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A Guide to Outsourcing Your Cannabis Delivery Service

July 7, 2021 by CBD OIL

If you are interested in adding a new delivery option for your cannabis dispensary, choosing a third-party service is a great move. Generally speaking, the most significant selling points of third-party delivery services are overhead cost and convenience.

Not only will third-party delivery services run your entire courier operation under a single platform, but they will also streamline your sales process with the latest technology. In addition, working with a third-party vendor will help you avoid financial risk with workers’ compensation and auto insurance expenses.

Please consider the following points to build a successful partnership with a third-party cannabis delivery service.

Research Your Local Market Regulations

Before you can outsource a delivery option for your cannabis dispensary, you need to research if it’s legal to do so in your given market. Whether medical or adult-use, each state has unique regulations for delivery services. In addition, individual counties and municipalities within these states also have their own rules concerning cannabis delivery on a more granular level.

As an illustration, Denver, CO, has had an adult-use cannabis market since 2013, but the city just passed legislation approving delivery services. So, starting in late summer 2021, third-party vendors will be the only businesses allowed to deliver cannabis in Denver legally. As can be seen, just because cannabis is legal in a particular state doesn’t mean delivery is always an option.

How Do I Vet a Potential Delivery Partner?

You must be discerning when starting a partnership with a third-party cannabis delivery service. As these delivery companies will be representing your brand in the field, you want to make the best choice possible. Luckily, there are some specific parameters you can follow in vetting a potential delivery partner.

License: Perhaps the most critical part of vetting a delivery partner is ensuring they have the appropriate license. Especially in hotbeds like California, countless unlicensed cannabis businesses are in operation, including delivery services. Therefore, asking to see their paperwork should be the very first step in vetting.

App & User Experience (UX): Taking a good look at the User Experience (UX) provided by a third-party vendor’s app or website is a great way to vet them. In the end, delivery services are all about convenience. If their ordering software is robust and offers flexibility and great reporting, they will likely provide you the springboard to retain your repeat buyers. 

Payment processing can be a challenge in retail

OSHA Certification: Another critical factor to consider when vetting a delivery partner is OSHA training. Those companies who have taken steps to train their employees on safety protocol appropriately will likely make good partners.

How Does Online Ordering Work with My System?

Payment processes for cannabis dispensaries are incredibly complex. Moreover, since cannabis is still federally illegal, major credit cards and banks do not accept charges from dispensaries. Because of such complexities, the prospect of accommodating deliveries might prove to be a challenge.

Enter Scarlet Express. Third-party cannabis companies like Scarlet Express can integrate with your established system to seamlessly add delivery payments. They even offer customizable software that integrates with your menu provider and POS system while also importing essential brand elements like logos and colors.

If you are a small cannabis dispensary that has never developed online ordering, certain third-party vendors can also help you build out an eCommerce page on your website.

What About Compliance & Seed-to-Sale Tracking?

Compliance is one of the essential elements of running a successful cannabis business. However, compliance regulations can get tough to follow when you begin dealing with third-party delivery companies, namely because cannabis products change hands several times before they are finally sold to the consumer.

PlantTag
A plant tagged with a barcode and date for tracking

The state has thoroughly vetted any third-party delivery service that has received a license. Therefore, not only are they up-to-speed on compliance protocol for your given market, but they are also trained on the appropriate seed-to-sale software. With these controls in place, you can trust they assume legal responsibility for cannabis products after leaving the dispensary.

To operate compliantly, third-party delivery services time-stamp their orders, which can then be tracked through GPS in the delivery car. Finally, all cannabis products are stored within a secure lock box that is only opened at the time of delivery.

Adding a delivery option for your cannabis dispensary is a great way to entrench yourself with your clients. Working with a third-party delivery service is a painless way to expand your business.

When considering a partnership with a cannabis delivery service, be sure to thoroughly vet them and make sure they share your goals and vision. In doing so, you will ensure an invaluable partnership that will continue long into the future.

Filed Under: Cannabis News

Gage Growth Corp. and Wiz Khalifa’s Khalifa Kush Announce Partnership

July 7, 2021 by CBD OIL

A public cannabis company with a strong focus on the international market is stepping into Mexico’s nascent medical cannabis industry.

Clever Leaves, a cultivator, manufacturer and distributor listed on the Nasdaq, announced its entrance into Mexico last month with an active pharmaceutical ingredient (API) supply agreement with CBD Life, beginning with cannabidiol (CBD) isolate.

In 2017, Mexico legalized medical cannabis with tetrahydrocannabinol (THC) concentrations below 1%. But Mexico’s health ministry didn’t pass medical cannabis regulations, including those addressing cultivation and harvesting, until this January. (The country’s supreme court also declared adult-use cannabis prohibition unconstitutional in late June.)

Luisa Conesa, an attorney and cannabis activist, told Reuters of the medical regulations: “[The regulation] is not aimed at patients growing their own cannabis, it is aimed at pharmaceutical companies producing pharmaceutical derivatives of cannabis which are classified as controlled substances that need prescription.”

Some companies aiming to create products can import cannabis plant material, according to the news source.

