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(CSE: MXT) (OTCQB: MXTTF) aims to address these problems by pairing biometric interviews with brainwave data to create a proprietary mental health reference database. Using machine learning algorithms and qualified practitioner input, the company is leveraging that data to build tools that deliver digital diagnostic opinions.
Greg Kaufman of Eversheds Sutherland outlines the key provisions and urges lawmakers to consider data collected at the state level to get it right. In practice, Section 280E does not allow state-level legal cannabis businesses to deduct ordinary business expenses when determining gross income from the sale of inventory.
Cannabis legalization is expanding at a rapid clip into states not usually associated with large scale marijuana cultivation. This includes Midwestern states like Michigan and Illinois that don’t benefit from year-round sunshine like California, for decades the cannabis cultivation powerhouse of the United States.
Editor’s Note: This following blog is an excerpt from an article that appeared in the March/April 2019 issue of Terpenes & Testing Magazine. View the full article. . Whole Genome Data. When it comes to sequencing your cultivar’s genetics for IP purposes, the more data the better. Publish to the Blockchain.
Let’s take a closer look at five key ways big data and technology are directly impacting the industry. Big Data Streamlines the Marijuana Regulatory Process and Helps Close the Scientific Research Gap. Therefore, the growing marijuana market lacks the clinical data needed to help marijuana businesses create new and better products.
This article by Cannabiz takes a look at what’s happening and suggests some solutions. Regulations passed leading up to opening the state’s adult-use market in 2018 allowed large businesses to exploit a loophole and obtain as many cultivator licenses as they could afford. Here’s a snippet.
READ MORE: The ‘Dudders’ Case or: How Legalization Opened the Door for Cultivators to Embrace Science . billion in total cannabis sales thus far in 2021 (according to New Frontier Data). View original article. The post HEXO Achieves Carbon Neutrality – Cannabis Business Times appeared first on SpeedWeed.
For this post, I want to focus on the where the new cultivation licenses have been issued, what it means for the total number of licenses, and what might it translate into in terms of expanded canopy size. Through the end of May, 3,278 new cultivation licenses were issued in 14 states. View original article.
Big data and technology have become critical to a wide variety of industries in recent years, and the cannabis industry is no exception. Today, databases, predictive analytics, artificial intelligence , and machine learning are having widespread effects on cannabis businesses, investors, regulators, and consumers. Met consumer demands.
What are investors looking for when they consider investing in cannabis businesses today, and what are the biggest mistakes companies make when trying to attract investors and secure funding? What Cannabis Business Investors Want. Other top considerations included the business plan, past performance, and future potential.
WHILE Italy is both one of the earliest and largest medical cannabis markets in Europe, new data has revealed the ongoing inability of its system to ‘serve patients’ needs’. Read full article. The Italian Military’s Monopoly On Medical Cannabis Production Is Strangling Market Growth New Data Suggests. Undersupply.
There are five important “categories,” that require company leaders’ utmost focus and attention as they launch a compliant cannabis business in a newly legal state. Non-compliant businesses face the risk of being shut down and attract negative attention to the cannabis industry. Cutting across these categories is the team. Real Estate.
Researchers from Colorado State University set out to rectify this situation by determining the exact carbon footprint of the average indoor cultivation facility. . And to account for the variation in temperature and humidity across the country, the scientists created a weather model based on a whole year’s worth of meteorological data.
As of start of business Wednesday, September 1, the Commission reported licensees have generated $844 million since January 1, already making 2021 a record sales year thus far. And despite being closed for two months in 2020 due to the COVID-19 public health emergency in Massachusetts, 89 Marijuana Retailers generated $714.1
Editor’s Note: This article has been adapted from Chapter 2: Grow Rooms Today: A New Dawn from Getting Grow Rooms Right, written by Geoff Brown, Quest’s VP of Technical Solutions, and Dan Dettmers, Quest’s Applications Engineer. The issue is not necessarily knowledge related to cultivation. Lack of Experience Across Multiple Domains
From July 2017 to June 2018, the state saw $529,851,245 in taxable medical and adult-use cannabis sales, a figure that has steadily increased to $719,216,651 during the current fiscal year, which includes sales data from July 2020 to March 2021, according to the Nevada Department of Taxation. They’re flexible and ready to pivot.”.
For years, research has proven that content published by businesses on Instagram can directly lead to increased brand awareness, word-of-mouth marketing, and sales. According to Instagram’s own data, 90% of users follow a business on the platform. Despite that history, some cannabis businesses have found success on the platform.
The goal of the social and economic equity plan is to award 50% of licenses to applicants from historically underserved populations, such as communities disproportionately impacted by the enforcement of cannabis prohibition, women and minority-owned businesses, and individuals previously convicted of a marijuana-related offense.
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’. Many of the businesses we work with have Germany on top of their list when it comes to international expansion.”.
For example in Minnesota, New Jersey, New York, and Pennsylvania, cannabis industry unions have established wage floors for trimmers and cultivators ranging from $15 to $21 an hour. This statistic is telling of a racial hiring bias when compared to census data that shows 55% of Denver residents are white, while 40% are Black or Hispanic.
Licensed medical marijuana businesses, e.g., commercial grow operations, manufacturing facilities, and dispensary stores, are required to use seed-to-sale systems. Louis Post-Dispatch reports the DHSS received 2,266 cannabis business applications filed by at least 700 different groups. Randal Williams, et al. Randal Williams, et al.
