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In the fast-paced, data-driven world of the cannabis industry, partnerships are crucial to success. Turns out, his statements are backed up by thorough data analysis and insightful findings. Despite the differences in consumption patterns among different generations, pre-rolls have maintained their popularity.
By Oliver Bennett, Special Contributor to New Frontier Data. Once welcomed as a progressive venue forward for adult-use legalization, Barcelona’s cannabis clubs suddenly find themselves in legal limbo, and possible jeopardy of elimination.
Hemp cultivation, especially given the explosive demand arising from neighboring European nations, presents a unique opportunity to Zimbabwe and other African nations well positioned to meet such demand cheaper, and possibly faster, than current suppliers from Canada and Latin America.”. Here’s the press release in full.
The index features cannabis price data from 140 cities around the globe. Pricing per gram data was obtained through crowdsourced city-level polls and adjusted per the data in the UNODC World Drug Report 2022 and the PriceofWeed dashboard. Metric Tons Per Year What Value Does This Data Offer? .” at $7/gram.
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.
Indoor cultivation’s carbon footprint is so energy intensive that it is indefensible from an energy and environment perspective, argued the authors of the report. Many cultivators prefer indoor cultivation because it makes possible five or more grow cycles per year, compared to only one or two outdoors. But there’s a price.
The DHSS approved 23,000-plus patients and caregivers in program year 2019—before commercial sales began—with roughly 33% also approved to home cultivate. That year, Missouri home cultivators were comprised of 7,276 patients and 298 caregivers. The 192 dispensary licenses allowed in Missouri represent approximately 3.1
Big data and technology have become critical to a wide variety of industries in recent years, and the cannabis industry is no exception. Through advanced data collection and the application of sophisticated algorithms, usable data is now available to help marijuana businesses: Predict trends. Met consumer demands. Reduce costs.
Contrary to some narratives of decline, recent data reveals a more nuanced pictureone of evolution, resilience, and an urgent need for continued support. Verified Dispensary Licensing Data: As of February 2025, the Cannabis Control Commission (CCC) reports 87 expired or surrendered Medical Treatment Center (MTC) licenses.
It has the potential to revolutionize the experience for consumers and companies alike, from improving the cultivation process and boosting production to increasing efficiency, solving supply chain issues, and enhancing the customer experience. Analysis from AI can help businesses increase customer loyalty and drive sales.
Taxes play a crucial role in the success of marijuana reform, as competitive prices in a licensed market are key to convert illicit consumption to the legal market. leaves cultivation tax; $1.35/oz Data missing for Q2 2021 in Nevada and California. Missing June 2021 data in Alaska, Oregon, and Massachusetts. 24,540,009.
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.
HB1445/SB1235, unfortunately, didn’t provide a framework for cultivating or distributing medicines, so patients had to get their cannabis from another state (a no-no under the US Department of Justice’s now-rescinded guidelines ). SB 1027 authorized the Board of Pharmacy to issue permits for marijuana cultivation and processing.
Kassi is equipped for advanced data collection, offering accurate, real-time, shareable dispensing history, automated reminders and personal recommendations. With every device, and every inhale, from every user, DSI compiles the world’s most comprehensive data on cannabis consumption and effects.
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. Reflecting on Lessons Learned.
This burgeoning industry encompasses a wide range of activities, including cultivation, processing, distribution, and retail sales of medical cannabis products. The establishment of cultivation, processing, and dispensary facilities creates a diverse array of employment opportunities, spanning from agricultural roles to retail positions.
To make things clearer, the bottom of the Eaze entry on the apps store clearly states “Eaze does not cultivate, distribute or deliver marijuana.”. Best app for optimizing cannabis consumption – Jointly. As co-founder Otha Smith said, “through data, we aim to empower not only cannabis consumers, but the entire industry.”.
News Joint Events curates 3-4 major cannabis-consumption events per year, as well as monthly events with a focus on central and southern Illinois locations. The two new services include News Joint Events and News Joint Consulting.
They make a good point, considering the fact that the legislation invites hemp cultivators to participate in the state’s supply chain. Sharif Street (D) that would’ve permitted patients aged 21 and above to grow five plants for personal consumption. The bill’s sponsors— which include prime sponsor Rep.
In total, the Commission has licensed 908 Marijuana Establishments, including Cultivators, Product Manufacturers, Retailers, Independent Testing Laboratories, Microbusinesses, Marijuana Couriers, and more. This past May, the Commission launched the license application for Marijuana Delivery Operators.
We are currently recruiting patients, and data-capturing all the questionnaires and feedback from the patients for the live study. Unlike traditional methods of cannabis cultivation, aquaponics is a food production system that merges aquaculture (raising aquatic animals in tanks) with hydroponics (growing plants in water).
Humans uncovered the potential of cannabis to be useful for food, fiber, and spirituality and began cultivation and domestication. The ECS long predates humanity and cannabis cultivation, suggesting this system has less to do with cannabis and more to do with complex life on earth. 15 16 17.
On November 20th, the Washington State Department of Agriculture (“WSDA”) released the hemp cultivation plan (the “Plan”) that it intends to submit to the US Department of Agriculture (“USDA”) along with a corresponding set of hemp regulations (“Hemp Rules”). That’s what Washington has done with hemp cultivated for food.