A June press release from Clever Leaves said the company’s partnership with CBD Life “is Clever Leaves’ first commercial agreement in the Mexican market, and it comes shortly after regulations were fully approved in the country, providing a strategic growth opportunity in one of the world’s largest pharmaceutical markets.”

Speaking with Cannabis Business Times and Hemp Grower, Clever Leaves CEO Kyle Detwiler said he and others at the company see Mexico as a “great demand center for medical cannabis, for other cannabinoid products.”

The opening of the market is allowing Clever Leaves to get in on the ground floor with shipping cannabis product there. “I think an announcement like our first shipment to Mexico is a reminder that—listen, in other geographies, cannabis hasn’t really reached the saturation—both societally as well as regulation-wise—as it has in the U.S.,” Detwiler said. “A lot of these countries are just beginning their cannabinoid journey.”

Photo courtesy of Clever Leaves

Detwiler

Clever Leaves follows in-depth quality procedures to produce the pharmaceutical-grade product the Mexican government requires, Detwiler said, noting the company’s adherence to European Union Good Manufacturing Practices (EU-GMP).

Clever Leaves has about 400 employees, 2 million square feet of greenhouse production and 70 million square feet of expansion potential in Colombia, and more than 100,000 square feet of greenhouse production on 9 million square feet of “agricultural and agro-industrial land” in Portugal, according to U.S. Securities and Exchange Commission (SEC) filings.

“So, we have a smaller operation [in Portugal], but it’s for the production of flower, whereas Colombia’s for the production of extracts right now based on what’s permitted in those two geographies,” Detwiler said.

Simultaneously, Clever Leaves is focused on other operations around the globe, including in the U.S. Its wholly owned subsidiary Herbal Brands, which “manufactures and distributes non-cannabinoid nutraceutical products to more than 15,000 retail locations” across the U.S., per the SEC filings, entered into a partnership with LooperGroup and TruSource Hemp Group in February to import CBD into the U.S.

Detwiler said the goal there is to build upon existing relationships with U.S. retailers to provide them with CBD products, pending greater regulatory clarity in the country.

In Colombia, the company manufactures the CBD isolate that it sells into Mexico, and grows the cannabis from which it derives that isolate.

When asked about future plans for working in the Mexican market, Detwiler said: “Clever Leaves is really out there to be a B2B partner to the industry. I think there’s probably a lot of companies in Mexico thinking through the decision calculus of ‘Hey, wait a minute. Maybe I should go out and build a huge cultivation operation, maybe even a big processing center.’”

However, it could take several years to build out those facilities, become GMP-certified and -compliant—which the Mexican government requires for the entire supply chain—gather stability data and so on, Detwiler said.

“Let me save people the suspense: It’s a pretty low cost to produce our products in Colombia, so even if you could build it in Mexico, I don’t think you would be able to be cost-competitive with sort of a Colombian-produced solution,” he said.

In April 2020, Clever Leaves announced it would supply Canopy Growth subsidiary Canopy LATAM with cannabis extract that Clever Leaves produced through its Colombia operations.

One grower aside from Clever Leaves who has decided to cultivate in Colombia noted the low production costs in speaking with CBT. Cultivator Flora Growth shared its costs to cultivate flower—6 cents per gram—though that business cultivates its entire crop outdoors.

But there are always challenges exporting cannabinoids, Detwiler said, adding: “Imagine showing up with 10 kilograms of fine white powder coming from Colombia into a country for the first time.”

And, when the United Nations’ (UN) Commission on Narcotic Drugs (CND) voted in December 2020 to remove cannabis from Schedule IV of the 1961 Single Convention on Narcotic Drugs, the CND “opened the door to recognizing the medicinal and therapeutic potential of the drug, although its use for non-medical and non-scientific purposes will continue to remain illegal,” according to a UN webpage.

Still, Detwiler remains optimistic about Latin America. He said he has a history of investing in the region, including while serving as a principal at The Blackstone Group and as a member of Kohlberg, Kravis, Roberts & Co.’s private equity practice.

The cannabinoid journey is under way there, as elsewhere, though he said global demand for minor cannabinoids has yet to really take off.

“I think in the U.S., you are starting to see CBN [cannabinol] products often around a sleep claim that are starting to emerge,” he said. “CBG [cannabigerol], CBGA [cannabigerolic acid] are starting to pop up as—I guess some people are saying [they] kind of [accentuate] the cannabinoids that are otherwise already present. There are a variety of different things that I think we’re really just scratching the surface on.”

However, he said, “In any case, Clever Leaves is currently able to provide high THC, high CBD and balanced products to our clients, and also has the capabilities to develop a customized product in a reasonable period of time for our clients.”

Filed Under: Cannabis News

Following Mexico’s Issuance of Medical Cannabis Regulations, Clever Leaves Enters Market

July 6, 2021 by CBD OIL

A public cannabis company with a strong focus on the international market is stepping into Mexico’s nascent medical cannabis industry.

Clever Leaves, a cultivator, manufacturer and distributor listed on the Nasdaq, announced its entrance into Mexico last month with an active pharmaceutical ingredient (API) supply agreement with CBD Life, beginning with cannabidiol (CBD) isolate.

In 2017, Mexico legalized medical cannabis with tetrahydrocannabinol (THC) concentrations below 1%. But Mexico’s health ministry didn’t pass medical cannabis regulations, including those addressing cultivation and harvesting, until this January. (The country’s supreme court also declared adult-use cannabis prohibition unconstitutional in late June.)

