WeedLife News Network

Miami, FL, Oct. 25, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Amazonas Florestal, Ltd. (OTC:AZFL) announced last week on October 18th that the Company published its 3rd quarter financial reports and OTC disclosures—reporting consolidated revenues of $4.885 Million and over $500k in gross income; the highest reported revenue and gross profit figures in company history. 

AZFL’s latest acquisitions Gamma Engineering and Innova Consulting Group demonstrated solid growth potential and effective business models in their transition towards the rapidly emerging cannabis industry in Colombia. Innova alone has projected positive revenues from operations of more than $8 Million for its fiscal year 2021.

Project PA Hemp Home is partially funded by two grants from the Pennsylvania Department of Agriculture. Photo provided by DON Enterprises

Affordable housing constructed with hemp-based building material is nearing completion in New Castle, Pennsylvania.

Project PA Hemp Home is the first full home renovation in the state using hempcrete and HempWood.

The nonprofit corporation behind the project is DON Enterprises, headquartered in New Castle. DON has grown from its core work in disability rights advocacy to become the second largest employer in Lawrence County and a force for economic development, employing over 1,000 people who provide a range of services from attendant care to construction.

The decline in related stocks comes following a wave of posivity for the sector. So, has the industry already burnt out or will it find a new spark?

Cannabis investing was the best new thing five years ago. While the sector has gained a lot of ground, investors are still awaiting the next big step that turns the most famous leaf into green gold.

Both medicinal and recreational use has become more accepted by society, with several US states having legalised its use, as well as Canada, Mexico, South Africa, Uruguay and Georgia. In the Netherlands, possession in small quantities is tolerated and personal consumption is permitted at licensed coffee shops.

The $2.1 billion acquisition of Harvest Health & Recreation by Florida cannabis behemoth Trulieve Cannabis Corp. has finally been consummated, creating the largest marijuana company in the U.S., with a combined 149 dispensaries and operations in 11 states.

Harvest has 39 operating shops in five states, including one in Tucson at 2734 E. Grant Road, and was the first operator to sell adult-use marijuana in the state after the Arizona Department of Health Services gave the green light to legal sales in Arizona on Jan. 22.

Using Sustainable Hemp Solutions, One World Pharma Seeks to Become a Major Supplier Within the Federal Government, and Public and Private Sectors, Both Nationally and Internationally.

The company's merger with Aphria closed in May, but investors shouldn't rule out another one in the near future.

Cannabis company Tilray (NASDAQ:TLRY) is hoping to reach $4 billion in annual revenue by 2024. For a company that is currently at a run rate of less than $700 million -- it has a long way to go in reaching that target.

Costs such as labor, electricity, and tariffs may have already doomed the US cannabis industry.

Costs of labor, water, electricity, and tariffs may all signal an unfair market for US marijuana growers.

The US cannabis industry’s final chapter has already been written before it even began!  While the US cannabis industry anxiously waits for Federal legalization, presumably the beginning of a new age of marijuana, the final chapter has already been written, taken from a book we have read many time before.

Wait, what?  I thought the US marijuana industry was just starting, how can it be over? So soon?

It has now been three full years since Canada legalized the recreational marijuana market on Oct. 17, 2018. In the early stages, marijuana producers in the country were generating strong growth numbers due to the new segment of the market opening up (previously, only medical marijuana had been legal). But fast forward to today, and top companies like Hexo (NASDAQ:HEXO) have been struggling to produce consistent quarter-over-quarter growth.

A big reason: The role of the craft cannabis producer. Smaller companies focused on quality have been able to prevent these larger producers from dominating the industry. They've become thorns in the sides of the bigger players who may not be taking the threat seriously enough.

Three years after federal legislation removed the marijuana extract known as delta-8 THC from the nation’s list of controlled substances, Texas health officials have put it on its own list of illegal drugs, sending a shockwave through the growing CBD retail industry across the state and making the substance, essentially, illegal.

