Global Cannabis Market Report 2021-2026

The Global Cannabis Market report for 2021-2026 provides Growth, Trends, COVID-19 Impact, and Forecasts.

According to the report, the global cannabis market was Valued at USD 22.10 billion in 2020. The market is projected to witness a CAGR of 13.9% during the forecast period (2021-2026).

“Like every other market, COVID-19 had an adverse impact on the cannabis market as well. The imposition of lockdown limited consumers from visiting brick-and-mortar shops. However, many cannabis companies began relying heavily on social media and e-commerce platforms to market to consumers during the year. Cannabis retail outlets, producers, manufacturers, distributors, and warehouses were deemed essential services by the Alberta Government on March 30, 2020. As a result, cannabis businesses and services continued to serve Albertans throughout the COVID-19 pandemic.”

For more information on this report, visit:
https://www.researchandmarkets.com/reports/4771910/global-cannabis-market-growth-trends-covid-19
For information on how AirMed helps the Canadian cannabis companies, visit:
https://airmedcloud.com/customers/


Health Canada authorizing dried and fresh cannabis sales to licensees

Beginning April 19, 2022, existing holders of micro and standard cannabis licenses in Canada will be granted authorization to sell dried and fresh cannabis products. A notification went out to existing license holders at the end of March that this regulatory change will allow them to sell dried or fresh cannabis products to provincial wholesalers. Prior to this, a sales amendment was required to sell those products.

“Initial licensing came with sales conditions, and the amendment application process could take months,” said Justin Hearn, president and CEO of AirMed Canada Systems, “These changes are designed to reduce the regulatory burden for licensees and help them get their products to market more quickly. We expect this to be especially significant for our micro clients who want to carry out farmgate sales.”

Health Canada will automatically reissue licenses with amended conditions over the next three months. Those who had already applied for an amendment for dried and fresh cannabis sales will be prioritized in the process. Following the regulations, licensees will still need to submit a Notification of New Cannabis Product (NNCP) 60 days in advance of the sale of any new product.

This modification to the license program has been implemented as part of Health Canada’s efforts to improve the cannabis licensing process. According to the notification, “The decision is based on the lower risk associated with producing dried and fresh cannabis products.”

Note that the change applies only to dried and fresh cannabis products. Other products, such as edibles and vape cartridges, are not included in the sales amendment. Licensees planning to sell those products must still apply to Health Canada for a sales amendment.

“While these changes do not apply to the sale of extracts and edibles, it is certainly a step in the right direction,” said Hearn. “We expect edibles and extracts to play a significant role in cannabis sales in the future and have already added support in AirMed for these classes of cannabis.”

For more information about cannabis in Canada, visit: https://www.canada.ca/en/services/health/campaigns/cannabis/industry.html

For information on how AirMed manages the sale of cannabis products for licensees, visit: https://airmedcloud.com/software/#sell


AirMed Best Turnkey Cannabis Management System for 2021

AirMed has been recognized as “Best Turnkey Cannabis Management System” in the 2021 Commercial Cannabis Awards.

Sponsored by Global Health & Pharma (GHP) Magazine, the Commercial Cannabis Awards programme aims to promote and award the globe’s leading businesses and individuals who remain at the forefront of an industry enjoying sustained growth.

“AirMed is proud to be recognized for the role it plays in the cannabis industry,” said CEO Justin Hearn.

“AirMed was created in 2014 to help Canadian licensed producers meet compliance at all levels of government. Continuously innovating since then, our goal is to provide a responsive solution that not only meets customer needs but anticipates them, regardless of the size or focus of your cannabis business. That has been our driving force since our inception, and after eight years in business, we are still 100% Canadian owned. We’d like to thank Global Health & Pharma for this honour and promise to keep up the good work.”

GHP Awards Executive wrote, “…This award symbolises the hard work, dedication, and effort that institutions such as yourselves have applied throughout the challenges faced in the midst of a global pandemic! Once again, congratulations on your victory!”

GHP Magazine’s aim is to provide support and help showcase the latest developments, most promising innovations and leading companies across the medical and health industries.

The Commercial Cannabis Awards are entirely merit-led, which means that GHP does not go on the number of votes received. The aim is to ensure that GHP rewards businesses of all levels based on their quality of product or dedication to service, from small start-ups to giant behemoths.

Read about AirMed in the awards magazine here: https://www.ghp-news.com/issues/commercial-cannabis-awards-2021/10/

Learn more about the GHP Cannabis Awards here: https://www.ghp-news.com/awards/commercial-cannabis-awards/

If you’d like to learn more about AirMed and why it was given this honour, please visit our software page: AirMed Software

And drop by our Customers page to see how we are helping businesses just like yours: AirMed Customers


Report says Cannabis Contributed $43.5 Billion to Canada’s GDP since legalization

The industry analysts at Deloitte Canada have published an annual report on the Canadian cannabis industry. Posted February 1, 2022, the report is titled, “An industry makes its mark: the economic and social impact of Canada’s cannabis sector.”

The authors of the report wrote, “Canada’s cannabis industry is generating billions for the country’s economy and government coffers… In the span of three years, the Canadian cannabis sector has found its footing and emerged as a thriving new source of economic growth, creating and supporting tens of thousands of jobs in communities countrywide.”

The report is based on a study that uses an input-output methodology to estimate the economic contributions of the Canadian cannabis sector.

To read more about this report visit: Deloitte Canada

To download the full report in PDF visit: An industry makes its mark


Deloitte Report Discusses Retail Cannabis Pricing Dynamics

With the help of BDSA and Hifyre, the analysts at Deloitte Canada examined consumer sales data alongside Deloitte’s recent survey of cannabis consumer preferences. The goal? To better understand pricing dynamics in both the Canadian and American adult-use cannabis markets.

