Industry News

Industry News

2019 Global Cannabis Use & Projections

The most widely used drug globally continues to be cannabis. Estimated 188 million people having used the drug in 2017.North America – 23 countries, population of 579 million. Estimated $13 Billion [2018] & $36 Billion [2025] *editors note: US accounted for ~ 96% of total market share Africa – Home to five of the world’s…

Industry News

Fast Facts 12/21/2019

Zero is the amount of CBD in products on Amazon.com (Link: sellercentral.amazon.com) 1 out of 9 people in the US use cannabis daily. (New Frontier Data, a Washington, D.C.-based cannabis researcher, has just released a new industry report that takes a detailed look at forecasts and trends)4 cannabis-derived medications [1. Cesamet ® (nabilone) 2. Marinol…

Industry News

Dec 2019 Finance: US Cannabis Market

1. Overall…. sales within the legal U.S. cannabis industry are expected to reach $13.6 billion throughout 2019 (32% increase over 2018 totals – $10.3 billion) 2. 33 medical & 11 legal adult-use state… are projected to grow at a compound annual growth rate (CAGR) of 14%, to reach $30 billion by 2025 3. U.S. sales…

Industry News

Corona Virus – Opinion

Check out – COVID-19: List of PA Dispensary Preparedness (click me) (this linked was added march 25th) Surgeon general – Jerome Adams – says “Stop buying medical masks” Disease Prevention: Surgeon general wrote the “best way to protect yourself and your community is with everyday preventive actions, like staying home when you are sick and…

Industry News

PA Research – March 2020

Research Update: 7 out of the 8 PA medical schools have been approved to conduct research on marijuana. Drexel, Temple, Penn State, Thomas Jefferson, UPenn, LECOM, PCOM, UPitt* What research will be conducted? Penn State (partner: PA Options for Wellness): Penn State’s research includes developing a database to compare responses among patients’ medical conditions approved…