January 25th Highlights

  • The Growing CBD Market - With a worldwide shift towards legalisation of cannabis products, the sector cannabis is poised for significant growth. Numerous studies in 2020 have demonstrated increased uptake of cannabis products (medical and adult use) across multiple jurisdictions. The CBD space is also growing in massive popularity. The global market for cannabidiol oil and the overall CBD consumer health market could be worth an $123-billion in 2027, averaging a compound annual growth rate (CAGR) of 25.6% until then, according to data from Research and Markets.
  • Cannabis in France - France has some of the harshest cannabis laws in Europe–it has been illegal in the country since 1970, the state doesn’t allow medicinal use, and there is no distinction in law between personal use and trafficking, as there is in some countries. However, France has the highest reported use of cannabis in Europe. Between 2015 and 2017, according to Statista, just over 11% of the French population said they had used cannabis over the previous year, the highest of any European country. French people are the biggest consumers of cannabis in Europe. Over 700,000 French use cannabis daily; around 41% of French adults have used cannabis at least once. French teens use cannabis more than teenagers in any other country in the world. Data reference - content reference
  • The Japanese Cannabis Market - I think Japan is one of the most promising markets across Asia Pacific. According to Prohibition Partners' Asia Cannabis Report, Japan will become the second-largest medical cannabis market in Asia with a scale of $800 million USD. With huge buying power and a strong health care system, Japanese people are advocating plant-derived health care products, which makes CBD products extremely popular in the Japanese market. Read more here

Veterinarians in Brazil to take course on Medical Cannabis

Dutch government set to offer six month reprieve for 'life saving' cannabis oil

UFC changes its anti-doping rules; now allowing cannabis

Use of dispensary cannabis reduces symptoms of PTSD

Biden health nominees have history of supporting legal cannabis

French energy firm will invest $23 million in hemp-fueled gas plant