WEDNESDAY MARKET REPORT | EU votes to support medical cannabis
It’s no secret that progressive cannabis laws can create jobs and generate revenue for locales that have legalized, regulated, and taxed marijuana. However, less known is the impact that cannabis-related activities can have on the tourism dollars brought in from both travelers that are intentionally seeking out legal cannabis and from visitors that decide to partake in the local scene, a “when in Rome” mentality, if you will. According to a recent study, cannabis-related tourism is leading to big dollars, and is likely on the rise in locales with sensible laws, as Travel Daily Media reported yesterday:
Countries like Spain and Canada allow for personal consumption and sales of cannabis in licensed facilities, while US states are also expected to witness strong cannabis sales and tourism growth. Colorado, which saw 82.4 million travellers in 2016, is among the very few regions to legalise cannabis entirely.
A survey conducted by Colorado Tourism reported that the 12 million or approximately 15% of those travellers participated in marijuana-related activities. Among that group, it was reported that 5% travelled to the state specifically for marijuana reasons. The staggering number of visitors who travelled to Colorado and purchased cannabis-related products suggests that the cannabis industry is pushing tourism growth.
According to data compiled by Grand View Research, the global marijuana market was valued at USD 9.3 Billion in 2016 and is expected to reach USD 146.4 Billion by the end of 2025. Additionally, the market is projected to register a robust CAGR (Compound Annual Growth Rate) of 34.6% throughout the forecast period from 2018 to 2025.
HEADY VERMONT STAFF JANUARY 27, 2019
Dr. Ethan Russo
Another great interview from our friends at Project CBD. Click previous link to watch the video.
DR. ETHAN RUSSO: CBD, THE ENTOURAGE EFFECT AND THE MICROBIOME
In this edition of Cannabis Conversations, Project CBD Director, Martin A. Lee, discusses the benefits of CBD, the “entourage effect” and the microbiome with Dr. Ethan Russo. A neurologist, scientist, and widely published author, Dr. Russo is currently the director of research and development at the International Cannabis and Cannabinoids Institute in Prague (http://www.icci.science). BY DR. ETHAN RUSSO ON JANUARY 07, 2019
In this edition of Cannabis Conversations, Project CBD Director, Martin A. Lee, discusses the benefits of CBD, the “entourage effect” and the microbiome with Dr. Ethan Russo.
Project CBD: I’m Martin Lee with Project CBD, and this is another edition of Cannabis Conversations. Today, we’re very pleased to have Dr. Ethan Russo come back in the studio with us. Dr. Ethan Russo is a neurologist, a scientist, widely published author in many peer-reviewed journals and currently a director of research and development for the International Cannabis and Cannabinoids Institute, which is located in Prague, in the Czech Republic. Thanks for joining us, Ethan…..
On Wednesday (February 13), the European Union Parliament passed a resolution that will help to advance research into medical cannabis within the EU. This Resolution comes hot on the heels of a recommendation by the WorldHealth Organization (WHO) to reschedule cannabis internationally.
While the resolution passed in the EU Parliament isn’t binding, it provides encouragement to EU member states to increase their citizens’ access to medical marijuana. The resolution also calls on member countries to prioritize researchand clinical studies on marijuana.
This Resolution passed by the EU Parliament provides yet another voice in support ofmedical marijuana. The World Health Organization also recommended that cannabisbe rescheduled in recognition of its therapeutic potential while also being aware that the drug can be addictive. A final vote is expected in March to cement the position of the UN on the recommendations made by the WHO expert committee that studied the matter at great length.
As the cannabis sector consistently shows impressive growth, acquisitions within the market allow cannabis companies to develop greater vertical integration.
Cannabis companies are looking to acquire other organizations to strengthen specialist knowledge and skills.
Similar moves have led to impressive success in industries such as coffee production.
The strength of the cannabis market is also attracting other additional investment.
Cannabis Companies Turn to Vertical Integration
The global cannabis industry continues to grow — especially in the United States and Canada — creating promising opportunities for companies eager to find ways to improve their productivity and leverage their strengths. A wide range of companies covering the production, processing, marketing, and sales of cannabis and cannabidiol (CBD) products are vying for a position in the space. Consequently, smart organizations are looking for ways stand out from the rest.
Mentalhealth issues in teenagers could be minimised by age controls and regulation over the strength of the product.
Photograph: Bea Kallos/EPA
We need to take seriously the truth: cannabis use is already incredibly widespread but is dominated by the most potent products, sold in the riskiest environments. This is why Transform supports moves to legally regulate cannabis production and supply. We want to see the trade taken out of the hands of organised crime and regulated by the appropriate authorities.
The Public Cannabis Company Revenue Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis stocks that generate industry sales ofmore than US$2.5 million per quarter. This data-driven, fact-based tracker will continually update based on new financial filings so that readers can stay upto date. Companies must file with the SEC or SEDAR to be considered for inclusion.
With medical marijuana now legal in about two-thirds of U.S.states, there’s growing concern about how dispensaries may impact surrounding neighbourhoods and communities.
Parents in a new national poll overwhelmingly agree on one place dispensaries should not be allowed: anywhere near children.
Seven in 10 parents think they should have a say in whether dispensaries are located near their child’s schoolor daycare and most say they should be banned within a certain distance of those facilities, according to the C.S. Mott Children’s Hospital National Pollon Children’s Health at the University of Michigan.
The race is on for entrepreneurs eager to build the first generation of national and global cannabis brands. But as these companies sprint to capture market share and reach out to new audiences, the LGBTQ community has been largely left out of the equation.
This means brands may be missing out on a lucrative market. A 2016 estimate from LGBT Capital puts global purchasing power of the queer community at $5.4 trillion, with over $1 trillion of it estimated to bebased in the United States and Canada alone.
Namaste Technologies Inc. today is pleased to announce that it has reached a mutually agreed upon settlement with Sean Dollinger resulting in Mr. Dollinger entering into anadvisory relationship with Namaste providing transition support to the Companyto ensure the best interests of the business and stakeholders are met (the“Agreement”). Pursuant to the Agreement, Mr. Dollinger has withdrawn his previously announced legal application against the Company and has agreed tostep down from all formal roles with the Company, including as a director, which will also enable him to spend more time with his young family and pursue other opportunities. Meni Morim remains Interim Chief Executive Officer (“CEO”)of Namaste.
More info click here: …https://resourceinnovationinstitute.wildapricot.org/event-3266210