Regulated marijuana sales in the United States are expected to exceed $31 billion this year, according to a recent economic forecast from a firm specializing in cannabis and hemp business consulting, data, and economic research. The projection from Portland, Oregon-based Whitney Economics estimates that legal sales of medical marijuana and […]
hemp
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The hemp-derived fiber market is growing exponentially. The Business Research Company, a global market research and consulting firm located across the globe, updated its reports with latest data on hemp fiber for 2024 and projections up to 2033, and the projections look promising. The Business Research Company’s “Hemp Fiber Global […]
On Feb. 6, a lawsuit was filed in the U.S. District Court in Georgia by resident Hannah Ledbetter against 12 cannabis companies. The claim alleges that all of the companies mentioned have sold cannabis products as delta hemp products instead of cannabis products and is asking for a total of […]
Two Tasmanian hemp business owners are founders and operators of the island state’s hemp processing operations. Andi Lucas of the hemp processing facility X-Hemp and Tim Crow of Hemp Harvests proudly embrace the benefits of hemp, but in a recent interview with ABC News, both of them expressed the need […]
Hemp growers and retailers in Tennessee say that newly proposed regulations threaten the viability of businesses in the industry and vow to challenge the rules before they go into effect, according to media reports. In April, the Tennessee General Assembly passed legislation to regulate and tax hemp products grown, manufactured […]
The popularity of CBD and other hemp-derived compounds continues to surge in terms of sales. A new report predicts that the CBD market is poised to surpass $36 billion dollars by 2033. According to market.us, the global Cannabidiol Market Size was valued at $7.6 billion in 2023 and is predicted […]
When Texas Governor Greg Abbott signed Senate Bill 339, also known as the Texas Compassionate Use Act, into law in 2015, many Texans expressed frustration. The purpose of the act was to allow the THC treatment of illness via prescription, opening up the state’s medicinal cannabis market. However, the act […]
There are a lot of risks throughout the entire supply chain in the cannabis and hemp markets. Legal and regulatory issues, quality control reliability, security problems, product safety, potency, and constantly changing supply and demand are just a few major risks cannabis operators must stay on top of. A lot […]
The gifting industry is lacking in imagination these days. Boxes of chocolates, themed gift baskets, and edible arrangements are kind gestures but they’re often overused and lacking in innovation. While the gift of flowers is timeless, brands such as Lovepot are taking things up a few notches by offering luxurious […]
According to a press release published on Monday, SC Labs has acquired C4 Laboratories, a cannabis testing lab located in Scottsdale, Arizona. The acquisition means SC Labs has expanded their footprint into five states total. Originally based in California, the cannabis testing company now has locations in Arizona, California, Colorado, […]