Insights
Global CBD Market Retail Sales Jump Along With Rising Consumer Acceptance
PALM BEACH, Fla. - Due to its healing properties, the demand for cannabidiol (CBD) for health and wellness purposes is high, which is the major factor driving the market growth. In addition, the rising acceptance and use of products due to government approvals is a major factor expected to boost production for CBD-infused products. Out ...
Conor Green Donates to the National Indigenous Women’s Resource Center
CHICAGO - Conor Green Consulting LLC announced a corporate donation to the National Indigenous Women's Resource Center (NIWRC) in support of their efforts to end violence against Native Women, as well as raising awareness and fostering the prevention of Missing & Murdered Indigenous Women (MMIW). Although the end of November brings the conclusion of Native ...
HAVEN Dispensaries Feeds More Than 600 Families This Thanksgiving
LOS ANGELES - HAVEN Dispensaries, with 6 locations throughout Southern California, is teaming up with several local organizations to feed more than 600 families this Thanksgiving. Through its efforts with the "HAVEN Giving Thanks Donation Event," which ran from November 3rd to November 15th, HAVEN's raised enough donations to help feed more than 600 families in its local communities. ...
Psychedelic Psilocybin Could Cut Cravings in Alcoholics
NEW YORK–Alcohol is a scourge on humanity. Alcohol accounts for about 3 million deaths worldwide annually, and there are few approved drugs to treat alcohol use disorder. Along comes Psilocybin, the active ingredient in magic mushrooms, has drawn interest as a potential remedy for the disorder in Germany. Their findings were reported in the journal Science ...
Weedmaps Releases In-Depth Study on US Cannabis Consumers
IRVINE, Calif.--WM Technology, Inc. (Nasdaq: MAPS), a leading technology and software infrastructure provider to the cannabis industry, has released its first data and insights report, titled ‘Cannabis in America’. This report shares current data and insights indicative of the marketplace, cannabis industry trends, cultural revelations, and the persistent questions at the center of the cannabis ...
Pharmaceutical & Hemp Wellness Segments Of Cannabidiol Market Could See Growth Rates Through 2028
PALM BEACH, Fl.- Out of all cannabinoids, cannabidiol is used for therapeutic reasons due to the lack of psychoactive effects. In many medical applications, cannabidiol oil is used, such as anxiety and depression treatment, stress relief, diabetes prevention, pain relief, cancer symptom relief, and inflammation. Due to the increasing adoption of CBD-based products to treat ...
Hytiva® Teams Up with Shelby America, Ford Motor Company, and Others for Charity Golf Tournament
LAS VEGAS - As Hytiva's innovative cannabis solutions spread throughout the states and internationally, Hytiva® continues its commitment to corporate philanthropy through its sponsorship and support of the Electric Drive America golf tournament on Friday, November 5th, at Bear's Best Las Vegas. Presented by Gaudin Ford and co-sponsored by Shelby America®, Ford Motor Company® and ...
Arizona CEO Inspired by Mom’s Battle with Breast Cancer, Helps Grow Multi-Million Dollar Cannabis Empire
PHOENIX - An Arizona-based CEO's mother's battle with triple-negative stage 3 breast cancer inspired a move from real estate to cannabis. Four years later, she's cancer-free and he's running a multi-million dollar cannabis empire. Once she was diagnosed in 2016, Phoenix entrepreneur Andrew Bowden began searching for something to help her through treatment and it ...
Curebase, LEVEL Announced Clinical Trial to Determine Whether Cannabinoids Can Help Veterans Sleep Better
SAN FRANCISCO - Curebase, a company committed to democratizing access to clinical studies, and LEVEL, a science-driven cannabis company on cannabinoid research and innovation, announced a decentralized clinical study to determine whether cannabis can have a positive impact on sleep quality for U.S. Veterans. LEVEL is pleased to co-sponsor this study with the Veterans Cannabis ...
Phylos Partners with National Black Farmers Association and Oregon State University
PORTLAND, Ore. - Phylos®, a modern crop science company developing cannabis and hemp genetics, has committed to supplying 1 million stable and reliable hemp seeds to BIPOC farmers without capital investment. The first round of recipients were selected through targeted outreach efforts and the Oregon State University's Global Hemp Innovation Center's Hemp Equity Program. "It ...
Interest in Shopify-based Head Shop Payment Processing Increasing, According to Tower Payments
AMESBURY, Mass. - According to Tower Payments, a New-England-based payment processor, there is a noticeable growing demand for US payment processing that both allows the sale of head shop items like water pipes, and also integrates easily with Shopify. There are two main factors driving this demand. First is Shopify's reputation as a gold standard ...
First-Of-Its-Kind Research Planned In Australia On How Psilocybin Treats Anxiety
SYDNEY–Australian researchers plan the world's first study into whether magic mushrooms can help treat general anxiety. They plan to recruit participants with general anxiety disorder sometime next year. Incannex Healthcare will work with Monash University Human Research Ethics Committee to launch their second-phase clinical trial. They plan to test the medicine in conjunction with pre ...
