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StaffStaffApril 7, 2020
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12min880

Editors Note: This is a guest post.

When cannabis became legal in Canada for recreational use in July 2018, the path to legal weed seemed simple. When the Government of Canada appointed ex Toronto Police Chief Bill Blair to head up the legalization process is when the train came off the rails. 

Numerous delays along the legalization process started raising red flags in the budding cannabis industry. Later it became clear that the Canadian Government was not going to release its grip on the fledgling cannabis industry. The inexperienced parliamentarian’s designed complicated laws and regulations which they believed were going to allow for a smooth transition to legalized cannabis.  

Complicated Licensing and Regulations Force Boutique Growers Out

By the time the Liberals finished with the legalization process, it was almost instantly clear that the regulations encouraged large corporations to own the market. At the same time, smaller boutique growers wouldn’t be able to afford the extreme costs of licensing and meeting regulations. 

Many of the regulations designed by the Government to ensure that the medical-grade bulk CBD oil producers were providing customers with clean, quality cannabis products seemed to go by the wayside when the corporate weed companies took over. “Corporate weed,” as I like to call it, is lower quality and contains more contaminants and costs more than cannabis available from any other market, including the illegal market.

If that wasn’t enough to turn customers off the legal cannabis bandwagon, the Government also staggered the release of dry herb, edibles, and concentrate products. 

The Start of Really Bad Cannabis Products

While our Government’s incompetence was creating a market full of overpriced, low-quality cannabis products produced by corporate cronies, consumers got wise quickly. They went back to their black-market dealers who provided cheap, better quality weed. Even with a lack of product selection, consumers have made it clear that government corporate weed isn’t going to cut it. 

 Based on the poor experience, cannabis users had to accept and the fact that most consumers prefer to shop online as a matter of convenience, online dispensaries began to explode online. 

As the average person reads this article, most of you won’t be aware that people have been buying cannabis products online from BC dispensaries for over a decade. That’s a fact, and I know because I’ve been illegally purchasing cannabis from online dispensaries in British Colombia for as long as I care to remember. 

Ordering Cannabis Online is the Clear Choice 

The benefits of ordering online from BC have always been clear and haven’t changed much in a decade. British Columbia started its road to legalization many years ago. Since the beginning, growers and dispensaries in BC have been figuring out what the market wants, the quality they expect, and the price they are willing to pay. That head start allowed competition to grow and develop over time, naturally leading to better products, more product variety, and fair prices. 

Edibles and concentrates have been available online from BC for as long as I can remember. The market has matured in BC, and products have improved during that process. A healthy level of competition has stabilized the price per gram and created higher product quality demands. 

There are several reasons why I buy my cannabis products online and will continue to do so. We’ve already discussed the convenience of shopping anywhere and anytime using your phone or computer. Still, there are better reasons why I won’t change my ways. 

I Care About My Privacy

For me, privacy is a big deal! I don’t like people knowing my business, and I certainly am not interested in the American Government knowing my purchasing habits when I cross the border. Shopping at online BC dispensaries does improve your privacy over shopping at a legal government store such as the OCS store in Ontario. 

Small private dispensaries do require you to upload a photo of your driver’s license to prove that you are of age. Still, they don’t digitize your driver’s license and enter your information into a database like Government stores are doing. 

Government Stores are larger targets for hackers seeking to steal information or credit card data. At the same time, small dispensaries remain too small to justify a hacker’s time.

 Buying Cannabis Online is Easy and Secure

I like that I don’t need to go anywhere or talk to anyone when making my cannabis purchase online. I want to do my research and answer my own questions as much as possible. Still, if I do have a problem, I want fast and easy access to customer support services via email, phone, or live chat support. 

 Are you wondering how you could buy cannabis online and know that it will be a good quality product? I know it seems strange at first not being able to smell or touch the product before you buy it, but online dispensaries have this sorted out too. 

Use Cannabis Review Sites to know what you Are Buying

Most good online dispensaries, like the dispensaries listed on this cannabis review site, provide very detailed descriptions and details about all the products they stock. Excellent quality closes up images are used to show you every aspect of the bud’s character. The closer to knowing what product to buy is the honest user reviews that are collected by the customers who are purchasing the products. Any dispensary I shop at will have a lot of reviews from many users that is the only way I make my final buying decision.

Online Dispensary = Choice and Savings

Price is also a significant factor in where I purchase cannabis products. As a consumer, I’m searching for a perfect combination of quality and price when purchasing online. Having many dispensary options to choose from helps consumers by allowing price and product comparison shopping. 

If you’re looking for a common strain, you should be able to locate it at multiple dispensaries. Having that particular strain available at numerous dispensaries offers the consumer more opportunity to select the quality/price option they want.

Generally, online dispensaries have a more extensive customer base than traditional brick and mortar shops. Having a more extensive customer base allows online dispensaries to purchase their product in larger discounted volumes. Those savings are passed on to the customer to ensure that the store is competitive and busy.  

