CBD Companies Failing On Compliance, Disclosure And Product Safety, New Report Finds

Info from LegitScript shows significant gaps in product claims, financials and website practices from some companies. November 7, 2019 2 min read This story originally appeared on Benzinga Consumer interest in CBD products is on a rapid rise, as many turn to relatively new hemp products with little-to-no THC (a psychotropic compound found in cannabis) seeking to address everything from skin care issues to anxiety, medical ailments and even pet health. Despite growing demand, the CBD industry operates with limited regulation and a lack of meaningful standards and oversight. In fact, a study released by Portland-based LegitScript shows significant gaps in product claims and the presence of dangerous substances in some products. The study highlights problematic business processes, including website noncompliance and troubling financial practices. RELATED: What You Should Know About Regulations For CBD Product Labeling Key findings include: Potency gaps: More than half of products tested contained significantly less CBD than stated in […]

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‘High Fashion’ With A Twist In New York

New York Fashion Week to debut a collaboration between designer Korto Momolu and Women Grow. September 2, 2019 3 min read Brought to you by Benzinga The spring/summer 2020 season New York Fashion Week will feature a cannabis-related show for the first time ever. On Sept. 7, a weed-themed show is hitting the runway, product of a collaboration between bold fashion designer Korto Momolu — featured on the show “Project Runway” — and Women Grow, the largest networking organization for women in the cannabis and hemp industries. “It is Women Grow’s mission not to cultivate cannabis, but to intentionally cultivate female leadership within the cannabis industry as well,” according to a press release.  Related: This Latina Ganjapreneur Is Making Sure That Women Aren’t Overlooked Momolu will launch her runway collection featuring prêt-à-porter, or ready-to-wear, clothing items that embody “the power, influence, and strength of female leadership,” the company said. This collection will include a large array of […]

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An Israeli Company’s Mission To Make Marijuana Growing Effortless

Seedo makes a fridge-like box that takes care of the entire growing process and can be controlled through your smartphone. July 24, 2019 4 min read Brought to you by Benzinga The state-by-state legalization of cannabis has made thousands of strains legally available. And many cannabis users still find growing their own weed appealing — and others may have the need to grow cannabis due to a lack of nearby dispensaries. But cannabis cultivation is a meticulous process that involves more than just planting a seed or a clone and watering it regularly. It requires special lighting, constant temperature, humidity, nutrition, and many other factors to create a high-quality crop. Some companies are developing solutions to make growing weed easier, even in the comfort of one’s home. One of these solutions is Seedo, a special pod that takes care of the entire growing process and can be controlled through an app […]

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A Weed Museum Is Coming to Hollywood

The curated museum will have interactive exhibits, historical artifacts and Instagrammable art installations. July 23, 2019 2 min read This story originally appeared on Benzinga Weedmaps recently announced its Weedmaps Museum of Weed will open to the public on August 3 in Hollywood, California. The museum aims to educate people in a fun and interactive way, while inspiring them to support pro-cannabis advocacy and reform efforts. The 30,000 square-foot museum will be curated with interactive exhibits, art installations, historical artifacts and Instagrammable art installations. It will combine immersive elements and natural history. “An important piece to talk about where cannabis demonstrations haven’t ventured before is our Plant Lab Exhibit,” said a company spokesperson. “In it, we will break down the biology of the plant and help explain to our audience in layman’s terms how this plant interacts with your body. What’s unique about it is that we’re taking extremely complex ideas and making a […]

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NFL’s Calvin Johnson and Rob Sims Talk Cannabis: It’s ‘A God-Given Gift’

Two battered former players who never had an alternative to opioids for pain have launched an cannabis business so others will. July 14, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. The NFL and cannabis have been in the headlines this year, from punitive measures imposed on players to players themselves entering the industry. During the 2019 Benzinga Cannabis Capital Conference in Toronto, Primitive co-founders and former NFL players Calvin Johnson and Rob Sims, explained why they entered the cannabis business, where the NFL can improve its drug policies and what excites them most about the industry. Calvin Johnson, It’s a pleasure. So you’re here today to talk about your new venture, Primitive Cannabis. I’m curious, how did you get into cannabis originally?  I got into cannabis from different personal dealing with pain — I played in the NFL for nine years; growing up and making catches […]

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CNBC’s Tim Seymour Talks About Cannabis M&A, Private Vs. Public Markets

