As cannabis cultivation grows in Warwick, the town debates whether to allow dispensaries.
What was once a medium-security prison that housed about 1,000 inmates in Warwick will become a fully operating cannabis cultivation site by 2023.
A lack of momentum among lawmakers this summer—as federal cannabis reform took a back seat to issues like infrastructure—has weighed on shares of midsize marijuana seller TerrAscend in recent months. Its declines could prove fleeting.
Sustainable cannabis cultivation is one of the most complex, charged issues facing today’s industry. As the market continues to mature, companies need to consider the significant environmental impact and massive carbon footprint of energy-intensive operations.
As more states legalize the plant, companies are building indoor production facilities that will add millions of square feet of canopy each year, stretching and straining electrical grids from coast to coast. Meanwhile, greenhouse growers are employing more mixed-light cultivation to produce crops similar in quality to their indoor counterparts, and outdoor growers are struggling to survive as consumers continue to favor frosty, potent buds over organic, full-season flower.
A Denver-based medical marijuana company has awarded $1,000 scholarships to twenty different college students interested in the plant, with plans to do the same next year.
Veriheal, an online service that connects medical marijuana patients with doctors, recently split $20,000 among twenty students who demonstrated a passion for cannabis and innovative ideas to better the industry through essay submissions. The lone Colorado winner was Christina Hippensteel, a student at Metropolitan State University of Denver.
AUSTIN, Texas — Texas Agriculture Commissioner Sid Miller is known as a big booster of hemp production in the state, cheering legalization of the crop in 2019 and even planting a few acres himself since then on land near Stephenville.
That’s why an assertion Miller is making has caught fellow advocates for the fledgling Texas hemp industry by surprise — he contends some growers are "probably" using hemp fields licensed by his office as fronts to cultivate marijuana, which is identical to hemp in appearance but illegal.
"It is highly probable," Miller said in a recent interview with the American-Statesman, although he acknowledged he has no proof.
Formerly incarcerated individuals can now learn how to cultivate cannabis through a Ohio non-profit program called URC Grows.
An Ohio non-profit organization and a cannabis cultivator are working together to help individuals who have been incarcerated for cannabis-related charges to receive education in cannabis cultivation.
Riviera Creek Holdings LLC cannabis cultivator and United Returning Citizens (URC) organization, which are both based in Youngstown, Ohio, are partnering together to support a program called URC Grows. The program will provide educational and job opportunities for those who have been convicted of cannabis crimes.
Three best practices to help drive revenues and stay ahead of the curve.
As the North American cannabis industry becomes more and more crowded, retailers are suddenly faced with flat or declining revenues. That’s bad news for owners, but it’s not necessarily the end of the world. Creative entrepreneurs are constantly looking for new ways to generate income, and those ideas are often hidden in plain sight in other retail industries.
Let’s look at three common retail practices that have yet to embed themselves in the DNA of the cannabis market.
One of the best ways to supplement sales is by charging fees for premium placement of certain products and brands on store shelves. Welcome to the world of slotting fees.
That's bad news for the cannabis industry, which has turned to billboards as a marketing opportunity.
Cannabis companies have precious few options when it comes to advertising. With the federal government still listing marijuana as an illegal drug, the industry faces strict regulations on advertising its products and services.
The situation has left companies scrambling to get around advertising restrictions. One outlet for companies has involved placing cannabis billboards on highways in states with legal weed. But earlier this year, California officials mandated the removal of some billboards. And proposed action in Michigan could signal that idea is taking hold in other locations.
Automaker BMW Group is looking to slash the carbon emissions of making and using its cars – and hemp may play a larger role.
BMW has been using hemp for some years, for example in the lining of door panels of its electric i3. This isn’t just a warm and fuzzy tree-hugger thing to attract the eco-savvy consumer; but also plays a (small) role in lightening the vehicle.
It looks like hemp and other plant materials might be getting more of a look in, with the company stating it is stepping up its fight against climate change and will drastically reduce CO2 per vehicle by 2030.
One of the strategies is the increased use of natural materials over petrochemical ones.
Illinois plans to hold an extra licensing lottery to give the applicants left out of the process another chance.
Illinois will launch a new lottery program specifically for the six applicants who did not make it, so that they will now have another shot at winning and being able to operate their own recreational cannabis stores. This official new lottery was announced this past Friday, and it already has the new market buzzing with possibilities.
