WeedLife News Network

Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife News Network.

Cannabis Global CEO talks revenue growth, new products and vertical integration in light of possible federal cannabis legalization

Cannabis Global, Inc. (OTC PINK:CBGL), an innovation-oriented company investing in disruptive cannabis technologies, today releases an update letter from its CEO on recent and upcoming events.

Dear shareholders of Cannabis Global, Inc.

Over the past week, a considerable amount of attention has been focused on the Cannabis sector with two possible congressional actions to create a nationwide legal framework for both recreational and medical cannabis usage. With increased focus on the sector, I thought it would be an excellent time to provide our shareholders with an update on the very positive developments occurring at our company.

Revenue generation: As we have recently announced, our company is beginning to gain traction, which is clearly being seen in the growth of our revenues across multiple sectors. While we have not yet reported results for our most recently closed fiscal quarter, which ended on February 28, we expect the growth patterns we experienced late last year to continue. This revenue growth is being driven by new products entering the market, an increase in our distribution efforts, and the acquisition of numerous new retail dispensary customers throughout California. We expect these trends to not only continue, but to likely accelerate.

Successful revamping of product mix: As the cannabis consumption in the primary metropolitan areas of California has matured, cannabis customers are demanding a variety of new products. We have followed one of the major growth trends in the industry and revamped our product offerings accordingly. Our Live Rosin products, which are produced without any solvents, continue to gain strong traction with multiple orders coming into the company. As a result, we have significantly geared up our manufacturing capability in this area. We are expecting the solventless trend to accelerate as we move throughout 2022.

Product line acquisitions: We recently announced the acquisition of several product lines from a successful branding and marketing group, Caliwanna. These grants are now being marketed through Cannabis Global and we are working with Caliwanna‘s staff to immediately bring our current products to a much wider dispensary audience throughout California. This will include not only our solventless extract products, but also Live Rosin infused pre-rolls, and cannabis infused edibles.

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Celadon's cannabis plans take root through AIM reversal

Summerway Capital seals Celadon's acquisition with name change

Celadon Pharmaceuticals started trading on AIM in the first listing of a medicinal cannabinoid company since GW Pharma floated on AIM in June 2001.

GW Pharma has since departed to Nasdaq, but Celadon is looking to the UK market to expand its business.

It is one of the first pharmaceutical companies to receive a Home Office licence to grow high tetrahydrocannabinol (THC) medicinal cannabis.

The company will use a 100,000-sq ft lab in the Midlands and initially target the chronic pain market but is looking into the use of cannabinoids in other fields, including autism.

Celadon listed after a reverse takeover of  Summerway Capital PLC (AIM:SWC) (Summerway Capital PLC (AIM:SWC)) by medical-cannabis company Vertigrow Technology in an all-share deal worth £80mln at a price of 165p.

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Mandatory pesticide testing begins April 2 for all cannabis products in WA

Protecting consumers from unhealthy products is key for cannabis growth worldwide

Several years after Washington's legislature first discussed these requirements, the state has finally approved compulsory pesticide testing for all cannabis products produced and sold in the state. Cannabis manufacturers have a duty to meet the demands of cannabis users in a state. For profit reasons, some of these operators have settled for harmful chemicals to increase the output of their crops. These chemicals include insecticides, pesticides, and inorganic fertilizers. Many of them are unfit for human consumption.

Since the first month of cannabis legalization in Washington, users have found it quite challenging to know the components of the cannabis products sold to them. A lot could go wrong, from cultivation to the final packaging of cannabis products. And these companies, cultivation facilities, and producers rarely come out to explain what goes on behind the scenes.

The Washington State Liquor and Cannabis Board (LCB) proposed third-party tests to help cannabis users know if the products to be ingested are safe.

Pesticide Testing

In legal countries and states, cannabis products undergo several third-party tests to ascertain that they're fit for consumption. However, most of these legal areas fail to necessitate pesticide tests for these products. There are different methods for carrying out pesticide tests, but the most common is the use of a liquid chromatography-mass spectrometer. This equipment can detect even the tiniest traces of toxic chemicals used as pesticides. Ensuring that the customer's safety is not compromised.

Washington State's state cannabis regulators noticed the growing use of pesticides in the cannabis and hemp industries months after the state began its medical program. However, the growers claimed that they only use pesticides with zero harmful effects. Yet, feeble tests have proved that these claims are untrue. Cannabis products are starting to become mainstream products, and it would be risky to carry on the medical and recreational cannabis sectors without enforcing these critical tests.

