LYPHE Group Poised For European Expansion As It ‘Steps Into Venture Capital’ With £5m Fundraise Led By Leafy Tunnel

By |2022-05-27T07:10:59+01:0027 May 2022|

LYPHE Group has announced the successful closure of its latest funding round, securing £5m in capital to fund expansion into ‘multiple markets’ across Europe.  The funding round has seen the company ‘step into venture capital’ for the first time, thanks to the involvement of early stage [...]

Comments Off on LYPHE Group Poised For European Expansion As It ‘Steps Into Venture Capital’ With £5m Fundraise Led By Leafy Tunnel

One Month In: New Jersey Market Starts Growing

By |2022-05-26T08:24:31+01:0026 May 2022|

Just over a month ago, a handful of dispensaries in New Jersey began selling cannabis to adults over the age of 21. The state issued licenses for adult use sales to seven alternative treatment centers (ATCs), otherwise known as medical cannabis businesses already established in the [...]

Comments Off on One Month In: New Jersey Market Starts Growing

Rhode Island Legalizes Adult Use Cannabis

By |2022-05-26T08:24:28+01:0026 May 2022|

Update: Governor McKee has signed the Rhode Island Cannabis Act into law, making it the 19th state to legalize adult use cannabis. In Rhode Island this week, lawmakers voted to approve a bill that would legalize and regulate adult use cannabis. The state’s legislature passed the [...]

Comments Off on Rhode Island Legalizes Adult Use Cannabis

Cannabis M&A: Take Care of the Due Diligence Essentials

By |2022-05-26T08:24:25+01:0026 May 2022|

As the regulated cannabis industry matures, M&A activity is expected to continue accelerating. Whether they are existing licensed businesses looking for acquisition opportunities or new investor groups seeking to enter or expand their positions in the industry, investors should recognize the special due diligence challenges associated [...]

Comments Off on Cannabis M&A: Take Care of the Due Diligence Essentials

New York Adds More Conditional Cultivation Licenses

By |2022-05-25T12:47:12+01:0025 May 2022|

Regulators in New York are continuing their push forward in launching the adult use cannabis market. They have approved 58 conditional licenses for hemp growers to begin cultivating cannabis for the adult use market. In just the past few months, the state has already awarded 146 [...]

Comments Off on New York Adds More Conditional Cultivation Licenses

Boston Beer Company Launches Cannabis Beverage Line

By |2022-05-25T12:47:06+01:0025 May 2022|

The Boston Beer Company, Inc., known for brands like Sam Adams, Truly, Twisted Tea and Dogfish Head, has announced their entry into the cannabis market. According to the press release, the craft beer company is launching TeaPot, a new brand of cannabis infused-iced teas. Your cousin [...]

Comments Off on Boston Beer Company Launches Cannabis Beverage Line

Canopy Growth Acquires Jetty Extracts

By |2022-05-20T04:19:26+01:0020 May 2022|

Canopy Growth Corporation, one of the largest cannabis companies in the world, announced the acquisition of Jetty Extracts this week for $69 million. Jetty Extracts was founded in 2013 and is now a leading cannabis brand in California and a top 5 brand in the vape [...]

Comments Off on Canopy Growth Acquires Jetty Extracts

FDA Issues Warning Over Copycat Cannabis Consumables

By |2022-05-18T18:29:53+01:0018 May 2022|

Last week, the U.S. Food & Drug Administration (FDA) published a consumer warning regarding food products containing THC and the risk of children accidentally eating them. Between January of last year through April 24, 2022, the FDA says they have received more than 100 adverse event [...]

Comments Off on FDA Issues Warning Over Copycat Cannabis Consumables

Why the Cannabis Industry Must Combat Degree Inflation

By |2022-05-17T07:22:03+01:0017 May 2022|

The hiring process is evolving: major U.S. employers are reconsidering the significance of higher learning. An employer’s undue emphasis on university education while hiring is called “degree inflation.” As the hiring manager for NisonCo, a cannabis public relations, marketing and SEO agency, I have learned a [...]

Comments Off on Why the Cannabis Industry Must Combat Degree Inflation

Grow Group Plans IPO In ‘Next 12 Months’ Following German Expansion

By |2022-05-12T05:56:54+01:0012 May 2022|

GROW Group told BusinessCann back in 2020 that it was raising £6m in capital to fund its expansion across Europe, setting its sights on the German medical cannabis opportunity.  Nearly two years later and the company has now received its first orders from pharmacies for its [...]

