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Representatives with the United States Small Business Administration (SBA) have reaffirmed that state-licensed cannabis businesses are ineligible for financial aid opportunities because marijuana remains classified as a schedule I controlled substance. The majority of these businesses are small-to-medium in size.
The Illinois Department of Agriculture (IDOA) and the Division of Cannabis Regulation announced today an official Metrc implementation timeline for licensed cannabis businesses transitioning from BioTrack to Metrc as Illinois’ track-and-trace data system. To find cannabis-friendly events in Illinois, visit here.
Cannabis is supposed to be relaxing and fun. Report after report portends doom with headlines like “the world’s largest legal weed market is going up in smoke ” (The Economist), “California pot industry facing ‘ extinction event ‘” (SF Gate), and “ Despair in Emerald Triangle as CA legal cannabis collapses” (CalMatters).
Flora will use TruTrace’s blockchain-enabled platform for seed-to-sale tracking of its cannabis products – including integration of Applied DNA’s molecular tagging technology – to offer Flora’s customers a complete product validation and authentication solution. CSE: TTT; OTCQB: TTTSF) (“TruTrace”) and Applied DNA Sciences, Inc.
HERBL , California’s largest cannabissupplychain solutions company, today announced its acquisition of Blackbird , a premier cannabis distributor and direct-to-consumer software solutions company based in Nevada. blackbird Logo. blackbird Logo.
Australia Cannabis Q&A A. Is cannabis legal for business purposes in Australia? Growing cannabis for personal use remains illegal in most Australian states and territories. Industrial hemp (low-THC cannabis) is regulated under separate licensing frameworks in most Australian jurisdictions.
Since COVID-19 rocked the economy, cannabis businesses and supplychains claim to have been playing catch-up to get back to business as usual. However, the question remainsjust how bad has inflation been affecting cannabis prices, cannabis business closures, and jobs in the cannabis sector?
A strong supplychain is essential to the success of any business, but building a supplychain in the cannabis industry presents unique challenges. One of the biggest challenges is finding cannabis license holders to build a strong and reliable supplychain.
British medical cannabis company Grow announced today that it has acquired a major medical cannabis production facility in Spain – a move which transforms Grow into an integrated cannabis production, R&D, and distribution company. million within an hour of the crowdfund opening publicly.
If you thought there was no relationship between cannabis use and technology, consider these stats: the average number of mobile apps being used in a day by current cannabis users are 4. However, the costs of conducting a full-scale clinical trial can be prohibitive, posing barriers to research for cannabis companies.
In the midst of the COVID-19 pandemic, 31 states declared some form of cannabis to be “essential.” If last summer’s vape scare taught us anything, it’s that politicians will pull the plug on the cannabissupplychain if it is believed to be a vector for COVID-19 transmission. At least until now. .
The organization has, they say, ……evaluated patient access, affordability, equity, and product safety. With a decline in legislative improvements in state medical cannabis programs, millions of patients are left with limited or no access,” ASA Executive Director Debbie Churgai said. “It Pennsylvania State Rep.
A consistent modus operandi for Illinois News Joint has been to incorporate cannabis and academia to help speed up the path to normalizing the plant. In May, we hosted the Academic Cannabis Conference in Carbondale. Oakton College , located in Des Plaines, has been on the forefront of a similar mission to combine cannabis and academia.
But for cannabis brands, building consumer trust is especially difficult due to the complex nature of the industry. Since legal cannabis is a relatively new business — and still isn’t available in every U.S. A new approach to cannabis distribution. No brand can survive without consumer trust.
For many organizations in legalized cannabis – particularly SaaS and B2B product providers – 2021 feels like the year in which the momentum of the last several years culminated in significant growth. Co-founder and CEO Alen Nguyen launched MainStem because he saw a marked gap in the corporate cannabis industry.
Akerna (Nasdaq: KERN ), an enterprise software, leading compliance technology provider, and developer of the cannabis industry’s first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform®) today announced the release of its second annual mid-year review. You can access the report here. About Akerna.
LONDON–(BUSINESS WIRE)–Curaleaf International (formerly EMMAC Life Sciences Group), (“Curaleaf International”), Europe’s largest vertically integrated cannabis company, is pleased to announce the launch of its second range of medical cannabis flower products for the UK market.
Perth-based medicinal cannabis producer Little Green Pharma (ASX: LGP) has taken delivery of the first shipment of cannabis flower medicines from its new growing facility in Denmark. Cannabis flower is frequently prescribed as a breakthrough pain treatment or to assist with sleep, due to its rapid onset of therapeutic benefit. “To
During the 2018 legislative session, state representative Jim Lucas (R-69) introduced his first medical cannabis bill, HB 1106, which quickly gained three co-authors after being assigned to the House Public Health committee.
Delegates at the 114th NAACP National Convention unanimously voted to adopt an amendment reiterating its support for cannabis reform. The new amendment also emphasizes teaming up with labor unions to secure protections for cannabis industry employees. In past years, the NAACP endorsed various measures aimed at decriminalizing cannabis.
As debates heat up over recreational cannabis, all eyes turn to Ohio and its potential legalization. Once strictly prohibited nationwide, cannabis legislation has evolved remarkably across the U.S. For Ohio, sitting on the fence is becoming less tenable as neighboring states greenlight cannabis sales. in recent years.
This burgeoning industry encompasses a wide range of activities, including cultivation, processing, distribution, and retail sales of medical cannabis products. Demographic shifts also play a role, with older adults increasingly turning to medical cannabis for pain management and symptom relief.