HCN Investigates: 7 Reasons Why Cannabis Is Flourishing in Israel
TEL AVIV - Highly Capitalized investigates the rise of cannabis in Israel. Israel has been a center of research and development for cannabis since the 1960's. Although, like every other country including the USA, Israel banned the recreational use of cannabis. But, unlike other countries, they continued permitting research into the plant by their university ...
US millennials under 30 have spent $4.4 billion on cannabis in 2021
DENVER - Business intelligence from Akerna (Nasdaq: KERN), an enterprise software company analyzed the under 30 age range of cannabis consumers, a demographic that has consistently been ranked as the #2 purchasers of cannabis products in 2021. Data shows that this age range of younger millennial cannabis consumers accounted for 28.13% of all legal adult-use ...
Follow Flying Feline Superhero Cannabis The Cat to Utah’s First State Expo on Legal Marijuana Use
CHICAGO - A flying feline superhero's magic carpet lands in Utah Oct. 30 to help parents dispel myths on the use of legal cannabis. Jerry Frye, the author of two children's books and the companion coloring book, will introduce the adventures of Cannabis the Cat on the western leg of his 7,000-mile book promotion tour. ...
REPORT: Media Insider Shares Cannabis Industry Trends and Maps out Ecosystem
LOS ANGELES– Cannabis has been around and enjoyed by people since the earliest days of civilization, yet it’s been the last few years where we’ve seen and participated in what feels like the greatest leaps in cannabis evolution, research, acceptance, and marketability. That’s a bold statement but the national acceptance of states legalizing consumption, the ...
Maine’s Cannabis Industry Reports $59 million In First Year Of Sales
AUGUSTA– The Maine Office of Marijuana Policy published sales data from the first full year since adult-use sales began. Maine's adult-use cannabis industry reported more than $58 million in sales in its first year of operation. Since opening for legal Cannabis sales in October 2020, more than 788,000 transactions have been recorded. 10% of all ...
CASE STUDY: How Did DreamFields Defy Cannabis Industry Trends & Achieve 1000% Growth?
LOS ANGELES–DreamFields, a licensed manufacturer and distributor headquartered in Desert Hot Springs, CA are a fully vertically integrated, production facility and employ close to 100 people. In May 2019 the company’s flagship brand, Jeeter, did not rank amongst the top 20 pre-roll brands in California. By May 2020, Jeeter has grown to be the third ...
90% of CBD Brands Third-Party Test Their Products
TUSTIN, Calif. - While 84% of Americans are concerned about the CBD industry and its minimal level of regulatory oversight, most CBD products are third-party tested, according to an analysis conducted by industry watchdog CBD Oracle. The study, which represents 520 CBD companies and 20,000 products in the United States and Europe, also shows a ...
Study: No Rise in Youth Cannabis Use Following Legalization
LOS ANGELES–The passing of both recreational or adult-use and medical cannabis legalization laws have not led to any uptick in youth consumption of cannabis, according to data published in the Journal of the American Medical Association. Researchers analyzed data compiled from the Youth Risk Behavior Survey for the years 1993 to 2017. They reported that the adoption of ...
What’s Next for Drug Policy Reform and Psychedelics in Colorado?
LOS ANGELES– With an eye towards the 2022 General Elections, the Psychedelic Club of Denver recently hosted a panel of drug policy experts and psychedelic advocates to discuss “Exploring Ways to End the Drug War.” The panel featured leading Colorado drug policy experts, including Art Way of Equitable Consulting, Matthew Duffy of S.P.O.R.E., Kevin Matthews of ...
Understanding the Shifting Trends of State and Federal CBD Laws and Regulations
LOS ANGELES–A recent projection by Graphical Research found the North American cannabidiol market is expected to surpass $61.2 billion in size by 2027. With a growing market and hands-off approach by the Federal Food and Drug Administration, states have stepped in to protect consumer safety through laws and regulations governing the manufacture and sale of CBD products. ...
The Rise Of Debt Financing In The U.S. Cannabis Markets
EDITOR: We invited Judson Hill, VP of Business Development for Bespoke Financial Inc. to comment on his area of the industry. Since 2018, Bespoke Financial have been in operation supporting cannabis business financing. They were the first licensed commercial lender focused on the cannabis industry. We thank Mr. Hill for his contribution & insights into ...
HCN Investigates: Cannabis Funding in New York State Part 2 — The Key Players
NEW YORK–The New York cannabis industry may seem in its infancy, but medical cannabis has been legal in the Empire State since 2016. That’s plenty of time for the old money engines in New York to spin up and start strategizing the steady conquest of a market that didn’t yet exist. With the signing of ...
The State of Nationwide Cannabis Legalization: How Close Are We?
We are in a watershed moment for the cannabis plant. 37 states have legalized possession in some form, be it medical or adult use. And while it remains illegal on the federal level, those days may soon be coming to an end. On July 13th, Senate Majority Leader Chuck Schumer, along with Senators Cory Booker ...