Kaitlin Domangue, Author at Green Market Report - Page 3 of 17

Kaitlin DomangueFebruary 11, 2021
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It’s time for your Daily Hit of cannabis financial news for February 11th, 2021. 

On the Site

How CBD Products Work to Improve Your Help

This article talks about the benefits of CBD, and how regularly using it can improve your health. It goes into the endocannabinoid system, and how it can manage stress and anxiety, promote bone health, aid in epilepsy treatment, etc. 

GFive Cultivation Breaking Barriers, Giving Back

Green Market Report highlighted Larry Smith, the CEO and co-founder of GFive Cultivation. He’s the first African-American to have a medical cannabis facility in Clark County, Nevada. He is committed to empowering young men and women in his community and breaking the barriers that prevent others from participating in this booming cannabis industry.

Columbia Care Expects to Sell C$25 Million of Stock to One Investor

Columbia Care Inc. (OTCQX: CCHWF) has entered into an agreement with Canaccord Genuity Corp. to purchase for resale, on a bought deal private placement basis, 2,800,000 common shares at a price of C$9.00 per share for aggregate gross proceeds of C$25,200,000. It is expected that the offering will be primarily sold to one large institutional investor. The deal is expected to close on or about February 25, 2021. The net proceeds will be used for working capital and general corporate purposes.

In Other News 

Supreme

The Supreme Cannabis Company, Inc.  (OTCQX: SPRWF) announced its financial and operating results for the three months ended December 31, 2020. Overall net revenue increased 54% to $18.3 million in Q2 2021 from $11.9 million in Q1 2021. Recreational net revenue rose to $12.7 million, an increase of 70% quarter-over-quarter as a result of distribution gains, improved fulfilment and higher sales as the Company’s products continue to be well received by the recreational cannabis consumer. In particular, a 98% increase in sales volumes and a 3% higher average selling price per gram from the Company’s dried flower and pre-rolls drove the increased recreational net revenue. The company reported a net loss of $7.9 million.

Beena Goldenberg, President and CEO of Supreme Cannabis, said, “Supreme Cannabis continued to execute on its strategy of accelerating revenue and controlling our costs in the second quarter of fiscal 2021, which resulted in record revenue and EBITDA performance. Consolidated net revenue grew by 54% compared to Q1 to $18.3 million, while recreational net revenue – which is a significant area of focus for the Company – grew by 70% compared to last quarter to $12.7 million. Our revenue growth was attributable to distribution gains, improved fulfilment and an overall strengthening of our internal processes. We continued to exercise disciplined cost control across the business, resulting in Supreme Cannabis generating positive Adjusted EBITDA of $3.6 million, up from $0.3 million in the first quarter of fiscal 2021.”

Wholesale net revenue, which includes the Company’s sales in the international medical cannabis segment, in Q2 2021 was $5.6 million, up 28% quarter-over-quarter, driven by a 14% increase in average selling price per gram and a larger contribution from international flower sales volumes.

 

Short Sellers

Short Sellers Have Lost $4.3B in Cannabis Stocks in 2021 

MSN reported that, as of Wednesday, these five cannabis stocks are in the largest short positions, with Tilray’s stock being sent 150% higher last week after a short squeeze: 

  • Canopy Growth Corp. (NASDAQ: CGC): $1.49 billion in short interest 
  • Tilray (NASDAQ: TILRY): $1.33 billion in short interest 
  • Aphria (NASDAQ: APHA): $402.6 million in short interest 
  • GW Pharmaceuticals (NASDAQ: GWPH): $401 million in short interest 
  • Aurora Cannabis (NYSE: ACB): $385.7 million in short interest 

Hempire Direct Launches Mobile App for Hemp & Delta 8

Hempire Direct released a first-of-its kind mobile app serving as an online marketplace for smokable flower, edibles, vape cartridges, and other hemp-derived products. The app will also have Delta 8 products, which is currently trending in the hemp-derived product space. 

Through Hempire Direct’s mobile app, farmers and brand manufacturers can list cannabis products on their app. It’s essentially an Amazon for hemp products.