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Construction begins on Sittingbourne medicinal cannabis facility

Construction has begun on a medical cannabis manufacturing facility which will create more than 100 jobs.

Jazz Pharmaceuticals is investing £75m in a plant based at Kent Science Park (KSP) in Sittingbourne, Kent.

The site, which is due to open in 2024, will support the company's production and development of cannabis based medicines.

Science Minister George Freeman said it was a "big sign of confidence in the UK life science ecosystem".

He added: "Not only will this investment support the creation of over 100 additional highly skilled jobs in the region, it is a sign of UK expertise in cannabinoid science and medicines serving the UK and beyond."

'Strategic investment'

Jazz Pharmaceuticals currently manufactures the extract, active pharmaceutical ingredients and the formulated drug products at KSP, occupying 12 buildings with more than 400 employees.

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Meet Rosie: The robot ensuring adequate cannabis supply as recreational sales start April 1

We're continuing to look ahead to next week, as recreational cannabis sales will begin April 1 in New Mexico for those 21 and older, by checking in with local dispensaries.

Dispensaries are training workers, ramping up supply and have even invested in automation to ensure they have enough supply. 

"The biggest thing in cannabis is just making sure you have enough supply both to meet the demand of the current medical cannabis community and also as we welcome adults over 21 into our stores," said Trishelle Kirk, of Everest Cannabis Co. 

Last year, as Everest Cannabis Co. was preparing to supply a much bigger market, they invested in some automation equipment. 

"A) It helps us scale up production but B) it also helps us have a very accurate experience for our customers – which we find very important," Kirk said. 

One of the robots is named Rosie, a filling machine used by the company. 

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How to stop pot-shop robberies: Allow stores access to banking

By citizen initiative a decade ago, the people of Washington legalized a regulated market for recreational cannabis. As a leading state to end this prohibition, Washington has seen the rise of a $1.4 billion-a-year industry now generating well over a half-billion dollars in annual state revenue. The growth of our state’s cannabis industry is remarkable since outdated federal drug and banking laws prohibit the agricultural, processing and retail cannabis industries from using financial institutions, forcing business owners to conduct business almost entirely in cash. Despite U.S. Treasury policy that essentially consents to state-authorized cannabis sales, nearly all financial institutions are still federally banned from the cannabis market. This is far more than just an accounting burden. The effects are felt throughout the cannabis industry ecosystem. This ban on banking denies access to small business loans, blocks equitable access to capital and complicates life for industry workers whose income is based on cannabis sales. Also, critically, it means stores cannot use credit cards and must transact almost exclusively in cash.

Being a cash-based industry is more than an antiquated logistical problem in a world of digital commerce; it creates a 21st century Wild West in which armed hold ups and storefront heists are a daily industry reality. Violent crime in the cannabis sector has risen more than 675% in the first few months of 2022, compared to all of 2017, according to Uncle Ike’s i502 Robbery Tracker. Recent reported robberies in Bellevue, Covington and Tacoma, which turned deadly, have brought this issue to the forefront.

These robberies are horrific; they are also not unique to Washington and are preventable. The common-sense solution is for Congress finally to legalize cannabis banking and get the industry away from cash. This change will reduce the incentive for quick cash heists, resulting in greater public safety by allowing cannabis retailers to operate like all other small businesses.

The SAFE Banking Act of 2021 (H.R.1996), sponsored by Rep. Ed Perlmutter (D-Colorado), has already passed through the U.S. House of Representatives on a vote of 321-101 and is the bipartisan solution that would allow financial institutions to provide banking services to state-licensed cannabis businesses.Earlier this month, I traveled to our nation’s capital to unite fellow state treasurers on this critical issue and to meet with members of Congress to strategize and find a legislative path forward in the U.S. Senate.

The U.S. House of Representatives has now passed the SAFE Banking Act six times, due in large part to past advocacy from industry leaders and then-Rep. (now Lt. Gov.) Denny Heck. The legislation has repeatedly stalled in the Senate Banking Committee. With the current slim Senate Democratic majority — and Washington’s influential representation in D.C. — I have hope this year.

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South Dakota picks seed-to-sale tracker to monitor growth, sales of legal cannabis

A New York-based software company will help South Dakota's cannabis industry and its regulators monitor the flow of marijuana in the state's legal market.

The Department of Health this month finalized a contract with Metrc, which will provide exclusive seed-to-sale tracking for the state as a medical marijuana program is implemented.

