On Tuesday afternoon, hundreds of hemp trees swayed their fragrant leaves in the wind in the greenhouse of a Mission hemp farm.

“We are not aware of anybody doing this type of volume actually south of Houston,” said Roberto Morales, owner of Healing Bloom Farm.

Healing Bloom handles all parts of production in-house with the main product being CBD oil, according to Morales.

“We are not aware of a facility this size going from seed to shelf, and my goal is to produce oil, a lot of CBD oil, to make a difference in people’s lives,” said Morales.

Morales said he has a family member who has suffered from seizures and was prescribed CBD oil, but at the time a 30-milliliter bottle would cost around $300.

Three Framingham adult-use marijuana businesses have opened their doors and three more are on the way.

Currently, Nova Farms and Cultivate operate on Worcester Road (Route 9) and Temescal Wellness is on Cochituate Road (Route 30). Three other businesses are on their way to opening — but it may be a while.

“This is a new industry that was previously illegal, and it’s highly regulated, and so for good reasons there is a very onerous process, both at the state level and at the local level, to vet out these businesses that are going to be operating in our communities,” said Thatcher Kezer, Framingham's chief operating officer.

When it comes to real estate investment trusts (REITs) in the cannabis industry, Innovative Industrial Properties (NYSE: IIPR) is the first among equals. IIP holds 76 marijuana-cultivation properties, and I like to joke that it's the industry's landlord. It's also one of my highest-conviction stocks.

The prospect of marijuana legalization has profound impacts for every player in the business, and IIP is no exception. I've spoken with a few of the stock's skeptics, and their refrain is always the same: Things are great right now, but legalization will wipe it out, so don't touch it. As a shareholder, I don't believe that this argument is true -- but let's break the issue down into bite-sized pieces to analyze it.

The European Parliament approved on November 24 to increase the THC level from 0.2% to 0.3% for hemp crops used for industrial purposes.

The rise of the THC level for industrial hemp is part of the measures of the new Common Agricultural Policy (CAP) reforms, which will enter into force in 2023. 

Farmers may receive EU subsidies if they use hemp varieties registered in the EU catalog with a maximum THC level of 0.3%.

The European Industrial Hemp Association (EIHA) has made this achievement possible, representing the common interests of European hemp farmers.

Legendary heavyweight boxer Mike Tyson’s cannabis brand is now available in California. His cannabis company Tyson 2.0 confirmed Tuesday that its premium quality cannabis line is now available at more than 100 retailers across The Golden State. (Originally posted by Benzinga)

 “We are focused on bringing Tyson 2.0 premium cannabis products to retailers nationwide and after a strong debut in Colorado, we are now available across California in over 100 retail outlets marking a major milestone for the company,” Adam Wilks, CEO of Tyson 2.0 told Benzinga.

A trio of old high school buddies are behind a new player in the local CBD scene.

VA Harvest, which sells CBD extracts and cremes in stores and online, launched in November.

The company has a budding retail presence, with products on shelves at grocery store Ellwood Thompson’s and Fan wellness store Blossom RVA, co-founder Bill Wingfield said. The company plans to expand locally and across the southeastern part of the country.

It also sells products through its website. The company’s 30 ml extracts are priced at $98 on the site, the same price as its 1 ounce topical creme.

VA Harvest plans to launch CBD products aimed at animals in the spring.

Missouri’s cannabis industry continues to attract businesses and create jobs.

A multistate company based in Michigan is opening a cannabis processing facility this month in St. Louis. It is also partnering with another company on a cultivation operation in O’Fallon.

“I think Missouri is a rather competitive market,” said C3 Industries CEO Ankur Rungta.

“We think there is a healthy amount of demand for our products in a market like this.”

C3 Industries already has a foothold in Missouri. The company has opened medical marijuana dispensaries in St. Charles, Columbia, St. Robert, Cape Girardeau and Sunset Hills.

Lunar New Year is a looming threat

Getting basic materials like ceramics, stainless steel and computer chips from China has gotten so difficult that its about to hit one of the few industries that has so far been insulated from supply-chain woes: U.S. cannabis.

Nearly two years after they made their initial pitch to the Select Board, sisters-in-law Priyanka and Tejal Patel finally saw their dream made a reality as they opened Uma Flowers, Pepperell’s first recreational cannabis store last week.

Opening ceremony and ribbon cutting for Uma Flowers, Pepperell’s first cannabis dispensary, from left, Select Board chair Margaret Scarsdale, town planner Jenny Gingras, town administrator Andrew MacLean, and co-owners Priyanka Patel and her sister-in-law Tejal Patel, both of Waltham. SUN/Julia Malakie

Wells Fargo just shouted "sell!" -- but investors bought cannabis stocks instead.

