|Bid||10.09 x 1100|
|Ask||10.10 x 800|
|Day's Range||10.08 - 10.10|
|52 Week Range||9.44 - 10.12|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The impact which medical cannabis can have on state health-care spending is well documented. Previously, New Frontier Data has published data about how states offering legal access to medical cannabis have lower health-care allocations. In medical cannabis states where pain is a permitted qualifying condition, pain patients represent an outsized share of program participants.
(Bloomberg) -- New Jersey sued a Nevada company for selling large-capacity ammunition magazines online to an undercover agent in violation of a cease-and-desist letter sent under the East Coast state’s strict gun-control laws.New Jersey claims in the lawsuit that New Frontier Armory LLC violated its consumer-protection laws by failing to warn buyers that magazines holding more than 10 rounds are illegal in the state. New Frontier Armory sold the agent magazines holding as many as 100 rounds, according to the lawsuit.The case is part of a crackdown by New Jersey Attorney General Gurbir Grewal, a Democrat who has argued that gun-control measures can help reign in America’s epidemic of mass shootings. There were two deadly mass shootings a month in the U.S. so far in 2019, according to a tally compiled by ABC News earlier this month. Ten people were injured in a shooting outside an Allentown, Pennsylvania, nightclub on Thursday.In March, Grewal sued a California “ghost gun” company that ships partly assembled firearms kits to buyers who can avoid background checks simply by building the weapons at home.Large-capacity magazines, or LCMs, were used in the massacres at the Pulse nightclub and Sandy Hook Elementary School, as well as the 2011 shooting in an Arizona parking lot where Representative Gabby Giffords was wounded.Such magazines “allow the owner to fire an unusually high number of bullets at a time, without ever even pausing to reload,” Grewal said in the complaint. “So violence that involves LCMs can result in more shots fired, persons wounded, and wounds per victim than other gun attacks.”The complaint includes a screenshot from the company’s website showing a cylindrical drum magazine, selling for $129.99, that holds 100 rounds for AR-15 semiautomatic rifles. The website doesn’t alert New Jersey shoppers that it’s against the law to own such items, according to the lawsuit.A person who answered the phone at New Frontier Armory in Las Vegas declined to comment on the lawsuit or give their name. The company’s lawyers haven’t yet been listed on the court docket.Read More: N.J. Outlaws Untraceable ‘Ghost Guns,’ 3-D Printed FirearmsThe case is Grewal v. New Frontier Armory LLC, C-000133-19, Superior Court of New Jersey, Chancery Division Civil (Essex County).(Adds call to firearms company.)To contact the reporter on this story: Erik Larson in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: David Glovin at email@example.com, Joe Schneider, Steve StrothFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The partnership signals a concerted move on the part of the global consulting firm to find a foothold in the establishment and standardization of the still-nascent legal cannabis market. Need more cannabis news?
New Frontier Data and PwC Canada announce today at the 2019 World Cannabis Congress an exclusive collaboration to improve the breadth and depth of the specialized cannabis data analytics, business intelligence and consulting services offered by the two firms in support of the large multinational enterprises entering the Canadian and global cannabis arena. "PwC's extensive experience in advisory services, as well as its trusted and rooted relationships with multinational blue-chip companies in Canada and around the world, presents a unique opportunity for New Frontier Data to not only continue to elevate the discussion around the emerging cannabis market, but to also materially improve the activation of its data and insights as it is leveraged by such a globally respected and recognized organization," said New Frontier Data Founder and CEO Giadha Aguirre de Carcer.
Just like last month, Father's Day provides an opportunity to examine the demographic information gathered and analyzed by New Frontier Data in the Cannabis Consumer Report and its industry-leading research into consumer archetypes, preferences, and trends. In this case, a sampling among three groups of self-reporting cannabis consumers – fathers of children under age 18, fathers of adult children, and men without children – offers comparisons to parse and better understand the shared and dissimilar usage, spending, and behavioral patterns of each. Through such analysis, some differences arise regarding fathers of children under 18 compared to the other two cohorts of men. While some variance from their older counterparts may be explained by age differences, other behaviors and characteristics remain between young fathers and their generational peers who do not have children.