Using what's called "radio-frequency identification (RFID)," Metrc will monitor and record the life stages of all cannabis plants and the products they eventually end up in, a process called for as a public safety precaution within the voter-approved initiated measure that legalized medical marijuana.

"As South Dakota continues to ramp up their recently implemented medical cannabis market, we are thrilled to have the opportunity to spearhead the state's first-ever track-and-trace program," Metrc CEO Jeff Wells said. 

All licensed cannabis businesses in South Dakota, from dispensaries to cultivators, are required to participate in DOH's tracking program, though they are allowed to use other monitoring systems. But they must interface with Metrc.

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REEFER Token signs exclusive agreement with cannabis AI pioneer VisiCann to be exclusive seed to sale NFT partner

VisiCann is a pioneer in developing and applying the world's most advanced AI technology for cannabis and hemp extraction

Los Angeles, California--(Newsfile Corp. - March 17, 2022) - REEFER Token ($REEFER), the revolutionary crypto platform for the cannabis industry has signed an exclusive partnership agreement with VisiCann Technologies, a pioneer in artificial intelligence (AI) algorithm technology for post-harvest cannabis & hemp. VisiCann will be REEFER Token's exclusive partner for seed to sale NFTs that will launch with growers and brands in the near future. VisiCann's ground breaking technology will provide AI backed technology ensuring accuracy and authenticity documenting exact cannabis seed and strain types.

REEFER Token founding team commented, "The REEFER Token team is very excited to enter into an exclusive partnership with VisiCann. They are a great partner for us to really solidify REEFER Token as a leader in seed to sale technology. Growers and brands will have access to the best AI technology with our NFT's incorporating VisiCann technology. This partnership with VisiCann further establishes REEFER Token's place in the cannabis industry and brings us further to our goal to be the ultimate crypto cannabis ecosystem for all stakeholders in the sector. It's very fitting that today is St Patrick's Day; we celebrate the Green growth of REEFER Token with some fine green bud that can be verified by VisiCann technology. We hope all of our members in the REEFER Token community have a GREEN day!"

Eli Duffy, CEO of VisiCann commented, "I am happy to partner with REEFER Token. I have been very impressed with their team and growth over the past few weeks since launch. Their concept is revolutionary for the cannabis space. VisiCann has been at the forefront of AI technology for hemp and cannabis industries. Partnering with REEFER Token expands our reach into the crypto industry and the cannabis leader in the space. Excited for the future to come!" Eli Duffy has had a successful track record in the tech space. His companies have won technology awards from prestigious universities, including VisiCann, which has a working relationship with many of Israel's top research institutions. VisiCann is based out of Tel Aviv-Yafo.

REEFER Token last week struck a deal with Kandy Girl and its virtual THC dispensary in Decentraland that REEFER Token holders receive a 50% discount on any products purchased at either location using the discount code REEFERARMY. Kandy Girl joins the American Cannabis Society in Madison, WI, Collins Vape and Tobacco, and its 4 other shops in the Miami-Dade area accepting REEFER Token. Discussions are currently underway with a number of other dispensaries, vape shops, and other outlets to accept REEFER Token.

REEFER Token is listed on Crypto, the world's largest and fastest growing crypto application and index, Coinbase, the preeminent crypto currency platform, CoinMarketCap and CoinGecko. Currently REEFER Token is only listed on these platforms and not available to be traded. REEFER Token is currently available for sale on Pancake Swap. Check REEFER's Telegram chat here for up to the minute details on new developments for the platform and token.

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Mixing medical mushrooms and cannabis for cancer care

Cannabotech’s idea is not to replace existing cancer treatments but to enable a patient to have fewer treatments with the same benefit.

Can cannabis cure breast cancer? Not yet, unfortunately. But according to Herzliya-based startup Cannabotech, when paired with medical mushrooms cannabis may one day be able to reduce the amount of chemotherapy patients need to take.

“We know that patients need a minimum amount of chemo, but a lot of people can’t survive this because of side effects, so they stop the treatment,” explains Elchanan Shaked, CEO of Cannabotech.

Taking a Cannabotech supplement could shift the balance, claims the company.

Cannabotech’s treatment, which has been studied so far in cell models, not only may reduce the amount of chemo treatments needed, it also seems to be up to six times more effective in killing cancer cells when used alongside standard chemotherapy — regardless of the dosage — compared to existing treatment, Shaked asserts.

In the lab, it increased the mortality of cancer cells from 10 to 60 percent.

Cannabotech is targeting five cancers to start. In addition to breast cancer, the company is studying how its treatment will work with pancreatic, colon, lung and prostate cancer.


