California Marijuana

Offering budget-friendly bud with a tropical vibe,  Island  is a popular California brand that recently expanded east. The company’s flower eighth jars, pre-rolls, and mini pre-rolls in single-strain and infused varieties appeal to value-conscious consumers seeking flavor and potency at a moderate price point. Popular offerings include Citrus Wave, Donut Shack, and Pacific Dream. Wholesale:   sales@4frontventures.com

DENVER – Sweet Leaf Madison Capital (“SLMC” or “Sweet Leaf Madison”), a nationwide provider of tailored debt financing solutions in real estate, equipment and senior secured working capital for the compliant middle-market cannabis industry, today announced the closing of a new $100MM debt facility. A prominent New York-based global institutional special situations asset manager will be providing $100MM of financing, making SLMC one of the best-financed asset-based lenders to small- and medium-sized enterprises in the cannabis industry. Both parties will have an option to evaluate the progress and increase the debt facility to $200MM. “This infusion of capital is a strong show of confidence in cannabis debt financing, as well as in Sweet Leaf Madison’s approach to working in this highly regulated and fragmented industry,” said Bryan Gordon, Chairman and CEO of SLMC. “The opportunity to help businesses from ‘seed-to-sale’ achieve their potential is what drives everyone at SLMC, and...

When Lift Cannabis Business Conference & Expo was introduced in Canada in 2016, the gathering was far more than just a meeting place for burgeoning cannabis businesses to discuss new ventures. At the time, ending prohibition was merely an idea. Lift quickly became a crucial event offering a safe space for industry stakeholders to discuss how to move forward together. As such, the event played a pivotal role in legalization north of the border. In the years since, Lift has grown with the industry. Despite a pandemic and a sea of other cannabis-related trade shows that have come and gone, Lift continues to evolve and act as a booster and barometer for the industry. This year, for the first time, Lift will expand its experience-based Canadian conference and trade show to the United States with an American-market-oriented event scheduled to take place in San Francisco in August. It’s one thing to simply move into the U.S. in hopes of gaining market share, but it’s another to cultiv...

When it comes to cannabis, most people assume the plant’s genetics are primarily responsible for an individual cultivar’s cannabinoid and terpene content. However, it turns out that cultivation practices may also play a significant role. A recent study published in the journal Molecules reveals how the growing process can impact the cannabis plant. A team from Colombia University, in conjunction with farmers in the famed Emerald Triangle, compared two genetically-identical strains—Red Velvet and Cheetah Piss—grown indoors and outdoors. The clones were from the same mother plants with the outdoor samples, “grown in raised beds using a proprietary mixture of all-natural soil and composts under full sunlight.” The indoor samples were grown under artificial light in a proprietary growth medium. Once the plants reached maturity, the team noticed immediate differences in the look and scent of the samples. As the report states, “the outdoor samples were stickier to the touch and were m...

NEW YORK — Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE: ACRG.A.U, ACRG.B.U), (OTC: ACRHF, ACRDF), a New-York based vertically integrated, multi-state operator of cannabis cultivation and retailing facilities in the U.S., released a New York Illicit Cannabis Market Absorption Analysis that (i) examines the state’s current trajectory for achieving key goals outlined in the Marijuana Regulation and Taxation Act (“MRTA”) and the need to course correct to do so; (ii) identifies the potential implications of its current adult-use draft regulations; and (iii) ultimately demonstrates the importance of expanded access to more operators, including Registered Organizations (“ROs”), to the success and stabilization of New York’s legal cannabis market. New York cannabis market is projected to be worth $5 – $7 billion, yet limited access to the regulated market is stifling growth and delaying the absorption of the illicit market. Acreage commissioned MPG Consulting, a leading strategi...

