DENVER, Aug. 25, 2021 /PRNewswire/ -- Business intelligence from Akerna (Nasdaq: KERN), an enterprise software, leading compliance technology provider, and developer of the cannabis industry's first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform®), predicts that the upcoming Labor Day weekend, September 3 – September 6, will bring in over $240,000,000 in legal national cannabis sales. 

Friday, September 3, will be the largest sales day of the weekend, with a predicted $90,000,000 in sales, up 62% from daily average sales. This would be the second-highest sales day of 2021, falling after 4/20, the unofficial cannabis consumption holiday.

 

 

 

*Shipment destined for highly anticipated South African medical cannabis

*First flower to be distributed legally in the country at a commercial scale

 

 

A York-based project to establish industrial hemp as a ‘major’ UK crop has secured six-figure funding.

The first development phase of the HEMP-30 project has been awarded £200k from the UK government’s Biomass Feedstocks Innovation Programme, funded through the Department for Business, Energy & Industrial Strategy’s (BEIS) £1bn Net Zero Innovation Portfolio.

The project, led by researchers at the University of York and Biorenewables Development Centre (BDC), aims to increase the amount of industrial hemp 100-fold in the UK from 800 hectares to 80,000 hectares.

New York, Aug. 26, 2021 (GLOBE NEWSWIRE) -- The Cannabis Society is pleased to announce that they are hosting a worldwide hybrid conference covering two distinct topics: European Medical Cannabis and North American MSO Growth and Consolidation on Tuesday, September 21st, 2021. This one-day conference will start with discussions surrounding European Medical Cannabis and move into North American MSO Growth and Consolidation in the afternoon. 

The Anantara Chiang Mai resort in Thailand has launched ‘healthy and nutrition-rich’ cannabis-infused food and drink at its on-site restaurant. Jenny Southan reports

National retail sales figures for July included a small segment called “miscellaneous store retailers,” in which the U.S. Department of Commerce included the no-longer-so-small cannabis dispensaries. 

With sales at the nation's miscellaneous store retailers increasing by 3.5% in July from June to a record $14 billion — at a time when total retail sales lagged — the Wolf Report looked at one state and concluded that the boom was partly driven by cannabis retail sales.

California at the forefront

The report's author, Wolf Richter, used California's cannabis market, currently the world's largest, as an example, and this is what he found out.

Top Marijuana Penny Stocks In August 2021

As the stock market continues higher are you looking for top marijuana stocks to buy? In the first quarter, the best cannabis stocks rallied until February 10th. Since that time the cannabis sector has declined for several months and is now trading near its lowest market value this year. In the first quarter of 2021 one area that saw significant gains is marijuana penny stocks.

A medical cannabis dispensary crowdfunded by residents in southwestern Pennsylvania will open its third location in October.

Maitri Medicinals, the number one craft flower producer in Pennsylvania, will debut a storefront in Greensburg just three years after entering the state’s competitive dispensary market.

 

Nets star Kevin Durant will be partnering with Weedmaps, an online market that sells marijuana. In the process, Durant wants to prove stereotypes made on marijuana usage in sports wrong. On the Boardroom, CEO Rich Kleiman sat down with the 2X NBA Champion and Weedmaps CEO Chris Beals on this matter. In the discussion, Durant kept things real:

 

“The band aid has been ripped off. In the sports world, it’s kind of an undercover thing that players use cannabis and used it while they were actively playing. I always thought that was an interesting thing, even as I started coming into the league. You hear the conversation more and more around the league about it.”

Key Points

These multi-state operators are some of the biggest names in the industry and could be solid options for growth investors.While Curaleaf is in the top spot for revenue today, that could change once the Trulieve-Harvest Health merger is complete.Green Thumb Industries and Cresco Labs are also neck-and-neck in revenue and aren't far behind the industry leaders.
 

Canadians looking for exponential gains can consider investing in the cannabis sector. Canada legalized marijuana for recreational use almost three years back, and now it’s quite possible for pot to be legalized at the federal level in the United States as well. However, while Canadian cannabis producers such as Aurora Cannabis (TSX:ACB)(NYSE:ACB) are struggling with lower-than-expected demand, negative profit margins, and a slew of other structural issues, their counterparts south of the border continue to grow at an enviable pace.