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Ready Green guide businesses on conversion focused cannabis SEO strategies

Ready Green presents a new guide that educates businesses on conversion-focused cannabis SEO strategies. The guide was compiled by the company’s digital marketing experts and released amid the rise in marijuana legalization across different states in the U.S. The article was published on Ready Green’s website to highlight the need for specialized cannabis SEO for businesses in the industry. 

Marijuana is being legalized at an unprecedented rate in the United States. As a result, more and more investors and businesses are joining the marijuana industry. Businesses selling marijuana products greatly benefit from SEO, considering the still sensitive and complex situation involved in advertising marijuana online. SEO is essential for getting the word out about the marijuana dispensary. This publication aims to address the need for SEO strategies for cannabis businesses.

According to Ready Green, the guide was produced after in-depth research by their experts. The primary focus of the guide is on SEO tips cannabis businesses need to implement to grow their online presence. The new article further sheds light on the company’s top-driving key performance indicators of a successful SEO and effective marketing. The experts in the guide explained the four main areas of search engine optimization strategy for marijuana companies. The guide was published as part of their regular research on cannabis SEO. For more information on the importance of local SEO in the cannabis industry, readers can visit their page.

“Investing in an effective SEO marketing plan can pay dividends for a marijuana dispensary. This guide explains how cannabis companies can get the words out about their businesses through such SEO strategies. It helps businesses find the right digital marketing strategies for them by providing several critical cannabis SEO tips to keep in mind,” said the Ready Green Team.

Since the launch of the company, Ready Green has provided its marijuana SEO and digital marketing services. It hosts an extensive library of online resources for business owners in the cannabis industry to help them understand the basics of internet marketing. The cannabis marketing agency aims to help cannabis businesses by delivering information, advice, research, reviews, comparisons, analyses, and practical tips on ways to make a cannabis business stand out, drive more leads & traffic to its website, and increase conversions & ROI. Its blogs cover all aspects of cannabis marketing, from cannabis branding, advertising, and social media marketing to cannabis website design and public relations. Readers can learn more about cannabis advertising by visiting their page.

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Crypto Cannabis Club brings together NFTs and premium flower in collaboration with CampNova and V-Fi

Real-World Cannabis Meets the Metaverse Community in California Debut of Three Strains, With Exclusive Club Member Benefits and Discounts

Crypto Cannabis Club (CCC), the original NFT collection and metaverse community for crypto and cannabis enthusiasts, today debuted its first-ever cannabis line, available across California on delivery platform CampNova. The three premium strains come in limited-edition packages, complete with a QR code, powered by blockchain authentication platform V-Fi. Customers will use their smartphone to scan the QR code on the package, initiating a process powered by the V-Fi app to unlock a collectible NFT featuring CCC’s packaging art.

In addition to the packaging art NFTs included with every purchase, three lucky customers will find a Golden Ticket in their CCC cannabis package. Each Golden Ticket is redeemable for one of CCC’s exclusive NFToker NFTs. Valued at more than $1,000, CCC’s flagship NFTokers include additional benefits from CCC.

The newly launched strains—Grapes and Cream, Purple Granimals and Garlotti—retail for $50 for an eighth ounce (3.5 grams). CCC’s community of NFTokers receive a special 30% discount for this release. CCC plans to reinvest proceeds into future product releases, with the goal of increasing the discount for club members to as close to 100% as possible while adhering to local retail regulations.

"Creating ways to bring the cannabis community together for real-world and virtual experiences is what this club is all about," said Ryan Hunter, CEO of Crypto Cannabis Club.

"Our cannabis brand release is another step in building the bond between these experiences—that’s why we’re taking the proceeds from this release and putting it toward growing the discounts for our community."

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Drones and autonomous systems take cannabis industry profits higher

 

In states that allow cannabis cultivation, companies have turned to advanced technology to increase efficiencies in crop management, production and delivery. Exploring the cannabis landscape reveals how drones and robotics are taking cannabis business profits higher.

Cannabis has two different names: hemp and marijuana. The primary distinction is the plant’s delta-9-tetrahydrocannabinol (THC), or psychoactive chemical, content. Under U.S. federal law, hemp must contain 0.3% or less THC content by dry weight.

Although this plant is used to produce a wide range of food and non-edible products, regulatory uncertainty remains a barrier to fully realizing the potential of this multibillion dollar market. Nevertheless, cannabis companies are increasingly turning to drones and robotics to help reap medicinal and societal benefits and accelerate companies’ bottom lines.

