In 2020, cannabinoid production undoubtedly continued to steal the hemp show. According to a recent survey by market analytics firm Hemp Benchmarks, nearly 90% of growers opted to cultivate hemp either for cannabidiol (CBD) or cannabigerol (CBG).

But excitement has been simmering for another segment of the hemp market: hemp fiber.

With the potential to produce both bast and hurd that can be the basis for thousands of products, hemp fiber holds tremendous promise for the industry, and it’s where many industry leaders believe the future of hemp lies in the long-term.

Following the results of the 2020 presidential election, cannabis advocates across the nation breathed a sigh of relief; for the first time in our history, cannabis decriminalization was being supported by the party in office. Since 2012, 15 states and Washington, DC, have legalized cannabis for adults over the age of 21. And 36 states have legalized medical cannabis — meaning that a majority of Americans now have some form of access to cannabis, whether medically or recreationally. On December 4th, the House passed the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act, a historic bill which will remove cannabis from the Controlled Substances Act and serves as the first step in ultimately deciding the fate of federal decriminalization in the United States. 

• The U.S. cannabis market is already outstripping Canada’s and a bull run is expected after the passing of new legislation
• Fiore is focusing on the highly lucrative Nevada and California cannabis markets
• Led by veterans of the Canadian industry, Fiore stands out with sound business practices and focus on quality

This is a time of massive change — and rapid growth — in the U.S. cannabis market. With cannabis legalized in more states than ever before and the Biden-Harris presidency poised to transform the federal regulatory environment in this newly burgeoning sector, many are looking forward to what the industry could look like as it matures.

The U.S. House of Representatives voted in favor on this first-of-its-kind federal cannabis decriminalization bill. It was a partisan vote despite marijuana being a bipartisan issue. Democrats voted 213 YES and 6 NO, while Republicans voted 5 YES 156 NO.

Just after an election that saw four states legalize marijuana and two states legalize medical marijuana, it’s become clear that most Americans have a progressive view on marijuana. In fact, Pew Research reports that 67% of Americans support marijuana legalization.

Celebration over the legalization of cannabis in five more U.S. states was hardly over when attention turned to what this all means for industry heavyweights north of the border.

Several of the largest Canadian companies reported quarterly results last week, putting them under the microscope as Wall Street tries to figure out how they’ll grow while largely shut out of the rapidly expanding U.S. market. Some are finding ways in, while others are searching beyond.

Cannabis tourism is thriving today on account of more countries legalizing the herb. It has opened paths for enthusiasts to travel far and wide worldwide to enjoy marijuana while embracing the picturesque views. While most countries allow tourists to use the herb, not all can offer the best marijuana.

Does your dream vacation include a good amount of high-grade marijuana? Read on to know the countries that produce the best marijuana you can visit to have a magical time.

Which are the Best Countries for Marijuana Travel?

Like every other marijuana lover, you must be searching for the countries that offer the best marijuana in the world. If you are looking for your next marijuana adventure destination, you’ve reached the right place.

Despite all the uncertainty surrounding the U.S. election, there’s a clear victor already: domestic cannabis companies.

Leaders across the industry cheered after marijuana measures passed in all five states that had them on the ballot Tuesday -- even in deeply red parts of the country. The results buoyed the biggest U.S.-based players in the market.

“Cannabis won, and won big,” said Boris Jordan, chairman of Curaleaf Holdings Inc., one of the largest cannabis companies. “It’s a green landslide.”

Shares of major Canadian cannabis companies traded in negative territory on Wednesday amid election results showing an uncertain pathway for the U.S. to legalize cannabis federally despite a "green wave" of state-led ballot initiatives that legalized marijuana in five U.S. states. 

While votes are still being counted the day after the U.S. election, voters in Arizona, New Jersey, South Dakota, Mississippi and Montana all gave the green light to legalizing cannabis for either medical or recreational purposes. 

Will These Pot Stocks Thrive on November 3rd?