Business Archives - Green Market Report

StaffStaffMarch 7, 2021
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6min200

Editors Note: This is a guest post.

Marijuana growing has become a popular choice for many people who want to enjoy their bud in a fun, cost-effective, and rewarding manner. The growing legality and the popularity in marijuana culture have both resulted in a market for finding seeds online. A quick Google search for marijuana seeds will yield thousands of results, often intimidating or disorienting newcomers. Unfortunately, many websites have a bad reputation that is earned – stories abound of weak selection, seeds that don’t grow, and even financial fraud. 

It’s important to find a reputable cannabis seed bank with a variety of options. Thankfully, seed-city.com is the ultimate one-stop shop for virtually all of your cannabis needs. 

Seed City is a massive platform of marijuana breeding companies that can provide you with high-quality seeds from trusted and innovative breeders. Starting in 2010, Seed City has built an expansive network of breeders who can help bring you some of the most exciting, unique, iconic, and genetically superior marijuana seeds available. Their huge inventory, boasting over 5,000 options, can provide you with anything you’re looking for, from autoflower seeds to hemp seeds, and everything in between. 

The disorienting amount of seed variety can be overwhelming to newcomers who simply just want to grow seeds and aren’t familiar with the marijuana cultivation process. Seed-city.com offers all sorts of seeds to help you get what you want out of the growing process, whether it be bud yield, fast-growing time, or ease in growing. Simple mistakes can waste your time and money, so it’s important to know the difference between the different types of seeds. 

Autoflower Seeds 

Autoflower seeds are the quintessential beginner’s seed. They automatically bloom on their own without a shift in lighting schedules, making it convenient and easy for people who are inexperienced with growing plants. The reliability coupled with a simple lighting schedule, high resistance to temperature fluctuations, and a wide variety of strains available make this a fast-yielding choice.

Some notable Autoflower seeds offered on seed-city.com include Purple Lemonade, Gorilla Glue Auto, and Big Bud Auto. 

Feminized Cannabis Seeds

Feminized Cannabis Seeds are a little more complicated to grow, but they come with a huge advantage: they yield a large amount of bud! Male plants are notorious for virtually being unsmokable as their buds do not contain THC or CBD. A feminized cannabis seed essentially nips that problem in the bud by effectively streamlining the selection process and cutting out the possibility of getting stuck with a male plant. Due to the careful breeding process, these seeds yield very potent and high-quality weed. 

Some notable Feminized Cannabis seeds offered on seed-city.com include Purple Haze, Gorilla Glue, and O.G. Kush

CBD Seeds 

CBD seeds offer the relaxing properties of cannabis without the psychoactive effects. They have increased in popularity over the years due to their therapeutic and medicinal value. For those who want pain relief or relaxation without getting high, they are perfect. 

Some notable CBD seeds offered on seed-city.com include Tatank Pure, Super Lemon Haze, and BlackJack

Runtz Seeds 

Runts seeds are a newer and very popular strain of marijuana from California, offering a rare genetic profile sought out by many users. Runtz is known for its incredibly unique flavor profile, its vibrant purple and pink colors, and its potent effects. Runtz is named after the candy, due to its surprisingly sweet taste and smell.  

Some notable Runtz seeds offered on seed-city.com include Feminized White Runtz Seeds and Bubble Runtz

 


StaffStaffMarch 7, 2021
globe.jpg

6min360

Editors Note: This is a guest post.

According to a careful estimate, the marijuana market is expected to reach $90.4 billion by 2026. In 2020, the marijuana industry was valued at $20.5 billion. These numbers clearly show that Marijuana is going to lead the world of e-cigarettes in the coming years. So, if you are wondering how it will take over the industry, you have come to the right place because this blog is just the thing that you need to read to know about the future of both Marijuana and the vape industry. 

Why Marijuana is becoming more popular?

Marijuana activists have a lot to throw light on the pressing issue of the war on drugs. They have made it a point that Marijuana is not a drug that should remain illegal. Therefore, all the people who are in prisons serving their sentences related to marijuana felonies should be released. 