Cannabis Business Times and Cannabis Dispensary have launched the Best Cannabis Companies To Work For—2022. The awards program will identify and recognize the best employers in cannabis cultivation and dispensary markets, continuing the recognition the media brands debuted two years ago. Be a publicly or privately held business. •
Cannabis Business Times and Cannabis Dispensary have launched the Best Cannabis Companies To Work For—2022. The awards program will identify and recognize the best employers in cannabis cultivation and dispensary markets, continuing the recognition the media brands debuted two years ago. Be a publicly or privately held business. •
LAS VEGAS, NV (March 4, 2021) – Cannabis Conference (August 24-26, 2021, at the Paris Las Vegas Hotel & Casino) today announces its education program, which includes 45+ sessions within four education tracks that will provide actionable takeaways about the most pressing issues plant-touching businesses currently face in the cannabis industry.
So much is changing in the cannabis industry that it can be challenging to keep up with the latest national and state-by-state laws and business insights. With that in mind, we put together a list of some reliable sources for news and information related to the business of cannabis. . MJBizDaily. Ganjapreneur.
Missouri medical cannabis regulators are revoking the licenses of some businesses that haven’t met their one-year cutoffs to open and didn’t receive extensions. But the situation also has generated pushback, and regulators did extend deadlines to roughly 260 of the state’s 370 licensed businesses. 17 cultivators. 4 testing labs.
Most of the information focuses on business laws and licensing rules. Number of dispensaries, manufacturers, cultivators, and testing labs allowed. The data is compiled by NCIA’s employees and comes from sources like BDS Analytics and Arcview Market Research – two recognized companies in the cannabis industry. Caregivers.
Some of the notable provisions proposed by the department include: Licensed businesses would be limited to two outdoor signs, which must be affixed to a building or permanent structure—billboards, banners and flags would be prohibited. 13 to consider the adoption of the rules, which are slated to take effect Jan.
A study from the University of California Berkeley Cannabis Research Center has determined that licensed cannabis cultivation operations use less water than previously thought. Data for the study was collected from water use reports from growers licensed to cultivate cannabis and from anonymous farmer surveys.
Of all the license types available to cannabis business operators, the microbusiness license is among the least issued and discussed. Countless cannabis businesses of varying sizes are vertically integrated, with many holding licenses for multiple activities at the same location.
The article also highlights Hemp, Inc. a publicly traded company he founded to help create a better world,” the article reports. “Mr. To read the Microcap Daily article, click here. is preparing 80+ acres, of the 500 acres, for hemp cultivation. OTCMKTS: HEMP).”. CEO Bruce Perlowin’s role as the subject of the No.
The group will study issues related to cannabis legalization including the licensing and oversight of businessescultivating, processing and retailing recreational marijuana. View original article. Ensuring Racial Equity in Legalization. That wasn’t accidental; it was by design,” Hudak said.
In total, permits/endorsements will be accepted for up to five cultivation facilities, 15 dispensaries and four vertically integrated operators (including one cultivation endorsement, one manufacturing endorsement, and one dispensary endorsement). and cultivation and vertically integrated applications are due on August 22 at 3 p.m.
In order to legally produce, possess, supply, cultivate, import or export cannabis products, there are various regulatory requirements that must be met, depending on whether the product contains a controlled drug or is classified as a CBPM. Cultivation of cannabis also requires a Home Office licence. Novel Foods Regulation.
required vertical integration, residency requirements, or social equity licensing- to name a fee), business relationships can become compromised and you can expect license related business litigation. A number of states have enacted policies to cover workers comp insurance for employees of marijuana businesses.
They are not issued with the same frequency – nor ferocity as cultivation and retail/dispensary licenses. In some jurisdictions, the cultivation and manufacturing activities may be combined into a single license like in Connecticut and New Mexico. View original article.
won Class 1 Production Licenses which allows for up to 100,000 square feet of cultivation space. were awarded a Class2 License which permits them to cultivate cannabis with 50,000 square feet of canopy. Ed Keating is a co-founder of Cannabiz Media and oversees the company’s data research and government relations efforts.
Here’s the article and it is the first time we’ve seen a piece providing a proper analysis of what is, or should we say, isn’t happening in Australia with regard to cannabis and a workable regulated envirojment. They write. When it comes to cannabis legislation, Australia is falling behind.
With so many marketing and advertising tactics unavailable (or extremely challenging) for the cannabis industry, email marketing has climbed to the top of the list as one of the best ways to connect with cannabis and hemp license holders and businesses. 3 Key Segmentation Strategies. 3 Key Segmentation Strategies.
American slaves and sharecroppers cultivated and tended to cannabis farms. The collection of data for the final study was through focused interviews with a snowball sample of eight participants who have experienced trying to enter the cannabis industry in Western City, California. Marijuana Business Daily. Robinson, C.
Last summer, Cannabiz Media published its first Cannabis Software Stack Report where we juxtaposed state license counts against all the companies that connect to METRC and Leaf Data Services in WA. Since compiling this data, we published an update last November with 43 additional companies. Activity (79). Advisory (81).
Editor’s Note: This article has been adapted from Chapter 2: Grow Rooms Today: A New Dawn from Getting Grow Rooms Right, written by Geoff Brown, Quest’s VP of Technical Solutions, and Dan Dettmers, Quest’s Applications Engineer. The issue is not necessarily knowledge related to cultivation. Lack of Experience Across Multiple Domains
Title: General Manager, Cultivation, Lume Cannabis Co. One word to describe your cultivation style: Innovative. At the time, the company had only one retail store and was in the process of building their first cultivation. We finished construction of the cultivation and opened the doors with less than a dozen people.
Title: General Manager, Cultivation, Lume Cannabis Co. One word to describe your cultivation style: Innovative. At the time, the company had only one retail store and was in the process of building their first cultivation. We finished construction of the cultivation and opened the doors with less than a dozen people.
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