In the spirit of goodwill under the influence of the new strain, we would like to share with you the positive news that happened or being headlined in cannabis news sites and blogs.
1. Marijuana is a Big Business in North America.
From Forbes to Fortune, reports of the cannabis industry growing exponentially in North America is a positive sign. The figures in Colorado and California even beat expert’s estimates which puts the cannabis industry at $6 Billion.
And now, they’re estimating cannabis to deliver $9 billion in revenues this year. How about the next 5 years when we can see more states following California and Colorado?
Can we really predict cannabis to eventually become a $100 Billion industry?
2. California delivers over $26 billion in revenues from weed crops.
Marijuana is the largest crop in 2016 and it even beats other crops in sales.
At $23.3 billion in crop value, marijuana is arguably the most valuable crop in California last year. This figure even beats the estimate of Arcview Market Research which has reported that California would have $6 billion in revenue from the cannabis industry.
3. Kentucky’s hemp production would be like tobacco. It is expected to triple in 3 years.
209 applications from growers have been recently approved in Kentucky, allowing them to produce up to 12,800 acres of hemp for research purposes this year.
In 2016, 137 growers were approved to plant up to 4,500 acres.
Growing hemp without a federal permit was banned in 1970 in this state due to its classification as a controlled substance related to marijuana.
4. Rhode Island awards inaugural cultivation licenses
5. You can invest in these stocks of cannabis-focused companies
6. Britain reclassifies CBD oil as a medicine.
Yes, it is banned at the US Fed level after DEA silently clarified that any derived product from cannabis or marijuana is still under the classification of the Schedule 1 drug.
But across the pond, the Britain’sMedicines & Healthcare products Regulatory Agency (MHRA) reclassifies CBD oil as a medicine and has approved it for distribution in all of the UK.
“We have come to the opinion that products containing cannabidiol (CBD) used for medical purposes are a medicine,” said an MHRA spokesperson on the agency’s website. “MHRA will now work with individual companies and trade bodies in relation to making sure products containing CBD, used for a medical purpose, which can be classified as medicines, satisfy the legal requirements of the Human Medicines Regulations 2012.”
7. The “Hollyweed” sign is regarded as a positive sign for the cannabis industry. The artist speaks out.
We are very careful about copyright issues so we would like to share with you instead of this Instagram post about the “Hollyweed” sign prank.
https://www.instagram.com/p/BO4VmCxg4s8/?tagged=hollyweed
The recent prank has caused so much stir in the mainstream media. Buzzfeed eventually managed to ask the prankster, Zach Fernandez, who happens to be an artist and videographer.
“It was something to smile and laugh out loud about,” Zach Fernandez of Pomona, California, told BuzzFeed News. “Just lift their spirits and let them live because 2016 was a crazy year, dude.”
8. Vermont governor pardons nearly 200 people with minor marijuana cases.
Almost 200 people who had minor marijuana cases have been pardoned by Vermont Governor Peter Shumlin. Consequently, their records for convictions were wiped off on Tuesday, Jan. 3, 2017.
Shumlin, who received 450 applications to pardon minor marijuana-related drug cases, had encouraged people convicted of minor crimes prior to marijuana decriminalization of the state for possession of small amounts of the weed in 2013 to apply for the pardons.
“My hope was to help as many individuals as I could overcome that stigma and the very real struggles that too often go along with it. Vermont should follow the many states that are legalizing and regulating the use of marijuana and put to an end the incredible failure that is the War on Drugs.”
9. Cannabis can treat sexual dysfunction.
The aphrodisiac quality of cannabis has been proven in new research.
And though it is old news, this confirms that there is more to cannabis than just a herb for relaxation.
10. Mariah Carey and Andrew Garfield have pot experiences. Snoop Dogg gifted Willie Nelson with a cannabis-printed sweatshirt.
They came out to L.A. to surprise me and we went to Disneyland and we ate pot brownies. And it was literally heaven.
