Marijuana Business News

Warning message

The subscription service is currently unavailable. Please try again later.
Synonyms: 
stocks
business
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. 

Thu
23
Jun

The economics of legal weed don't work

hand with joint

 

Thu
23
Jun

Kandy Girl launches new app offering legal shipping services of marijuana edibles to all 50 states

bikini girl on beach

Kandy Girl, a cannabis company that has managed to skirt federal marijuana regulations by selling THC infused edibles in larger sized gummies, announced on Monday, that their app is now live on the Google Play and Apple App Store.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/8465/128622_a64a85d6b47f8816_001.jpg

The app allows consumers to purchase their edibles and checkout via credit card or Apple Pay.

The company says Cannabis consumers won't need to provide a medical card and due to the way their gummies are made, they actually contain significantly more THC than dispensary grade gummies.

Thu
23
Jun

Indian Industrial Hemp Association (Iiha) and Auriga Research Private Limited signed Mou

men

IIHA signed a MoU with India*s leading testing, inspection, certification and clinical research organization Auriga Research Private Limited at their HQ in New Delhi, India. Current President of IIHA Mr. Rohit Shah and Managing Director of Auriga Research Private Limited Dr. Saurabh Arora signed the agreement. Auriga with its PAN India presence will support and provide all data on hemp and cannabis testing and research. This agreement keeps them as a partner for next five years which is subject to extension on mutual agreement. During this tenure all samples through IIHA will be tested and compiled by a chain of laboratories under Auriga Research Private Limited exclusively.

Thu
23
Jun

Massage Envy enhances massage and skin care portfolio with CBD offerings from Charlotte's Web, The World's Most Trusted Hemp Extract™

beautiful woman

Massage Envy, the nation's No. 1 provider of massage in the U.S. collectively across its franchise network and a national leader in skincare, and Charlotte's Web Inc., (TSX: CWEB) (OTCQX: CWBHF) the market leader in innovative hemp-derived CBD wellness products, are pleased to announce the availability of premium CBD wellness products at participating Massage Envy franchised locations nationwide. Massage Envy customers are now able to add Charlotte's Web CBD Clinic™ topicals as enhancements to most massage services.

Pages

Subscribe to RSS - Marijuana Business News