Marijuana Business News

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business
Tue
20
Nov

The best-selling and fastest-growing cannabis brands

LeafLink has released the first LeafLink List, a ranking of the best-selling and fastest-growing brands and products on its platform, writes Alex Oleinic a Benzinga Staff Writer.

 

 

 

The Best-Selling Cannabis Brands In 2018

The top brand identified by LeafLink is dosist, a pre-filled dose pen that provides 50 or 200 doses in a recyclable vaporizing device.

In the same top brands category, the fastest-growing brand is Summit, which markets cannabis concentrates, waxes, terp sugars, vape pens, cartridges and more

Tue
20
Nov

Thinking about launching a cannabis consumer product? Here's what you should know

The cannabis industry is attracting entrepreneurs aiming to capture a slice of the market, which BDS Analytics and ArcView Market Research estimate could reach $11 billion this year and grow to $23 billion by 2022, writes Alex Oleinic a Benzinga Staff Writer.

In a short span, the industry has evolved beyond the traditional flower and into more complex branded consumer products.

Tue
20
Nov

Massachusetts mayor first in line as recreational marijuana sales begin

Massachusetts became the first state on the East Coast Tuesday to allow recreational marijuana sales, meaning tens of millions of adult consumers, including those in New York City, are now within a three-hour drive from a pot shop.

CBS News correspondent Tony Dokoupil reports from Northampton, Massachusetts, where one of two stores opening in the state is located and where David Narkewicz will welcome legal recreational marijuana as both the ceremonial first customer and the town's mayor.

"I think there's a lot going on here in trying to bring marijuana out of the shadows," Narkewicz said.

Tue
20
Nov

California: Cannabis dispensaries expecting higher sales on 'Weed Wednesday'

Thursday is supposed to be all about turkey, but Wednesday is apparently all about THC. Cannabis industry insiders are predicting a sales high as pot smokers stock up on supplies before the Thanksgiving holiday.

Shiran Shiravi, the director of consumer communications at Eaze, a company that delivers cannabis products in California, expects to handle nearly double the doobie deliveries of a typical Wednesday, based on past results.

Tue
20
Nov

Radient Technologies Inc. receives Confirmation of Readiness Letter from Health Canada

Radient Technologies Inc. (TSX Venture: RTI) is pleased to announce that it has received its Confirmation of Readiness (“COR”) Letter from Health Canada in regard to its application for an initial Standard Processor’s License (the “License”) pursuant to the new Cannabis Act regulations. This COR Letter pertains to the Company’s recently expanded Manufacturing Facility located at 4035 101 St NW in Edmonton, Alberta. Receipt of the COR Letter demonstrates that Radient has met Health Canada’s license application requirements, and is at the Confirmation of Readiness stage.

Tue
20
Nov

Invictus and GTEC join forces to capitalize on the Canadian adult use cannabis market

Consolidation has been a major theme of the cannabis industry and this is a trend that we expect to become even more significant in 2019.

Last week, Canadian cannabis producer Invictus MD Strategies (GENE.V) (IVITF) and GTEC Holdings (GTEC.V) (GGTTF) announced the signing a non-binding letter of intent, whereby Invictus would acquire GTEC in an all-share transaction valued at approximately $100 million. This was a significant announcement and the market responded favorably to this announcement.

Tue
20
Nov

Is the hemp revolution coming?

It’s been a persistent urban myth among some cannabis advocates that the Declaration of Independence and its 56 signatures were written on hemp paper. Of course, that theory has been thoroughly debunked by researchers at Monticello (Thomas Jefferson’s estate), the Library of Congress and the National Archives. The final document signed by the founding fathers at the Continental Congress in July 1776 was engrossed on parchment made from animal skin. The original rough draft, written by Jefferson and kept among the Jefferson Papers collection at the Library of Congress, has watermarks indicating it to be Dutch-made paper consisting of flax or linen rags.

Tue
20
Nov

Inside the commercial cannabis lab at Niagara College

Canada's only Commercial Cannabis Production Graduate Certificate Program is right across the border in Niagara-on-the-Lake at Niagara College.

Its lab is surrounded by an eight-foot barbed wire fence, and you have to go through three locked doors to get in if you have access. 2 On Your Side's Kelly Dudzik got an inside look at what's in the lab, and how students are being trained to become part of a growing industry.

Transcript of the lab tour:

Tue
20
Nov

Researchers think that hemp could be an additional pollen source for bees

Good news for bee fans; hemp fields may hold a worst-case cache of nutrients for hungry colonies, according to a study done by a Colorado State etymology student. Last week, Colton O’Brien presented, in a gathering of etymological societies, his discovery of a total of 23 bee genera in traps that he set up in a hemp field in August.

Tue
20
Nov

The race is on for cannabis companies to create salve for PTSD

When a major problem exists, there’s a great opportunity for a company or a segment of an industry to come in and create a solution. This is where companies go from barely known startups to culture-changing profit-generators.  And, when the problem has to do with health matters that have reached a critical mass, the opportunity for businesses to serve the greater good is even more enormous.

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