North America

Tue
28
Jul

$6 Million Worth of Cannabis Seized At New York-Canada Border

A 45-year-old Canadian man got busted at the border last week hauling millions of dollars worth of marijuana.

The U.S. Customs and Border Protection nabbed the suspect last Wednesday on Peace Bridge, a crossing that connects Buffalo, New York to Fort Erie, Ontario. The man was driving a commercial tractor trailer, and he informed the officers that he was delivering a shipment containing articles of cement. 

Thu
23
Jul

This Is Why We Need Verified Product Reviews For Cannabis

I was reviewing cannabis brand data recently— a chart that compares price against quantity sold. In a traditional industry, it would resemble a downward-sloping demand curve.

But cannabis is not a traditional industry.

Instead of finding a simple graph, I found a hodge-podge of plot points, almost randomized, with little rhyme or reason: young brands, old brands, successful brands, struggling brands—all thrown into the messy mix.

Thu
23
Jul

United Soccer League signs a four-year sponsorship deal with a cannabis company

There will be plenty of footsy going on between the United Soccer League (USL) and CBD hemp brand Synchronicity as part of a new four-year sponsorship deal.

Functional Remedies, makers of the full-spectrum hemp oil brand, can look forward to seeing the products featured on USL stadium signage, social media channels, website and app network, according to Ganjapreneur.

Wed
01
Jul

Nearly Five Tons of Pot Seized At Canadian Border

Customs officials seized nearly five tons of cannabis last week from a truck that was attempting to cross into the U.S. at the Peace Bridge Port of Entry on New York’s border with Canada, federal law enforcement officers announced on Monday. The seizure is the third large pot bust this month at the border crossing that has seen an uptick in smuggling via commercial vehicles since travel restrictions called in response to the COVID-19 pandemic were put in place this spring.

Thu
18
Jun

Canopy Growth CEO predicts US will legalize weed in 2022

The chief executive officer of Canopy Growth said this week he expects the United States will legalize recreational marijuana at the federal level in 2022.

Speaking to CNBC’s Jim Cramer on his show Mad Money, David Klein said that the growing number of U.S. states legalizing weed will inevitably lead to broader support in Congress that will, in turn, eventually force lawmakers to remove cannabis from Schedule I of the Controlled Substances Act.

Thu
18
Jun

4 Reasons Cannabis Companies Are Moving to an Enterprise Solution

To say 2020 could be a defining year for vertically integrated cannabis companies is an understatement.

It will be. And those driving execution in this complex, regulated industry with an enterprise-level solution will prove to be the leaders. 

This year, the cannabis industry has been thrust into yet another transitional period. Legalization legislation is potentially off the table for the foreseeable future, and many are dealing with a shrinking economy for the first time. 

Thu
18
Jun

COVID-19 and closed borders haven't stopped agents from seizing cannabis

The world is beset with big problems nowadays — COVID-19 and protests over racial injustice among them — but this seems to have done little to discourage Canada Border Services Agency from seizing illicit weed.

In fact, current travel restrictions and lower traffic volumes could be giving agents more time and space to spy irregularities in shipments — even before they arrive at the border — that can trigger fulsome inspections that have resulted in some pretty sizeable seizures of late.

Fri
12
Jun

Method Man launches cannabis venture to support black business

Method Man, the actor and rapper known for his work with Wu-Tang Clan, is launching a cannabis business that aims to bring more black ownership to the industry.

Tical, named after his 1994 solo debut album, will start selling marijuana to four black-owned dispensaries as soon as this weekend, said spokesman Neal Kwatra. The company, whose name stands for “Taking Into Consideration All Lives,” has raised US$300,000 with New York-based JLS Fund for its initial launch, and aims to bring in US$3 million for a nationwide rollout.

Fri
12
Jun

Cannabis Beverage Market To Hit $1.82B By Year's End

CBD & THC INFUSED DRINKS TO BENEFIT FROM “THE LIPSTICK EFFECT” AS CONSUMERS SEEK OUT SMALL LUXURIES DURING COVID-19 LOCKDOWN AND BEYOND

Thu
11
Jun

Market research firm predicts global cannabis sales to reach $20.4 billion this year

Global cannabis sales are expected to surge 38% to $20.4 billion this year despite the coronavirus-induced recession, according to new research from Arcview Group. 

The market research company released the 8th edition of its The State of Legal Cannabis Markets report this week, which also predicted sales will climb to a whopping $46.8 billion in 2025. 

Other highlights from the report include insights and statistics on both new and established legal cannabis markets in the U.S.

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