The eighth-annual Emerald Conference , an interdisciplinary cannabis science event, was an intellectual celebration of the cannabis plant for the inquisitive, data-hungry minds of the industry. Hosted over three days on the tranquil shores of Coronado in San Diego, this year’s Emerald Conference played host to hundreds of attendees, more than fifteen speakers, and approximately fifty exhibitors and sponsors with booths and technical poster presentations. Overall, the industry event succeeded in sparking meaningful conversations about the significant role data and science are playing in the evolution of the industry. “The Emerald Conference is important because it provides a platform for scientific communication and collaboration,” said David Dawson, Ph.D., chief scientific officer at Via Innovation . “Open scientific dialogue is important for all fields, but especially an emerging field such as cannabis science. To overcome the black market paranoia and misinformation that has run ra...

WASHINGTON – More Americans now support cannabis legalization than tobacco legality, according to two recent polls. That’s quite a turnaround for both tobacco, which used to be legal everywhere, and cannabis, which was legal nowhere until relatively recently. In a research brief it released in February, the Centers for Disease Control and Prevention revealed 57.3 percent of American adults support prohibiting the sale of all tobacco products. The percentages varied little among demographic groups, with the exception of gender: 52.2 percent of male respondents supported banning tobacco products, while 62.2 percent of women supported a ban. No difference in support existed between annual household income groups. In addition, “Although support … was lower among people who reported current tobacco product use compared with those who did not, … more than one-quarter of [tobacco users] supported prohibiting all tobacco product sales,” the report noted. A report from the Pew Research Ce...

BUFFALO GROVE, Ill. — Profile Products, a leading developer and manufacturer of highly engineered specialty agriscience materials, today announced that Jim Tanner, Chief Executive Officer, will retire from his position as CEO effective March 31, 2023. Shane Porzio, currently President, will succeed Jim as President and CEO and as a Director on the Board of Directors on April 1, 2023. Shane Porzio brings extensive executive experience to Profile Products. Alongside Jim Tanner as CEO, Porzio has been acting President of Profile Products since 2021. Prior to that appointment, he was Senior Vice President and Global Head of the Food and Performance Materials divisions for Vantage Specialty Chemicals. He also spent 22 years with BASF in positions of increasing responsibility, with the last 11 years of his career there in various senior executive roles responsible for leading growth in emerging markets and throughout the world. Shane received his Ph.D. in Polymer Science from The Unive...

TORONTO and GLIL YAM, Israel — IM Cannabis Corp. (the “Company” or “IMC”) (NASDAQ: IMCC) (CSE: IMCC), an international medical cannabis company, today announced a reorganization of the company’s management and operations to strengthen its focus on core activities and drive efficiencies to realize sustainable profitability. To achieve this goal, the Company will be reducing its workforce in Israel by 20%-25% across all functions. All actions associated with the workforce reduction are expected to be substantially complete by mid-2023, subject to applicable Israeli law. “The restructuring initiatives announced today follow our departure from the Canadian cannabis market to focus our resources on growth opportunities in Israel, Germany and Europe. It further reflects our determination to continue with our strategic plan by maximizing efficiencies to create a leaner and more flexible organization to better suit the current market environment and our short- to mid-term objectives” say...

It’s the time of the year when businesses of every industry prepare for tax season. For the cannabis industry, seasoned plant-touching business owners and recent licensees alike will be required to meet stringent requirements where taxes are concerned. In fact, the cannabis industry faces unique challenges not applicable to other industries—namely Internal Revenue Service Code 280E (IRC 280E), a tax code that imposes restrictions on the deductions cannabis businesses can take . IRC 280E restricts companies that sell Schedule I or Schedule II substances from deducting ordinary business expenses other than the cost of goods sold (COGS) . This means plant-touching businesses can allocate some of their operating expenses, like rent and utilities, into COGs as allowed in IRC 471. Understanding this code and organizing your accounting to comply is crucial, because the IRS has been auditing cannabis businesses actively to ensure they comply with IRC 280E. Not doing so could make your business...

