Market info

US (OR): Less acres of hemp in 2020

Oregon’s hemp growers are apparently retrenching in 2020 after the crop’s explosive expansion last year left many bitterly disappointed with their financial results. Roughly 6,300 acres of hemp were registered for planting during the first quarter of 2020, down more than 75% from the 25,400 acres…

US (CO): Cannabis businesses can remain open, yet they struggle

As the coronavirus fueled changes in regulation for Colorado’s cannabis industry, leaders at LivWell Enlightened Health knew they needed to make dramatic moves to keep the business and its workers thriving. And fast. On March 30, 18 company executives and department heads agreed to suspend their…

Levin Amweg, Cannerald

"The business halted for a couple of weeks, at the beginning of the crisis"

The global economy has been dealt a major blow by the Corona crisis. The cannabis industry has been affected as well. However, initially it seemed as if this sector has been slightly escaping that in the US and Canada. Indeed, many states have deemed cannabis businesses as essential, so that they could…

Solidarity and resourcefulness against the coronavirus

Greenhouse plastics are used as hospital gowns

Many sectors donated some of their resources to help the health professionals of the province of Cadiz, who lacked personal protective equipment against the coronavirus as the…

Cannabis companies facing hard time as pandemic halts financing

The cannabis bankruptcy filings are starting to roll in. Already plagued by a tough regulatory environment, disappointing sales and capital markets that had closed to all but the strongest companies, the industry is now facing a pandemic-related collapse in stock markets and ever-shrinking financing…

African countries exporting cannabis to Europe and America

African governments, in recent times, are considering ways of tapping into the lucrative cannabis market by exporting it to Europe and the Americas. According to a UN survey, more than 10,000 tons of cannabis are produced in Africa each year, which is worth billions of dollars. The market worth of legal…

US: MMJ sales jump amid Corona crisis

As Covid-19 began to clobber the U.S. in February, sales of medical cannabis jumped at Trulieve Cannabis. The Florida-based chain sold 50% more smokable stuff in the month’s…

Discussing labor shortage with Brian Chaplin, Medicine Box

"The cannabis plant should be a shareholder"

One of the most pressing issues of the cannabis industry, especially during this trying time, is the labor shortage. Brian Martello Chaplin is founder and Chief Brand Officer of Medicine Box, where they develop "mindful medicine through the wisdom of cannabis," he says. In order to explain where this…

Seasonal workers arrive in Canada

The following updates from OFVGA and FARMS provide clarity around worker isolation, pay, and an update on arrivals. Please be aware that Ontario’s Ministry of Health released…

CAN: Why Canadian cannabis industry took a hit before the Corona crisis

The gains cannabis companies were banking on in the lead-up to legalization of recreational sales in October 2018 have not materialized. So, what went sideways? In February,…

Lego Greenhouse set & working out in the greenhouse

Yesterday was a peculiar day in the horticultural world....

A remarkable collaboration was launched yesterday. The famous toy company launched a special Greenhouse Series, in collaboration with horticultural supplier Dramm. And there was more news that brightened up the day. A navigation system for bumblebees and gym stuff to be used in the greenhouse. LEGO…

Analysts say COVID-19 related cannabis sales bump appears to be shortlived

Inventory data from the Ontario Cannabis Store's online store shows that the sales bump seen earlier in the month may have trailed off after taking stock over the past…

Coco production under pressure due to COVID-19 outbreak

With lockdowns in both Sri Lanka and India and disturbed transport chains, the supply of coco substrates is under pressure. Jack van Batenburg with Shakti Cocos explains how the company tries to take care of their production and their people.  Sri Lanka and India are Shakti Cocos' main production regions for…

Lebanon looks to capitalize on cannabis industry

The Lebanese government is looking to cannabis cultivation for medicinal and industrial purposes to improve the country's economic situation. Lebanon is the third most…

Greenhouse suppliers fear effects COVID outbreak are yet to come

In the beginning, horticultural suppliers replied in a quite down-to-earth manner to the corona problems, but now horticultural problems start to slow down, and continuing to work gets harder. The real hard months are yet to come, though, fears Annie van de Riet with AVAG and Eric Egberts with Dutch…

DE: Are prices going to fall on domestically grown cannabis?

