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EU market for MMJ still a long way to full bloom

A temporary shortage of Dutch hemp flowers intended for export to Germany has put the spotlight on a lack of diversified supply sources and uniform quality standards in the growing European market for medical cannabis. In the first half of June, the Dutch government office responsible for exporting…

British Virgin Islands projected to make a yearly minimum of $30M in cannabis exports

Government is projecting to make at least $30 million annually from the medicinal marijuana industry. Premier Fahie gave that indication in the House of Assembly on Monday, June 22, while responding to public criticism that government “wants to make everybody high” from the drug. But Premier Fahie…

"Canadians take note, now is the time to invest in greenhouse production"

Now is the time for more Canadian farms to learn about and invest in advanced greenhouse food production. The impacts from the pandemic opens the possibility for visionary changes to Canadian food systems. Not only can greenhouse production increase food security among vulnerable populations, the…

CAN (NL): $13 million for plan to develop agriculture sector and create jobs

Dwight Ball, Premier of Newfoundland and Labrador, and the Gerry Byrne, Minister of Fisheries and Land Resources, announced nearly $13 million in funding to create jobs in the agriculture sector and assist farmers and producers. The funding is part of a plan to support employment in rural communities and…

Pure Sunfarms

Pure Sunfarms expands shipments to Saskatchewan and Manitoba

Village Farms' majority-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, has begun shipping branded, packaged dried flower products to Saskatchewan following approval from the Saskatchewan Liquor and Gaming Authority, the provincial regulator responsible for…

Pavel Aleynikov | Dreamstime.com

US: Why more states could legalize cannabis in 2021

Amid recession and social unrest, the cannabis industry sees its moment. Actions by states to reduce criminal penalties for marijuana use and possession are fueling momentum for the broader movement to legalize cannabis and have it serve as an economic engine for cash-strapped coffers, industry members…

Taiga | Dreamstime.com

U.S. limits visas for temporary workers, exemptions for agrifood

President Trump on Monday expanded a measure restricting visas to the United States to target many more temporary foreign workers, limiting immigrants from coming to the country for employment in industries including technology, academia, hotels and construction. The order primarily affects H-1B visas,…

US (CA): Cannabis cultivation grows to become $450 million industry in Monterey County

Cannabis was included for the first time ever in the Monerey County Crops Report released on Tuesday. "Today, in my opinion, is a historic day, largely because we are involved in a report that deals with agricultural commodities," said Salinas attorney and cannabis advocate Aaron Johnson Based on the…

Industry cash crunch exacerbated by the pandemic

If you’ve been following the cannabis industry in 2020, you’ve likely heard the term “cash is king” more than once. This has become the industry consensus as stocks (mostly…

Bankruptcy alternatives for the cannabis industry

As many Americans are faced with the fallout of the COVID-19 pandemic, some business owners are now tasked with creating a clear path forward without traditional means of…

Colombia facing huge opportunity in legal cannabis industry

As the cannabis industry grows globally, no country is according to FTI Consulting better positioned than Colombia to become the “grower” of choice for international cannabis trade. Experts Michael Cullen and Miguel Salcedo explain why.  While predictions for the global cannabis trade in 2020 vary widely,…

US (MI): Hemp growers expanding production after successful 2019 crop

The Michigan Department of Agriculture and Rural Development today unveiled results from the state’s 2019 Industrial Hemp Ag Pilot Program Final Report, marking the successful completion of the freshman year of the new program. In total, respondents reported they anticipated on planting 8,749 acres of…

Mexico temporarily stops temporary foreign workers from going to Canada

There are news reports currently circulating that state Mexico is halting temporary foreign workers travelling to Canada. The governments of Mexico and Canada are currently meeting to discuss the situation and will provide an update when more information is available. "This is a temporary pause in order…

Where does the Canadian-German export go?

