Deloitte's survey found that 40% of executives from the tech and telecom sectors want to invest in blockchain

The Crypto Report

Results of a survey from financial advisory company suggest that investments in blockchain research are set to increase.

A report from the Center for Technology, Media & Telecommunications found that 40% of executives from the technology and telecommunications sectors want to invest in blockchain, as per a CoinDesk report.

In the first half of 2018, venture capitalists have poured around US$1.3bn into blockchain start-ups.

Deloitte forecast that revenue for blockchain companies would grow to US$2.3bn by 2021 compared with US$340mln in 2017.

In cryptocurrency news, a hydroelectric damn in upstate New York has been converted into a crypto-mining farm. The mining farm, built by a subsidiary of Dpw Holdings, will be equipped with ASIC Bitcoin mining chips, as per a Bitcoin.com report.

The Cann' Report

Global legal cannabis sales could reach up to US$57bn in sales by 2027, according to data published by Arcview Market Research and BDS Analytics.

The data predicts that sales of adult-use cannabis would make up the majority of spending, clocking in at US$38.3bn. Medical cannabis sales could reach up to US$19bn.

"The end of marijuana prohibition is in sight and what that means for this market cannot be overstated," said Arcview Group CEO Troy Dayton in a press release. "There are billions of dollars in institutional capital chomping at the bit to take advantage of this shift, but so far haven't found a major way in. This leaves a limited window for businesses to get a foothold and build value for liquidity events that might come sooner than any of us thought possible just a few months ago."

While adult-use sales are expected to surpass medical cannabis sales in North America, the reverse is expected in Europe due to its health care system covering the cost for patients.

Canadian cannabis company WeedMD Inc (CVE: WMD) reported strong revenue growth and a smaller net loss in its half-year results.

The Ontario-based company recently inked supply deals with the Alberta Gaming, Liquor & Cannabis Commission and the British Columbia Liquor Distribution Branch.

In other Canadian cannabis news, Crop Infrastructure Corp ( ) announced its tenant grower will begin commercial production at its Washington state facility.

The first harvest is expected within the weeks and full-scale production is forecast to begin in September.