WeedLife News Network

36% want clean stores; 32% say variety of THC percentage options and 31% say educated sales associates are important

With 2021 legal cannabis industry sales nearing $31 billion, and the challenges presented by a growing cannabis black market, most Americans (76%) said they expect in-store cannabis dispensary shopping to equal traditional retail store experiences, according to a recent Harris Poll online survey commissioned by Urbn Leaf, California's premier cannabis retailer. Thirty-six percent say a clean store environment is one of the most important factors for a positive shopping experience; 32% want a variety of tetrahydrocannabinol (THC) percentage options, and 31% want educated sales associates.

While recreational cannabis sales are legal in California, they are banned throughout most of Kern county, including Delano, City Council revisited that rule Monday night

“We’ve have known that it’s been trafficked in our community on both sides of town, this just allows us to put up a sign with a green cross that says, ‘buy it now, buy it here,’” expressed one member of the public.

3 Top Marijuana Stocks To Watch Before Christmas

Investors are hoping marijuana stocks see a better year of trading in 2022. Since the beginning of 2021, the cannabis sector has faced a long drop in the market. This has given many the chance to find top marijuana stocks to buy. To which many have done in preparation for the future trading of cannabis stocks. With this past year being one of more losses than gains 2022 is being held to a high standard.

Lafayette-based food and grocery delivery app Waitr may soon become "ASAP," as the company completes its rebrand. The company is required to change its name as the result of a legal settlement, and the company is planning to become known as ASAP, which it said better represents the company's attempts to diversify its services. Waitr also announced it is moving ahead with its plans to begin delivering legal cannabis, agreeing to purchase an inventory and compliance software that serves dispensaries.

Waitr announced on Friday that it signed a letter of intent to buy Cova, a software that helps streamline cannabis sales for dispensaries. According to a press release, the sale would be for $90 million.

Several of the California's leading cannabis companies have banded together to direct a dire warning to Gov. Gavin Newsom this week. In a letter sent to the governor’s office and leaders of the state legislature, business leaders warned that the state’s legal cannabis industry is on the verge of collapse.

"It is an emergency," said David Goldman, who sits on the board of the San Francisco dispensary, The Green Cross.  

 Kerry Raheb, the owner of Indica LLC presented to the Board of Selectmen on Wednesday on plans for his cannabis dispensary, which will open at 127 Columbia St.

Raheb, who previously worked as an investment banker, said this business is his first cannabis dispensary. He said he intends on holding a community outreach meeting for the dispensary, which will be at the former site of Woodstock South, a former gift and novelties shop, as soon as possible.

The growing acceptance of cannabis in the United States, along with the legalization of recreational cannabis use in 18 states, has created a booming industry around growing, preparing, and selling marijuana.

Unfortunately, the novelty of the field has also led to a lot of misinformation and misconceptions. Cannabis use is still taboo in many parts of the country, making it difficult for those interested in diving into the growing industry to sort truth from lies.

Don’t worry, we’ve got you covered. Here are four myths about working in the cannabis industry, debunked.

Will A New Year Help Marijuana Stocks Reach Better Trading ? Some Believe So

Marijuana Stock Investing In 2022 Here’s What You Need To Know

When it comes to top marijuana stocks 2021 had its fair share of challenges. Yet from November 2020 to early 2021 the sector saw solid upward consistency. Shortly after mid-February, the majority of marijuana stocks all saw substantial drops in trading. Like many other sectors, the pandemic didn’t badly affect how cannabis stocks traded. It was the lack of legislation both state and federal. Failure to pass federal reform is was the dominant factor in this year-long drop in trading.

3 Tall Pines Farm turns hemp into THC products that are being sold across the state

On the counter in the shop at 3 Tall Pines Farm, there's a large plastic jar full of carefully wrapped joints. The back wall is lined with cartridges of vaping liquid in different flavors. Workers pack orders as the scent of cannabis hangs in the air. The farm's hemp plants are drying in the next room.

On Tuesday afternoon, hundreds of hemp trees swayed their fragrant leaves in the wind in the greenhouse of a Mission hemp farm.

“We are not aware of anybody doing this type of volume actually south of Houston,” said Roberto Morales, owner of Healing Bloom Farm.

Healing Bloom handles all parts of production in-house with the main product being CBD oil, according to Morales.