Comments Off on Grow Group Plans IPO In ‘Next 12 Months’ Following German Expansion

AOAC Launches Cannabis Proficiency Testing Program

By |2022-05-12T05:56:34+01:0012 May 2022|

In a press release published this week, AOAC International announced it has partnered with Signature Science, LLC as the test material provider for the new AOAC Cannabis/Hemp Proficiency Testing program. What makes this proficiency testing (PT) program so unique is that AOAC will be the only [...]

Comments Off on AOAC Launches Cannabis Proficiency Testing Program

Steep Hill Expands to Vermont

By |2022-05-12T05:56:31+01:0012 May 2022|

Steep Hill, the company that started the first cannabis testing laboratory in the United States, today announced their expansion into Vermont. Their licensee, Steep Hill Vermont, is the first lab in the state to receive pre-approval from the state, according to a press release. The leadership [...]

Comments Off on Steep Hill Expands to Vermont

Aurora Launches New Product Line in UK

By |2022-05-11T03:13:59+01:0011 May 2022|

Aurora Cannabis announced today that they will be launching a new product line for patients in the United Kingdom. The Berlin-based company says they are debuting new cannabis extracts for the United Kingdom that meet EU GMP standards and are developed using, “a new extraction process [...]

Comments Off on Aurora Launches New Product Line in UK

2022 Cannabis Extraction Virtual Conference

By |2022-05-05T07:52:51+01:005 May 2022|

2022 Cannabis Extraction Virtual Conference Sponsored by Hardy Diagnostics View On-Demand Now Click here to see all available CIJ events and webinars Agenda The Future of Cannabis Concentrates: in Hydrocarbon Extraction & Manufacturing Michelle Sprawls, Director of Science, CULTA This presentation delves into closed loop hydrocarbon [...]

Comments Off on 2022 Cannabis Extraction Virtual Conference

A Q&A with Ethan Zohn, Brand Ambassador for Momenta, a Trulieve Brand

By |2022-05-05T07:52:44+01:005 May 2022|

Cannabis has been used to treat symptoms of cancer and chemotherapy including severe and chronic pain, nausea and vomiting. Many athletes also turn to cannabis for pain relief, incorporating cannabis into their pre- and post-workout routines. Though many states have legalized cannabis for medicinal and recreational [...]

Comments Off on A Q&A with Ethan Zohn, Brand Ambassador for Momenta, a Trulieve Brand

Cannabis Banking: The Ins, the Outs & the Unknowns

By |2022-05-05T07:52:36+01:005 May 2022|

As the legal cannabis market expands, banks and nonbank financial institutions (NBFIs) across the United States continue to explore how to safely provide banking and other financial services to cannabis-related businesses (CRBs) and other CRB ecosystem players. At the same time, these organizations are taking into [...]

Comments Off on Cannabis Banking: The Ins, the Outs & the Unknowns

FDA Issues First Warning Letters for Delta-8 THC

By |2022-05-05T07:52:32+01:005 May 2022|

In an unprecedented move, the U.S. Food & Drug Administration (FDA) has issued warning letters today to companies selling products containing delta-8 THC. In total, the FDA sent out five warning letters to companies for violating the Federal Food, Drug, and Cosmetic Act (FD&C Act). Image [...]

Comments Off on FDA Issues First Warning Letters for Delta-8 THC

Quality in the Retail Ecosystem: A Q&A with LucidaClub Founder Jack Roosevelt

By |2022-05-05T07:52:28+01:005 May 2022|

The cannabis retail market is very unique. What began as compassion clubs and wellness centers in the early days of legal cannabis, eventually morphed into dispensaries, quickly becoming the retail model that regulators around the country adopted and businesses implemented. For most states with legal cannabis [...]

Comments Off on Quality in the Retail Ecosystem: A Q&A with LucidaClub Founder Jack Roosevelt

Ananda Developments Makes 3 New Heavyweight Hires As It Continues ‘Best, Not First’ Strategy

By |2022-05-03T15:26:48+01:003 May 2022|

ANANDA Developments has announced a number of heavyweight hires including a new COO, Head of Cultivation and Head of Plant Science, sending its stock price jumping nearly 30%.  Three months into its ‘first phase of operations’, which started nearly four years after it first listed on [...]

Comments Off on Ananda Developments Makes 3 New Heavyweight Hires As It Continues ‘Best, Not First’ Strategy