Luisa Conesa, an attorney and cannabis activist, told Reuters of the medical regulations: “[The regulation] is not aimed at patients growing their own cannabis, it is aimed at pharmaceutical companies producing pharmaceutical derivatives of cannabis which are classified as controlled substances that need prescription.”

Some companies aiming to create products can import cannabis plant material, according to the news source.

A June press release from Clever Leaves said the company’s partnership with CBD Life “is Clever Leaves’ first commercial agreement in the Mexican market, and it comes shortly after regulations were fully approved in the country, providing a strategic growth opportunity in one of the world’s largest pharmaceutical markets.”

Speaking with Cannabis Business Times and Hemp Grower, Clever Leaves CEO Kyle Detwiler said he and others at the company see Mexico as a “great demand center for medical cannabis, for other cannabinoid products.”

The opening of the market is allowing Clever Leaves to get in on the ground floor with shipping cannabis product there. “I think an announcement like our first shipment to Mexico is a reminder that—listen, in other geographies, cannabis hasn’t really reached the saturation—both societally as well as regulation-wise—as it has in the U.S.,” Detwiler said. “A lot of these countries are just beginning their cannabinoid journey.”

Photo courtesy of Clever Leaves

Detwiler

Clever Leaves follows in-depth quality procedures to produce the pharmaceutical-grade product the Mexican government requires, Detwiler said, noting the company’s adherence to European Union Good Manufacturing Practices (EU-GMP).

Clever Leaves has about 400 employees, 2 million square feet of greenhouse production and 70 million square feet of expansion potential in Colombia, and more than 100,000 square feet of greenhouse production on 9 million square feet of “agricultural and agro-industrial land” in Portugal, according to U.S. Securities and Exchange Commission (SEC) filings.

“So, we have a smaller operation [in Portugal], but it’s for the production of flower, whereas Colombia’s for the production of extracts right now based on what’s permitted in those two geographies,” Detwiler said.

Simultaneously, Clever Leaves is focused on other operations around the globe, including in the U.S. Its wholly owned subsidiary Herbal Brands, which “manufactures and distributes non-cannabinoid nutraceutical products to more than 15,000 retail locations” across the U.S., per the SEC filings, entered into a partnership with LooperGroup and TruSource Hemp Group in February to import CBD into the U.S.

Detwiler said the goal there is to build upon existing relationships with U.S. retailers to provide them with CBD products, pending greater regulatory clarity in the country.

In Colombia, the company manufactures the CBD isolate that it sells into Mexico, and grows the cannabis from which it derives that isolate.

When asked about future plans for working in the Mexican market, Detwiler said: “Clever Leaves is really out there to be a B2B partner to the industry. I think there’s probably a lot of companies in Mexico thinking through the decision calculus of ‘Hey, wait a minute. Maybe I should go out and build a huge cultivation operation, maybe even a big processing center.’”

However, it could take several years to build out those facilities, become GMP-certified and -compliant—which the Mexican government requires for the entire supply chain—gather stability data and so on, Detwiler said.

“Let me save people the suspense: It’s a pretty low cost to produce our products in Colombia, so even if you could build it in Mexico, I don’t think you would be able to be cost-competitive with sort of a Colombian-produced solution,” he said.

In April 2020, Clever Leaves announced it would supply Canopy Growth subsidiary Canopy LATAM with cannabis extract that Clever Leaves produced through its Colombia operations.

One grower aside from Clever Leaves who has decided to cultivate in Colombia noted the low production costs in speaking with CBT. Cultivator Flora Growth shared its costs to cultivate flower—6 cents per gram—though that business cultivates its entire crop outdoors.

But there are always challenges exporting cannabinoids, Detwiler said, adding: “Imagine showing up with 10 kilograms of fine white powder coming from Colombia into a country for the first time.”

And, when the United Nations’ (UN) Commission on Narcotic Drugs (CND) voted in December 2020 to remove cannabis from Schedule IV of the 1961 Single Convention on Narcotic Drugs, the CND “opened the door to recognizing the medicinal and therapeutic potential of the drug, although its use for non-medical and non-scientific purposes will continue to remain illegal,” according to a UN webpage.

Still, Detwiler remains optimistic about Latin America. He said he has a history of investing in the region, including while serving as a principal at The Blackstone Group and as a member of Kohlberg, Kravis, Roberts & Co.’s private equity practice.

The cannabinoid journey is under way there, as elsewhere, though he said global demand for minor cannabinoids has yet to really take off.

“I think in the U.S., you are starting to see CBN [cannabinol] products often around a sleep claim that are starting to emerge,” he said. “CBG [cannabigerol], CBGA [cannabigerolic acid] are starting to pop up as—I guess some people are saying [they] kind of [accentuate] the cannabinoids that are otherwise already present. There are a variety of different things that I think we’re really just scratching the surface on.”

However, he said, “In any case, Clever Leaves is currently able to provide high THC, high CBD and balanced products to our clients, and also has the capabilities to develop a customized product in a reasonable period of time for our clients.”