The issue has become a highlight after the activists pointed out racial discrimination by the state on the war on drugs. Therefore, it is not a domestic issue anymore, and it has been the highlight in the past few years. 

The marijuana activists highlight the problems created by Marijuana being illegal. Researchers have been busy discovering the amazing medicinal uses of Marijuana and its potential to treat chronic diseases like cancer. Therefore, awareness regarding the use of Marijuana is doing the trick, and many people are socially accepting it. The recently elected president of the United States of America, Joe Biden, made it a point in his election campaign that when he comes to power, he’ll work on the regulations to declare Marijuana legal and end the racial discrimination in the name of the war on drugs. 

All these factors are contributing to the popularity of the marijuana industry, and the indicators are very obvious that soon it’ll be the most growing industry of the decade. 

What Will Happen to the Electronic Cigarette Industry?

Many industry specialists speculate that the popularity or Marijuana might be the end of the electronic cigarette industry just like e-cigarettes put a mark on the tobacco industry. There is a reasonable substance in this argument; however, it is still far from true that the e-cigarette industry will face an ultimate demise due to the rise of Marijuana. 

The United Kingdom is supposedly the biggest market of e-cigarettes in the world, and they are passing regulations to make it legal all across the states to end the use of tobacco. It means that the vape industry is still evolving, and the claims that it’ll be out of business soon are very immature. However, there is no denying the fact that the vape industry needs to evolve and adapt to the marijuana industry; otherwise, it’ll not be long before e-cigarettes become a thing of the past.

How Can the Vape Industry Cope with The Emerging Marijuana Industry?

All the above discussion gives rise to a very simple question: What vape industry should prevent its doom? The answer is quite simple. Vape and electronic cigarette companies need to adapt to the changing world. For example, companies such as V2 are already adapting to this change by introducing CBD infused products and marijuana-friendly e-cigarettes.

Vape companies need to keep it in mind while launching new products to look for CBD products more than nicotine. It means that vape juices will need an upgrade if they want to be relevant in the market. Another important thing to keep in mind is that there is going to be a lot of competition, and the only way to survive it is to go green.

Different strains of Marijuana are used for different reasons. Therefore, vape companies should provide an all-inclusive solution to the customers looking for their choice strain. 

The vape saloons will also need to adapt to these changes, and they have to provide all marijuana strains and their e-cigarette variants under one roof so that they don’t grow out of business in the coming years. Apart from all this, the different states also need to realize the rising popularity of Marijuana among the masses and many medical uses of marijuana and pass regulations in the larger public interests.


StaffStaffMarch 6, 2021
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4min420

Editors Note: This is a guest post.

Are you currently using, or are you planning to use CBD products? How much do you know about it? Do you know where it came from? Do you think it’s legal? Let’s find out.

There are so many things that you need to know before you decide to use a product. You need to consider the price, the ingredients, etc. That is the right thing to do! Whenever you want to put something in and on your body, whether internal or external, you still have to be sure it’s not going to harm you. 

History Of Medical Marijuana

It was recorded that as early as 2737 B.C., Emperor Shen Neng of China already started using cannabis tea to treat gout, malaria, rheumatism, and poor memory. Ancient physicians had also prescribed marijuana for any pain.

This means that even though marijuana was declared illegal for many years and recently made legal due to “recent studies” claiming marijuana contains compounds that can be used for certain diseases, we still cannot say that it’s a recent discovery. It had been used already since ancient times!

In 1914, it was declared that the use of marijuana is a crime. Outright prohibitions began in the late 1920s. 

According to this site, In 1833, a twenty-four-year-old Edinburgh, W.B. O’Shaughnessy, did a lot of research and introduced Cannabis to Modern Western Medicine. 

 

Where Can You Get CBD?

We all know the drill. Cannabidiol (CBD) is a substance that exists in the cannabis Sativa plant, a family of marijuana. CBD, unlike the tetrahydrocannabinol (THC) in marijuana, does not appear to have any intoxicating effects. What makes CBD such a wonder product is that it has all the health benefits of cannabis sans the delusions part. Plus, it’s legal in most states. 

