WeedLife News Network

Today American Green (ERBB:OTC) announced that it has begun selling its Premium Hemp Cream and Hemp Lip Balm by expanding its E-commerce presence on eBay. The company is excited to add sales from eBay as another revenue stream and plans to meet or exceed the success it is currently enjoying following its launch on Amazon last December.

David G. Gwyther, American Green’s president, said, “We are thrilled to offer our premium hemp products on eBay.  Our products will be made available with eBay’s “Buy it Now” function and will include free shipping to all US customers.   Consumers throughout the world will now have direct access to American Green’s premium hemp products on eBay.”  Ebay currently has over 185 million users worldwide.

Cannabis stocks have been struggling over the past six months, with the Horizons Marijuana Life Sciences ETF down more than 30% while the S&P 500 has risen by 17%. Though optimism was high when the Democrats took control of the Senate earlier this year, a lack of progress with respect to the federal legalization of marijuana may have led investors to look for other near-term growth opportunities instead. Although the majority of Americans are in favor of legalizing pot federally, it still could take years before that happens.

Still in its early stages, the corporate marijuana sector in the U.S. is famously unprofitable and frequently cash-starved. Despite this, many operators have managed to build up quite a bit of scale, and as such are poised to benefit as the current recreational cannabis legalization trend continues to spread.

Exhibit A: Columbia Care (OTC:CCHWF), an ambitious multi-state operator (MSO) that despite its growing size is still landing in the red. Motley Fool contributor Eric Volkman had the chance to talk with Columbia Care CEO Nick Vita, who in this edited interview had a few thoughts on profitability, acquisitions, and other pressing matters for his company specifically and the wider cannabis industry in general.

The USA’s National Hemp Association (NHA) and its Standing Committee of Hemp Organizations (SCOHO) has its cap out for a billion-dollar amendment to the pending House Budget Reconciliation measure.

The NHA and organizations comprising SCOHO represent more than 90% of licensed hemp farmers across the USA.

The NHA says the cash it’s chasing is essential for acceleration of hemp fiber and grain production as vital infrastructure is needed to build reliable supply chains after eight decades of prohibition. Planting and growing hemp was prohibited in the USA in 1937 and  officially banned in 1970 under the Controlled Substance Act (CSA) when it was unfairly lumped in with its intoxicating cousin, marijuana.

NORWICH — With marijuana currently legal to consume for people 21 and older in Connecticut, and sales of recreational marijuana products to be allowed in 2022, many businesses owners want to know any potential impact to them.

As cannabis cultivation grows in Warwick, the town debates whether to allow dispensaries.

What was once a medium-security prison that housed about 1,000 inmates in Warwick will become a fully operating cannabis cultivation site by 2023.

A lack of momentum among lawmakers this summer—as federal cannabis reform took a back seat to issues like infrastructure—has weighed on shares of midsize marijuana seller TerrAscend in recent months. Its declines could prove fleeting.

Sustainable cannabis cultivation is one of the most complex, charged issues facing today’s industry. As the market continues to mature, companies need to consider the significant environmental impact and massive carbon footprint of energy-intensive operations.

As more states legalize the plant, companies are building indoor production facilities that will add millions of square feet of canopy each year, stretching and straining electrical grids from coast to coast. Meanwhile, greenhouse growers are employing more mixed-light cultivation to produce crops similar in quality to their indoor counterparts, and outdoor growers are struggling to survive as consumers continue to favor frosty, potent buds over organic, full-season flower.

A Denver-based medical marijuana company has awarded $1,000 scholarships to twenty different college students interested in the plant, with plans to do the same next year.

Veriheal, an online service that connects medical marijuana patients with doctors, recently split $20,000 among twenty students who demonstrated a passion for cannabis and innovative ideas to better the industry through essay submissions. The lone Colorado winner was Christina Hippensteel, a student at Metropolitan State University of Denver.

Three best practices to help drive revenues and stay ahead of the curve.

As the North American cannabis industry becomes more and more crowded, retailers are suddenly faced with flat or declining revenues. That’s bad news for owners, but it’s not necessarily the end of the world. Creative entrepreneurs are constantly looking for new ways to generate income, and those ideas are often hidden in plain sight in other retail industries.

Let’s look at three common retail practices that have yet to embed themselves in the DNA of the cannabis market.

Shelf space

One of the best ways to supplement sales is by charging fees for premium placement of certain products and brands on store shelves. Welcome to the world of slotting fees.