Filed Under: Cannabis News

Agrify Enters Multiyear Vertical Farming Research and Development Partnership With Curaleaf

July 6, 2021 by CBD OIL

A public cannabis company with a strong focus on the international market is stepping into Mexico’s nascent medical cannabis industry.

Clever Leaves, a cultivator, manufacturer and distributor listed on the Nasdaq, announced its entrance into Mexico last month with an active pharmaceutical ingredient (API) supply agreement with CBD Life, beginning with cannabidiol (CBD) isolate.

In 2017, Mexico legalized medical cannabis with tetrahydrocannabinol (THC) concentrations below 1%. But Mexico’s health ministry didn’t pass medical cannabis regulations, including those addressing cultivation and harvesting, until this January. (The country’s supreme court also declared adult-use cannabis prohibition unconstitutional in late June.)

Luisa Conesa, an attorney and cannabis activist, told Reuters of the medical regulations: “[The regulation] is not aimed at patients growing their own cannabis, it is aimed at pharmaceutical companies producing pharmaceutical derivatives of cannabis which are classified as controlled substances that need prescription.”

Some companies aiming to create products can import cannabis plant material, according to the news source.

A June press release from Clever Leaves said the company’s partnership with CBD Life “is Clever Leaves’ first commercial agreement in the Mexican market, and it comes shortly after regulations were fully approved in the country, providing a strategic growth opportunity in one of the world’s largest pharmaceutical markets.”

Speaking with Cannabis Business Times and Hemp Grower, Clever Leaves CEO Kyle Detwiler said he and others at the company see Mexico as a “great demand center for medical cannabis, for other cannabinoid products.”

The opening of the market is allowing Clever Leaves to get in on the ground floor with shipping cannabis product there. “I think an announcement like our first shipment to Mexico is a reminder that—listen, in other geographies, cannabis hasn’t really reached the saturation—both societally as well as regulation-wise—as it has in the U.S.,” Detwiler said. “A lot of these countries are just beginning their cannabinoid journey.”

Photo courtesy of Clever Leaves

Detwiler

Clever Leaves follows in-depth quality procedures to produce the pharmaceutical-grade product the Mexican government requires, Detwiler said, noting the company’s adherence to European Union Good Manufacturing Practices (EU-GMP).

Clever Leaves has about 400 employees, 2 million square feet of greenhouse production and 70 million square feet of expansion potential in Colombia, and more than 100,000 square feet of greenhouse production on 9 million square feet of “agricultural and agro-industrial land” in Portugal, according to U.S. Securities and Exchange Commission (SEC) filings.

“So, we have a smaller operation [in Portugal], but it’s for the production of flower, whereas Colombia’s for the production of extracts right now based on what’s permitted in those two geographies,” Detwiler said.

Simultaneously, Clever Leaves is focused on other operations around the globe, including in the U.S. Its wholly owned subsidiary Herbal Brands, which “manufactures and distributes non-cannabinoid nutraceutical products to more than 15,000 retail locations” across the U.S., per the SEC filings, entered into a partnership with LooperGroup and TruSource Hemp Group in February to import CBD into the U.S.

Detwiler said the goal there is to build upon existing relationships with U.S. retailers to provide them with CBD products, pending greater regulatory clarity in the country.

In Colombia, the company manufactures the CBD isolate that it sells into Mexico, and grows the cannabis from which it derives that isolate.

When asked about future plans for working in the Mexican market, Detwiler said: “Clever Leaves is really out there to be a B2B partner to the industry. I think there’s probably a lot of companies in Mexico thinking through the decision calculus of ‘Hey, wait a minute. Maybe I should go out and build a huge cultivation operation, maybe even a big processing center.’”

However, it could take several years to build out those facilities, become GMP-certified and -compliant—which the Mexican government requires for the entire supply chain—gather stability data and so on, Detwiler said.

“Let me save people the suspense: It’s a pretty low cost to produce our products in Colombia, so even if you could build it in Mexico, I don’t think you would be able to be cost-competitive with sort of a Colombian-produced solution,” he said.

In April 2020, Clever Leaves announced it would supply Canopy Growth subsidiary Canopy LATAM with cannabis extract that Clever Leaves produced through its Colombia operations.

One grower aside from Clever Leaves who has decided to cultivate in Colombia noted the low production costs in speaking with CBT. Cultivator Flora Growth shared its costs to cultivate flower—6 cents per gram—though that business cultivates its entire crop outdoors.

But there are always challenges exporting cannabinoids, Detwiler said, adding: “Imagine showing up with 10 kilograms of fine white powder coming from Colombia into a country for the first time.”

And, when the United Nations’ (UN) Commission on Narcotic Drugs (CND) voted in December 2020 to remove cannabis from Schedule IV of the 1961 Single Convention on Narcotic Drugs, the CND “opened the door to recognizing the medicinal and therapeutic potential of the drug, although its use for non-medical and non-scientific purposes will continue to remain illegal,” according to a UN webpage.

Still, Detwiler remains optimistic about Latin America. He said he has a history of investing in the region, including while serving as a principal at The Blackstone Group and as a member of Kohlberg, Kravis, Roberts & Co.’s private equity practice.

The cannabinoid journey is under way there, as elsewhere, though he said global demand for minor cannabinoids has yet to really take off.

