Thailand made headlines all over the world last December when it became the first country in Southeast Asia to legalize cannabis for medical use and research purposes, sparking a race to cash in on what could someday become the country's main cash crop.
Full legalization was a core policy of the Bhumjaithai party's campaign in the March 24 election, which helped it win the fifth most seats in Thailand's new parliament.
Ontario will allow private cannabis retailers to sell their products online or by phone for in-store pickup, in a significant move that chips away at the Ontario Cannabis Store’s monopoly on online cannabis sales.
The province’s fall economic statement is proposing amendments to the current legislation around cannabis retail in order to “ensure consumers’ preferred cannabis products are available” and “wait times reduced” at the 25 retail stores that currently operate across the province.
Cannabis pioneer and former Canopy Growth co-CEO Bruce Linton announced Thursday he’s landed a new job atop a growing U.S. marijuana company.
Linton tells Yahoo Finance he’s taking on the role of Executive Chairman at Minneapolis-based Vireo Health (VREOF), a U.S. multi-state operator with licenses to operate in 10 states and Puerto Rico.
After a judge ruled the state's ban on the sale of vaping products is "likely invalid" for medical marijuana patients, it's up to the Cannabis Control Commission to decide if the products will remain off the market.
Drake is getting into the cannabis business.
Together with cannabis producer Canopy Growth Corp, the musician and entertainer is launching the More Life Growth Company, a licensed cannabis producer based in Drake’s hometown Toronto.
“The opportunity to partner with a world-class company like Canopy Growth on a global scale is really exciting,” said Drake in a statement.”The idea of being able to build something special in an industry that is ever growing has been inspiring. More Life and More Blessing.”
Kym Byrnes is the co-founder and Chief Marketing Officer at TribeTokes, a brand that “creates and distributes merchandise with an elevated aesthetic for the next generation cannabis consumer - who respects plant science, consumes mindfully and expects top quality products from trusted brands.”
California has the largest legal marijuana market in the world, with licensed cannabis sales in the state expected to reach $3.1 billion in 2019, which is up from the $2.5 billion sold in 2018.
Keep in mind that 2018 was the first year of legal sales, so the legal marijuana market in California is still in its infancy. By 2024, it is expected to surpass $7 billion.
When Uruguay became the first nation in the modern era to legalize weed in 2013, most of its citizens were against it. Yet, despite deep public skepticism, none of the challenges or perceived failures of the law have been enough to generate momentum to try and reverse it. Instead, during the first round of national elections last month, cannabis legalization had all but been forgotten as an issue. It had retreated into the political background.