With the world in lockdown and the race for “The Vaccine” if not “The Cure” what does this bode for cannabis pricing and availability in Europe, and specifically Germany? For now, pharmacies are absolutely in lockdown, preventive medicine mode. But there is hope on the horizon. A new tender bid for a…

US (FL): Record breaking sales during Corona crisis

Over the last week, medicinal cannabis sales in Florida increased by nearly 40%, which accounted for approximately 2,274 pounds of raw cannabis biomass sold. This is highly encouraging news for investors, as it indicates that some areas of the cannabis industry may potentially be recession proof—in the…

Kyle Moffitt, STEM Cultivation

"COVID-outbreak urges us to perfect future of supply chain"

Now that the Coronavirus pandemic is threatening the stability of supply chains, some have started to wonder how they actually work in the grand scheme of things. “People are going to become supply chain experts when they are going to find something is missing in the shops,” says Kyle Moffitt with STEM…

US: House passes third coronavirus relief bill

The House passed the Coronavirus Aid, Relief, and Economic Security Act, the third piece of legislation to respond to the coronavirus pandemic.                                            The legislation follows H.R. 6201, the Families First Coronavirus Response Act, enacted on March 18, and H.R. 6074, the Coronavirus Preparedness and Response Supplemental Appropriations Act enacted on March 6. “The American people are depending on the government to provide every resource necessary for a strong federal, state, and local response to the coronavirus pandemic,” said House Appropriations Committee Chairwoman Nita…

US: Study shows there is no difference between medical and recreational cannabis

With an increasing number of states in the US deeming cannabis businesses as essential, the distinction between medical and recreational is becoming more clear, as in states like Illinois or Massachusetts, medical cannabis stores remained open, while the recreational one were closed. According to a…

More financial relief for Canadians

Prime Minister Justin Trudeau announced on Wednesday that the House of Commons has passed an emergency bill, which is now before the Senate, for the government’s COVID-19…

Ontario enabling financial relief for businesses

The Ontario Government is enabling $1.9 billion in relief for employers to reduce the financial strain on business brought on by COVID-19. The measure, which will run through…

"Prevention is better than cure"

An apple a day, keeps the doctor away, goes the popular proverb. The wisdom behind prevention is better than cure has been around for a long time and suggests that we need to be more proactive than reactive in our daily diet. by Daniel Than This is no different in horticulture. We see this principle being used in Integrated Pest…

North Macedonia waiting to become a 'cannabis superpower'

In a desolate industrial zone of this capital city, a cannabis grow house is under construction that, when finished, will span 178,000 square feet, about the size of a Walmart superstore. At full capacity, 17 tons of marijuana a year, worth about $50 million, will be harvested. Among the planned…

ZA: Entrepreneurs to capitalise on budding cannabis industry

With deregulation glinting globally, the cannabis market is expected to explode. New Frontier Data's Global Cannabis Report: 2019 Industry Outlook estimates that there are around 263 million legal users of cannabis and cannabis-related products worldwide. Africa is home to 83 million of these. The report…

market recovers rapidly after COVID-19 shutdown

"We've seen the other side of this"

“We’ve seen the other side of this”, says Israel Holby with Plantlogic, when asked about his thoughts on the effects of COVID-19 on the fresh produce market. The company makes containers for soft fruit production in substrate. The manufacturing of these materials is done in-house in China, and after the…

the coronavirus and the glasshouse industry

"We can build on hygiene procedures, now focussing on staff health"

In the new world of Covid-19, one thing is for sure, the safety of employees comes first. Infecting them through fellow employees endangers their health and that of their…

