North America

Fri
16
Aug

The CBD boom is reshaping America’s farmland — but will the high demand last?

As the CBD boom continues, farmers across the country are ditching their former crops in favor of something more chill: hemp.

According to US Department of Agriculture data, the amount of farmland planted with hemp quadrupled in the past year, Quartz reports.

 

How did this all happen so fast?

Two words — decriminalization and demand.

First, the 2018 Farm Bill made hemp farming legal last year, allowing farmers to start producing hemp plants as long as they are less than 0.3% THC by dry weight.

Then, when the first CBD products appeared — mostly in pain-relieving wellness products — they were hugely successful. 

Fri
16
Aug

The future of the hemp economy

Stress can be a huge weight on many of us and having the ability to remove it with newer advancements in CBD can be very beneficial in our lives as a whole. And its use is becoming more and more common and its status in the economy is being felt. More than 1 out of every 4 Americans have tried CBD to relieve pain, stress, and anxiety, and by 2024, the CBD business as a whole is expected to reach $20 billion. The hemp market is extremely varied, showcasing its many uses from personal care to textiles to supplements and even to food – though most commonly, CBD itself, from hemp oil, is used to relieve anxiety and stress, to reduce joint inflammation, and to help with poor sleep patterns.

Fri
16
Aug

Cheers! Cannabis and its derivatives are in water, tea and beer now

Don’t look now, but behind the scenes, food manufacturers from breweries to natural foods brands are trying to get marijuana into your beverage. Or at least something like that.

AriZona Beverages — you know, the company that makes the big cans of tea sold for .99 cents that come in a bunch of flavors and taste great with a deli sandwich — announced on Aug. 6 that it’ll be entering the marijuana market. It’ll be partnering with Colorado’s own Dixie Brands, a seller of edible marijuana products, to distribute cannabis products under the AriZona label in pot shops in six states.

Fri
16
Aug

What the new Medical Marijuana Laws could mean for prescribed pain relief

Marijuana has been a controversial drug for over a century. In the early 1900s, states across America were prohibiting the use of marijuana, and in 1937, President FDR made marijuana illegal with the Marijuana Tax Act of 1937. Since then, the law was repealed and overturned, and replaced with the Controlled Substances Act. Today, however, states are turning back and issuing new medical marijuana laws that allow patients to use marijuana as a form of pain relief. Additionally, eleven states and the District of Columbia fully legalized marijuana, allowing the recreational use of the drug.

Fri
16
Aug

Here's why more THC companies are starting CBD companies

Judging from cannabis sales -- U.S. adult-use and medical-only marijuana sales reaching $8 billion to $10 billion in 2018 while cannabidiol (CBD) sales were upwards of $238 million, according to Marijuana Business Daily estimates -- consumers are extremely interested in both THC and CBD. So are business owners.

Fri
16
Aug

Pot is not for pets: Veterinarians have been reporting an increase in cannabis toxicity

You’ve heard it before, but you’re about to hear it again: If you are around children or animals, hide your weed. Or, in the case of particularly dextrous pets, lock up your weed.

Veterinarians across the country have been reporting an increase in cannabis toxicity in pets, mostly in dogs, since legalization came into force last October.

“Certainly since the legalization of marijuana products, I think every veterinarian has seen just a dramatic spike in marijuana toxicity dogs, for sure,” Cathy Hrinivich, small animal emergency care veterinarian, told CBC News.

And the problem isn’t limited to Canada.

Thu
15
Aug

7 cannabis business tips from leading marijuana retailers

Dispensaries are experiencing massive growth. By the end of 2019, retail sales are expected to top $12 billion - an increase of 35%, according to Marijuana Business. But the key to staying relevant, as well as profitable, is managing inventory.

It’s one thing to offer the best bud, but in today’s retail landscape where new brands and product categories are emerging, it’s important to stay current with shifting trends and tastes of consumers. That’s one of the key takeaways from LeafLink’s Retail Cannabis Purchasing Guide.

Thu
15
Aug

Cannabis ETF diversifies risk for investors

With the legal cannabis market expected to hit more than $66 billion by the end of 2025, many investors are ready to try to take advantage of the new sector. But with that explosive growth comes a lot of volatility and the risk of an unproven industry, two factors that can scare away many potential investors. To help manage and mitigate some of that risk, several exchange-traded funds (ETFs) have been launched to help diversify investment in the industry.

Thu
15
Aug

Can CBD treat acne?

Cannabidiol (CBD) has been praised for its robust therapeutic profile. But does this efficacy extend to dermatological conditions like acne, the most common human skin disease? 

Given its low risk of side effects, CBD appears to be a relatively safe acne therapy meriting continued attention from researchers. 

How CBD Treats Acne

A 2014 Journal of Clinical Investigation study by professor Attila Oláh reported novel evidence showing CBD’s potential to be an effective acne treatment.

The study found that cannabidiol had lipostatic, anti-tumor, and anti-inflammatory effects. 

Thu
15
Aug

CannTrust’s prospects of resuming cannabis sales dim

CannTrust’s stock took another major hit on Monday after the embattled cannabis producer disclosed it had received a second non-compliance rating from Health Canada, this time in connection to its facility in Vaughan, Ont. 

The violations at the 60,000-square-foot manufacturing facility included converting five rooms into storage areas that were used to hold cannabis beginning in June 2018 and the construction of two new areas, one of which was used to store cannabis from November 2018 onwards, all without  approval from Health Canada.

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