Africa has seen an accelerating wave of cannabis reform over the past 24 months, much of the movement so far anchored to the south, in Lesotho's and South Africa's respectively legalized markets. Cannabis reform and regulatory deployment rely first and foremost on education and data. Policymakers in Africa simply are uncertain about what questions to ask, and which issues to address.
Coinciding with the National Cannabis Industry Association (NCIA)'s 9th Annual Cannabis Industry Lobby Days the past week in Washington, D.C., the House Cannabis Caucus and KCSA Strategic Communications sponsored a Congressional Cannabis Day Forum featuring six-panel presentations, plus a director's showing of the documentary film "Weed the People". Held in the U.S. Capitol, the event convened some 300 businesspeople, investors, research experts and legalization advocates with lawmakers and staff to discuss topics including a market overview, hemp and CBD legalization under the 2018 Farm Bill, capital markets and banking, the opioids crisis, social justice, and veterans' access to medical cannabis.
Q: I did not have time to sit through all 120 speakers scheduled for the FDA's public hearing about cannabis and CBD products on Friday, but can you share some of the key takeaways? A: While the market for CBD products has gained massive momentum in recent years, so too have questions swirled around potential safety issues revolving about marketing claims, quality standards, concentrations, drug interactions, and dosing, particularly regarding products for ingestion by humans or animals. The FDA is also interested in protecting the efforts and investments made by companies conducting research and developing products.
New Frontier Data hosted the first InterCannAlliance Africa symposium on May 24 -25, 2019 in Victoria Falls, Zimbabwe. The first-of-its-kind cannabis conference in Africa, the conference explored the implications of medical cannabis and industrial hemp legalization in Zimbabwe and across the continent. ICA founding members New Frontier Data, Hoban Law Group, Steep Hill, CohnReznick, Simplifya, theracann International, Mountain Medicine, and Cannvas MedTech each presented key insights from their respective areas of expertise into the opportunities, challenges, and risks that Zimbabwe and other countries in the region will face as they deploy regulated cannabis markets.
New Frontier Data, the authority in data analytics and business intelligence on the global cannabis industry, announces its latest report the Africa Regional Hemp and Cannabis Report: 2019 Industry Outlook ...
While Sherlock Holmes figured that out more than a century before California opened its legalized statewide cannabis market, it seems perhaps that someone missed it. State budget documents released this month by Governor Gavin Newsom cut policymakers’ cannabis tax predictions by $223 million through 2020. Industry analysts said that tax revenue from California’s inchoate cannabis program is lower than expected because of limited access to legal supply in some parts of the state, while the tax impact on price-sensitive consumers and the state’s entrenched black market are more onerous than first expected.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in […]
With some 1,200 attendees from 62 countries, it definitively had an international flavor to it. For perspective, in our new Global Cannabis Report: 2019 Industry Outlook (available for preorder here) New Frontier Data forecasts that the global market overall is worth $344 billion, of which $68 billion (nearly 20%) is associated with the European Union (EU). In some ways, the EU market is quite advanced, yet in other ways it remains in a stage of infancy.
New Frontier Data’s latest analysis, released in the Global Cannabis Report: 2019 Industry Outlook reveals a global cannabis consumer market worth $344 billion worldwide, the top five regional markets include Asia (at $132.9 billion), North America ($85.6 billion), Europe ($68.5 billion), Africa ($37.3 billion) and Latin America ($9.8 billion). Correspondingly, New Frontier Data estimates there to be 263 million cannabis consumers participating in the worldwide market. Suffice to say, the worldwide demand is massive, and understanding its vagaries and scale is critical to developing appropriate regulations which reflect the reality of this large prevailing consumer market.
In establishing its statewide legal market last year, California issued permanent annual licenses to about 100 companies which are required to comply with the California Cannabis Track-and-Trace (CCTT) system, using Franwell’s web-based Metrc software. Meanwhile, thousands of more businesses with temporary licenses are due to see those expire well before the state can finish processing either annual or provisional licenses to replace them. The state stopped issuing temporary licenses on Dec. 31, 2018, and those will all expire by July.
