Marijuana Business News

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Tue
15
Sep

Cannabis Equity Applicants Still Face Barriers

The image has become familiar: presented by floor-to-ceiling shiny windows and a smiling, iPad-holding greeter, dispensaries in California look far more like an Apple Store than the smelly back alleys and strip mall parking lots where we used to buy our weed.

No longer the “devils lettuce,” cannabis is now a feature of “wellness,” and “plant medicine.” If Don Draper were real and working today, he’d certainly be pushing pot.

Mon
14
Sep

Canada: Cannabis steers healthy increase in agriculture income

Led by surging cannabis sales, farm cash receipts in the first half of the year bucked the general decline caused by the coronavirus.

Receipts of $16.7 billion increased 5.2 per cent over 2019, says the Statistics Canada report.

Without a 62 per cent increase — $685 million — in cannabis sales, farm cash receipts would have increased a mere .8 per cent.

Higher crop receipts of $1.3 billion helped offset a $629 million decline in livestock sales. The decrease was caused by market restrictions when COVID-19 broke out.

Lentil receipts tripled to $604 million with better prices and increased exports to India and Turkey.

Canola returns jumped $249 million as China increased buying and more exports elsewhere offset lost Chinese markets.

Mon
14
Sep

‘Stop the Lottery:' Protesters Demand Changes to Illinois' Cannabis Business License Process

As Gov. J.B. Pritzker appeared at a news conference Friday to announce investments to expand job opportunities in Chicago, a group of protesters showed up, demanding changes to the state's cannabis lottery process.

"The lottery is a game of chance," said Rickey Hendon, a former Illinois State Senator who led the protest. "We ain't playing no games, and we ain't taking no damn chances. He needs to fix it."

Jermell Chavis, a veteran, and a former school principal, Lamaildie Moore, were among those who didn't make the cut and showed up to request action from the governor.

"That didn't seem fair that I would have to compete with multi million dollar companies, white men that know nothing about my community," Moore said.

Mon
14
Sep

Colorado cold snap could disrupt state's marijuana industry

Early cold temperatures and snow in Colorado may have destroyed millions of dollars worth of outdoor plants, cannabis and hemp companies said.

The drop of about 70 degrees Fahrenheit (21 degrees Celsius) occurred too early in the growing season for farmers to harvest the plants, Marijuana Business Daily reports.

Jon Vaught, CEO of a cannabis biotech firm Front Range Biosciences, said the temperatures below freezing Tuesday and Wednesday combined with snow were “catastrophic for growers.”

Mon
14
Sep

How Barcode Labeling Improves Traceability & Security

One of the biggest challenges that cultivators, processors and distributors face in doing business is the requirement to track the product at every step in the production process, from seed to sale. When you add the wide range of label sizes and requirements across the supply chain, labeling can feel overwhelming. While business systems such as METRC, BioTrack, MJFreeway and others are key, integrating accurate and secure barcode labeling with those systems will streamline the end-to-end process while meeting traceability requirements. Here are some things to consider, no matter what role in the cannabis supply chain you play.

Mon
14
Sep

Maine And Missouri Hemp Plans Get USDA Nod

Maine and Missouri are the latest states to have their hemp plans approved by the U.S Department of Agriculture.

Maine Department of Agriculture, Conservation and Forestry (DACF) Commissioner Amanda Beal welcomed the announcement

“Hemp is becoming an important part of Maine’s agriculture sector,” said Commissioner Beal. “Approval of our hemp production plan means Maine’s growers will have certainty about the expectations and guidelines for hemp cultivation for the coming years.”

Mon
14
Sep

High prices holding back Ohio medical marijuana sales

A new study shows about half of Ohioans surveyed are dissatisfied with the medical marijuana program because of high prices.

About 62% of people surveyed are “somewhat dissatisfied” or “extremely dissatisfied” with the program. The study, conducted by the Ohio State University’s Drug Enforcement and Policy Center, surveyed about 400 Ohioans who were either current registered patients or could be considered potential patients for the Ohio medical marijuana program.

Fri
11
Sep

Martha Stewart Launches CBD Products

The queen of lifestyle branding Martha Stewart has launched a new line of CBD products with cannabis company Canopy Growth Corporation (NYSE:CGC.) The hemp-derived wellness supplements are inspired by some of Martha’s most popular recipes featuring Meyer lemons and blood oranges. The initial product offering will include a range of human wellness supplements, with a gift box and pet line launching later this year.

Fri
11
Sep

Pulp Fiction: Hemp Paper vs. Wood-Based Paper

Despite the fact that we’re living in the heyday of digital media, paper consumption is actually on the upswing — in the last 20 years alone, it’s risen 126 percent. About 208 million tons of paper are used worldwide each year and many of these paper products are used once and then thrown away. In the United States, for example, around 1 billion trees worth of paper is thrown out every year.

Fri
11
Sep

Oregon’s marijuana businesses face threat from devastating wildfires; 1 in 5 under some evacuation level statewide

Southern Oregon wildfires this week have plowed through small towns, leveled hundreds of homes and businesses and now threatens part of the state’s prized – and lucrative – outdoor cannabis crop.

Statewide, an estimated 20 percent of state-licensed marijuana businesses – roughly 408 – face some level of evacuation, the Oregon Liquor Control Commission said Wednesday. That includes stores, marijuana processors and producers.

Of those, the agency said 73 marijuana producers, most of them outdoor farms, have been ordered to evacuate.

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