Cannabis is good investment, unless you guess the wrong company. July 13, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. A cascade of mergers, acquisitions and attempted hostile takeovers have roiled the cannabis industry over the past year. CNBC commentator Tim Seymour, who’s day job is founder/CIO of Seymour Asset Management, discussed the future of M&A in the cannabis industry and the valuations of publicly traded cannabis stocks at the 2019 Benzinga Cannabis Capital Conference in Toronto, Canada,  You’re excited about M&A in the cannabis sector? Completely. The public market and the private market function very differently. I bet half the people here are here for private companies. To them, the public companies exist as funding for the future acquisition of private companies. That’s the sense I’m feeling. We’ve seen it over the past few months, with Cresco and Origin House for example. I think these […]

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Here’s the Medical Cannabis Super Bowl Ad CBS Refused to Run

Both CBS and the NFL lag far behind the American public on the subject of medical marijuana. January 23, 2019 4 min read Opinions expressed by Green Entrepreneur contributors are their own. It was all over the news on Tuesday: CBS rejected a public service announcement highlighting the benefits of medical cannabis, which was intended to be aired during the 2019 Super Bowl. Long story short, what happened was Acreage Holdings, one of the largest U.S. based cannabis companies, which counts former House Speaker John Boehner and former Massachusetts Governor Bill Weld among its advisors, created a 60-second public service announcement (or ad, if you will) featuring three medical cannabis patients and their loved ones explaining how marijuana had changed their lives for the better — and suggesting it is a great alternative to other more dangerous pharma drugs. The company submitted the ad to CBS and was ready to pay the […]

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Protecting Your IP Is (No Surprise) Even Harder in the Cannabis Business

Asking the federal government for a patent or trademark on anything cannabis related is harder than with ordinary IP. January 2, 2019 6 min read Opinions expressed by Green Entrepreneur contributors are their own. Cannabis is a nascent industry where uncertainty and novelty reign, which much too often cause entrepreneurs forget important considerations — think entity formation, employee benefits, patents, etc. — until it’s too late. One such topic that is frequently neglected in the marijuana industry is protecting intellectual property. As the cannabis industry matures, and disputes over IP arise, many businesspeople are now looking to protect their inventions and overall IP. Here’s what experts say are the big concerns and the available options. Regulatory complexity makes everything harder in cannabis. Ownership of IP in the cannabis industry is fraught with issues that are “compounded by unclear regulations,” says Dariush Adli, founder and president of the ADLI Law Group, which advises cannabis […]

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New Report Estimates Over $1 Billion In Cannabis-Derived Taxes For Nevada

It won’t happen until 2024, but it looks like Nevada has hit the jackpot. October 26, 2018 3 min read Opinions expressed by Green Entrepreneur contributors are their own. The marijuana sales numbers are out for the Silver State, and they’re pretty darn impressive.  According to a new report by RCG Economics LLC and The Nevada Dispensary Association (NDA), which represents 90 percent of dispensaries statewide, taxable cannabis sales surpassed $525 million in the period from July 2017 to July 2018. The sales generated total economic benefits of almost $1 billion. The report predicts that recreational marijuana sales should hit compounded sales of $4.9 billion (in 2018 inflation-adjusted dollars) by July of 2024. Related: To the Surprise of Nobody, Nevada Marijuana Sales Hit $126 Million In 4 Months This should generate direct, indirect and induced economic benefits of $8 billion over the seven-year period, supporting approximately 67,500 person-years of jobs (or the […]

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This South Pacific Country Is Sponsoring Research Seeking a Cannabis Treatment for Diabetes

Vanuatu, suffering a diabetes rate far higher than the world average, is hopeful locally grown marijuana can help. September 21, 2018 4 min read Opinions expressed by Green Entrepreneur contributors are their own. The Republic of Vanuatu is facing a diabetes epidemic. It is estimated that roughly 13 percent of the country’s population suffers from the disease. This compares to a global average of 8.5 percent. To counter this epidemic, Vanuatu’s national health care system is working on a series of clinical trials using a cannabis-based drug to treat diabetes. Why it matters These trials might provide us with an treatment for a condition that affects 422 million adults worldwide. As of 2012, 1.6 million deaths were directly attributed to diabetes each year. Here are some other important things you should know about diabetes before moving on: 1 in 3 adults aged over 18 years is overweight. 1 in 10 adults are obese. […]

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7 Hottest Jobs in the Cannabis Industry Right Now