Bank of America says cannabis sales jumped amid COVID-19 outbreak

More people stuck at home has led to a higher demand for cannabis, and Aphria Inc. is one of the best-positioned companies to take advantage of that trend, an analyst at Bank…

Relief for Canadian growers as more details of travel exemptions released

The OFVGA is extremely relieved to see more details released by the federal government regarding travel restriction exemptions. There are still many details to be worked through, and the OFVGA looks forward to working with stakeholders including the public health officials, to address the logistical…

"Cannabis industry planning for opportunities in a post COVID-19 world"

While we all try to adjust to telecommuting and having our business routines upended, there are a few “lights at the end of the tunnel” we need to keep in mind. According to a CNBC/Goldman Sachs research study, there have been 26 stock market corrections since World War II that have taken four months to…

US (MI): Cannabis sales increase 34% in February, prices down slightly

Michigan’s recreational cannabis industry continued its steady ascent in February, based on the latest monthly statistical report released by the state Marijuana Regulatory…

How China slowly recovers from COVID-19

Spring is blooming and the economy in China is starting again after Covid-19. Due to the impact of the virus, all walks of life have ushered in unprecedented challenges. During the two-month stagnation in China, many companies in the industry and our own business have suffered a lot, but everyone has a…

Border closures cause worries about temporary foreign worker shortage

In order to limit the spread of the coronavirus as much as possible, many governments have decided to close their borders to people who aren’t citizens or permanent residents.…

US (CA): Dispensaries deemed as 'essential services' amid Coronavirus outbreak

As San Franciscans continue to grapple with the magnitude of the "shelter in place" order issued simultaneously by six Bay Area counties on Monday, news that cannabis dispensaries and delivery services would not be considered an "essential" service by the city resulted in confusion and pushback. The…

British Columbia declares state of emergency

COVID-19: Canadian government announces aid package

On March 18, 2020, Prime Minister Justin Trudeau announced the government is introducing an economic aid package to help Canadians and businesses cope with the COVID-19…

U.S. consular operations suspend routine visa services in Mexico

In response to the global pandemic COVID-19, and in line with the Mexican government’s call to increase social distancing, the U.S. Embassy in Mexico City and all U.S. consulates in Mexico will suspend routine immigrant and non-immigrant visa services starting March 18, 2020, and until further notice.…

Could the cannabis industry save family farms?

The cannabis industry could play a big role in revitalizing rural areas of the country, providing farmers a chance to create their own niche craft weed product in a cannabis…

US (IL): State allows curbside sales of MMJ

Amid a global pandemic that has changed the way we interact and live, the state of Illinois will allow medical cannabis dispensaries to conduct curbside sales for the duration of the month. The new rules were announced this week by the Illinois Department of Financial and Professional Regulation as part…

How COVID-19 will impact the private cannabis market

Public market volatility is off the charts and many investors are seeking liquidity. It is the job of private markets investment managers to keep cool heads in the face of…

CAN: Cannabis sector claims it has been shut out of Ottawa's COVID-19 business loans

Cannabis firms are being barred from part of Ottawa’s plan to shore up the economy as the COVID-19 virus continues to spread, forcing more businesses to reduce activity or close down by the day. Export Development Canada (EDC) and the Business Development Bank of Canada (BDC) announced a joint strategy…

US (AR): Arkansas MMJ sales top $50M

Over 300 days since the first sale, Arkansans have spent $50 million on medical cannabis.  Scott Hardin, the spokesperson for the Department of Finance and Administration, said…

Coronavirus disease (COVID-19): latest updates from Canada and CFIA

Canada is closing its doors to the world by severely restricting international flights. “We will be denying entry to Canada to people who are not Canadian citizens or…

technical suppliers deal with new reality

"Remote access necessity during travel restrictions"

Travel restrictions do not only affect the workers in the greenhouses, but also the suppliers. How to conduct service work when you can't enter a country? What are the effects on shipping costs? And how do you get your machine up and running when you're thousands of kilometers away?  The Canadian technicians…

