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StaffStaffMay 7, 2021
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7min1880

Editors Note: This is a guest post.

Some people like to smoke cannabis, others like to eat it—and some like to vaporize it! As places around the world continue to legalize cannabis, businesses are realizing the opportunities to be had in this growing market. 

Each year, consumers look forward to innovations in technology. When it comes to cannabis vapes, the market is booming with new devices and tweaks to existing products. Entrepreneurs don’t want to miss the opportunity to create the next best vape.

Cannabis vape tech is taking off globally, and here are 3 reasons why:

Demand is Increasing

During the pandemic, many consumers have reported that their medical use of cannabis for mental health reasons has increased. In addition, more and more states are legalizing the medical and recreational use of cannabis. To meet the rising demand, and to accommodate new consumers, vaping technology is advancing rapidly.

Whether consumers prefer to use dry flower or oil in their vapes, there’s a device on the market designed to meet their needs. Pods, pens, and box mods—you name it, there’s a cannabis vape for it. Now that demand is increasing for cannabis vapes, new products are being designed to accommodate it.

To gain a competitive edge in the market, there are new vaporizers coming out. Some utilize technology for a more user-friendly experience, like disposable or pre-filled vapes. Others focus on sustainability to appeal to eco-conscious consumers. Features like longer battery life, self-cleaning, and shatter-resistant casing will set cannabis vapes apart in a saturated market.

Producers are always racing to meet the needs of the market, and in 2021, the market is full of opportunities for innovative vape devices. Given how recently cannabis was legalized in many states and countries, there’s plenty of room for growth—the question is, who will capitalize on it first?

Fewer Consumers are Smoking

Given the global outbreak of respiratory illness, more consumers are moving away from smoking and gravitating towards vapes. When cannabis is vaporized, it’s consumed at a lower temperature than when it’s smoked. If cannabis is smoked, it will cause combustion, which can produce harmful byproducts. The consumer is not exposed to these chemicals when cannabis is vaporized.

As public awareness about the respiratory issues associated with smoking increases, vaping is on the rise. Not only does vaping cannabis help consumers give up smoking, but the devices are more discreet and easy to use.

Someone who’s transitioning from smoking to vaping may be unsure of where to begin. There are different vapes to start with for new users, designed for ease of use. These include pens, pods, and disposable vapes. As more and more consumers switch to vaping, we expect to see user-friendly devices become increasingly popular.

There has never been a better time to quit smoking than right now, when COVID-19 is still making waves around the globe. The fate of the cannabis market seemed uncertain at the beginning, but now the trend is clear: vaping cannabis is on the rise.

Vape Tech Producers are Partnering with Cannabis Cultivators

There’s one main barrier to producing new vape technology: state regulations. With the implementation of PMTA (Premarket Tobacco Application) looming over the tobacco vaping industry, some worry that cannabis vapes will be the next target.

To counteract these issues, companies are moving away from producing cannabis and devices. Instead, they are only producing vapes and relying on partnerships with popular cannabis cultivation companies. Businesses can specialize in creating cannabis tech without being held up by the licenses and regulations associated with cultivation. 

By partnering with cannabis producers, vape manufacturers can place their sole focus on improving their products. They don’t need to worry about obtaining licenses if they partner with companies that already have them; instead, they can work on releasing the next innovative vape.

When businesses focus their resources exclusively on advancing the technology of vaporizers, advancements can be made that will transform the vaping industry.

 

Cannabis vape producers are trying to match the fast pace of the market in 2021. In recent years, there’s been an influx of cannabis consumers interested in vaping, and the pandemic has only accelerated that trend. 

We anticipate that as the demand for cannabis vaporizers increases, the technology will develop rapidly to appeal to new and seasoned vapers alike.

 


StaffStaffApril 29, 2021
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9min3050

Unlike cigarettes, vapes do not burn. E-cigarettes were designed to help those addicted to smoking since it is associated with several health hazards. Vaping involves turning flavored liquid into vapor that you inhale. However, it is important to avoid vaping nicotine because of its undesirable health effects. Here are some of the major reasons you should vape without nicotine:

Nicotine-Free Vape is Not Addictive

Vaping nicotine is as addictive as smoking regular cigarettes. Most e-cigarette users take in more nicotine than regular cigarettes because they can buy high-strength vape juice. 