 How to be safe when buying weed online in Canada?

Buying online cannabis has been a fantastic option for me. Still, when I first considered purchasing online, I was understandably nervous just like you are right now. A bunch of worrisome thoughts popped into my head. Is this dispensary legit, will the product be as advertised, will the package be confiscated by Canada Post or worse would the police come knocking on my door?

Well, I can assure you everything worked out, time and time again. I have run into the odd minor issue when trying out a new dispensary, mostly problems with receiving the wrong product or the product not being exactly as advertised. Not once has a package gone missing, or a police officer showed up to arrest me. 

Today you have no reason to feel anxiety over ordering online. The legal status of cannabis has changed in Canada and the rules that govern the way Canada Post screens in-country packages. It’s legal to send marijuana through the mail and against our constitutional rights for privacy. 

In 2020, the online dispensary market has matured and become the leading access point for legal cannabis products. Having better prices and more selection than local legal dispensaries or online government options such as the OCS store continues to drive cannabis users online. 

The Only Real Options for Accessing Cannabis are Online or Black-market

Black-market cannabis remains the most significant section of the cannabis market and is showing little sign of change anytime soon. Calling your local “guy” is easy and fast and, most of all, the cheapest option, which is what the average cannabis user is looking to access. In time cannabis users will be forced to look to the online marketplace if they are interested in edibles, concentrates, top-shelf quality, and variety. 

 

 

 


StaffStaffApril 7, 2020
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19min820

Republished with permission from American Marijuana. Written by Dwight K. Blake. 

As of March 24, 2020, the coronavirus disease had swept through over 195 countries with over 260,000 confirmed cases worldwide. This caused a panic that led people to stock up on foods, toiletries, and other basic needs.

But how did it affect marijuana consumers? Let’s take a look at the survey presented below.

Compared with Marijuana, Which One Is More Important Amid The COVID-19 Pandemic?

weed vs other

Major takeaways:

  1. Across the board, the U.S. marijuana consumers would prefer food, face masks, hand sanitizers, and toilet paper over marijuana if they had to choose between marijuana and these.
  2. Among these necessary items for the COVID-19 pandemic, a surprising 28% of the 990 participants would rather value marijuana above face masks.
  3. It’s obvious how 83% of the participants would rather choose toilet paper over marijuana but it’s a shocker to see that 5% of the same participants value marijuana above food during these times.

Number of Consumers Who Stocked Up on Marijuana Amidst The COVID-19 Pandemic

Major takeaways:

  1. 49% of participants DID stock marijuana products during the coronavirus pandemic outbreak while 51% DID NOT stock marijuana products.

Reason Why The U.S Marijuana Consumers Stocked Up On Marijuana Amidst the COVID-19 Outbreak

why stocked up weed

Major takeaways:

  1. 55% of those stocking pot said they did so to calm themselves during the coronavirus outbreak. Meanwhile, 22% of them didn’t even care but just wanted to stock up on some marijuana to chill at home.
  2. The other 23% stocked up on marijuana because of the fear of both the pandemic and marijuana product shortage.

Reason Why The U.S Marijuana Consumers DID NOT Stock Up On Marijuana Products Amidst the COVID-19 Pandemic

why did not stock up weed

Major takeaways:

  1. 36% of participants didn’t stock up on marijuana products because they didn’t worry at all about the marijuana product shortage while 35% of survey takers valued toilet papers, face masks, and hand sanitisers over marijuana products.
  2. The remaining 29% didn’t stock up on marijuana products as they didn’t feel the need to stock consumer goods at all.

If the U.S Government Imposes Nationwide Quarantine, Which Among the Following Activities Would you Rather Do?

If the U.S Government Imposes Nationwide Quarantine like Italy, Which Among the Following Activities Would you Rather Do?

Major takeaways:

  1. 28% of the 990 participants would rather binge-watch TV shows should the U.S. government impose a national quarantine, making it the most-preferred activity during self-quarantine.
  2. The least preferred activity is to do indoor exercise/sport activities, taking up only 13% of the 990 participants.
  3. 17% of them would just rather smoke weed during self-quarantine than doing any of the presented activities. This is even higher than the percentages of those choosing to surf the internet (15%), and to do indoor exercise/sports (13%).

Number of Consumers that Used/Consumed More Marijuana Products since the COVID-19 Outbreak

use weed more

Major takeaways:

  1. 34% of participants have consumed more marijuana products since the COVID-19 outbreak while the remaining 66% haven’t.

How Do U.S Marijuana Consumers Feel towards the COVID-19 Pandemic?

How Do U.S Marijuana Consumers Feel towards The COVID-19 pandemic?

Major takeaways:

  1. 54% of the 990 U.S. marijuana product consumers feel calm about the global coronavirus pandemic thinking everything will be alright while 40% are worried sick.
  2. Only 55 (6%) of the 990 participants don’t really care about the COVID-19 pandemic at all.

