New York legalization update, CBD is getting more popular in Alaska, CBD Market predicted to Hit 22 Billion by 2022

This Week in Review

New York legalization update: the Governor launches a series of “listening sessions” around the state for public input and what New York City can do about it

On August 30 New York State Governor Andrew Cuomo’s office made a major announcement: the Governor will hold fifteen “listening sessions” on cannabis legalization at locations around the state in September and October. Those sessions are now underway. Read more

With billions in marijuana cash unbanked, Pa. leads an appeal to Congress for protections

With millions of dollars in medical marjuana proceeds — all cash — being moved across Pennsylvania monthly in unmarked cars, state banking regulators have appealed to leaders in Congress to create protections for financial institutions so that banks and credit unions might serve the state's cannabis industry. Read more

CBD is getting more popular in Alaska. But is it legal?

This week, Coca-Cola Co. announced it is exploring options for selling drinks containing a cannabis-based product generally referred to as CBD. Cannabidiol, a mild derivative from the Cannabis sativa plant that has no intoxicating effects, and is championed as a natural remedy for all kinds of ailments. In Alaska, CBD is already showing up in drinks at cafes and in stores. But there are simmering disagreements about its legality. Read more

Exclusive: New Report Predicts CBD Market Will Hit $22 Billion by 2022

For years, experts have predicted that if the cannabis industry expands at its current rate, the American market will reach $20 billion by 2020. But it turns out that one market is spinning off into a mega-industry of its own: according to a new estimate from cannabis industry analysts the Brightfield Group, the hemp-CBD market alone could hit $22 billion by 2022. Read more

And here's another take on it...

Will CBD Entirely Eclipse The Cannabis Market?

The Brightfield Group is a subscriber-driven market research firm that published a 2018 market overview and analysis on hemp-derived CBD, today. Their view through rose-colored glasses reads like a marketing document outlining the best-case-scenario for CBD's future. Some key, regulatory factors appear to have been overlooked. Read more