For the past several years (since 2016), Canadian exporters have sent ever-larger amounts of medical cannabis to Germany. The amount grew from a mere 44 kilograms to 3,740 by the end of last year according to Health Canada. But will this exponential growth continue? The answer is largely no, and for a…

CAN (BC): New resource helps cannabis producers enter the legal market

Cannabis producers looking to enter B.C.’s legal market can now use a step-by-step online guide that helps simplify and streamline the licensing process. The Cannabis Production Regulatory Navigator has been created to help prospective cannabis cultivators and processors work their way through the steps…

DE: MMJ imports from the Netherlands to Germany postponed until further notice

AMP German Cannabis Group has announced that The Office of Medical Cannabis (“OMC”), the government organization of the Netherlands for distribution of medical cannabis…

Legal dispute over name of cannabis cultivar

The Stanley Brothers in Colorado made their name by targeting a strain called Charlotte’s Web that had greater amounts of CBD than THC in order to treat a young girl with a rare form of epilepsy. The girl, Charlotte Figi, suffered from Dravet Syndrome that caused her to have multiple seizures in a single…

CAN (ON): Hexo CEO calls for more cannabis shops in Ontario

Hexo Corp. has a plan to become profitable, but getting there will require an influx of newly-licensed cannabis shops to open in Canada's biggest consumer markets, the…

CAN (BC): Deferring quarterly premium payments for an additional quarter

WorkSafeBC announced that it is extending the deferral period for quarterly premium payments for an additional three months, without penalty or interest. In order to ensure…

US (CO): City study finds Denver's cannabis business lack diversity in ownership and employment

The majority of Denver’s cannabis-focused businesses are owned and staffed by white residents, leading to a lack of opportunities for people of color to get involved in the industry, according to a city study released Monday. According to Denver’s Cannabis Business and Employment Opportunity Study, 74.6%…

CAN (ON): Ontario sold over 35 tonnes of cannabis in the past year

Ontario sold more than 35 tonnes of legal cannabis in the past year, according to the province's Crown corporation in charge of selling pot online and to the wholesale market.…

What will a post COVID-19 cannabis look like?

It may be instructive to consider the potential effect that the pandemic will have on the cannabis legalization movement. While cannabis remains illegal in the US at the…

Joachim Keus, Ridder:

"The time of postponing has past"

What would the Corona crisis mean for the international oriented horticulture sector? Closed borders? Cancelling of products? The industry was worried when the virus broke out. Now, a few weeks later, Joachim Keus, responsible for the Benelux sales of drive systems and screens by Ridder, is of the…

The recession set off by the coronavirus pandemic is just the latest problem for the cannabis industry.

Governor forecasts California's cannabis market will shrink due to COVID-19

Due to the economic impact of the COVID-19 pandemic, California is now expecting to see a decline in cannabis sales in the fiscal year that begins on July 1 -- and therefore,…

Vertical farming and the real ROI

Another JakajimaTV talk with Maarten VandeCruys, Founder and CTO of Urban Crop solutions. As vertical farming has been around for a while now and organizations of different sizes have implemented this technology as part of their supply chain.  The following questions were asked during the presentation:1. But…

US: Virgin Islands governor endorses legal cannabis' economic potential

The governor of the U.S. Virgin Islands (USVI) on Tuesday again stressed the need to legalize marijuana in order to generate tax revenue for the territory’s fiscal recovery…

US: Cannabis companies with highest-paid executives see underperforming stocks, survey shows

Cannabis companies with the highest-paid executives saw their stock underperform over the last year, according to a survey by Bedford Consulting Group outlined by Bloomberg.…

Cannabis companies having a tough time navigating the market

Some of the biggest cannabis players when legalization took effect 20 months ago have successfully held on to their dominant positions, despite a year of bankruptcies,…

CAN: Outdoor cannabis production set to increase

A different sea of green will greet Canadian farm fields this year as licensed producers begin planting their cannabis outdoors, a move that could exacerbate an existing glut in the market and potentially cause further industry writedowns.  Health Canada said that about 450 acres of land were used for outdoor…

CAN (ON): Infectious disease emergency leave for workers extended

The Ontario government is taking steps to help ensure that as the economy gradually and safely reopens workers will have jobs to return to and businesses will be protected from incurring unsustainable termination costs. Today, the government announced that it has enacted a new regulatory amendment that…

starting July 13 10 AM ET

Cultivate'20 virtual schedule

AmericanHort, the host of Cultivate, the all-industry trade show, is pleased to announce the schedule for Cultivate’20 Virtual, the 100% online event that will connect customers, suppliers and…