Christine Perez, who manages the popular Austin CBD store Lazydaze+Coffeeshop, had no idea about the change until she saw the Texas Department of State Health Services notice on the agency’s website on Oct. 15.

“I was very confused, as well as a bunch of other companies. It’s like, ‘What is going on?’” Perez said. “I really have no idea why [the state] would try to ban it, or the timing of it. We didn’t hear anything about it from the state.”

Speaking at last week’s  Benzinga Cannabis Capital Conference in New York City, Mary Ellen Schrock, brand evangelist at Vibe Growth told her colleagues on a panel called “The Trends Dictating the Future Landscape of Cannabis Brands” that it was time for the next generation of cannabis branding. (As Originally Seen On Benzinga by: Nina Zdinjak)

Before recreational sales even get started, is New Jersey’s “budding” cannabis industry starting to resemble another regulated one that, too many times, has had competitors bringing out the knives against one another?

Many in South Jersey will recall an all-out war of words that developed a few years ago between Virtua Health and Cooper University hospital systems. Virtua had a growing multi-hospital footprint, while Cooper’s prestigious single acute-care hospital in Camden was the headquarters for a network of connected non-hospital properties. The parties sniped at each other, sometimes in court, over advertising claims, over which system would provide EMS transports in Camden City, and over which cardiac procedures they were authorized to perform.

Representatives of medical and adult-use marijuana businesses in Constantine attended the Constantine village council meeting Oct. 18 with questions about a presentation to the council last month by Scott Dianda and Ed Santangelo of Tranquility Fields Retail, regarding opening a consumption lounge in the village. 

Tranquility Fields representatives call the proposed business “a night club for marijuana use," and said entertainment would be provided, and refreshments and marijuana would be ordered locally and delivered. 

On Friday, the newest cannabis SPAC Achari Ventures Holdings Corp. I announced the pricing of its initial public offering of 10,000,000 units at a price of $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market and trade under the ticker symbol “AVHIU” beginning October 15, 2021.

If there’s one truth in life, it’s that weed can grow just about anywhere. Backyards,  greenhouses, basements, rolling hills and acres of farms in every state, and even prisons. Well, a former prison, anyway.

One of the nation’s leading cannabis operators, Green Thumb Industries will open a modern ‘cannabis campus’ on the site of a former federal prison in Warwick, New York. It’s sort of a full-circle scenario for the industry, says Ben Kovler, founder and CEO.

 Five years ago, California’s approval of Proposition 64 opened the door to recreational marijuana and budding new local economies.

The proposition was billed as a win for increased tax revenues, entrepreneurship, jobs and the hope of beating back marijuana’s long-established and vast illicit cannabis market.

Wisconsin is set to become the first state to relinquish authority over its state hemp program to the federal U.S. Department of Agriculture (USDA). The announced transition will occur on January 1st, 2022. Starting on that date, Wisconsin farmers and hemp processors will have to comply with the final rule on hemp released by USDA earlier this year.

Are you looking for top marijuana stocks to invest in for Q4 2021? For the past 8 months, the cannabis sector has experienced substantial market declines. This is mostly due to Congress not establishing marijuana legalization earlier in the year. Now in Q4 the SAFE Banking Act and the MORE Act have resurfaced and passed in the House. Although there currently is a hold up in the Senate because lawmakers have their own legislation they have been trying to advance.

The Palm Springs City Council on Thursday unanimously approved a new schedule for municipal fines that can be levied on cannabis-related businesses that violate the city rules governing them. 

In 2019, Palm Springs adopted a set of revised regulations for cannabis businesses, such as dispensaries and production operations, that was motivated largely by concerns raised by residents about the impact of odors those businesses can produce. 

A good amount of investors are looking at marijuana stocks from a different lens. What this means is a lot has changed in the sector in regards to how most cannabis stocks have been performing. Especially in the last year. Many investors at one point felt pot stocks were unstoppable in 2020 and early 2021. During this time many cannabis companies were able to see consistent upward trading in the market. Yet from 2018-2020 much of the momentum was built from how new and explosive the cannabis sector was.