Category: Industry Buzz
Licensing Delays Cost Time, Money
INDUSTRY BUZZ Delays Impact Marijuana Industry Licensing delays across the U.S. continue to financially impact the marijuana industry, from lost revenue to the entrepreneurial growers to missed tax dollars at the state level. Recent notes for several states, related to these license delays include: Alaska: Applicants for cannabis business licenses […]
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Canada and the Global Marijuana Market?
INDUSTRY BUZZ Will Canada Dominate Global Marijuana Market? As most everyone knows, Canada’s upper house of Parliament approved the revised cannabis bill in a 52-29 vote last month, paving the way for a fully legal cannabis market within six to 10 weeks. As the only developed nation able to legally […]
Read MoreMay Scoop Cannabis Cultivation – A Growing Carbon Footprint – Industry Buzz
Industry Buzz Cannabis Cultivation – A Growing Carbon Footprint THE FOOTPRINT ISSUE Recent estimates indicate that indoor cannabis cultivation racks up as much as $6 billion each year in energy costs. Looking at this from the individual perspective, one 1000-watt lighting system driven 12 hours per day can rack up […]
Read MoreIndustry Buzz March 2018 Recreational Marijuana Growth Outpaces Medicinal
INDUSTRY BUZZ Recreational Marijuana Growth Outpacing Medicinal, Expected to Drive Both Hobby and Commercial Markets Legal weed in North America is expected to climb to an amazing $22.6 billion in revenue in 2021. Within this high-growth market, according to Arcview Market Research, recreational cannabis spending is expected to outpace medical […]
Read MoreIndustry Buzz February 2018 Marijuana Legalization Fuels Black Market
Marijuana Legalization Fuels Black Market Today Today approximately 70.5 million Americans, or only 22% of the US population, live in one of ten states where recreational marijuana is legal. These states are dispersed throughout the US with the majority having neighboring states where recreational marijuana remains illegal. For example, in […]
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