People who use nicotine vape juice regularly and stop suddenly experience withdrawal symptoms such as anxiety, depression, craving, difficulty concentrating, and some sense of emptiness. All these withdrawal symptoms make it very difficult to stop vaping nicotine e-liquid. 

Studies show that nicotine is one of the hardest substances to quit. However, reducing the level of nicotine in your vape juice can lower your addiction. But people go an extra mile into getting special cartridges to ensure that they consume a good quantity of nicotine from the products. Some also raise the e-cigarette voltage to increase the level of nicotine. 

Nicotine releases dopamine in the brain. The chemical triggers your brain to repeat one thing, which is commonly known as reinforcement. Your brain experiences a dopamine hit every time you vape nicotine. People vaping nicotine get a higher dopamine hit than smokers. This repetitive behavior leads the user into a vicious cycle of addiction.

Image Source: Pixabay.com

Nicotine can Damage Your Lungs

Nicotine covers your lungs and can cause an inflammatory response. It also affects the lung tissue that serves as a barrier to unwanted substances from reaching the lung.

Various studies also show that nicotine increases susceptibility to lung cancer plays a role in the progression of lung cancer. Nicotine can also induce breast cancer and pancreatic cancer due to its carcinogenic effects on body tissues. 

Nicotine Can Cause Poisoning

Nicotine can cause poisoning due to toxicity in people who vape a lot. Nicotine is a natural chemical responsible for tobacco addictive properties. The cases of nicotine poisoning were initially rare, but they have spiked due to the new versions of nicotine products such as vaping and pure liquid nicotine.  Using e-cigarettes and liquid nicotine are more likely to cause poisoning due to the high concentration of nicotine.

The amount of nicotine that can lead to poisoning depends on the individual’s body weight and internal body chemistry. The potential for nicotine poisoning is also higher in those who vape. 10-30 milligrams of nicotine can kill an adult, while 10 milligrams can kill a child. However, individuals with more body weight need higher concentrations to reach toxic levels.

Overconsumption of nicotine primarily affects the heart and the central nervous system. The symptoms of nicotine poisoning include vomiting, high blood pressure, dehydration, and abnormal heart rate. If you experience these symptoms, please call your doctor for emergency treatment to avoid adverse outcomes. 

Image source: Pixabay.com

Nicotine can Affect the Unborn Baby during Pregnancy

Vaping nicotine during pregnancy can have adverse effects on the unborn baby. It can cause abnormal lung, brain, and heart development in fetuses. Nicotine can also harm the fetus’s immune system, which can affect them in their entire life. 

The effects of nicotine also impact the baby’s central nervous system. Most babies whose mothers use nicotine during pregnancy are born with asphyxia. The damages that occur in the major biological mechanisms can lead to a severe lack of oxygen, which increases the chances of SIDS, making it difficult for the child to recover from environmental stress. For the safety of your child, you should avoid vaping nicotine. 

 

Nicotine can Affect Mental Health

Vaping nicotine can cause impulse impact control, especially to young adults whose brains are not fully developed. Some of the common risks include memory loss and mood disorders. 

Image source: Unsplash.com

The part of the brain that controls cognitive behavior isn’t fully developed during adolescence, and vaping nicotine inhibits its development. This can affect brain circuits that regulate attention and learning. Hence, young adults and adolescents are at a higher risk when exposed to nicotine. 

Nicotine Can Be a Gateway Drug

Nicotine is addictive and can be a gateway drug to more potent drugs. Most people who vape nicotine are likely to use alcohol, which is associated with risky behaviors. While vaping is a safer way of consuming nicotine, you can choose to vape nicotine-free vape juice, which is safer for your health.

 

Final Word!

Vaping is much safer than smoking, and most people who want to quit smoking switch to vaping. However, the safety of vaping also depends much on what you are vaping. If you want to vape nicotine, then consider lowering your nicotine intake until you can quit. 

