Marijuana Business News

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Wed
29
Jun

Can4Med announces first shipment of medical grade cannabis for distribution in Poland

Polish flag

 

 Can4Med LLC announced today that it is expecting its first shipment of medical grade cannabis for purposes of distribution in Poland. Can4Med will distribute the products to an extensive network of pharmacy partners throughout the country.

"This significant milestone marks a major step forward in providing pharmacies and patients with regular access to cannabis for medical purposes. Can4Med is actively growing its supply contracts to provide approved products to the Polish market," said Can4Med CEO Arek Piotrowicz.

Polish legislation allows physicians to prescribe medical cannabis products to patients who can then access it through registered pharmacies. On some specific occasions, products can be covered under public health insurance.

Wed
29
Jun

Fab 5 Freddy, Curaleaf expand B Noble cannabis brand to N.J.

products

Khiron Serves Record Number of Patients With Khiron Products Globally in Its Medical Treatment Clinics

Cannabis providers B Noble Inc. and Curaleaf Holdings on Monday announced the expansion of B Noble product partnership in New Jersey.

Founded in collaboration with Fab 5 Freddy, legendary hip-hop pioneer, filmmaker, visual artist and cannabis advocate, and Bernard Noble, B Noble is a for-profit, cause-based cannabis brand. As part of Curaleaf’s corporate social responsibility program, Rooted in Good, B Noble launched in July 2021 and is the company’s first large-scale brand venture in alignment with its dedicated social equity work.

Tue
28
Jun

Top cannabis researcher predicts double-digit increase in sales on July 4th

fireworks

A top cannabis researcher is predicting that despite valid concerns surrounding inflation, sales on July 4th will generate a double-digit increase, likely racking up the highest number in sales for any day in the market this summer.

The reason for this surge? “Cannabis is a ‘sticky’ good and the market is resilient,” said Roy Bingham, co-founder and CEO of Colorado-based BDSA. “We predict that summer cannabis sales will remain steady, peaking around the 4th of July holiday.”

Also, with more people travelling and many social activities commencing after the COVID-19 restrictions of the last two years, the summer season’s festivities will be especially pronounced.

Tue
28
Jun

Branded Legacy, Inc. increases revenue by expanding in New York and Florida company adds new disposable vapes

drink

Branded Legacy, Inc. ( BLEG), a holding company focused on the commercial development of hemp and cannabinoid-infused beverages, along with an array of CBD topicals and tinctures is pleased to announce it has added two new stores to its growing list of retail locations.
Happy Cork, located in Brooklyn, NY has added the new TCH-0/Delta-8 gummies and Delta 8 Tinctures to their growing market. In addition, Transformative Acupuncture in Jacksonville, FL, will now be carrying Spikes CBDX products. They will offer all 4 of its gummies including the new THC-0/Delta-8 blend, Massage oils, moisturizers, Delta-8 / CBD tinctures, and its CryoGel. Products will be offered not only within the services of the business but also available for retail purchases.

Tue
28
Jun

Recession to wipe out weed firms trying to make ‘quick buck’

graph

With investors becoming more cautious and capital more expensive, only the strongest cannabis firms will survive a downturn in the global economy. 

Cannabis startups in Europe are facing a harder time raising capital amid recession fears and sinking stock markets, but that could ultimately help the industry. 

“This period will be really good for clearing out those who were just trying to make a quick buck,” said Alastair Moore, the founder of Hanway Associates, a research firm focused on marijuana. “That’s a good thing for the sector.”

Startups likely to survive include those that have already built strong, sustainable business models, according to Moore. That will help them keep winning over investors who are becoming more cautious, he said.

Tue
28
Jun

Relieve day-to-day stress with Five CBD

women

 

Irvine, California-based Five™ CBD is redefining full-spectrum CBD, producing nothing but the highest-quality oil, gummies, and capsules.

Shop relief and shop sleep is a promise made by Five™ CBD. The company, which produces a wide range of delicious products, delivers on that promise and ships their 5mg gummies to all 50 states. It’s a hemp-derived product that has a 5:1 CBD:THC ratio and similar effects to products any shopper would find in a local dispensary.

Tue
28
Jun

Cannabis company Wana Brands reimagines “Happy Hour” this summer

couple on beach

The popular edibles brand introduces an innovative alcohol alternative through their “Summer of Quick” campaign.

Summer is in full swing, and Michiganders are celebrating with lakeside parties, backyard barbecues… and the inevitable hangovers that follow. But one cannabis company is offering consumers a new, hangover-proof way to enhance their sunny celebrations: fast-acting, THC-infused gummies.

Fri
24
Jun

Major League Baseball to allow CBD sponsorships

baseball diamond

CBD sponsorships are now welcome for teams in the Major League Baseball (MLB) organization, which could open up many new advertisement opportunities.

The MLB stated in a conference call on June 21 that CBD is now an “approved category” which means that teams are now allowed to sell CBD sponsorships as long as the brand has received an NSF certification (a verification that a product has no THC).

According to Sports Business Journal, MLB Chief Revenue Officer Noah Garden explained the reason for the change. “We’ve been watching this category for a while and waiting for it to mature to the point where we can get comfortable with it,” said Garden.

Fri
24
Jun

The CLIMB Act seeks to boost cannabis industry financing and capital access

congress

Today, Rep. Troy A. Carter, Sr., a Democrat from Louisiana, and Rep. Guy Reschenthaler, a Republican from Pennsylvania, introduced a new bill called The Capital Lending and Investment for Marijuana Businesses (CLIMB) Act. If passed and signed into law, The CLIMB Act could give a significant boost to a cannabis industry that is currently struggling with growing pains, a lack of access to capital, difficulty in obtaining banking and other standard business services, high taxes, and a consumer base feeling the sting of inflation and the potential for a looming recession.

Fri
24
Jun

Endexx says to launch men's hemp-derived skincare line in Amazon's store

woman

"This is a natural channel extension for us to continue growing our skin care business and meet customers where they are with the products they replenish regularly," said the company's CEO Todd Davis

Endexx Corp said it has received clearance for its hemp-derived and plant-based skincare and grooming products for men in Amazon's store. 

The products are rich in plant-derived nutrients proven to support healthy skin. They have no Cannabidiol or THC in their formulation, providing a clear and compliant pathway to successful e-commerce in the Amazon seller's central platform, the company said. 

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