the S&P/TSX Composite Index. The index represents nearly 70% of the total market capitalization on the Toronto Stock Exchange and is considered a key benchmark for the Canadian equity market.
With the addition of Canopy Growth to the index, more and more investors will now be ‘buying and holding‘ weed.
Canopy Growth has a marketcapitalization of $780.6 million and a year-to-date stock price change of +192%.Canopy Growth is definitely a cannabis company to watch in 2017.
Update – March 27th, 2017
According to the CBC, PM Tradeau will announce legislation on April 10th – to legalize marijuana for recreational use in Canada by July 1, 2018!
Shares of Canopy Growth Corp.jumped 11% in trading on the news.
VICE News gets an exclusive look inside Canopy Growth Corp., the Canadianmarijuanaproducer that calls itself the world’s largest legal weed company.
After the Vice video about the Canopy Growth Corp was published, it was subsequently restricted to the UK audience alone.
Link to UK restricted video. Once the video is republished without this restriction I will update this post with the new version.
Until then, I have substituted the video with another from Vice News – intended for the U.S. audience:
So far the company has only been allowed to sell to medical patients, but that will all change when prime minister Justin Trudeau makes good on his promise to legalize marijuana for recreational purposes. And that’s especially good news for Canopy, which has been gearing up to dominate the future recreational market for years, even though the government hasn’t yet even unveiled its legalization plan. This year, its subsidiary Tweed announced a partnership with Snoop Dogg, and it became the first weed company to list on a major stock exchange.
But there’s questions around the corporation’s deep ties to the ruling Liberal party, and how much influence it has over government policy and who will get left out of Canada’s future weed regime.
Some of these names might not be surprising. But each one should enlighten and encourage you to expand your mind about the possibilities within the booming cannabis industry.
You and your family, especially if you’re African American, now have a shot at the estimated $44 billion dollars coming to the cannabis space by 2020.
Let’s ignore the naysayers that continue to perpetuate the story that people of color are being left out of the cannabis industry. Sure people of color may not be bustling at the seams as cannabis farmers or dispensary owners. But don’t be misled, people of color, African-Americans in particular, are in the cannabis scene; just take a whiff.
If you’ve been curious about the green rush or wondering if the cannabis industry is a business space worth considering, check out our list of 11 African American pioneers who are a part of the cannabis conversation.
1. Snoop Dogg, Merry Jane: Last year Snoop Dogg and media entrepreneur Ted Chung launched Merry Jane, a resource for cannabis enthusiasts covering everything from cannabis news, food and style. Snoop also has a range of cannabis strains called Leafs by Snoop, as well as a line of cannabis goodies including chocolates and candies.
2. Chef Miguel Trinidad (Dominican), 99th Floor: Imagine a five course cannabis-infused meal, put together by one of the hottest chefs in New York. Welcome to the 99th floor where Chef Miquel (chef and founding partner of Maharlika and Jeepney) uses canna-oils and butters to create the ultimate fine dining experience. The dinners, which are underground and invite (obviously), are just a small offering of the 99th floor business. In fact, 99th Floor also has a line of edible candies available at select California dispensaries.
Click here to continue reading the published article.
CBD News Pick – Huffington Post – Part II
It’s amazing how rapidly the cannabis industry is moving, despite opposition from the federal government. So much so, over 20 states and the District of Columbia have legalized marijuana in some way, shape or form.
These developments continue to inspire entrepreneurs to enter the market. Recently Vox reported that Americans are buying more cannabis than Oreos, Pringles and Girl Scout Cookies combined! With that kind of information its easy to imagine the range of professions one could enter or create!
From marketing, media, and technology, check out part 2 of my list of ganjapreneurs of color.
5. Amber Senter: COO of Magnolia Wellness, an Oakland dispensary and co-founder of Supernova Women. Senter has worked in the cannabis industry for over 7 years in areas like branding and marketing. She was led to the cannabis industry after being diagnosed with Lupus and she discussed her journey in 2015 at the Black Enterprise TechConneXt conference in Silicon Valley.