A historical trip

As far back as 8,000 years ago, Mesopotamians cultivated cannabis plants for a variety of uses. In colonial America, George Washington, Thomas Jefferson and James Madison all grew it; Betsy Ross’ original flag was made from its fiber. In the early 1940s, hemp production bloomed in support of World War II efforts, being used to produce cloth, rope and other materiel.


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A new agtech robot enters the crop monitoring category

I’ve suddenly found myself writing a lot about agtech of late. Maybe it’s because spring officially sprung over the weekend – or perhaps it’s that pesky impending environmental collapse that’s frequently top of mind. Whatever the case, I’ve mostly been lamenting a general lack of traction among robotics in the category, so I’m always happy to see a new contender emerge.

A lot of this stuff is also probably top of mind given that the World Agri-Tech Summit is currently happening in San Francisco. Today at the event, Growmark and Solinftec announced a partnership set to bring an unnamed agtech robot to the market. The product is being field-tested for the remainder of the year, and the companies are planning/hoping to bring it to market at some point in 2023.

The robot functions similarly to a number of products we’ve seen attempting to address a potentially large market, including recent addition Verdant and a bunch of startups John Deere keeps buying. It effectively rides around the field autonomously, scanning for things like crop health and nutrition, along with potential trouble areas like pests and weeds. That information is collated and sent to the farmer for action.

“We’re taking our robot directly to the fields for practical implications,” Solinftec COO Daniel Padrão said in a release.

“This cutting-edge technology will help develop agricultural solutions and support sustainable farm practices. We are honored to have such a progressive partner as Growmark to move forward with this first launch as we continue to work together to support farmers on seizing the opportunities in agriculture.”

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How nuclear power and hemp can help solve scarcity

Now is not the time for partisan arguments or preserving the status quo of powerful and influential industries.

The last two years have been a wakeup call for humanity: Decades of dire warnings from experts in nearly every scientific discipline have converged on us seemingly all at once. We are mired in a global pandemic that has exposed weaknesses in -- and created major interruptions to -- the supply chains for food, fuel, labor, and goods. We've experienced significant weather events and shifts in seasonal weather behavior that can only be attributed to the human impact on climate change. Species are going extinct at an alarming rate. Plastic pollution is choking our oceans and land. The list just goes on and on.

Scarcity is the root of all our major problems 

For generations, most of the world's problems have been attributed to the scarcity of resources -- who has it, who doesn't, and what means will be undertaken to control it or obtain it. Wars, inequality, hunger, and economic turmoil ultimately boil down to the haves and the have nots on a global scale.

Now, likely as an outcome of this overall scarcity, a Central European conflict instigated by Russia upon the nation of Ukraine is leading towards massive increases in global petroleum and natural gas prices, in addition to causing potential interruption of about 25% of the world's grain supply that is locked up in Russia and Ukraine. 

As just one opinionated technologist, I won't presume to have solutions for all of the world's extremely complicated economic and geopolitical problems. But I believe that individual nations can take specific actions to minimize these impacts on their own citizens.

What to do about the fuel

Let's start with petroleum and natural gas -- two resources that are not renewable, in limited supply, and controlled by a limited number of nations. 

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5 best delta 8 carts online: THC vape cartridges from top D8 brands

If you’re someone who considers themselves a regular smoker, you’ve most likely stumbled upon Delta 8. The Delta 8 cannabinoid is the new alternative to marijuana, especially for people who rarely smoke or have never done so before.

This is because Delta 8 THC provides a more mild, mellow high without unwanted side effects like anxiety, paranoia, or nausea.

And what better way to try this remarkable cannabinoid than cartridges. The best Delta 8 carts will provide a fast-hitting, potent high while letting you enjoy a slew of different delicious flavors.

Carts come with a pre-filled delta 8 distillate, they are convenient to use, and you can easily dispose of them.

Whether you’re an experienced smoker or someone who wants to try delta 8 for the first time, you need to find a brand you can trust. With delta 8 becoming so popular many cheap knock-off brands have appeared, making it hard to find a high quality product you can trust.


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How Science and Technology is Revolutionizing the Cannabis Industry

Cannabis development is highly attributed to plant breeding and targeted cultivation strategies. Crops themselves are entirely different from those in the 1970s, and we’ve learned a lot by fine-tuning our techniques.

According to Anders Peterson, Cannabis Operations Specialist at InSpire Transpiration Solutions, science and technology have been game-changing for cannabis development.

