Brand Awareness Archives - Page 8 of 19

ThursdayJul 11, 2024 10:00 am

New Law in Minnesota Permits Breweries to Sell Drinks Infused with THC from Hemp

As of July 1, 2024, taprooms in the northeast region of Minneapolis had began serving hemp-derived, THC-infused beverages. Before the new regulation came into effect, customers were only allowed to buy cans of such types of beverages. Now, breweries can sell the beverages without a bottle if the necessary information that is typically on a label has been displayed. Dan Schnabel, Headflyer Brewing taproom manager, revealed that offering THC beverages on tap afforded the company different options for consumers to try, taste and enjoy while on site. This option, he argued, was more approachable, particularly since not every person wanted…

TuesdayJul 02, 2024 10:00 am

UN Study Recommends Global Hemp Trade Tracking to Support Developing Countries

New research has determined that trade data disparities are impeding hemp trade globally and withholding environmental and economic benefits for developing countries. The research, carried out by the United Nations Conference on Trade and Development (UNCTAD), involved all countries around the globe. In the report, Marco Fugazza wrote that a systematic approach to help measure global trade in hemp products would close the gap between national and global classifications for hemp outputs. Fugazza, a UN economist, explained that this inconsistency hindered policymakers’ ability to come up with strategies to harness industrial hemp’s economic potential and also impacted understanding of global…

ThursdayJun 27, 2024 10:00 am

CRS Says ‘Miller Amendment’ Won’t Ban CBD, Other Cannabinoids from Hemp

An analysis conducted by the Congressional Research Service has determined that not all hemp cannabinoids will be prohibited under a recently proposed amendment for the upcoming Farm Bill. The legislative agency stated that the amendment, which would crack down on the distribution of unregulated hemp products, wouldn’t affect nonpsychoactive natural compounds from the hemp crop, including CBD. The amendment to the farm bill, dubbed the Miller Amendment, was introduced by Representative Mary Miller of Illinois. It was approved by the House Committee on Agriculture in May 2024. The amendment defines hemp in a different way, differentiating between industrial hemp, which…

TuesdayJun 25, 2024 10:00 am

Colorado AG Sues Firm That Sold Marijuana While Calling It Hemp

Attorney General Phil Weiser is suing a marijuana product retailer in Colorado for selling cannabis marketed as industrial hemp. The retailer, Gee Distributors, is based in Greely and operates as CBDDY. The business’ owner, Christopher Landon Eoff, is also being sued by the AG. Under the Colorado Consumer Protection Act, any misleading, misrepresenting and false advertisements are prohibited deceptive trade practices. A recent announcement made by the attorney general’s office revealed that the suit was filed in the Weld County District Court and marked the first action against the business. The lawsuit claims that some of the products sold by…

ThursdayJun 20, 2024 10:00 am

Massachusetts Regulators Grapple with Wave of Hemp-Derived Intoxicants

Legislators in the state of Massachusetts are working toward interventions that will curb the use and/or proliferation of intoxicating hemp-based products. Hemp-derived intoxicants aren’t legal. Federally, hemp is defined as cannabis that contains no more than 0.3% THC when harvested. THC is one of the primary compounds of marijuana, the other being CBD. Unlike CBD, however, THC induces a high when ingested. However, when the 2018 Farm Bill eliminated hemp from the list of Controlled Substances and allowed the crop’s cultivation, a gray area that allowed this market to thrive was created. Popular hemp-based products include Delta-10 and Delta-8, and…

WednesdayJul 10, 2019 9:00 am

Cannabis Companies Seek Strong Strategies to Meet Growing Demand

HempWire Editorial Coverage: With demand outstripping supply, successful cannabis companies are following smart core strategies and reporting strong revenues. Golden Developing Solutions Inc. (OTC: DVLP) (DVLP Profile) has used a mix of acquisitions, diverse brands and products, and increased production footprint to meet customer demand and report significant revenue increases, including its strongest second-quarter numbers ever. Industry giant Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) has followed a similar path, though some change may follow the recent departure of its co-CEO. Tilray Inc. (NASDAQ: TLRY) has invested heavily in increasing production while reaching into new markets such as the United…

WednesdayJun 26, 2019 9:00 am

New Technology Enters the Market as Demand Rises for Hemp Processing Power

HempWire Editorial Coverage: Rising hemp production is putting pressure on processing. Sugarmade Inc. (OTCQB: SGMD) (SGMD Profile), a provider of cultivation equipment, is adding processors to its catalog of products, focusing on next-generation machinery. Canopy Growth Corporation (NYSE: CGC) (TSX: WEED) will be among the companies with a rising demand for processing, as it increases both its cultivation capacity and its product lines. Demand is rising in part thanks to CBD’s public profile, with deals such as the partnership between Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) and UFC shining a spotlight on the plant and its potential. New uses…

ThursdayJun 20, 2019 9:00 am

Acquisitions, Licenses, Research Key in Consistent Cannabis Market Growth

HempWire Editorial Coverage: The cannabis sector continues its steady shift toward big business and big money, with much of growth based on acquisitions, agreements and consistent research. TransCanna Holdings Inc. (CSE: TCAN) (FRA: TH8) (TCAN Profile) is focused on creating a large operation with various licenses and recognized brands, with several key acquisitions, being part of that strategy. Medmen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) is in the process of acquiring PharmaCann, which recently received an extension to complete the development of its cultivation facility in Ohio. Cronos Group Inc. (TSX: CRON) (NASDAQ: CRON) just entered into a multiyear supply…

WednesdayJun 19, 2019 9:00 am

Solid Profits Show Strength of Growing Cannabis Space

HempWire Editorial Coverage: The cannabis markets have already produced some amazing financial results, but all indications are the industry is only at the beginning of an impressive ascent. Quarter-over-quarter sales growth is one of the indicators used to indicate upside potential. With that in mind, Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) (WLDFF Profile) revenues have increased 11 consecutive quarters, quarter on quarter, ever since the company started selling its hemp-based CBD products. Similar quarterly sales spikes and strategic acquisitions foreshadowed dramatic price increases in some of the largest names in the cannabis universe. Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF)…

TuesdayJun 18, 2019 9:00 am

Acquisitions Reveal the Steadily Changing Shape of the Cannabis Sector

HempWire Editorial Coverage: The cannabis sector continues its steady shift toward big business, big money and a focus on the value add of immaterial assets. TransCanna Holdings Inc. (CSE: TCAN) (FRA: TH8) (TCAN Profile) has made several key acquisitions, creating a large operation with various licenses and recognized brands. HEXO Corp. (TSX: HEXO) (NYSE American: HEXO) has taken a similar path with the acquisition of Newstrike. Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) is building a positive public profile through releasing educational tools. Aphria Inc. (TSX: APHA) (NYSE: APHA) has expanded the hunt for cultivation licenses to Germany. Meanwhile, companies…

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