Five Expert Cannabis Industry Predictions for 2020

Increased Earnings in the Fourth Quarter
David Mukpo, COO of cannabis-industry brand tökr, predicts a thinning of the herd of marijuana-related brands – and a boost in fourth-quarter earnings among the remaining contenders of cannabis. “Through the early part of the year, some of the largest cannabis companies struggling will lead to marquee companies closing the door,” explains Mukpo. “As the field narrows, this will be offset by Q4 being the most optimistic time in Cannabis over the previous 24 months as the market factors begin to stabilize.”

Read More

Hemp Industry Sees First Changes In Half Century

If you pay attention to Cannabis news you’ve probably noticed all of the excitement surrounding Mitch McConnell and the passing of the 2018 Farm Bill. As of this writing, the bill has yet to be signed, but all media accounts suggest no opposition and expect President Trump to push the new legislation into action within days. Similar or accompanying legislation, however, was passed in Colorado just months ago with Amendment X – that redefined Hemp back to its federal definition. Prior to that Colorado voters had redefined the industrial product with Amendment 64 just a few years prior.

Read More

Colorado Researchers Sending Hemp and Coffee to Space in 2020

Front Range Biosciences is a Colorado-based biotech company, striving to partner cutting-edge scientific research and development with the growth of in-demand crops like hemp and coffee. The company recently announced their plans to partner with Space Cells – a nearby tech startup – and the University of Colorado Boulder for an exciting new project. The three organizations will collaboratively launch more than 480 plant cell cultures into outer space. Using an incubator designed to maintain optimal growth conditions, these cultures will be loaded onto a SpaceX cargo flight, scheduled to launch in March of 2020. This mission will resupply essentials for astronauts presently docked at the International Space Station.

Read More

Elderly Americans Represent Fastest Growing Demographic of Cannabis Users

United States residents over the age of sixty-five are no exception to the cannabis craze. According to data from the National Survey of Drug Use and Health, only 0.3% of senior citizens reported using cannabis over the course of 2007. A recent study by the University of Colorado Boulder found that the number of senior citizens reporting the use of cannabis this year is 3.7%. In other words, ten times more senior citizens used marijuana in 2019 than those who did so in 2007.

Read More