New survey reveal who’s getting hired and what they’re getting paid. September 7, 2018 3 min read Opinions expressed by Green Entrepreneur contributors are their own. Looking for a way to break into the budding cannabis industry? There are plenty of jobs to be had if you know where to look. This week, marijuana-focused recruiting company Vangst published a jobs report. And the overall outlook was pretty greentastic. Here’s what we learned: Related: Cannabis Industry Likely to Employ More Than 400,000 By 2021, Study Projects The Cannabis Jobs Market Is At An All-Time High Medical marijuana is now legal in 30 states; and recreational pot, in 9 others. This, coupled with record-high levels of support for legalization among the U.S. population, has led to a 690 percent growth in cannabis job listings between January 1, 2017, and August 1, 2018, according to Vangst. In addition, the average salary in the industry increased […]

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Why These Teenage Girls Started a CBD Lifestyle Brand

CBD helped them ease the painful symptoms of multiple diseases. Now they want to bring the compound to other young adults. August 3, 2018 5 min read Opinions expressed by Green Entrepreneur contributors are their own. While weed is for adults only, CBD (a non-psychoactive compound found in cannabis, hemp, and hops) can be used by anyone. In fact, CBD products are used to treat numerous ailments in children, ranging from epilepsy to autism. Recently, the FDA approved a CBD-based drug to treat rare forms of childhood-onset epilepsy. Related: This Week in Weed: The FDA and the Big3 Say “Yes” to Cannabis. Although there’s been plenty of news about kids using CBD, much less attention has been given to kids making a business out of it. But that’s just what a new company called Hoop Beauty is doing.  Related: 5 Things You Should Know About CBD Devastating Symptoms For many years, Kristin Price, […]

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How Canada’s Marijuana Legalization Changes the Game

Experts weigh in on the global significance of this landmark decision. July 8, 2018 7 min read Opinions expressed by Green Entrepreneur contributors are their own. We’ve all seen countless articles about Canada’s decision to legalize the recreational use of marijuana on a federal level. Analysts and reporters discussed what this meant for Canada and the US, but what about the world? Related: What Canada’s Legalization of Marijuana Means to the US, Eh First G-7 Nation to legalize marijuana Canada has become the first G7 nation to legalize marijuana despite a decision earlier this year by the United Nations International Narcotics Control Board (INCB), which issued a report classifying the legalization of marijuana for recreational uses as a “clear violation” of the U.N.’s 1961 Single Convention on Narcotic Drugs. While Uruguay disregarded this international treaty, Jamaica was deterred from moving toward full legalization. Now, Canada has joined Uruguay on the rebel […]

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The Top 3 Post-Startup Challenges for a #CannabisBusiness

Cannabis startups come with their own unique set of hurdles. Avoid them by following these tips. July 4, 2018 7 min read Opinions expressed by Green Entrepreneur contributors are their own. The following excerpt is from The Staff of Entrepreneur Media, Inc. and Javier Hasse’s book Start Your Own Cannabis Business. Buy it now from Amazon | Barnes & Noble | iTunes | IndieBound This article is part of Entrepreneur’s series on How to Start a Cannabis Business. We seek to promote financial inclusion through cannabis. In previous articles, we’ve looked into numerous aspects of getting into the marijuana industry, including how to convince investors to give you money, how to brand your cannabis business and craft your story, and how to navigate the murky waters of cannabis marketing. Setting up a cannabis business is complicated. However, the challenges won’t end when you open your doors. According to Marijuana Business Daily, the top challenges […]

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How to Market Your #CannabisBusiness

Getting the word out about your business may be tricky, since many of the traditional marketing and advertising channels aren’t yet fully available to the industry. Find out what you can do to spread the word. June 27, 2018 7 min read Opinions expressed by Green Entrepreneur contributors are their own. The following excerpt is from The Staff of Entrepreneur Media, Inc. and Javier Hasse’s book Start Your Own Cannabis Business. Buy it now from Amazon | Barnes & Noble | iTunes | IndieBound This article is part of Entrepreneur’s series on How to Start a Cannabis Business. We seek to promote financial inclusion through cannabis. In previous articles, we’ve looked into numerous aspects of getting into the marijuana industry, including how to convince investors to give you money, and how to brand your cannabis business and craft your story. Cannabis is more popular than ever. However, marketing your brand can still be difficult due to the extensive legal limitations on advertising. […]

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What Canada’s Legalization of Marijuana Means to the US, Eh

