All posts by Cited in article

Online grey market cannabis sellers are competing with the legal market by undercutting it and offering deep volume discounts, data released by Statistics Canada shows.

Sellers in the legal market ask about $10 a gram, on average, and rarely offer discounts of any kind.

StatsCan’s survey of grey-market mail-order marijuana sites showed that very small purchases, under two grams, were in line with the legal market at about $10.

But the more a customer was willing to buy, the more prices fell: at 28 grams or more, the sites charged $5.86 a gram in the third quarter of this year. In late 2018, they were charging $4.83.

– Read the entire article at Global News.

Read More Here…

Vitalis Extraction Technology is a fast growing Okanagan company.

Based in Kelowna, it manufactures and sells machines that extract botanical oil from plants, including cannabis and hemp.

“We’re going into some other markets now,” Joel Sherlock, Vitalis co-founder said.

“Hemp, flavourings, pharmaceuticals. The cannabis and hemp markets, which we service — those markets are growing and that market growth drives our growth.”

– Read the entire article at Global News.

Read More Here…

Medical cannabis entrepreneurs are looking for answers after the Texas Department of Public Safety unexpectedly shut down its application process for new dispensary permits on Wednesday. The window was originally intended to last through November 1.

No reason was given for the abrupt termination of the application window, which had been announced as a month-long period, and was pulled after only a week. “The department will continue to assess dispensing capacity requirements, along with the need for any additional licenses, as we work through recent legislative changes to the program,” a spokesperson from the department commented to a local news site.

The closure of the application process is of particular concern because the geographically enormous state’s access to medical marijuana is fairly limited. Last year, only three dispensaries (Surterra Texas, Cansortium Texas, and Compassionate Cultivation) saw their applications approved—the minimum number that the state was required to authorize. 43 businesses submitted applications to the agency.

The dearth of licensed dispensaries means that Texan patients have little options when it comes to where they can get their cannabis. Supply is so low that law enforcement officials have expressed concern that residents may cross state lines to get their meds illegally. That

Read More Here…

A major U.S. insurance company is planning to increase life insurance premiums for its customers who vape. The move by Prudential will bring rates for customers who use e-cigarettes into alignment with those charged smokers, the company said in a statement on Thursday.

“Prudential will reclassify users of e-cigarettes to treat them as smokers and in line with our cigarette smoking guidelines,” a company spokesman said. “Smokers typically will have higher-priced policies.”

The change will go into effect for customers applying for individual life insurance policies. Smokers typically pay about 50% more per year than nonsmokers, according to quotes from online insurance sites. The difference could add up to an additional $350 to $800 per year, depending on the health of the applicant and other factors.

The move by Prudential, a Fortune 500 company that provides insurance and other financial services in more than 40 countries, comes in the midst of the ongoing bout of serious lung injuries that have been linked to the use of e-cigarettes and other vaping devices. As of this week, at least 1,100 cases of the severe lung illnesses associated with vaping and 23 deaths have been reported by the Centers for Disease Control and

Read More Here…

The American Civil Liberties Union is taking on a Pennsylvania county over a new policy that bars people with state medical marijuana cards to use the drug if they were on probation. 

In a lawsuit filed this month on behalf of several petitioners, the state chapter of the ACLU asserts that those rules issued by the Lebanon County, Pennsylvania violate state law. Pennsylvania legalized medical marijuana in 2016, and the state permits its use for patients suffering from roughly two dozen different medical conditions.

The county’s court system and probation department announced last month that the new policy would take effect on October 1. One of the petitioners in the suit filed is Melissa Gass, a 41-year-old woman who uses medical cannabis to treat grand mal seizures from her epilepsy. 

She is also on probation in Lebanon County stemming from a 2016 arrest for simple assault following an altercation she had with her husband. Gass says she stopped using marijuana upon learning of the county’s new policy, going a month without it and suffering a sharp uptick in seizures as a result.