Methodology and Limitations

To collect the data shown above, we surveyed 990 respondents who are U.S marijuana consumers. A qualifying question was included to make sure the participants are truly weed consumers. An attention-checker question was also added to ensure the participants did not mindlessly answer questions.

Because the survey relies on self-reporting, issues such as telescoping and exaggeration can influence responses. Please also note that this survey’s results do not reflect our opinions.

Fair Use Statement

If you know someone who could benefit from our findings, feel free to share this project with them. The graphics and content are available for non-commercial reuse. All we ask is that you link back to this page so that readers get all the necessary information and our contributors receive proper credit.


Debra BorchardtDebra BorchardtApril 7, 2020
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4min560

NewLeaf Brands Inc. (CSE: NLB) (OTC: NLBIF) has signed a letter of intent to purchase Colorado-based  Mydecine Group in an all-stock deal valued at $850,000.  Mydecine is a vertically integrated company engaged to utilize the vast medicinal, health and wellness capabilities of the many compounds found in various strains of mushroom and fungi as a whole.

“We’ve been watching and closely monitoring the progress of the mycology space for some time now. Given that we are located in the home state to first decriminalize psilocybin in the U.S., the Company has had a unique opportunity to get a jump on the potential industry as a whole,” said Joshua Bartch CEO of NewLeaf Brands in a statement. “So far, Denver and Oakland have decriminalized psilocybin, while Oregon has a measure to legalize the substance as soon as this year! We share a common vision of Mydecine in the sense of seeing the vast potential of mycology as a whole, not just the compound psilocybin. Numerous other compounds found in fully legal fungi are very exciting and hold the potential to make truly revolutionary discoveries, IP and products.  We see this as an incredibly early opportunity with enormous potential upside.”

Mydecine has three wholly-owned divisions, “Mydecine Farms”, “Mydecine Wellness”, and “Psydecine Labs.” The company aims to be an industry pioneer in the cultivation, processing, product development, and research and development of the many beneficial and exciting compounds that are found in various strains of mushroom and fungi from all around the world.

The company noted in a statement that numerous compounds found in various strains of mushroom and fungi are already being used to develop treatments for health conditions such as depression, PTSD and opiate addiction. Meanwhile, in 2019, the National Alliance on Mental Illness had stated that 1 in 6 youths aged 6-17 in the U.S. experience a mental health disorder each year and 1 in 25 U.S. adults experience a serious mental illness each year.

NewLeaf Brands is a CBD lifestyle Company. It owns the subsidiaries We are Kured, LLC, Drink Fresh Water, LLC, ReLyfe Brand, LLC and TeaLief Brand, LLC. The company’s main business activities encompass the development, marketing, and distribution of CBD products (including vaporizer pens/cartridges, hot/cold tea, softgel capsules and beverages) throughout North AmericaSouth America, and Europe. In addition, NewLeaf Brands, Inc. has extensive retail and cultivation land investments in Oregon, USA.

The NewLeaf stock trades at seven cents per share and the company has a market cap of roughly $2 million.

 

 


StaffStaffApril 7, 2020
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10min970

Editors Note: This is a guest post.

If you are a student, you might have the idea that there is a strong relationship between marijuana and learning. In fact, the trend of using marijuana has become common among college, high school and university students. It is to be noticed that some of them use it for recreational purposes, and there are many students who depend on it for their survival meaning they become an addict and claim that they cannot live without using marijuana or cannabis. In such a situation, the product does not benefit them and instead starts ruining their health and the entire life.  If you want to know how marijuana or cannabis can impact college or academic life, this is the right kind of post for you.

Memory

It’s safe to say that a lot of studies have been conducted and research has been done on the biological effects of marijuana. Scientists or doctors all over the world are interested in knowing everything about the impact of cannabis on memory. Some of these studies have been published and have been shared with the world, and some types of researches are still being done to ensure that the world’s people are provided with accurate and useful information. The one thing that we have concluded from all of those studies is that the overuse of marijuana or cannabis is not good for human health, especially for the nervous system.

In 2016, an article was published in a famous journal. The name of the article is Biological Psychiatry. According to it, the memory of a person especially a student can be impacted due to the overuse or excessive use of cannabis. In addition, so many studies from the past two decades have continued to say the same thing. The basic problem is that students who show poor performance develop depression, stress and anxiety, and in order to deal with the psychological or mental problems, they begin using cannabis in excess, and this ruins their memory or leads them to face so many consequences.

Attention

If you pay someone to write a research paper, you will want them to focus on what you have ordered. For instance, if you want to get the work in two to four hours, you will definitely be curious to know how they are conducting the research and how and when the writing process will be started. You may also want to know whether the quality is being ensured and the given sources are being used or not.