Q: Of course, the average consumer knows about the cannabinoids THC and CBD, but are there any others from the plant which might have value on the market? A: No fewer than 113 different cannabinoids have reportedly been isolated from the cannabis plant.
New Frontier Data estimates that there are 263 million cannabis consumers globally – 6% of the world’s adults – revealing in new detail the extent to which cannabis is used worldwide. Yet within and across ...
New Frontier Data, the authority in data analytics and business intelligence on the global cannabis industry, will hold Africa’s premier hemp and cannabis conference, The InterCannAlliance (ICA) Africa Symposium, to take place in May 2019 in Victoria Falls. “More than 30 new legal U.S. cannabis markets have emerged, each with its own unique approach and path to market,” said New Frontier Data Founder & CEO Giadha Aguirre de Carcer.
In 2018, U.S. retail alcohol sales totaled $254 billion, nearly 7x overall cannabis sales (both legal and illicit) of $37.2 billion. New Frontier Data estimates that overall domestic cannabis sales grew ...
The Cannabis Capital Conference is coming back to Toronto! Click here to learn how you can join Tim Seymour, Jon Najarian, Danny Moses, Alan Brochstein and many others. Until recently, hemp was an area of the cannabis industry generally relegated to the back burner of the legalization debate. All of a sudden, the tides have completely shifted for the global hemp industry and the place U.S. growers hold in it.
There are more than 60 nations worldwide seeking to decriminalize or legalize cannabis, mostly for medical applications. To date, New Frontier Data has observed, experienced, and studied 33 states in the U.S., and at least half a dozen nations’ new medical cannabis markets, from which we have drawn some important lessons. There are 9 Foundational Pillars required for the effective establishment of a new legal cannabis market.
With the warm, sunny backdrop of Miami Beach, the second iteration of the Benzinga Cannabis Capital Conference filled every seat with enthusiastic and proactive investors who are looking for their next ...
Between new regulations, deals, and technological developments, 2018 was biggest year yet in the history of the cannabis industry. At Benzinga’s Cannabis Capital Conference in Miami, New Frontier Data CEO Giadha Aguirre De Carcer outlined how, exactly, the industry is expected to expand in the coming years. New Frontier Data is a global data provider that reports on federal laws, local laws, customers, operators, and ancillary services to offer a holistic view of the industry.
An anticipated recommendation by the World Health Organization (WHO) calling for the international rescheduling of “marijuana” and derivative products is poised to be a watershed moment with implications to be observed throughout global markets. If an unconfirmed leak of a WHO document reported February 1 by a cannabis legalization activist and journalist* is accurate, United Nations (UN) global health experts next month will advocate for whole-plant marijuana and cannabis resin to be rescheduled from a Schedule IV classification (the most restrictive as defined within a 1961 international drug convention), and for delta-9-tetrahydrocannabinol (THC) and related isomers to be completely removed from a separate 1971 international drug treaty. The proposed rescheduling would de-emphasize marijuana and resins to Schedule I (the lowest level of international restrictions), and would remove altogether CBD having THC levels below 0.2%.
Rumors of another federal shutdown notwithstanding, 2019 is poised to be a watershed year for cannabis reform potentially enabling a $56 billion annual U.S. cannabis market by 2025. Days before United Nations global health experts from the World Health Organization recommended that cannabis and its key components be formally rescheduled under international drug treaties, Rep. Earl Blumenauer (D-Ore.) said that the “grand bargain” of federal legalization is “going to be a cumulative effect of what happens with committees moving it forward” on Capitol Hill. Meantime, in releasing its free briefing report, The State of the Cannabis Union: 2019, New Frontier Data reported that federal legalization of medical and adult-use cannabis will create $86 billion in additional U.S. tax revenue between 2019 and 2025, and enable a $56 billion annual U.S. cannabis market by 2025.