Veriheal does not support illegally consuming alternative therapeutic substances but acknowledges that it transpires because of the current illicit status, which we strive to change by advocating for research, legal access, and responsible consumption. Always consult a physician before attempting psychedelic therapy.
It does three things: Makes possession, use and cultivation of personal-use amounts of psilocybin mushrooms the lowest law enforcement priority for the City and County of Denver. Social Cannabis Consumption Taking Off in Colorado and California. What I-301 Does. I-301 adds a new ordinance to the Denver municipal code.
What’s more, data published by the Federal Ministry of Health during the first half of 2021 showed that the country received close to nine tons of medical cannabis flower, whereas just five tons were imported during the first half of 2020. Under existing German law, cannabis can be cultivated, sold, owned, imported, and exported.
Company Leads the Market with Largest-Scale Cultivation in the State. We are excited to begin cultivation in West Virginia and be one step closer to providing relief to the patients who need it,” said Nicholas Vita, CEO of Columbia Care. NEW YORK–(BUSINESS WIRE)– Columbia Care Inc. About Columbia Care.
Including all types of products for all methods of consumption , the report only separates them into three main categories — marijuana, marijuana edibles, and marijuana other. Only 2,613 registered patients and caregivers are approved to cultivate at home, which explains the huge demand for store bought products.
We are a data and market intelligence driven firm that provides capital, M&A, corporate development, and investor relations services to emerging growth companies and qualified investors in the cannabis sector. For more information, visit ( [link] ). About Viridian Capital Advisors. Marijuana remains illegal under federal law.
Seamless data tracking helps operators optimize inventory control, accurately report sales data, and improve cultivation management. This marks Metrc’s 23 rd government contract to date and sixth so far in 2022.
Despite the illegality of cannabis, it continued to cultivate healing amongst a growing community of supporters. There are many different methods of cannabis consumption these days; it’s not just about smoking joints, blunts, bowls, and bongs. Cannabis has become something more than just a plant you smoke.
The bill set out the qualifying conditions as well as regulations relating to possession, cultivation, and dispensaries. Despite such an early move to allow medical cannabis consumption, the act did not account for or allow for cannabis in the legal market as well as for it to be sold in dispensaries. .
MRTA provides for the legal production and consumption of marijuana by individuals age 21 and older; establishes licensing requirements, including fees; and includes a social and economic equity plan intended to promote diversity in the industry. The New York cannabis industry will be heavily regulated.
” Clinical trial data published in 2017 in in the journal European Neuropsychopharmacology previously reported that the administration of whole-plant cannabis extracts is associated with improvements in cognition and behavior in subjects with ADHD. 9-tetrahydrocannabinol (THC).
Alexander also announced the public comment period on home cultivation regulations has closed. Lastly, Alexander provided data regarding the December 31, 2021, deadline for municipalities to opt out of allowing retail dispensaries and on site consumption lounges to operate in their jurisdictions.
Even though growth and consumption of marijuana, the most common product of the cannabis plant, is illegal in China, it is legal to grow industrial hemp, also part of the cannabis family with less than 0.3% which tracks stock trading data, a trading room of brokerage house Tibet Orient Fortune Securities Co. Source [link].
In the second quarter of 2022, legal cannabis consumption composed 69% of the marketplace. Prior to the Act’s implementation in 2018, that number sat at 9% according to Health Canada data. The impact of cultivation of cannabis plants in a housing context. THE REVIEW. The impact of cannabis on Indigenous persons and communities.
Our investment demonstrates our firm belief that Floridians are ready to experience the freedom to use cannabis for personal consumption, a freedom which is currently enjoyed by more than half of America’s adults” she said. We don’t really know the answer from these data in terms of how that vote might turn out.”
triggering new innovations and improved data quality through better user experiences. Canada’s largest syndicated study of cannabis consumers reveals that price remains a top barrier to legal cannabis consumption. . As legal cannabis is still new in Canada, DIY methods and products are rampant. Instituting Dialogue and Collaboration.
In Canada, adults over the age of 19 can possess up to 30 grams of cannabis (the legal age is 21 in Quebec and 18 in Alberta), cultivate up to four plants for personal use, and buy cannabis products from a provincial or territorial retailer. The move came 17 years after Canada legalized medical cannabis. per gram, as opposed to $5.73
It also established processes for expunging certain cannabis-related offenses, increased the allowable possession limit, required data collection and studies on cannabis use, established a Cannabis Public Health Advisory Council, and created three new funds to address health effects, business assistance, and community reinvestment.
It also established processes for expunging certain cannabis-related offenses, increased the allowable possession limit, required data collection and studies on cannabis use, established a Cannabis Public Health Advisory Council, and created three new funds to address health effects, business assistance, and community reinvestment.
Brazil is one example of cannabis consumption taking off in unprecedented numbers. In early August, we reported a story about how Brazil’s health and safety watchdog , ANVISA, approved two draft resolutions that could – if approved – lead to the legalization of domestically-cultivated cannabis.
Panels in the afternoon session included USDA and FDA representatives discussing the challenges with drafting hemp cultivation and CBD regulations, a panel focused on the current regulatory enforcement of the FDA, and a final panel aimed at discussing hemp-derived CBD supplements from the perspective of retailers.
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