Business
Canadian Smoke Shop Player High Tide Posts Annual Revenue Up +166%
CALGARY, AB, – High Tide, a retail-focused cannabis corporation from Canada in the smoke shops market, filed its year-end 2020 financial results on March 1, 2021, the highlights of which include: Revenue increased by 118% to $24.9 million in the fourth quarter of 2020 and by 166% to $83.3 million for the year ended October ...
NASDA Joins In The Call For Raising THC in Hemp From 0.3% To 1%
AUSTIN – NASDA, is an organization that represents the Commissioners, Secretaries, and Directors of the state departments of agriculture in all fifty states and four U.S. territories. State departments of agriculture are responsible for a wide range of programs including conservation and environmental protection, food safety, combating the spread of plant and animal diseases and ...
Seth Rogen’s Houseplant Company Launched in California Selling Cannabis and Paraphernalia
TORONTO – Canadian actor, film-maker and well-known cannabis advocate, Seth Rogen announced the launch of Houseplant into the USA. Together with Evan Goldberg, his creative writing partner, announced the launch of their cannabis company Houseplant into the USA. Already in Canada, the name combines the brand's two main products: "House" goods like ceramic ashtrays and ...
Cannabis Packaging Company Humidi Launch 100% Biodegradable Packaging
LOS ANGELES, – Humidi, a cannabis packaging have announce the launch of HumidiNaturals, which they claim to be a 100% fully renewable and compostable solution servicing the cannabis market. Manufactured in the United States, Humidi will join other packaging companies pursuing recyclable packaging such as Sana Packaging. Recyclable packaging is any form of packaging that ...
TerraVida Holistic Centers Inks Agreement to Merge With Verano Holdings
JENKINTOWN, Pa. – TerraVida Holistic Center LLC, a premier, women-owned and operated medical cannabis company in Pennsylvania, is pleased to announce that it has entered into an agreement to merge with Verano Holdings Corp. (CSE: VRNO), a leading multistate cannabis operator with a portfolio that encompasses 14 U.S. states. Verano plans to expand TerraVida’s retail footprint ...
Trulieve Partners with the Thurgood Marshall College Fund to Provide College Scholarships
TALLAHASSEE – Trulieve Cannabis Corp. (CSE: TRUL), a leading and top-performing cannabis company in the United States, today announced a new partnership with the Thurgood Marshall College Fund (TMCF), the nation's largest organization exclusively representing the Black College Community. Trulieve will donate $20,000 to help fund several college scholarships awarded to students who are attending one ...
Pro-Cannabis Politicians Raising Eyebrows For Cannabis Stock Purchase Timing
WASHINGTON, D.C. – Rep. John Yarmuth of Kentucky, is the chairman of the House Budget Committee. He purchased stocks in Canopy Growth Corporation, Aurora Cannabis, and Tilray on Nov. 5, according to a filing with the Clerk of the House Representatives and as reported by the Washington Examiner. Yarmuth is the co-sponsor to H.R. 3884, ...
Humboldt Bans Hemp to Protect Cannabis Crops From X Pollination
HUMBOLDT, California. The Humboldt County Board of Supervisors voted unanimously on ban last week to protect cannabis cultivation, taxation. Their ban the growing of low-THC hemp plants went into effect Monday, creating one of the most limited hemp/marijuana rulings in one of the most friendly hemp/marijuana counties in the state. With its moderate climate and ...
Quick Guide: Everything You Need To Know About Hemp Biomass
Everything You Need to Know About Hemp Biomass Mature, female Cannabis sativa plants consist of many different constituent parts, and not all of these parts are needed to make popular, cannabinoid-rich bulk products like hemp flower and CBD extract. While these leftover components could be thrown away, it’s more sustainable to put the stalks, leaves, ...
Silo Wellness Hosts First Wellness Retreat in Jamaica
MONTEGO BAY, Jamaica — On the back of their successful capital raise of CA$4.9 million, Silo Wellness will operate it first wellness retreat in Jamaica.This expands Silo Wellness psychedelic retreats in both Jamaica and Oregon, USA. Their business plan includes mushroom cultivation in Jamaica as well as a patent-pending nasal spray that has the potential ...
MedMen Set To Report Sales and Forward Plans in 2Q Financials
MedMen Enterprises Inc. ("MedMen" or the "Company") (CSE: MMEN) (OTCQX: MMNFF), a cannabis retailer with operations across the United States, confirmed that it will release its financial results for the second quarter fiscal 2021 ended December 26, 2020, after market close on Tuesday, February 16, 2021. Following the release of these financial results, at 5:00 ...
Top Cannabis Companies And Advocacy Groups Unite To Form The U.S. Cannabis Council
WASHINGTON–(BUSINESS WIRE)–Top cannabis businesses, associations, and advocacy organizations in the United States today launched the U.S. Cannabis Council (USCC), a 501(c)4 nonprofit organization that strategically aligns and unifies its members’ collective voices to advance cannabis reform. The largest coalition of its kind, USCC will harness the resources, energy, and expertise of its founding members to ...
