Global Ganja Report

Small producers have long been wary of the cannabis industry coming under domination by multi-state operators with the worst practices of corporate America. But the revelations of Russian oligarch money in the coffers of leading MSO Curaleaf appear to vindicate even the most cynical observers. These follow a slew of controversies concerning product safety and labor rights at the company.

The Mediterranean island nation of Malta has become the first European Union member state to legalize cannabis. It's a seemingly unlikely candidate, and the country's powerful conservative bloc is still trying last-minute maneuvers to prevent the law from taking effect. But if Malta can pull it off, is the rest of Europe far behind?

You know the times they are a-changing when Forbes magazine runs a headline predicting that the international market for cannabis will hit $31.4 billion within the next four years. This projection is based on  a new report from the Brightfield Group, a cannabis market research firm based in Chicago. Currently, the global market is estimated to be worth $7.7 billion, but a compound annual growth rate of 60% is foreseen as countries around the world liberalize their marijuana laws.