This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Contrary to some narratives of decline, recent data reveals a more nuanced pictureone of evolution, resilience, and an urgent need for continued support. Verified Dispensary Licensing Data: As of February 2025, the Cannabis Control Commission (CCC) reports 87 expired or surrendered Medical Treatment Center (MTC) licenses.
The newly emerging legal cannabis industry has cultivated more than just cannabis and jobs. Moving forward to 2025, the economic impact is projected to achieve a value of around $160 billion. Moving forward to 2025, the economic impact is projected to achieve a value of around $160 billion. It also produces a lot of capital.
According to a survey conducted by YouGov , almost 7 out of 10 cannabis consumers plan on spending the same amount, if not more, going forward in 2025. Prices of recreational weed are often a result of how long the state market has been around and how many cultivators it has operating.
According to a New Frontier Data Report, the overall legal cannabis industry in America is valued at roughly $13.2 billion and projected to be worth $41 billion by 2025. Marcus Ruark, President of goodblends in Texas.
California Cannabis Cultivation Tax Eliminated. The budget trailer bill eliminated the cannabis cultivation tax beginning July 1, 2022. The harvested cannabis was first sold or transferred by a cultivator to a distributor on or after July 1, 2022. Delivery Data Required to be Reported in Metrc.
The first amendment adds that a “craft grower may contain up to 14,000 square feet (instead of 5,000) of canopy space on its premises for plants in the flowering state, which must be cultivated in all stages of growth in an enclosed and secure area.” Illinois has 17 such regions.
With a forecasted total market size of approximately USD $9 billion by 2025 1 , Brazil is expected to be one of the biggest cannabis markets globally and the largest in Latin America, particularly for medicinal cannabis products. RHO Phyto is the first medical formulary of advanced “Cannabis 2.0” and Santa Marta Golden Hemp S.A.S.,
A report from New Frontier Data estimates that Australia’s revenue opportunity is three-quarters of Canada’s $6.6 Ever since Little Green Pharma became the first Australian company to locally cultivate , more choices have come flooding in* for consumers. billion USD with two-thirds of Canada’s population.
NASDAQ: FLGC) (“Flora” or the “Company”), an all-outdoor cultivator and manufacturer of global cannabis products and brands, today announced it has closed the previously announced € 2M (two-million Euros) investment in Hoshi International Inc. billion by 2025. “We MIAMI & TORONTO–(BUSINESS WIRE)–Flora Growth Corp.
ZIMBABWE has begun harvesting its first crop of legally cultivated industrial hemp after it decriminalised cannabis in 2018 to tap into the multi-billion-dollar industry. We are now doing data collection and trials on the European varieties that we planted. We recently got a nod from Government to test indigenous seeds.”.
The state’s medical marijuana program did not have dispensaries, meaning there were no cannabis businesses that could transition to adult-use cultivators and retailers. Data for tax revenue from wholesale taxes has not yet been made available. The legislature and governor had legalized personal possession and cultivation only in 2018.
Medical cannabis business Equinox International is planning to list on the London Stock Exchange to raise cash for a ‘state-of-the-art’ cultivation, extraction and production facility on a Home Office-approved 20-acre UK site. UK medical cannabis market to have addressable market of £7.5bn by 2028 . ’ Source: [link].
Upon the legalization of CBD products in Israel, the Israeli CBD market is expected to reach up to US$475 million by 2025 a. In Europe, IMC operates through Adjupharm GmbH, a German-based subsidiary and EU-GMP-certified medical cannabis distributor. In Canada, IMC operates through Trichome JWC Acquisition Corp. d/b/a JWC.
billion for cannabis retailers, cultivators, processors, and distributors. market is expected to reach $43 billion by 2025, according to New Frontier Data. SOUTH SAN FRANCISCO, Calif. , Jan. Dama Financial has entered an agreement to acquire GrowFlow, creating a comprehensive solution for cannabis companies. territories.
A lack of eco-friendly regulations placed on legal marijuana is a huge reason for unsustainable cannabis cultivation and packaging practices. Many regulated markets mandate indoor cultivation of marijuana for “security” and “safety” reasons, but the downside is that more energy is needed to support this type of production.