The U.S. Department of Agriculture (USDA) has announced it is again pitching in with financial support for organic producer and handler certifications.

Applying not just to hemp, the Organic Certification Cost Share Program (OCCSP) will help offset the costs of obtaining or maintaining organic certification under the USDA’s National Organic Program.

“USDA is here to help all producers, including those who grow our nation’s organic food and fiber,” said USDA Farm Service Agency (FSA) administrator Zach Ducheneaux. “Many farmers have told us that cost was a barrier to their ability to get an organic certification.”

The popularity of cannabis is not going anytime soon. In fact, cannabis sales in Canada are already skyrocketing. So, if you like to use cannabis to manage your everyday life and do not want to be stressed all the time, this article is just for you.

Understandably, if you are using cannabis for managing your medical condition, you’ll want to have your medicine stocked at all times. Moreover, you won’t want to pay a lot of money to get access to this as well. 

So, if you want to get access to quality cannabis strains without any troubles, consider buying weed in bulk (as long as you stay within your state’s regulations). Don’t find it convincing yet? Here are the reasons why buying cannabis in bulk will be a wise decision for you.

 

 

Where Pot Stocks Could Go in 2022

To some, it might be a little concerning to realize we’re already through two-thirds of the year. With most of 2021 in the rearview mirror, it’s time to consider what 2022 holds for marijuana stocks.

 

I, for one, continue to be very bullish on pot stocks.

Cannabis is a plant. Unlike other drugs, it doesn’t come from a lab. Since the ’60s, weed has been associated with earth-loving hippies and pacifists.

Yet, despite its natural origins, the weed industry is actually harming the planet. The industry’s carbon footprint is growing rapidly for several reasons. Together, these problems roll up into one huge, complicated joint.

So sit back, spark it up and get ready—this one is a doozy. 

The Environmental Impact Of Cannabis Alone

The problem of weed cultivation is a layered one. Its roots stretch into law, agriculture, racial inequity and interstate commerce. First, let’s start with the plant itself. 

The Native California ladybug voluntarily comes to Autumn Brands, eating all the aphids in their path and helping to produce cannabis crops without the use of insecticide sprays

Cilo Cybin Pharmaceutical Ltd. is considering an initial public offering in the next 12 months after becoming the first South African company to win the right to grow, process and package cannabis products.

The firm, named after the psychoactive substance in magic mushrooms, received the required certification from the South African Health Products Regulatory Authority. It will now be able to produce marijuana for sale to consumers around the world, founder and Chief Executive Officer Gabriel Theron said in an interview.

Schwazze (OTCQX), previously operating as Medicine Man Technologies, revealed Monday it has signed an agreement to acquire the assets of Brow 2, LLC, located in Denver, Colorado for $6.7 million in cash. The planned transaction includes a 37,000 square foot building (27,000 square feet of canopy) for indoor cultivation and equipment. (Article originally appeared on Benzinga by Nina Zdinjak)

 

This transaction continues Schwazze's aggressive expansion in Colorado and will significantly enhance the Company's cultivation resources, providing product directly to its seventeen Star Buds brand dispensaries.

The acquisition is expected to close in the third quarter of 2021 after the Colorado Marijuana Enforcement Division and local licensing approval.

The marijuana industry just changed by 360 degrees as tech companies are now buying MSOs and cannabis licenses.

The cannabis industry headlines lite up recently as software and delivery operator EAZE stepped up and bought an MSO. Ho-hum, nothing to see here, just a software and TECH company not getting bought by an MSO, but the exact opposite, a company that specializes in data and delivery buying a multi-state marijuana operation.

Let that sink in.

A technology platform backed by billionaire Peter Thiel and Privateer Holdings, just bought cannabis licenses in multiple states.  The entire deal flow of the cannabis industry has been changed forever.

The U.S. Department of Agriculture (USDA) has announced it is again pitching in with financial support for organic producer and handler certifications.

Applying not just to hemp, the Organic Certification Cost Share Program (OCCSP) will help offset the costs of obtaining or maintaining organic certification under the USDA’s National Organic Program.

“USDA is here to help all producers, including those who grow our nation’s organic food and fiber,” said USDA Farm Service Agency (FSA) administrator Zach Ducheneaux. “Many farmers have told us that cost was a barrier to their ability to get an organic certification.”