Baby boomers and millennials can’t agree on anything: the economy, social values, and smoking cannabis. Not whether or not they should consume the plant — boomers now smoke more cannabis than high schoolers — but how, when and where and everything in between. These differences in opinions were seen in a recent survey by Verilife dispensaries, which […]
Industry News
Cannabis cravings: A new study addresses why it happens
We now have a better understanding of why cannabis users crave the herb — and it has a lot to do with brain connectivity. Published in the journal of Human Brain Mapping, a May study found secrets to the underlying brain networks in long-term cannabis users and why certain users experienced cravings. Dr. Francesca Filbey, PhD, professor […]
Cresco Labs Announces Appointment of Carol Vallone to its Board and the Retirement of Brian McCormack
PRESS RELEASE CHICAGO–(BUSINESS WIRE)– Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company”), one of the largest vertically integrated multistate cannabis operators in the United States, today announced additional actions in board refreshment and corporate governance to further strengthen its leadership in the cannabis industry. Appointment of Carol Vallone Cresco has appointed Carol Vallone to its […]
BevCanna and Argentia Gold to bring line of cannabis-infused beverages to the Atlantic provinces
BevCanna Enterprises Inc (CSE:BEV) (OTCMKTS:BVNNF), a dominant player in the infused cannabis beverages industry, said Thursday that it has finalized a deal with Maritime-based licensed cannabis producer Argentia Gold Corp to exclusively represent BevCanna’s line of cannabis-infused beverages in Newfoundland, Prince Edward Island (PEI) and New Brunswick. The two companies have signed a definitive agreement […]
How CO HB1090 Cements Importance of Due Diligence in the Cannabis Industry
Colorado House Bill 19-1090 has dramatically altered cannabis business ownership and investment across the Centennial State. Prior to its passage in late 2019, ownership in a Colorado marijuana business was limited to private companies of 15 or fewer individual owners. Regardless of an individual’s percentage of ownership or control, every owner was required to pass […]
Cannabis producer Aphria posts bigger-than-expected loss
Canadian pot producer Aphria APHA.TO, <APHA.O> on Wednesday posted a bigger-than-expected quarterly loss and took impairment charges on some foreign assets, as coronavirus-related lockdowns disrupted tourism and supply chains. U.S.-listed shares of the company fell about 4% in premarket trading. Lack of profitability has been a major concern for cannabis investors as companies have largely failed to […]
Proposed Cannabis Standard Presents Strategies for Post-Harvest Laboratory Analyses
PRESS RELEASE W. CONSHOHOCKEN, Pa., July 28, 2020 – A proposed ASTM International standard will establish sound sampling strategies for post-harvest flowers, leaves, and other cannabis or hemp biomass. ASTM’s cannabis committee (D37) is developing the proposed standard. The proposed standard (WK64336) will provide protocols to ensure that statistically representative samples relative to the batch […]
New normal means new challenges for cannabis companies
For the cannabis industry specifically, our new norm means a business environment in which pandemic health concerns are here to stay, as are the effects on staffing and customer interactions. Cannabis sales may be rising in general, and the industry has secured an “essential” business status to stay open as other businesses such as bars […]
The Battle for Shelf Space in the Cannabis Industry
As the number of cannabis products continues to skyrocket, the battle for shelf space in cannabis retail and medical dispensaries across the United States gets exponentially fiercer. Already in California and Nevada, some retailers are charging marijuana manufacturers $500 to $15,000 per month for premium shelf space. Charging fees to manufacturers in exchange for retail […]
Chicago-based Grassroots Cannabis sold in $830 million deal
An $830 million deal to acquire Grassroots Cannabis closed Thursday, upending a trend of failed multimillion-dollar acquisitions of Chicago-based marijuana companies. Grassroots, which has a cultivation facility in Litchfield and is affiliated with eight dispensaries around the state, was acquired by Massachusetts-based Curaleaf Holdings. The deal, announced just over a year ago, is one of […]