“We’ve been able to collect a significant more amount of data and learn from it, even just over the past five years,” said Peterson. “Besides that, the technology used to create a controlled environment inside in terms of lighting, fertigation, HVAC, have allowed us to also optimize plant growth and production and efficiency in these spaces.

In the same ways that farmers learn over time what crops grow best in what areas, we learn to isolate environmental factors to optimize plant growth. Starting with data collection, we better understand what the plants need.

These developments have decreased the number of days plants take to reach maturity and, in turn, increased the number of harvests a year within greenhouses. Specifically, within InSprire Transpiration Solutions, technology has increased harvest cycles from four per year to six. Similar techniques are developing in outdoor cannabis development and production.

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Social media is a minefield for the cannabis industry. Are solutions on the horizon?

Challenges facing the cannabis industry on social media apps including Instagram and Facebook have come to a crisis point.

It’s become increasingly common to see cannabis industry brand pages with massive, devote followings, deactivated for violating community guidelines. Because of the strict guidelines on “illegal drugs,” and marijuana being lumped into that category regardless of operations in fully legal states, Meta, the company that owns Instagram and Facebook, has cracked down hard on cannabis. Even using the best tips and guideposts for avoiding deletion and shadowbans on social, companies and influencers are getting flagged left and right.

What can be done?

Social media competition is fierce

For years, people within the legal weed industry have speculated that companies purposefully use the “report” feature on many social media apps against their competitors in the space.

Are brands and cannabis influencers really weaponizing social media?

“100% yes,” says Tammy Pettigrew, educator and business owner in the cannabis space with a massive following on social as The Cannabis Cutie.

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Waitr not planning to buy cannabis software company, reports loss of $8.1 million in 2021

Waitr is no longer planning to purchase a software company that helps streamline cannabis dispensary sales, the company said Friday, though it does intend to pursue a relationship as Waitr continues to try to expand into cannabis delivery.

In December, the Lafayette-based company announced it had entered into a letter of intent to buy Retail Innovation Labs, or Cova. The two companies scrapped the agreement on March 10, but Waitr said it is still looking at a partnership that would allow Cova customers to arrange payment for delivery services.

"These discussions remain preliminary and there can be no assurance that a definitive agreement with respect to this arrangement will be entered into or consummated in the near term or at all," the company said in a release.

The announcement came as the company reported its fourth quarter and yearend results for 2021, which saw the company lose $8.1 million in the quarter and $5.2 million on the year. In 2020, the company posted a profit of $15.8 million.

The company also said it was moving ahead with plans to rebrand as ASAP, which it said better reflects its mission to "deliver anything."

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Cannabis tech giant pledges $1M to help free people imprisoned on marijuana charges

Kevin Allen is currently serving a life sentence without the possibility of parole in Louisiana after he was convicted for selling $20 worth of cannabis.

Allen is one of more than 15.7 million Americans arrested for cannabis offenses over the last 20 years.

What Happened

The Last Prisoner Project, a nonprofit dedicated to undoing the harms of the failed war on drugs, recently launched a campaign to free Allen. That campaign, and thousands of others like it, received a significant boost on Monday as the Last Prisoner Project announced a new wide-reaching partnership with cannabis technology platform, Dutchie.

To kickstart the partnership, Dutchie is matching $1 million in donations from their dispensary partners and cannabis consumers, in addition to a $100,000 donation upfront to the Last Prisoner Project.

Why It Matters

The new partnership will provide support across several initiatives, including expungement of criminal records, re-entry support, criminal justice policy reforms, industry event coordination and technological avenues to exponentially increase charitable contributions. Lastly, the new funding will enable the Last Prisoner Project to give at least 400 new grants to help formerly incarcerated individuals reenter society and build their lives back.

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Dreamer Dispensary in Southampton finds workaround for credit card cannabis customers

 

Dreamer Dispensary in Southampton is using blockchain technology — the same computer code that drives cryptocurrency — as a workaround allowing customers to buy cannabis products with credit cards.

“Dreamer’s ability to figure out how to allow consumers to pay by credit card speaks volumes to our commitment to innovation,” said Kevin Perrier, chief operating officer of Dreamer.

“We’re trying to lead the way in consumer selection and customer service, innovating every day to bring customers the best experience. Our new credit card payment model is another example of that.”

Credit card purchases will help bring recreational cannabis, now a $1.4-billion-a-year industry in Massachusetts, into the mainstream, Perrier said. The recreational cannabis business has brought in $3 billion in Massachusetts since the first legal retailers opened in 2018.

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