Sri Lankan coir industry is resilient in the wakes of the Covid-19 pandemic

Due to the growing popularity of coco substrates in the horticultural industry and the quality of the Sri Lankan coco products, the industry has seen rapid growth. That means that the effects of the lockdown were also very big, both for the horticultural supply chain as for the 20,000 people working in…

US (MD): Data reveals lack of minority investors in state cannabis industry

Only 10 percent of investors in Maryland’s cannabis industry are people of color, according to data from the Maryland Medical Cannabis Commission (MMCC). This figure…

CAN (BC): Cannabis growing facilities up for sale across British Columbia

Large cannabis growing facilities are up for sale in communities across the province as the industry comes to grips with slower-than-expected sales of government-sanctioned cannabis products. An 18,000-sq.-ft. cannabis cultivation and processing facility is for sale in the Village of Lumby after its…

WorkSafeBC announces additional support for employers impacted by COVID-19

WorkSafeBC is waiving premiums for employers who are approved to receive the Canada Emergency Wage Subsidy (CEWS) for furloughed workers (employees on leave with full or…

US: Cannabis legalization is key to economic recovery

Our nation is in the midst of the greatest crisis in generations, with the Covid-19 pandemic impacting Americans’ physical and emotional well-being, while plummeting the…

Hexo Corp. closes $57.5 million underwritten public offering

HEXO Corp. announced the closing of its previously announced underwritten public offering for total gross proceeds to the company of C$57,546,000. The company sold 63,940,000…

A dozen cannabis bankruptcies in 2020?

There’s a lot of doom and gloom in the cannabis industry. It’s hard to avoid when even the Horizons Marijuana Life Sciences has crashed 65% in the past year. Many cannabis companies have continued to struggle to stay out of the red even amid rapid growth. In the past that was fine, because their share…

US (MI): Michigan cannabis industry thriving amid coronavirus pandemic

You can’t currently walk into a Michigan cannabis shop and peruse the shelves, but that hasn’t stopped product from flying off them. Close to $1 million a day in cannabis…

Smaller joints and less-potent buds: recession cannabis is here

Record job losses in the coronavirus pandemic have sparked a flurry of deals for cost-conscious consumers on everyday items like clothing and take-out meals. In several…

Recent frost unlikely to have affected plantings

New York springs increasingly colder and wetter

Following this week’s significant drop in temperatures which in some cases resulted in frost or light snow, growers on the East Coast remain positive that their crops aren’t affected. Paulette Satur of Satur Farms in Cutchogue, NY says its location in the north part of Long Island wasn’t hit by frost…

Green Thumb

US: Cannabis binge in quarantine lifts hope for federal legalization

There’s a lot to be depressed about as a lethal virus spreads, leaving economic devastation and political division in its wake. But these difficult days haven’t been awful for the up-and-down cannabis industry. With nine in 10 Americans approving of either medicinal or recreational use, more than 20…

Prices expected to shoot up Hugoht

Heatwave in Israel causes millions in damage to crops

The agricultural damage caused by the current heavy heatwave in Israel is expected to amount to tens of millions of shekels, a spokesperson for the KANAT Insurance Fund for…

US (NY): Horticulture and landscaping operations permitted to reopen statewide

As New York State begins to reopen under Governor Cuomo’s NY Forward plan, the horticulture industry, which includes greenhouse operations, nurseries, sod farms, and…

US cannabis companies outperforming Canadian LPs

The top U.S. cannabis companies are notably outperforming their struggling Canadian counterparts, yet valuations are still held back by their inability to list on the big…

US (OR): Oregon sees record breaking $89 million in cannabis sales in April

There is one bright spot in the economy: marijuana sales.In April, Oregon saw $89 million in legal marijuana sales. The Oregon Liquor Control Commission reports marijuana…

Cannabis panic buying slows down in Canada

As the threat posed by the coronavirus grew bigger, governments around the world issued lockdown orders and instructed all but the most essential businesses to close down. In the days and weeks preceding the stay at home orders, legal cannabis saw a spike in sales as people stocked up for what they…

The green rush in Africa and the updating of cannabis regulations

One of the big trends in Africa now is to very quickly loosen cannabis laws in order to allow for cannabis cultivation and production for international sale. But not necessarily for residents. In fact, much of this changing regulation has simply been to legalize cultivation for commercial use, while not…

