Cannabis

Grand View Research reported that the U.S. cannabis market is predicted to reach $40 billion by 2023 due largely to increased legalization of cannabis, which is driving the market growth. The market is expected to expand at a CAGR of 14.9% over the forecast period. According to the report, the medical end-use segment dominated the…

Cannabis company Trulieve has opened a new medical marijuana dispensary in New Port Richey, Fla. The store is located at 5422 U.S. Highway 19. Grand opening festivities throughout the day at the new dispensary will include numerous partner giveaways, music, food trucks, deals, specials and all registered patients will receive a 25% discount. Trulieve also…

N2 Packaging Systems has recently joined the Sustainable Cannabis Coalition (SCC), marking the latest development N2 has made to create more sustainable packaging and to eventually become a plastic-free packaging supplier by the end of 2023. “Sustainability is a core principle of our company since its inception and we try to infuse that into everything…

In 2012, Washington state and Colorado became the first states to legalize recreational use of cannabis by adults. Over the past decade, 16 more states, the District of Columbia and Guam have passed similar laws. What’s more, medical marijuana has been approved in 37 states as of spring 2022. Indeed, cannabis has become big business.…

Ninety-one percent of adults aged 21-plus who have ever consumed cannabis have done so for health and wellness purposes, according to a new survey conducted by The Harris Poll on behalf of Curaleaf Holdings, and the findings offer important takeaways revealing people’s attitudes toward both cannabis and the desire for holistic health and wellness. Seventy-five…

With a majority of Americans favoring the legalization of cannabis for both medicinal and recreational use, and with the convenience channel representing the largest number of outlets of any retail class of trade, it would seem rather logical that this channel would have strong potential for the distribution of cannabis. I believe there is current…

Although the official language of the U.S. Senate Cannabis Administrative and Opportunity Act (CAOA) have yet to be released as of May 2022, government and cannabis industry watchers continue to express optimism this legislation could approach the 60-vote minimum required to pass. Written and sponsored by Senate Majority Leader Chuck Schumer and Senators Ron Wyden…

Cannabis business conference MJBizCon is set to take place this year on Nov. 15-18 at the Las Vegas Convention Center. The conference will now be in the South Hall, where it will span two floors, unveiling a new expo floor layout divided into industry sectors including cultivation, processing, packaging and lab services, business services, and…

Trulieve Cannabis announced that it will open two new medical dispensaries in West Virginia. Trulieve — a top performing cannabis company in the U.S. — already has two existing locations in West Virginia. The new dispensaries will be located at 4701 MacCorkle Ave. in South Charleston and 152 Park Shopping Center in Parkersburg, and will…

Cannabis technology company BLAZE Solutions (BLAZE) has acquired Vancouver, Canada-based dispensary POS software company Greenline, allowing the company to become one of the few cannabis operations software systems in both Canada and the U.S. and to better serve its international clients. It also enables the company to gain experience operating in Canada’s federally regulated marketplace.…

Hemper released its first product able to be sold in convenience stores — the Quick Hitter. This is a flavored, multi-use, disposable one-hitter made for on-the-go use without sacrificing the customer smoking experience. Available in packs of two and retailing at just $2.99, Quick Hitters come in five flavors: mango, raspberry, watermelon, banana and blueberry, in…

Trulieve Cannabis Corp. CEO Kim Rivers has won Green Market Report’s Women’s Leadership Award in the C-Suite category. In the last year, Rivers has been the driving force behind several major business developments in the cannabis industry, including Trulieve’s retail footprint in U.S. cannabis profitability and transformational purchase of Harvest Health and Recreation. Rivers set…

Flora Growth Corp. announced that the company has formally begun the integration of its licensed and Control Union Medical Cannabis Standard GACP (CUMCS-GACP) certified cannabis products and derivatives into its global roster of branded products. Beginning with CBD derivatives used in its skincare brand, Mind Naturals, the company has begun the process of integrating significantly…

Australis Capital (AUSA, AUDACIOUS) announced that Mr. Natural, an AUDACIOUS brand, launched its first product in Nevada — Full Spectrum Hash RSO, rich in major and minor medicinal cannabinoids including THC, CBD and CBN. The powerful medicinal oil is known for its therapeutic benefits and potential to provide relief for people suffering from post-traumatic stress…

One World Products Inc. (OWP), the largest Black-controlled, fully-licensed hemp and cannabis producer in Colombia, announce that its Chairman and CEO, Isiah Thomas, is set to deliver the opening keynote address at the 2022 Benzinga Cannabis Conference on April 20-21, 2022, at the Fontainebleau Miami Beach. “I am honored to be discussing One World’s mission…

The recently released 2022 MJBiz Factbook projects that retail cannabis sales in the U.S. will surpass $33 billion by the end of 2022 and more than $52 billion by the end of 2026. Produced by the editorial team at MJBiz, owned by Emerald Holding Inc., the MJBiz Factbook has been the most trusted resource for…

When people talk about cannabis, they’re usually referring to what’s also called weed or marijuana, which come from a strain of the Cannabis sativa plant that contains more than 0.3% tetrahydrocannabinol (THC). THC is responsible for the psychoactive effects that make one feel high. But hemp also comes from the Cannabis sativa plant. Hemp is…

Multi-state hemp-CBD and cannabis house of premium brands Red White and Bloom Brands Inc. and its wholly owned subsidiary RWB Michigan announced the debut of Platinum Vape (PV) Live Resin in Michigan. Previously only available in California and Oklahoma, PV Live Resin will soon be in the nearly 400 Michigan dispensaries that now carry Platinum…

  North American Cannabis Holdings Inc. this week published a shareholder update with details on the company’s plans for adding $20 million in sales on top of the company’s growing sales from its expanding ecommerce business. The update from CEO Steven Rash is included in its entirety below: Dear Shareholders: USMJ’s launch into 2022 following…

At one of the largest CBD conferences of the year, The CBD Expo Tour in Dallas, SEO expert Dominik Hussl will be joining an upcoming panel discussion on CBD advertising. March 31, Hussl will be joining three other panellists in the round table discussion, CBD Advertising: What Claims to Avoid While Promoting Your Products. The…

  Chicago-based marketing and communications firm R.R. Donnelley & Sons Co. (RRD) introduced an offering for cannabis and CBD companies designed to help them meet evolving product life cycle needs, including product differentiation at retail, regulatory adherence and supply chain continuity. The cannabis and CBD industries have gone through immense regulatory change over the last…

  Health Canada approved the amendment of a phase I study conducted in collaboration by leading cannabinoid-derived drug discovery and development company Tetra Bio-Pharma Inc. and Dr. Jutras-Aswad and the University of Montreal Hospital Research Centre. The study will assess the safety profile of low and moderate doses of inhaled CBD and determine the cognitive,…

  Global cannabis sales for 2022 will reach just over $35 billion, a jump of approximately 22% over 2021 sales of $29 billion, according to most recent five-year rolling market forecast update from industry research company BDSA. The company forecasts global cannabis sales will surpass $61 billion in 2026, a compound annual growth rate (CAGR)…