Market info

US: Decline in banks working with cannabis businesses has ‘leveled off’

The number of banks and credit unions that report servicing cannabis businesses seems to be stabilizing, according to new federal data. For three quarters in a row, those numbers were consistently declining—due partly to revised reporting requirements from the Financial Crimes Enforcement Network…

Supply chain constraints underscore importance of reliable growing media

As ongoing supply chain constraints continue to make raw materials such as coir, perlite and peat harder to obtain, growers and blenders interested in finding a readily available growing media can turn to HydraFiber, an engineered wood fiber substrate designed to improve consistency, porosity and water…

US: "Cannabis business safer if they could pay taxes electronically"

The head of the Internal Revenue Service (IRS) told Congress this week that the federal agency would “prefer” for state-legal marijuana businesses to be able to pay taxes electronically, as the current largely cash-based system under federal cannabis prohibition is onerous and presents risks to workers.…

AU: Hemp growers want more consumer awareness amid slow growth

More awareness of hemp foods and their nutritional value are needed to help South Australia's budding industry blossom, growers and processors say. Farmers across the state are expecting to their biggest yield yet after the cultivation of the crop was legalised in 2017. But some doubt the the state…

Four companies enter into joint venture Hortilogics

"The market needs logistics specialists that offer integrated solutions on a turnkey basis"

Four companies have set up a joint venture for the data-driven automation of internal logistics for greenhouses and packing centers within the international greenhouse horticulture sector. Hortilogics aims to unburden growers, producers, packers, investors and greenhouse builders completely in this area.…

NY State cannabinoid program now accepting license applications

Governor Andrew Cuomo today announced that the New York State Department of Health is now accepting applications from businesses seeking to operate as cannabinoid hemp processors, retailers or distributors. The applications are available on the Cannabinoid Hemp Program's webpage here. In October,…

Pittsfield bans future outdoor commercial cannabis cultivation

The largest community in Berkshire County has outlawed all future outdoor cannabis cultivation following a city council vote this week. While Pittsfield, Massachusetts has two active commercial grow operations, no more will be allowed after a 10-1 vote Tuesday night. City Planner CJ Hoss explained why…

Matt Szucs general manager new Plantech West venue

"We've become a local area supplier for Leamington, Kingsville & Chatham-Kent region"

Recently, in an effort to respond to the dynamic and growing market in the Leamington/Kingsville/Chatham-Kent area, Plantech Control Systems Inc, owned by Richard Hiebendaal and Rob Brinkert, joined forces with JM Controls and Electric, owned by Jeff McFadden, in developing Plantech West, a new venture…

Photo by DanCann

DanCann Pharma gets exclusive distribution of cannabis products in Scandinavia and Germany

DanCann Pharma is pleased to announce the signing of a Letter of Intent with Canadian Tetra Bio-Pharma Inc. concerning the exclusive distribution of the cannabinoid-based medicines Reduvo™ Adversa® and Qixleef™ in Denmark, Norway, Sweden, Finland, and Germany. Pursuant to registration with the European…

US (MA): Holyoke becoming a hub for the cannabis industry

Cannabis is expected to be an economic driver for Holyoke, with several large-scale growing and retail operations slated for 2021 and beyond. Holyoke’s open-arms approach to the industry has attracted interest from investors drawn to the low utility rates and former mills ripe for conversion. The state…

Is New Zealand’s medical cannabis market in trouble?

According to a report published in NZ Herald, New Zealand could lose three of its five largest medical cannabis importers due to a change in government policy. Experts believe…

Germany imported 3,264 kg of MMJ in Q4 2020

Imports of medical cannabis flower into Germany hit record highs in Q4 of 2020, closing the year with a 37% year-on-year growth according to data from the Federal Institute for Drugs and Medical Devices (BfArM). However, the year-on-year growth in imports is clearly beginning to settle. Germany imported…

US (DE): Additional cannabis compassion centers to open

With an increased demand for medical marijuana during the COVID-19 pandemic, additional compassion centers are set to open throughout the state in the coming months. “The addition of these vendors increases access points to patients as the program continues to expand,” Delaware Office of Medical…

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US Shelby Township sets new medical cannabis ordinances

Shelby Township has put in place a new set of ordinances in hopes to better regulate how cannabis grow operations and caregivers operate within the township. When medical cannabis became legal, Shelby Township began receiving many resident complaints about odor, noise, power outages and fires. Last…

