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Ganjapreneur report on Washington’s (looks like) failing attempt to ban concentrates. A controversial bill that would have banned high-potency concentrates in Washington state was resoundingly rejected for the 2020 session. Activists Block Concentrates Ban in Washington. They write. The bill’s primary sponsor, Rep.
Based on 2020data from Health Canada, approximately 37% of Canadian cannabis consumers were users of vape pens, e-cigarettes, and vapourizers 1. THC concentration makes our supply of distillates even more marketable, which has been evidenced by positive feedback from licensed producer clients as well as their end-user clientele.”.
Headset reported that o n Dab Day 2020 (7/10/20) total US cannabis sales increased by 5.0% Both US and Canadian cannabis customers made sure ‘Dab Day’ lived up to its name in 2020. In both countries, concentrates had by far the strongest single-day sales growth of all product categories. on 7/10/2020.
The research findings of the study, entitled “A Cross-Sectional and Prospective Comparison of Medicinal Cannabis Users and Controls on Self-Reported Health,” was published this week in the journal Cannabis and Cannabinoid Research , Volume X, Number X, 2020. Study Findings.
was less than total sales from 2021 and 2020. Although August total medical cannabis sales is estimated because of an uncorrected IDPH data entry error, Illinois medical cannabis sales for 2022 should be around $353 million. and 2020 totals of $357,119,378.27. and 2020 totals of $357,119,378.27. Monthly Totals for 2020.
It includes the tax design, final revenue in fiscal year (FY) 2020 and estimated revenue for FY 2021, and revenue per capita generated in the same fiscal years. billion in FY 2020 from state-level excise taxes. Collections in States with Operational Markets in FY 2020 and FY 2021. Revenue FY 2020. Tax Design. Specific. $50/oz.
Many adult-use marijuana shoppers would rather stick with one type of product, such as flower or vape pens, when at the store than bring home a variety of cannabis goods, according to an analysis of customer basket compositions from 2020. Concentrates: Flower, pre-rolls. Concentrates. Concentrates.
Canadian producers have destroyed millions of packaged cannabis products and hundreds of tons of unpackaged marijuana since adult use was legalized in late 2018, according to data acquired by MJBizDaily. products such as edibles and concentrates. Those destroyed packages consisted of: 3,783,397 packages of dried cannabis. Full story.
It’s also common knowledge that, despite the hit the global economy took in 2020, cannabis is one of the only markets that not only survived, but thrived. But it’s still shocking to see just how much money Canadians spent on cannabis in 2020. And yes, we are talking about flower, not the entire cannabis industry. in sales last year.
Whatever the precise nature of the phantom sound, it often comes with a constellation of symptoms related to the disruption such a condition can bring: sleep problems, difficulty concentrating, low mood, etc. 2020, doi:10.1002/lio2.479 Zheng, Yiwen et al. 2020, doi:10.3389/fneur.2020.505995 A review of the current literature.”
In 2014 the state legalized recreational cannabis and as of 2021 has one of the highest concentrations of legal cannabis retail stores in the country, though the total number of medical cannabis patients (22,566) is relatively low compared to the state’s population. Spasms 4,937 21.9% PTSD 3,440 15.2% Nausea 2,358 10.4% Cancer 1,327 5.9%.
million, up 205% compared to Q2, 2020. According to Headset data, HaHa was the number two edibles and number three beverage brand in the state and TRENDI was the number three concentrate and number six vape brand. Along with Cookies Planet 13 are the other retail outfit on the rise. Facebook Twitter LinkedIn.
CSE:IONC)(OTC PINK:IONKF)(FRA:IB3A) (“IONIC BRANDS” or the “Company”) is a regional manufacturer of innovative cannabis consumables and concentrate extract products. Q4 2020. $. Q4 2020 Change. $. Q4 2020 Change. %. in the fourth quarter of 2020. dollars unless otherwise noted. Q1 2021 to.
HerbalGram, the acclaimed quarterly journal of the American Botanical Council, recently published its 2021 “Herb Market Report,” which included data on sales of CBD as an herbal ingredient in mainstream and natural retail channels in the United States. This was somewhat less than the nearly 37% decline seen in 2020.
