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Illinois is set to switch its cannabis seed-to-sale tracking system after delivering a Notice of Intent to award a contract to a new vendor. With the new contract, Metrc is poised to take over Illinois’ seed-to-sale tracking for licensed operators. To find more cannabis-friendly events in Illinois, visit here.
The 144-page report, compiled by the Cannabis Regulation Oversight Office (CROO), incorporates data from several state departments. The report also touts, as more evidence, Illinois’ $2,007,401,374 in sales during the past fiscal year. Illinois officials recently released the Annual Cannabis Report for Fiscal Year 2024.
Fortune Sing Up Akerna CEO On Same Day It’s Revealed How Much Washington Taxpayers Have Spent On Leaky Seed To Sale Tech. Washington state is scrapping its contract with a third-party, marijuana seed-to-sale traceability provider in favor of a more simplified system developed in-house, a first for any state cannabis program.
HerbalGram, the acclaimed quarterly journal of the American Botanical Council, recently published its 2021 “Herb Market Report,” which included data on sales of CBD as an herbal ingredient in mainstream and natural retail channels in the United States. E-commerce sales of CBD in the U.S. increase in annual sales.
(NASDAQ: FORA), a provider of technology, analytics and data science driven solutions for the healthcare and cannabis industries, announced that Connecticut has chosen BioTrack as the track and trace system for the state’s Department of Consumer Protection Drug Control Division. About Forian. Forian Inc.
Most states’ regulated cannabis regimes require licensed cannabis companies to use seed-to-sale track-and-trace software. Each of the three California cannabis agencies’ track-and-trace rules prohibit licensees from transferring cannabis to other licensees in the event of loss of access to the track-and-trace system.
Flora will use TruTrace’s blockchain-enabled platform for seed-to-sale tracking of its cannabis products – including integration of Applied DNA’s molecular tagging technology – to offer Flora’s customers a complete product validation and authentication solution. MIAMI & TORONTO–(BUSINESS WIRE)–Flora Growth Corp.
Schwazze is the parent company of a portfolio of leading cannabis businesses and brands spanning seed to sale. Schwazze is anchored by a high-performance culture that combines customer-centric thinking and data science to test, measure, and drive decisions and outcomes. OTCQX: SHWZ. About Schwazze.
On Monday, September 16 th Drummond Woodsum attended the state’s track and trace kickoff event hosted by the Office of Marijuana Policy (“OMP”) in Augusta. The Chief Operating Officer of BioTrackTHC, Moe Afaneh, gave a high-level overview of the company’s seed-to-sale software for state-level data collection.
Cannabis lawyers are heading to Brussels next week to challenge a recent decision by the European Union to reclassify food products containing cannabidiol (CBD) and prohibit their sale. This applies to both the extracts themselves and any products to which they are added as an ingredient (such as hemp seed oil).”. AUTHOR: Mark Taylor.
Through its dispensary network, the company offers products spanning flower, edibles, oils, and tablets, and manufactures popular brands including Seed & Strain, Triple Seven, Classix, Plant Sugar, Press, Amber and Platinum Label CBD. Our ability to begin operations solidifies our position as a leader in the state. “Our
With this agreement, , we will have the opportunity to shape the Israeli CBD market and leverage IMC’s new and expanding retail presence, distribution capabilities and data-driven insights to reach our patients and future consumers with a leading brand such as cbdMD,” said Oren Shuster, IMC’s CEO. IMC also operates MYM Nutraceuticals Inc.
At an HIV Community Cannabis Education event held in Toronto, a cannabis company proudly declared their company had not had a single product recall to date. triggering new innovations and improved data quality through better user experiences. Authored By: Arundati Dandapani. Product Quality in Manufacturing.
Reporting on the the fate of CBD food and supplement products as early as February last year, Nutraingredients commented , “ Further news reports suggested the UK’s Food Standards Agency (FSA) now want CBD food products removed from commercial sale while the application to permit its use is finalised. ”. Content Sections. ? Where to now?