You won't need much upfront cash to buy these promising growth stocks.
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Frustration and confusion are high in the cannabis industry nationally due to how to properly classify and regulate products made by chemically modifying the cannabis plant, including one method that creates a compound known as Delta 8.
This compound is promoted as causing a “lesser high” than Delta 9 THC, a compound naturally created when the plant is ignited. (It’s commonly referred to as THC, which is the compound that causes temporary mental and physical changes.)
Another common cannabis compound is CBD, which is often made from hemp, a cannabis product that legally is required to have less than .03 percent THC. This allows it to be sold more places beyond licensed cannabis stores.
Which state sold the most weed in America in the second quarter?
With a total of $1.4 billion in taxable cannabis sales in the second quarter, California takes the lead as the state with the highest sales of weed in the United States of America.
This wouldn't come as a surprise to the majority, as California has always been at the forefront of the cannabis Industry in the country.
From being the first state to approve the medical use of marijuana in 1996, to now hosting some of the biggest cannabis farms and dispensaries in the country.
Cannabis Sales In The U.S.
The cannabis industry makes revenues worth billions of dollars from the states that have legalized either or both the use of recreational cannabis and medical cannabis.
A new nonprofit based in St. Louis, called We Are JAINE, plans to connect women in Missouri's cannabis industry with resources and mentorship opportunities.
Hemp is being trialled by local farmers throughout Aberdeenshire and Angus.
The north east is gradually becoming an unlikely centre of the hemp-growing industry.
A variety of the cannabis plant, hemp is being trialled by local farmers throughout Aberdeenshire and Angus and grown specifically to make a wide range of products.
The Scottish Hemp Association hope a successful harvest could prompt more in the area to follow suit.
Twelve months ago there was only around two known farms in the country, but there’s been a drive this year for more and now there’s over ten in the north east alone.
International cannabis companies are showing interest in Brazil, both its large consumer market for medicinal products and a proposal that could legalize planting of the crop.
Major producers like Colombia’s Clever Leaves and Canada’s Canopy Growth are developing and selling medicinal cannabis products to a Brazilian consumer segment estimated at 10 to 13 million people. This results from a 2019 regulatory change allowing the import, sale and manufacturing of such products.
But permission for cultivation of hemp and cannabis in Brazil would be a bigger prize. If granted, the industry could blossom in four to five years, based on the experience of other countries such as Colombia.
Municipalities in New Jersey that opt of allowing legal marijuana sales within their borders don’t just block such businesses. They could keep residents from establishing businesses in the industry at all.
The rules adopted for the recreational adult-use marijuana by the state Cannabis Regulatory Commission have been largely applauded, and a Wednesday online forum hosted by the Stockton University Cannabis & Hemp Research Initiative was on different.
Florida CBD operator Kona Gold has raised $3 million through a stock-purchase agreement with a hedge fund, YA II PN, LTD.
The securities purchase agreement announced Tuesday allows the hedge fund to buy up to 100 million shares of Kona Gold, a holding company based in Melbourne that develops hemp and CBD beverages.
Kona Gold says it will use the money to expand operations and distribution and to rebrand its Kona Gold Hemp Energy Line, among other things.
The company also says it plans to hire an expert to focus on “growth and opportunities into large chain grocery and convenience stores.”
Dear Women in Cannabis,
You are necessary in every facet of this growing industry.
While a 2019 survey by MJBizDaily said women held nearly one-third of the senior-level jobs at cannabis companies, the migration of male executives from male-dominated industries now threatens career opportunities for women in an industry once celebrated for its progressiveness.
Unfortunately, this migration included many of the toxic and misogynistic business practices that exist in industries like entertainment and tech, which are notoriously dominated by men.
Revisiting the firm’s approach to clients with marijuana-related businesses ranked among a handful of initial items that Merrill Lynch Wealth Management executives have tackled in their Project Thunder initiative. The campaign, launched last week, is aimed at addressing frustrations and pain points endured by the brokerage’s financial advisors.
Merrill executives unveiled plans for “streamlining” and adding more “flexibility” to the process of onboarding clients who own or invest in marijuana-related businesses, as part of the new initiative, according to an internal message sent by the executives to advisors on Wednesday.