Kaitlin DomangueFebruary 10, 2021
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On February 5th, state lawmakers voted to legalize cannabis in Virginia and establish a recreational market. Both chambers’ initiative would legalize possession of an ounce of marijuana or less, and begin the process of expunging certain cannabis-related misdemeanors on July 1st. Retail sales are predicted to start in 2024, per the plans of both the House and Senate.  

Virginia already has a medical marijuana program, but it’s limited compared to most states. Even so, the medical program is expected to be valued at $50 million in sales by 2024, and the adult-use market is poised to grow even bigger. 

Here’s what you need to know about the newly introduced adult-use legislation in Virginia: 

The vote passed through the Virginia General Assembly on February 5th 

Both chambers passed the bill to legalize cannabis for adult use at the beginning of February. The bill was introduced by Senator Adam Ebbin, who said “I think that Virginia is on a path to an equitable legalization plan for marijuana. There have been a few bumps, but I’m hopeful that we’ll have a polished bill we can agree upon in the next few weeks,” said Sen. Adam Ebbin.

The House passed the bill 55-42 

House Democrats were in favor of the bill, while Republicans were opposing it. The House’s version of the bill would maintain all cannabis criminal penalties until January 1st, 2024, when the first adult-use retail sale is set to take place. 

The Senate advanced its modified version 23-15

One of the Senate’s changes include allowing Virginia jurisdictions to opt out of retail stores, and will require a second vote by state lawmakers next year. The House and Senate need to agree on these changes before Gov. Ralph Northam signs the proposal. The governor has already voiced his support for the bill, and is expected to sign it. 

The biggest portion of tax revenue from cannabis sales will be invested in at-risk children

One of the most exciting things about both versions of the bill is where the tax revenue is going. The biggest portion of the revenue is set to fund Pre-K for at-risk children in the state of Virginia. “Reforming our marijuana laws is one way to ensure that Virginia is a more just state that works better for everyone. It also will eventually bring in tax revenue that can be used to further make sure we are providing equitable access to opportunity. For example, just half of the potential annual revenue could pay for two years of quality Pre-K to every one of Virginia’s most vulnerable three- and four-year-olds—children who deserve the best start in life,” said Gov. Ralph Northam. 

One of the bill’s chief patrons is a Black woman 

Louise Lucas has been representing Virginia’s 18th district since 1992. She is one of the chief patrons of this historical bill, along with fellow Virginia Senator Adam Ebbin. She is the floor leader of her Democrat colleagues in the state Senate, and because Democrats won a majority of seats in the 2019 Virginia senate election, Lucas succeeded Republican Stephen Newman as the Virgina Senate’s President pro tempore. This makes her the first woman and the first African-American to hold this position. 

The future of Virginia’s adult-use market

According to a recent study conducted by the Joint Legislative Audit and Review Commission, legalizing and taxing commercial cannabis sales in Virginia could generate between $154 and $308 million by the fifth year of sales. 

The legalization will hopefully bring much-needed social change, too. The study also found that Black Virginians makeup a disproportionately high number of cannabis-related offenses, and with this bill – that can be resolved. 


Kaitlin DomangueFebruary 8, 2021
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It’s time for your Daily Hit of cannabis financial news for February 8th, 2021. 

On the Site

Are High-CBD Hemp Flowers The Next Big Thing in Cannabis? 

This article explains what CBD hemp flowers are, and their legality. It also dives into the benefits of CBD hemp flower, and concludes that it’s here to stay in the cannabis scene. 

 

Global Hemp Acquires Water Rights With Plans for Hemp Building Materials

Global Hemp Group Inc.  ( OTC:GBHPF ) signed a Definitive Agreement with Prescient Strategies Group LLC to acquire all of its Western Sierra Resource Corporation (OTC: WSRC) Preferred A Class Share holdings in a private, third party transaction. The deal is expected to close on or about February 9, 2021 upon fulfillment of certain conditions including:

– WSRC restructuring certain unsecured debt prior to the issuance of the GHG Prefs;
– GHG providing the necessary initial payments to complete the transaction and other Debt Restructuring (completed).