Click here to continue reading the published article.
For original content on the cannabis industry, plus news articles and insider views | handpicked by the CBD Business Blog Editor | to keep you informed on cannabis and cannabidiol (CBD) industry news:
Welcome to the CBD Business Blog guide to cannabidiol (CBD) rich cannabis and hemp products available within Colorado. Learn about high-CBD cannabis flower, CBD Oil, tinctures and concentrates, shatters and even transdermal patches and pens.
They are available today, and many – only in the great state of Colorado!
Read on and learn which CBD product is right for you. But first, a quick recap of what high-CBD cannabis really is.
– A CBD Business Blog 101 –
What: is High-CBD Cannabis?
Cannabis (marijuana) is a remarkably complex and pharmacologically active plant. It consists of over 80 terpenophenolic compounds referred to as phytocannabinoids (cannabinoids). Two of the most prominent cannabinoids are THC (tetrahydrocannabinol) and CBD (cannabidiol).
The rich interplay of cannabinoids, terpenes and flavonoids present in each and every strain of cannabis is unique and complex. Each strain expresses a distinct pharmacological profile and each will effect you in a markedly different way.
CBD is the most abundant, non-psychoactive constituent of cannabis and can make up as much as 40% of the plants cannabinoid extract. CBD has natural anti-inflammatory, neuroprotective and anti-oxidant properties, and yet it generates little to no side-effects.
Numerous preclinical studies demonstrate that CBD acts like a counter-weight to the potential anxiolytic (anxiety) producing effects of high doses of THC, the other chief cannabinoid found in cannabis.
In addition to modulating the effects of THC, CBD has been found to reduce anxiety – possibly, even more effectively than Valium (Journal of Psychopharmacology Zuardi, Jan 1993).
High-CBD cannabis can help your mind to unwind and you tofocus; it can heighten your creativity, while quieting the mental chatter and relaxing your entire body.
Artists like Bob Marley, Snoop Dogg, Willie Nelson, Woody Harrelson, Rihanna, Miley Cyrus, Melissa Etheridge, Morgan Freeman, Danny Devito, Danny Glover, Susan Sarandon, Whoopi Goldberg (I could go on forever) – are all out-spoken advocates for the legalization and use of cannabis. Why? It’s a natural relaxant and stress reliever. What better way to stimulate one’s creativity than to quiet the mental chatter with a smooth yet energizing sativa?
” When you smoke the HERB, it reveals you to yourself ”
– Bob Marley
Who: High-CBD is for You
The CBD Business Blog is here to provide a roadmap to enjoying high quality, high-CBD cannabis. From cannabis strains with little to no THC and stunning 40:1 CBD|THC ratios, to those with evenly balanced phytocannabinoid profiles.
Want more choices? CBD comes in a variety of concentrated forms, including the most common – CBD Oil, made from hemp or cannabis. But did you know that High-CBD shatter is now available in select locations?
Real choices are starting to emerge for the discriminating (educated) consumer. Read on and find the right high-CBD product for you.
Categorized as hemp by the federal government due to it’s ultra low THC content, Charlottes’ Web is a sativa strain with a strong pine-like smell. It is bred by the Stanley brothers in Colorado. and named (in part) after Charlotte Figi, a child with a severe form of epilepsy known as Dravet Syndrome. Exhibiting the highest CBD to THC ratio of any strain that I’ve seen, Charlottes’s Web is the strain to beat if avoiding the psychoactive properties of THC (“feeling stoned”) is key to you. With less than 0.3% THC, it is considered non-psychoactive.
Charlottes Web is consumed by many as a CBD Oil; available in varying strengths on their web site.
Availability: Curiously enough, its only (widely) available as a concentrate or clone within Colorado. It is available as flower in other states where cannabis is legal medically or recreationally, such as Washington and Oregon.