Subscribe to RSS
Featured Cannabis News
Canada surpasses California as largest cannabis market in the world
TCalifornia’s leaders love to brag about the state’s legal cannabis market being the largest in the world. Even when the legal market has shown deep problems and dysfunction, leaders could say that at least California was still No. 1.
However, that no longer appears to be true.
Canada’s federal government released data last week showing that its June sales totaled $517.8 million Canadian dollars, or about $374.5 million in U.S. dollars. That’s more than the $372.4 million that California sold the same month, according to the Department of Cannabis Control, meaning California has lost its superlative status.
Cannabis and Alcohol Exhibit Contradictory Effects on Driving Performance
Drivers increase their speed following the use of alcohol but reduce their speed following the use of cannabis, according to an assessment of real-world driving performance published in the journal Accident, Analysis & Prevention.
Consistent with driving simulator data, participants who consumed cannabis engaged in compensatory driving behavior. Researchers reported that “alcohol-involved trips showed increased proportions of speeding on primary and secondary roads, suggesting impaired judgment or compromised longitudinal vehicle control. In contrast, cannabis-positive trips had speeding proportions closely aligned with baseline conditions, likely indicating habituation or compensatory driving behaviors.”
Canada still dominates global cannabis exports, but changes are coming fast
Long a boon mostly for Canada, still the world’s biggest exporter of cannabis, Germany’s growing appetite for medical cannabis threatens to reshape the global marijuana market and trigger a race among major international players to seize and ensure a share of the pie in rapidly expanding Europe.
These include U.S.-based marijuana multistate operator Curaleaf Holdings as well as Canadian licensed producers who have long dominated global cannabis trade.
AURORA CANNABIS CORRECTS INACCURATE STATEMENTS MADE IN SUPPORT OF CURALEAF HOLDINGS' HOSTILE BID
"Curaleaf's timing and public comments appear to be a transparent attempt to pressure Aurora shareholders into making a short-term decision for the benefit of Curaleaf shareholders," said Miguel Martin, Executive Chairman and CEO of Aurora. "Curaleaf's interest underscores the value that Aurora has created. They are trying to acquire our world-class EU-GMP global infrastructure at the lowest possible price, depriving our shareholders of the long-term value our strategy is built to deliver."