Results for: Cannabis

Pakistan’s Senate has passed the Cannabis Control and Regulatory Authority Bill, 2024, paving the way for the legal cultivation and production of cannabis for medical and industrial purposes. The bill aims to generate revenue and regulate the industry while ensuring public health. The Cannabis Control and Regulatory Authority (CCRA) will be responsible for issuing licenses and overseeing cultivation, with the Ministry of Defense playing a key role due to the historical cultivation of cannabis in the FATA region.

Taranvir “Tank” Vander, President of SNDL’s Liquor Division, is stepping down after a long career in the liquor industry. Vander, who began his career as a liquor store manager in the early 2000s, is retiring to pursue new opportunities. Navroop Sandhawalia will take over as interim president while the company searches for a permanent replacement. Meanwhile, SNDL’s stock performance mirrored the overall Canadian cannabis market, with slight fluctuations throughout the trading day.

The cannabis edibles market is exploding, with gummies taking the lead. Wyld, Incredibles, Wana, and Kiva-Camino are the top contenders, capturing a significant share of the market. Consumer loyalty is high, with 45% consistently purchasing the same brand. Word-of-mouth recommendations also play a vital role in driving consumer choices. This booming industry, estimated at $2.2 billion, is attracting numerous brands eager to capitalize on the growing demand for edibles.

This article explores the innovative cultivation practices employed by OG Yields in Missouri, showcasing how director Robert Hoover balances cutting-edge technology with traditional methods to achieve high-quality cannabis while minimizing environmental impact.

Decibel Cannabis Company Inc. (DB, DBCCF) has reported exceeding expectations with its new flower strategy. The company’s QWEST brand, re-launched in July with a focus on affordable quality, has seen a significant increase in demand, both domestically and internationally. Despite recent sales declines, Decibel is making strategic moves to improve operational efficiency and achieve a free cash flow run rate of $10 million per year.

A recent study published in Cannabis and Cannabinoid Research suggests that marijuana users may experience better outcomes when battling COVID-19, including lower rates of severe infection and death. The study, conducted by Northwell Health, analyzed data from the National Inpatient Sample Database and found that cannabis users had a significantly lower mortality rate and shorter hospital stays compared to non-users. While the study offers promising findings, experts emphasize the need for further research to fully understand the complex relationship between cannabis and COVID-19.

Cresco Labs, a leading multi-state operator (MSO) in the U.S. cannabis market, is attracting attention from analysts despite its discounted valuation compared to peers. Zuanic & Associates sees significant upside potential driven by regulatory changes and the company’s strong financial performance. Cresco’s strategic positioning in key states like Ohio, Florida, and Pennsylvania, coupled with its robust financial health, makes it an attractive investment prospect.

A new poll reveals a significant shift in Texan attitudes towards marijuana, with a majority favoring decriminalization. The poll, conducted by the University of Texas/Texas Politics Project, found that 68% of Texans, including a majority of Republicans, support reducing penalties for cannabis possession or use to a citation and fine. This trend mirrors a growing movement across the state, with several cities adopting decriminalization policies and activists pushing for ballot measures.

Copperstate Farms, located in Snowflake, Arizona, stands out as one of North America’s largest cannabis greenhouses, boasting an impressive 1.7 million square feet. However, what truly sets this operation apart is its remarkable blend of efficiency and environmental consciousness. Tim Nolan, the chief operating officer, emphasizes the facility’s commitment to sustainable practices, ensuring that growth meets demand without compromising the environment.

The Beach Samui, a luxury resort in Thailand, has partnered with KANHA to offer Asia’s first licensed cannabis-infused wellness therapies. Guests can now enjoy a range of immersive treatments, including bathing rituals, sound healing, infused cuisine, and guided meditation, all designed to promote holistic well-being.