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IND HEMP and Hempitecture Announce Supply Partnership for Domestically Produced Hemp Fiber Nonwoven Insulation
IND HEMP and Hempitecture announced the coordinated supply chain partnership to produce and manufacture natural hemp fibers for Hempitecture's nonwoven Hempwool insulation in the western United States. IND HEMP coordinates genetics, agronomy, and...
Dispensaries Expecting Big Sales Prior To 420 Holiday
Enterprise software company Akerna just released a Flash Report tracking buying trends related to this year’s 4/20 cannabis consumption holiday, and the news for the industry is favorable. The weekend preceding 4/20, which lands on a Tuesday this year, is pegged by...
Illinois Already Earns More Tax From Cannabis Than Alcohol
Illinois took in more tax dollars from marijuana than alcohol for the first time last quarter, according to the state Department of Revenue. From January to March, Illinois generated about $86,537,000 in adult-use marijuana tax revenue, compared to $72,281,000 from...
Uber Will ‘Absolutely’ Explore Marijuana Deliveries When Federal Prohibition Ends, CEO Says
The CEO of Uber said on Monday the rideshare company will “absolutely” explore adding marijuana deliveries to its services when federal prohibition ends. Dara Khosrowshahi was asked about the prospect of expanding his business to include cannabis deliveries during an...
New York Will Impact Global Cannabis Market Like No Other Region
Despite being half the size of the legal cannabis market in California, New York is poised to impact the larger industry and culture beyond its state lines and U.S. borders. Why it matters: Even as cannabis is still simultaneously illegal at a federal level and only...
CannTrust’s cannabis license suspended after illegal grows discovered, stock falls 12%
CannTrust Holdings Inc. said Tuesday afternoon that Health Canada has suspended the cannabis company’s license to produce and sell cannabis. Regulators halted CannTrust stock Tuesday morning pending news after its U.S.-traded shares fell 3.3% in morning trading. Once...
Pure Extracts to Enter US Market through JV in Michigan
Pure Extracts Technologies Corp. announced the signing of a Letter of Intent (“LOI”) with the affiliate of a publicly traded multi-state operator (MSO) to form a Joint Venture (the “JV”) to install cannabis and hemp extraction system in an existing Michigan facility....
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