Number of pot jobs in Illinois to grow to 63,000 by 2025, report says

A new report estimates the state’s legal cannabis industry will employ more than 63,000 people by 2025, about the same number of elementary school teachers in the state. The projection is included in a report published earlier this month by a cannabis research firm that predicts total pot jobs in the country could hit nearly 745,000 that year — if the drug remains illegal on the federal level and no additional states legalize it for recreational or medical use.

Read More
Sean Doyle
New Cannabis Report Predicts Legal Sales To Reach Nearly $30 Billion By 2025

Total legal sales of cannabis in current legal states are projected to grow at a compound annual growth rate (CAGR) of 14% over the next six years, reaching nearly $30 billion by 2025. This figure takes into account the likely projection that more states will legalize. Currently, 33 states and D.C. have legal medical marijuana markets while 10 states (plus D.C.) have legal recreational markets.

Read More
Sean Doyle
How marijuana is poised for a North American takeover

The United States is feeling some North American peer pressure to get in on the cannabis boom.

Producers in Canada, where marijuana is legal for medicinal and recreational uses, are already planning for a future where pot is a globally traded commodity, and some are setting themselves up to profit if it is legalized in the U.S.

Read More
Sean Doyle
Study on cannabis chemical as a treatment for pancreatic cancer may have 'major impact,' Harvard researcher says

In their study, published in the journal Frontiers of Oncology on July 23, the researchers revealed that a chemical found in cannabis has demonstrated “significant therapy potential” in treatment of pancreatic cancer.

The specific drug, called FBL-03G, is a derivative of a cannabis “flavonoid” — the name for a naturally-occurring compound found in plants, vegetables and fruits which, among other purposes, provides their vibrant color.

Read More
Sean Doyle
Popularity of U.S. Medical-Use Markets Far Outpaces Federal Policies

According to the National Institutes of Health, among all U.S. adults, nearly 40 million (17.6%) report suffering from severe pain, while about 25.3 million (11.2%) complained of experiencing daily pain throughout the previous three months. Chronic pain is more than an uncomfortable nuisance: People coping with severe pain had worse health, used more health care resources, and experienced more disability than other adults.

Read More
Sean Doyle