Marijuana Business News

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Wed
10
Mar

How Automated Batching Makes Processing Cannabis Simple

Working in cannabis processing is stepping foot into a young, blossoming industry. No matter how much flower your company goes through in processing, automated batching will ultimately improve net value. Before choosing automation, a company can struggle with time management and precision when doing every step by hand.

Automated batching cuts time, makes measurements precise every time, reduces product loss, and increases quality. All these things combined will pay for the automated instrument.

Wed
10
Mar

Canopy Growth laying off 75, plans to close Danish facility, in latest cost-cutting move

Canopy Growth Corp. is laying off 75 people in North America, and may cut dozens of additional positions in Denmark, as the Canadian cannabis producer completes a year-long cost-cutting review of its operations, a company spokesperson said. 

The restructuring in Canopy’s home market took immediate effect, with 75 people let go in North America, the spokesperson said. Most of those affected workers were employed at Canopy's headquarters in Smiths Falls, Ont. 

"As part of the final stage of Canopy Growth’s end-to-end global strategic review, staffing adjustments were made within our North American operations team earlier today," the spokesperson told BNN Bloomberg in an emailed statement Tuesday. 

Wed
10
Mar

How a Toronto cannabis company is supporting emerging, local artists

Ian Kwechansky is the CEO and Co-founder of LOOP/POOL, an artist co-owned and social-forward cannabis brand that gives back to emerging Canadian talents. Here, he talks about why the company’s focus is on nurturing homegrown talent.

Cannabis and music have always been closely linked, not only as a part of the experience for fans at home, festivals and concerts, but also in the creative process for artists. It has evolved from Jerry Garcia fighting for legalization to John Mayer renouncing alcohol for cannabis, advocating how his “quality of life has gone up considerably.” The association between the plant and artists is an enduring one.

Tue
09
Mar

Looking For Good Marijuana Stocks To Buy? 2 Cannabis Stocks To Watch This Month

2 Pot Stocks To Watch This Month For Bigger Gains

Tue
09
Mar

The Importance of Environmental Control When Growing Cannabis

When the team at East Coast Cultivation set out to build its new indoor grow operation in Rhode Island, it knew it had to nail one thing: environmental controls.

“The key factor in having a successful grow is controlling your environment,” said East Coast Cultivation CEO and co-founder Joe Welch. “Once you lose control of your environment, the serious crop-crushing issues begin to take hold.”

Tue
09
Mar

Health Canada probing cannabis labelling amid Canopy Growth potency complaint

Health Canada is investigating complaints alleging inaccurately-labelled potency levels for some products sold by licensed pot producers, including industry leader Canopy Growth Corp. 

The Smiths Falls, Ont.-based cannabis producer was called out by a rival in a complaint submitted to Health Canada's Cannabis Compliance Directorate last month. According to a copy of the document obtained by BNN Bloomberg, the complaint centres on sales of Canopy’s TWD brand that displays a flat 20-per-cent tetrahydrocannabinol (THC) potency for 18 separate batches of its cannabis products. 

Mon
08
Mar

Cannabis Market Could Reach $90 Billion By 2026

According to a careful estimate, the marijuana market is expected to reach $90.4 billion by 2026. In 2020, the marijuana industry was valued at $20.5 billion. These numbers clearly show that Marijuana is going to lead the world of e-cigarettes in the coming years. So, if you are wondering how it will take over the industry, you have come to the right place because this blog is just the thing that you need to read to know about the future of both Marijuana and the vape industry. 

Mon
08
Mar

Why Ontario pot retailers are worried about a new wave of cannabis stores set to hit the market

After a stalled rollout, Ontario is aiming to approve dozens of cannabis retail outlets each week with the goal of hitting 1,000 stores across the province by the fall.

But the prospect of more competition, especially during a pandemic, has some in the industry predicting a shakeout in the marijuana marketplace.

 

Vivianne Wilson, the founder and president of GreenPort Cannabis on College Street in the heart of Little Italy, opened her story on Oct. 17, 2020 after waiting almost a year to get it approved.

"We opened during the pandemic, so we don't know what normal is. As soon as we opened we were on lockdown again so people can't come into the store," she said. Wilson added that the retail experience is how she hoped to differentiate her store.

Mon
08
Mar

Ontario captured 40% of legal pot market in 2020, still lags national share

After two years of legalization, Ontario continues to eat away at the illicit cannabis market. 
 
Data provided by the Ontario Cannabis Store (OCS) shows that the province secured roughly 40 per cent of the legal market by the end of last year. That's more than double what the legal market controlled a year earlier, but still lags behind the 52 per cent of the national legal share of recreational cannabis sales, as COVID-19 lockdowns weighed on retailers. 

Mon
08
Mar

Sustainable Cannabis — How To Find It And Why You Need To Start Caring

Despite more Americans supporting federal legalization of cannabis, many people still don’t know about the industry’s potential to harm the environment.

Just like other agricultural commodities, there are environmental impacts involved when growing cannabis. But many consumers don’t know, or simply don’t care how their cannabis was grown or even if it was sprayed with harmful chemical pesticides.

Tons of carbon is emitted into the atmosphere too just to grow a single cannabis plant. However, there is a growing number of people who do care how their cannabis was grown, and if they are produced with care to reduce its impact on the environment.

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