In Other News

MJBiz Daily Reports Concentrate Sales Up 40% 

The cannabis news outlet reported cannabis concentrate sales were up 40% in 2020, far outpacing previous numbers. Sales hit $567 million in 2019, and reached $797 million in 2020. The data was first released by Headset, a cannabis data analytics firm based in Seattle. 


Kaitlin DomangueFebruary 4, 2021
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It’s time for your Daily Hit of cannabis financial news for February 4th, 2020. 

On the Site

MassRoots Wants To Be The Greatest Come Back In the Cannabis Industry

MassRoots had a net loss of $142 million for the nine months ending in September 2020. This is a staggering loss, and MassRoots’ CEO attributes a great majority of these losses to derivative liabilities. “MassRoots’ liabilities currently exceed its assets. Like a Phoenix rising from the ashes, we have been working to rebuild MassRoots with the goal of making it one of the greatest comeback stories in the cannabis industry,” said Isaac Dietrich, CEO of MassRoots.

 

Using Music to Stimulate Cannabis Plant Growth

This article explains whether or not playing music makes a difference to plants, and research indicates that certain types of music may yield favorable results. 

 

Veriheal: A CannaTech Company Focused on Medical Marijuana Card Accessibility 

Veriheal was created in 2017 by black businessmen Joshua Green and Samuel Adjetunji with the objective of providing quality medical marijuana education and resources. They provide a few services to make it easier to obtain a medical card, including: locating medical marijuana doctors, consultations to gain more knowledge on cannabis and its benefits, dispensary locator, opportunity to apply for a medical marijuana card.  

 

iAnthus Gets $11 Million For New Jersey Facility

iAnthus (OTC: ITHUF) stock popped over 57% to lately sell at 29 cents after the company was able to close on an $11 million bridge financing funded by certain lenders affiliated with the counterparties to the previously announced restructuring support agreement dated July 10, 2020.

 

Power REIT Acquires Facility Used by Canndescent 

Power REIT (NYSE: PW) has acquired a 37,000 square foot state-of-the-art greenhouse cannabis cultivation facility located in Riverside County, California through a wholly-owned subsidiary for $7.685 million.

 

Break the Grass Ceiling: New Whitepapers Support Women in the Cannabis Industry

As the inspiration from the first female Vice President grows, women are motivated to empower themselves and do even more amazing things than ever before. In celebration of this historic event, The National Cannabis Industry Association and the Women’s Inclusion Network by Arcview jointly released a set of five cannabis-related white papers that outlines the different challenges women executives face in the cannabis industry. 

 

GW Pharmaceuticals Stock Pops on Acquisition 

GW Pharmaceuticals began the day with a market capitalization of around $4.6 billion with approximately 31.18 million shares outstanding and a short interest of about 8.3%. GWPH shares opened 47% higher today at $215.00 (+$68.75, +47.01%) over yesterday’s $146.25 closing price and reached a new 52-week high this morning of $217.50. The stock has traded today between $212.15 and $217.50 per share and is currently trading at $212.88 (+$66.63, +45.56%), in response to the acquisition.

In Other News 

Delic Corp Announces Acquisition

Delic Corp, a psychedelic conglomerate, just announced a binding agreement to acquire Ketamine Infusion Centers (KIC). KIC operates two ketamine infusion treatment clinics, one in Phoenix, Arizona and one in Bakersfield, California. In the last three years, KIC has generated over $1.55 million in revenue, and have conducted over 4,000 treatments. 

 

Sundial Growers Announces $74.5 Million Registered Offering Closing

The company announced today that it has closed an underwritten registered offering of 60,500,000 Series A Units. Each unit consists of one common share and one-half Series A Warrant, with each whole Series A Warrant permitting the holder to purchase a single common share, and 14,000,000 Series B Units. 

Both Series A and Series B Units were sold at a price of $1.00 per whole unit, minus $0.0001. 

 

Leafly and Jane Announce Partnership 

Two giants in the cannabis industry, Leafly and Jane, are partnering together to bring an easier online cannabis consumer experience. 

“[Dispensaries] don’t have a solution that can be seamless like a Shopify or Amazon,” Jane’s CEO Socrates Rosenfeld said. “I think, together with Jane’s ability to cleanse information in real time, and essentially automate e-commerce for large brick and mortar selling sellers, combining that with Leafly’s consumer marketplace, we are making shopping for cannabis as simple as shopping on Amazon.”


