The UN says this is the World's most popular recreational drug

Cannabis continues to be the people's substance of choice across the globe, writes Calvin Hughes.

Recreational drug use in general has been on the rise in recent years according to the United Nations' most recent World Drug Report. The number of people aged 15 to 64 who consumed recreational substances around the world in 2017 hit 271 million - up 30 percent from the numbers the UN reported in 2009.


UN World Drug Report 2019 now published with information on cannabis black & regulated markets

The United Nations World Drug Report has been released and it’s a big report with plenty of cannabis information, especially pages 9 thru

Global Cannabis Strategy Series: What are the key elements of a globalization strategy?

Canada’s first-mover status has helped the country emerge as the global leader in cannabis. Although, generally, Canadian companies have had success venturing south of the border, when push comes to shove, Uncle Sam’s message to Canadian cannabis companies has been less than welcoming, including imposing a travel ban on Canadians who are investing in the U.S. cannabis market. Elsewhere, Canada’s aspirations of global dominance can be advanced by winning the biggest global prize since the so-called California Green Rush: the European market.


Rubbing cannabis on your face is the next big thing in Asia

Time to add yet another step to your K-beauty regimen: Weed!

Hemp-derived ingredients such as hempseed oil and cannabidiol (or CBD, a non-intoxicating cannabinoid) have been popping up at beauty counters all over the U.S. and Canada  — although CBD topicals won’t be on shelves until the end of this year in Canada, as all cannabinoids are regulated).


Global cannabis market will nearly triple to US$40.6B by 2024: Study

The value of the global cannabis market is set to soar to new heights, as more countries and American states legalize the drug, according to a new industry report.

Global legal spending on cannabis is forecast to be US$40.6 billion in 2024, nearly triple the US$14.9 billion estimated to be spent this year, according to Arcview Market Research and cannabis industry analysis firm BDS Analytics, which released its annual "State of the Legal Cannabis Markets" report on Thursday. 

"That's a conservative number as well if regulators wouldn't move as slowly as they are right now," said Tom Adams, managing director of industry intelligence at BDS Analytics, who co-authored the report in a phone interview with BNN Bloomberg. 


Will Australia become Asia's 'clean green' medicinal cannabis supplier?

From powdered milk to multivitamins to fresh fruit, Australian and New Zealand products command a health premium in Asian markets but can the medical cannabis industry leverage this 'clean green' image and follow suit? 

Cann Group (ASX: CAN) CEO Peter Crock believes they will, and this was a driver for the company securing a 20 per cent stake in Auckland-based Pure Cann in April.

"New Zealand are on the verge of getting a medical cannabis legislation through that's expected to be in September this year," Crock tells Business News Australia.

"They're going to have legislation put in place that will allow for an industry to be established in New Zealand - we see that as an opportunity as we'd always expected to service the Asian region."


True Leaf announces first distribution agreement in Asia with Eagle Vet

True Leaf Brands Inc. (“True Leaf” or the “Company”) (CSE: MJ) (OTCQX: TRLFF) (FSE: TLA), a leading global cannabis and hemp wellness brand for pets, announced that on May 23, 2019, it signed a non-binding Memorandum of Understanding (“MOU”) with international pet care distributor Eagle Vet, launching True Leaf’s expansion into the Asian market.


Tokyo Olympics next year: Faster, stronger, but not higher

The famous Olympic motto is Faster, Higher, Stronger. Next year in Tokyo, it could be shortened to only "Faster and Stronger." Higher is out.

That was part of a warning on Tuesday from Toshiro Muto, the chief executive of the Tokyo Olympics.

Cannabis has been legalized in some parts of the world, but Muto reminded potential visitors to the games that the substance is against the law in Japan.

Muto said at a news conference that at least one member of the executive board brought up the issue at a meeting.


Why Asia is the next frontier for big cannabis

Asia might not seem like a potential hotspot for cannabis businesses, but it’s getting there.


You’ll never guess which country smokes the most weed

If you had to guess which country consumed the most cannabis in the world, you’d surely start with places where the plant is at least legalized. Uruguay, for instance, legalized cannabis in 2013. Another choice might be Canada, which passed adult-use marijuana legislation in 2018. Heck, you could even pick countries where the drug is partially legalized, like the United States or Netherlands.


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