Business

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

LOS ANGELES --The Arcview Group’s Women’s Inclusion Network joins forces with Women Empowered in Cannabis (WEiC) to develop a cohesive program that benefits members of both organizations. In 2021, Women’s Inclusion Network and WEiC will offer joint membership, access to all programs within each network, as well as reveal three unique co-hosted events in a mutually beneficial collaboration. “Together, ...

SACRAMENTO – Today, the California state cannabis licensing authorities – the Bureau of Cannabis Control, California Department of Food and Agriculture and California Department of Public Health – provided notice to the public of proposed emergency regulations to implement the provisions of Assembly Bill 1525 (Jones-Sawyer, 2020). The proposed regulations are intended to facilitate greater ...

A new study suggests that the CBD industry will grow to $20 billion by 2024. Thousands of entrepreneurs around the country have followed in the footsteps of major retail chains like Kroger, CVS, and American Eagle by offering CBD oil products in their shops, and now is the perfect time to get on board with ...

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, and other unwanted parts of hemp plants to ...

If you had known ahead of time that the domestic CBD market would explode in 2017, what would you have done differently? There’s no need to wonder—a new opportunity is now arising that could completely eclipse the CBD boom we’ve witnessed over the last few years.    Due to advanced breeding and extraction technologies, it’s ...