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2019 UK Cannabis Report: the Future

The UK Cannabis Report

The UK Cannabis Report

New Data from the Prohibition Partner’s UK Cannabis Report show that global sales of cannabis are expected to grow by an immense 853% by the year 2024. It is hardly surprising in many ways. Wall Street has considered cannabis to be one of the hottest investments of the last generation. 

The black market has, of course, developed into a multi-billion dollar industry over the last half a century. It is not a huge leap to envisage that this can be turned into a massive legal business. As many States in America legalize medical marijuana, other countries are starting to legalize the drug.

Canada legalized cannabis in October 2018 and since the United States started moving in the right direction, global sales have developed from $3.4 billion in 2014 to $10.8 billion by last year.

A huge increase in Global cannabis sales is expected. The UK Cannabis Report is forecasting an 8 fold increase which would see legal world cannabis sales reaches a staggering $103.9 Billion. Canada, as always ahead of the curve, will see companies like Canopy Growth, Aurora Cannabis, Aphria, and Tilray up among the leaders.

However, the big surprise comes in the fact that it is Europe, not North America that is expected to top the cannabis sales. Countries like Portugal and Luxembourg are leading the way in legalization. Whilst, of course, Holland has already got an enormous weed market. The huge populations across Europe will see monumental growth in legal weed sales. 

Medical versus recreational

In the Uk, The law was changed on 1 November 2018 allowing clinicians on the Specialist Register of the General Medical Council to prescribe unlicensed cannabis-based products for medicinal use. They further ruled that no licenses would be required to prescribe CBPMs.

The National Institute for Health and Care Excellence (NICE) is an executive non-departmental public body of the Department of Health in the UK. They recommended that the National Institute of Health Research should support research in five priority research areas: 

  • Cannabidiol (CBD) as an add on treatment for adult patients with fibromyalgia or persistent treatment-resistant neuropathic pain 
  • CBPMs in chronic pain in children and young people 
  • CBPMs for people with spasticity 9 
  • CBD for severe treatment-resistant epilepsy in children, young people, and adults;  
  • The effect of adding Tetrahydrocannabinol (THC) in combination with CBD on seizure frequency, brain structure, and neurophysiological performance when compared with both CBD alone and placebo.

This gives up a clue as to the extent that medical uses for marijuana are very much moving into the mainstream. It is expected that medical use of marijuana will outpace recreational use significantly. Us growers are thus targeting Europe in a big way. 

It is worth noting that the U.S. National Library of Medicine and Prohibition Partners states that some 564 clinical trials involving cannabis are currently ongoing worldwide. There are 343 located in the United States, 106 in Europe, 49 in Canada, and 35 in the Middle East.

The Future

Sometimes America sometimes appears to have to be kicked dragging and screaming into the future of drug use. The report predicts that it will legalize the recreational use of marijuana by 2024. Imagine the size of the business when pot is legal on a federal level. However, for every move against the legal marijuana trade, there is often another move fighting back. Recently two members of congress submitted a bill to help veterans regarding legal pot use.

The sheer volume of worldwide clinical trials and medical interest will dominate the argument for many years to come. It is inconceivable that as marijuana is proven to have beneficial uses, it will not become more widespread. 

The black market will, of course, always be there. But as countries legalize it will diminish. It will never disappear but its share of the market value will decrease. It will though remain a problem that will have to be addressed. As governments realize the potential tax revenues that are to be had,  the problems will continue. In California, users face a 45% tax. It does not take a genius to figure out why the black market continues to thrive there. 

If the UK Cannabis Report is, as expected, accurate, the future looks very good indeed.

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Business

Buyers Guide to Legal Cannabis Dispensaries

Legal Cannabis Dispensaries

Maria Loreto writing in Fresh Toast this week has come up with a handy buyers guide for people visiting legal cannabis dispensaries for the first time. It’s full of useful information.  From the perhaps obvious,  take your ID with you to legal rules and regulations.

Legal Cannabis Dispensaries are Classed as Essential

During the Coronavirus, pandemic rules are ever-changing but classing marijuana as essential goods means that many are shopping for the first time.