The same idea is applicable to your student or academic life. If you do not pay attention to your studies, it will never be possible for you to get the desired results. Impaired attention has long been considered a hallmark of different intoxicating effects of marijuana. An article was recently published on the same theme. According to some experts, students who keep using cannabis for long are likely to lose their memories and may not be able to concentrate on their lectures while in the class. At the same time, they start losing their interest in day to day activities. For example, when you become an addict of this product, you may not be able to pay attention to what your parents are saying while at home and what the teacher is trying to explain during the lecture.

Verbal Learning

The same article (meaning Biological Psychiatry) keeps on saying that the ability of students to learn different things verbally becomes weak due to the excessive or overuse of marijuana. This makes us question is there a strong relationship between marijuana and college students; well, there is certainly a big relationship because many college students cannot live with this product. They do not have the idea that the overuse of it can slow down their verbal learning process. What is verbal learning? In its simplest form, verbal learning is the process of learning a lesson verbally.

Let us quote the article titled Biological Psychiatry one more time to prove that delays in verbal learning can be observed if students keep using cannabis for long. For example, if you have been using this product for five weeks or more, then the chance is that you will increase your dependence on it. Maybe, you are able to learn things verbally right now without any major problem, but in the long run, you will observe a significant number of delays. In addition, there are so many chronic and acute effects of cannabis on the health of a student, so this can be regarded as the product that you need to stay away from while you are struggling with your studies or want to get really good marks.

Inhibition

A team of specialists at EssayWritingService conducted a lot of studies on the same thing. For many years, they tried to know how cannabis could impact the overall health and wellbeing of the student. Well, the one thing that we need to pay attention to is that their inhibition gets greatly impacted. If you want to know what inhibition is, let us tell you that inhibition is the process in which enzyme inhibitors bind to specific enzymes and they aim to decrease the activities of those enzymes. In simple words, we can say that enzymes that perform different functions in the human body become inactive for an uncertain period of time.

Imagine the time when marijuana college students begin skipping classes; we know that you wouldn’t want to become one of those students. So, the problem is that your enzymes need to work appropriately and it is you who is going to let them do so by reducing your dependence on marijuana or another similar product. If you use cannabis and drink alcohol, then your body will not be able to perform its functions and the chance is that most of the enzymes in your body will get permanently damaged.

Psychomotor Function

A significant number of students get writing help from professional companies like https://essaykitchen.net/; this is not because they are unable to write their essays. It is because they want to spend more and more time with their friends and may sit together to use marijuana for hours. Such people basically have weak psychomotor functions.

We all need to remember that marijuana and college are interlinked or are closely linked to one another. In terms of psychomotor functioning, students lose their critical thinking abilities and this leads them to face various problems in their academic life.

The only solution to these problems is that we should stop using cannabis. Whether you like this statement or not, but we all need to admit that it is a type of drug that is not good for human health. It is okay to use it for recreational purposes. It is also okay to use it once a while, but when you begin depending on it every single day, the chance is that you will become an addict.

Author: Ben Hadfield

About the author:

Ben Hadfield is an english copywriter and editor. Ben creates high-quality content that will have an impact on enhancing the public relations, employee, dealer communications that are used internally and globally. He creates all in compliance with the law and appropriate legislation or regulations (e.g. copyright and data protection). Ben creates and publishes engaging and creative content for Essaywritingservice.ca and adapted to multiple platforms and tools (e.g. digital, newsletter, magazine, reports, presentations, speeches).


StaffStaffApril 6, 2020
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5min1300

It’s time for your Daily Hit of cannabis financial news for April 6, 2020.

On The Site

GW Pharmaceutical

The U.S. Drug Enforcement Administration (DEA) confirmed that the GW Pharmaceuticals plc (Nasdaq: GWPH) cannabidiol drug Epidiolex is no longer subject to the Controlled Substances Act (CSA). The DEA’s letter means that all federal controlled-substance restrictions have been removed for Epidiolex. This change takes effect immediately.

The stock was rising over 3% to lately trade at $85.06 on the news. This further lifts the stock from its 52-week low of $67.98.

Following FDA approval, Epidiolex was initially placed in Schedule V of the CSA. Following receipt of this DEA notification, GW has filed a post-approval supplement with FDA to remove Schedule V designation from Epidiolex.

The company said in a statement that once this process is completed in each state, prescriptions for Epidiolex, like other non-controlled medicines, will be valid for one year and can be easily transferred between pharmacies. The descheduling of Epidiolex also enables physicians to prescribe this breakthrough medicine free of the requirements of state prescription drug monitoring programs.

Ontario

Canada had originally allowed all cannabis dispensaries to remain open during the COVID19 pandemic. Over this past weekend, stores in Ontario were forced to close when that province reversed course and ordered the stores to close.

The list of essential businesses was updated on Friday, April 3 and dispensaries got the bad news that they were no longer considered essential services. The stores were allowed to remain open on Saturday, but that was it for customers.

Delivery

So many things have been turned upside down with this pandemic, and saying we live in interesting times would be an understatement. Industries and businesses are being demolished and altered in ways unheard of just a month ago, and a rare few are actually booming.

