Category: Industry

  • South African producer sells all their stock a year in advance

    South African producer sells all their stock a year in advance

    The demand for medicinal cannabis from Europe and Australia has led a South African producer to sell all of its stock for next year in advance. SafriCanna is a South African based company that supplies the international market. They have signed sale deals with Germany and Australia. The company began building their facilities in Pretoria […]

  • Thailand struggling with cannabis laws

    Thailand struggling with cannabis laws

    In what has been termed the dope wars by local media the rules surrounding cannabis within Thailand are far from organised. After being removed from the narcotics list in the nation and thereby becoming decriminalised but the lack of certainty around the laws are leaving businesses in limbo. Further laws and regulation are currently being […]

  • High taxes and stringent regulation killing California growers

    High taxes and stringent regulation killing California growers

    California based cannabis growers are finding that the taxes and regulations imposed by the Democrats at state level are pushing small companies out of business. The state was one of the first to legalise cannabis and as a result the taxes of cannabis earned the state $300 million in revenue. However, far reaching regulations have […]

  • Inflation is hitting the cannabis market

    Inflation is hitting the cannabis market

    Throughout the world both people and nation states are struggling to contend with rising inflation and it seems that the cannabis market is now being affected itself. In the United States inflation rose to 9.1% and there have been similar rises in the United Kingdom and wider Europe. While the United Kingdom awaits their new […]

  • British taxpayers are now shareholders in cannabis oil firm

    British taxpayers are now shareholders in cannabis oil firm

    The UK government funding rescue scheme set up during Covid-19 has meant that British taxpayers are now shareholders in a medicinal cannabis firm. Along with 65 other companies including a video game studio and a chain of bars the UK state now holds shares in Avida Global limited. Avida Global limited, which is chaired by […]

  • Ice-T latest celebrity to join cannabis industry

    Ice-T latest celebrity to join cannabis industry

    Rapper, actor an producer Ice-T is the latest celebrity to join the cannabis industry after he announced plans to open a dispensary in Jersey City, New Jersey, He has joined up with the brand with friend Charis B, the founder of “The Medicine Woman“, a company that already has a dispensary in New Jersey to […]

  • Are American sports leagues about to embrace cannabis and CBDs?

    Are American sports leagues about to embrace cannabis and CBDs?

    Major League Baseball (MLB) has become the first American pro sports league to allow sponsorship and advertisement from CBD brands. The new rules will come into effect next year with specific regulations over the psychoactive levels of THC. The MLB is the first such American sports league to allow CBD sponsorships but it may not […]

  • As Guernsey reviews cannabis laws the UK remains conflicted

    As Guernsey reviews cannabis laws the UK remains conflicted

    Guernsey politicians are reviewing laws regarding cannabis on the island. The move follows the Isle of Man approving the first licence for medicinal cannabis. The UK however remains conflicted on the issue of cannabis. With the political turmoil that is currently consuming the British government the laws surrounding cannabis remain untouched. There are calls from […]

  • Nevada approves cannabis lounges

    Nevada approves cannabis lounges

    Nevada, home to the gaming capital of the world Las Vegas, has announced the approval of sixty licences for the opening of cannabis lounges. The move aims to capitalise on the states bustling tourism industry and is expected that the first lounges will open before the end of the year. With the licence coming into […]

  • Recession to prove difficult for cannabis companies

    Recession to prove difficult for cannabis companies

    As the global economy suffers from the effects of the Covid-19 lockdowns from the past two years coupled with the ongoing war in Ukraine investors are tightening their pockets and it could be cannabis companies that feel the pinch. Bloomberg suggests that many companies involved in the cannabis industry could find it more difficult to […]