“Medical marijuana has made all of the difference in improving my quality of life,” she said in an

Read More Here…

Hemp offers untold benefits for the soil, production processes, renewable fuel and sustainable fashion.

The internet has been awash in new health apps to improve sleep and wellness and an enormous amount of information on CBD oil, a product derived from cannabis, also commonly known as the source of marijuana.

Of cannabis’ compounds called cannabinoids are two primary components: THC and CBD, the latter is its non-psychoactive component. CBD has been rebranded – it was previously known as hemp oil and is also called cannabis oil and cannabidiol.

CBD is heavily marketed in the EU and is sold to remedy everything from pain relief to stress to depression. While some have questioned the benefits of CBD, there is some hope that this marketing drive towards CBD might open up more awareness of benefits that cannabis in all its forms might offer the planet.

– Read the entire article at The Ecologist.

Read More Here…

Retired NBA star Jamal Mashburn joined the board of cannabis health and wellness company Revolution Global as an advisor, the company announced on Thursday.

Mashburn, a former forward who played for teams that included the Miami Heat and Dallas Mavericks, became the latest in a series of former athletes promoting the booming legal pot industry. Mashburn, who operates Papa John’s (PZZA) and Toyota (TM) franchises, will advise the Chicago-based company on a range of issues like marketing and business expansion.

“A lot of people have tried to recruit me in this particular sector, because of my retail experience, being a franchisee of Papa Johns and operating numerous Toyota and Lexus dealerships,” Mashburn told Yahoo Finance in an interview.

– Read the entire article at Yahoo News.

Read More Here…

The Quebec government says it will appeal a decision invalidating parts of Quebec’s cannabis law that prohibited home cultivation.

On Sept. 3, Quebec Superior Court Justice Manon Lavoie ruled Quebec’s legislation infringed upon the jurisdiction of the federal government, which has sole responsibility for legislating on criminal matters.

The judge ruled unconstitutional the sections of the Quebec Cannabis Regulation Act prohibiting the possession and the cultivation for personal purposes of cannabis plants.

– Read the entire article at CTV News.

Read More Here…

Progress has been made in all areas, from testing the product to evaluating distributors.

Sproutly Canada Inc. (SPR:CSE; SRUTF:OTCQB) provided in a news release an update on its development of cannabis-infused beverages through its joint venture with OCC Holdings, a Moosehead Breweries affiliate.

Joint venture CEO Matthew Oland, a former Moosehead senior executive, said his team has made significant pre-commercialization strides regarding the beverages it intends to sell in the Canadian market through Toronto Herbal Remedies Inc. (THR), Sproutly’s Health Canada-licensed cannabis producer.

“I am confident in our ability to deliver a great tasting beverage to Canadians that provides a controlled, strain-specific cannabis experience utilizing Sproutly’s naturally water soluble cannabinoids known as Infuz20,” Oland said in the release.

– Read the entire article at Streetwise Reports.

Read More Here…

Victims of opioid addiction weren’t in the room when OxyContin maker Purdue Pharma persuaded half the state attorneys general to settle claims over the company’s role in the nationwide overdose epidemic.

Now that Purdue is in federal bankruptcy court, four people whose lives were touched by addiction have important seats at the table — and could force fundamental changes to the tentative deal. They are part of a bankruptcy committee that will play a major role in deciding how much Purdue will pay and potentially how that money is to be spent.

The committee can investigate Purdue’s operations and possibly even go after more money from the members of the Sackler family who own the company. They will play a central role in evaluating the tentative settlement reached by the attorneys general representing roughly half the states.

The four are a mother and a grandfather of children born dependent on opioids, a man in recovery from addiction and a mother who lost a son to overdose. Together, they could be an emotionally persuasive minority on the nine-member Official Committee of Unsecured Creditors appointed by the U.S. trustee overseeing the bankruptcy.

“There’s not a shy person in the bunch,” said addiction

Read More Here…