For the cannabis industry, one of the biggest changes leading to a boom is that as a whole cannabis is now being considered an “essential” part of life nationwide. The level of legitimacy this brings to the industry would have normally taken another decade.

Delivery services and curb side pick-up have been implemented across the country also erasing years of necessary effort overnight. But overall, the complete change in cannabis consumer behavior has been one of the most interesting developments to witness for many of us.

In Other News

Green Thumb Industries Inc.  (CSE: GTII) (OTCQX: GTBIF) announced that Armen Yemenidjian has stepped down from his role as President in order to spend more time with his family in Nevada. Yemenidjian will continue to work with the Company for the next six months to ensure a smooth transition, particularly focusing on Green Thumb’s business in Nevada and California.

CV Sciences, Inc. (OTCQB:CVSI)  announced that on April 3, 2020, the Company learned that it will be receiving a Notice of Allowance from the U.S. Patent and Trademark Office (USPTO) for the Company’s patent application 15/426,617. The patent covers methods of treating smokeless tobacco addiction by administering pharmaceutical formulations containing CBD and nicotine. The communications between the USPTO and the Company conclude substantive examination of the patent application, which is now expected to issue as a patent once the issue fees are paid and the USPTO concludes their administrative procedures.  CV Sciences has also filed corresponding patent applications that will allow the Company to seek similar patent protection in other key markets throughout the world.

Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) has completed its acquisition of three Arrow Alternative Care dispensaries in Connecticut. Strategically placed in key metro areas, AAC has established itself as a market leader in Connecticut, operating three out of the 18 total dispensaries in the state. AAC’s first store opened in Hartford in 2016, the second in Milford in 2017 and the Stamford store opened to customers in January 2020.

 

 

 


Debra BorchardtDebra BorchardtApril 6, 2020
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3min15570

The U.S. Drug Enforcement Administration (DEA) confirmed that the GW Pharmaceuticals plc (Nasdaq: GWPH) cannabidiol drug Epidiolex is no longer subject to the Controlled Substances Act (CSA). The DEA’s letter means that all federal controlled-substance restrictions have been removed for Epidiolex. This change takes effect immediately.

The stock was rising over 3% to lately trade at $85.06 on the news. This further lifts the stock from its 52-week low of $67.98.

“This notification from DEA fully establishes that Epidiolex, the only CBD medicine approved by FDA, is no longer a controlled substance under the federal Controlled Substances Act,” said Justin Gover, GW’s Chief Executive Officer.  “We would like to thank DEA for confirming the non-controlled status of this medicine. Importantly, the descheduling of EPIDIOLEX has the potential to further ease patient access to this important therapy for patients living with Lennox-Gastaut Syndrome and Dravet syndrome, two of the most debilitating forms of epilepsy.”

In 2018, the FDA approved Epidiolex for the treatment of seizures associated with Lennox-Gastaut Syndrome (LGS) or Dravet syndrome in patients two years of age or older. It is the first prescription pharmaceutical formulation of highly purified, plant-derived cannabidiol (CBD), and the first in a new category of anti-epileptic drugs. At the time, the approval was groundbreaking as the DEA has classified cannabis as a schedule 1 drug meaning there was medicinal purpose for the substance. By approving the drug as a medicine, it turned this argument upside down. Today’s news further refutes the claim that cannabis should remain a schedule 1 drug.

Following FDA approval, Epidiolex was initially placed in Schedule V of the CSA. Following receipt of this DEA notification, GW has filed a post-approval supplement with FDA to remove Schedule V designation from Epidiolex.

The company said in a statement that once this process is completed in each state, prescriptions for Epidiolex, like other non-controlled medicines, will be valid for one year and can be easily transferred between pharmacies. The descheduling of Epidiolex also enables physicians to prescribe this breakthrough medicine free of the requirements of state prescription drug monitoring programs.

The medicine is marketed in the United States by Greenwich Biosciences, the U.S. subsidiary of GW Pharmaceuticals plc. The company said it will now begin the process of implementing these changes at the state level and through the EPIDIOLEX distribution network.


StaffStaffApril 6, 2020
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8min3470

Editors Note: This is a guest post by Jonathan Davies of Beeco.

They are both natural plant fibers. Yet, in this article, we will see that natural doesn’t always mean eco-friendly!

On one hand, we have cotton, the king of the fashion industry. But does being the most used fiber for clothing worldwide make it the best option?

Hemp, on the other hand, doesn’t know the same popularity. But again, does that lack of use make it a bad clothing alternative? By the way, if you still see hemp as rough, stiff fabric, let these hemp hats convince you of the opposite!

In the current economy, we all know popularity doesn’t always mean the best. Low production costs, low retail prices, and good marketing are often the main ingredients of success.

But let’s take popularity out of the equation and compare both fabrics for their inherent qualities.

Actually, let’s add a third contender in that competition: organic cotton.

