Marijuana Business News

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business
Wed
25
Nov

Inside Britain’s biggest legal cannabis farm and why business is booming for CBD producers

A cannabis farm within greenhouse

The luscious green plants stretch as far as the eye can see. Row after row, lovingly tended in a glasshouse that’s roughly the same size as 34 football pitches.

Thought to be one of the UK’s largest glasshouses, the 45-acre glasshouse in Wissington, Norfolk, sits in an area known for the growing of crops, vegetables and fruit, from peas and beans to tomatoes and strawberries.

But this crop is slightly different. Once filled with tomato plants, the glasshouse owned by British Sugar is now home to hundreds of thousands of cannabis plants grown for the pharmaceutical company GW Pharmaceutical.

Wed
25
Nov

Jay-Z: Marijuana Mogul? He Joins New Cannabis Venture as Chief Visionary Officer

Jay-z

The rapper and entrepreneur has partnered with newly-formed cannabis giant TPCO that hopes to reach 90% of California consumers by 2022.

Subversive Capital Acquisition Corp., a special purpose acquisition company (SPAC) with a growing footprint in the cannabis industry, has acquired two California-based cannabis brands and named Jay-Z as the resulting holding company’s chief visionary officer, it was announced Tuesday (Nov. 24). The transaction is expected to close in January.

Wed
25
Nov

California Claims Cannabis Billboards Have Been Displayed Improperly

California flag with a cannabis bud

California just made a significant ruling that is bad for cannabis advertisers who favor the billboard format, but good for those who want to see more regulation. Apparently, officials have been allowing highway-facing billboards that should have been banned on the 2016 bill that legalized recreational cannabis. 

Wed
25
Nov

What A Biden Administration Means For The Cannabis Industry

Joe Biden and Kamala Harris

We have a presumptive new Administration entering the White House in January, despite the fact that the current Administration continues to mount legal challenges concerning the sufficiency and legitimacy of the 2020 election. However, none of these legal strategies appear to be meritorious and most importantly none have proven to bear any fruit.

Wed
25
Nov

Future Legal Cannabis States Can Learn from California's Mistakes

Golden Gate bridge

Legal cannabis continues to become a new reality in states throughout the U.S., giving lawmakers the unique challenge of installing a regulatory system on newly established marijuana markets. 

California is largely seen as the leader of the cannabis industry (both legal and illegal) due to the state industry’s size, experience, and innovative spirit. But the growing pains experienced by California’s legal cannabis market in its first four years offers essential lessons to states that are actively setting up their cannabis programs for the first time. 

Here are some issues newly legal states should tackle to ensure a smooth transition. 

Wed
25
Nov

Green Wednesday Could Produce Record Sales

A Turkey with a marijuana joint

The day before Thanksgiving¬†has a bit of a sordid history. Back in 2007, the¬†day¬†was coined ‚ÄėDrinksgiving‚Äô or ‚ÄėBlackout Wednesday‚Äô by college students flocking back home to be with family for the holidays. Unfortunately, it¬†is also a horrifically common night for drunk driving accidents, surpassing New Year‚Äôs Eve by a longshot.

Wed
25
Nov

COVID Not Expected To Hurt Holiday Cannabis Sales

Container of marijuana spilled over table

‚ÄėTis the season for America‚Äôs favorite foodie holiday, and whether turkey, tofurkey, or none of the above are on the menu, this is sure to be a Thanksgiving like no other. With Covid-19 spikes turning the U.S. map red and growing concerns about the capacity of states to handle an even higher coronavirus positivity rate if citizens choose to gather, some thought leaders in the cannabis industry are taking a stab at predicting the impact on Thanksgiving sales.

Tue
24
Nov

Cannabis Legalization: Tax Implications for New Jersey

In the Nov. 3 election, voters in New Jersey voted to legalize cannabis for recreational and/or medical use. As the¬†marijuana¬†industry continues to grow¬†generating jobs and profits in New Jersey, CPAs have been asked to provide their services to businesses that cater to the ever-growing industry‚Äďbut this is uncharted territory.

Tue
24
Nov

Precision Extraction Solutions Becomes First and Only Cannabis Extraction Equipment OEM to Achieve Compliance in All 50 States

Precision¬ģ Extraction Solutions ("Precision"), the world leader in cannabis and hemp extraction technology, today announced a strategic partnership with Pressure Safety Inspectors (PSI). Through the partnership with PSI, Precision is launching a safety and certification program that will streamline compliance when buying Precision extractors.

Tue
24
Nov

Cannabis greenhouse to take advantage of Delta RNG Project

A large scale East Ladner greenhouse which made the switch from vegetables to cannabis has deal to utilize renewable natural gas from the Vancouver Landfill.

Village Farms International Inc. announced its wholly owned subsidiary, Village Farms Clean Energy Inc., has renewed and expanded its existing contract with the City of Vancouver, which operates the landfill in Delta, under which the greenhouse receives captured landfill gas.

The plan is for Village Farm to significantly reduce its reliance on natural gas to produce CO2 in its operations, transitioning and converting landfill gas into renewable natural gas (RNG), which will also generate food-grade liquid CO2.

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