US (NY): Report suggests cannabis industry could bring billions to New York

New York could create up to 50,800 jobs and rake in billions in new business activity in the coming years if recreational cannabis is legalized this year, according to a new economic analysis. A report released Wednesday by James Parrott of the Center of NYC Affairs at The New School and economist…

New commercial insurance for cannabis and hemp businesses available

SafeHerb introduces a new commercial insurance product that will provide a full suite of insurance protection for the cannabis and hemp industries. SafeHerb's Cannabis & Hemp…

Winter is coming: preparing the deck cleaner

With more than 30 years of experience and almost 1000 installations worldwide, they know how and what to do at Besseling Techniek. The machines are used year-round, to clean for more light output or to coat for additional protection. Machines always need their maintenance, but with a cold winter on the…

Nick Boelen, international sales director Agrolux

"Competition in the market is necessary and makes us better and smarter"

For Agrolux, the market for assimilation lights in horticulture offers tremendous growth opportunities. To expand its leadership team and drive further growth, Agrolux has therefore recently appointed Nick Boelen as its new international sales director. Shift toward LED lighting"Agrolux plans to grow…

US (OK): MMJ business is booming trying to keep up with demand

Cannabis is consuming the Sooner State as it appears Oklahomans can't get enough of the stuff. Hundreds of thousands hold medical cannabis cards, and business is booming trying to keep up with demand. "I had no idea," OK4U Approved Executive Director Chip Paul said. OK4U Approved is an organization that…

"Italy needs about 2 tons of medical cannabis per year. In 2019, only 850kg were distributed"

Italy is unable to meet the need for medical cannabis thanks to old regulations that do not change due to political will, stated Alessandro Pastorino, CEO of Fl Group. This is a company based in Savona (one of the six in Italy that distribute medical cannabis, with a turnover of over one million euros),…

US (NY): Small hemp growers feel the pinch of regulations

Jeanette Miller says she's one of hundreds of farmers who were encouraged to devote acreage to an up-and-coming crop that held promise, but is now watching it all slip away. Miller, who operates Eclectic Farmstead on McKee Road in Newfane, said farmers spent upward of $50,000 to cover costs associated…

US (CA): Cannabis farms expanding in Valley

The landscape of commercial cannabis operations in Sonoma County took a step toward simplicity late Sunday night, with the release of a preliminary draft of a new Sonoma County Commercial Cannabis Cultivation ordinance. The new ordinance, intended to manage cultivation in agricultural and resource areas…

Quality hemp seeds are essential to profitability

Quality seed is an essential part of any production system. Yields, disease and pest resistance, drought resistance, and stand uniformity are just a few of the many value traits targeted in crop seed development. Hemp will undergo considerable transformation over the coming decade as competent…

US (MI): Michigan’s cannabis industry leaves people of color behind

The first year of state-licensed recreational cannabis sales in Michigan saw $511 million of sales in recreational and $474 million in medical sales, generating over $100 million in tax revenue, but the state also found that the commercial cannabis industry drastically failed to attract minority business…

US: Cannabis hiring resumes, but not for executives positions

After pandemic-related cuts, cannabis hiring is expected to resume in the latter part of 2020 -- except at the executive level. Industry recruiting platform Vangst surveyed 39 U.S. companies about their hiring intentions this year and found that 36 per cent reduced headcount while another 33 per cent…

US (FL): 23,000 acres approved for cultivation as Florida hemp industry begins to take root

 Since hemp was approved for hemp cultivation in mid-2019, 729 Florida farmers have been approved to grow the crop. Despite challenges posed in 2020, the industry is beginning to bloom. The Department of Agriculture’s Cannabis Director Holly Bell told Senators all but one of Florida’s 67 counties have farmers…

US (TX): Texas 'hempire' set to grow as USDA publishes final hemp production rules

Texas Agriculture Commissioner Sid Miller says he’s pleased with the approval of federal rules for the industrial hemp program. “This industry is booming and needs the certainty that comes with finalizing these guidelines,” Miller said. “While hemp growers might not have gotten everything they wanted, I…

US (AZ): Growers adjust to new demand, expecting 5x more production

It's been just days since recreational marijuana began being sold at Arizona dispensaries, making Arizona one of only 15 states to legalize marijuana. While this is a huge boom for the cannabis cultivation companies in Arizona like Columbia Care, they now have to change the way they operate to try to…

