In NorCal? Come to the next CMA meeting
If you're anywhere in the Bay Area in late October, we'd like to invite you to the next NCIA Cannabis Marketing Council (CMA) meeting on October 25. Just right before the election, the meeting promises to be informative and engaging. Our guests for October are Kiva Confections, who will talk branding (you've seen their packaging, right?). We hope to see you in San Francisco next month!
New research focuses on elderly
Care By Design and Project CBD have joined forces to conduct the first large-scale survey on cannabis and the treatment of pain in the elderly. Research has shown that 50 percent of older adults who live on their own and 75-85 percent of the elderly in care facilities suffer from chronic pain. Pain affects a person's mood, memory, relationships, and overall quality of life. Constant aches can cause frustration, depression, anxiety, anger, social isolation, poor sleep, and related complications. Said Care By Design spokesperson, Nick Caston, "Our goal in this survey is to explore how cannabis compares to other medications and to instigate research into the use of cannabis therapeutic for pain management."
New Mexico: Legal cannabis would boost economy
A recent economic report produced by Kelly O'Donnell, Ph.D., of O'Donnell Economics and Strategy found the legalized cannabis industry in New Mexico would total $412.5 million in annual revenues after the first year of implementation and $677.7 million by 2021.The report, commissioned by Ultra Health® with support from the Drug Policy Alliance, Rio Grande Foundation and a consortium of industry advocates, also found that legalized cannabis would create more than 11,400 jobs - 6,600 in the direct cannabis industry and 4,780 in ancillary positions.
Mid-year industry update: All eyes on November
Arcview Market Research in partnership with New Frontier Data has released the Mid-Year Update of the 4th Edition of the State of Legal Marijuana Markets. If November's cannabis ballot initiatives pass in California, Arizona, Nevada, Massachusetts, Maine, Montana and Florida, Arcview estimates that these states alone will account for $2.7 billion in additional market sales in 2018, growing to nearly $8 billion annually by 2020. The report also finds that sales in the cannabis sector are projected to hit $20.6B by 2020 with a compound annual growth rate of 29%.