Our sources in China have revealed that the Chinese government has just allowed three daughter companies of the pharmaceutical group Zhejiang Kangenbei from the Yunnan province to cultivate Cannabis for therapeutic use. They will be producing CBD from low THC plant varieties. This is an exclusive story from our partner in Europe, France Le Cannabiste.
With millions of marijuana dollars already flowing through US and Canadian stock exchanges, new funds and investors entering the space, and the excitement around the increased legalization of recreational marijuana, we’re seeing a strong appetite among global investors to invest in the US cannabis market.
Even though California will finally begin allowing the sale of recreational marijuana on January 1st, 2018, a lot of people are very nervous about how that is going to go. The state has had a largely unsupervised medical cannabis program in place since 1996
Marijuana is a social drug, so its only natural that marijuana lounges and social clubs are appealing to people. In some states, marijuana lounges are needed because visitors who legally purchase recreational cannabis may not have a legal place to consume it
With recreational marijuana sales set to begin in Massachusetts over the summer and incoming New Jersey governor Phil Murphy poised to legalize pot as quickly as possible, there’s a good chance that hundreds of thousands of New Yorkers
Given the projected growth and investment potential in the cannabis market, multiple investment entities have emerged to tap into this lucrative market and fund promising cannabis businesses owners and establishments. One of the largest and most prolific investors in this space has been the ArcView Group: Read more