African countries capitalizing on cannabis industry

A number of African countries are tapping into the lucrative cannabis market, legalising and relaxing laws on cannabis in the continent. From Uganda to Zimbabwe, there is growing interest in this valuable crop through exports following years of resistance, mostly from religious groups opposed to the…

Coronavirus pandemic affecting the cannabis industry

The Coronavirus is forcing many countries around the world to adopt extreme measures to stop the spreading of the virus. From closing all the restaurants and schools to pushing many people to work from home when possible, the whole world is affected by this global pandemic. Inevitably, the economy is…

USMCA/CUSMA ratified

U.S. Secretary of Agriculture Sonny Perdue issued the following statement after the Canadian Parliament approved the United States-Mexico-Canada Agreement (USMCA): “USMCA is a great victory for America’s agriculture industry, and I am pleased to see Canada’s Parliament approved the deal today. USMCA locks in and expands access…

Bank of Canada cuts interest rates by another half point in surprise move

The Bank of Canada made a surprise interest rate cut on Friday, trimming its key overnight lending rate by another half point. With the cut – attributed to the worsening economic fallout from the coronavirus and plummeting oil prices - the Bank rate now stands at just 0.75%. It is the Bank’s second…

US (CA): Cannabis tax revenue tops $1B two years after legalization

California has raised $1 billion in cannabis tax revenue since the industry kicked into gear in January 2018, according to figures recently released by the state. The bulk of…

US (IL): Interstate commerce as a solution for cannabis supply shortage

The limited supply of recreational marijuana at the beginning of Illinois’ adult-use market was expected and anticipated. But it has frustrated consumers, who have voiced…

CAN: Cannabis companies need cash, supplier flexibility to withstand COVID-19

Strong cash positions and the ability to negotiate with suppliers will be key for cannabis companies looking to withstand any operational disruption caused by COVID-19,…

US (OK): Cannabis entrepreneurs see in Oklahoma a positive environment

The Bakers are part of a green rush into the Bible Belt that no one anticipated when Oklahoma voters approved medical cannabis less than two years ago. Since then, a combination of factors — including a remarkably open-ended law and a red state’s aversion to government regulation — have created such…

Women in technology

Yesterday was International Women's Day. Reason for Bosman Van Zaal to put four female colleagues in the spotlight to show that women are equal to men and are also doing the technical jobs in the sector.

US (ME): Launch of state's cannabis market delayed

Maine is planning to have its first recreational cannabis shops open in June, three months later than expected. State budget forecasters are banking on a robust kickoff,…

CAN: Canopy's shutdown shows stress in greenhouse cannabis sector

Canopy CEO David Klein cited a market that has developed slower than anticipated and challenges in raising capital for the decision to close its three million square feet of greenhouse space split between a 1.7-million-square-foot greenhouse in Delta and a 1.3-million-sq.-ft. greenhouse in Langley.…

"Congress must take action to address the structural limits in the H-2B program"

AmericanHort issued the following statement as the Department of Homeland Security announced the release of 35,000 supplemental H-2B visas for Fiscal Year 2020, but with…

US: Minimum hourly agricultural wage rates highest in Washington and Oregon

The H-2A Temporary Agricultural Program provides a legal means to bring in foreign-born workers into the United States on a short-term basis. Workers employed on an H-2A visa may remain in the U.S. for up to 10 months at a time. Employers must demonstrate and the U.S. Department of Labor must certify…

Wild west days for cannabis companies may be over soon

When the bottom fell out for public cannabis companies last summer, appetite for acquisitions quickly soured. Signs are emerging that dealmaking activity may be returning to…

China's pain can be US hemp producers' gain

The U.S. hemp market continues to heat up for a variety of reasons, mainly because the general populace is finally starting to understand the difference between high THC cannabis and cannabis as hemp (and the benefits of CBD and other cannabinoids derived from cannabis). In this post I’ll discuss why…

