CBD Oil Market to Hit Nearly US$137 Billion by 2029
The CBD oil market is expected to witness an astounding CAGR of 38.90% from 2021 until 2029, climbing from $9.86 billion to $136.64 billion. There are several reasons behind the projected growth such a growing ... [Read]
Easier Access to Cannabis in Thailand Is Raising Health Concerns
Thailand legalized the cultivation and use of cannabis this month, reversing a sweeping approach to long prison sentences or even the death penalty for drug offenses. Now, the country faces widespread criticism for legalizing cannabis ... [Read]
Thailand Becomes First Asian Country to Legalize Marijuana
Thailand made headlines last week when it became the first country in Asia to decriminalize marijuana, making it legal to grow and sell or use for medicinal reasons. Thai Health Minister Anutin Charnvirakul expects legal ... [Read]
HEXO Cuts 142 Jobs at the Atholville Cannabis Factory in New Brunswick
HEXO Corp. (TSX:HEXO)(NASDAQ:HEXO), Canada's largest cannabis producer by market share, is eliminating 142 jobs at its factory in Atholville, in northern New Brunswick. This is the old Zenabis factory. According to the village mayor, Jean-Guy ... [Read]
Tilray May Acquire Half of HEXO Under Revised Agreement
Tilray Brands, Inc. (TSX:TLRY)(NASDAQ:TLRY) and HEXO Corp. (TSX:HEXO)(NASDAQ:HEXO) announced Tuesday that they have revised the terms of a $211 million debt deal signed by the cannabis companies that could see Tilray own a stake in ... [Read]
3 Top Pot Stocks to Buy Now
Cannabis stocks include stocks of companies that manufacture, distribute, or research recreational pot, herbal medicine, or related products. If you're considering investing in the cannabis industry, the pot stocks below are good candidates. OrganiGram Holdings ... [Read]
Canadian Government Gives Green Light to Drug Decriminalization Experiment in B.C.
On Tuesday, Canada's federal government sanctioned a broad drug decriminalization pilot program in British Columbia (B.C.). The aim of this legal experiment is to prevent police from making arrests, issuing citations or even seizing four ... [Read]
Booming Legal Cannabis Market to Continue Rising in 2022 and Beyond
The global cannabis market is continuing to grow rapidly thanks to increasing legalization and social adoption across the globe. According to a report by Vantage Market Research, revenue came in at US$12.8 billion in 2021 ... [Read]
Fire & Flower to Benefit From Cannabis Sector Consolidation
Founded in 2017 and headquartered in Toronto, Fire & Flower Holdings is an independent retailer of cannabis products and accessories through its 83 locations in Alberta, Manitoba, Ontario, Yukon and Saskatchewan, where the company additionally ... [Read]
Auxly Cannabis Reports Larger Q1 Loss And Higher Revenues, Shares Dip
Shares of Auxly Cannabis Group Inc. (TSX: XLY) (OTCQX: CBWTF) fell 12% on Monday morning after the cannabis company posted a wider loss in the first quarter. Net Revenues Rise 147% Net revenues were $22.6 million ... [Read]