“I think in the U.S., you are starting to see CBN [cannabinol] products often around a sleep claim that are starting to emerge,” he said. “CBG [cannabigerol], CBGA [cannabigerolic acid] are starting to pop up as—I guess some people are saying [they] kind of [accentuate] the cannabinoids that are otherwise already present. There are a variety of different things that I think we’re really just scratching the surface on.”

However, he said, “In any case, Clever Leaves is currently able to provide high THC, high CBD and balanced products to our clients, and also has the capabilities to develop a customized product in a reasonable period of time for our clients.”

Filed Under: Cannabis News

Jonathan Eisenberg, Partner in Tress Capital, Joins Resource Innovation Institute Board of Directors

July 6, 2021 by CBD OIL

A public cannabis company with a strong focus on the international market is stepping into Mexico’s nascent medical cannabis industry.

Clever Leaves, a cultivator, manufacturer and distributor listed on the Nasdaq, announced its entrance into Mexico last month with an active pharmaceutical ingredient (API) supply agreement with CBD Life, beginning with cannabidiol (CBD) isolate.

In 2017, Mexico legalized medical cannabis with tetrahydrocannabinol (THC) concentrations below 1%. But Mexico’s health ministry didn’t pass medical cannabis regulations, including those addressing cultivation and harvesting, until this January. (The country’s supreme court also declared adult-use cannabis prohibition unconstitutional in late June.)

Luisa Conesa, an attorney and cannabis activist, told Reuters of the medical regulations: “[The regulation] is not aimed at patients growing their own cannabis, it is aimed at pharmaceutical companies producing pharmaceutical derivatives of cannabis which are classified as controlled substances that need prescription.”

Some companies aiming to create products can import cannabis plant material, according to the news source.

A June press release from Clever Leaves said the company’s partnership with CBD Life “is Clever Leaves’ first commercial agreement in the Mexican market, and it comes shortly after regulations were fully approved in the country, providing a strategic growth opportunity in one of the world’s largest pharmaceutical markets.”

Speaking with Cannabis Business Times and Hemp Grower, Clever Leaves CEO Kyle Detwiler said he and others at the company see Mexico as a “great demand center for medical cannabis, for other cannabinoid products.”

The opening of the market is allowing Clever Leaves to get in on the ground floor with shipping cannabis product there. “I think an announcement like our first shipment to Mexico is a reminder that—listen, in other geographies, cannabis hasn’t really reached the saturation—both societally as well as regulation-wise—as it has in the U.S.,” Detwiler said. “A lot of these countries are just beginning their cannabinoid journey.”

Photo courtesy of Clever Leaves

Detwiler

Clever Leaves follows in-depth quality procedures to produce the pharmaceutical-grade product the Mexican government requires, Detwiler said, noting the company’s adherence to European Union Good Manufacturing Practices (EU-GMP).

Clever Leaves has about 400 employees, 2 million square feet of greenhouse production and 70 million square feet of expansion potential in Colombia, and more than 100,000 square feet of greenhouse production on 9 million square feet of “agricultural and agro-industrial land” in Portugal, according to U.S. Securities and Exchange Commission (SEC) filings.

“So, we have a smaller operation [in Portugal], but it’s for the production of flower, whereas Colombia’s for the production of extracts right now based on what’s permitted in those two geographies,” Detwiler said.

Simultaneously, Clever Leaves is focused on other operations around the globe, including in the U.S. Its wholly owned subsidiary Herbal Brands, which “manufactures and distributes non-cannabinoid nutraceutical products to more than 15,000 retail locations” across the U.S., per the SEC filings, entered into a partnership with LooperGroup and TruSource Hemp Group in February to import CBD into the U.S.

Detwiler said the goal there is to build upon existing relationships with U.S. retailers to provide them with CBD products, pending greater regulatory clarity in the country.

In Colombia, the company manufactures the CBD isolate that it sells into Mexico, and grows the cannabis from which it derives that isolate.

When asked about future plans for working in the Mexican market, Detwiler said: “Clever Leaves is really out there to be a B2B partner to the industry. I think there’s probably a lot of companies in Mexico thinking through the decision calculus of ‘Hey, wait a minute. Maybe I should go out and build a huge cultivation operation, maybe even a big processing center.’”

However, it could take several years to build out those facilities, become GMP-certified and -compliant—which the Mexican government requires for the entire supply chain—gather stability data and so on, Detwiler said.

“Let me save people the suspense: It’s a pretty low cost to produce our products in Colombia, so even if you could build it in Mexico, I don’t think you would be able to be cost-competitive with sort of a Colombian-produced solution,” he said.

In April 2020, Clever Leaves announced it would supply Canopy Growth subsidiary Canopy LATAM with cannabis extract that Clever Leaves produced through its Colombia operations.

One grower aside from Clever Leaves who has decided to cultivate in Colombia noted the low production costs in speaking with CBT. Cultivator Flora Growth shared its costs to cultivate flower—6 cents per gram—though that business cultivates its entire crop outdoors.

But there are always challenges exporting cannabinoids, Detwiler said, adding: “Imagine showing up with 10 kilograms of fine white powder coming from Colombia into a country for the first time.”