With 90% of Americans in support of cannabis prohibition repeal in some form ( Pew Research ) and the regulated US market alone forecasted to reach $43 billion by 2025 ( New Frontier Data as reported by Forbes), the growth opportunity for Shryne is promising. Shryne Group Inc.
But this is the first time Oregonians have been allowed to see some of the nuts and bolts of what some predict could grow into a billion-dollar industry nationally, according to Data Bridge Market Research. For example, under the draft rules, manufacturers can only cultivate one mushroom species: Psilocybe cubensis.
Concurrent with the closing of the land purchase, IIP amended its existing lease at the adjacent property to incorporate this new project, and Goodness Growth intends to operate the consolidated property as a licensed cannabis cultivation and processing facility upon completion of development. About Innovative Industrial Properties.
The team has a proven track record of success, and shares our belief in the importance of cultivation excellence, as well as the advantage of innovation and continuous improvement. Based on data as at August 31, 2021. Village Farms Management Commentary. About Village Farms International, Inc. About Rose LifeScience. licenses?
The state’s medical cannabis program did not have dispensaries, meaning there were no cannabis businesses that could transition to adult-use cultivators and retailers. The legislature and governor had legalized personal possession and cultivation only in 2018. Phil Scott (R) allowed S. 54 to go into law without his signature.
From cultivating relationships with farmers who grow our grain, to reusing our barrels and sending zero waste to landfill, sustainability has long been part of how Brown-Forman approaches its business. Our Sustainability Roadmap. Global Sustainability Goals Established. Identify sources of white oak logs. .
Total retail sales in Missouri are expected to grow to USD$650 million by 2025 per New Frontier Data. The state of Missouri surpassed 100,000 patients in May 2021 (seven months after the first sale) and robust patient adoption trends have continued since. market in Missouri.
billion by 2025, recording a CAGR of 34%. billion by 2025, recording a CAGR of 34%. billion by 2025, according to a new report by Grand View Research, Inc., is preparing 80+ acres, of the 500 acres, for hemp cultivation. Hemp is completely different from marijuana in its function, cultivation and application.
Its a regular session in 2025, meaning were in for a longer stretch — a 160-day calendar, versus the 35-day affair we see in even-numbered years. If you read any of the news articles previewing the 2025 session, you wont see cannabis as a legislative priority. Most likely, you wont see it mentioned at all.
For years that begin after 2025, the deduction will be reduced to 37.5% cannabis companies and other entities, according to data from Viridian Capital Advisers.” planning; cultivating; harvesting; sorting), Category 1 indirect costs (§1.471-11(c)(2)(i), and possible Category 3 indirect costs” Id. billion in pursuit of U.S.
County of Humboldt , comes after years of complaints by cannabis cultivators that local governments impose unfair fines for technical violations at licensed farms. Humboldt County established a schedule of daily fines for illegal cannabis cultivation of up to $10,000, with a minimum of $6,000.
legal cannabis is expected to generate as much as $43 billion by 2025. illegal cultivation continues feeding large swaths of demand to the tune of $65 billion in 2020. Malta became the first European country to fully legalize it, and Germany may soon follow suit , with potential ripple effects across the European Union. In the U.S.,
Meanwhile, wholesale prices continue to plummet in many of these mature markets, causing additional pressure on cultivators and manufacturers faced with margin compression. According to a study by New Frontier Data, the cannabis industry grossed $27 billion in sales in 2021 and is expected to reach $32 billion this year.
Near him was Stacey Kerr, a physician with flowing silver hair who served as treasurer of the Society of Cannabis Clinicians, as well as Wade Laughter, a soft-spoken man in glasses who had started cultivating pot for his glaucoma in the mid-90s. CBD industry will be worth $16 billion by 2025.
2021 Mid-Year Market Update,” from New Frontier Data, projects revenue from the legal cannabis market will total $43 billion by the year 2025. CLE Panel 2: The Environmental Impact of Cannabis Cultivation: Does Legalization Make a Difference? The report “Cannabis in the U.S. million Americans, or 2.4% 11:00 AM-12:30 PM.
As more countries legalize or decriminalize the cultivation, manufacture, sale, and use of cannabis, companies across a variety of industries are looking for opportunities to capitalize on this emerging market. CBD candles and outdoor grow lights for home cultivation) are expected to embrace cannabis to various degrees.
We organize all of the trending information in your field so you don't have to. Join 14,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content