Kaitlin DomangueFebruary 4, 2021
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As the inspiration from the first female Vice President grows, women are motivated to empower themselves and do even more amazing things than ever before. In celebration of this historic event, The National Cannabis Industry Association and the Women’s Inclusion Network by Arcview jointly released a set of five cannabis-related white papers that outlines the different challenges women executives face in the cannabis industry. 

The whitepapers

The CEO of Green Market Report, Debra Borchardt, was thrilled to co-author two of these white papers – Pathways to Equity Ownership and Pristine Companies Aren’t Good Enough for Cannabis Capital. She worked on Pathways to Equity Ownership with Christine De La Rosa of The People’s Dispensary, and Elise Serbaroli of Strimo. Gaynell Rogers of Treehouse Global Ventures co-authored Pathways to Equity Ownership with Borchardt. this with Gaynell Rogers of Treehouse Global Ventures. The three remaining white papers co-authored by women outside of Green Market Report are: 

“The document is well-prepared by successful women that represent the perspectives of all women whether Black, Brown, or White and in different verticals within the cannabis industry. The papers will inspire women with advice about successful entry and sustainability within the industry. Every woman seeking to enter the cannabis industry will benefit from reading it and attending the virtual event,” said Khadijah Adams, Chair of NCIA’s Diversity, Equity & Inclusion Committee.

Some key takeaways from the whitepaper discussing gender parity in the c-suite: 

  • Companies with more womxn in leadership roles are more profitable. A Pepperdine University study showed that twenty-five Fortune 500 firms with the best record of promoting womxn into high positions were 18 to 69 percent more profitable than the median firms in their industries.
  • Companies with more womxn in leadership roles are more competitive than their peers. One USA Today report found the stocks of 13 Fortune 500 companies led by a womxn for all of 2009 outperformed the S&P 500 (companies primarily led by men) by 25%.
  • • Womxn-led startups produce more than twice the revenue for every dollar invested. Womxn-led startups generate $0.78, compared to male-led startups that generate $0.31.10 They also perform better over time, generating 10% more cumulative revenue over a 5-year period.

Gender Parity in the C-Suite

The whitepaper explains that the step to reaching true gender parity in the workplace starts with one thing: getting to the root of the issue. The text goes on to say that recognizing systemic discrimination and oppression is the root of the issue at hand, and tackling that before anything else will produce profound results. 

“BIPOC womxn and men do not own or have significant representation in today’s cannabis C-Suite, despite the fact that the cannabis industry and market, as it exists today, was created by mostly Black and Brown people in the informal market. Racism is the reason cannabis prohibition exists, as cannabis was weaponized as a tool of state-sponsored systemic racism, filling prisons and marginalizing Black and Brown citizens and their communities. Practiced by both major political parties, voter suppression and exclusion was one of the major byproducts of supporting the prison industrial complex with these policies; it lies to us to change the cannabis narrative,” the whitepaper reads. 

The Grass Ceiling

The whitepaper discusses a concept known as the “Grass Ceiling”, which describes an invisible barrier that blocks women from advancing in the cannabis industry. 

“It is a barrier exacerbated by multiple identities (intersectionality) and applies to womxn as a group, with BIPOC and LGBTQIA+ womxn sitting at the bottom of the pyramid and the last rung on the ladder. There are numerous causes for this grass ceiling. We posit one important cause is occupational segregation. In our current labor market, outside of cannabis, we have seen executive positions segregated by gender. Womxn executives fill positions such as personnel, public relations, marketing, and some finance specialties. These are rarely pathways to the powerful top management positions and are often intentional. This is an example of tokenism22 or a way of practicing performative gender parity but not actual gender parity. The pathways that lead to those power positions, like President or CEO, are rarely offered to womxn in any significant way, thus limiting access to those positions.”

Get your copy of the whitepapers

Some of the whitepapers were made available to download (for free) on January 28th, as well as key research takeaways, and the forward written by Jeanine M. Sullivan, Chief Investment Officer of Arcview Ventures and Founder of the Women’s Inclusion Network. 