Which of the three fabrics is the best for the environment?

You may already have an idea of the answer, but read until the end… you will see that as it’s often the case, eco-friendly goes hand in hand with quality!

Cotton, does it deserve the throne?

Cotton has been used to make clothes for more than 7000 years. Useless to say that it’s here to stay!

It’s understandable….

Cotton is natural, biodegradable and makes a great clothing fabric as it is soft, breathable and lightweight.

However, the king of the clothing fabrics has a huge environmental issue at the growing level.

Firstly, the amount of water required to grow the cotton plant is tremendous when compared to the amount of usable cotton produced by the plant.

In fact, it takes around 2700 liters of water to grow enough cotton to make one simple t-shirt

Then, while the manufacturing process of the cotton fabric itself doesn’t require intensive use of chemicals, it doesn’t mean those are out of the picture. Actually, chemical dyes are often used for regular cotton.

Finally, the fabric is a victim of its success.

Being the most common clothing fabric worldwide, demand is huge and cotton producers often have to rely on chemical fertilizers and pesticides to grow cotton faster in order to meet that demand.

And where do most of these fertilizers and chemicals end up? In rivers…

Considering that India is the largest producer of cotton in the world, and that the country is facing a crisis in terms of availability and quality of drinkable water, cotton fabric isn’t only creating environmental issues, but ethical concerns as well!

What about organic cotton?

Organic cotton has been created as an eco-friendly alternative to traditional cotton.

The difference?

Organic cotton producers fix the environmental issues at both the growing and manufacturing steps.

This means organic cotton is grown from non-GMO seeds and without the use of fertilizers. When it comes to pest control, insects are used instead of harmful pesticides.

Also, way less irrigation is required as a clever soil rotation system is used by the farmers in order to maintain soil fertility. In terms of numbers, this system needs around 85% less water than the traditional growing way.

Then, the bad chemicals used during the traditional cotton’s manufacturing process are replaced by environmentally-friendly alternatives such as water-based dyes.

Organic cotton also generally offers a much better textile quality than traditional cotton. The crops are not only healthier, but they are also harvested by hand, which preserves the softness of cotton much better than when harvested by machines (like it’s the case with traditional cotton).

Why don’t we replace traditional cotton with organic cotton then?

Organic cotton takes more time than traditional cotton to grow, to harvest and to manufacture. Which means that the demand for cotton couldn’t possibly be met with organic cotton.

Plus what makes traditional cotton so attractive is its low price, and organic cotton being more complex, it is also more expensive.

Hemp, marijuana’s cousin

Here comes the last contender, and let’s cut to the chase, it is our clear winner here!

Actually, hemp is considered one of the most eco-friendly clothing fabrics you can get.

And maybe this is the fabric that should be king.

Why?

As we stated in the title, hemp comes from the cannabis Sativa plant. Yes, the same plant that is used to produce marijuana and hashish. Yet, the psychoactive effects of the plant are not the reason behind that coronation. (In fact, industrial hemp has a really low concentration of THC).

Hemp is actually one of the fastest-growing plants in the world as it takes only 3 to 4 months to reach maturity. And a single hemp plant yields 220% more fiber than a cotton plant!

Moreover, it needs very little water to grow and it is naturally pest resistant. And the best? Hemp’s roots are actually beneficial to the soil as they protect it from toxins and erosion.

In three words: hemp is strong!

And your clothes will be stronger as well. Plus, that fabric is perfect for hot climates as it is very breathable and has great antibacterial properties.

So hemp grows fast, without the need for much water or chemicals and it provides much more fiber than cotton… all that while being beneficial to the soil…

Then why isn’t hemp everywhere?

We like to believe that hemp will rule the fashion industry soon. In reality, hemp’s popularity is growing as more and more brands are including the fabric in their collections.

The fabric suffered from a few drawbacks and that’s mostly the reason for its delayed popularity.

Indeed, it’s only in the 1980s that experts managed to manufacture a hemp fabric soft enough to be an alternative to cotton.

Then most people don’t differentiate industrial hemp to marijuana as a drug, and the fabric suffered from this reputation. For example, it’s only up to recently that the ban on hemp farming has been lifted in the US.

Hemp is also currently more expensive to produce than both traditional cotton and organic cotton, which doesn’t help.


Debra BorchardtDebra BorchardtApril 6, 2020
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3min1110

Canada had originally allowed all cannabis dispensaries to remain open during the COVID19 pandemic. Over this past weekend, stores in Ontario were forced to close when that province reversed course and ordered the stores to close.

The list of essential businesses was updated on Friday, April 3 and dispensaries got the bad news that they were no longer considered essential services. The stores were allowed to remain open on Saturday, but that was it for customers.

Canopy Growth

Canopy Growth (NYSE:CGC) told BNN Bloomberg that it has begun a set of temporary job cuts. The company said on Friday that it has laid off roughly 200 staff members at its retail outlets. The company did note that it hopes to reopen some of the company-owned stores in Canada.