If you have Epileptic seizures, anxiety, arthritis or joint problems, digestion issues, allergies, general pain, regulate appetite, inflammation, and alike, it is said that CBD can help you. There are a variety of products made that suit your needs. You may check this site https://cheefbotanicals.com/cbd-products/all-cbd-products/ for more information.  Other benefits include antidepressant; may fight cancer; helps with heart health, and lower blood sugar. However, it is said that there is no enough scientific evidence supporting these claims. 

Cannabidiol may be taken in several ways. There are through inhalation of vapors, through an aerosol spray, and by mouth like pills, edibles, gummies, alcoholic beverages, supplements, and even coffees! There are also CBD oils and beauty products, and a lot more. 

There are plenty of CBD products being marketed online. Some are also available in pharmacies at selected places. 

 


Video StaffVideo StaffMarch 5, 2021

2min490

2020 was a great year for the cannabis industry. Even though the pandemic sent everyone home for long periods of time, the plant was named essential in most legal states during the Covid shut down, and want did most people do? PARTY! That’s right, more cannabis was sold in the United States legally than in any year before over 17 Billion dollars. Most experts believe this is just the beginning of the cannabis boom, and if the Feds decriminalize possession then the industry will really explode in 2021. You can add Virginia to the list of Adult Use legal states, bringing that total to 16 now even though South Dakota continues’ its legal fight. Phil Adams from Vote Pro Pot Cast has details on that development. Canadian comedian and actor Seth Rogen is bringing his favorite weed strains to California for sale and online orders already crashed his website. Solomon Israel from MJBiz Daily International has the Canadian report. Debra Borchardt from the Green Market report has the latest on merger and acquisitions in the cannabis space while Massachusetts-based Mari Med gets a huge infusion of cash from a healthcare company. Weed Talk News expands it’s state coverage with reports from Vermont from their Green Nurse Jessilyn Dolan and Tara Misu has the New Jersey report. Jimmy Young from Pro Cannabis Media anchors Weed Talk News from outside of Boston


StaffStaffMarch 5, 2021
cbdgummy.jpg

8min780

Editors note: This is a guest post.

 

If you’ve grown wearisome of old-age methods of consuming CBD, you will absolutely love CBD gummies. They are like squishy candies that are sweet and flavorsome but are jam packed with cannabinoids. Compared to vapes and tinctures, it is a unique but more fun way to introduce this phytonutrient in your system. 

You can also find gummies infused with other powerful nutrients such as apple cider vinegar, spirulina, turmeric, and so many more. Since they are a unique type of CBD and are available in many blends, it is overwhelmingly challenging to find the right match for you. 

So, follow our guide to find out what you should look for in CBD gummies. 

  • The Right Types  

Not all CBD gummies are formulated the same, some are highly potent, whereas others come with better flavoring. Here are the three most common types currently available in the market: 

  • High-Dosage Gummies

On average gummy usually contains 5 to 10 mg of CBD — a pretty decent dosage. CBDfx, on the other hand, harbors 50 mg/ serving, which is equivalent to a full-day requirement of CBD. If you are looking for a highly potent gummy, this is your product. 

  • Gourmet Gummies

For candy-lovers who seek a burst of sweet flavors, gourmet gummies are worth giving a shot. However, they come in a huge flavor spectrum, which includes peach rings, sour gummies, fruity flavors, and so much more. They are formulated to obscure CBD’s flavor, giving you a more fun experience.  

  • Nutrient-Enhanced Gummies

It is a great concept to blend flavorings, CBD, minerals, and vitamins to create a full package of nutrients. Such edibles are becoming increasingly popular for providing such a delightful way to fill nutrient gaps. So, you couldn’t be happier with this type of CBD, however, they are slightly more expensive than other types. 

  • CBD Source 

CBD is extracted differently, giving us three distinct types based on purity level — isolates, broad-spectrum, and full-spectrum. If you are looking for the purest forms of CBD, then isolates are what we recommend. They are devoid of terpenes and volatile organic impurities, making the product perfect for medicinal purposes. 

