Gearing up for legal cannabis

Tobacco Journal International May 2024

Dried cannabis on gavel standT
he legal recreational use of cannabis
for smoking, eating and drinking has
skyrocketed in the United States in
the more than 10 years since the
state of Colorado became the first
US jurisdiction to legalise the plant for adult
recreational consumers in January 2014.1
As of 29 February 2024, some 38 states
have legalised the use of marijuana for
medicinal purposes and 24 of these (plus
the federal District of Columbia) also allow
recreational consumption. More states are
expected to follow suit this year, with liberalisation proposals under consideration in
Florida, Hawaii, South Dakota and New
Hampshire.2
As a result, analysts from Germany-based
statistical analysis service Statista said annual American sales of legal, regulated cannabis products have already exceeded USD
30 billion.3

 

Continue reading

North America market report: Weak demand and expanding regulations affect coatings industry

Polymers Paint Colour Journal April 30, 2024

Ed Zwirn, New York, Heba Hashem, Niagara Falls and Keith Nuthall report on how the North American coatings sector is struggling with weak demand and expanding regulations

The North American paint and coatings sector has been treading water as it struggles against flat demand and increasing regulatory burdens. In the USA, the paint and coatings industry has faced declining sales volumes prompted by tailwinds in the construction sector. At the same time, industry value increased slightly last year, propelled by solid margins and growth in OEM (original equipment manufacturer) purchases and special coatings sales.
Continue reading