Marijuana Business News

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Thu
14
Jul

NBA players union inks deal with Al Harrington’s CBD company

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Re+Play products, created in partnership with Toronto-based company Avicanna, will also be sold at Walmart and Amazon.

The National Basketball Players Association (NBPA) has announced a multi-year partnership with Re+Play, the performance-based wellness and recovery line founded by former player Al Harrington.

The deal makes Re+Play an official partner of the NBPA, alongside strategic partners Walmart and Amazon.

The first product release is scheduled to be a line of recovery creams, developed in partnership with the Toronto-based biopharma company, Avicanna.

Wed
13
Jul

Charlotte's Web enters employee health benefits channel in partnership with SBM, LLC.

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Launching Hemp CBD Wellness Benefits is an Industry First

Charlotte's Web Holdings, Inc. ("Charlotte's Web," "CW" or the "Company"), the market leader in full-spectrum hemp extract CBD products, is the first company to achieve formulary approval and inclusion of its products in SBM LLC's exclusive employee benefits program. Through this employer-sponsored benefit plan, US employers can now confidently provide employees and their pets with coverage and access to Charlotte's Web products as an alternative health and wellness therapy. 

Wed
13
Jul

Trump hater Snoop Dogg endorses ‘Sleepy Joe OG’ cannabis bags

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The man who made “indo” a household word thought these weed pouches were hysterical enough to share with millions of his fellow stoners

Cannabis connoisseur Snoop Dogg sure seemed to hate Donald Trump during his administration, but he just embraced one of the former president’s most famous attack lines against current POTUS Joe Biden.

The Long Beach rapper, actor, and entrepreneur used his Instagram feed on Sunday to endorse a “Sleepy Joe OG” cannabis bag. It’s decorated with Ukrainian, Chinese and Russian flags, and copy boasts, “You won’t even remember what country you are in!”

The tagline for the fake Cannabis brand reads: “Where am I?”

Wed
13
Jul

ExpendaFarms: A different kind of celebrity cannabis brand

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Santa Cruz-based ExpendaFarms is redefining what it means to be a celebrity cannabis brand.

Wed
13
Jul

Colorado Gov. announces 16 recipients of cannabis business grant

Colorado

The Colorado grant program is designed “to save small businesses money, foster equity and diversity in the cannabis industry, and create good-paying jobs for Coloradans.”

Colorado Gov. Jared Polis last week announced the first businesses to receive funding through the state’s Cannabis Business Pilot Grant.

A total of 16 aspiring cannabis retailers received the grants through a program that seeks “to save small businesses money, foster equity and diversity in the cannabis industry, and create good-paying jobs for Coloradans.”

Wed
13
Jul

What cannabis lounges could mean for the future of weed consumption

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It is likely that many more laws will be implemented before cannabis lounges take off in a major way in other states.

There is something special about a lounge experience. An intentionally designed atmosphere for strangers to meet in order to enjoy ambience and interaction is something most of us took for granted before quarantine hit. The world is back open and so are your favorite bars and cafes. In fact, there might even be a cannabis-infused meeting place coming to a community near you.

Tue
12
Jul

Cannatrek secures debt funding for Victorian cannabis venture

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Australia’s Cannatrek says it will be able to accelerate construction of its medical cannabis facility near Shepparton in Victoria after securing debt funding.

Cannatrek secured planning permission for the facility in 2019 and the following year the project was awarded Major Project Status from the Federal Government. Construction was to kick off in 2020, but then COVID happened.  It wasn’t until around March this year construction was finally able to commence.

Then in April, Victoria’s State Government announced funding for the facility from its Regional Jobs Fund.

Tue
12
Jul

Medicinal cannabis sector deserves celebration not criticism

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The latest Ministry of Health data on medicinal cannabis uptake paints a positive picture. This comes despite ongoing criticism on the availability of local products, price, and doctors’ willingness to prescribe.

Yes, challenges around access continue, but New Zealand’s newest industry is making good strides. Let’s not forget Parliament only legislated to enable a local medicinal cannabis industry three and a half years ago. The Medicinal Cannabis Scheme has been in effect for just over two years, or less than a year, if you take into consideration the transition period.

Tue
12
Jul

Hygrovest continues to diversify its investment portfolio as cannabis sector underperforms

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The company holds A$6 million of cash that will allow it to continue to diversify away from the underperforming cannabis sector.

Hygrovest Ltd (ASX:HGV) achieved some of its goals to diversify its investment portfolio, reduce its exposure to the cannabis sector and ultimately, reduce the difference between the share price and NAV, during the financial year ended June 30, 2022.

Some of HGV’s activities during the year included:

Tue
12
Jul

High Tide subsidiary Blessed CBD launches sales of hemp-derived CBD products on Amazon UK

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High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, announced today that its subsidiary, Blessed CBD ("Blessed"), has begun sales of its premium hemp-derived CBD products on Amazon in the United Kingdom ("Amazon UK"). A range of Blessed CBD products, including gummies, capsules, and balms are now available on Amazon UK, and the remaining Blessed CBD products will be listed in the coming days. All Blessed products qualify for next-day delivery through Amazon Prime. Blessed also intends to list any future SKUs that it may add to its product lineup on the Amazon UK platform.

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