Industry & Business

5 Tips You Must Know Before Listing your Cannabis Brand for Auction

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Rising hopes for federal legalization and the potential passage of the MORE Act are stoking cannabis mergers and acquisitions in 2022 and entrepreneurs have visions of dollar signs dancing in their eyes. As an M&A attorney and cannabis accountant with several decades of combined experience, we can tell you that those who have prepared for legalization will …

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Surging Appetite for Medical Cannabis amongst UK Clinicians

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Over 300 health professionals have signed up to learn more about medical cannabis in the UK since 2019. Over 300 health professionals have signed up to learn more about medical cannabis. Just two and half years after its launch, the Medical Cannabis Clinicians Society (MCCS) now has revealed it now has over 300 members, as it prepares …

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Major Cannabis Depressing Bill Fails to Pass, Virginia Hemp Stakeholders Take a Sigh of Relief

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A controversial cannabis bill that would have outlawed hemp-derived CBD and delta-8 THC products has failed to pass the Virginia State Senate and won’t be considered until the legislature’s next session. Senate Bill 591 was turned back by the upper house by a narrow 20-21 margin in which the state’s lieutenant governor cast the deciding …

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How Changing Face of Supporting Means for US Cannabis Farming, Retail Sectors

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As recently as 2018, cultivation- and retail-sector financing was almost exclusively the domain of private companies, according to data from the Viridian Deal Tracker. But public debt financing has been taking a bigger role recently. That trend is likely to continue as the United States moves toward federal legalization of some form, though how quickly …

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UK’s Maiden Approval for CBD Helps Rollout of Nearly 6000 New Products

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An additional 2,445 CBD products have been preliminarily approved by the UK Food Standards Agency (FSA), bringing the total number of products that still have a chance for full authorization to roughly 6,000. FSA added the products yesterday in response to an uproar over its approval system that followed the March 31 release of an original list …

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Canada: Pre-rolls Stout at No.2 amongst Cannabis Products, Outpacing Total Market Sales Growth

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Canadian sales of legal cannabis pre-rolls nearly doubled between 2020 and 2021, outstripping total marijuana market growth as convenience-seeking consumers increased spending on the ready-to-smoke form factor, according to data from Seattle-based cannabis-analytics company Headset.  Consumers have established clear preferences for the second-largest category in Canada’s cannabis market after dry flower. Key pre-roll trends include:  …

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Cannabis Cultivator’s Canopy Growth Sheds 8% of Workforce, Eyes CA$150 Million in Savings

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Canadian cannabis producer Canopy Growth slashed approximately 8% of its workforce Tuesday as part of sweeping changes across the company designed to help stem recent losses and nudge the struggling company to profitability, MJBizDaily has learned. The latest round of layoffs amounts to 245 people, according to the company, and comes as Canopy struggles with falling sales …

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Complaints Prompt UK food Safety Agency to Extend Deadline for CBD Uses

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The UK’s Food Standards Agency (FSA) has reopened the window for CBD companies to submit food safety applications as some stakeholders continue to question the credibility of the certification process. Those that failed to make the list now have until May 26 to submit updated applications. The original deadline for applications was March 31 of …

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Canada on a Rout to Push Forward With Dual Cropping for Fiber & Grain

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The Canadian province of Alberta is moving fast to develop infrastructure to support dual-cropping of hemp grain and fiber through ambitious initiatives that look to expand the output of raw materials amid projections that hemp farming and processing will grow exponentially in the coming years. Canada’s top hemp producer, Alberta turns out roughly 40% of …

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Regional Politics May Hinder Montana’s Recreational Cannabis Market

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County-level political battles could upend Montana’s newly launched recreational cannabis market, which is on track to generate $215 million or more in sales in 2022 during its first year of operation. Montana voters legalized adult-use marijuana in November 2020, but state lawmakers left it to county and municipal governments to approve recreational sales. Residents of …

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