SPOKANE, Wash. — Phat Panda – the Spokane-based vertically-integrated cannabis company currently ranked #1 in Washington State sales and known for their house of brands including Dabstract, Hot Sugar, Snickle Fritz, and Phat Panda, has announced a continued partnership in California with Sweetleaf Collective, a 501c3 non-profit that helps low-income medical patients and veterans access free medical cannabis. The partnership includes the donation of Phat Panda pre-rolled joints in conjunction with various dispensary partners. This Saturday, March 4th, Phat Panda will be a sponsor for the Sweetleaf Collective event at Kannabis Works in Santa Ana. Proceeds from the sales of Phat Panda’s products will go to Sweetleaf’s network of nearly 2,000 medical patients and veterans. “For every dollar we raise, our network is able to access one free gram of medical cannabis,” said Sweetleaf Joe, Founder of Sweetleaf Collective. “With thousands of joints being donated, we’re creating access fo...

Walker, Michigan – March 6, 2023 – During the past 6 years, Pipp Horticulture has emerged as a leading provider of indoor mobile vertical racking & in-rack airflow solutions throughout North America. The complexities of scaling an operation in this space have kept the competitive landscape lean, but in addition to Pipp Horticulture, Grow Glide, found its lane delivering quality systems at scale and developing a voice within this community. “Following five years of both brands working hard to deliver higher value to their respective customers, we are pleased to announce that Pipp Horticulture and Grow Glide are now operating together and perfectly positioned to push the industry forward into what is bound to be a very exciting future.” – Craig Umans, President & CEO of Pipp. Pipp will utilize the key strengths of each organization, and the expanded product offerings will become available to the most discerning cultivation facilities worldwide. Customers will receive value ...

BIRMINGHAM, Mich. — Female-founded cannabis seltzer brand Happi believes cannabis is for everyone, and that includes accessible investment opportunities. As part of their commitment to building a more inclusive cannabis industry, Happi will become the first cannabis beverage to launch a fundraising campaign on Wefunder, an online fundraising platform that democratizes investment opportunities. Happi is opening up access to cannabis investing in a way no other brand has done with a minimum investment starting at just $250. This new, more accessible path to cannabis investing creates a more equitable playing field that broadens the pool of potential investors to include a brand’s community of fans. As Happi has expanded its footprint nationally both in-store and online, they’ve noted how loyal consumers are looking for ways to support independent, female-owned cannabis brands like Happi beyond simply buying product. The launch of this community round of funding gives these Ha...

MIAMI –  Cansortium Inc. (CSE: TIUM.U) (OTCQX: CNTMF) (“Cansortium” or the “Company”), a vertically-integrated, multi-state cannabis company operating under the Fluent brand, is pleased to announce that on February 28, 2023 the Company closed a non-brokered private placement offering of 30,000,000 units of the Company (“Units”) at a price of US$0.10 per Unit for aggregate gross proceeds of US$3,000,000 (the “Offering”). Each Unit is comprised of one common share in the capital of the Company (a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to purchase one Share at an exercise price of US$0.15 per Share for a period of 36 months following the closing date of the Offering. The Company will use the net proceeds of the Offering for general corporate and working capital purposes. All of the securities issuable in connection with the Offering are subject to a hold period expiring four mont...

Amid the move toward cannabis legalization in the United States is a major shift in access and use. Approximately three-quarters of Americans now live in states where medical cannabis is legal (including CBD-focused programs like the one in Texas), and nearly half live in states where anyone over the age of twenty-one can access legal cannabis. Around 50 million Americans currently consume cannabis in some manner. Yet, few healthcare professionals are informed about modern products or how consumers can use them responsibly and effectively for their health. The onus is on the medical community to match consumer use with education and research. With such a large percentage of the population using cannabis, primary care providers and other clinicians have a pragmatic duty to reduce harm. Healthcare professionals should pursue cannabinoid research and work with patients directly to provide a level of educated support that matches the medical establishment’s knowledge of other widely co...