Marijuana Business News

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Tue
13
Nov

Cannabis industry is facing a shakeout, Aphria President says

There’s a shakeout coming to the Canadian cannabis industry and midsized companies may find it hardest to survive, according to the new president of Aphria Inc.

“There will be a group of companies at the top, the big producers, and some smaller producers at the bottom, like craft beer,” Jakob Ripshtein said in an interview at Bloomberg’s Toronto office. “I suspect there will be some in the middle who will be very challenged to stay around.”

Canada legalized recreational marijuana on Oct. 17 and many in the industry believe it’s headed for a wave of consolidation as companies adjust to the realities of the market.

Tue
13
Nov

Seattle company gets Washington’s first cannabis research license

The state of Washington is about to hand out its very first cannabis research license. This new license allows companies to grow and process cannabis purely for research purposes.

Verda Bio, a Seattle-based pharmaceutical company, told me they successfully received their research license and will soon be growing cannabis in their SoDo facility. The LCB confirmed that after a fee was processed the research license would be issued.

Tue
13
Nov

The cannabis cocktail trend is pretty much gone in Los Angeles

Long before adult-use cannabis consumption became legal in California on January 1, CBD cocktails were incredibly popular throughout Los Angeles. But a recent look shows that these cocktails have almost disappeared from the LA landscape, while Southern California health departments and restaurants determine how to manage shifts in the policy landscape.

Tue
13
Nov

New study on medical cannabis for pets 'will hopefully contribute to legalization everywhere'

One of the hottest topics in cannabis culture today is letting pets use pot, writes Sara Ritchie. As more people are looking for more natural treatments for their healthcare, many pet owners are hearing about the potential benefits that cannabis offers and wondering if it can be applicable for their furry friends.

Tue
13
Nov

WeedMD secures cannabis sales licence for its large scale greenhouse

WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF), a federally-licensed producer and distributor of medical-grade cannabis, is pleased to announce that it has secured a licence from Health Canada to sell cannabis cultivated at its greenhouse facility in Strathroy, Ontario. The original licence, issued under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”), was successfully migrated to a licence under the Cannabis Act and its regulations. The sales licence allows the Company to transport cannabis from its Strathroy greenhouse to its nearby indoor facility in Aylmer, Ontario for packaging and distribution to its medical and adult-use customers.

Tue
13
Nov

California: Cannabis delivery services struggle to operate legally as laws change

The cannabis industry is growing in San Luis Obispo County and many people are purchasing products from companies that deliver, but most of those companies do not yet have approval from the state.

In California, local laws dictate where and how weed can be bought and consumed. Out of the hundreds of companies in San Luis Obispo County that deliver pot for medicinal use, less than a handful are licensed by the state.

A state-regulated product goes through dozens of checkpoints and each packaging should contain the date the plant was harvested, the batch number and many other defining characteristics. Ernest Hall says he’s proud to sell clean, tested products.

Tue
13
Nov

The United Kingdom will soon have first cannabis-infused restaurant

On November 1, the United Kingdom legalized medical cannabis treatments. Adult use, however, remains under prohibition. And as happens in many cases when cannabis legalization is both popular and desired but barred by prohibition, interest is rapidly growing in the next best thing: cannabidiol, or CBD. Despite the prohibition on cannabis, hemp CBD products are legal in the U.K., as are hemp agricultural products. This creates openings for businesses to capitalize on consumer demand for cannabis with legal hemp and CBD products. And The Canna Kitchen, located in Brighton, is the first restaurant to do exactly that.

Tue
13
Nov

Cathedral City just opened SoCal’s first legal consumption lounge

The issue with legalization in California—and many other adult-use states—is that there aren’t many places to legally consume cannabis in public. Many argue this contributes to making “legalization” a scam: how is weed legal if you can only consume it in your home without consequence? One Southern California desert community is providing a solution to that problem. Cathedral City Lounge, located in the Coachella Valley, made history opening the region’s first licensed on-site consumption bar on Wednesday, October 31.

Tue
13
Nov

MediPharm Labs Corp. receives sales licence from Health Canada

MediPharm Labs Corp. (TSXV: LABS) is pleased to announce that its wholly-owned subsidiary, MediPharm Labs Inc., has received its sales licence from Health Canada (the “Sales Licence”) pursuant to the Cannabis Act. The Sales Licence relates to the Company’s wholly-owned laboratory and manufacturing facilities in Barrie, Ontario. 

Pat McCutcheon, CEO and President of MediPharm Labs, adds more cannabis oil to a large-scale evaporator that is part of the distillation process to make cannabis concentrate. Photo credit Shane MacDonald.

Tue
13
Nov

L.A. tech wave collides with cannabis

Two of L.A.'s fastest-growing sectors, tech and cannabis, have collided to get the ball rolling on innovations that likely will have a big impact well beyond the world's largest cannabis market in Southern California.

While the combination of federal law and the previously freewheeling nature of the L.A. cannabis scene kept many entrepreneurs out of the cannabis space, being in the heart of the now-regulated California and global cannabis industry is proving too good to pass up. Previously cannabis technology was a phrase synonymous with San Francisco and Denver, but the tech minds of L.A. are ready to stake their claim a bit closer to home.

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