Medical Marijuana Market size was valued over USD 7.0 billion in 2017 and is expected to witness more than 36.0% CAGR from 2018 to 2024.

Medical marijuana market to register an appreciable CAGR of 36% over 2018-2024, Germany to emerge as a vital regional contender.

Province Brands — which is developing 0% ABV beers infused with the plant’s psychoactive compound, THC — has signed a Memorandum of Understanding (MOU) for the Caribbean distribution of its products with Ayre Resorts, a new collection of five-star properties opening its first resort in Antigua in 2021.

The startup, which is currently unable to sell the THC beers in Canada while the country’s cannabis legislation comes into force, also makes Cambridge Bay Imperial Pilsner; an alcoholic hemp-based beer.

Cannabis moved one step closer to being a tradable commodity like wheat or oil on Tuesday after a U.S.-based group launched the first benchmark price to track Canadian wholesale cannabis prices.

Jonathan Rubin, chief executive officer of New Leaf Data Services LLC, the parent company of Cannabis Benchmarks which already releases similar U.S. pot prices, said demand to develop a benchmark Canadian cannabis price grew steadily after Canada became the first developed country in the world to legalize recreational use of the drug. 

"Even though the Canadian market isn’t as big as the U.S. market, we saw the Canadian market as incredibly important," Rubin said in a phone interview with BNN Bloomberg. 

A startup cannabis person to person network is revolutionizing the entire marijuana community from Washington DC To Canada and back again. Everything from selling and buying marijuana to how each individual in the community connect with each other to jobs and community portals, Leafedin (https://leafedin.org) fills all those needs.

This platform provides an easy and direct way to locate local marijuana of the best quality and instantly connects buyers to sellers and vice versa. It also serves as a middle ground between marijuana growers and employers to meet and connect with skilled labors in the marijuana industry.

Canadian cannabis spot price launched

Whether posting shots of vaporizers, brilliantly green strains or just a moody, smoky selfie, Instagram has long been inundated with plenty of quality cannabis content—well before legalization two months ago. And while the platform has always been a natural draw for casual users, influencers behind some of Canada’s big-name cannabis lines have found it to be a natural outlet for brand-building and fostering discussion about everything from quality vaporizers to legal amnesty with potential clients and like-minded followers.

Below, a few of the country’s most notable cannabis influencers share why they chose Instagram to cultivate their following.

The global cannabis market could be as big as $150 billion by 2025.

October saw Canada embrace full legalization.

And cannabis just got another big boost: in December, the U.S. Senate approved a Farm Bill full of pro-hemp provisions.

Whole Foods Market expects hemp products to be among the Top Ten items in 2019.

Canada's trailblazing move to legalize cannabis for recreational use, which sparked an entirely new industry and had wide-ranging implications for nearly every facet of society, has been voted The Canadian Press Business News Story of the Year.

The term "disruption" in business has become so overused that it has become an empty cliche, but it is warranted in the case of pot legalization, said Andrew Meeson, deputy business editor at the Toronto Star.

"It's hard to think of an area in Canada that hasn't been shaken up: not just commerce (from criminal act to booming startup to takeover target in the blink of an eye), but also policing, health care, justice, politics. Even culture (just ask Tommy Chong)," he said.

The Hemp Farming Act of 2018 was a proposal to amend the status of hemp (less than 0.3% THC) under federal law, by removing its status as a Schedule I controlled substance, and instead classifying it as an agricultural commodity. The bill has passed the U.S. Senate, as well as the House, and is now awaiting a signature from the President before it becomes law. Following the passage of the bill into law, according to Brightfield Group, the industry could grow from its current size of US$800 million to over US$20 billion by 2022.

Interest in the medical and recreational use of marijuana has led to increased interest in how to best administer the two most abundant cannabinoids in the plant: THC and CBD.  These two molecules typically represent about 70 percent of all of the known cannabinoids in the unadulterated plant. The manner in which THC and CBD are administered plays a critical role in determining the rate and amount of each molecule that is absorbed by the brain.