Free webinar hosted by the whitepaper’s authors

The Arcview Group and NCIA invite business owners to join them for a free webinar on February 5th, led by the authors of the whitepapers, to jumpstart gender balance in the cannabis industry. 


Kaitlin DomangueFebruary 3, 2021
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It’s time for your Daily Hit of cannabis financial news for February 3rd, 2020. 

On the Site 

Will Cannabis Affect How Smart You Are? 

There is no definitive proof that cannabis use affects how smart you are, despite popular belief. Some research, in fact, might suggest the opposite. 

 

Jazz Pharmaceuticals is Buying GW Pharmaceuticals in $7.2 Billion Deal 

Jazz Pharmaceuticals plc (Nasdaq: JAZZ) is buying GW Pharmaceuticals plc (Nasdaq: GWPH) in a deal valued at $7.2 billion or $6.7 billion net of GW cash. Jazz will acquire GW for $220.00 per American Depositary Share (ADS), in the form of $200.00 in cash and $20.00 in Jazz ordinary shares.

 

Scotts Miracle-Gro Reports Record Sales, Raises Guidance 

The Scotts Miracle-Gro Company (NYSE: SMG) reported that company-wide sales increased 105% to a record $748.6 million in its fiscal first-quarter primarily driven by strong retailer support in the U.S. Consumer segment as well as continued momentum in Hawthorne, the company’s hydroponic subsidiary

In Other News 

springbig Acquires BudTender 

Cannabis marketing and communications technology company, springbig, announced their acquisition of BudTender. BudTender is a customer experience platform based in Canada. The acquisition will add over 200 clients to the existing customer base at springbig, and will increase their market share to over 1,900 retail partners across Canada and the United States.

 

Cannabis Stocks Soar in Response Announced Acquisition 

Alternative Harvest, Cronos, GW Pharmaceuticals, Aurora, Tilray, and Aphria are among those cannabis stocks to rise following the news of Jazz Pharmaceuticals announcing their future acquisition of GW Pharmaceuticals.

 

MedMen to Announce Fiscal Results 

MedMen announced their plans to release second quarter fiscal 2021 financial results on February 16th, 2021. Following the announcement, the MedMen team will host a conference call with various key participants.


Kaitlin DomangueFebruary 2, 2021
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It’s time for your Daily Hit of cannabis financial news for February 2nd, 2020. 

On the Site

Vangst Report Shows Cannabis Jobs on the Rise

Vangst projects that 26,241 new cannabis jobs will be added by the year 2025, based on the five newly legalized states: Arizona, New Jersey, Mississippi, Montana, and South Dakota. The jobs, unfortunately, have a few downsides – low pay being one of them. Social equity also seems to be lacking, with more talk happening than action. The cannabis industry, however, excels at the benefits it provides its employers. Things could be worse. 

 

Money Moves: Aleafia Health, Sundial Growers

Sundial Growers Inc. (NASDAQ: SNDL) has closed a best efforts underwritten registered offering of 100,000,000 Series A Units with gross proceeds from the offering coming at approximately $100 million, before deducting underwriting discounts and estimated offering expenses. In addition to that announcement, Sundial also said that it has priced a best efforts underwritten registered offering of 60,500,000 Series A Units raising $74.5 million. The exercise price of the Series A Warrants will be $1.10 per common share.

In Other News

Cresco Labs Scores Recreational License in Arizona

The MSO has been approved to sell cannabis Arizona’s new adult-use market. The approval was granted for the company’s Sunnyside dispensary in Phoenix. The dispensary is currently operating as part of the medical landscape, and will be serving adult-use consumers, too. 


Kaitlin DomangueFebruary 1, 2021
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It’s time for your Daily Hit of cannabis financial news for February 1st, 2021. 

On the Site

THC vs. CBD: Differences and Benefits

The difference between THC and CBD is how they interact with the body, and the effects they produce. Both cannabinoids have great benefits and can be used for a variety of things. 

