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Pure Harvest Looks to Capitalize on the Consolidation of the Colorado Cannabis Market

Although the last few months have been rough for the cannabis industry, company fundamentals are improving (on average) as new markets open and existing markets gain traction.

We have been closely following the cannabis industry since 2014 and have noticed a lot of changes at the industry level and at the company level during this time. During the last year, we have noticed a large increase in the number of publicly traded cannabis companies that are focused on specific verticals of the industry and this is a trend that has caught our attention.

Kentucky's growing hemp industry has its challenges, lawmakers told

FRANKFORT—Six years ago, the Kentucky General Assembly created a framework for production of industrial hemp. Now the state is a hemp production leader, with around 26,000 acres planted this year alone.

But the growth of hemp and hemp processing in Kentucky under 2013 SB 50 and the 2014 U.S. Farm Bill has presented what Kentucky Agriculture Commissioner Ryan Quarles calls “growing pains,” with farmers and processors facing some uncertainty from both federal regulators and financial lenders.

Meet Pot’s Most Prestigious Brands That Made The Luxury Meets Cannabis Conference Cut

As the stigma surrounding marijuana continues to shed, more national fashion and beauty retailers are welcoming cannabis brands into their stores. It was the addition of luxury cannabis company Lord Jones to the Sephora skincare portfolio in 2018 — the first-ever CBD brand for the chain to accept — that market trend expert Jed Wexler identified as the signal of a business opportunity bigger than the dot-com boom.

Luxury Meets Cannabis Conference founder Jed Wexler at the debut LMCC in 2018.

Courtesy LMCC

Australian Greens Announce Inquiry of Barriers in Medical Cannabis Sector - The Cannabis Exchange

The Australian Senate has passed a bill, which calls for an assessment of barriers in patient access to medical Cannabis. The inquiry, tabled by the Greens, will assess the regulatory and financial barriers surrounding the sector.

Senator Richard Di Natale, leader of the Greens, called for the inquiry last week. However, it has received opposition from the coalition government. Australia is governed by a coalition between two political parties – the Liberal Party and the National Party of Australia, with the Greens representing an opposition party.

First legal Georgia hemp fields show crop’s promise

WATKINSVILLE | This is where Georgia’s future hemp crop begins: in a pungent field at the University of Georgia, where several dozen cannabis plants are nearly ready for harvest.

The plants are lined in rows on one-third of an acre, sprouting fuzzy flowers that could be processed into CBD oil, the popular product sold as a treatment for a variety of conditions including pain and insomnia.

Cannabis edibles expected to take small bite out of illegal sales

Licensed cannabis producers are optimistic that the introduction of legal edibles will help displace the black market, but analysts say it will take time to displace illegal sales. 

Edmonton-based cannabis producer Aurora is launching a line of edibles that include chocolates, gummies and vaping products. 

The company has submitted its products to Health Canada for approval and could begin selling them as of mid-December. 

Recreational Marijuana Would Create More Than 100,000 Jobs in Florida, Study Says

The number of jobs related to hemp, cannabis, and marijuana could increase more than sevenfold in Florida by 2025 — that is, if recreational marijuana gains approval in the November 2020 election.

The prediction comes from a new study on the cannabis industry conducted by New Frontier Data.

Ontario gardeners bring in their 1st harvest of legal backyard cannabis

Along with planting bulbs and clearing out dying annuals, some Ontario gardeners now have a new fall tradition: harvesting their cannabis plants. 

"Now is the most exciting time of growing at home," said Katy Perry, who owns a hydroponic supply store in Toronto. 

"Your plant is finally ready to be chopped down, dried, cured and consumed." 

Last week, Canada marked one year since legalization, making this the first time that Ontarians have been able to legally cultivate cannabis over the summer growing season. 

Democratic Governors meet in New York City to discuss cannabis and vaping

The governors from several Northeastern states said Thursday they want to work together to regulate marijuana and vaping, including possible regional restrictions on flavored vaping products.

Democratic governors from New York, Connecticut, New Jersey and Pennsylvania met in New York City with health and legislative officials. Representatives from Massachusetts and Colorado were also on hand for the meeting.

“What we want to do is coordinate this on a regional basis,” said Connecticut Gov. Ned Lamont, noting how the “patchwork quilt of marijuana regulations makes no sense at all.” He said the group came up with “very preliminary” principles concerning how to regulate legalized, recreational marijuana, such as agreeing to have similar policies for THC content, edibles, advertising and taxation in order to dissuade people from turning to the illicit market.

Lamont said “different states are going to have different timeframes” to pass marijuana legislation and he didn’t foresee everyone enacting the exact same law at the same time. He said more work needs to be done and staff from the participating states will continue working together on the issue. Several of the governors unsuccessfully pushed for their states to allow recreational pot sales in the last year.

“We just want to make sure we go in with our eyes open and we’re consistent,” Lamont said.

On vaping, Lamont said there appeared to be “the most unity” among the officials on possibly outlawing flavored e-cigarettes next year, given their appeal to young people and the growing number of vaping-related lung illnesses and deaths across the country.

“I think you’ll see some unanimity on that at the start,” he said.

Earlier this month, a state appeals court temporarily blocked New York from enforcing Gov. Andrew Cuomo’s 90-day emergency ban on such products after the vaping industry sued to block the regulations. In Massachusetts, Republican Gov. Charlie Baker last month announced a statewide ban on the sale of vaping products, a measure that has been challenged in court.

Meanwhile, a new law just took effect in Connecticut that increased the age to 21 for someone to purchase vaping products.

Cuomo said a lack of federal action on pot and vaping regulations means it’s up to states to act. He noted that marijuana is often vaped and states should also consider that when considering marijuana legalization.