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As perhaps one of the most talked-about topics for U.S. Since COVID-19 rocked the economy, cannabis businesses and supplychains claim to have been playing catch-up to get back to business as usual. consumers and businesses, inflation dominates current news headlines because of how much it affects every one of our wallets.
Aurum joins Denver-based Botanacor Laboratories, which received state certification June 24, in the CDPHE’s push to implement new rules to test for pesticides in hemp products intended for human use or consumption (anything ingested or applied topically).
Exclusive licensing of certain of Avicanna’s advanced and evidence-based CBD topical products including its deep tissue and skin care formulations. The Branded Products include Avicanna’s proprietary cannabinoid topical formulations developed through years of extensive research by Avicanna’s team of scientists.
“It doesn’t matter what the committee recommends because a bill still must be brought forward in the General Assembly and I’m sure there will be many bills addressing this topic.” By not reaching a consensus on the topic neither positive or negative, it will still be open for discussion in the General Assembly.”
Recent trends indicate a growing interest in alternative forms of consumption, such as edibles, topicals, and concentrates, in addition to traditional flower products. Changes in regulations can have ripple effects throughout the industry, impacting supplychains, investment strategies, and consumer access to medical cannabis products.
In January 2014, Colorado implemented a commercial cannabis market for pleasure – the first jurisdiction globally to implement a regulated, adult-use cannabis supplychain from seed-to-sale. It was reported as an historic occasion that presaged a grand social and economic experiment in drug legalisation.
The postponement is due to significant supplychain issues for obtaining the necessary equipment and supplies to conduct testing. Specifically, the temporary rule states that an industrial hemp commodity or product (including all edible, tincture, and topical products) is an adult use cannabis item if it: Contains 0.5
Since 2010, Native Roots has brought to market best-in-class products across the flower, vape, edible, and topical categories. Under the agreement, Native Roots will establish a new tissue culture program at their flagship Denver facility leveraging FRB’s proprietary Clean Stock® platform.
Charlotte’s Web said Panter has more than 20 years of “global supplychain experience” at businesses including Estee Lauder Company, Campbell Soup Co., Charlotte’s Web product categories include CBD oil tinctures (liquid products), CBD capsules, CBD topicals, as well as CBD pet products. and Tyco Healthcare/Covidien.
Fears around supplychain delays, stay at home orders, and increased consumption from regular users all contributed to record-breaking sales numbers in 2020. This opened the window for edibles, beverages, and other oral and topical consumption methods to gain ground. How people consumed cannabis during the pandemic.
High product quality relies on a true understanding of the entire supplychain, from seed to sale with sanitized processes and quality checks including the creation of well-detailed preventative control plans that are in place to avoid instances of hazards like contamination or other public safety risks.
To date we have seen medical cannabis import/export in categories including whole flower, oil, topicals and capsules. Another critical issue is supplychain integrity. And demand is not solely a matter of quantity; product categories are also dispositive. Think about that… for a “medicine”!)
This was the time when the country approved the sales of edibles, cannabis extracts, and topicals. The diverse supplychain and the demanding customers are helping the growth of this industry every passing day. . The day arrived exactly one year later when Canada saw a second wave of cannabis legalization. Let’s find out!
A few months earlier, Jordan spoke at MJBizCon in Las Vegas and predicted that the marijuana industry would inevitably undergo massive consolidation with a few companies controlling the global supplychain — a development he apparently favors. “The industry has to consolidate,” he warned.
One of the panelists is addressing the deficiencies in the supplychain and provides a “white label” facility for growing, developing new products, and analyzing technical data, among other services. Cannabis entrepreneurs must pay more attention to this in their financial projections.
A Windsor, Ontario-based company Audacia Bioscience is especially focussed on three patented technologies that deliver consumer and patient insights to the industry to close the knowledge gaps in the supplychain. Virtual Clinical Trials transcend geographic, mobility and economic barriers.
Image by James from Pixabay Medical Cannabis SupplyChain The medical cannabis supplychain encompasses all stages of production, from cultivation to distribution. A well-functioning supplychain ensures that medical marijuana products reach patients safely, efficiently, and in compliance with regulations.
Examples of plant-touching and ancillary businesses along the entire cannabis supplychain. Manufacturers extract THC and/or CBD from raw flower and turn it into a broader array of products for end-user consumption, such as edibles, vape cartridges, topicals, tinctures, etc. They supply dispensaries with manufactured products.
TOPIC 1 — HEMP CROSS POLLINATION LAWSUITS: What you need to know to protect yourself now. TOPIC 2 — STRONG HEMP CONTRACTS: The difference between a solid, long-lasting business relationship and a future of nightmare litigation . What will you do if your sinsemilla crop is seeded out by the hemp farm next door?
Our supplychain has never been stronger, and our sales continue to accelerate in all channels,” said Ricky Wright, President and CEO of The Alkaline Water Company. For the Company’s topical and ingestible offerings, A88 Infused Products Inc. The 12 week SPINS ending June 13, 2021, for total U.S.
The #1 brand in CBD topicals, with 23% market share in the Drug channel [Drug (IRI-SPINScan 52 week ending 7-11-2021)] and 13.8-per-cent Exclusivity of the entire supplychain from soil to oil. pull week ending 5/22/21)]. A diverse management team with cross divisional synergies and incredible employees.
They make a good point, considering the fact that the legislation invites hemp cultivators to participate in the state’s supplychain. Paul Schemel — claim that HB 1024 will also stimulate job creation. Currently, approximately 15,895 workers are employed by Pennsylvania’s medical cannabis industry.