CAN: More than one billion grams of legal cannabis remains unsold

There's a billion grams of cannabis stuck in vaults across Canada. The billion dollar question now is: What do you do with all that legal pot?  Health Canada released industry-wide cannabis data for October earlier this week showing that about 1.1 million kilograms of cannabis are being stockpiled by producers…

US (OK): Oklahoma MMJ market has low entry barrier, yet puts pressure on it

Oklahoma has what many consider to be the only free-enterprise medical cannabis industry in the U.S., with cheap startup fees, no cap on medical cannabis business licenses and few limits on who can get a patient card. But this low barrier to entry could lead to an oversaturated market where cannabis…

Italy’s cannabis industry could rival the legal market in the US

Italy’s underground economy, according to official estimates, is the size of Portugal’s entire GDP. A staggering 211 billion euros, roughly 12% of Bel Paese’s economy; in 2014, it peaked at 14%. According to Sole24Ore, a properly functioning legal Italian cannabis market can be worth 30 billion euros by…

New year, new Dutch office for Paskal located in Central Europe

The start of a new year this year also meant the start of a new chapter for Paskal Nederland BV for Central Europe. The innovative producer of (covered) horticulture or greenhouse solutions was slowly but surely outgrowing their office and wanted to settle in a more central location. They succeeded:…

US (IL): State sitting on $62M in cannabis revenue meant to help minority business participation

Despite promises that cannabis legalization in Illinois would fund more minority business participation and neighborhood improvements, the state has yet to spend $62 million collected for those purposes. Part of the delay in awarding the money is due to problems with the state’s system to award new…

US (IN): Untrustworthy hemp seed suppliers pose risk to farmers

The Office of Indiana State Chemist (OISC) is warning the public about predatory hemp seed vendors known to be currently active in the state. This year marks the first time hemp will be grown in Indiana as a commercial crop, not a research crop, said Donald Robison, OISC seed administrator. That means…

US: US Census Bureau to collect cannabis tax revenue data from states

The U.S. Census Bureau has announced that it plans to begin collecting data on cannabis tax revenue generated by state governments around the country. The federal agency…

Mark Passerini, Executive Vice President of Operation of Mission Dispensaries

“Across all of our facilities, we get the same amount of flowers both in terms of quality and quantity"

The old saying goes that a good start is half the work. As with every saying, it could be applied to anything, but it is especially relevant when it comes to new endeavors, just like the cannabis industry. Most companies have no previous expertise to rely on. This can be clearly seen in the challenges…

US (CO): November cannabis sales push Colorado's industry to $2 billion

Colorado cannabis sales in November pushed the industry’s annual revenue to $2 billion for the first time. In November, dispensaries sold $175.1 million worth of products,…

US (MI): Investments could boost Michigan's hemp industry

The U.S. state of Michigan can be a hemp powerhouse if the sector can attract sufficient investment, the state’s hemp trade association says. With a wide range of Michigan…

US (NV): After strong start, hemp growing trying to find footing

After immense growth in 2019, Nevada’s hemp industry is still searching for its footing amid the fallout from a change in federal law. The number of certified growers in Nevada was cut nearly in half from 2019 to 2020, from 216 to 116, and the acreage of planted hemp fell by nearly 68 percent, down to…

The cannabis industry in 2021: prospects and predictions

The year just passed will surely not go down in history as one of the best for humankind. The Coronavirus has posed many challenges to global health and economics, also showing how these two can be closely intertwined. The cannabis industry represents one of those sectors that indeed combines those two,…

US (PA): Old-fashioned profiteering and supply limits increase state's MMJ prices

Surveys show that the Keystone State has some of the highest prices for medical cannabis in the nation. Cannabis is most often sold in eighths of an ounce, which can be rolled into about seven joints. An eighth of Gorilla Glue 4 marijuana sells for $35 in California. It’s $40 in Maine. It costs $58 in…

US (ME): Growers lose hope – and money – in race to build Maine’s hemp market

Hemp was supposed to be the next big thing for Maine farmers, an easy-to-grow cash crop capable of fetching as much as $250,000 an acre when sold for CBD, the non-psychedelic derivative of cannabis that can now be found in almost every prominent wellness product line in the world. But after three years…


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