“We are not aware of a facility this size going from seed to shelf, and my goal is to produce oil, a lot of CBD oil, to make a difference in people’s lives,” said Morales.

The European Parliament approved on November 24 to increase the THC level from 0.2% to 0.3% for hemp crops used for industrial purposes.

The rise of the THC level for industrial hemp is part of the measures of the new Common Agricultural Policy (CAP) reforms, which will enter into force in 2023. 

The European Industrial Hemp Association (EIHA) has made this achievement possible, representing the common interests of European hemp farmers.

Legendary heavyweight boxer Mike Tyson’s cannabis brand is now available in California. His cannabis company Tyson 2.0 confirmed Tuesday that its premium quality cannabis line is now available at more than 100 retailers across The Golden State. (Originally posted by Benzinga)

 “We are focused on bringing Tyson 2.0 premium cannabis products to retailers nationwide and after a strong debut in Colorado, we are now available across California in over 100 retail outlets marking a major milestone for the company,” Adam Wilks, CEO of Tyson 2.0 told Benzinga.

A trio of old high school buddies are behind a new player in the local CBD scene.

VA Harvest, which sells CBD extracts and cremes in stores and online, launched in November.

The company has a budding retail presence, with products on shelves at grocery store Ellwood Thompson’s and Fan wellness store Blossom RVA, co-founder Bill Wingfield said. The company plans to expand locally and across the southeastern part of the country.

It also sells products through its website. The company’s 30 ml extracts are priced at $98 on the site, the same price as its 1 ounce topical creme.

VA Harvest plans to launch CBD products aimed at animals in the spring.

Missouri’s cannabis industry continues to attract businesses and create jobs.

A multistate company based in Michigan is opening a cannabis processing facility this month in St. Louis. It is also partnering with another company on a cultivation operation in O’Fallon.

“I think Missouri is a rather competitive market,” said C3 Industries CEO Ankur Rungta.

“We think there is a healthy amount of demand for our products in a market like this.”

C3 Industries already has a foothold in Missouri. The company has opened medical marijuana dispensaries in St. Charles, Columbia, St. Robert, Cape Girardeau and Sunset Hills.

Lunar New Year is a looming threat

Getting basic materials like ceramics, stainless steel and computer chips from China has gotten so difficult that its about to hit one of the few industries that has so far been insulated from supply-chain woes: U.S. cannabis.

Nearly two years after they made their initial pitch to the Select Board, sisters-in-law Priyanka and Tejal Patel finally saw their dream made a reality as they opened Uma Flowers, Pepperell’s first recreational cannabis store last week.

Opening ceremony and ribbon cutting for Uma Flowers, Pepperell’s first cannabis dispensary, from left, Select Board chair Margaret Scarsdale, town planner Jenny Gingras, town administrator Andrew MacLean, and co-owners Priyanka Patel and her sister-in-law Tejal Patel, both of Waltham. SUN/Julia Malakie

Wells Fargo just shouted "sell!" -- but investors bought cannabis stocks instead.

What happened

A funny thing happened in the cannabis market today. Analysts at investment bank Wells Fargo initiated coverage across the sector, warning of overvaluation among marijuana companies and suggesting investors turn their attention to hydroponics suppliers instead -- but marijuana stocks leapt higher anyway.  

As of 12:35 p.m. ET, shares of Tilray ( TLRY -6.97% ) are gaining 4.6%, and both Aurora Cannabis ( ACB -4.41% ) and Canopy Growth ( CGC -6.76% ) are up 7.1% each.

Not every part of the industry sees business heat up during the holiday season. For some, like those in cultivation and packaging, it marks a wind-down on work and profits.

The holiday season is underway and so too are sales. The cannabis industry is no exception, with December sales expected to be strong once again.

Data firm LeafLink reports that sales jumped 33% the week leading up to Christmas 2020 (December 21-December 24) compared to the previous four weeks. Christmas Eve saw a 61% increase compared to the previous four Thursdays.

Grasshopper co-founders on the tool you need to streamline bulk cannabis packing processes.

Often the best inventions and innovations are born out of necessity—which is exactly what sparked the creation and development of the Grasshopper. Grasshopper Co-founders Luke Daly and Jesse Bloomfield shared why they had to build the tool they needed—because it didn’t exist yet.