US: Former NBA star Al Harrington discusses cannabis sales and COVID-19

As a founder, 16-season NBA player, and father of four, Al Harrington may be more experienced than most at staying cool under pressure and at making tough decisions, including pivots, that benefit a larger goal. But Harrington, who’s been an active cannabis entrepreneur and advocate since retiring from…

US (MI): Cannabis sales stay high during Coronavirus pandemic

Nearly 50,000 Michigan residents have tested positive for COVID-19, and over 4,600 have died from the virus. In order to mitigate the spreading of the virus and the subsequent…

US: A cannabis industry's cautionary tale

Until recently, MedMen was America’s biggest cannabis company, and its young founders lived accordingly. There were private jets to Las Vegas, a mansion in the Hollywood…

Africa poised to be the next giant cannabis grower in the world

Africa is getting ready to take over the world of cannabis farming as its several countries fight for the legality of the leaf drug. For years, Africa had domesticated…

Irwin Simon, Aphria CEO

CAN: "Cannabis producers should be allowed to sell directly to customers"

As COVID-19 changes how legal cannabis can be sold to Canadians, Aphria Inc.'s chief executive thinks the time is right for pot producers to get into the online retail business.  "I want to become what Amazon is to the grocery business," Aphria CEO Irwin Simon told BNN Bloomberg in a phone interview on Wednesday.…

US (MO): Investigation in cannabis licensing process sparked by whistleblower

The Missouri House Special Committee on Government Oversight is investigating the state’s handling of medical cannabis industry licensing and is seeking records from Gov. Mike Parson’s (R) deputy chief of staff, chief operating officer, and Steve Tilley, a longtime lobbyist and advisor to the governor,…

Cannabis cultivation is competitive

The cannabis market is booming—not just across the United States, but all over the world. In domino fashion, stigmas are falling and people are embracing a new perspective on cannabis. Not long ago, the war on cannabis was in full throttle. Now, old-school growers and opportunistic entrepreneurs have…

US (MA): Cannabis executives "look forward to safely reopening"

A group of Massachusetts cannabis industry representatives on Saturday has made its pitch to a reopening advisory board appointed by Gov. Charlie Baker. The Commonwealth…

podcast CropTalk host Kyle Barnett:

"AgTech Industry leaders always hit on the same thing: get hands-on experience"

“When asking industry leaders for advice, people always hit on the same things: get hands-on experience, educate yourself and get a network in the field that you can talk to.…

US (AZ): Phoenix cannabis company eyes MA growth following debt financing

An Arizona cannabis company is looking at Massachusetts as a market for expansion and growth following an infusion of cash from a series of new divestitures and deals.…

US (IL): Cannabis sales top $37M during April

As Illinois’ economy has come to a screeching halt in the wake of the COVID-19 crisis, recreational weed has remained a hot commodity with sales topping $37 million last…

New research shows medical cannabis valuable to New Zealand’s economic recovery

Record-breaking medical cannabis company, Puro, is calling on the government to fast track the establishment of a medical cannabis industry in New Zealand. Puro, which smashed the Australasian record for crowdfunding after raising $4 million in start-up funding, has already grown a test crop of low-THC…

CA: Emergency wage subsidy calculator

For small business owners across the country the future is becoming more desperate as restrictions related to COVID-19 continue to wipe out lifetimes of dreams, sacrifice and savings. "Never have small businesses needed to be more agile, focused, and resilient than they do today," said Steve Ibbotson,…

Concentrate!

SME Loans

The importance of a 13-week cash flow forecast

It is no secret that the recent pandemic has wreaked havoc on the global economy, pressuring businesses across all industries to take severe measures to “weather the storm” to ensure their survival. As businesses, both large and small, are forced to rapidly address their liquidity positions, we…

higher sales but also big concerns for Royal Brinkman

"Staying positive together and keeping the sector going"

Staying positive and keeping the sector going. That's what Ton van Mil with Royal Brinkman wants to do together with his company and the whole sector. Ton said how much he appreciates that everyone does the best they can in a video message, in which he also talks about the creativity, digital solutions…


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