What happened

A funny thing happened in the cannabis market today. Analysts at investment bank Wells Fargo initiated coverage across the sector, warning of overvaluation among marijuana companies and suggesting investors turn their attention to hydroponics suppliers instead -- but marijuana stocks leapt higher anyway.  

As of 12:35 p.m. ET, shares of Tilray ( TLRY -6.97% ) are gaining 4.6%, and both Aurora Cannabis ( ACB -4.41% ) and Canopy Growth ( CGC -6.76% ) are up 7.1% each.

Not every part of the industry sees business heat up during the holiday season. For some, like those in cultivation and packaging, it marks a wind-down on work and profits.

The holiday season is underway and so too are sales. The cannabis industry is no exception, with December sales expected to be strong once again.

Data firm LeafLink reports that sales jumped 33% the week leading up to Christmas 2020 (December 21-December 24) compared to the previous four weeks. Christmas Eve saw a 61% increase compared to the previous four Thursdays.

Grasshopper co-founders on the tool you need to streamline bulk cannabis packing processes.

Often the best inventions and innovations are born out of necessity—which is exactly what sparked the creation and development of the Grasshopper. Grasshopper Co-founders Luke Daly and Jesse Bloomfield shared why they had to build the tool they needed—because it didn’t exist yet.

A proposed $10,000 fee for licenses to grow, store or sell cannabis was flagged as possibly problematic by Red Bank’s borough attorney last week.

At the council’s workshop meeting last week, community planning Director Shawna Ebanks suggested an amendment to a recently enacted cannabis ordinance to create a licensing procedure and fee.

In 2021, home delivery of cannabis rolled out in Massachusetts as the state’s industry surpassed $2 billion in gross sales and hit the fifth anniversary of recreational legalization.

The state’s collections since early 2020 now outpace that raised from booze sales. The money has been used on everything from buying an opioid reversal drug to funding a Girl Scouts program to fight human trafficking.

First-time recreational cannabis buyers often feel the sticker shock.

With hefty taxes, an eighth of an ounce of fresh cannabis flower typically costs around $80 — far more than the price of black market weed.

But sales have continued to boom despite the sky-high taxes and prices, totaling over $1.9 billion since the drug was fully legalized last January. As a result, total tax collections on pot sales have now jumped to nearly $563 million. And since February, pot sales have brought in a whooping $100 million more in taxes than booze.

With no marijuana playbook for lighting up legally, towns like Saugerties, Rhinebeck and others forge their own paths into an unknown, burgeoning industry

When New York State legalized marijuana last spring, discussions kicked into high gear as to which towns, villages and cities would cater to cannabis buyers and businesses. Who’s opting in? Who’s opting out? And what will this massive burgeoning industry look like at a local level?

HiColor™ Cannabis Infused Gummies will be available in multiple formulations and five provenance-inspired flavors

 Goodness Growth Holdings, Inc. ("Goodness Growth" or the "Company") (CSE: GDNS; OTCQX: GDNSF), a physician-led, science-focused cannabis company and IP developer, today announced the launch of HiColor™ gummies and availability in Maryland through the Company's wholesale and retail channels. The new line of cannabis infused edibles will be available in three formulations and five gourmet flavors.

Cresco Labs Announces Opening of 44th Dispensary in Pensacola, FL

Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or “the Company”), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, announced today the opening of a new Sunnyside dispensary located at 3900 N 9th Ave. in Pensacola, FL. Sunnyside Pensacola is the Company’s second store in the Panhandle region. With today’s opening, Cresco Labs operates 12 Florida stores and 44 nationwide.

Sunnyside Pensacola is centrally located in the city near Cordova Mall, across the bridge from Pensacola Beach and the suburb of Gulf Breeze, and a few blocks away from Interstate 110—offering broad accessibility to daily commuters and residents.

With December upon us and hemp harvest season coming to a close, the cannabis industry is facing a sobering bust following the great CBD boom. The November 2021 Hemp Benchmarks Report contains results from an analysis of financial findings from publicly traded CBD companies, which reflect a stagnant 2021 market. However, hemp-derived THC (Delta-8) companies are seeing solid revenues despite some decline in wholesale prices. This was the case for LFTD, which saw $29 million in combined sales in the third quarter, while longstanding hemp CBD company Charlotte’s Web (OTC: CWBHF), which has the largest U.S. market share, reported a revenue decline of 6% year-over-year. Other publicly traded CBD companies such as cbdmd and CV Sciences reported similar trends.

Recreational marijuana is legal in New York, but the market and rules are still taking shape. New regulations for CBD and hemp have rolled out that could impact the state’s upcoming Adult Use Marijuana Program.

“Cannabis is going to be regulated like a dietary supplement in New York State,” explained Eddie Brennan, President of Beak and Skiff, and Onondaga County orchard that produces hemp and has a line of CBD products.

Brennan welcomes these stringent regulations under New York’s Cannabinoid Hemp Program.


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