Marijuana Business News

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Wed
10
Jul

Is CBD oil the world's most addictive beauty drug?

How does one respond when your hairdresser gives you a syringe alongside your herbal tea? I hold it up to the light. 'You just pop it under your tongue, wait a few seconds, then swallow,’ the young woman explains, gesturing to the amber liquid within it. I obey. The herbal droplets fall into my mouth. They feel thick and slippery, like vegetable oil. And then I wait… and wait for a beauty miracle to happen.

Wed
10
Jul

Hemp in China: A hemp growing superpower

Ever wondered where your hemp product comes from? More likely than not, it came from China, the world’s largest source of hemp agriculture. 

While China grows more acres of hemp than any other nation, in some ways their regulations are far more strict than the U.S. For example, China is only just starting to allow hemp’s use in beauty products! Even so, at once time China grew 70% of the world’s hemp, and its the source of most of the imported hemp in the United States.

In this article, we’ll take a closer look at where hemp is grown in China and how it’s used there.

Wed
10
Jul

New subscription service ships concentrates directly to consumers

California cannabis manufacturer Apex Extractions announced on Tuesday that it is launching a new subscription program that will deliver top-quality cannabis concentrates directly to California consumers. The Apex Fresh Club, as the program is known, will send a selection of three concentrates with cannabis sourced from some of California’s finest cultivators to a discerning clientele.

Wed
10
Jul

How consumers are shaping cannabis consumption

The cannabis industry continues to reach new heights, and according to market analysts, global legal spending on cannabis could reach $32 billion by 2022 — a majority of which is thanks to U.S. and Canadian consumers.

What’s driving the evolution of the market?

Cannabis is in the midst of a shakeup, and today’s infographic from Ionic Brands highlights how consumers are significantly shaping the landscape of cannabis.

 

Cannabis Concentrates: A New Frontier

For years, joints and blunts dominated the industry—but sales of traditional flower are swiftly losing ground to new products. Here’s how cannabis consumer spending looks across North America in a few short years:

Wed
10
Jul

With the hemp harvest weeks away, profits are anyone’s guess

Barring a natural disaster, thousands of hemp plants will be harvested in Vermont this fall. Growers and processors agree prices will be lower than last year’s, but beyond that nobody can say where and how the hemp crop will be sold, and for how much.

“This summer, you have the market in fluctuation, and a bottleneck in processing,” said Merrill Hersey, director of efficiencies at Colomont Inc., a St. Albans hemp and CBD company with about 15 employees. Hemp prices depend on an array of factors including how much labor the grower can muster to pick the hemp when it’s ready; how efficiently it is dried; and its chemical content.

Wed
10
Jul

A convection vaporizer under $100.00? Yes! And there’s more…Introducing Linx Eden, the best budget friendly convection vaporizer.

We have some exciting news; we have just released our newest convection vaporizer!

Check out the commercial here.

Dubbed Linx Eden, the newest member of the Linx Vapor family combines the great tastes (that come only from convection) with the versatility of the Linx dual Herb/Wax Lava Plates for supercharged lift offs.  Sound to good to be true? Now what if I told you this will only cost you $99.99.   Mind = Blown

Enter Linx Eden

Tue
09
Jul

P.E.I. loses nearly $500K in first 6 months of cannabis sales

The Prince Edward Island Cannabis Management Corporation lost $483,000 during its first six months of legal cannabis sales.

But factoring in P.E.I.'s estimated $546,000 share of a new federal/provincial cannabis tax over the same period, the province managed to come out slightly ahead.

According to figures provided by the P.E.I. Department of Finance, the province sold $6,957,000 worth of pot from the day sales began Oct. 17, 2018 through to the end of the fiscal year on Mar. 31, 2019.

That left the Crown corporation in charge of cannabis sales with a gross profit of $1.8 million after product costs were taken into account.

Tue
09
Jul

Ontario's slow rollout of weed outlets could help black market

Ontario has blamed a shortage of legal cannabis from the federal government for its slow rollout of retail outlets, a claim dismissed by the federal government and regulatory bodies from other provinces, raising prospects the black market for weed may thrive longer in Canada’s most populous province.

Canada became the first G7 country to legalize recreational marijuana in October 2018 but sales have been dampened by supply constraints and prices that are higher than those on the black market.

While the provinces can set their own cannabis guidelines, a provincially run distributor purchases the cannabis from federally licensed producers, and then allocates it to retail locations approved by the province.

Tue
09
Jul

CannTrust audit sparks 'wake-up call' for better pot governance

Canada’s cannabis operators face a “wake-up call” to improve governance and compliance standards after CannTrust Holdings Inc. (TRST.TO) ran afoul of Health Canada regulations in the latest misstep by the nascent industry, according to a top lawyer specializing in the industry.  

CannTrust said early Monday that Health Canada, the federal regulator for cannabis in the country, became aware the company grew unlicensed cannabis in five rooms at its Pelham, Ont. Greenhouse between last October and March. Shares of CannTrust plunged more than 20 per cent on the Toronto Stock Exchange on Monday, hitting a near two-year low.

Tue
09
Jul

Linton likely headed to U.S. next after canopy

Bruce Linton is not going gently into that good night.

Usually, executives who get fired will go quiet for a while, taking time to repair the damage to their ego and work out what they want to do next. But no one who knows the former co-chief executive officer of Canopy Growth Corp. was surprised to see him making the TV news rounds within hours of his announced termination on Wednesday pontificating on the future of the industry.

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