 

Sober January Leads to Boost in Cannabis Beverages

While many consumers put down the bottle this month for Sober January, some have picked up a cannabis-infused beverage instead causing sales to rise in this emerging category. “To our pleasant surprise, our January sales thus far have exceeded even our December sales. Trading high alcohol, high-calorie drinks with zero alcohol, low calorie Saka Vinfusions is Dry January’s best accompaniment,” said Tracey Mason, Co-founder and CEO of House of Saka

 

Executive Spotlight: Maria Testa

Maria Testa is the Co-Founder of Moose Labs, where she handles branding, social media and customer relations. It was Maria’s “aha” moment that led to the development of the MouthPeace product line. In a predominantly male-run industry, her female perspective of the market and its associated problems have been a driving force behind the growth of Moose Labs.

 

GrowGen Buys Maine-based Grow Depot

It seems a month doesn’t go by without  GrowGeneration Corp . (NASDAQ: GRWG ) making another acquisition. February is only just starting  and the hydroponic store chain has said it is buying Grow Depot, a two-store chain in Auburn and Augusta, Maine. The acquisition brings the total number of GrowGen hydroponic garden centers in Maine to five, with locations in Auburn, Augusta, Biddeford, Brewer, and York.

 

Slang Teams Up with Merida to Speed Up Expansions

SLANG Worldwide Inc.  (OTCQB: SLGWF) has teamed up with cannabis-focused private equity firm Merida Capital Holdings to speed up Slang’s expansion in both new and existing markets. In addition to the partnership, Slang said that Merida led a non-brokered private placement of up to C$10 million to fund further growth. The stock was rising over 6% to lately sell at 32 cents.

In Other News

Columbia Care Wins 5 Dispensary Licenses in West Virginia

Cannabis giant, Columbia Care (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP), has officially secured five dispensary licenses in West Virginia, establishing them as a completely vertically-integrated facility. Retail operations will be in Beckley, Fayetteville, Morgantown, St. Albans, and Williamstown.

 

Trulieve Secures 4 West Virginia Dispensary Permits

Trulieve (OTCQX: TCNNF), won four medical cannabis dispensary licenses in West Virginia. Locations will be in South Charleston in the greater Charleston area, Weston, Buckhannon, and Morgantown. 

 

cbdMD to Donate Up to $500,000 to Help Bars & Restaurants in the Pandemic 

Highly-respected CBD company, cbdMD, is giving back this year, in a huge way. The company is discounting their topicals by 25%, and then will match that discount with a cash donation up to $500,000. The donation will be made to The Barstool Fund, a fund set up by David Portnoy and Barstool Sports, and will go to all small businesses across the United States who have been impacted by the shutdowns of the COVID-19 pandemic. 


Kaitlin DomangueDecember 18, 2020
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It can get expensive fast when trying to buy holiday gifts for your family and friends, and that becomes especially true when you’re searching for cannabis-related gifts! So, we’ve compiled a list of the best cannabis holiday gifts that are under $50. We tried to make them pretty unique gifts, and not just throw products that happen to be under $50 on a list and call it good. 

You’ll find a mix of things on this list, and some of these gifts do have THC – so they are only available in select locations. 

THC Olive Oil by Om Edibles

Om Edibles infused olive oil is the perfect gift for the cannabis-enthusiast and foodie in your life. Featuring 20 milligrams of THC per teaspoon, this olive oil adds a chill vibe to any dish. It also has approximately 24 total milligrams of CBD, so it balances the THC very well. You can use this infused product just as you would regular olive oil, however that may be! Because of the THC content, this product is only available in California and retails for $29. 

CBG Topical by Goodekind

Goodekind’s CBG topical is a unique product for all of the cannabis-enthusiast people in your life. CBG is quickly rising in popularity, with science discovering that the cannabinoid has awesome therapeutic properties – just like CBD! Goodekind’s topical contains 300 milligrams of CBG, as well as other amazing ingredients like organic shea butter, organic beeswax, and organic coconut oil. The topical also includes soothing essential oils, eucalyptus and peppermint. The topical retails for $35. 

Plus, when you support Goodekind – you support human rights! An eighth (pun likely intended) of the brand’s profits go to human rights initiatives in the United States.