The cause of legalization in Israel also received an apparent boost back in February, 2020, when then-Prime Minister Benjamin Netanyahu tweeted (at 4:20pm) that he had examined the matter and decided to support the expungement of the records for tens of thousands of Israelis charged with minor cannabis possession charges.
In October, 2019 , Health Canada began accepting applications for companies looking to produce edibles, beverages, and vaping products (concentrates), which have come to be known as Cannabis 2.0 MJBizDaily noted that after flower, the next best-selling category was extracts and concentrates, followed by edibles, which totalled only $31.9
(“WM Technology” or the “Company”) (Nasdaq: MAPS), a leading technology and software infrastructure provider to the cannabis industry, has released its first data and insights report, titled ‘Cannabis in America’. Half (50%) of cannabis consumers said their consumption has increased since the start of the pandemic in March 2020.
As a result, concentrated amounts of delta-8 THC are typically manufactured from hemp-derived cannabidiol (CBD). . Some concerns include variability in product formulations and product labeling, other cannabinoid and terpene content, and variable delta-8 THC concentrations. synthetic conversion). exposures to any substance(s).
Federal funding has also been provided to support salaries of data analysts who are working closely with PS to develop a set of standardized national indicators on drug-impaired driving, and to prepare regular reports on current issues, trends, and impacts. PS is working with the PTs and other key stakeholders (e.g., Considerations.
Eight of the laws passed in 2020 or 2021, and in seven of those states, licensing and tax collections have not yet begun. In the 2019 and 2020 fiscal years, state officials reported that revenue from the 37% cannabis retail tax outpaced alcohol tax revenue, despite the fact that many more adults consume alcohol than cannabis.
From data-related class action concerns to security disclosures and labeling issues, cannabis companies may see themselves facing class action filings. The growth of the cannabis marketplace in recent years has prompted increased litigation risks, especially regarding consumer class actions.
Coming in $1 million above the previous record-breaking month of April, retailers conducted 71,843 transactions in May, with smokable marijuana making up 59 percent of sales, while infused products and concentrates accounted for 23 percent and 18 percent, respectively. million through April, with an additional $1 million added in May. “As
There’s no doubt that the amount of information that is available about cannabis is at an all-time high – in 2020 alone, over 3,500 scientific articles were published on the topic. Research funding is also up, and all of this data influences how we see, think and hear about the plant and its effects.
A new report from New Frontier Data delves into the average number of plants that are considered to be “hot” and what the industry could look like in the near future. New Frontier Data released new data on August 5 regarding crops and how many plants have gone “hot,” or exceeded the required limit of less than 0.3 Shutterstock.
In December 2018, the Agriculture Improvement Act, also known as the 2018 Farm Bill, changed how certain types of cannabis are scheduled by removing hemp, defined as cannabis and derivatives of cannabis with extremely low concentrations of THC (less than 0.3% The basics on CBD, hemp and the 2018 Farm Bill.
In an interview in 2020, Emjay CEO Chris Vaughn said there are three keys to success in running a cannabis delivery company: great selection competitive prices getting the product to customers quickly. Launched in 2020, Tetragram is a free “smart, digital journal that helps you get the most out of medical cannabis.”. Learn More.
Acknowledged as Colorado’s biggest supplier of wholesale distillate for the consumer packaged goods (CPG) market, PurpleBee’s provides concentrates, edibles , and vaporizer companies with premium cannabinoid-rich extracts. Million Revenue in Q1 2020. million, Q1 2020 delivered a 504% increase. Schwazze Generated $19.3
Montana Initiative 190,” passed in November 2020 with a vote of 56% to 43%. Furthermore, data released by the Montana Department of Revenue indicates that statewide recreational cannabis sales remained level through the month of January – resting somewhere between $2.6 The Montana Marijuana Legalization and Tax Initiative, A.K.A.
WSDA will apply the measurement of uncertainty (+/- 0.06%) outlined in the USDA’s interim hemp rules to the reported THC concentration to determine if hemp material is in compliance with the 2018 Farm Bill. The USDA has 60 days to approve or deny the plan, so the earliest it could be implemented would be January 2020.