 

References

https://www.hopkinsmedicine.org/health/wellness-and-prevention/5-truths-you-need-to-know-about-vaping 

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4363846/ 

https://www.sciencedaily.com/releases/2018/07/180718223057.htm 

 


StaffStaffApril 24, 2021
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5min3880

Editors Note: This is a guest post.

Stress and anxiety are the worst things to happen to any individual. They not only affect you mentally but physically too. How easy it would have been if we have some solution to such problems? You would have led a happy life.

CBD is a natural health supplement that has anti-anxiety properties. The CBD gummies can be used as an essential for health benefits, especially for anxiety. They can also help you with symptoms such as hysteria and chronic stress. 

These problems like mental stress are very common among people nowadays due to their lifestyle, work pressure, and family issues. People no longer trust ancient home remedies for such problems and being in such a state for long can affect the well-being of a person.

What is CBD oil or CBD gummies?

CBD or cannabidiol is an all-unrefined and organic supplement that provides a large number of health benefits for various problems and challenges which also include stress and anxiety.

CBD gummies are all derived from this hemp plant. Though hemp and marijuana both come from the same plant, hemp has less than 0.3% of THC in it. So, CBD gummies do not cause you any high effect when consumed. 

As CBD products are now legally allowed in many states, you can now buy them easily anywhere and everywhere. There are some best premium organic CBD gummies, which you can buy online sites. You must have heard about EMPE USA which is an online retail store in the USA, that offers good quality CBD products. Everything is organic here with no extra chemicals added.

How do CBD gummies work?

CBD gummies work with the body’s natural endocannabinoid system. It is a network of organic chemical compounds and receptors which help in regulating different functions of the body such as pain, sleep, stress, hunger, and many more.

The CBD has a property that acts like a ligand, which binds with the specialized receptors known as the cannabinoid receptors. These are of two types- CB1 and CB2. This binding between the two causes a ligand-receptor complex which indicates the brains for reactions and helps to manage different body functions. This leaves a positive impact on the body.

This CBD is such a natural element that has very few side effects and the way it interacts with our body receptors, you are sure to be void of all kinds of stress, anxiety, apprehension, and hysteria.

How do CBD gummies work for anxiety?

Anxiety though doesn’t have to be something serious, but it needs to be taken care of to avoid any potential threats. CBD thus helps to manage these problems for our welfare and safety. 

Anxiety is a kind of disease, if not managed well can have an impact on our relationships and works. Hence it is very essential to diagnose it in the early stage itself. We are all aware of that saying that “stress kills”. This is very true.

People using ancient medicines have now started moving to CBD for relief. Scientists have also been saying that CBD has the potential to help to relieve stress, anxiety, depression, and various other ill effects.

 


StaffStaffApril 14, 2021
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6min4470

Editors Note: This is a guest post. 

It is the 21st Century- a  world where we can get almost anything the heart desires simply by ordering it online and having it delivered straight to the doorstep. And, the cannabis industry is no different today. 

The slow but steady movement of marijuana’s use shows heavy documentation and has gained support from the consumers, especially the medical cannabis users. However, there remains a lot of mystery around the cannabis purchase process. Yes, people engage in regular workarounds for purchasing cannabis. 

But, no longer!

Yes, buying weed is pretty simple, provided you engage in a convenient and straightforward process, as described. Cannabis enthusiasts, can’t wait to know how? Well, let’s get going:

  • Embark on the research process:

When ordering marijuana products, it becomes vital to account for where you reside. After that, get informed and be sure that you aren’t falling under any scams or scrolling through any sketchy website. Ensure that the website you’re ordering CBD Products from looks legitimate and has reviews and publications from different customers. Dwell well on the reviewers and make sure they use different sets of words to express themselves differently. 

After all, you never wish to engage in illicit and fraudulent seller activities.

  • Know that you’re not scammed:

Let’s face it; a gazillion scammers are waiting to entrap you, especially when you buy weed. Thus, here are a few things that you must look for while purchasing weed:

  1. Open all eyes if the service asks you to pay through credit card or in advance.
  2. An online store that’s willing you to ship weed across state lines.
  3. An unlicensed dispensary.
  4. Anyone who offers you to mail weed. 
  5. The social media business is offering you to sell weed. 

