Marijuana Business News

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Fri
19
Jul

First cannabis cafe in the U.S. now has an opening date

The first-of-its-kind weed restaurant in America, Lowell Farms: A Cannabis Cafe in West Hollywood, California, has announced its opening date of September 1, 2019. It was granted final approval in a unanimous vote July 16, 2019, by the West Hollywood Business License Commission.

Fri
19
Jul

Report: Synthetic cannabinoid identified in CBD product sold online

Analytical testing of a commercially available CBD product sold online identified the presence of the synthetic cannabinoid agonist AB-FUBINACA (aka 5F-ADB), a component typically identified in ‘Spice’ and other controlled substances sometimes marketed as ‘synthetic cannabis’ products. The findings appear in the journal Clinical Toxicology.

Fri
19
Jul

EU Novel Food proposal ‘not workable’ in the U.K

While the U.K. CBD industry desperately seeks clarity on regulations, the politically time-consuming machinations of Brexit will prevent any serious progress until 2020, says a leading industry figure.

Blair Gibbs, Policy Lead for the Centre For Medical Cannabis (CMC) was speaking to CBD Testers at last week’s Europe CBD Expo in London. The key issues facing the U.K. CBD industry, right now, is whether the Government, and its regularity agency the Food Standards Agency (FSA), will press ahead with implementing the EU’s Novel Food directive.

Fri
19
Jul

Michigan announces cannabis social equity program in 19 communities

With $42 million having been announced in medical marijuana revenue during the first four months of sales in Michigan, the state’s policymakers face a distinct challenge. How do you make sure that a decent slice of that money goes to those who have had their lives turned upside-down by Drug War prohibition over the years? The state’s Marijuana Regulatory Agency [MRA] made part of its strategy to this end clear this week when it released details for a sweeping social equity program that will support cannabis entrepreneurs in 19 communities.

Fri
19
Jul

Why attend Cannabis Business Summit & Expo 2019?

With the cannabis market growing, the number of events that are offered to those in the industry is growing as well. So why choose this year’s Cannabis Business Summit & Expo over the others?

Thu
18
Jul

West Hollywood set to get “first of its kind” cannabis café

On Tuesday, West Hollywood stepped out in front of the cannabis dining and entertainment market by approving the country’s first licensed restaurant featuring THC and CBD-infused food. Lowell Farms — a project of marijuana company Lowell Herb Co. — will also offer an open-air smoking area. While cannabis industry types and users rejoiced over the decision, not all neighbors were pleased.  

Thu
18
Jul

Oregon’s cannabis glut: Great for consumers, not so much for producers

Drivers heading north on I-5 in southern Oregon not only enjoy the region’s towering mountains and evergreen forests, they are also treated to the occasional enticement. At various points along the way, giant billboards appear, shouting out messages like “NEED WEED? Exit Here” and the succinct “MARIJUANA! This exit.”

And when motorists pull off the highway and wander into those shops, they’re finding weed at unbelievable prices. One shop offered grams of the popular Blue Dream strain for $2, and bargain-hunting buyers could walk out with an ounce for only $45. A number of other strains were also available for $100 an ounce or less.

Thu
18
Jul

The unheard voices of the cannabis social equity movement

Social equity is a tricky beast to name -- it’s all new and a little crazy in an exciting way. Those familiar with the state initiatives know that they’re far from perfect, but most of what you hear about it focuses on the process, not the people.

Since the launch of our SEED program in 2018, I’ve worked with ONE Cannabis to establish a social equity model that empowers applicants with the experience and capital necessary to realistically build out a profitable dispensary. I spend more time with these applicants than with my coworkers and lean on my background as both a rabbi and cannabis entrepreneur to bridge the cultural gap between the worlds of social equity and corporate partnership.

Thu
18
Jul

Vireo Health launches New York’s first same-day marijuana delivery service

Vireo Health of New York (“Vireo” or the “Company”), a subsidiary of Vireo Health International (CSE: VREO), a leading physician-led, science-focused multi-state cannabis company, today announced that patients living in the New York City metro area, Westchester County, and Nassau County now have access to free, same-day marijuana delivery.

Thu
18
Jul

Discover the $35bn North American cannabis market

It was recently reported that the North American cannabis market will reach $35bn by 2023, here Health Europa look at the North American cannabis market.

In 2017, “the North American legal cannabis market reached a value of more than $8bn” (~€7.86 bn). in accordance with this, it has also been argued that “the market is further expected to reach a value of around $35bn by 2023, exhibiting a CAGR [‘Compound Annual Growth Rate’] of 28% during 2018-2023.1 Can the world meet the expectations of the North American cannabis market?

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