The landmark decision may cause a seismic shift in the industry. How will it affect your business? June 26, 2018 9 min read Opinions expressed by Green Entrepreneur contributors are their own. Last week Canada announced a landmark decision in the history of legal cannabis when the Senate put the final stamp of approval on the law legalizing the recreational use of marijuana all across the country. This will make the Canucks the first G7 nation, and the second country in the world, to legalize recreational cannabis – only beaten to the finish line by the small South American republic of Uruguay. “It’s an enormous milestone for the industry as a whole that will further validate the recreational industry and further separate it from the medical applications one,” said Aras Azadian, CEO of Canada-based cannabinoids biotech company Avicanna. Related: Canada Legalizes Cannabis Following the Senate decision, Prime Minister Justin Trudeau announced the new legislation will […]

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Do These Things Before Opening Your Doors for Business

June 20, 2018 5 min read Opinions expressed by Entrepreneur contributors are their own. The following excerpt is from The Staff of Entrepreneur Media, Inc. and Javier Hasse’s book Start Your Own Cannabis Business. Buy it now from Amazon | Barnes & Noble | iTunes | IndieBound This article is part of Entrepreneur’s series on How to Start a Cannabis Business. We seek to promote financial inclusion through marijuana. In previous articles, we’ve looked into numerous aspects of getting into the marijuana industry, including licensing issues and how to convince investors to give you money. We even talked with numerous celebrities about why they are getting involved in the cannabis industry and how to get them to endorse your product or company. Before your brick-and-mortar cannabis store officially opens, do a soft launch to make sure all the bugs and glitches are fixed. Here are some suggestions from people who have been there, done that.  Test your systems You should try out your security […]

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Branding Your Business & Crafting Your Story in the #CannabisIndustry

Learn the essentials about getting your business ready for its market debut. June 14, 2018 6 min read Opinions expressed by Entrepreneur contributors are their own. The following excerpt is from The Staff of Entrepreneur Media, Inc. and Javier Hasse’s book Start Your Own Cannabis Business. Buy it now from Amazon | Barnes & Noble | iTunes | IndieBound This article is part of our series on How to Start a Cannabis Business. We seek to promote financial inclusion through cannabis. In previous articles, we’ve looked into numerous aspects of getting into the marijuana industry, including questions you should ask yourself before jumping in and where to find funding. Until a few years ago, most cannabis brands weren’t especially sophisticated. However, this is no longer the case. If you’ve ever seen legal cannabis products in a store, you must have noticed how cool, modern and beautiful they look. Of course, this is the result […]

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How My Cannabis Poem Landed on 8 Billboard Charts

A pitch letter to Lin-Manuel Miranda ends up on a hip hop record. Opinions expressed by Entrepreneur contributors are their own. If you look at many of the top tracks and on the Billboard charts, you’ll notice most of the subject matter deals with love, partying, or inhabiting Chris Brown’s body. So, I could not help but be completely surprised, dazed, almost confused, when I found out that an album featuring my scolding rap on cannabis legalization had hit not one, but eight different Billboard Charts, including the numero uno (#1) on the Billboard Heatseekers chart, #9 on Rap Charts, and #11 on Independent Charts. The album, The Whoodlum Ball, was produced by Smith & Hay, DJ Whoo Kid, and Ranna Royce. It features big-name rappers, cool up-and-comers and O.G.’s like Wu-Tang Clan’s RZA and Inspectah Deck, Twista, Lil Windex, Riff Raff, and Parliament-Funkadelic’s Jerome “Bigfoot” Brailey. So, how did I, a humble […]

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Insider Advice for Financing Your #CannabisBusiness

Looking to raise cash for your startup? With most banks out of the picture, find out what your realistic financing options are. May 30, 2018 6 min read Opinions expressed by Entrepreneur contributors are their own. The following excerpt is from The Staff of Entrepreneur Media, Inc. and Javier Hasse’s book Start Your Own Cannabis Business. Buy it now from Amazon | Barnes & Noble | iTunes | IndieBound This article is part of Entrepreneur’s series on How to Start a Cannabis Business. We seek to promote financial inclusion through marijuana. In previous articles, we’ve looked into numerous aspects of getting into the marijuana industry, including questions you should ask yourself before jumping in and factors that could determine your success. Although we’ve written about where and how to find funding, this is a very complex issue that requires an even deeper dive. Related: Where to Find Funding for a Cannabis Business What makes it so complicated? First of all, since banks and traditional financial institutions […]

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