FDA continually asked the companies for meetings and safety data about their products containing full-spectrum hemp extract. In June 2019, CRN submitted comments to FDA with scientific data and information on CBD. In December 2019, CRN and FDA met to discuss these issues.
The Oregon Liquor & Cannabis Commission (OLCC) recently released sales data for November. November sales are down 4% year-over-year, from nearly $90 million in November 2020. The average Oregon spot price in November 2020 was $1,391 per pound versus $1,105 in November 2021, a difference of $285 per pound year-on-year.
We ended 2020 with 4,393 active manufacturing licenses. We categorize a license as a manufacturer if it fits the following description: License is for the processing (manufacturing) of marijuana-infused products, such as edibles or concentrates, but does not include cultivation or retail sale to customers (flower in, product out).
1, 2020 Effective Date for All Marijuana Products, Packaging and Labeling. Leaf Data Systems Update. 1, 2020 Effective Date for All Marijuana Products, Packaging and Labeling. On January 9, 2019 the Board approved a motion to make the effective date for all marijuana product, packaging and labeling requirements Jan 1, 2020.
In August of 2020, the American Heart Association (AHA) released a position paper titled “Medical Marijuana, Recreational Cannabis, and Cardiovascular Health: A Scientific Statement From the American Heart Association.” Based on data from a 2020 study , it is estimated that 2 million of the 89.6 for men, 1.3%
Delta-8 THC products often involve use of potentially harmful chemicals to create the concentrations of delta-8 THC claimed in the marketplace. Because these products concentrate delta-8 THC in amounts much higher than found naturally occurring in the plant, the FDA notes historical cannabis data cannot be relied upon for safety indicators.
“The introduction of the Oberon is our response to the unprecedented demand and increasing array of subcategory preferences in cannabis concentrates and extracts,” said Jack Naito, president of Luna Technologies. “As Learn more at www.lunatechequipment.com. Luna Technologies contact: Ryan Leverenz. press@lunatechequipment.com.
23 January 2020. At last week’s Westminster Forum , the FSA suggested enforcement action might start soon after Brexit Day, 31 January 2020. It’s always been present in hemp oils and seed derived products, albeit in low concentrations. 5587) that was introduced to the House fo Representatives on 13 January 2020.
Since its recreational market launch in October 2020, MTL Cannabis has emerged as one of Canada’s fastest-growing dried flower consumer brands, placing in the top five (5) in dried flower sales in most provinces. million convertible debenture issued on August 5, 2020, but no other convertible securities of the Company.
sga-2020-18s32. percent concentration of tetrahydrocannabinol (THC), the psychoactive compound in cannabis that produces a high. Recommendations provided by the audit include improving usage and implementation of data systems and developing clear procedures for inspecting and testing growers. Says the Times Union report.
Eaze Team Jan 29, 2020. To provide a picture of California’s legal cannabis marketplace, we’ve aggregated our proprietary data to illustrate the behavior of over half a million cannabis consumers who purchased via the Eaze platform in 2019. As a result, the average age of the cannabis consumer increased from 31 to 32.
in the first quarter of 2020; Beginning in January, the Company underwent a complete restructuring transaction of its debt, which was completed in the second quarter of 2021. million, up significantly from fourth quarter of 2020 revenue of $9.7 million in first quarter of 2020. million during the first quarter of 2020 and $8.2
products, containing oils, sprays, capsules, creams, and gels, all developed with scientific rigour, manufactured under GMP standards and supported by pre-clinical data. In June 2020, Avicanna made history with a shipment of hemp seeds to the United States of America by completing the first ever export of hemp seeds from Colombia.
PurpleBee’s is Colorado’s largest supplier of wholesale distillate for the CPG market, providing quality distillate to leading vaporizer, concentrates and edibles companies. SCG produces premium flower with approximately 30 strains and has won multiple Connoisseur Cup awards for select strains in 2020.
German business newspaper Handelsblatt says Stada will shortly launch ‘two flower products and intends to offer a total of five flower products and three extracts with different THC and CBD concentrations in the coming months’. More than 320,000 prescriptions were approved in Germany in 2020, and the market is growing at around 30% a year.
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