Connect with us

Health Care

These Are the Cannabis Industry’s Biggest Tricks and Treats so Far

Published

on

Halloween is almost here. As costumed revelers prepare for a weekend of celebrations, the cannabis industry readies for the beginning of the holiday shopping season just around the corner.
Green Wednesday, Black Friday and December holiday shopping sales dominate the collective minds of business operators. However, Halloween is a time to possibly see sales spike around edibles, but also as a moment to look back at the industry’s tricks and treats so far.
While the market’s growth is sweet, many sources that spoke with Benzinga say federal reform remains a trick no American should continue to endure.

Biggest Treats: A Rapidly Developing Cannabis Market

Overall, respondents steered clear of calling any cannabis companies tricks or treats in recent years. Instead, most focused on the market and legislative developments across much of the U.S.
Green Chip Stocks founder Jeff Siegel said the industry’s development is happening thanks to state-level legalization, something he didn’t expect to occur so quickly but is happy to see.
Siegel, a fan of infusing his own chocolates, added, “I honestly thought it would take much longer to get to where we are today.”
Some states are seeing the benefit of expanded cannabis reform. Roger Bloss, CEO of MJ Holdings Inc (OTC: MJNE), said the shift from medical to adult-use was a treat for Nevada.
“Medical cannabis alone could not serve the hospitality and tourism sector in Las Vegas,” said Bloss, a …

Full story available on Benzinga.com

Original Source: benzinga.com

Health Care

Listen: a Deeper Look at Cannabis Aquaculture With Living Things’ Founder Alex Noland

Published

on

This article was originally published on Confident Cannabis and appears here with permission.

Living Things is Oregon’s original aquaculture cannabis farm. What makes their farm so special? To start, they use living fertilizer from fish and beneficial bugs to grow their cannabis. That means no liquid fertilizers or pesticides touch their plants. This family-owned farm has been in the industry for over 13 years.

Confident Cannabis Sales Manager, Hannah Hayes, had the opportunity to chat with Alex Noland, founder of Living Things on the latest episode of “High on Our Own Supply” by Confident Cannabis, to share the story of how his unique cannabis business came to be and what the …

Full story available on Benzinga.com

Article: benzinga.com

Continue Reading

Health Care

Michigan’s White Boy Rick Launches Cannabis Brand “The 8th” Named for Amendment Banning Cruel and Unusual Punishment

Published

on

On Thursday, Rick Wershe Jr. aka “White Boy Rick” announced the release of his cannabis brand, “The 8th,” in partnership with Pleasantrees Cannabis Company, a vertically-integrated, multi-state cannabis company.

The name refers to the 8th Amendment of the U.S. Constitution prohibiting “cruel and unusual punishment,” something Rick was subjected to when he spent 33 years in prison for cocaine possession after being used by the FBI as an informant since he was 14. 

Initial brand offerings will be exclusively available for in-store purchase at Pleasantrees’ retail locations with select third-party retail locations to follow. At launch, the brand will feature pure and premium flower and branded clothing.

Social Justice …

Full story available on Benzinga.com

Source Here: benzinga.com

Continue Reading

Health Care

22nd Century Group Reports Revenue Gains in Q3, Seeks to Monetize Its Hemp & Cannabis Plant Lines

Published

on

Plant-based biotech company 22nd Century Group, Inc. (NASDAQ: XXII) reported its results on Thursday for the third quarter ended September 30, revealing net sales of $7.8 million for the period, up 6.9% from the prior year’s period.

Moreover, its year-to-date net sales totaled $23 million, up 11% from the corresponding period of last year.

The Buffalo, New York-based company, involved in cannabis and hemp research, as well as tobacco harm reduction, reduced nicotine tobacco and improving health and wellness via plant science, also disclosed that it is in the process of applying for a USDA Organic Certification for its hemp farm, Needle Rock Farms.

James A. Mish, CEO of 22nd Century Group, said he is proud to “begin to monetize our highly disruptive hemp/cannabis plant lines and IP.”

Q3 2021 Financial Highlights

Gross profit for the third quarter of 2021 improved by $87 thousand, or 24% to $449 …

Full story available on Benzinga.com

Original Source: benzinga.com

Continue Reading

Trending

BuzzUpdate.com