Know that the online cannabis marketplace is a budding business model. Thus, with the flexibility of government regulations, the options have been changing and becoming standardized. 

  • Check online for reviews:

It is pretty unlikely for a reputable weed supplier not to have much knowledge of drugs and supplements. Please take note of the product reviews and ensure that they are complete and pretty exhaustive. Attain a clear picture of the correct dosage, symptoms, effects, and anything else that you as a buyer must know. 

The website and product description page will shed sufficient light on the seller’s credibility and trustworthiness. Thus, a single look will be enough to invite you as a customer. Care and efforts will be enough to spot. Also, the bottom line revolves around following your gut feeling. 

  • Cost:

Another good sign that comes as a thumbs up for the product quality is the cost. Thus, closely check the price tag. These should never be too high or too low. 

If you’re ordering in bulk, ensure availing coupons and other vouchers. Thus, it seems like a great incentive for going in for an online dispensary. The best deal for buying top-notch products at pocket-friendly prices involves having attractive options for bulk purchasing. 

Key Takeaways

Ordering weed can be pretty simple as ordering pizzas or groceries. Just make sure you have your ID and cash. Apart from these, take a look at the customer support services that your choicest dispensary offers, in addition to the payment option, and then you’re good to go with weed!

 


StaffStaffApril 5, 2021
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7min4060

Editors Note: This is a guest post. 

The pandemic has completely changed the way that most markets in the world work. Instead of being able to go out to the store and buy supplies, people are turning to alternative methods. Furthermore, people are finding new distractions during this time, including a growing number of people that are trying marijuana. Between legalization and increased stress, people love the opportunity to buy marijuana. We’ll show you how the demand for this product and others have increased. 

Marijuana Sales Records During the Pandemic

It is hard to put a finger on the exact reason that marijuana was booming during the pandemic, but a few reasons are certainly to blame. First off, people were home more often, so they were no longer beholden to the rules for tests that workplaces implement. If you combine that with the stress that comes with the pandemic and the increased number of places that were legalizing weed, you have a recipe for success in many ways. 

Some marijuana retailers were seeing massive increases in their sales, some had upwards of 166% of their numbers compared to the same period of 2019. These huge numbers show that people were looking to enjoy marijuana during this unique time in history. 

While we can look at the different reasons why marijuana was such a hot commodity, it is more important to look at the increase in sales overall. For example, marijuana sales in the U.S. saw a 71% overall sales increase compared to 2019. Some individuals might attribute this to coping with the difficulties that come with being involved in the pandemic. Others know that the mysticism and derogatory elements of marijuana are starting to wane as a result of increased information and education. In short, more people feel safe using marijuana for medical and recreational usage now than ever before, and that is a sign of positive things to come considering the difficulties posed toward marijuana in the past. 

Sectors that Are Booming During Lockdown

Marijuana was certainly booming as a result of the lockdown, but that was hardly the only industry to see increased numbers. In fact, three other areas saw major increases in their utilization. Internet, home delivery, and fitness equipment were all industries that were called upon to help keep people comfortable and safe when the world changed last year. Take a look at how these industries transformed to serve the needs of their users. 

  • Internet

The internet saw a vast increase in the number of users since more people were staying home than ever before. The increases came from many areas, though. For example, students had to stay home and get their education using digital outcomes, increasing the overall bandwidth of people using the net. Furthermore, people were staying at home and using their personal internet to power their workplace. 

Some people lost their jobs and were using the internet to look for new ones or stay entertained while they waited for the lockdowns to end. Of course, when people found that they were no longer able to find partners in person so they used online dating sites to meet partners. According to dating site askme4date the number of users has doubled during the lockdown.

All told, internet use increased about 60% from the year before, resulting in staggering numbers of people using the service for everything from dating to education.

  • Home delivery services 

Home delivery services ensured that people no longer had to go get food on their own, thereby saving them from catching the virus. While numbers are hard to come by for this, some grocery delivery services saw a 500% increase from the number of people that had used their services the year before. This was completely necessary for some people that had health problems and older people that did not wish to risk getting COVID by going shipping. Also, since more people were home than ever before, they decided to get their food delivered so they could focus on work and other elements of their lives. 