US: Number of banks with cannabis business clients dips after hemp rules change

The number of accounts that banks and credit unions informed federal regulators they are maintaining for cannabis businesses dipped slightly at the end of the last quarter, according to new data. But that seems to be primarily related to revised reporting requirements for financial institutions servicing…

CAN (BC): From wine country to cannabis country

“We have 4,000 (grey market) growers on Vancouver Island alone, so we would like to see hundreds and hundreds of micro-cultivators licensed,” said Sarah Campbell, director of…

Chinese suppliers deal with road blocks

"Back in business after COVID-19 delays"

With China being an important country for the production of many horticultural supplies, the outbreak and the fear for the COVID-19 disturbs quite a few production processes. Michael Lee with Planti, explains how the producer of horticultural glass dealt with the disturbance and how it was doing business…

Bogus market reports abound, but the good stuff is out there

Suppose you're looking for news about aquaponics. The logical thing to do would be to fire up Google News, and typing aquaponics into the search field. You'll then end up with something like this: Very informative, right? Lots of mentions of big players in the market, percentages and growth figures that look…

US (ME): Sales tax data shows large scope of Maine's MMJ market

The exact size and scope of Maine’s medical cannabis market has been revealed for the first time thanks to new sales tax data. The figures, provided by the Maine Department of…

US (MD): State raised $21.7M from cannabis taxes

The medical cannabis industry in Maryland is booming and the numbers are telling the story. The medical cannabis industry has contributed about $21.7 million in tax revenue…

How Coronavirus in China could boost US hemp producers

The coronavirus outbreak in China likely will benefit American hemp companies that compete with Chinese suppliers on the global and domestic markets. Trade tensions between…

"The industry needs financial discipline"

Trulieve Cannabis Corp opened its 45th location in Stuart, Florida Feb. 15 and has 1.7 million square feet of cultivation space. It’s a long way from Trulieve’s beginnings…

CAN: Cannabis sales forecast lowered to $3.5B in 2020, analyst says

Limited availability of pot-infused edibles and a lack of cheaper offerings compared to the illicit market will stunt the growth of the Canadian cannabis industry, according…

An overview of the EU cannabis industry in 2020

The hype generated by the beginning of the cannabis industry has been slowly going down, until the start of this new decade, which marked a reality check moment not only for many companies, but also for regulatory bodies. Canada was the country that initiated it all, and then also single states in the US…

US: Hemp industry grows but challenges still remain

Hemp production in the U.S. has scaled up rapidly since lawmakers lifted federal prohibition of the crop, with more acres of hemp grown in the country today than at any point since the 1940s. But the fledgling industry is still very much in flux, and reporting practices that vary wildly from state to…

US (CO): Colorado cannabis sales hit $1.75 billion in 2019

Last year was the most lucrative 12 months for cannabis sales in Colorado since the state’s voters legalized recreational cannabis. Medical and recreational cannabis sales hit…

US (CA): Wine and cannabis in Napa Valley

Napa Valley is famous for its cabernet sauvignon. But with the cannabis industry moving in fast, some of the region’s storied vintners are sounding the alarm that California’s…

Koen Brabander (PB tec) on private equity

"There's extra cash, but surely not unlimited funds"

In December 2018, investment company Victus has acquired a majority stake in PB tec. This gives the Westland company more than one year of experience when it comes to acquiring private capital, because that’s basically what private equity stands for. Recently during a meeting of the Agro Business Club…

US (IL): Illinois generates $40M in January cannabis sales

The 11th state to recreationally legalize cannabis in the U.S., Illinois, was an enormous success. On January 1st, Illinois followed the lead of ten other U.S. states by…

US (MI): Kalkaska cannabis industry sparks employment debate

There’s a place in northern Michigan where officialdom unabashedly embraced the cannabis industry, and it has come with both pros and cons for employment across the community.…

US: MMJ shortage caused by simple supply and demand, exec. says

Medical cannabis patients may have noticed an increased difficulty in finding a particular product: traditional cannabis buds. The leaf form of cannabis — often called “flower” so as to differentiate it from vapes, tinctures and other forms in which medical cannabis can be purchased — has been difficult…

How Coronavirus could impact the cannabis industry

Following its grand reveal—2019 was the worst year on record for cannabis stocks—the cannabis industry took a long look in the mirror. Many companies had, as some might say, a…

Recent 'bump' in the industry just 'normal growing pains'

Canadian litigator Marie Henein says the cannabis industry has hit a “bump” in the road amid lingering questions about regulatory issues stemming from CannTrust Holdings…

KoppertWednesday event

Partners with nature; a marriage or living apart together?

