Hemp News

Companies Run Apart California In latest Sign of Cannabis Industry Turbulence

Nationally minded cannabis businesses face tough choices about where to operate in light of significant financial headwinds. At least three national cannabis companies have either departed the California marijuana market this year or are planning to shutter facilities in order to save on costs – the latest signal that profits are not exactly free-flowing for …

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Jury Scrambles upon Cannabis Bank in Cann Distributors Case

Missed tax payments, missing money and a suspicious copy cat company registration. Cannabis-friendly California-based Pacific Banking Corp. got an earful from the judge that is hearing a case involving Cann Distributors. According to Law360, the case dates back to March 2020 when Cann Distributors accused Pacific Banking of failing to make millions of dollars in tax …

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Illicit Psychedelics Market Becoming Bigger And Bolder

The psychedelics industry is attracting more attention from less scrupulous operators who see the rewxard as worth the risk. Any time there’s a nascent industry in the midst of a growth surge, that industry will begin to attract more attention from less scrupulous business fringes looking to capitalize on the hype. The psychedelics industry is …

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Cannabis Can Aid As “Pick Me Up” Puff

If you are running low on energy and find that a puff or two of cannabis has a “pick-me-up” effect – it turns out that you aren’t alone. Now, a large-scale study seems to validate that cannabinoid effect. The inhalation of cannabis is associated with such a perceived decrease in fatigue, according to data recently published in the journal Medical Cannabis and …

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Schwazze To Go out for Two Colorado Lightshade Dispensaries

Schwazze has agreed to acquire certain assets of Lightshade dispensaries located in Aurora and Denver’s Washington Park neighborhood. Schwazze (OTCQX: SHWZ) (NEO:SHWZ) has agreed to acquire Lightshade’s adult-use dispensaries in  the Denver area: one in Aurora and the other in Denver’s Washington Park neighborhood. The acquisition continues the multistate operator’s aggressive expansion in Colorado and will bring the company’s total number of dispensaries in the …

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Vermont Launches First Recreational Cannabis Retail Permits

Adult-use sales in the state could begin as early as Oct. 1. Vermont authorities have given the green light to the first three recreational cannabis retailers in the state, meaning adult-use sales could begin as soon as Oct. 1. According to a news release from the Vermont Cannabis Control Board (CCB), new retail permits were granted Wednesday …

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Tempered Optimism On Cannabis Industry Future At Benzinga Chicago Conference

Cannabis industry players hopeful about year ahead, despite continued business challenges and federal inaction. A diverse swath of cannabis industry insiders at the Benzinga Capital Conference this week in Chicago expressed high-flying optimism heading into 2023, but they also hedged by acknowledging the immense business hurdles that marijuana entrepreneurs still face. “Hell yes, completely optimistic,” …

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Future Psychedelics Personnel Getting Educated Today

Several academic institutions around the world are heeding the call to quickly build a psychedelics workforce. There is a growing need for more therapists, more clinicians and more researchers in the psychedelics industry, so several academic institutions around the world are heeding the call in an effort to quickly build a psychedelics workforce. There are …

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