  • Fitness Equipment

Another aspect of life that changed as a result of COVID is the use of fitness equipment in the home setting. Before COVID, most people would go to a gym to work out. As COVID came to be a part of daily life, the gyms closed and more people wanted the opportunity to exercise from home, so they bought gym equipment. Major retailers were sold out of the products throughout most of 2020, and some shortages continue to develop into 2021. 

 

The world changed with the arrival of COVID-19. People had to change their priorities and their lives in so many ways that the market was strained. Fortunately, the marijuana market was growing anyways and had increased customers without drastically reducing the number of available products. Still, we could see lower amounts of available strains in 2021 as society continues to grapple with COVID.


StaffStaffApril 4, 2021
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5min3500

Editors Note: This is a guest post. 

The legal status of cannabis in Canada has made things a lot easier for medicinal and recreational users in the country. But you cannot dive in without knowing the rules and regulations of legal cannabis because there are still some you have to follow to stay on the right side of the law. While there are specific guidelines for cannabis consumers in each province, some regulations apply everywhere in the country. It makes sense to abide by them and have safe and enjoyable experiences. Let us highlight them for you.

You have to be of the right age

Adults are allowed to buy, possess, use and grow recreational cannabis in the country. But the legal age may vary from state to state. The minimum legal age to buy and possess it is 19 all over Canada. However, Quebec is an exception where you can do it legitimately once you are past 21.  You also have to be sure about not distributing cannabis to anyone who is below the legitimate age.

Be careful about quantities

Another aspect you cannot overlook is the quantity you can buy or own. All states allow you to purchase and possess a maximum of 30 grams at any point. But you can have lots more at home in most locations. For example, you can have up to 1,000 grams at home in British Columbia, while Manitoba has no limit to home possession.

Buy only from a legitimate seller

The government has designated many private retail stores and online dispensaries to sell cannabis legally. You have to stick only to a licensed store to pick your supplies. Buying from elsewhere is legal and can get you in trouble. You can also shop for accessories like vape pens from legitimate stores. Ensure that you carry documents to validate your age when you step into a store to replenish your supplies. 

Avoid consuming in public places 

It is best to consume cannabis only at home because you may have to pay a hefty penalty if caught smoking in public in some locations. British Columbia prohibits it around children, in cars, and the places where tobacco smoking is not allowed. Further, you cannot use it in places such as retirement homes and long-term care homes, schools, playgrounds, parks, and childcare centers.  

Follow the driving rules

You have to stay off the wheel after consuming cannabis because it can lead to a hefty fine and even imprisonment for driving under influence. A quantity of more than five nanograms of THC in your blood while driving can get you into trouble. Also, be careful while transporting cannabis across the state. It should be out of reach of the driver and passengers. So pack your supplies and lock them up securely in the trunk.

As long as you follow the rules, there is hardly a chance that you will get into trouble with authorities in Canada. But make sure that you know the laws of your state before going ahead. Staying on the right side of the law is as important as picking the right products and taking the right dose. 

 


StaffStaffApril 3, 2021
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5min5750

Editors Note: This is a guest post. 

There has been a long and hard battle for the legalization of the psychoactive plant called marijuana. A lot of people are now taking medical marijuana for treatment of a variety of ailments such as depression, insomnia, loss of appetite, anxiety,  stress, and chronic pain. Numerous studies have vouched for the therapeutic benefits provided by THC and CBD, the main active chemical compounds in cannabis. Since the stigma of consuming weed has been dealt with to quite an extent, people are now looking for new and more unique ways to consume the plant. There are a multitude of ways of smoking or consuming weed, but we have curated some of the best ways to get baked, be it for medicinal or for recreational use.

A Joint

A joint will always be the best and most classic way to get stoned or baked. At least 75% of users say that no matter how much they prefer another method of consuming cannabis, a joint at least twice a week is something that they can not do without. It is important to remember that a joint is made up of only marijuana. Once you add tobacco to it, it’s called a spliff. 

There are so many varieties of papers out there for you to choose from for rolling a joint, it’s ridiculous. Most users swear by using hemp papers since the gum is completely vegan and doesn’t have a strong taste. A joint offers you the opportunity to light up anywhere and is quite more discreet than a bong or a pipe. It is also very easy to carry along and hide if needed.

