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$45 Billion in U.S. Cannabis Sales Expected by 2025, Says Industry Report

$45 Billion in U.S. Cannabis Sales Expected by 2025, Says Industry Report

The U.S. cannabis industry could exceed $45 billion in annual sales by 2025, according to a recent projection published in the 2021 Marijuana Business Factbook. That could mean double the sales of $22 to $26.4 billion projected for recreational and medical cannabis this year. Marijuana markets are growing rapidly in the U.S. and Canada, with the Factbook reporting 100 percent…

Understanding Cannabis Complexities & Changing Market Dynamics

Understanding Cannabis Complexities & Changing Market Dynamics

Burns & Wilcox experts take a look into the cannabis market as carrier appetite and capacity shift, along with regulatory changes and trends. During this webinar, we discuss: The current state of the market for U.S. and Canada Product developments and concerns Tips for brokers on how to adapt with changes https://vimeo.com/519667011/df17ef8df0

Marijuana Sales Soar, Three States Set Monthly Records

Marijuana Sales Soar, Three States Set Monthly Records

Colorado, Illinois and Ohio set new records for monthly marijuana sales in July and August, underscoring the resilience of the cannabis industry amid the COVID-19 recession. In July, recreational and medical marijuana stores in Colorado generated a combined $226.4 million in revenue, up 13.8 percent from June, and Ohio saw a record $21 million in medical marijuana sales. In August,…

Ask the Expert Q&A: Cannabis Industry’s Growth Shapes Risk Considerations

Ask the Expert Q&A: Cannabis Industry’s Growth Shapes Risk Considerations

The cannabis industry continues to experience growth in the U.S. and Canada. Medical and recreational marijuana sales are expected to reach nearly $30 billion in the U.S. by 2023, and sales have surged even during the COVID-19 crisis. The market’s rapidly changing landscape presents unique risk management considerations for those involved in the cultivation, production, dispensing and sale of cannabis…

Unlicensed Greenhouses and Mold Prompt Extensive Recalls and Returns, Showing Cannabis Industry Risk

Unlicensed Greenhouses and Mold Prompt Extensive Recalls and Returns, Showing Cannabis Industry Risk

On August 19, CannTrust Holdings Inc. announced that the Ontario Cannabis Store (OCS) was returning its entire $2.2 million inventory of CannTrust products. The return is in response to the suspension of CannTrust’s sales and shipments last month, after a Health Canada inspection revealed the company had grown plants in several unlicensed greenhouses. Prior to the return, CannTrust announced the…

Cannabis: A Growing Risk

Cannabis: A Growing Risk

Between the national legalization of recreational marijuana use in Canada effective October 17 and the ongoing state ballot proposals related to public consumption in the U.S., cannabis remains one of the most debated topics for consumers and business owners today. Many Canadian businesses have already begun to make edible cannabis products even before those types of products are officially legal.…

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