Broad-spectrum CBD lacks THC and contains a high concentration of cannabinoids. On the opposite, full-spectrum CD offers different cannabinoids as well as THC, which is why it is known for triggering psychoactive effects.  

  • Ingredients 

Since we are talking about edibles, there is more than just CBD involved in the formula. Some companies use preservatives to make them suitable for long-term use. Also, there are many artificial ingredients and sweeteners to enhance flavorsome hints in the servings. 

Those who suffer from allergies, or are following a strict vegan diet, should stay away from ingredients like fructose corn syrup. Therefore, read the ingredient list thoroughly to watch out for unwanted compounds before getting a bottle of CBD gummies. 

Not always artificial elements are involved in the formulation as 100% organic CBD gummies are also available. Everything from the natural flavoring to the color is extracted from organic sources in such ideal products. 

  • Optimum Potency 

As mentioned earlier, the potency of CBD gummies does not remain the same for all types. For instance, a 10 mg CBD isolate would not be as potent as a 10 mg full-spectrum CBD. Also, the amount a person should intake in a single day varies, depending on the type of health condition you are aiming to treat. For serious problems like chronic pain and stress, you may have to consume more than usual to enjoy optimal effects. 

However, if you are not sure of the dosage, then it is best to experiment with a little amount first. Starting from point zero will give you a rough idea of how much CBD your body desires.  

  • Third-Party Testing 

At the moment, CBD gummies are not FDA approved, meaning they don’t guarantee the quality, effectiveness, and safety of these products. Still, if you have to reap maximum benefits without having to suffer from detrimental side effects, it is best to research the product’s quality. 

You can check whether the ingredients have been inspected for impurities such as molds, pesticides, heavy metals, and other unwanted compounds. Also, you can compare the lab results from COA with the claimed amount of THC and CBD to verify the concentration. 

  • A Delicious Flavor 

Since they are candies, they are meant to be delicious — that’s why they are formulated in the first place. They come in a myriad of flavor options, including fruity, sour, chocolate, flowery hints, etc., depending on the ingredients. 

The most popular range of flavors is the fruity spectrum — apple, strawberry, pineapple, pomegranate, and so on. However, manufacturers have discovered a unique blend of flavors as well to attract the crowd, giving them something different to try. It wouldn’t be wrong to say that you will be introducing a mouthful of happiness in your body, which is an experience worth having.  

 

 


Noemi GonzalesNoemi GonzalesMarch 5, 2021
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5min960

The Lotus and the Bud: Cannabis, Consciousness, and Yoga Practice

by Christopher S. Kilham

Yoga goes together with Cannabis usage like chocolate chips goes together with medicated cookies so it should come as no surprise to learn that a book such as “The Lotus and the Bud” focuses specifically on how to maximize your results by intelligently combining marijuana with Yoga routines.

What a time to be alive, right?

Let’s downward dog our way into this book and see just what author Christopher S. Kilham has for us on this book that has such a catchy title.

-Topic Focus-

This book does a fantastic job of further bridging the gap between ganja and the myriad of health benefits to be gained from Yoga while honing in on the mental, spiritual, and other benefits that can be amplified by correctly pairing cannabis and Yoga.

There are many illustrations that depict poses and postures that promote healing and wellness by enhancing your cannabis usage experience and inducing elevated states of mind. The positions presented in this book are supposed to be ideal for generating the various positive effects of Cannabis and Yoga when combined properly.

Here you will find much lore and history regarding the usages of marijuana and Yoga in India, the Himalayas, and you will also learn about how this unique combination can be healthy for your immune system as well.

 -About the Author-

The author of “The Lotus and the Bud” is an interesting one with a unique array of background experiences and professional credentials.

Author Christopher S. Kilham is an author who has over 15 books published, has been a guest on platforms such as CNN, Business Insider, The Dr. Oz Show, and much more. He is also the founder of medicinehunter.com, a yogi, and works in the plant-based foods industry.

