Marijuana Business News

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Tue
24
Aug

How To Grow Clean, Pesticide-free Cannabis: Autumn Brands Farms have Ladybugs On Their Side

lady bug on a marijuana leaf

The Native California ladybug voluntarily comes to Autumn Brands, eating all the aphids in their path and helping to produce cannabis crops without the use of insecticide sprays

Tue
24
Aug

Cannabis Firm Plans South Africa IPO, Magic Mushroom Expansion

marijuana facility

Cilo Cybin Pharmaceutical Ltd. is considering an initial public offering in the next 12 months after becoming the first South African company to win the right to grow, process and package cannabis products.

The firm, named after the psychoactive substance in magic mushrooms, received the required certification from the South African Health Products Regulatory Authority. It will now be able to produce marijuana for sale to consumers around the world, founder and Chief Executive Officer Gabriel Theron said in an interview.

Tue
24
Aug

Schwazze To Buy Colorado Cultivation Grower Brow 2 For $6.7M In Cash

Schwazze (OTCQX), previously operating as Medicine Man Technologies, revealed Monday it has signed an agreement to acquire the assets of Brow 2, LLC, located in Denver, Colorado for $6.7 million in cash. The planned transaction includes a 37,000 square foot building (27,000 square feet of canopy) for indoor cultivation and equipment. (Article originally appeared on Benzinga by Nina Zdinjak)

 

This transaction continues Schwazze's aggressive expansion in Colorado and will significantly enhance the Company's cultivation resources, providing product directly to its seventeen Star Buds brand dispensaries.

The acquisition is expected to close in the third quarter of 2021 after the Colorado Marijuana Enforcement Division and local licensing approval.

Tue
24
Aug

Apple Just Ended the Marijuana Industry as You Know It – Tech and Traffic are Now More Valuable Than Weed Itself Now

holding mobile phone

The marijuana industry just changed by 360 degrees as tech companies are now buying MSOs and cannabis licenses.

The cannabis industry headlines lite up recently as software and delivery operator EAZE stepped up and bought an MSO. Ho-hum, nothing to see here, just a software and TECH company not getting bought by an MSO, but the exact opposite, a company that specializes in data and delivery buying a multi-state marijuana operation.

Let that sink in.

A technology platform backed by billionaire Peter Thiel and Privateer Holdings, just bought cannabis licenses in multiple states.  The entire deal flow of the cannabis industry has been changed forever.

Tue
24
Aug

Helping Hand For US Organic Hemp Producers

hemp leaf

The U.S. Department of Agriculture (USDA) has announced it is again pitching in with financial support for organic producer and handler certifications.

Applying not just to hemp, the Organic Certification Cost Share Program (OCCSP) will help offset the costs of obtaining or maintaining organic certification under the USDA’s National Organic Program.

“USDA is here to help all producers, including those who grow our nation’s organic food and fiber,” said USDA Farm Service Agency (FSA) administrator Zach Ducheneaux. “Many farmers have told us that cost was a barrier to their ability to get an organic certification.”

Mon
23
Aug

3 Top Cannabis Stocks to Buy for August

marijuana leaf on money

There's a small slice of the marijuana market that holds giant potential.

Key Points

  • Cannabis represents significant, untapped potential at the moment in the U.S.
  • Multi-state operators don't need federal legalization to thrive.
  • State-Hi Richlevel usage expansion can lift the MSO market to new heights.

There's little question that marijuana presents a long-term growth opportunity for investors, especially as the U.S. moves toward legalizing the substance at the federal level. 

Mon
23
Aug

Michigan AG braces for legal fight against denying unemployment benefits to cannabis consumers

marijuana bud

 

"Employers cannot control their employees’ private lives by calling the legal use of marijuana outside of work hours ‘misconduct.’"

Michigan residents who consume cannabis may be disqualified from receiving unemployment benefits if employees are shown to have cannabis metabolites in their systems when drug-tested — even if the employee consumed the drug on their personal time, and despite the fact that medical and adult-use cannabis are legal in the state.

Fri
20
Aug

Cannabis firms catch a whiff of opportunity in Brazil

marijuana plants

SAO PAULO (Reuters) – International cannabis companies are showing interest in Brazil, both its large consumer market for medicinal products and a proposal that could legalize planting of the crop.

Major producers like Colombia’s Clever Leaves and Canada’s Canopy Growth are developing and selling medicinal cannabis products to a Brazilian consumer segment estimated at 10 million to 13 million people. This results from a 2019 regulatory change allowing the import, sale and manufacturing of such products.

But permission for cultivation of hemp and cannabis in Brazil would be a bigger prize. If granted, the industry could blossom in four to five years, based on the experience of other countries such as Colombia.

Fri
20
Aug

Mississippi hemp processing plant hopes to create “Hempcrete”

hempcrete

Hemp processors working to add hemp to infrastructure

PRENTISS, Miss. (WDAM) - Hemp is a crop commonly known to be smoked. However, Mississippi’s only hemp processing plant is working on more than just ways to smoke it. They want to make a major part of the state’s infrastructure.

“We are looking at taking cement and concrete that already exists down in Mississippi and in putting hemp into,” says Eric Sorenson, owner of the processing plant. “This block here has 25% hemp in it. It makes it’s still strong, and it can be made here in Mississippi.”

Sorenson has been working with his partner, Isaiah Byrd, to create a mixture called “hempcrete.”

Fri
20
Aug

Hemp flaunts its foodie credentials at Delicious. Harvey Norman Produce Awards

hemp plant

 

The straight-laced cousin of cannabis is becoming a mainstream food product, with some impressive nutritional credentials.

Hemp is shaking off its stoner and hippy connotations and gaining a foodie following as more people come to appreciate the plant’s taste and nutritional benefits.

Having garnered widespread acceptance since the Australian Government declared it legal to sell hemp as a food in late 2017, hemp’s protein-rich seed has made its way onto supermarket shelves, and into products ranging from hemp burger patties to nut bars, beer, gin and kombucha.

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