In light of the breaking news that California has opened up for commercial hemp cultivation and that the Oregon growing season had just begun, this post concerns the more granular topic of agricultural production contracts – i.e. the contracts at the start of the supplychain between farmers and consumers.
” The proposed rules cover a wide range of topics but below are a few highlights. ” Hemp Extracts intended for human ingestion must come from a crop intended to be used in the food supplychain. Hemp-CBD in Food. The proposed rules also list contaminants and residual solvents that cannot be present in hemp-food.
For myself, I often like to describe Four PM as the most selfless-selfish thing I do on a daily basis, whereby I’ll allocate three hours of my day just to produce a piece of content such that I can better understand a current event or topic that’s actually happening in the cannabis industry.
Nathalie Bougenies has written on this topic extensively, so I will just give you an excerpt and a few links: To the disappointment of many in the hemp industry, the USDA adopted a total THC testing requirement. Total THC: Delta-9 + THCA. Your Comments Matter.
Beverages are a key growth segment, and will round-out Vapen’s offering of concentrates, extracts, edibles, vapes, topicals and tinctures.” ” MAJOR is designed as a high dose THC beverage that delivers a consistent and enjoyable cannabis experience with no cannabis taste or smell.
On top of this, wineries have experienced their own supplychain shortages for bottles, and tasting room closures due to COVID. Commissioners also heard similar supplychain frustrations from southern Oregon bars and restaurants.
Through FloVaria, Flora will provide distribution, supplychain, and marketing support of KaLaya products in Colombia, Mexico, and other LATAM countries, while Avaria will initially supply the finished product to FloVaria. felt pain relief within one minute. The average reduction in pain is 5 points on a 1-10 point pain score.
Last year’s cannabis sustainability symposium was held in October and included sessions on energy efficiency, social equity, sustainable packaging , carbon sequestration, water conservation, waste reduction, emerging technologies, and supplychain efficiency, among other topics. and sponsored Q&A sessions.
The numbers could easily reach seven figures when the supplychain is fully functional. Under its four major brands, CBD Unlimited, Phyto-Bites, Maggie’s, and BlessWell, the Company’s products range from oils, capsules, topicals, and pet products, all with the shared purpose of therapeutic and pain relief for humans and pets.
SupplyChain Dynamics. As Simplifya expands the platform’s offerings, the Company also plans to partner with additional regulatory, tax, legal and D&O topic experts such as: Hub International , Burns & Levinson and CohnReznick. Licensing Rounds, Past and Future. Limitations on Integration. Counts of Licenses by Type.
Driven by their mission to set a new hemp standard, LUXEARI’s expert staff manages the entire supplychain so they can truly stand by what they sell. A guide to CBD topicals, balms, and lotions. I’d tried CBD topicals before, but the effects aren’t usually this potent or this immediate.
Cannabis products are often sold as supplements, topicals, and edibles, which means there are many similarities to food, beverage, and beauty products. Gent brought with him more than 35 years of CPG and supplychain leadership experience in executive roles for US Foods and PepsiCo.
While it’s true that this is still a new and rapidly growing industry, there is already significant competition among brands selling to cannabis license holders across the supplychain. The most important thing to remember is a single outreach is unlikely to lead to a sale. .
As such, transportation and logistics are paramount topics. We are witnessing the real-time creation and evolution of the relevant supplychains – locally, statewide, nationally, and globally. Topics included: Telling Your Story: Shipping Documentation and Tracking. It’s Legal, Isn’t It? Get 25% off your ticket here.
Key Topics Covered: Chapter 1 Methodology and Scope. SupplyChain Analysis. This growth can be credited to the rising geriatric population and increasing demand for cannabis for various medical purposes, such as management of chronic pain, mental disorders, chemotherapy-induced nausea & vomiting, and neurological disorders.
The industry also suffered several supplychain disruptions due to the shortages of cotton and other raw materials. Key Topics Covered: 1 INTRODUCTION. Value Chain/SupplyChain Analysis. Also, exports to the major buying regions in the European Union, the United States, and Japan fell by around 70%.
This claim potentially encompasses every part of the supplychain, from producers, to processors, to manufacturers, to distributors, to retailers. My co-blogger Jesse Mondry , who specializes in litigation, will cover this topic in a future blog post. Smart business owners will recognize that it is time to do an insurance audit.
To increase the public’s awareness of the regulated supplychain in Massachusetts, this past April, the Commission launched the first version of a new Product Catalog , providing a comprehensive database of legal marijuana products that are sold through the Commonwealth’s licensed Medical Marijuana Treatment Centers and Marijuana Establishments.
Improved supplychain execution and quality enhancements are leading to commercial success. ” “We made tremendous progress improving our supplychain and right-sizing our manufacturing footprint, bringing supply and demand into balance,” added Mike Lee , CFO. opportunities in Fiscal 2022.”
Supply-Chain Optimization : HempFusion is in the final stages of consolidating and optimizing its supplychain, taking advantage of its larger operating scale to drive cost savings across the business. HempFusion proudly launched its CBD ingestibles (75 stores) and OTC Topicals into 400 Southeastern Grocers, Inc.’s
This bill allows us to start fulfilling that promise by creating a supplychain of products for retailers in this new economy.”. He continued, “We passed adult-use recreational marijuana with the promise of investing in communities most negatively impacted by the failed War on Drugs.
Compliance testing has been a controversial topic especially as California has rolled out more stringent and comprehensive testing standards over the first year and a half of regulation. While the BCC’s newest fact sheet seeks to provide clarity for cannabis distributors, its scope is limited to the flow of cannabis through the supplychain.
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