He also has an incredible level of experience when it comes to exploring unique and challenging terrains and biomes in search of various plants, herbs, and potential extracts that can contribute to wellness and health.

-Reading Experience-

The author did an excellent job of combining his own personal stories and experiences with his deep level of expertise when it comes to cannabis consumption alongside Yoga practice and the flow of the book moves along quite nicely. It does not take long to get the sense that he is passionate about the subject.

The illustrations of the Asanas (Yoga poses) are nicely done and allow for you to practice and learn as you go by mimicking what you see in the book. After getting properly medicated, of course!

“The Lotus and the Bud” serves as a more than adequate guide for those looking to increasees their level of personal wellness through cannabis and Yoga and the author clearly knows his stuff.

 -Summary-

This book makes for a great manual for your own home or to serve as a gift for anyone who is interested in exploring more ways to increase their own wellness and health through Cannabis and Yoga combined as it expertly covers the topic.

The illustrations present in “The Lotus and the Bud” serve as a genuinely useful resource that will help you to learn and hone your own Yoga moves as you become more fit and flexible while enjoying that nice buzz and taking in all the health benefits that come with it.

You can get your copy here.

 

 


StaffStaffMarch 5, 2021
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7min430

Editors Note: This is a guest post.

 

Why do students use marijuana? This article provides you with 8 reasons why the use of marijuana is rising among students, especially those at the college level. According to a recent study by the University of Michigan, marijuana use among American college students is now highest in 35 years. This study polled 1,400 students between the ages of 19 and 22.

With that said, let’s jump straight into why students partake in cannabis.

Curiosity

Many high school and college students who try weed for the first time are just curious. It is not entirely unexpected, given that curiosity is a normal part of growing up. See, as students interact, they will want to try out what they see their friends do, including weed, and it’s only natural.

Peer Pressure

Peer pressure is one of the common reasons why students start partaking in ganja. As a new student with no history of using the substance adjusts to a school setting, they create new friends and social circles. At the same time, the student is cultivating their identity.

This phase of life can be quite impressionable, leaving a student vulnerable to several things. In this case, if their social environment comes with weed smoking, such a person is likely to start experimenting with the substance.

An important thing to note here is that a student is not necessarily pressured to use ganja. Rather, since the student’s social environment makes it normal, they are more likely to start partaking to fit in.

Peer groups extend way beyond schoolmates. Family members can also be a source of peer pressure, just like pop culture. Regarding the latter, the display of marijuana use on the media has played a huge part in normalizing the substance’s use among many people.

Boredom

Several studies have concluded that a significant fraction of students uses cannabis to cope with boredom. For these students, marijuana is the best way to pass their time between classes or over the weekends and holidays.

The Perception That Marijuana Is Safe

Very few studies have explored the negative impact of extensive ganja use. Given this development, many students consider cannabis to be safer, especially over cigarettes and other hard drugs. Nonetheless, this does not mean that cannabis has no effects. Like any other substance, abusing it is sure to come with various issues, including substance abuse disorder and addiction.

An Escape from Various Issues

Students face a myriad of problems, and each of them has to deal with theirs in their way. Some students will turn to cannabis to manage stressful emotions and cope with various challenges. Often, marijuana is considered a choice option, given the high sensation it delivers to the user. This feeling appears to numb the pain one is experiencing, making it an excellent way of overcoming stress.

To Manage Mental Issues

Many students have a diagnosable mental health issue, for example, anxiety, depression, or post-traumatic stress disorder. To manage such conditions, students turn to cannabis to lead normal lives in the face of their peers. Many students say that cannabis offers relief for various mental issues, including stress, troubled sleep, concentration problems, physical discomfort, etc.

Are you struggling with a mental health problem? Self-medicating with marijuana is not the ideal approach. Consider talking to a psychotherapist if you have an underlying psychological condition that’s undermining your studies. 

Also, do not allow the pressure of academic life to push you to the edge. Get the right assistance from the right expert. For example, a professional essay helper will help you manage a composition assignment, sparing you from the stress and pressure of doing it independently.

