American financial institutions could be waiting for the U.S. Senate to pass its version of the Secure and Fair Enforcement (SAFE) Banking Act of 2019 before offering services to more cannabis businesses, recent federal data indicates.
The global cannabis market is poised to be worth $41 billion by 2024, BDS Analytics shared during the 2019 Cannabis World Congress & Business Exposition in Boston. However, Brightfield Group has a slightly more modest outlook. The Chicago-based firm estimates that U.S. cannabis sales will reach $23 billion 2023.
Kiva Brands, one of the most recognizable THC-infused food companies in California, is fresh off a $12.3 million capital infusion that it hopes will boost innovation and help solidify its position as a leader in the edibles category.
Hundreds of New England-based cannabis industry professionals turned out for the 3rd annual Cannabis World Congress & Business Exposition (CWCB Expo), held last week at the Hynes Convention Center in Boston. In addition to connecting with suppliers and CBD brands, attendees heard from a number of industry stakeholders across several seminar sessions.
Two-thirds of Americans still support federal legalization of cannabis according to a new Gallup survey released on Wednesday. The analytics and polling firm shared the results of its annual crime survey, which was conducted in early October and found that 66% of U.S. adults were in favor of legalizing cannabis.
In an interview with THCnet, Blue Moon creator and Ceria, Inc. co-founder Keith Villa -- who actually voted against the legalization of recreational cannabis use in Colorado back in 2012 -- discussed his motivations for leaving the beer industry for a career in cannabis, and why other beverage industry professionals should consider the move as well.
Earlier this year, Celtics basketball legend Paul Pierce hauled in $2.8 million in private equity and family office money to help expand Vesper, the Boston-based company he co-founded with entrepreneur Elliot Mermel in 2017. Vesper partnered with Eaze Wellness as its exclusive provider of both the battery and the CBD cartridges.
A blockbuster merger between two leading multi-state cannabis companies has been called off nearly one year after it was first announced. California-based MedMen Enterprises, which is licensed to operate 70 retail stores and currently has a presence in nine states, announced the termination of its combination with Chicago’s PharmaCann LLC on Tuesday.
Sproutly Canada is gearing up for the planned release of its cannabis-infused beverages, the company shared Tuesday. In a press release, Sproutly – which earlier this year formed a joint venture with Canada’s oldest and largest independent beermaker, Moosehead – said its “Infuzz20” process will give drinkers a 90-minute buzz in less than five minutes.
Cannabis resource Leafly has launched a new program aimed at educating so-called budtenders on the science of cannabis. Called Leafly Learn, the new online education platform gives dispensary workers the “tools to really understand the science and art around budtending.”
Popular payments firm Square, Inc. has opened up its platform to U.S. companies making CBD products, the San Francisco-based company announced Thursday. The launch builds on a beta test of the service that was offered to select companies in May.