Virginia Cannabis Retail Sales Scheduled To Begin in 2024
RICHMOND – With 68% of Virginia’s registered voters support legalizing cannabis, the Virginian General Assembly voted Friday to allow cannabis possession, manufacture and sale. Under the bill passed by their Senate on Friday, simple possession would be legal starting in July, but retail sales would not start until 2024. Next steps see lawmakers reconciling their ...
Tilray CEO Sees US Cannabis Prohibition Ending by 2023
TORONTO – Brendan Kennedy, CEO of Canadian cannabis company Tilray, is optimistic that the United States will take steps toward federal legalization of cannabis in the near future, in statements reported today on CNBC. "I expect that pressure from the North and the South will ultimately lead the U.S. to implement a federal program here ...
MedMen Must Pay Ex-CFO At Least $500K In Legal Fees
LOS ANGELES – A California state court ordered cannabis retailer, MedMen, to pay its former CFO $500,000 reimbursement of legal fees amid his retaliatory firing suit, noting his contract covered attorney fees in any eventuality. Reports in Law360 say a California state court has ordered cannabis company MedMen to pay its former chief financial officer ...
Hawaii Cannabis Tax Proposal Plugs Budget Shortfalls
HONOLULU – 15 states in the United States have already legalized cannabis for recreational use. With Hawaiian tourism revenues vanishing with COVID, it's no surprise some Hawaii lawmakers are considering legalizing recreational cannabis. Despite years of false dawns, some of the state's top house leaders have signed on this year. The bill creates rules for ...
Social Equity Licensing Lawsuit Dropped In Massachusetts
BOSTON – A lawsuit filed by the Commonwealth Dispensary Association against the Cannabis Control Commission over new delivery regulations has been dropped. The CDA sued the CCC, arguing new regulations introducing a cannabis operator license violated the commission’s statute, G.L. c. 94G; according to reports in MassLive.com. The operator license allows for the wholesale purchase ...
How to Distribute Wholesale CBD Oil
CBD and everything else hemp-related is only becoming more popular with time, and projections suggest that the domestic hemp market is about to explode into an unprecedented period of growth based on a variety of emerging factors. With demand for hemp products increasing across multiple channels, there’s never been a better time to buy CBD ...
Are You Getting The Most Out Of Your Hemp Crop?
It’s an exciting time to be in the hemp industry, as interest in CBD and other derivatives has reached a fever pitch. Now more than ever, as businesses in the space continue to develop, it’s crucial to be as efficient as possible. From tracking the life cycle of the plant for developing top-notch SOPs to ...
Keegan Peterson, CEO of Cannabis Payroll Provider, Würk, Dies At 33
DENVER – Keegan Peterson, (pictured) CEO of Denver-based cannabis human-resources tech company Würk, has died. He was 33 years old. Peterson founded Würk in 2015, a payroll and HR-solutions company solely for cannabis businesses with more than 60 employees and clients across 33 states. “It is with great sadness that I share the news of ...
How Are Cannabis Businesses Funded In Oceania?
HCN INVESTIGATES: What is the current status of cannabis law in Australia, New Zealand, and the surrounding islands, and how is the blossoming Oceanian cannabis industry funded? Exploring Cannabis Funding Around the World — Oceania Oceania, which comprises Australia, New Zealand, and the surrounding islands, is expected to embrace both medical and recreational cannabis in ...
Is Lab-Made THC The Future Of Cannabis?
HCN INVESTIGATES: Is Cannabis sativa the only source of cannabinoids? Learn why industry experts expect recombinant cannabinoids to come to the fore over the next few years. Photo: Technician handling a variety of cannabis vape cartridges and batteries in a laboratory. PART I: The Rise of Synthesized Cannabinoids—Why Lab-Made THC And CBD Are the Future ...
Extractor Next Leaf Solutions Wins More Cannabis Patents: 2nd Biggest Cannabis Patents
TORONTO – Nextleaf Solutions Ltd. a major cannabis extractor, announced that the Canadian Intellectual Property Office has granted the Company a patent for the acetylation of cannabinoids. The patent covers a process for acetylating cannabidiol/CBD, and subsequent refinement of CBD-O-Acetate using a proprietary extraction and distillation technique. This adds to the Company's impressive haul of ...
Illinois Social Equity Applicants Wait For Promised Support
CHICAGO – Social Equity was a major component of Illinois legalization of cannabis. The state created a fund from the revenue to help those most impacted by the failed war on drug to legally operate in the market. However, those funds aren't being distributed. Through December, Illinois Department of Revenue collected more than $175 million ...
Leading Oregon Compliance Company Gets Ready for Psilocybin
PORTLAND – Hemp, CBD, THC-cannabis and now psilocybin compliance? Bring it on say compliance consulting firm Allay. They announced this week they're launching a new division focused on supporting businesses with the regulation of the newly legalized therapeutic psilocybin market in Oregon and any states that follow. Allay, founded by one of the nation’s first ...