Cannabis Technology News

Synonyms: 
technological
tech
technology
Thu
19
Apr

California: Cannabis point-of-sale platform Green Bits raises $17 Million in series a round

Green Bits, the nation's leading retail management and automated compliance platform that helps cannabis dispensaries and retailers efficiently and legally run their businesses, today announced it completed a $17 million Series A round of financing.

Tiger Global, a New York-based investment firm focused on investing in growth oriented Internet and Software companies, led the round with participation from Casa Verde Capital, a venture capital firm focusing on the ancillary cannabis industry, and other investors.

This new round brings Green Bits' total outside funding to $19.3 million, demonstrating its continued adoption and growth within the rapidly expanding legal cannabis industry.

Thu
19
Apr

Cash-heavy cannabis industry looking for alternative Fintech banking solutions

In a world where legal cannabis is rapidly becoming more mainstream, a vexing financial issue continues to haunt the businesses and consumers taking part in this multibillion-dollar industry; namely, what to do with all that cash when federally chartered banks can't accept it and credit card companies won't touch it.

Marijuana is still a federally prohibited substance, after all, which makes businesses that handle the highly regulated plant outcasts when it comes to traditional banking methods. This aversion to risk, as defined by the banking sector, is actually a welcome opportunity for companies that cater to "high-risk" industries, such as the rapidly expanding and lucrative legal cannabis market.

Thu
19
Apr

Canada: No toking and driving until reliable roadside cannabis test available

68% of Manitobans polled agree with zero tolerance for driving with cannabis in system.

A majority of Manitobans support a zero-tolerance approach to policing drivers with even small traces of cannabis in their system, at least until scientists develop a reliable roadside test for cannabis impairment, a new poll suggests.

The Probe Research/Winnipeg Free Press poll asked Manitobans whether "it should be illegal to drive with even very small amounts of pot in your system."

Out of the 1,000 people polled, 68 per cent agreed — 51 per cent strongly and 17 per cent moderately agreed. Thirty-two per cent disagreed, 15 per cent of those strongly.

Wed
18
Apr

Healthy cannabis roots equal bigger marijuana yields

Long, white, and hairy. Healthy roots result in bigger yields for marijuana gardens.

One of the single most important factors of how well a marijuana plant will grow, and how much it can yield, is the health and strength of its root system.

Below the surface of your growing medium, the root mass is comprised of a tangled web of roots that store sugars and starches (cannabis plant food) and transport needed minerals to the plant. The marijuana plants roots are covered in millions of small hairs that absorb water and minerals from the surrounding root zone.

Tue
17
Apr

Canada: Firm sees a future in marijuana tablets

Later this week a familiar story will play out when a private medical marijuana company, Canntab Therapeutics Limited, merges with a shell, Telferscot Resources Inc., and starts trading on the Canadian Securities Exchange, thereby providing investors with yet another way to play the marijuana industry.

But this transaction is different in a couple of ways: first it will bring to an end the seven-year hunt by Telferscot — which went public in 2011 as a mineral exploration company — to find either a permanent partner or a permanent business.

Tue
17
Apr

How a cannabis company is taking a page out of the pharmaceutical playbook

In the weed world, Big Pharma is typically seen as an enemy. It’s the industry that pushed opioids over a potentially safer solution to chronic pain. It’s the industry that has scored Schedule II and III status for synthetic THC, while naturally occurring THC in cannabis plants remain in Schedule I.

Mon
16
Apr

Israel's Together gets Canadian deal for five tonnes of cannabis oil

Israel’s Together has agreed to sell 5 tonnes of cannabis oil to an unnamed Canadian company that will potentially bring revenue of hundreds of millions of shekels.

The Canadian company will buy from Together subsidiary Globus Pharma 50 tonnes of dried inflorescences of cannabis each year, which is equivalent to five tonnes of medical cannabis oil.

The two companies will also collaborate in the field of research and development and promoting technologies in the medical cannabis sector. They have estimated sales will amount to $3.17 to $4.7 per gram of inflorescence.

Mon
16
Apr

HP's retail tech integrated into US startup Flowhub's platform for legalised marijuana market

A US software startup as integrated its retail management platform with HP's point-of-sales system to help Americans quickly set up their own marijuana dispensary.

Based in Denver, Colorado, Flowhub's platform combines its own business management and transactional process tools with the new HP ElitePOS hardware.

The system is aimed at keeping new dispensaries compliant with state laws and regulations and up to date with reporting rules for the booming marijuana industry in the US.

Fri
13
Apr

House kills bill to allow eye tests for pot impairment

Unwilling to trust untested technology, state lawmakers voted Wednesday to block employers from firing workers based on their eye movements.

Current state labor law spells out the kinds of tests that companies can use to determine if current or prospective employees are impaired or under the influence of certain chemicals or alcohol. That includes testing urine, saliva, blood, breath, hair or “other substances from the person being tested.”

SB 1199 would amend that to include “eye movement data collected using software on an electronic device.”

Fri
13
Apr

CBD oil and cannabis flowers will be available in Malta sooner than you think

Malta cemented its position as a prime mover in the medical cannabis market by legalising medical cannabis recently amid moves to create a formidable industry on the island. 

Now, the first pharmaceutical agents interested in importing medical cannabis are preparing for the imminent arrival of the first batch of legal medicinal cannabis. 

In the last couple of weeks, Maltese patients looking for the medicine have came across one problem: medicinal cannabis wasn't yet available on pharmacy shelves.

Pages

Subscribe to RSS - Cannabis Technology News