Recreational cannabis is not legal in Poland and the plant is still legally considered a narcotic. Poland established a medical cannabis program in 2017, which allows for a range of cannabis products to be prescribed for a range of medical conditions. Poland and cannabis. Possible penalties for cannabis.
There are a few governments that are taking the first tentative steps towards legislation that allows for adult cannabis use (at least on a trial basis). June saw two political parties in Portugal – Left Bloc and Liberal Initiative – each present proposals for the legalisation of adult-use cannabis. Seven Potential Candidates.
Here’s the press release… Elisabetta Faenza has been elected to the UK-based Cannabis Industry Council (CIC) Board and has been selected to Chair its Standards Group. Patient access.
As a law firm that has been helping cannabis businesses succeed since 2010, we couldn’t be more excited. The international market is taking form and access to banking services is expanding. This looks like a great decade for cannabis. Ernest Small, a research botanist who began studying and writing about cannabis in the 1970s.
A South African company has started importing medical cannabis flowers into the UK for the very first time, it has been announced. MedCan, a GMP certified and fully licensed indoor cannabis cultivation facility in South Africa, have imported a product called Isando, which is a high THC flower containing 16.1%
“We’re excited to bring on the best talent as we continue to expand our team to meet unprecedented demand from both cannabis and mainstream brands,” commented Chad Bronstein , Founder and CEO of Fyllo. Mainstream brands also use the Fyllo Data Marketplace to target previously inaccessible cannabis and CBD consumers.
Illinois is set to switch its cannabis seed-to-sale tracking system after delivering a Notice of Intent to award a contract to a new vendor. For more Illinois cannabis industry news, visit here. To find more cannabis-friendly events in Illinois, visit here. Illinois uses BioTrack as its current track-and-trace vendor.
Mike Beaudry is founder and CEO of HERBL Solutions, California’s largest cannabis distributor and supplychain solutions company servicing more than 850 storefront and non-storefront retail licensees. Company Mission: HERBL’s mission is to help make cannabis more accessible to everyone.
Front Range Biosciences® (“FRB”), a cannabis and hemp genetics platform company, announced today plans to begin a partnership with Colorado’s leading medical and adult use cannabis operator, Native Roots Cannabis Co. Native Roots has been a market-leading cannabis company in Colorado and nationally.
Continued execution of M7’s integrated B2B and B2C business model drives ongoing enhancement of California’s cannabissupplychain. M7 reports ongoing strategic review. All financial information in this press release is provided in U.S. dollars unless otherwise indicated.
Recently, I had the opportunity to moderate panels on cannabis and commercial real estate at programs held in Los Angeles and Chicago. The audience came prepared to hear about how the cannabis and commercial real estate industries were addressing some of the issues resulting from the intersection of the industries.
Durban – The Western Cape High Court has dismissed the application of a company director who made an application to decriminalise cannabis “grow clubs”. According to court papers, 344 cannabis plants and about 2.5kg of dried cannabis, valued at about R1 million, were seized.
October 17, 2018, was the day when Canada approved recreational cannabis as per the Canada Act. But it saw a loss in the market value initially and was waiting eagerly for Cannabis 2.0. . The day arrived exactly one year later when Canada saw a second wave of cannabis legalization. Cannabis Sales Doubled in 2020.
Colombian President Ivan Duque Marquez has signed a new law that would allow a much larger amount of dry flower to be exported from the country, after a high-profile meeting of Colombian cannabis business leaders with US-listed public companies. Flora Growth Ready For Expansion.
SAN FRANCISCO–( BUSINESS WIRE )– Eaze , the nation’s largest cannabis delivery marketplace, and multi-state retail leader Green Dragon are pleased to announce they have reached an agreement to provide service to customers and patients in California, Colorado, Michigan, and Florida. million in products via the Eaze platform.
Global Cannabis Company Expands SupplyChain in Europe through Agreement with Complete Hemp Technologies. The Company has worked with CHT for years to facilitate expansion throughout Europe, leveraging their strong relationships with regulators and industry leading cannabis based product capabilities. SAN DIEGO, CA, Sept.
In 2020, Glass House reported that it grew revenue 185% year-over-year to $53 million and generated positive adjusted EBITDA, driven by its expanded cultivation and distribution footprint, improved supplychain and production efficiencies, and enhanced consumer brand profile. TPCO Holding Corp. recently merged with Glass House.
Israel’s Ministry of Health Medical Cannabis Association (IMCA), locally known as Yakar, recently enacted reforms to medical cannabis regulation. These include changes to reduce barriers to patient access, specific licensing requirements for production, and expanding the number of access points approved of sale.
Cannabis is among the industries that grew during the pandemic. In fact, if there was a winner of COVID, it was cannabis. From flower and vape pens to edibles and beverages, most sectors of the cannabis industry grew in 2020 and into 2021. Cannabis sales grew 71% from 2019 to 2020 , ringing in over $18 billion.
Jushi” or the “Company”) (CSE: JUSH) (OTCMKTS: JUSHF), a vertically integrated, multi-state cannabis operator, announced the appointment of Leonardo “Leo” Garcia-Berg, a former global supplychain executive for Anheuser-Busch InBev (“AB InBev”) (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH) as the Company’s Chief Operations Officer.
Silo Wellness is also the first global psychedelics company to access the nationwide network of a large-scale distributor to reach consumers across the U.K. The Distribution Agreement cements a solid route to market for Marley One products that can keep pace with consumer demand across the region. at mainstream retail stores.
Trulieve gathered petition signatures to put recreational cannabis on Florida’s 2024 ballot, Germany released a legalization bill draft, and a bipartisan push aims to fix the Department of Defense’s hiring problem. Florida is closer than ever to making recreational cannabis a reality. and 8 p.m. Florida Rep.
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