And, when the United Nations’ (UN) Commission on Narcotic Drugs (CND) voted in December 2020 to remove cannabis from Schedule IV of the 1961 Single Convention on Narcotic Drugs, the CND “opened the door to recognizing the medicinal and therapeutic potential of the drug, although its use for non-medical and non-scientific purposes will continue to remain illegal,” according to a UN webpage.

Still, Detwiler remains optimistic about Latin America. He said he has a history of investing in the region, including while serving as a principal at The Blackstone Group and as a member of Kohlberg, Kravis, Roberts & Co.’s private equity practice.

The cannabinoid journey is under way there, as elsewhere, though he said global demand for minor cannabinoids has yet to really take off.

“I think in the U.S., you are starting to see CBN [cannabinol] products often around a sleep claim that are starting to emerge,” he said. “CBG [cannabigerol], CBGA [cannabigerolic acid] are starting to pop up as—I guess some people are saying [they] kind of [accentuate] the cannabinoids that are otherwise already present. There are a variety of different things that I think we’re really just scratching the surface on.”

However, he said, “In any case, Clever Leaves is currently able to provide high THC, high CBD and balanced products to our clients, and also has the capabilities to develop a customized product in a reasonable period of time for our clients.”

Filed Under: Cannabis News

Best Selling CBD Products: Vapes vs. Gummies vs. Topicals

July 4, 2021 by CBD OIL

Projections of Statista estimate that cannabidiol (CBD) sales will grow to $ 1.8 billion by 2022, up from just under $ 0.5 billion in 2018. If you’re an investor looking to weather this wave, here’s a breakdown of the top CBD products made from the Shelves have flown.

CBD gummies

CBD gummies remain an all-time favorite for busy mothers who want to incorporate delicious CBD treats into their everyday lives. Gummies are available in sizeable doses such as 5 mg, 10 mg, and 20 mg, which make dosing easier. They don’t require any special skills or tools to consume. All you have to do is toss a gummy bear or two in your mouth and wash it down with your favorite beverage. Compared to capsules, gummy bears come in brightly colored and delicious variants and are therefore more attractive. If you need to offer kids CBD, gummy bears are the way to go. It’s no surprise that they are among the top-selling CBD products.

Some of the best-selling CBD gums on the market include the Lord Jones gummy candies, which have lemon and strawberry flavors and contain 20 mg of broad spectrum CBD.

CBD vapes

Vaping is a pretty nifty way of consuming CBD. Manufacturers have worked hard to grab the attention of the younger population by making cheeky vaporizers in a variety of flavors. Like e-cigarettes, vaporizers deliver CBD to the lungs quickly; Blood peaks occur after about 10 minutes and the effects can last for up to 3 hours. This makes vaping an ideal way to relieve anxiety in high pressure situations.

The safety of CBD vapes was approved in 2019 following the Steam crisis. This, of course, affected sales of CBD vapes. However, there was a rebound in sales following analytical reports that the steam crisis was due to contamination with vitamin A acetate. Manufacturers who can determine the safety of the CBD vapes can continue to enjoy dominance in the market. Some of the most popular CBD vapes on the market are the artisanal CBD vape pens from Secret Nature and the exquisite vape pens from Funky Farms.

subjects

This is a highly diversified product category that has taken the skin care market by storm. Skin care manufacturers are rushing to add CBD to their product repertoire for its purported skin benefits. The best-selling CBD skin care products containing CBD include bath bombs, lotions, creams, ointments, and patches, among others. Topicals are applied directly to the skin and are easily absorbed by the numerous endocannabinoid receptors located there. They have wide appeal because they are effective in fighting skin diseases.

What’s in the future?

We expect product inventions and diversification in the CBD sector. The fierce competition in the market will force manufacturers to be more resourceful when it comes to product development. It will be interesting to see how this space evolves in 2021 and 2022 as we get closer to the $ 1.8 billion mark.

Image source

https://pixabay.com/id/vectors/best-seller-penjual-cap-merah-158885/

Filed Under: CBD Health

Dangerous Heat Is a Reminder of Our Shared Community Inside and Outside the Business: Week in Review

July 3, 2021 by CBD OIL

The Olympic dream for American sprinter Sha’Carri Richardson has been crushed by cannabis.

The 5-foot-1 track and field star rose to fame in 2019 as a freshman at Louisiana State University, where she clocked 10.75 seconds in the 100-meter dash to break the NCAA record.

On June 19, Richardson won the 100 meters during the U.S. Olympic Trials in Eugene, Ore., where the 21-year-old stopped the watch at 10.86 seconds to punch her ticket to the Tokyo Olympics that are scheduled to begin July 23. That’s the exact same time it took to land a top-three podium spot during the 2016 Olympics in Rio de Janeiro. Richardson’s personal best of 10.72 seconds is the fastest time in the world this year.

But Richardson’s Tokyo aspirations were halted July 1, when it became public she tested positive for tetrahydrocannabinol (THC), the main psychoactive component found in cannabis, from a urinary sample collected during the team trials, as first reported by Jamaica Gleaner.

Since Jan. 1, 2021, cannabis has been classified as a “Substance of Abuse” by the World Anti-Doping Agency and currently carries a maximum four-year ban. However, the U.S. Anti-Doping Agency (USADA) said in a statement July 2 that Richardson accepted a one-month suspension—as permitted under the applicable international rules.

