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The U.S. is expected to lead the world in cannabis sales, and these are the states you'll want to monitor the closest.

Despite its recent hiccups, marijuana is expected to be one of the fastest-growing industries on the planet over the next decade. Although estimates rightly vary on Wall Street, which is to be expected of an industry with no modern-day legal precedent, the expectation is that global pot sales could hit $50 billion, at minimum, by 2030. For context, the green rush brought in $10.9 billion worldwide in 2018.

Investors are buying up warehouses and retail space in cannabis-friendly states. 

A new scanner can quickly determine whether plants are hemp or marijuana without damaging the product, say researchers.

Hemp is technically legal in Texas, but proving that hemp is not marijuana can be a hurdle, requiring testing in a licensed laboratory. So, when law enforcement recently detained a truck carrying thousands of pounds of hemp near Amarillo, Texas, the driver spent weeks in jail awaiting confirmation that the cargo was legal. Events like these inspired the researchers to create the device.

Because advertising is strictly limited, cannabis giants do not enjoy the advantage of an out-sized marketing budget the way national beer brands do.

Only the craftiest producers will survive Canada’s sluggish market for recreational cannabis.

Licensed producer Tilray, with a production facility in Nanaimo, has confirmed it is cutting staff by 10 per cent, about 140 positions. Aurora Cannabis, with operations in Pemberton and Whistler, ousted its CEO along with 500 staff last week.

Donald Trump has long claimed to support cannabis legalization.

Aurora Cannabis (NYSE:ACB) is scheduled to report its results for the second quarter of fiscal 2020 on Thursday before the market opens. In the last two weeks, the company delivered disappointing news. Last week, Aurora Cannabis discussed unaudited preliminary results for its second-quarter earnings. The results weren’t positive news. Let’s see what analysts said about its fourth-quarter earnings.

While the stock market is still focused on the large Canadian cannabis LPs listed on major U.S. stock exchanges, several U.S. multi-state operators (MSOs) are set to shock the market with industry leading positions. These companies are set to combat the Canadians for the largest operations without the help of major investments or even Federal approval of cannabis.

With a new decade upon us, the cannabis industry has found itself in somewhat of an awkward spot. This isn’t necessarily a bad thing; it just goes to show that progress is never one solid line toward growth.

As a business advisor, I’m often asked about the fast-growing cannabis industry, so I always keep my finger on the pulse. While some elements of the industry are taking off, others are still lagging behind or even regressing.

In this guide, I'll cover a few of the cannabis trends that I'm paying attention to in the coming year.

Premier Doug Ford’s government said it is considering allowing cannabis lounges and cafes as it moves toward an open market for pot in the province, and is asking the public to weigh in on the proposal.

The government said Monday it will consult on the possibility of so-called “consumption venues” as well as special occasion permits that would apply to outdoor festivals and concerts.

In a posting on its regulatory registry, which closes March 10, the government said it wants to hear from the public before committing to any direction, and gave no timeline to make changes.

Virginia is moving toward decriminalizing simple possession of marijuana.

The state House on Monday passed HB 972, a decriminalization bill, with bipartisan support. Delegates voted 64-34 for the measure, with a number of Republicans joining Democrats in favor.

The state Senate is expected to pass its own version shortly.

Gov. Ralph Northam has signaled his support for the measure.