What's the partnership we have with nature – is it a marriage or are we better off living apart together? That was the question put to the panel during KoppertWednesday, the event organized by Koppert Biological Systems during the Fruit Logistica week. The moderator, Maren Schoormans, gave the floor to…

Lesotho cannabis industry triggers high hopes

High in the mountains of Lesotho, a green revolution is growing. The tiny mountain kingdom, which is surrounded on all sides by South Africa, made history in 2017 by being the first African country to issue licenses for the production of medical cannabis. Marijuana is not new to Lesotho — it’s been used…

US (IL): Cannabis shortage expected to last a few more months

We are now 43 days into the legalization of recreational cannabis in the state of Illinois. There is still a shortage and there likely will be for a few more months. But…

US (NY): Growers consider growing cannabis as potential for market grows

Trevor Sherman stands in a barn, filled to the rafters with hemp, drying on lines as it is prepared for market. If he can grow hemp — and he grew 40 acres of it last year — he can grow cannabis just as well. And maybe he will, although he hasn’t decided. The growing part is easy, but finding secure space…

US: Black entrepreneurs struggle to join legal cannabis industry

Now that corporate interests and large investors have targeted the mushrooming cannabis industry, some African Americans wonder if racial inequities will prevent them from…

The challenge of returned products for cannabis companies

Soon after cannabis products started flying off shelves following legalization, Canopy Growth Corp. had a $26.9 million problem. The Smiths Falls, Ont.-based company told investors and analysts during a November conference call to discuss its financial results that it was grappling with $20.5 million…

US (VA): Hemp growers face uncertainties

As the second year of commercial hemp begins in Virginia, growers face regulatory uncertainty and a rapidly evolving market. Farmers are still processing the hemp they grew in…

project delays

Coronavirus outbreak affects horticultural industry

Gesundheit startet hier! That’s what the disinfection gel dispensers read on the IPM last week. This week the Chinese hall is pretty empty during the Fruit Logistica show in Berlin and all visitors have to fill in a declaration of health, saying that they haven't been in China. The effects of the Corona…

British Columbia prepares for heavy snowfall

Environment Canada included Delta in a special weather statement issued for Metro Vancouver that notes anywhere from 5 to 20 cm of “heavy, wet snow” could fall, beginning Tuesday morning. “The highest amounts are likely over Metro Vancouver and the Fraser Valley where the snow will persist the longest,…

US (IL): Cannabis shortages intentional as Illinois kept the market small initially

Long lines, closures and shortages of product have frustrated consumers of legal weed in Illinois since the first of the year.But state officials said the slow start to the sale of recreational marijuana was intentional, and one that cultivators also wanted. Both, however, say the eventual goal is a…

2020 UK Pesticide Guide available

The 2020 BCPC UK Pesticide Guide, with the latest information for those involved in pesticide use and application, is now available to buy in print form. The ‘Green Book’, and its online equivalent at ukpesticideguide.co.uk, is a reference for a wide range of audiences involved in pesticide use and recommendation. It covers all pesticide products…

UK: JPD Capital launches exclusive medicinal cannabis fund

UK medicinal cannabis company Eco Equity founder Jon-Paul Doran has launched his first exclusively medicinal cannabis fund, JPD Capital, in London. JPD Capital has investors from all over the world, including the UK, the Middle East, and Europe. Minimum investment into the fund is £25,000 and investors…


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