Marijuana Business News

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Thu
18
Jul

West Hollywood set to get “first of its kind” cannabis café

On Tuesday, West Hollywood stepped out in front of the cannabis dining and entertainment market by approving the country’s first licensed restaurant featuring THC and CBD-infused food. Lowell Farms — a project of marijuana company Lowell Herb Co. — will also offer an open-air smoking area. While cannabis industry types and users rejoiced over the decision, not all neighbors were pleased.  

Thu
18
Jul

Oregon’s cannabis glut: Great for consumers, not so much for producers

Drivers heading north on I-5 in southern Oregon not only enjoy the region’s towering mountains and evergreen forests, they are also treated to the occasional enticement. At various points along the way, giant billboards appear, shouting out messages like “NEED WEED? Exit Here” and the succinct “MARIJUANA! This exit.”

And when motorists pull off the highway and wander into those shops, they’re finding weed at unbelievable prices. One shop offered grams of the popular Blue Dream strain for $2, and bargain-hunting buyers could walk out with an ounce for only $45. A number of other strains were also available for $100 an ounce or less.

Thu
18
Jul

The unheard voices of the cannabis social equity movement

Social equity is a tricky beast to name -- it’s all new and a little crazy in an exciting way. Those familiar with the state initiatives know that they’re far from perfect, but most of what you hear about it focuses on the process, not the people.

Since the launch of our SEED program in 2018, I’ve worked with ONE Cannabis to establish a social equity model that empowers applicants with the experience and capital necessary to realistically build out a profitable dispensary. I spend more time with these applicants than with my coworkers and lean on my background as both a rabbi and cannabis entrepreneur to bridge the cultural gap between the worlds of social equity and corporate partnership.

Thu
18
Jul

Vireo Health launches New York’s first same-day marijuana delivery service

Vireo Health of New York (“Vireo” or the “Company”), a subsidiary of Vireo Health International (CSE: VREO), a leading physician-led, science-focused multi-state cannabis company, today announced that patients living in the New York City metro area, Westchester County, and Nassau County now have access to free, same-day marijuana delivery.

Thu
18
Jul

Discover the $35bn North American cannabis market

It was recently reported that the North American cannabis market will reach $35bn by 2023, here Health Europa look at the North American cannabis market.

In 2017, “the North American legal cannabis market reached a value of more than $8bn” (~€7.86 bn). in accordance with this, it has also been argued that “the market is further expected to reach a value of around $35bn by 2023, exhibiting a CAGR [‘Compound Annual Growth Rate’] of 28% during 2018-2023.1 Can the world meet the expectations of the North American cannabis market?

Thu
18
Jul

A budding industry: CBD takes over Southwest

Steven Brown has dealt with many baby-boomers wandering into his LynLake store Nothing But Hemp thinking it was a place to buy pot. It might look and smell like it, but it’s not, as recreational marijuana is still illegal in the state of Minnesota. Brown’s store sells CBD products.

CBD, short for cannabidiol, is a compound that comes from hemp, which is a plant in the cannabis family. Another compound is tetrahydrocannabinol, or THC, which is the psychoactive chemical found in marijuana. By law, CBD contains .3% THC or less,
so users cannot get high.

Instead, CBD gives users more of a bodily feeling that some people claim can help with a variety of ailments from anxiety to migraines and other physical pain to reducing the amount of epileptic seizures.

Thu
18
Jul

Isracann looks to be a first mover in the Israeli cannabis boom

Read full article here.

In Canada, if you were one of the first companies to be granted a license from Health Canada, you would have benefited from the rising demand of legal cannabis and you would probably be worth more than $1 billion.

Having the ability to being prepared is a key trait of any successful person or business so we are not surprised by the massive increase in the number of companies competing for an Israeli cannabis license. Having an early mover advantage is extremely significant and this is especially true when it comes to the cannabis industry.

Thu
18
Jul

‘Novel food CBD will become the European standard ‘

The Novel Food classification may well become the accepted legal position for European CBD industry.

Many ‘smart’ companies are already going through the process of securing compliance. However, at a cost of upwards of £250,000 such a certification is not coming cheap. 

January’s decree by The European Union decision to classify CBD as a Novel Food was the topic of much debate at the Europe CBD Expo event at the ExCel Centre in East London.

Thu
18
Jul

'Algorithms Manage Everything': One Israeli company's mission to make marijuana growing effortless

The state-by-state legalization of cannabis has made thousands of strains legally available.

Many cannabis users still find growing their own weed appealing — and others may have the need to grow cannabis due to a lack of nearby dispensaries.

Cannabis cultivation is a meticulous process that involves more than just planting a seed or a clone and watering it regularly.

It requires special lighting, constant temperature, humidity, nutrition and many other factors to create a high-quality crop.

Luckily, there are solutions that make growing weed easier, even in the comfort of one’s home.

Thu
18
Jul

The CBD industry is betting that pets need to chill, too

Two years ago, Dingo was going to be put down. The 14-year-old basenji, in pain from arthritis in her neck and spine, could barely walk and wouldn’t eat. She suffered from anxiety and had early-stage kidney disease. Then she started taking cannabis.

Kelsey Brown, Dingo’s owner, decided to dose her with drops of CBD, or cannibidiol, three times a day, using a tincture that runs US$120 for a 1-ounce bottle. It was a last-ditch effort to ease the dog’s pain and anxiety before euthanasia became a reality. “Within a week she could actually jump on the couch again,” says Brown, a dog trainer in Mora, Minn.

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