“We discovered some fundamental similarities between cannabis and consumer packaged goods (CPG) markets—and some key differences.”

This report, titled “Price. It’s Complicated,” gives a close look at how cannabis behaves like a typical CPG (consumer packaged goods) market and the dynamics at play when it doesn’t. The report outlines some recommendations for companies looking to stay competitive in the challenging environment of this young industry.

To read more about this report visit: Deloitte Canada

To download the full report in PDF visit: Price. It’s Complicated.


North America Legal Cannabis Market Report 2021-2026

Titled, North America Legal Cannabis Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, this report is published by IMARC Group.

According to the report, the North America legal cannabis market reached a value of US$ 16 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 26.2% during 2021-2026.

In this report, IMARC Group provides an analysis of the key trends in each sub-segment of the North America legal cannabis market report, along with forecasts at the global and regional level from 2021-2026.

For more information visit:
https://www.imarcgroup.com/north-america-legal-cannabis-market
For information on how AirMed helps legal cannabis producers and processors, visit: https://airmedcloud.com/compliance/


Market Researcher Says Canadian Cannabis Industry Exceeded $2.6 billion in 2020

According to BDSA, a market research firm specializing in the cannabis industry, global cannabis sales exceeded $21 billion in 2020. Based in Boulder, Colorado in the United States, BDSA made this announcement on March 5, 2021 in a blog post highlighting statistics from a market forecast.

The post noted, “Legal cannabis sales in Canada totaled an estimated $2.6 billion in 2020 and are forecast to grow to nearly $6.4 billion in 2026, a CAGR of 16%… During the year, BDSA Retail Sales Tracking data in Alberta and British Columbia showed rapid growth in shares of new Cannabis 2.0 product categories.”

The market research company also made predictions for the market into 2026. “Global cannabis sales reached nearly $21.3 billion in 2020, an increase of 48% over 2019 sales of $14.4 billion. BDSA forecasts global cannabis sales will grow from $21.3 billion in 2020 to $55.9 billion in 2026, a compound annual growth rate (CAGR) of more than 17%. This growth is expected to be steady, roughly $6 billion annually.”

For more information visit:
https://blog.bdsa.com/cannabis-sales-in-2020


New BC Cannabis Sales Programs Announced for 2022

September 30, 2020, Victoria, BC: The British Columbia provincial government announced new sales programs to benefit cannabis producers and Indigenous businesses.

A media release yesterday announced that cannabis producers in B.C. will have greater access to local retailers and consumers, thanks to new direct delivery and farm-gate sales programs that are in development by the Provincial government.

These changes come as a result of input and recommendations from long-time cannabis growers, Indigenous leaders and other stakeholders. The government is giving Health Canada-licensed small-scale producers, including nurseries, the option of delivering cannabis directly to licensed retailers.

“We’ve heard clearly how important these kinds of sales are for smaller cannabis producers trying to get a foothold in a market currently dominated by larger players,” said Mike Farnworth, Minister of Public Safety and Solicitor General. “Now more than ever, our government is committed to supporting B.C. businesses and encouraging people to buy local, and that includes creating conditions for cannabis businesses of all sizes to succeed.”

The Province has also promised to develop a farm-gate sales program that will give cannabis growers in B.C. the option to sell their products from storefronts located at their production facilities.

The targeted launch for these new programs is 2022.
The BC Ministry of Attorney General’s Liquor Distribution Branch will also launch an Indigenous Shelf Space Program. This program, expected to start sometime in 2021, is designed to help consumers easily identify products from local Indigenous producers in BC Cannabis Stores.

“These steps will help grow the legal cannabis industry in B.C. in an inclusive way,” said David Eby, Attorney General. “By making it easier to know more about the product, those who choose to use cannabis can make careful decisions about what types of product they want to buy and what sectors of the industry they want to support.”

(Image / BC Liquor Distribution Branch)

The ‘highlighted’ products should be available at private B.C. cannabis retail locations, as well as through the government-run BC Cannabis Stores online site.

For more information contact:
Ministry of Public Safety and Solicitor General
Media Relations
250 213-3602

New sales programs to benefit cannabis producers, Indigenous businesses | BC Gov News


Cannabis Helps Canadian Agriculture Industry in 2020

According to the newspaper Moosejaw Today, Statistic Canada reported farm cash receipts of $16.7 billion increased 5.2 per cent in 2020 over 2019.

The newspaper article, published September 13, 2020, stated, “Without a 62 per cent increase — $685 million — in cannabis sales, farm cash receipts would have increased a mere .8 per cent… Led by surging cannabis sales, farm cash receipts in the first half of the year bucked the general decline caused by the coronavirus.”

To read the original article, visit: https://www.moosejawtoday.com/local-news/cannabis-steers-healthy-increase-in-agriculture-income-2706446


Legalization of Cannabis in Canada

As of October 17, 2018, cannabis is legal in Canada for both recreational and medical use. If you want to know exactly what that means for you, there are plenty of articles available online to help you. Following are a few from Canada and around the world:

CBC News: Cannabis is legal in Canada — here's what you need to know

CNN: Canada just legalized recreational pot. Here's what you need to know

https://lfpress.com/news/local-news/pot-101-everything-to-you-need-know-about-canadas-marijuana-legalization

New York Times: Canada is Legalizing Marijuana. Here Are Some Questions, Answered.

https://www.nytimes.com/2018/10/16/world/canada/marijuana-legalization-explainer.html

https://cannabislifenetwork.com/prohibition-2-0-begins-october-17-2018/