Marijuana Business News

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Fri
19
Nov

Dan Bilzerian Exits The Marijuana Business, Pivots To Tobacco, Plans Billion-Dollar Exit

cigarettes

The saga of Ignite, Instagram celebrity-turned conservative culture warrior Dan Bilzerian’s marijuana-adjacent lifestyle brand, took a few unexpected turns in 2021.

A year removed from 2020—a rollercoaster year in which Ignite posted a $50 million loss, ventured into the legal adult-use cannabis market in Canada, and scored $1 million in free money from the federal government’s Payment Protection Plan—Ignite is now out of the marijuana game, as the company announced last month.

Fri
19
Nov

Village Farms International Reports that Delta, BC Cannabis and Produce Operations Continue as Usual Following Severe Weather Conditions

lightning

VANCOUVER, BC, Nov. 19, 2021 /PRNewswire/ - Village Farms International, Inc. ("Village Farms" or the "Company") (NASDAQ: VFF) (TSX: VFF) today reported that the Delta, British Columbia operations of both Pure Sunfarms (cannabis) and Village Farms Fresh (produce) have not incurred any disruption from the severe weather recently experienced in the region and, to date, continue to operate as usual. A previous "State of Emergency" declared for the Delta area has since been cancelled. 

Fri
19
Nov

3 Reasons Why Hollywood Stopped Making Stoner Comedies

man smoking joint

Given the talented crop of actors in Hollywood who would excel in stoner comedy roles, fans should continue to hold out hope that major movie studios will eventually reinvest resources back into this genre.

Over the course of the past several years, the lack of cult classic stoner comedies like Superbad and The Hangover have become rarities. The lack of these types of comedies is surprising, and disappointing for many moviegoers especially considering the fact that 10 years ago this genre was a force.The Hangover II grossed $581 million in global ticket sales, on just an $80 million dollar budget. Unfortunately, the writing has been on the wall for stoner comedies for a while now. Here are just a few reasons why Hollywood left stoner comedies by the wayside.

Thu
18
Nov

Global Hemp Milk Market Is Expected To Grow With The Increase In Demand For Vegan Milk Products

milk pouring

Hemp milk is prepared by the combination of hemp plant seeds (Cannabis sativa) and water. Hemp milk and other similar foods prepared from hemp seeds does not create same effects like marijuana and only contain slight concentrations of the psychotropic compound tetrahydrocannabinol. Hence its demand as an alternative for cow’s milk in coffee, smoothies, and cereal is increasing. Hemp milk is made from just seeds and water, however, commercial products contain salt, sweeteners, and thickeners as well.

Thu
18
Nov

CBD, hemp processing plant to open in Chili in late Spring

cannabis leaf with label

A groundbreaking event was held in Chili Wednesday on a new CBD and hemp processing plant.

The founders of Bad Drip CBD in Gates decided to branch out, and expand production. They say they are excited about this next phase, not only for their company but for people in the community. They say construction will be finished next May or June — bringing 45 new jobs to the area.

Wed
17
Nov

Cannabis wellness startup Awshad launches oral oil for pets

dogs

Awshad, a Delhi-based cannabis wellness startup, which recently began pan-India operations, is making a foray into the pet care segment, and has launched an oral oil for pets, the company said in a statement.  

Vijaya, a full spectrum oil for pets, which can be consumed orally or given to pets with their food, will help these animals suffering from ailments such as arthritis, anxiety, stress, digestive issues, chronic pain and cancer, the company said.   

Tue
16
Nov

"Walgreens of Weed": How Pot Law's Seedy Start Created Florida's Cannabis Oligopoly

cannabis plant

Something smells funky in Florida's medical marijuana industry — and it's not coming from a smoldering joint.

Back in 2016, an agent for the Federal Bureau of Investigation (FBI) secretly recorded Tallahassee developer J.T. Burnette — who has since married Kim Rivers, CEO of the multimillion-dollar Florida-based cannabis giant Truelieve — boasting that he and his childhood friend, then-Florida house member Halsey Beshears (R-Monticello), tweaked a cannabis bill signed into law in 2014 that governed the state's then-fledgling medical marijuana industry by cordoning off access to commercial licenses.

Tue
16
Nov

If You Invested $1,000 in Trulieve Cannabis in 2018, This Is How Much You Would Have Today

stock market numbers

Its debut on the Canadian stock market signaled a new era for this vertically integrated seed to sale leader.

A lot of the air has been let out of the marijuana market's balloon since the heady, early days of the Canadian green rush. The legalization of cannabis in Canada failed to supercharge growth in the way that was expected, and the patchwork, state-by-state efforts in the U.S. still leave pot producers caught up in a limbo of regulation and taxation that undermines their potential.

Yet one marijuana company still rises to the top despite the proliferation of competitors, and Trulieve Cannabis (OTC:TCNNF)​ remains one of the best-performing pot stocks on the market, even after seeing its own valuation cut by a third from the all-time high hit in March.

Tue
16
Nov

Pot of gold? Cannabis could bring Germany $5 billion a year - survey

german flag

Legalising cannabis could bring Germany annual tax revenues and cost savings of about 4.7 billion euros ($5.34 billion) and create 27,000 new jobs, a survey said on Tuesday as politicians thrash out rules for the budding sector.

Legalising cannabis could bring Germany annual tax revenues and cost savings of about 4.7 billion euros ($5.34 billion) and create 27,000 new jobs, a survey said on Tuesday as politicians thrash out rules for the budding sector. Chancellor-in-waiting Olaf Scholz and his centre-left Social Democrats (SPD) are in talks with the environmentalist, pro-spending Greens and the libertarian, business-friendly Free Democrats (FDP) to build a three-way coalition.

Tue
16
Nov

Here’s how Arizona is poised to become king of cannabis industry

woman posed over canyon

More than a decade ago, the seeds of a new industry were planted in the Grand Canyon State. Voters approved Proposition 203, which created Arizona’s medical marijuana program. The law allowed patients with qualifying conditions to purchase cannabis products from licensed dispensaries. To address demand for medical cannabis, the Arizona Department of Health Services (ADHS) was given regulatory powers over the nascent sector. In the years since, a robust cannabis industry has grown in Arizona within the bounds of Prop 203.

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