In the latest episode of the Cannacurio Podcast from Cannabiz Media, my co-host, Amanda Guerrero, and I discuss speak with Lews Koski, Chief Operating Officer of Metrc , a leading seed-to-sale track-and-trace technology company for the cannabis and hemp industries. Press the Play button below to watch and listen to the podcast. ?
The platform supports sales and marketing decisions for a wide range of CBD products based on quality, popularity and price point, allowing distributors and retailers to maximize returns and increase sales efficiency. The platform collects real time data and pre-screens the data for quality and content. Norwood, MA, Aug.
Cannabis Jobs in 2022- From Seed to Sale. Based on 2022 cannabis salary data , industry salaries are expected to slightly increase over last year’s salaries. Arizona – Adult-use sales began at the start of 2021. Here is our cannabis employment report 2022. State of Cannabis Employment – 2022 Update. cannabis industry.
26 with approximately 10,000 hemp seeds planted in a single day. The Company has executed a sales agreement to sell $1 million worth of DrillWall over the course of one year. (Read the full press release here.) . CEO Bruce Perlowin’s role as the subject of the No. 1 most watched CNBC documentary of all time “Marijuana Inc.”. “In
dba Cova (“Cova”), a leading point of sale (“POS”), inventory and compliance software business serving cannabis dispensary retailers in North America. “We The LOI sets forth a proposed purchase price of $90 million, to be paid in a combination of cash and shares of the Company’s common stock, subject to customary adjustments. About Cova.
In total, actual recreational marijuana sales are happening in 11 states. The Virginia legislature now has passed a bill that would legalize sales starting in 2024; legislators are currently working with Gov. As the table indicates, most states have applied a price-based ( ad valorem ) tax on retail sales of recreational marijuana.
Greenlight comes to the medical market with nearly a decade of cannabis experience spanning several states where medical and adult use cannabis sales are already legal. BILLERICA, Mass., About Greenlight. Greenlight’s executive team comes from the wildly successful Acres Cannabis of Las Vegas, Nevada and Eureka of California.
Flora Pharma will seek to identify scientific gaps in the cannabis industry and ultimately work to translate that to pharmaceutical cannabis products backed by data. The immediate next steps are to submit data for ethics committee review and approval whereupon acceptance, further details will be provided. “A
This advisory provides an overview of key regulatory activity and priorities that should be on the radar of any company engaged in the development or sale of products that contain CBD. 2 At the conclusion of the meeting, FDA stated that it would form an internal working group to study data gaps relating to CBD. Godfrey , Evelina J.
Ohio is a key state, currently a top-five market for Columbia Care, with year-to-date state sales up more than 110 percent year-over-year and annualized runrate sales of more than $370 million for 2021. We are grateful to the State of Ohio for its support and have enjoyed the last few years working with the CannAscend team.
CHICAGO–( BUSINESS WIRE )– Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or “the Company”), a vertically integrated multistate operator and the number one U.S. The Transaction is expected to close in Q4 of 2021. “As Laurel Harvest Operational Highlights. Approximately 52,000 sq. of indoor grow/processing space.
The crops grown from seed by Greenheart CBD which is an Irish company owned by Paul Walsh and Mark Canavan. The crops grown from seed by Greenheart CBD which is an Irish company owned by Paul Walsh and Mark Canavan. Presenting Greenheart CBD – a company about to embark on a journey in an industry that is exploding. Paul Walsh.
Adds Approximately 400,000 Square Feet of Cultivation and Production Capacity as well as Four Operational Dispensaries and Six In-Development Dispensaries in Key Markets. Immediately Accretive to Columbia Care Gross Margin, Adjusted EBITDA and Free Cash Flow with Acquisition Multiple of Approximately 4.8x 2021 Adjusted EBITDA. Additional Highlights.
CHICAGO–(BUSINESS WIRE)– Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or “the Company”), a vertically integrated multistate operator and the number one U.S. The Transaction is expected to close in Q4 of 2021. “As Laurel Harvest Operational Highlights. Approximately 52,000 sq. of indoor grow/processing space.