Check out Maria’s full story on the Fresh Toast Website

Catch up with more marijuana news on the Mary Jane’s Garage homepage

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Business

6 Top Women Cannabis Advocates

The whole cannabis industry is very much an equal opportunity platform. As such many top women cannabis advocates have become household names around the globe. All nationalities and religions have their place in what is becoming one of the fastest-growing industries on Earth. 

6 Top Women Cannabis Advocates

1: Mara Gordon

One of the 6 top women cannabis advocatesAs top women cannabis advocates go they don’t get any better than Mara Gordon. She is the woman behind Aunt Zelda’s, the pioneering, developer of cannabis-based plant medicines. A long time advocate of medical marijuana she is a researcher as well as a successful entrepreneur. With a background in process engineering, she has created marijuana medicines that are used bu thousands of people all over the world. She is outspoken against some of the more dubious advocates in the industry and has given some amazing Tedx Talks. 

She co-founded Aunt Zelda’s in 2011, which originally operated as a collective and as regulations were constantly added and changed in California she created a standardized range of CBD oil products and made them commercially available. They specialize in strain-specific, full-spectrum medicines that have high concentrations of cannabinoids, terpenes, and other beneficial compounds.

In addition to her many Tedx Talks Mara has appeared on stages before audiences all over the World. She has been featured in the award-winning documentary Weed the People and such films as The Medicine in Marijuana, Mary Janes: Women of Weed.

2:Emily Paxhia

top female cannabis advocatesEmily Paxhia co-founded Poseidon Asset Management of which she is now Managing Partner. She is graduate Skidmore College, gaining a B.A. in Psychology in 2002 and New York University from where she earned her M.A. in Psychology in 2008. Poseidon is thought to be the longest-running cannabis investment fund in the World. It has $105 million in assets under management.

This was a huge task to undertake in the early days. Persuading people to invest in cannabis was not easy. In the 6 years since she formed the company, things have certainly changed. As she herself puts it, “6 years later, finding those service providers is much easier. They now have about 6 years of an investable landscape to look back on and see what it looks like. And you can sometimes extrapolate what that might look like for the future.”

Emily has reviewed thousands of companies within the cannabis industry and has worked with countless professionals in different positions. She has sat on the boards of three portfolio companies and acts as an adviser to many other teams. Emily remains very active in the decision making and ongoing investment oversight processes for Poseidon. Working closely with her partners, she creates well-thought deal structures and oversees proper governance. 

In addition to all this, Emily supports policy groups and has been board members of the Marijuana Policy Project and the Board of Athletes for CARE and Treehouse Global Ventures. She remains one of the most respected women in the industry and is certainly one of our favorite top women cannabis advocates.

3: Martha Stewart

It would be easy to write a whole book about Martha Stewart, not just a paragraph here. Born in Jersey City in 1941, She attended Barnard College of Columbia University, began a career as a stockbroker, Became a TV chef and author, produced her own magazine, and a famous TV presenter. She has long been one of our top women cannabis advocates.

In 2004 she was famously found guilty of conspiracy, obstruction of an agency proceeding, and making false statements to federal investigators. She received a 5-month jail sentence. 

She teamed up with her friend Snoop Dogg to present TV shows once again and once again began presenting her own TV cooking programs. In 20198 she teamed up with Canopy Growth, a Canadian marijuana company. Together they have developed a range of hemp-derived products. Using CBD, the range caters to pets, in order to help them live healthy, active lifestyles. 

4: Tulsi Gabbard

top women cannabis advocatesTulsi Gabbard is a giant when it comes to top women cannabis advocates. She was a major in the Hawaii Army National Guard, serves as U.S. Representative for Hawaii’s 2nd congressional district. She is the first Hindu member of congress and was a candidate for the Democratic nomination of the Presidency.

Born in 1981, she is a long time advocate for the legalization of marijuana. In fact, in her formal Presidential campaign address, she launched a scathing attack on a justice system that, “puts people in prison for smoking marijuana while allowing corporations like Purdue Pharma, who are responsible for the opioid-related deaths of thousands of people, to walk away scot-free with their coffers full.”

