Marijuana Business News

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Wed
16
Feb

Charlotte's Web Exploring New CBD Beverage

view of the top of beverage cans

 

DENVER, Feb. 15, 2022 /PRNewswire/ - (TSX: CWEB) (OTCQX: CWBHF) Charlotte's Web Holdings, Inc. ("Charlotte's Web" or the "Company"), the market leader in cannabidiol ("CBD") hemp extract wellness products, is exploring the entry into the CBD wellness beverage market with new CBD social elixirs currently under development with an expected launch date later in the calendar year.

"Entering the beverage category is reflective of our increased focus on new product categories and formats to drive our topline growth," said Jacques Tortoroli, Chief Executive Officer of Charlotte's Web. "This allows us to enter this fast-growing portion of the market." 

Wed
16
Feb

Better buy: Aurora Cannabis vs. Canopy Growth

checking stock prices on mobile device

Two of investors' all-time favorite cannabis companies released quarterly results last week. Canada-based Aurora Cannabis (NASDAQ:ACB) and Canopy Growth (NASDAQ:CGC) have made investors rich in the past. Both had an early mover advantage in the Canadian medical cannabis market. However, the last couple of years have been a roller-coaster ride. Besides some of their own mistakes, external headwinds like regulatory challenges in Canada delayed the opening of legal stores, which slowed down growth for these cannabis specialists.

Tue
15
Feb

Ayr Wellness closes acquisition of Levia Cannabis Infused Seltzer

Ayr Wellness logo

MIAMI, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“Ayr” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator (“MSO”), today announced that it has closed the acquisition of Cultivauna, LLC, the owner of Levia branded cannabis infused seltzers and water-soluble tinctures.

Tue
15
Feb

Trulieve, Harborside ink separate cannabis acquisitions

shaking hands

Trulieve Cannabis Corp. TRUL, -0.93% TCNNF, -0.30% and Harborside Inc. HBORF, -5.02% HBOR, on Tuesday inked separate acquisitions.

Tue
15
Feb

Top cannabis stocks to buy now? 3 to watch for in February

stock charts

 

Are You Looking For Short-Term Pot Stocks In February?

In February the best marijuana stocks to buy have seen some upward momentum in the last few weeks. To start 2022 increasing overall market volatility pushed the cannabis sector down to reach new 52-week lows. Now, as it seems there is progress being made in the efforts to achieve federal cannabis reform more investors are watching cannabis stocks. Because of current market volatility, this could be a good time to make a watchlist of the best cannabis stocks for 2022.

Tue
15
Feb

New Hampshire rules for cannabis as a workplace accommodation

group in a meeting

A New Hampshire ruling shows some support for medicinal cannabis use in the work place.

Cannabis use in the workplace is a complex issue with many layers. While some states may have cannabis programs in place, workplace laws are a different thing entirely. In a recent case, New Hampshire voted in favor of a plaintiff, who sued a company that fired him for his medical cannabis use.

The plaintiff, Scott Paine, used cannabis as prescription medication for his PTSD. Paine worked at Ride-Away, and had to be tested for drugs regularly. He requested an exemption of drug tests when off-duty, never asking to consume cannabis on the job. Ride-Away denied Paine’s request and terminated his employment.

Mon
14
Feb

Carpinteria Cannabis Greenhouse Gets Green Light for New Odor Controls; Opponents Plan to Appeal

cannabis crop

Santa Barbara County Planning Commission approves permits for cannabis farms near Carpinteria High School.

One of the largest cannabis greenhouse projects in the Carpinteria Valley, a close neighbor of Carpinteria High School and a flashpoint in the local pot wars, had its permit unanimously approved by the Santa Barbara County Planning Commission this month, amid hopes that an emerging technology from the Netherlands will give residents some lasting relief from the “skunky” stench of pot.

Mon
14
Feb

Terrapin, JARS Cannabis launch scholarship program for minority cannabis entrepreneurs

tending to cannabis plants

GRAND RAPIDS — Terrapin Care Station and JARS Cannabis are partnering with Higher Learning Institutions to launch a year-long professional development program for minority entrepreneurs looking to get into the cannabis industry.

The Cannabis Community Social Equity Scholarship will be available to 20 people. Anyone can apply, but applicants will be prioritized if they are from a community that has been disproportionately affected by cannabis prohibition, they have marijuana-related convictions, or have been registered as a primary caregiver in Michigan.

Fri
11
Feb

Medical cannabis one step closer to law, South Carolina farmers to get priority over out-of-state companies

cannabis growing

The medical cannabis bill poised to pass the South Carolina Senate would prioritize existing hemp farmers in the state for certifications to grow marijuana.

Janel Ralph is the CEO of ReBotanicals, one of the first hemp farms in South Carolina. She got involved in the cannabis business because of her daughter, who has a rare, debilitating condition.

“Modern medicine had failed her,” Ralph said.

“There were no more pharmaceuticals we could give her. They ran out of options, so we did a Hail Mary.”

Judy Ghanem’s 16-year-old daughter Kira has autism and is non-verbal. 

“She has extremely aggressive behaviors; not all the time, but it’s definitely affecting her quality of life,” Ghanem said.

Fri
11
Feb

WA cannabis bill seeks to make industry more diverse, equitable

black business people

Jim Buchanan is more than ready for change.

A second-generation Seattleite, cannabis retailer and entrepreneur, he is also president of the Washington State African American Cannabis Association and has spent months fighting for House Bill 2022, a bill that would make sweeping changes to Washington state’s cannabis industry.

The bill is the latest in a series of legislation intended to increase social equity and racial diversity in the cannabis trade.

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