Marijuana Business News

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business
Thu
18
Apr

Building a better cannabis brand

Something every entrepreneur in the cannabis industry goes through when planning the initial details of their company is figuring out how to best build their own brand. Brand building is an integral part of giving your cannabusiness an identity and a recognizable voice that cuts through a crowded market to reach cannabis consumers and connoisseurs.

The way you choose to build your brand influences what your customers think and how they feel about your company or product. Successfully building a brand from the ground up is a challenge, but it’s ultimately worth it to craft a unique customer experience that keeps cannabis consumers coming back for more.

Thu
18
Apr

A gap in standards leads to industry uncertainty about synthetic CBD

How do you know that the hemp-derived CBD products you have purchased came from hemp and not another source? The answer is, you do not. There are no state, federal, or industry guidelines for companies selling CBD products to disclose how they source their CBD. Facing a serious problem that threatens the mass-market legitimacy of the legal hemp-derived CBD industry, some operators are sounding their alarm.

According to some sources granted anonymity to discuss it, the Hemp Business Journal has learned how several high-profile companies in the state of Colorado have been selling products containing synthetic CBD without disclosing it to their customers.

Thu
18
Apr

The CBD pet market continues to grow

We all know the human CBD market is unstoppable, but did you know that CBD is becoming a common product in the pet care industry as well?

Thu
18
Apr

UK CBD industry totally reliant on imports

While CBD storms the global health and well-being market, there lies a frustrating paradox at the heart of the UK industry, a complete dependence on imports.

In its own domestic UK market the one million – and rising daily – CBD users are solely reliant on imports. Rebekah Shaman, chair of the British Hemp Association, says the UK needs to ease these restrictions in short shrift.

Thu
18
Apr

Germany to launch cannabis farming as Canada's Aurora, Aphria win tenders​

Germany has awarded contracts to supply domestically-grown cannabis to two Canadian companies, as it seeks to develop its own medicinal marijuana industry and reduce reliance on imports.

Drugs regulator BfArM said on Wednesday it would purchase 4,000 kg and 3,200 kg of cannabis over four years from German production subsidiaries of Canada's Aurora Cannabis and Aphria, respectively.

Another tender over a four-year harvest of 3200 kg has been delayed because an unidentified bidder who lost out is challenging the procedure with a regulator.

Thu
18
Apr

1 figure that should have marijuana stock investors concerned

When it comes to the fastest-growing industries on the planet, it's supposed to be marijuana -- and everything else. The global cannabis industry is expected to see sales expand by 38% in 2019, according to a report released earlier this year by the duo of Arcview Market Research and BDS Analytics, then hit between $50 billion and $75 billion in annual sales by the end of the next decade, up from $12.2 billion in 2018. This type of growth story usually only comes around once or twice per generation.

Note that I said "supposed" to be the fastest-growing industry on the planet. You certainly wouldn't know it right now by looking at the Canadian marijuana market.

Thu
18
Apr

Canopy to buy Acreage in US$3.4B deal, gaining major U.S. footprint

Canopy Growth Corp. (WEED.TO 9.23%) plans to acquire U.S. marijuana operator Acreage Holdings Inc. in a blockbuster deal that would create a North American cannabis powerhouse - but only when it becomes legal to do so. 

The deal, which is believed to be the first of its kind, ties up two major cannabis players in the U.S. and Canada in an arrangement that will only be consummated when ​U.S. federal law formally recognizes the states that have legalized marijuana. That milestone would allow pot companies listed on the Toronto Stock Exchange, which currently restricts issuers from owning assets in jurisdictions where marijuana isn't legal, to acquire cannabis assets in the United States.

Thu
18
Apr

Holland’s half-baked attempt to return to the marijuana vanguard

Beginning in the mid-1980s, Holland was the world’s marijuana mecca. Under the quite sensible policy of gedogen (pragmatic tolerance), Dutch authorities didn’t quite legalize marijuana but instead effectively turned a blind eye, allowing licensed retail establishments — the famous coffeeshops — to sell five grams or less of marijuana, and to let their customers consume the products onsite despite prohibition remaining on the books.

A generation of stoners made the pilgrimage to Amsterdam, getting wrecked on hash and primo nederwiet (Dutch weed) and musing fuzzily about why their home countries couldn’t be as cool about cannabis as the Netherlands. That was then.

Thu
18
Apr

These marijuana stocks have been overlooked by some investors

The marijuana industry has been quite up and down over the course of the past few months. With so many changes occurring throughout the industry, this is undoubtedly going to happen, but some stocks have managed to have less volatility than others.

These companies are making big waves in the cannabis market due to their innovation and the amount of work that they have put into building the future of the industry. Of course, there are still several factors that are changing and will continue to change in the coming months, but for now, it seems as though things are remaining with a decent level of stability.

Thu
18
Apr

Canada: Pot sales fell in February as producers hoard supply ahead of edibles launch

Canadian sales of dried cannabis flower in February declined to the lowest level since legalization, as producers continued to stock up on marijuana ahead of the launch of edibles later this year, according to Health Canada. 

Canadians bought 6,671 kilograms of cannabis in February, down about nine per cent from the prior month, and the lowest amount since the last two weeks in October when 6,415 kilograms were sold, according to data released by Health Canada late Wednesday. 

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