To Get High/ Feel Awesome

Some students partake in cannabis simply because it makes them high, which is considered fun. After taking the substance, a student might loosen up and start laughing easily. This easiness makes socializing easier and gatherings more enjoyable.

Availability & Opportunity

Unlike many other drugs, marijuana is easily accessible. Besides, the legalization of cannabis means that obtaining it is even easier than before. These developments have made it possible for students to acquire cannabis and use it whenever they feel like it.

For college students, being away from the supervision of parents offers an opportunity to partake in cannabis. This situation contributes to the increased use of the substance among students.

Final Thoughts

These are some of the reasons why many students today are using marijuana. Of course, there are more of them out there. If you have some ideas, feel free to share them with us below.

 


Video StaffVideo StaffMarch 5, 2021

3min1160

This is Psychedellux your weekly recap of the psychedelic industry business news

Psychedelic media company Delic Holdings Inc. (OTCQB: DELCF) has acquired mushroom kit maker and media company Homestead brands in an all-stock deal. DELIC issued subordinate voting shares worth $50,000 and 50,000 incentive stock options were also granted to Homestead founder David Tatelman, with an exercise price of $0.58. David Tatelman will act as a consultant to the company.

NeonMind Biosciences Inc. (CSE: NEON) (OTC:NMBDF) announced that they have filed four additional provisional patents on psilocybin preclinical data. NeonMind has a consumer products division focusing on medicinal mushroom infused products, as well as a pharmaceutical division focused on drug development of psychedelic compounds. 

Optimi Health Corp. (CSE: OPTI) closed its oversubscribed IPO and began trading its shares last Friday on February 25, 2021 on the Canadian Securities Exchange. 

Mydecine completed its harvest of psilocybin mushrooms at a private facility in Jamaica. The first shipment of the harvest has now been received at Mydecine’s Canadian facility, which has a Health Canada Schedule 1 Dealer’s License attached to it.

 Novamind Inc. (OTC:NVMDF) reported its fiscal second-quarter results for the three months ended December 31, 2020. The company had revenue of $1.2 million primarily composed of patient services from the clinics in Utah. The company said it was a 47% increase over the first fiscal quarter ending September 30th, 2020.

Ehave, Inc. (OTC Pink: EHVVF) filed for a patent for a trademark on its KetaDASH brand name. The company also filed its application to uplist its shares on the OTCQB market.

Cybin Inc. (OTCQB:CLXPF) uplisted from the Pink Sheets to the OTCQB Venture Market with the symbol “CLXPF”.


Video StaffVideo StaffMarch 5, 2021

4min1670

The week kicked off with the news that Virginia legislators agreed on a compromise in order to legalize cannabis. Before everyone gets too excited, it will be some time before sales can begin. The next stop for the legislation goes to Democratic Gov. Ralph Northam, who supports legalization and then once he signs, sales won’t begin until January 1 2024. 

Alimentation Couche-Tard Inc. or ACT, the owners of Circle K has increased its equity stake in Canadian cannabis company Fire & Flower Holdings Corp.  (OTCQX: FFLWF). ACT announced that it plans to convert all of its approximately $28.5 million in debt to equity and ACT will hold almost 20% of the outstanding shares of Fire & Flower.

This week has been unusually active as cannabis companies have been on a major buying spree. Schwazze, which used to be known as Medicine Man Technologies Inc. (OTCQX: SHWZ)  closed on the asset purchase of the five Star Buds dispensaries located in Colorado that it had not already previously bought.

Greenlane Holdings, Inc. (Nasdaq: GNLN) has bought the specialty silicone smoking accessory company Eyce for an undisclosed amount. 

Terra Tech Corp. (OTCQX: TRTC) said it was buying cannabis company  UMBRLA, Inc., which was recently rebranded as Unrivaled for an undisclosed amount. 

Well-known hemp CBD company Charlotte’s Web Holdings, Inc.  (OTCQX: CWBHF) is expanding beyond its current model with a planned acquisition of privately-held Stanley Brothers USA Holdings. It’s a 5 year option to buy with the payment all in stock that values the deal at $8 million. 