She sponsored the Ending Federal Marijuana Prohibition Act. This would remove cannabis from the Controlled Substances Act, allowing states to make their own choices about cannabis policy.

She has been responsible for cosponsoring many cannabis-related bills. In April 2019 she introduced legislation that is designed to end prohibition by federally de-scheduling cannabis. She said of the bill, “This is affecting those dealing with opioid addiction, this is affecting farmers, this is affecting small business owners, this affecting our veterans and those who are locked up in our broken criminal justice system because of this prohibition. That’s what my bill seeks to do: end prohibition very simply.”

5: Whoopi Goldberg

Whoopeeeee for Whoopi, that’s we say! One of the first truly big female stars to put her head above the parapet in support of the cannabis movement. In 2016, together with Herbalist Maya Elizabeth, she founded the Whoopi & Maya range of marijuana-based PMS treatments. This truly pioneering company was a conversation starter for marijuana. They offer a range of bath soaks, salves, and tinctures. 

Sadly the pair split in February 2020. The company folded. However, Whoopi remains a staunch advocate for Cannabis treatments. Some cited differences between the two whilst others claim it was the constantly changing laws in California that simply became too much for them. 

Whoopi has been outspokenly in favor of marijuana since her teens when she smoked weed to help with menstrual cramps. She remains one of the top women cannabis advocates.

6: Dr. Lakisha Jenkins

Dr. Lakisha Jenkins is a master herbalist. With a doctorate in naturopathy, she is a member of the American Herbalist Guild and a founding board member of the California Cannabis Industry Association. Her impact on legal cannabis in California has been immense. She has written many laws to legalize weed in the Golden State. She is an expert at marrying herbs with CBD to create authentic n natural medicines.

Her life has not been without tragedy, and that is what drives her on. Her daughter Kiona was diagnosed with brain tumors in 2002 at the age of 8. Back then, of course, all CBD derivatives were illegal and Dr. Jenkins was forced to look on helplessly as her daughter’s illness took her. Kiona passed away in 2006.

Dr. Jenkins says of the event, “I was informed that the State of California knows what’s better for my daughter than I do and that if I did anything different than conventional treatment, then I’d be acting outside of medical advice and that I would be a threat to her. Unfortunately, I was forced to accept, but while she was going through chemotherapy and radiation, I started researching and studying for my doctorate, and figuring out other holistic alternatives.”

Dr. Jenkins’ ancestry is Choctaw Indian. She drew upon her heritage to study natural herbs and medicines. Apart from being one of the top women cannabis advocates in the World, she is a strong voice for minorities trying to work in the cannabis industry. As she puts it, “There’s a privilege that is associated with being a white male in this country, you don’t have that same type of fear that other minority groups or other people do and you’re more in a position to take a risk in jumping into this industry.”

We salute her and the difference she is making for women, minorities, and the cannabis industry in general.

Summary

This is by no means a complete list of top women cannabis advocates nor is it intended to be. There are more and more women now making their marks in the cannabis industry. Politicians, celebrities, growers, and users, entrepreneurial women are coming together strongly in support of our favorite herb. Long may it continue. 

To catch up on more news stories from the world of marijuana check out the Mary Jane’s Garage homepage

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International News

The value of the European Cannabis Market is €240 million:

European cannabis market

Unbelievable figures are coming out of the European cannabis market. Sales for 2019 are an amazing €240 million ($260 million). This means that it is feasible that the European market could in the near future overtake the American market.

Alfredo Pascual an International Analyst for MJBizDaily states in his report “This report provides industry leaders and investors interested in the European markets with a realistic estimate of current market sizes and a detailed analysis of the countries where the most opportunities exist.”

Exciting Figures For the Cannabis Market in Europe.

The signs are that the initial market trends are mainly medical but recreational cannabis use is bound to follow. Pascual again, “While the long-term expectation of Europe being a massive medical and, eventually, recreational the cannabis industry continues to show promise, this report highlights the reality of the market today, including the actual sales and the regulatory frameworks that exist in the main European markets.”

Check out the full story on Marijuana Business Daily

Catch up with more marijuana news on the Mary Jane’s Garage homepage.

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