Kanha Nano Sugar Plum Gummies

Kanha has released a holiday edition of their nano gummies in the flavor Sugar Plum. The Sugar Plum flavor comes in an indica strain, and features 10 milligrams of THC per serving. The gummies use Kanha’s nanomolecular technology which creates a stronger and more hard-hitting effect. Kanha’s gummies are available in California. 

Rhythm CBD Seltzer

Rhythm CBD’s seltzers come in three different flavors: blackberry lavender, lemon ginger, and grapefruit rosemary. While they have a 12-pack of sparkling water for $70, you can also purchase a 4-pack for $24 to be well under your $50 budget! The flavors provide different effects, blackberry lavender for sleep, lemon ginger for recovery, and grapefruit rosemary for alertness and vitality. 

This is a hemp-derived product, so these refreshing beverages are available in most U.S. states, excluding a few! 

Pokers by Elevate Jane

We’ve featured Elevate Jane a few times in our gift guide series, but the woman-owned brand just has so much to offer – and at a great price! Elevate Jane has a few different pokers for all of your cannabis poking needs, and their cute styles make clearing bowls fun! Choose between an avocado, pineapple, or ice cream poker – all styles retailing for just $18. These pokers are the perfect low-cost gift for your bowl smokin’ cannabis friend! 


Kaitlin DomangueDecember 16, 2020
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One of the downsides to gifting cannabis products is that a lot of them are only available in certain areas. I can’t tell you how much I’ve hated writing, “This is only available in California”, or wherever the product may be! 

I am so thrilled to say that these are the best CBD-only products, which means they are available everywhere! These are the gifts you want to give to your cannabis/CBD enthusiast friends all over the country, no matter where they are. 

CBD Sleep Gummies by CBDistillery

Let’s face it. Diets, habits, sleep schedules, and more are usually out of whack during the holiday season. If it isn’t planning Christmas dinner for your family, it’s navigating a global pandemic. You know, 2020 normalcy. 

Giving the gift of sleep this year might automatically move you to the nice list. CBDistillery’s 30 milligram sleep gummies infused with melatonin is the way to give sleep. They’re a mixed berry flavor, so even the pickiest of tastebuds will love them. They retail for $60 and have two milligrams of melatonin, too. 

Subtle Tea 

Subtle Tea is the CBD gift for your health and wellness friends. Each bottle of tea literally has 5 total calories, and is keto/vegan-friendly. Featuring 25 milligrams of CBD, Subtle Tea is the perfect way to relax and refresh your mind. The tea is also packed with polyphenols and antioxidants for extra immune-boosting support. Choose between jasmine green tea with lychee, white peach tea with cardamom, and ginger white tea with fuji apple. 

P.S., there are THC teas for purchase, but they’re obviously only available in select locations.

Mondo CBD Dust

Mondo’s CBD dust is a unique way to get your daily dose of cannabidiol. It literally is just a powder, so it can be easily added to recipes or eaten on its own. It is designed to relieve anxiety and boost your mood, which is the perfect way to enter 2021, am I right? The Mondo powder contains 5 milligrams of CBD per dose, which is just the right amount to start with. Add more or half the dose based on preferences. Your friends will love this gift – but we think it’s totally fine to keep this one for yourself. 

Peppermint Bath Bomb by House of Platinum CBD

Is there anything that screams holiday self-care more than a CBD-infused peppermint bath bomb? Probably not. Not only is this the perfect holiday gift for anyone that loves a good soak, but it only costs $8.50! This is a great stocking stuffer, or a gift for the one that has everything. This bath bomb contains 100 milligrams of CBD, which is more than enough to relax you from head to toe. 

 

CBD Cucumber & Peptides Eye Gel from Tribe Tokes

CBD is great for the skin, much of its anti-inflammatory properties translate into skincare when used appropriately. This eye gel by Tribe Tokes encompasses everything that a great CBD gift should. It’s affordable, practical, and full of amazing ingredients. This eye cream is designed to lift the eye area, reduce under eye circles, and increase brightness – all while improving elasticity and fine lines. 

The CBD cucumber eye gel retails for $50, and can be found along with other awesome CBD products from Tribe Tokes. 


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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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