Consuming THC oil

You might be surprised to know that you can get high from consuming just a few drops of THC oil! Unlike CBD oil that does not get you high, THC oil does the job. There are a variety of benefits of consuming oil instead of smoking such as avoidance of all the risks associated with smoking. You can get all the benefits of marijuana without any of the dangers.

Gravity bong

This used to be an all-time favorite for people who did not own a bong but wanted to smoke one. This is actually every poor stoner’s go-to. In times of need, it’s an amazing way to get incredibly high in a short period of time, without using most of your stash. 

The bucket gravity bong can be made using a 2-liter bottle along with one that is much bigger. Cut the small bottle from the middle, a little less than half, and put it into the other one containing a larger reservoir of water. Convert the cap of the 2-liter bottle into a bowl and light it. Keep bring the bottle up slowly and watch as the entire bottle fills up with smoke. Remove the bowl, push the bottle inside and inhale all the smoke.

It is very important to know about different ways that you can get high so that you are well-informed and use the method that suits your purpose best


Debra BorchardtDebra BorchardtMarch 16, 2021
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5min5880

One of the fastest-growing cannabis tech platforms Dutchie said it completed its $200 million Series C, at a $1.7 billion valuation. The company’s latest funding round is led by Tiger Global, with participation from new investors Dragoneer and DFJ Growth, and from existing investors including Casa Verde CapitalThrive CapitalGron Ventures, and former Starbucks Chairman and CEO Howard Schultz. Dutchie also said it is buying Greenbits and LeafLogix, two enterprise resource planning (ERP) and point-of-sale (POS) software solutions serving the cannabis industry, to provide more value to dispensaries and consumers.

“Since dutchie was founded in July 2017, we’ve always been hyper-focused on our retailers. We’ve taken pride in being there when they need us and building a product that’s designed to solve the unique challenges they face in this industry. As technology in the space has evolved, the relationship between point of sale and e-commerce has taken center stage, and continuously investing in these partnerships has long been a top priority for dutchie,” read the company statement.

The company also announced that Tim Barash, former CFO and Chief Business Officer at Toast, will serve as the company’s new Executive Chairman. Barash said, “Dutchie is powering a new generation of entrepreneurs driving one of the most disruptive consumer trends of the last century. This is a once-in-a-lifetime opportunity to join a team focused on accelerating an industry that has a wide range of positive societal impacts, from better health and wellness outcomes to reversing a stigma that hampers criminal justice reform to supporting communities by enhancing state and local tax revenues.”

Dutchie went on to say, “LeafLogix and Greenbits have always been great partners. As we grew closer we found that these companies, in particular, shared our passion for customer success and our beliefs around the benefits cannabis can have on society. Over time it became clear that officially bringing our teams and technology together would create unparalleled opportunities to build solutions for our retailers. Thus, the decision was made for dutchie to acquire both companies. With point of sale and e-commerce systems playing a central role in the tech stack, we believe it’s important to enable retailers to choose the technology that best suits their operation. As such, we look forward to continuing our contributions to a healthy partner ecosystem in cannabis. For dutchie, LeafLogix, and Greenbits, investing in our API’s and integrations will remain a top priority, staying true to our commitment to provide a platform that puts retailers first.”

John Curtius, Partner at Tiger Global said, “We work with companies that have the potential to reshape major parts of the global economy. Our investment will help dutchie extend its platform and deepen relationships with merchants, consumers, and brands to drive better outcomes for all in this ecosystem. We look forward to supporting this world-class team as they hit a new phase of growth.”

Dutchie said the Series C funds will go toward continuing to add and attract top talent, assist with expansion into new markets, and launch major product developments to support cannabis dispensaries while meeting evolving consumer demand and expectations.


Kaitlin DomangueKaitlin DomangueMarch 4, 2021
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5min3140

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. 


Kaitlin DomangueKaitlin DomangueFebruary 25, 2021
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7min5350

It’s time for your Daily Hit of cannabis financial news for February 25th, 2021. 

On the Site

Should You Use CBD Gummies to Help Mental Health? 

