Culture

What Does a Modern Cannabis User Look Like in 2021 According to Gallop?

Roughly 50-years ago, only 4% of Americans said that they had tried cannabis. In the 1970s, roughly 20% of Americans had smoked marijuana. In the 1980s it raised to 30% and by 2015 it hit 40%. It needs to be clarified “have tried” doesn’t mean “is currently consuming”. It simply means that at some point …

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US Government Funding Research on Hemp Fiber Insulation as an Eco-Friendly Alternative

America’s Department of Energy has sponsored an initiative that will enable the development of hemp fiber insulation. The initiative will be designed for public health, safety, and the betterment of the environment. The investment entails a yearly stipend of $90,000 and an additional $200,000 given to Tommy Gibbons, the COO of Idaho’s Hempitecture. This goal can …

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Arizona’s First Cannabis Runway Show Promises to be Smoking Hot

Arizona has hosted a lot of things: draught, really terrible governors, the Waste Management Open. But the Grand Canyon State has never had a cannabis-inspired fashion show. Until now. Fourtwenty Collections CEO Marvina Thomas, whose company makes cannabis-infused toiletries and edibles, has hooked up with New York fashion designer and Project Runway All Stars champion …

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Ayr inks $80 million deal to buy three Pennsylvania cannabis dispensaries

Multistate operator Ayr Wellness signed a letter of intent to buy three medical cannabis dispensaries in Pennsylvania for $80 million, deepening the New York-based company’s presence in the fast-growing market. The $80 million acquisition of PA Naturals includes $20 million in stock, $25 million in seller notes and $35 million in cash, according to a …

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Marijuana trade groups offer comments on Schumer’s federal legalization bill

Several national marijuana trade organizations and activist groups submitted written comments about a draft of the most recent federal marijuana reform measure, highlighting the need for lower taxes and interstate commerce. The formal comments, which were due to the U.S. Senate this week, offer 169 pages of feedback on the Cannabis Administration and Opportunity Act …

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Planet 13 to enter Florida via $55 million purchase of cannabis operator

Las Vegas vertically integrated cannabis company Planet 13 has agreed to purchase a Florida medical marijuana subsidiary of cannabis multistate operator Harvest Health & Recreation for $55 million.  Planet 13 to enter Florida via $55 million purchase of cannabis operator is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

TerrAscend to buy Michigan cannabis operator Gage in $545 million deal

North American cannabis company TerrAscend plans to enter Michigan’s marijuana market after reaching a deal to buy local operator Gage Growth in an all-stock transaction worth $545 million. TerrAscend, which has operations in both the U.S. and Canada, said the deal will give it a leading position in Michigan, which the company considers the third-largest …

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MI marijuana rules changes include new licenses, lower fees, social equity

The Michigan Marijuana Regulatory Agency released a set of proposed rules for cannabis business, including two new license types and reduced fees. The two new licenses include an educational research permit and a newly expanded microbusiness license, MLive.com reported. The agency is also proposing the following reduction in fees: From $6,000 to $3,000 for marijuana …

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How large Canadian cannabis producers are leveraging small-batch craft cultivation

Large Canadian cannabis producers are turning to small-batch cultivators to tap into a growing consumer appetite for higher-quality “premium” marijuana products. To that end, some large, licensed producers have entered partnerships with craft companies. Others have bought them outright, and some are buying craft cannabis in the wholesale market and reselling the product at the …

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Arizona, California cannabis retailers disrupted by Treez software issues

Cannabis software provider Treez confirmed its retail point-of-sale software suffered a “partial service degradation,” affecting dozens of marijuana retail outlets in the Western United States. Oakland, California-based Treez attributed the issue on Tuesday to a network outage at major cloud computing platform Amazon Web Services (AWS), according to an email sent to clients and shared …

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