That's bad news for the cannabis industry, which has turned to billboards as a marketing opportunity.

Cannabis companies have precious few options when it comes to advertising. With the federal government still listing marijuana as an illegal drug, the industry faces strict regulations on advertising its products and services.

The situation has left companies scrambling to get around advertising restrictions. One outlet for companies has involved placing cannabis billboards on highways in states with legal weed. But earlier this year, California officials mandated the removal of some billboards. And proposed action in Michigan could signal that idea is taking hold in other locations.

Automaker BMW Group is looking to slash the carbon emissions of making and using its cars – and hemp may play a larger role.

BMW has been using hemp for some years, for example in the lining of door panels of its electric i3. This isn’t just a warm and fuzzy tree-hugger thing to attract the eco-savvy consumer; but also plays a (small) role in lightening the vehicle.

It looks like hemp and other plant materials might be getting more of a look in, with the company stating it is stepping up its fight against climate change and will drastically reduce CO2 per vehicle by 2030.

One of the strategies is the increased use of natural materials over petrochemical ones.

Illinois plans to hold an extra licensing lottery to give the applicants left out of the process another chance.

Illinois will launch a new lottery program specifically for the six applicants who did not make it, so that they will now have another shot at winning and being able to operate their own recreational cannabis stores. This official new lottery was announced this past Friday, and it already has the new market buzzing with possibilities. 

Which state sold the most weed in America in the second quarter?

With a total of $1.4 billion in taxable cannabis sales in the second quarter, California takes the lead as the state with the highest sales of weed in the United States of America.

This wouldn't come as a surprise to the majority, as California has always been at the forefront of the cannabis Industry in the country.

From being the first state to approve the medical use of marijuana in 1996, to now hosting some of the biggest cannabis farms and dispensaries in the country.

Cannabis Sales In The U.S.

The cannabis industry makes revenues worth billions of dollars from the states that have legalized either or both the use of recreational cannabis and medical cannabis.

A new nonprofit based in St. Louis, called We Are JAINE, plans to connect women in Missouri's cannabis industry with resources and mentorship opportunities.

Missouri’s cannabis industry is taking off, but few women are running the companies fueling that growth. A new nonprofit based in St. Louis, We Are JAINE, aims to change that.

Hemp is being trialled by local farmers throughout Aberdeenshire and Angus.

The north east is gradually becoming an unlikely centre of the hemp-growing industry.

 International cannabis companies are showing interest in Brazil, both its large consumer market for medicinal products and a proposal that could legalize planting of the crop.

Major producers like Colombia’s Clever Leaves and Canada’s Canopy Growth are developing and selling medicinal cannabis products to a Brazilian consumer segment estimated at 10 to 13 million people. This results from a 2019 regulatory change allowing the import, sale and manufacturing of such products.

But permission for cultivation of hemp and cannabis in Brazil would be a bigger prize. If granted, the industry could blossom in four to five years, based on the experience of other countries such as Colombia.

Municipalities in New Jersey that opt of allowing legal marijuana sales within their borders don’t just block such businesses. They could keep residents from establishing businesses in the industry at all.

The rules adopted for the recreational adult-use marijuana by the state Cannabis Regulatory Commission have been largely applauded, and a Wednesday online forum hosted by the Stockton University Cannabis & Hemp Research Initiative was on different.

Halo Collective Inc. ("Halo" or the "Company") (NEO: HALO) (OTCQX: HCANF) (Germany: A9KN) today entered into definitive agreements to acquire Food Concepts LLC, the master tenant of an approximately 55,000 square foot indoor cannabis cultivation, processing, and wholesaling facility in Portland, Oregon operated under the Pistil Point name (the "FC Acquisiton"), and the related licenses issued by the Oregon Liquor Control Commission ("OLCC") and other operating assets owned by the entities doing business as Pistil Point (the "Pistil Point Acquisition")). The FC Acquisition is expected to close within the next week upon the filing of articles of merger filed with the Oregon Secretary of State.

When the U.S. government eventually legalizes marijuana, there will undoubtedly be a lot more businesses looking to expand into the growing industry. The current federal ban on pot means that large companies with robust logistical abilities don't generally see the point of getting involved, since marijuana can't cross state lines. But there's hope that with Senate Majority Leader Chuck Schumer leading the charge and pushing for marijuana reform (which includes legalization), significant changes could be coming soon.