Canopy Growth closed 23 company-owned dispensaries located in the provinces of Manitoba, Saskatchewan, and Newfoundland and Labrador. The company has also closed its visitors’ center at its Ontario headquarters building.

High Tide

High Tide Inc. (CSE:HITI) (OTCQB:HITIF) also closed stores on Saturday at midnight as a result of the Ontario order. The stores will close for a 14-day period and all retail staff at the Ontario Stores have been temporarily laid-off as the company awaits further updates from the Province.

“To mitigate the economic headwinds being caused by the COVID-19 pandemic, we are optimizing staffing levels across the organization, working with landlords to abate or defer rent, minimizing operating expenses and delaying capital expenditures wherever possible,” said Raj Grover, President & Chief Executive Officer. “Despite the temporary forced closures in Ontario, our 27 other retail cannabis stores across Alberta and Saskatchewan remain open for the time being, while Grasscity.com has recently experienced a doubling of its average weekly sales as people around the world are increasingly shopping online from the safety of their homes for their smoking accessories and cannabis lifestyle products,” added Mr. Grover.

 


StaffStaffApril 6, 2020
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8min1110

For Rick Batenburg III, a venture capitalist’s primary purpose is being a centralized ignition point to connect ideas, people and resources. Creating something tangible and meaningful out of nothing is the best way he knows how to contribute to society.

Through his venture fund, Cliintel Capital Management Group, Batenburg has acquired, built and grown cannabis companies across the supply chain, preparing for ubiquitous legalization across the globe starting in the epicenter of the cannabis universe, Colorado. Batenburg’s path to VC started with the early influence of his father, Richard Batenburg Jr., a cable industry executive and angel investor.

After Rick finished high school, he spent nearly four years playing Junior Hockey in Canada, followed by Business School at Nichols College in Massachusetts. He cut his teeth at Merrill Lynch in its Private Wealth division. His early work with his father in private deals, then again with Merrill Lynch, is where he developed a taste for venture capital and began looking for an entry point outside of the constraints of a large firm.

The list of companies that Batenburg has funded, founded, or bought include: 5156 Systems; Bonsai Cultivation; Breckenridge Vipers Hockey; Clear Cannabis Inc.; The Clear; The Clear CBD; Cannabis Industry Institute; Hinton Promotions; Infinity Star Ventures; Infinity Closet; IMM Media; Intigo3D; Subtle Escape; Subtle Relief; and Vita-Meds.

Executive Spotlight: Richard Michael Batenburg III

Title: Chief Investment Officer and Founding Partner

Company: Cliintel Capital Management Group, LLC 

Years at current company: 5

Education profile: Graduated from Nichols College (Massachusetts) with a degree in Business Finance and Management

Most successful professional accomplishment before cannabis: I went to Merrill Lynch directly out of college. There I raised and managed $170 million in assets and took care of the syndicate “buys” for IPOs and secondary issues. In this role, I developed a specialty in bringing private equity alternatives to my portfolio.

Company Mission: Cliintel Capital Management Group (CCMG) is a venture firm focused on emerging markets, specifically cannabis. Our mission is broad: Acquire and build brands that will become the market leaders of the emerging international cannabis market. We will accomplish this by targeting acquisitions and partnerships with purpose; we are emotionally and financially invested in the success of our partners.

Company’s most successful achievement: CCMG became the first Qualified Institutional Investment capital firm in Colorado to own THC licensed facilities through a unique cannabis, blind pool venture fund. This led us to successfully acquire one of the most prolific brands in cannabis, The Clear line of concentrate products.

Has the company raised any capital (yes or no): Yes.

Any plans on raising capital in the future?: Yes, we are always raising money to put into projects. Cannabis is a recession-proof investment, which means we can never stop looking for opportunities.

Most important company 5-year goal: Building household cannabis brands that consumers can create strong emotional connections with. We are set up to accomplish this by tirelessly searching for innovative new brands and products that have the potential to become widely recognized in North America and beyond. At the Infused Products Conference in Denver, Colorado, we will be holding an innovative pitch competition where entrepreneurs will be pitching us their most inspired cannabis product ideas. We will invest in the winner’s company and also provide them with the resources to bring their product to a national level.


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11min6820

So many things have been turned upside down with this pandemic, and saying we live in interesting times would be an understatement. Industries and businesses are being demolished and altered in ways unheard of just a month ago, and a rare few are actually booming. 

For the cannabis industry, one of the biggest changes leading to a boom is that as a whole cannabis is now being considered an “essential” part of life nationwide. The level of legitimacy this brings to the industry would have normally taken another decade. 

Delivery services and curb side pick-up have been implemented across the country also erasing years of necessary effort overnight. But overall, the complete change in cannabis consumer behavior has been one of the most interesting developments to witness for many of us.

