A proposed $10,000 fee for licenses to grow, store or sell cannabis was flagged as possibly problematic by Red Bank’s borough attorney last week.
At the council’s workshop meeting last week, community planning Director Shawna Ebanks suggested an amendment to a recently enacted cannabis ordinance to create a licensing procedure and fee.
In 2021, home delivery of cannabis rolled out in Massachusetts as the state’s industry surpassed $2 billion in gross sales and hit the fifth anniversary of recreational legalization.
With no marijuana playbook for lighting up legally, towns like Saugerties, Rhinebeck and others forge their own paths into an unknown, burgeoning industry
When New York State legalized marijuana last spring, discussions kicked into high gear as to which towns, villages and cities would cater to cannabis buyers and businesses. Who’s opting in? Who’s opting out? And what will this massive burgeoning industry look like at a local level?
Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or “the Company”), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, announced today the opening of a new Sunnyside dispensary located at 3900 N 9th Ave. in Pensacola, FL. Sunnyside Pensacola is the Company’s second store in the Panhandle region. With today’s opening, Cresco Labs operates 12 Florida stores and 44 nationwide.
Sunnyside Pensacola is centrally located in the city near Cordova Mall, across the bridge from Pensacola Beach and the suburb of Gulf Breeze, and a few blocks away from Interstate 110—offering broad accessibility to daily commuters and residents.
With December upon us and hemp harvest season coming to a close, the cannabis industry is facing a sobering bust following the great CBD boom. The November 2021 Hemp Benchmarks Report contains results from an analysis of financial findings from publicly traded CBD companies, which reflect a stagnant 2021 market. However, hemp-derived THC (Delta-8) companies are seeing solid revenues despite some decline in wholesale prices. This was the case for LFTD, which saw $29 million in combined sales in the third quarter, while longstanding hemp CBD company Charlotte’s Web (OTC: CWBHF), which has the largest U.S. market share, reported a revenue decline of 6% year-over-year. Other publicly traded CBD companies such as cbdmd and CV Sciences reported similar trends.
As the world focus falls on COP26 and the urgent need to take drastic action to decrease our collective carbon footprint, the hemp building industry is poised to take a leading role. The building industry accounts for 40% of the world's carbon footprint. High performance sustainable building materials are needed to continue growing as a society without sacrificing the planet. Hemp-lime, or hempcrete, construction is emerging as an answer to this existential crisis.
Gilbert Anthony Milam Jr., better known as Berner, is a legend in the music industry. He’s had songs make Billboard lists and has worked with artists such as Wiz Khalifa, A$AP Rocky, and Cypress Hill. Berner was known for his fondness of cannabis throughout the years, and his name was synonymous with the plant. Using his fame and passion for cannabis cultivation, Berner launched the Cookies brand.
Cannabis company stock prices have taken a nearly year-long hit that some investors might describe as extreme considering the potential for federal marijuana legalization in the foreseeable future. Now, companies in Pennsylvania have more potential bad news coming down the pike from the state's department of health.
Failure to comply with a new order from the state agency could result in suspension or revocation of cannabis operator licenses. Two marijuana producers with a heavy concentration in The Keystone State are Jushi Holdings (OTC: JUSHF), and Trulieve Cannabis (OTC: TCNNF), both of which sell vape products in the state.
When thinking of weed dispensaries, especially in light of the relatively recent legalization of recreational marijuana in the state of New York, thoughts don't necessarily drift to soothing, spa-like destinations offering the sort of calm that is usually associated with self-care. And, yet, that is exactly what Etain, the only cannabis dispensary in New York that is owned by women, feels like. (In Irish mythology, Etain is a Gallic goddess who represents women in a transformational capacity.)
A marijuana cultivator and producer in Washoe County could lose its license after it avoided paying hundreds of thousands of dollars in taxes, according to a complaint filed by the Cannabis Compliance Board this week.
NNV Operations I, INC, which operates under the name Silver State Trading, had numerous unpaid or underpaid wholesale marijuana taxes to the Department of Taxation dating back to June 2019, according to the complaint filed by the board. The state collects a 15 percent wholesale cultivation and production tax on marijuana in the state.
Copperstate Farms Management, LLC, a vertically integrated cannabis operator based in Arizona, today announced Chief Financial Officer, Brad Kotansky, will serve on the Arizona Dispensaries Association (ADA) board of directors. The incoming 2022 board members will lead the organization into the state’s second year of adult-use legalized cannabis.
Many people associate cannabis with eco-friendly, counter-cultural movements, but we know the environmental impacts of the cannabis industry are significant. Given the climate crisis, cannabis production companies have a responsibility to ensure future demands of the industry are met in an environmentally sustainable way. We also know that as the world is seeing the impacts of climate change, consumers are changing their spending habits 1. As a result, companies also have the financial incentive to seriously consider implementing more environmental policies, to align their interests with the interests of consumers. Unfortunately, restrictions on cannabis research and the legal industry create barriers to implementing many environmentally friendly alternatives in production.
With plans to expand to other markets across the United States, Studio initially launched in Arizona. The state is poised to be one of America's most attractive legal cannabis markets, with a projected $2.6B in cannabis revenue by 2025. Seeing this opportunity, Matt Seashols of Dosist, Randy Smith of Sunday Goods and the Zero team decided to combine their experience in retail, content, design, strategy and building trendsetting brands to create something of their own.
Despite the inauspicious beginning of 2020, Hawke Media believes the COVID-19 pandemic presented unprecedented opportunities for companies in the right industries: specifically cannabis.
Hawke Media, a digital marketing company operating as an “outsourced” chief marketing officer (CMO), believes that such an opportunity existed, and still exists, at the convergence of the e-commerce, consumer packaged goods (CPG), and cannabis spaces.
Chris Taloumis, CEO of Brewster's first and only approved retail recreational cannabis shop, can hardly curb his enthusiasm.
“We can’t wait till we get open,” he said.
And why not, since it’s the curbing on Route 6A that’s been holding up the Haven Centerl since it received its final local approval in February 2020. However, the grand opening may still be almost a year away.
“We finally received our curb cut,” Taloumis said via email.
The most hyped weed spot in upper Manhattan right now is a hitched trailer parked on the side of a busy intersection. Approach its dual windows during daylight hours and, under an LED banner, you’ll find two friendly brokers of THC tidings ready to dish out bags of pot or edibles for the correct amount of cash. A whiteboard behind them does not list prices, per se, but “Suggested Donations,” starting at $20. The packages offered in return are thank you “gifts.”
“We don’t sell anything,” says one register operator at Uncle Budd’s weed truck, speaking under a condition of anonymity. “Every donation is going back into the community.”
Eighty-six percent of North American family offices report that their wealth increased over 2020 and 2021, well ahead of the global average of 79%, according to a recent study from Campden Research. These family offices’ assets under management grew by 58%, just three percentage points below the global average.
They were also more likely then family offices elsewhere to say they were investing in cannabis or cryptocurrency, or would consider doing so.
Proposed laws on the cusp of passage in Brazil and Argentina could lead to “a radical change in the global dynamics of production of industrial hemp and medicinal cannabis,” according to Latin America’s leading hemp industry group.
Lorenzo Rolim da Silva, president of the Latin-American Industrial Hemp Association said if the new cannabis laws are enacted, they will let the two countries realize their full potential in international markets.
“Both designs are quite robust and modern, and would bring both countries in line with current regulations in the European Union and North America,” Rolim da Silva said.
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