In earnings:

High Tide Inc., (TSXV: HITI) (OTCQB: HITIF) reported a 118% increase in revenue to $24.9 million for the fourth quarter. $75 million in total revenue was generated by retail in fiscal year 2020

Columbia Care Inc.  (OTCQX: CCHWF)  released preliminary results saying revenue rose 228% in the fourth quarter to $76 million versus $23 million in 2019. The company’s guidance for combined revenue in 2021 is in the range of $500 million to $530 million.beganAnd finally, 

Israeli-based IM Cannabis Corp. began trading this week on the NASDAQ using the symbol “IMCC”.


Kaitlin DomangueKaitlin DomangueMarch 4, 2021
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5min480

It’s time for your Daily Hit of cannabis financial news for March 4th, 2021. 

On the Site

Columbia Care Guides Higher for 2021

Columbia Care Inc.  (OTCQX: CCHWF)  released preliminary results for the fourth quarter and full year ended December 31, 2020 and issued 2021 guidance. Actual revenue rose 228% in the fourth quarter to $76 million versus $23 million for the same time period in 2019. 

While this is a solid performance, it does miss the analyst estimates for revenue of $79 million in the fourth quarter according to Yahoo Finance. The combined results for the fourth quarter are listed as $81 million. 

 

Cannabis Companies Go On Buying Spree

This week has been unusually active as cannabis companies have been on a major buying spree.

  • Schwazze acquires Star Buds for roughly $72.3 million
  • Greenlane acquires Eyce for an undisclosed amount
  • Terra Tech buys UMBRLA, Inc., recently rebranded as Unrivaled for an undisclosed amount

 

PACT Act to Apply to All Vaping Products

Amendments to the Prevent All Cigarette Trafficking (PACT) Act may have caused cannabis to hit yet another setback. The PACT Actt has been amended to include “electronic nicotine delivery systems”, which looks inclusive to cannabis at first glance. However, it’s described as followed:

“any electronic device that, through an aerosolized solution, delivers nicotine, flavor, or any other substance to the user inhaling from the device including an e-cigarette; an e-hookah; an e-cigar; a vape pen; an advanced refillable personal vaporizer; an electronic pipe; and any component, liquid, part, or accessory of a device described without regard to whether the component, liquid, part, or accessory is sold separately from the device.”

This means that USPS can no longer deliver cannabis vape products to consumers. 

 

Delic Moves To Focus On At-Home Mushroom With Homestead Acquisition

Psychedelic media company Delic Holdings Inc. (OTCQB: DELCF) has acquired mushroom kit maker and media company Homestead brands in an all-stock deal. DELIC issued subordinate voting shares worth $50,000 and 50,000 incentive stock options were also granted to Homestead founder David Tatelman, with an exercise price of $0.58. David Tatelman will act as a consultant to the company.

 

Charlotte’s Web Moving Beyond Hemp

Well-known hemp CBD company Charlotte’s Web Holdings, Inc.  (OTCQX: CWBHF) is expanding beyond its current model with a planned acquisition of privately-held Stanley Brothers USA Holdings. Stanley Brothers is a cannabis wellness incubator currently operating in three states (Colorado, California, Florida) with expansion plans underway in eight additional states.

The acquisition though isn’t immediate. Instead, Charlotte’s Web is pursuing a five-year option plan valued at $8 million, which could be extended to seven years.

In Other News

Tryp Therapeutics Announces Application to List on OTCQB

Pharmaceutical company focused on identifying and developing clinical-stage compounds for diseases with complex and unmet medical care, announced today their application to list on the OTCQB® Venture Market OTCQB. 

 

Illinois Dispensaries See $2.88 Million in Daily Sales in February 

Illinois dispensaries sold almost $2.9 million dollars worth of cannabis last month, outpacing the record set just one month earlier. The state’s retail shops sold more than $80 dollars in adult-use cannabis last month, a slight drop from $88 million in February. 



About Us

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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