A unionization effort filed for 17 employees at the Curaleaf medical dispensary in Hanover, Mass., went all the way to Washington, D.C., before a final decision on the results of a mail-in election was made earlier this month. The majority of ballots had been challenged, some of which remained sealed in the final vote count.
A unionization effort filed for 17 employees at the Curaleaf medical dispensary in Hanover, Mass., went all the way to Washington, D.C., before a final decision on the results of a mail-in election was made earlier this month. The majority of ballots had been challenged, some of which remained sealed in the final vote count.
A unionization effort filed for 17 employees at the Curaleaf medical dispensary in Hanover, Mass., went all the way to Washington, D.C., before a final decision on the results of a mail-in election was made earlier this month. The majority of ballots had been challenged, some of which remained sealed in the final vote count.
Our 24% revenue growth vs market headwinds on the west coast (Oregon sales down 7%) validates the strength in our products and our team” said Obie Strickler, CEO of Grown Rogue. Michigan operations (through Golden Harvests, LLC) report industry leading gross margin of 72% and aEBITDA 1 margin of 52%, before fair value adjustments.
Record Adjusted EBITDA of $31.0 Million, an increase of 634% YoY, 89% QoQ. Record Adjusted EBITDA Margin of 23%, an increase of 1,564bps YoY, 848bps QoQ. Revises 2021 Guidance to $470M – $485M Revenue, $85M – $95M Adjusted EBITDA and 46% Adjusted Gross Margin for Full Year 2021. NEW YORK–(BUSINESS WIRE)–Columbia Care Inc.
A unionization effort filed for 17 employees at the Curaleaf medical dispensary in Hanover, Mass., went all the way to Washington, D.C., before a final decision on the results of a mail-in election was made earlier this month. The majority of ballots had been challenged, some of which remained sealed in the final vote count.
Ringo said he would sell his seeds for as little as $5.). They sat in a circle at a house in the hills a few hours north of San Francisco — where wine country becomes weed country — to discuss the therapeutic potential of CBD, and how to get people to take it seriously.
If youd like to see data, the Oregon Criminal Justice Commission program published a recent report here. If youd like to see data, the Oregon Criminal Justice Commission program published a recent report here. Most of it will be scaffolding and maintenance. SB 162 This is one of the omnibus bills, and one to watch. Makes sense!
We provide the system and tags that track products from seed to sale – and everything in between: harvest, manufacture, testing, and transportation. We work with regulators to help monitor the industry, make sense of the vast amount of data in our system, and ensure public safety through product tracing and investigation support.
They write… As the global COVID-19 pandemic drags on around the world, the damaging effects to mental health are becoming more and more apparent. With a 25% increase in suicide rates in young adults and over 50% of all adults reporting some type of mental health issue (depression, anxiety, stress, etc.), Source: [link].
of Tax and Fee Administration [“CDTFA”] is the administrative agency for business entities that are subject both to Sales Tax, and to Cannabis Cultivation TAX [“CCT”] and Cannabis Excise Tax [“CET”]. The predecessor to CDTFA, the Board of Equalization [“BOE”] was the agency that administered Sales Tax before CCT and CET.
As more countries legalize or decriminalize the cultivation, manufacture, sale, and use of cannabis, companies across a variety of industries are looking for opportunities to capitalize on this emerging market. Selinger cites software, point-of-sale systems, and packaging as areas that are thriving in the state.
billion raised in 2020 by SPACs, which are publicly traded shell companies with no operating businesses, according to Chicago-based data firm SPAC Research. About $3 billion in cannabis SPACs have launched since 2019, according to New York-based financial adviser Viridian Capital. That is a small percentage of the record $83.4 SPAC concerns.
. — Rep. Nancy Mace (@RepNancyMace) November 15, 2021. Marijuana Moment report. Several Republican members of Congress introduced a bill on Monday to federally legalize and tax marijuana as an alternative to pending far-reaching Democratic-led reform proposals and scaled-down GOP cannabis descheduling legislation. Geoffrey Lawrence.
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