North America

Tue
30
Oct

New Frontier Data launches first International Cannabis Alliance to address cannabis industry risk, opportunities and best practices worldwide

New Frontier Data, the authority in data, analytics and business intelligence in the global cannabis industry, in conjunction with CannaTech and leading companies representing the key building sectors of any legal cannabis market, announces the creation of the InterCannAlliance (ICA).

The ICA has been established to educate and inform future regional market and thought leaders interested in the cannabis industry, fostering responsible, transparent and effective market practices learned across more mature North American cannabis sectors.

Fri
26
Oct

Could Mexico follow Canada in legalizing recreational marijuana?

The country is studying the 'Uruguay model,' too.

When Canada moved to end marijuana prohibition nationwide, there was a belief the move would inspire more nations to step up and possibly implement similar reforms. The cannabis advocacy community had hoped that the United States would be the first to use the modification in drug policy as an excuse to usher in higher times across the Land of the Free.

However, Mexico is reportedly eyeballing the cannabis laws in Canada as a means for controlling the cartel violence that has, for the past several decades, turned the country into a gory scene that rivals any horror film.

Mon
08
Oct

Global cannabis value expected to keep growing as North America dominates the market

According to data compiled by Genesis Market Insights, the global marijuana market was valued at USD 17.18 Billion in 2017 and is projected to reach USD 58.90 Billion during the forecast period of 2018 to 2023.

The main driver for the market is the widespread legalization of recreational and medical cannabis. The medical segment is used to treat conditions ranging from Alzheimer's to chronic pain, while the recreational market has been booming due to the recent surge in CBD-infused products.

Currently, the North American region holds the largest market shares for the industry and is also projected to be the fastest growing market. The U.S. and Canada control the majority of the global cannabis market, but unlike Canada, the U.S. has not legalized cannabis nationwide.

Mon
06
Aug

Mexican Supreme Court votes to legalize marijuana

In Mexico, supporters of drug reform have been celebrating a decision from the Supreme Court of Mexico that could lead to the legalization of marijuana. This highly controversial rule would allow people to grow the plant for private consumption. A panel of five judges ruled in favor of a nonprofit marijuana club in Mexico, even though drugs and dealing with drugs has claimed thousands of lives in Mexico. Nonetheless, this ruling changes the country’s course on drug policy.

John Walsh, a senior associate at the Washington Office on Latin America, said, “Every country in the world signed up to a treaty that prescribed a prohibitionist and criminalized approach to dealing with drugs that was one-sided, That basic response doesn’t work anymore.”

Fri
13
Jul

Mexico considers legal cannabis as solution to narco crisis

Mexico’s new president, Andrés Manuel Lopez Obrador (known by his initials as AMLO), is pledging a new, demilitarized approach to ending the country’s endemic narco-violence and his newly named interior minister is a vocal supporter of cannabis legalization. Will a legal cannabis sector provide a way out of Mexico’s long narco crisis?

Those who have been hoping for a new direction in Mexico’s approach to the ultra-violent drug cartels were heartened by president-elect Andrés Manuel Lopez Obrador’s announcement that his interior minister will be Olga Sánchez Cordero.

Tue
10
Jul

Tree of knowledge is a global CBD opportunity to watch

Although many companies are focused on the production of marijuana that is high in THC, demand for CBD derived products continues to grow.

The surge in demand is not surprising as many people have started to recognize the benefits of CBD, which is a non-psychoactive chemical compound found in cannabis. This means that CBD does not get you high.

We have been focused on companies levered to this burgeoning market and came across Tree of Knowledge (CSE: TOKI), which is focused on the production and sale of CBD products via its subsidiary, EVR Brands.

Thu
05
Jul

Mexico's president-elect says he's open to drug legalization

On Sunday, political leftist Andrés Manuel López Obrador won a landslide victory to become Mexico's next president, effective December 1st. Having proclaimed a desire to transition away from pursuing criminal charges for people who consume drugs and toward treatment-based programs, his government could be the one to finally repeal cannabis prohibition in Mexico.

Thu
01
Mar

Double-digit $ billions puts North America in the worldwide cannabis market lead

According to one of the top-5 financial firms Forbes has identified in the cannabis sector, Arcview Market Research, and its research partner BDS Analytics, over the next 10 years, the legal cannabis industry will see much progress around the globe. 

Mon
29
Jan

Marijuana is less harmful than sugar, new survey finds

Marijuana is among the fastest growing industries in North America, which is a big reason investors have pushed pot stock valuations considerably higher in recent years. A majority of marijuana stocks have gained 100%, 200%, or even more on a trailing-year basis.

One reason behind that excitement is the sales growth of legal weed. In the U.S., Marijuana Business Daily's newest report, "Marijuana Factbook 2017," calls for sales growth of 45% this year, and 300% as an aggregate between 2016 and 2021. If these figures prove accurate, the U.S. market could be generating around $17 billion in annual sales by 2021. That's certainly a convincing enough number to attract investors.

Fri
26
Jan

Mexico minister backs Marijuana legalization in major beach resorts

Marijuana should be legalized in two of Mexico’s main tourist hot spots, Cancun and Los Cabos, in order to reduce criminal violence, Mexico’s minister for tourism said on Thursday.

Minister Enrique de la Madrid said Mexico could follow the example of the United States and legalize marijuana in areas with support, urging Quintana Roo, where Cancun lies, and Baja California Sur, the home of Los Cabos, to move ahead with it.

“It’s absurd that we’re not taking this step as a country,” de la Madrid told reporters at a conference in Mexico City.

“Even if there’s work to do on the whole of the country, I’d like to see that it might be done in Baja California and Quintana Roo,” he added, describing the states as victims of a poor drug law.

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