“The rules are clear, but this is heartbreaking on many levels,” USADA CEO Travis T. Tygart said. “Hopefully, her acceptance of responsibility and apology will be an important example to us all that we can successfully overcome our regrettable decisions, despite the costly consequences of this one to her.”

According to the USADA, the 2021 World Anti-Doping Code newly classifies THC as a Substance of Abuse because it is frequently used in society outside the context of sport. Should an athlete who tests positive for a Substance of Abuse establish his or her use of the substance occurred out of competition and was unrelated to sports performance, the athlete would receive a three-month sanction. However, if the athlete satisfactorily completes a Substance of Abuse treatment program approved by USADA, the sanction may be further reduced to one month.

NBC Sports Group 

Sprinter Sha’Carri Richardson embraces her grandmother following her victory in the 100-meter dash during the U.S. Olympic Trials for track and field June 19 in Eugene, Ore.

On the Today show July 2, Richardson said she consumed cannabis after learning her biological mother died just before the trials. As shown on NBC television during the trials, she hugged her grandmother in a post-victory embrace following the 100-meter finals.

“My family has kept me grounded. This year has been crazy for me going from just last week losing my biological mother, and I’m still here,” Richardson said during an interview shortly after. “My biological mother passed away, and [I’m] still choosing to pursue my dreams, still coming out here, still making sure to make the family that I do still have on this earth proud.”

While Richardson is disqualified from her U.S. Trials victory, and therefore forfeits her automatic qualification to Tokyo in the 100 meters, her 30-day suspension ends July 27. That opens the door for her to possibly compete on the U.S. women’s relay team races, including the 4×100 relay scheduled for Aug. 5-6.

Beyond the one-month sanction, athlete eligibility for the Tokyo Games is determined by the U.S. Olympic and Paralympic Committee and the USA Track and Field eligibility rules.

“Right now, I’m just putting all of my time and energy into dealing with what I need to do, which is heal myself,” Richardson said during her Today show interview. “So, if I’m allowed to receive that blessing, then I’m grateful for it, but if not, right now I’m going to just focus on myself.”

In a July 1 tweet, Richardson said, “I am human.”

Richardson’s sponsor, Nike, released a public statement July 2 saying it would stand by her: “We appreciate Sha’Carri’s honesty and accountability and will continue to support her through this time.”

Filed Under: Cannabis News

U.S. Trials Champion Sprinter Sha’Carri Richardson Tests Positive for Cannabis

July 2, 2021 by CBD OIL

The Olympic dream for American sprinter Sha’Carri Richardson has been crushed by cannabis.

The 5-foot-1 track and field star rose to fame in 2019 as a freshman at Louisiana State University, where she clocked 10.75 seconds in the 100-meter dash to break the NCAA record.

On June 19, Richardson won the 100 meters during the U.S. Olympic Trials in Eugene, Ore., where the 21-year-old stopped the watch at 10.86 seconds to punch her ticket to the Tokyo Olympics that are scheduled to begin July 23. That’s the exact same time it took to land a top-three podium spot during the 2016 Olympics in Rio de Janeiro. Richardson’s personal best of 10.72 seconds is the fastest time in the world this year.

But Richardson’s Tokyo aspirations were halted July 1, when it became public she tested positive for tetrahydrocannabinol (THC), the main psychoactive component found in cannabis, from a urinary sample collected during the team trials, as first reported by Jamaica Gleaner.

Since Jan. 1, 2021, cannabis has been classified as a “Substance of Abuse” by the World Anti-Doping Agency and currently carries a maximum four-year ban. However, the U.S. Anti-Doping Agency (USADA) said in a statement July 2 that Richardson accepted a one-month suspension—as permitted under the applicable international rules.

“The rules are clear, but this is heartbreaking on many levels,” USADA CEO Travis T. Tygart said. “Hopefully, her acceptance of responsibility and apology will be an important example to us all that we can successfully overcome our regrettable decisions, despite the costly consequences of this one to her.”

According to the USADA, the 2021 World Anti-Doping Code newly classifies THC as a Substance of Abuse because it is frequently used in society outside the context of sport. Should an athlete who tests positive for a Substance of Abuse establish his or her use of the substance occurred out of competition and was unrelated to sports performance, the athlete would receive a three-month sanction. However, if the athlete satisfactorily completes a Substance of Abuse treatment program approved by USADA, the sanction may be further reduced to one month.

NBC Sports Group 

Sprinter Sha’Carri Richardson embraces her grandmother following her victory in the 100-meter dash during the U.S. Olympic Trials for track and field June 19 in Eugene, Ore.

On the Today show July 2, Richardson said she consumed cannabis after learning her biological mother died just before the trials. As shown on NBC television during the trials, she hugged her grandmother in a post-victory embrace following the 100-meter finals.

“My family has kept me grounded. This year has been crazy for me going from just last week losing my biological mother, and I’m still here,” Richardson said during an interview shortly after. “My biological mother passed away, and [I’m] still choosing to pursue my dreams, still coming out here, still making sure to make the family that I do still have on this earth proud.”

