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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.
Fast-Growing Startup Secures Strategic Multi-Million Pre-Seed Investments from Executives at Blue Apron, Kellogg’s, USDA and others. The company also announced $1.75mm of strategic pre-seed funding from current and former leaders at several top companies and government agencies including Blue Apron, The Kellogg Company, USDA and more.
Cannabiz Media’s new research report – Cannabis Software Stack – has been published and provides critical insights about seed-to-sale and point-of-sale software license opportunities (i.e., The full version of the white paper is available for free to Cannabiz Media License Database subscribers.
Cannabiz Media Software Stack Summer 2021 Report. Last summer, Cannabiz Media published its first Cannabis Software Stack Report where we juxtaposed state license counts against all the companies that connect to METRC and Leaf Data Services in WA. Be the first to know when new content like this is available! Introduction.
The FDA has provided clarity that hulled hemp seed, hemp protein powder, and hemp seed oil can be legally used in foods. To understand the breadth of issues and gather data on safety we have conducted a public hearing, reviewed the medical literature, and have an open public docket.”. The FDA needs to act.”
One of the trends driving sales is consumer preference for edibles and concentrates. During the first six months of 2018, cannabis concentrate unit sales rose by a whopping 94.6 per cent, while edibles unit sales have rose more than 13 per cent. per cent rise in sales of dried bud.
Retail licenses for Oklahoma’s medical cannabis program declined 8% in 2020, the first contraction for the open-license market since MMJ sales began in 2018. market for dispensary licenses grew 12%, with other large, mature markets such as California, Colorado and Oregon continuing to add retail licenses in 2020, Cannabiz Media reported.
We juxtaposed state license counts against the 320 companies that connect to METRC and Leaf Data Services in WA. We juxtaposed state license counts against the 320 companies that connect to METRC and Leaf Data Services in WA. Applications may include ERP, seed-to-sale, compliance, and supply chain/logistics.
The Financial Times explains: “The excitement over cannabis in Colombia has reached fever pitch with some local media reports suggesting the country could supply two-fifths of the world’s marijuana and earn more from it than it does from coal or cut flowers. Colombia is about to get hit with some rules. Strict Regulations. .
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.
When we founded Cannabiz Media, our choice was to focus exclusively on cannabis licenses, companies, and contacts. Be the first to know when new content like this is available! Subscribe to our newsletter to get alerts about new posts, local news, and industry insights. Your submission has been received! Business Formations.
Unless an indoor grow or greenhouse operation has shelled out huge money for automated solutions, the clones, cuttings or seeds most likely are going into some type of growing medium via manual labor. The organic media Banks uses is engineered to have specific and reliable air- and water-holding capacity. “The Labor Tips.
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. Cannacurio Podcast Episode 31 Transcript. Ed, say hello.
In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Ryan Fleming, account executive, and Paul Clifford, senior solution consultant, at Sage Intacct , a cloud accounting and financial management solution for the cannabis industry. Press the Play button below to listen to the podcast. ? Welcome to the podcast.
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.
Here’s the release in full as related via Nasdaq. The takeaways are: The business combination was approved at a meeting of MTech stockholders today. In connection with the transaction, MTech and MJ Freeway combined to form Akerna Corp. (“Akerna”). The business combination was approved at a meeting of MTech stockholders today.
And even those who don’t consume have probably run into a cannabis headline in their mainstream media. Reported cannabis sales increased 46% in 2020 alone , and as legalization continues nationwide more and more opportunities to invest are sprouting up. This article is the sixth in a series called, “So you want to start a canna biz?”
WORCESTER – The Cannabis Control Commission (Commission) is alerting patients and consumers to its quarantine order (Order), issued October 18, 2021, mandating that ACK Natural, LLC, a colocated medical- and adult-use licensee, recall all products with unverifiable mycotoxin test results sold to its consumers and patients. PRESS RELEASE.
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.
“Over the years, the media has repeatedly characterized cannabis cultivation as either energy-sucking indoor grows or backwoods farms that unleash rodenticides on wildlife. . If you wish to re-publish this story please do so with following accreditation. AUTHOR: Heather Allman. PUBLISHER: CANNABIS LAW REPORT.
The companies are advertising it as a legal way to get high, touting medical benefits and generally making big promises about what they can deliver, but an investigation from the US Cannabis Council has found illegal levels of delta-9 THC in products for sale around the country. But it can’t really be as bad as it sounds, can it?
In the latest episode of the Cannacurio Podcast from Cannabiz Media, my co-host, Amanda Guerrero, and I discuss the data and insights found in Cannabiz Media’s Cannabis Software Stack Report. Amanda Guerrero : Welcome to the Cannacurio Podcast powered by Cannabiz Media. Activity Sector. Advisory Sector.
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
In the latest episode of the Cannacurio Podcast from Cannabiz Media, my co-host, Amanda Guerrero, and I discuss new cannabis licenses from Oklahoma, Washington, California, Rhode Island, Michigan, and Canada as well as testing lab and distributor license trends in 2020. Press the Play button below to listen to the podcast. ?
In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Kevin Hart, CEO and Founder of Green Check Verified , a leading provider of cannabis banking solutions and expert advisory services for financial institutions. So welcome to the podcast powered by Cannabiz Media. Cannacurio Podcast Episode 36 Transcript.
In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Tony Repanich, President and Chief Operating Officer of Shield Compliance , a comprehensive compliance management platform for banking cannabis-related businesses. Press the Play button below to watch and listen to the podcast. ? Welcome, Tony. Ed Keating: Yeah.
European cannabis media outlet Newsweed reports. Only crops authorized by the Spanish Agency for Medicines and Health Products (AEMPS) and the resulting flowers would thus be authorized for free sale in Spain. A decision on the sale of CBD flowers. This new Spanish ruling on CBD gives an idea of ??the Source: [link].
High product quality relies on a true understanding of the entire supply chain, from seed to sale with sanitized processes and quality checks including the creation of well-detailed preventative control plans that are in place to avoid instances of hazards like contamination or other public safety risks.
In the latest episode of the Cannacurio Podcast from Cannabiz Media, my co-host, Amanda Guerrero, and I discuss year-to-date cultivation licenses, Tennessee hemp, and more. Amanda Guerrero : Welcome to the Cannacurio Podcast powered by Cannabiz Media. Follow the Link to Listen to Previous Episodes of the Cannacurio Podcast.
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?
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.
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.
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
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.
Vertical integration allows a company to control all factors of production, from seed to sale in terms of the cannabis trade. If you wish to re-publish this story please do so with following accreditation. AUTHOR: Heather Allman. PUBLISHER: CANNABIS LAW REPORT. Florida’s marijuana future is showing promise.
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.
Our proprietary ranking system takes into account: Social reach (social media, blogs, podcasts, publications, etc.). 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. there has never been a better time for new treatment options.
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.
Even popular media channels like Netflix are delivering documentaries based on the need for a new culture. Rudolf Diesel, the inventor of the diesel engine, designed it to run on vegetable and seed oils like hemp. If you wish to re-publish this story please do so with following accreditation. AUTHOR: Glenn Johnson.
My personal year in cannabis began on New Year’s Day, when I waited in line along with countless other Californians to buy some cannabis on the first day of legal adult-use sales. RELATED STORY. The Top 10 Cannabis Stories of 2018. Or that Big Tobacco just invested $2.4 billion dollars in the weed business ( f**k!). RELATED STORY.
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.
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