There is plenty of evidence to show that CBD can have a profound impact on mental health. This article dives into some of the research and studies that exist include: 

  • Anti-inflammatory
  • Anxiety relief from CBD 
  • CBD’s interaction with serotonin receptors in the brain
  • And other additional pieces of research 

 

Innovative Industrial Stock Sells Off Despite Solid Earnings

Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) released results for the fourth quarter and year ending December 31, 2020, after the market closed on Wednesday. The stock was pulling back in pre-market trading by over 6% to sell near $206 as investors were disappointed with the earnings. Innovative Industrial delivered a fourth-quarter FFO of $1.36 missed by $0.07 and the revenue of $37.09 million missed by $1.41 million despite increasing by 110%.

 

Valens Reiterate Guidance Despite Slight Drop in Sales

The Valens Company Inc. (OTCQX: VLNCF) reported its fourth quarter and fiscal year financial results for the period ended November 30, 2020. Valens reported gross revenue for the fourth fiscal quarter fell to $17.9 million from $18.5 million in the third quarter of 2020. The net loss increased to $16.6 million sequentially over the third quarter’s net loss of $3 million.

 

PharmaDrug Files For DMT To Be Used for Kidney Transplants

PharmaDrug Inc. (CSE: BUZZ) (OTC Pink: LMLLF) has filed for an application with the U.S. Food and Drug Administration to receive Orphan Drug Designation (“ODD”) for N,N-Dimethyltryptamine or DMT in the prevention of ischemia-reperfusion injury in patients undergoing kidney transplantation.

 

Indus Holdings Buys Lowell Herb for $39 Million

California-based Indus Holdings, Inc. (OTCQX: INDXF) is buying Lowell Herb Co. and Lowell Smokes in a deal valued at $39 million. The acquisition includes trademark brands, product portfolio, and production assets of Lowell from The Hacienda Group effective immediately. The company will change its name to Lowell Farms Inc.

 

Acreage Holdings Sells Florida Property for $60 Million

Acreage Holdings, Inc. (OTCQX: ACRDF, ACRHF) announced its subsidiary, High Street Capital Partners was selling Acreage Florida, Inc. to Red White and Bloom Brands, Inc.  (OTCQX: RWBYF) for $60 million. The deal also includes the sale of property in Sanderson, Florida. The stock was dropping over 6% to lately sell at $7.39.

In Other News

MJ Holdings, Inc. to Acquire Medical and Recreational Cultivation Licenses 

MJ Holdings, Inc. (OTC PINK: MJNE) has reached a point of being ready to purchase two cultivation licenses (recreational and medical) and two production licenses (recreational and medical) and transfer the appropriate license to proprietary land. 

“In consideration of $1.250M and 200,000 shares of our common stock (Purchase Price), we will soon fully control our own destiny as we have applied to transfer the cultivation licenses to our proprietary land: The Farm. We have arranged an amicable separation under our existing management agreement with Curaleaf/Acres and are developing our cultivation facility on The Farm for our own use. With the enormous Las Vegas tourism industry soon to be on the rebound, we are well positioned to meet or exceed our fair share of demand,” said Paris Balaouras, Founder and Chief Cultivation Officer of MJ Holdings, Inc. 

 

Cronos Group Earnings Preview for Q4 2020 

Cronos Group (OTC:CRON), is set to announce their earnings for the fourth quarter of 2020. The consensus EPS estimate is -$0.08, and the revenue estimate at $13.23 million. The company has beat estimates 75% of the time over the last year, and has beaten revenue estimates 25% of the time. 

 

Kalamazoo Mayor to Attend Ribbon Cutting Ceremony of Cookies Store 

Kalamazoo’s mayor, David Anderson, has confirmed his participation in a ribbon cutting ceremony for a Cookies retail location on February 26th. The event was announced by the company in a press release. 

Cookies is owned by California rapper and entrepreneur, Berner. 

“The Midwest is an important part of Cookies’ overall expansion plan, and our partnership with Gage Cannabis has been integral,” Cookies CEO Berner said in a news release. “We’ve seen tremendous demand from cannabis consumers in Michigan and the surrounding areas and look forward to continuing to serve them as our partnership grows with this second location.”


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