As reported by Vice, politics and current events are major sources of anxiety for many in the United States and this leads to an increase of unhealthy behaviors like drinking alcohol, smoking, or eating poorly to cope with what is termed as “headlines distress disorder”.

In times of great stress, the sale of alcoholic beverages has proven to surge without fail. With legal cannabis now implemented around the country, the same is now proving to be true. According to Headset, during this current Coronavirus crisis, US adult use cannabis markets show average daily sales at large increase by 10%.

Sue Bachorski, formerly with Constellation Brands for 30 years and currently with the House of Saka, explained that “historically, alcohol sales frequently rise during times of economic downturn, regional disasters, etc. There is no reason to believe that cannabis sales would be any different and there will likely be a prolonged upswing for the foreseeable future.”

The Numbers Say It All

As of April 2, 2020, Headset released data that shows how the landscape of preferred cannabis products and consumption methods has proven to alter completely.  In the analysis, Headset compares the average daily sales of each product category before the COVID-19 sales bump began (January 1st through March 6th) to the COVID-19 crisis time period (March 7th through March 31st).

Cannabis infused beverage sales have increased by 14% while edibles accounted for a 28% increase. With infused beverages previously only accounting for 1% of the market, this is a big jump for the category. The reasoning for this change in consumer sales makes sense considering the virus attacks your respiratory system, so people would rather eat or drink their cannabis instead of smoking or vaping it. Pre-rolls and topicals have actually fallen by 13%.

I reached out to some key players in these categories to find out why they feel these increases have occurred. Warren Bobrow, co-founder of cannabis infused beverage brand Klaus Apothicaire and a Vices writer for Forbes, told Green Market Report that he felt that “while being quarantined in our homes, it makes perfect sense to further expand our inner space with high quality cannabis beverages and edibles. Smokable products could prove tricky with this particular virus.”

Ben Larson, CEO of Vertosa, said that “in these uncertain and challenging times, it’s an encouraging silver lining to see cannabis consumers increasingly seeking out infused beverages. There are likely several factors affecting the recent rise in sales, but an important takeaway is that infused beverages are typically designed for individual consumption and can be consumed discreetly, which is ideal during social distancing. They are also an approachable, familiar way to consume cannabis for less experienced users and those looking to avoid smoking during this time.”

The Women Stepped Up Their Spending

Beyond the types of products surging, the Headset data showed that even gender sales show a change in behavior during this crisis. While both genders saw significant increases in cannabis spending, females had more than double the sales growth of males. As Headset previously reported, males make up roughly two thirds of cannabis spending on any given day. Therefore, it could be speculated that females were less likely to have cannabis products on hand and more likely to feel a sense of urgency to stock up.

Tracey Mason, CEO of House of Saka, explains that she believes females could be a major driver in these increased category surges because “there is a triangulation of needs that beverages and edibles meet specifically for the female consumer: They offer precise dosing which provides a safe and controlled means by which to experiment, they offer a subtle means of consumption which removes the stigma associated with smoking and vaping and they are multi-use which drives sociability and expands usage occasions. Safe, Subtle and Social, those are the benefits of infused beverages in a nutshell.”

It remains to be seen as to whether these changes will become market altering over the long term, or if it was truly just a panic surge with no real impact. But as far as the change in gender sales, if this pattern continues, brands will need to evolve their marketing campaigns to appeal more to women.  

“Women are often seeking a healthier alternative to alcohol, but want an elevated social experience. To do this with cannabis is ideal. In addition, women want a product that has relatable packaging, tastes amazing, and feels safe. This tends to be achieved with an edible or an infused beverage, so I am not surprised that when their sales surged during the panic buys, they gravitated toward these products. The cannabis consumable sector has come a long way. The existing products have nailed the experience for the female consumer, so this demographic will continue to grow in the coming years,” says founder & president of Viv & Oak, Alana Burstein.
Will It Last?
If the patterns remain the same for edibles and beverages for the duration of the pandemic’s hold on our behavior, which could affect our lives for up to 18 months, it is safe to say that habits may have altered indefinitely with far reaching consequences for the foreseeable future. 

Understandably, edible and beverage brands are predicting continued growth. “We’ve seen exponential growth in our edibles sales at Garden Society and expect that as these shelter in place orders remain in place, we will continue to see growth. We believe this will have an impact on the overall market and consumer trends over the next year,” said Karli Warner, co-founder of The Garden Society

Geoff Doran, founder and CEO of Van Doran Brands, stated that “right now we are watching this trend very closely as edible and infused beverage companies. We aren’t too surprised that there is a current spike with these categories. We think the current spike has a lot to do with the “newbies” that are bored at home and giving cannabis a shot because of easy access they have through delivery, and quite frankly because they have nothing else to do with their days. A lot of the new cannabis buyers tend to gravitate toward a method of consumption that is familiar to them, which is obviously through eating and drinking. We’re excited about this spike because we know people will realize that edibles and cannabis beverages are a great cannabis experience!”



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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