While Richardson is disqualified from her U.S. Trials victory, and therefore forfeits her automatic qualification to Tokyo in the 100 meters, her 30-day suspension ends July 27. That opens the door for her to possibly compete on the U.S. women’s relay team races, including the 4×100 relay scheduled for Aug. 5-6.

Beyond the one-month sanction, athlete eligibility for the Tokyo Games is determined by the U.S. Olympic and Paralympic Committee and the USA Track and Field eligibility rules.

“Right now, I’m just putting all of my time and energy into dealing with what I need to do, which is heal myself,” Richardson said during her Today show interview. “So, if I’m allowed to receive that blessing, then I’m grateful for it, but if not, right now I’m going to just focus on myself.”

In a July 1 tweet, Richardson said, “I am human.”

Richardson’s sponsor, Nike, released a public statement July 2 saying it would stand by her: “We appreciate Sha’Carri’s honesty and accountability and will continue to support her through this time.”

Filed Under: Cannabis News

The Hawthorne Gardening Company Announces Exclusive Partnership Between Max-Fan and Industry-Leading Fan Manufacturer Ruck Ventilatoren GmbH

July 2, 2021 by CBD OIL

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PORT WASHINGTON, New York, July 1, 2021 – PRESS RELEASE – The Hawthorne Gardening Company, a house of brands that provides an array of tools for a multitude of gardening needs to help people live happier, healthier lives through gardening, announced a 5-year exclusive partnership between owned brand Max-Fan and German-based fan manufacturer Ruck Ventilatoren. The agreement is the latest in Hawthorne’s landmark efforts to join forces with leaders in the indoor cultivation industry, and will enhance product availability and innovation for growers of all kinds.

As a pioneer in indoor air filtration products, Max-Fan has worked with Ruck for more than 10 years. Together, the companies have engineered fans and filters designed to help encourage plant growth and help keep indoor facilities compliant with environmental impact regulations. This new exclusive partnership marks a significant milestone in the two brands’ relationship by empowering Hawthorne and Max-Fan to meet the skyrocketing demands of the indoor cultivation industry with high-quality, custom-designed products more quickly and consistently than ever.

“Max-Fan and Ruck are truly better together. Hawthorne is continuously forming elite partnerships to bring the best fans and filters to the North American market, and Ruck is no exception. We’re ready to push the limits of innovation,” said John Feather, manager, Max-Fan and Can-Filters at The Hawthorne Gardening Company. 

 

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Filed Under: Cannabis News

North Carolina Senate Committee Passes Medical Cannabis Bill

July 2, 2021 by CBD OIL

North Carolina took a step toward medical cannabis legalization Wednesday when lawmakers advanced legislation through committee to permit the sale of cannabis and cannabis-infused products to patients with “debilitating medical conditions.”

Some of the qualifying conditions written in the bill include cancer, epilepsy, Crohn’s disease, Parkinson’s disease, HIV, AIDS, post-traumatic stress disorder (PTSD) and more. 

The legislation would establish the regulatory framework for the manufacturing, licensing, distribution and cultivation of medical cannabis in the state.

If passed, a Medical Cannabis Production Commission would issue 10 supplier licenses. The legislation would also reduce the maximum number of medical cannabis centers per supplier from eight to four and would require suppliers to pay the state 10% of the gross revenue derived from cannabis and cannabis-infused products, The Associated Press reported.

The legislation was adopted in a voice vote by Senate Judiciary Committee members, according to the AP, as the majority agreed that cannabis should be offered legally to help alleviate symptoms like pain and nausea caused by severe illnesses and diseases.

Republican Sen. Bill Rabon, bill sponsor and cancer survivor, said the bill had moved him because of his personal experience. “At times, it has been difficult for me to talk to some people about that,” Rabon told the committee. “But I will say again that the time has come that this needs to be discussed, and we need to compassionately care for our fellow man in any way that we can.”

In the first hearing on the bill last week, military veterans expressed their support for the measure stating that cannabis helped alleviate PTSD symptoms. Others criticized the bill for being too narrowly drawn, the AP reported.

Chris Suttle, a cannabis legalization activist, told the committee that he used cannabis when he was suffering from a brain tumor to help alleviate symptoms like swelling in his brain, according to WRAL-TV; however, he said he doesn’t believe the bill would have covered his illness at the time because the tumor could not immediately be identified as cancerous.

“You call this the Compassionate Care Act. I call this an insult,” Suttle said. “The number of dispensaries that you are offering is ridiculous for a state that has 100 counties. The extra regulations that you are putting on this are not fair to those that have been hurt the worst by the war on drugs.”

Conservatives argued against the legislation saying it would lead to an increase in recreational use and that the effectiveness of cannabis use for medical illnesses remains uncertain, according to the AP.

Rev. Mark Creech, executive director of the Christian Action League of North Carolina, argued that “smoked marijuana is not medicine.”

Republican Sen. Kathy Harrington said that she would not have supported this bill six months ago; however, her mind has changed once her husband was diagnosed with multiple myeloma and has been going through cancer treatments. “I believe we’ve already had some moments in our lives where this type of medication would have assisted,” she said.

Although the measure cleared its first hurdle, it still has to pass through at least three additional panels before making it to the Senate floor. If passed, it would then head to the House of Representatives for consideration.

Filed Under: Cannabis News

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