The cannabis industry is blaming the illegal market for the mysterious vaping disease which has sickened more than 450 and killed five.
Some insiders believe the news could drag on legal vape sales. Morgan Paxhia, managing director of cannabis investment fund, Poseidon Asset Management, said legal operators could be scapegoated.
REC legalization "has become something of a de facto platform plank for the 2020 Democratic [Presidential] candidates," USA Today reports. Among the leading candidates, only current frontrunner Joe Biden hasn't committed to legalization, instead calling for rescheduling. In 2016, Vermont Senator Bernie Sanders was the only major party candidate who called for legalizati
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California appears to be on the brink of creating what State Treasurer Fiona Ma calls “a partial and temporary cash management solution," for cannabis businesses.
WeedWeek Council is a new initiative to build a community of industry leaders, and share their insights with WeedWeek's audience.
We recently asked council members' if they thought infused beverages will become a hot product category and for what they think are the most important trends in marketing and branding:
Peter Gigante, Head of Policy Research at Eaze says, Drinks will be big, but...:
A major question outstanding is how regulators and the public health community will respond. Depending on what is being infused (i.e. will there caffein or other added energy boosters and in what quantity, I could easily see an outcry that the risk of overconsumption is too great with infused beverages, much as some critics do with edibles today.
(Disclosure: Eaze is a WeedWeek Recharge sponsor.)
Here's Gigante on branding trends:
"Celebrity brands have done well in other industry areas. It remains to be seen if cannabis consumers, and WHICH cannabis consumers, will be swayed by familiar names or if other factors like quality and price will still reign top of mind."
James Eichner, Sana Packaging
The most interesting trend in cannabis branding is the growing focus on showcasing regenerative agricultural practices as an integral part of a brand's story.The word "sustainability" means different things to different people...On the other hand, it's clear a regenerative cannabis farm cultivates cannabis using regenerative agricultural practices like no-till, living soil, etc. Visit https://regenerativecannabisfarming.org/ to learn more.
Tammy Pettigrew, The Cannabis Cutie:
"My favorite trend in cannabis branding is seeing products that are labeling what the end experience will be after consuming their products, like uplifted, relaxed, or focused. For beginning consumers this is ideal, especially since there are thousands of strains that exist and we have now learned that the sativa-indica binary is a myth."
What else is on the Council's mind?
Jacqueline Rosales, Soapbox Sample
"There are big challenges in the candy and confection cannabis space from the food scientist and engineer perspectives. I think it's something very interesting to watch given the current challenges with regulations."
At New Cannabis Ventures, Alan Brochstein discusses how American multi-state operators are beginning to differentiate themselves:
"We have seen two of the larger MSOs access debt markets, both including a very small amount of warrants, while another MSO has pursued convertible debt. Another aspect of capital markets approaches is how aggressive some companies have been with their mergers and acquisition strategies, while others have preferred to grow organically. Most of the MSOs cite California, Florida and Massachusetts as the most important markets in the near-term, but we have seen several be aggressive in markets like Arizona and Nevada as well."
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Jasiel Correia II, the mayor of Fall River, Mass. was arrested on federal extortion charges for allegedly helping cannabis businesses get licensed in exchange for hundreds of thousands of dollars.
Prosecutors say he agreed to sign non-opposition letters for four companies in exchange for "significant six-f
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BNN Bloomberg reports hempcrete is increasingly popular as a building material, largely because it produces fewer greenhouse gases than concrete. Incredibly, cement mixing accounts for about 7% of greenhouse gas emissions worldwide.
Hemp fields absorb carbon when they’re growing. After harvest, the crop continues to absorb greenhouse gases as it’s mixed with lime or clay. Hempcrete structures also have better ventilation, fire resistance and temperature regulation, according to their proponents....
But cannabis isn't all green. Scientific journal Nature has a deep dive into the environmental hazards of pot growing and how they can be mitigated.
It concludes, Oregon's Yerba Buena and other eco-minded growers "demonstrate that cannabis can be cultivated in a way that doesn’t harm the planet. But the cannabis industry has only just begun to chart a route to a greener future."
A pot grow of 35 plants tended by six homeless men in Oakland is illegal, but the city will let it stay for now. The issue involves managing two two California megatrends: cannabis legalization and homelessness.
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