By DEBRA BORCHARDT Many of the biggest cannabis companies are struggling to stay relevant amidst mountains of debt and slow to grow revenue. Bucking that trend is Trulieve Cannabis Corp. (TCNNF) which continues to build a solid foundation and is one of the few in the industry that is consistently profitable. Trulieve is also putting up some
In the global cannabis landscape, Africa is an overlooked market. This is due to a number of factors, such as the illegality of the plant across the continent and the poor economic conditions that many African countries face. Africa has the potential to become an enormous cannabis market due to the large population and favorable
A CBD-extracting plant in Conover is expected to become part of a Canadian-based health and wellness company that is already a player in the legal cannabis industry. Conover hemp processing plant Sugarleaf Labs LLC will be purchased by Neptune Wellness Solutions this summer, according to a Thursday press release. Sugarleaf’s 24,000-square-foot facility is capable of
Canadians appear to be a bit conflicted about cannabis. A new Dalhousie University study out today suggests that support for legalization has dropped to 50.1 per cent, down 18.5 per cent from their last poll in 2017. And 20.3 per cent of respondents now express ambivalence about last October’s change to allow recreational use. Almost
The government’s announcement this week that the referendum on legalising cannabis will involve a simple yes or no answer on a draft bill raised questions about whether the result really will be binding. Justice Minister Andrew Little says it is binding, because all the parties in the coalition have agreed to pass the legislation if
Years ago, marijuana was only used as a cigarette in order to get high. But as time goes by, more and more people are learning more about this plant, which enables them to maximize its potential. Nowadays, this herb has already been used in almost everything, even in food, as reported by Very Well Health.
If successful, the cannabis industry would shift from agriculture-based growing into a full 3-D cell culturing platform for growing and expanding cannabinoid-producing cells. Pluristem Therapeutics, best known for developing novel placenta-based cell therapy products, announced May 6 that it has filed a US provisional patent application titled “Methods and Compositions for Producing Cannabinoids,” which covers
Santa Barbara County could become one of the nation’s leading cannabis sources, providing an opportunity for those already being squeezed out of other crops by competition and costs, based on an economist’s review of issues delivered Tuesday at the North County Economic Summit in Santa Maria. Peter Rupert, executive director of the UCSB Economic Forecast
Venture capital is upping its tolerance for cannabis investments. At DCM’s CannTech conference in San Francisco on Tuesday, Casa Verde Capital Manager Partner Karan Wadhera spoke about the hurdles facing venture firms that want to invest in cannabis startups but have partners that are not yet comfortable wading into the murky legal waters. “Every major
New Zealanders will be able to vote on whether they want to legalize cannabis in a referendum next year. The draft law under consideration would allow people over the age of 20 to purchase the drug. New Zealand will hold a referendum on legalizing cannabis during the 2020 general election, the government announced Tuesday. Justice