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US Retail Cannabis Sales On Pace To Rise 40 Percent, Eclipsing $15 Billion In 2020

Total U.S. sales could rise as high as $37 billion by 2023, Marijuana Business Daily data finds. Meanwhile, the coronavirus pandemic has thrown a huge curveball at projections.

Retail sales of medical and recreational cannabis in the United States are on pace to eclipse $15 billion by the end of 2020, an increase of approximately 40% over 2019 sales figures, according to exclusive projections from the 2020 edition of the Marijuana Business Factbook.

In Cannabis Industry, Profitability and Data Security Go Hand-in-Hand

The issues surrounding legalized cannabis and data security create a multi-front battle that can be incredibly challenging from a legal and technological perspective.

No longer operating in the margins, the highly profitable, and highly regulated, legalized cannabis industry has ably, as well as nimbly, pushed its sales through to mainstream business. Total legal sales of cannabis in the U.S.

L.A. revamps rules for cannabis licensing, hoping to redress harm from war on drugs

Los Angeles is revamping its rules for handing out licenses to cannabis businesses, amid anger and disappointment over the tumultuous rollout of a program meant to address the damage done by criminalizing marijuana.

The rules passed unanimously Wednesday by the Los Angeles City Council tighten the criteria for new applicants seeking to qualify for the “social equity” program, which is supposed to ensure that people from communities hit hardest by the war on drugs benefit from marijuana legalization.

White paper aims to accelerate cannabis integration into UK healthcare

A new white paper has been published by leaders in the cannabis field, showcasing how to maximise clinical research and improve patient access to medical cannabis in the UK.

Following the approval of medical cannabis in the UK in November 2018, only two patients have gained access to full extract cannabis medicine through an NHS prescription.

Will Joe Biden Change His Position On Legalizing Cannabis?

As nationwide protests focus the country's attention on racial issues, marijuana legalization–and how it ties to social justice–is moving to centerstage.

Marijuana legalization is intrinsically tied to social justice.

However, Democratic presidential nominee Joe Biden has maintained his opposition to making cannabis legal. Some hope that could change as more people become aware of the impact that the War on Drugs has had on people of color.

Are Good Times Coming for Aurora Cannabis?

After an unanticipated third quarter, this pot company is making some hard decisions. Will the efforts pay off?

Once a favorite marijuana stock, Edmonton, Alberta-based Aurora Cannabis (NYSE:ACB) saw its worst days in 2019, with declining revenues, negative profitability, and a sinking leadership team eventually pushing its stock to the verge of being delisted.

Defining Genetic Drift in Cannabis Cultivation

 

Growing a consistent, high-quality crop relies on understanding the science behind the plant.

Over time, the cannabis plant has revolutionized the world of medicine and the lifestyle of humankind. Its phytochemicals –Cannabinoids, terpenes, flavonoids, and the likes – have proven beneficial in improving mental health and physical well-being, promoting interest in the cannabis plant and encouraging large-scale and small-scale cultivation.