PALM BEACH, Fla., Feb. 1, 2021 /PRNewswire/ — The cannabis industry has been fighting for legalization for decades. With each passing year, the cannabis industry matures and continues to grow exponentially. The market value of the cannabis industry is projected by all industry reports to continue strong growth for several years to come. These projections comes at a time when cannabis remains federally illegal. As legalization grows, so will the size of the market, but also in the methods of production and cannabis consumer behavior. Approximately 36 states and 4 territories (District of Columbia, Guam, Puerto Rico and U.S. Virgin Islands) have enacted measures in the medical marijuana industry and recreational can’t be far behind… consumer demand is playing its part in shaping the successful product lines and brands. Recent reports are showing that consumers are demanding higher and higher THC levels/percentages. A recent report on recent trends by an industry insider, said: “What we’ve been seeing over the last few years, is an increasing demand for high THC strains. While we’re learning more about how the present terpenes in a strain might play a more important role in the effect or ‘high’, consumers consider their options in a simple way: highest THC for lowest cost. ” Active Cannabis companies in the markets this week include Tilray, Inc. (NASDAQ: TLRY), Christina Lake Cannabis Corp. (OTCPK: CLCFF) (CSE: CLC), Agrify Corporation (NASDAQ: AGFY), Sundial Growers Inc. (NASDAQ: SNDL), Canopy Growth Corporation (NASDAQ: CGC) (TSX: WEED).
The report continued saying: “Cultivators have to play the game and stay on top of the preferred strains in the market. Or better yet, one step ahead. Tastes and preferences change very frequently in this market, partly fueled by breeders constant production of new cannabis strains.” It concluded: “Growers who have access to a breeder or employee who can start a program, would be wise to develop and name their own strains. When you’re the only producer of a certain strain, your competitive edge improves.”
Christina Lake Cannabis Corp. (OTCPK: CLCFF) (CSE: CLC.CNQ) BREAKING NEWS: “From Seed to Sale”: Fully Integrated Production Chain can Provide Unique Advantages to Christina Lake Cannabis in Commercializing Distillate Oils – Christina Lake Cannabis Corp. (the “Company” or “CLC” or “Christina Lake Cannabis”), is pleased to announce that one of its cannabis distillate oils has been certified to have a tetrahydrocannabinol (“THC”) concentration of 90.3% based on a certificate of analysis dated January 15, 2021 from a testing laboratory accredited by Health Canada. The Company recently announced its intent to primarily focus on producing cannabis distillate oils by extracting from its 2020 harvest of 32,500 kg / 71,650 lb of biomass grown under natural sunlight. Based on market demand for distillate oils, which typically contain THC concentrations in excess of 90%, the Company believes it is uniquely positioned in the cannabis marketplace to be a competitive supplier of distillate oils. Additionally, the Company is planning to blend cannabis-derived terpenes with its distillate oils, a combination which has only recently been requested in the Canadian cannabis industry despite being relatively common in other markets.
As a fully integrated producer of cannabis oils, the Company is favourably situated in the Canadian cannabis industry on account of its control over and visibility into the production chain. CLC has a genetic databank consisting of over 100 proprietary cannabis strains and a total inventory of over 600,000 seeds, which it began cultivating outdoors last spring at its facility in Christina Lake, British Columbia with over 950,000 square feet / 88,258 square metres of outdoor grow space. After harvesting and processing the crop, the Company then extracts oils from its dried biomass using its Vitalis R-200 CO2 extraction machine. This year, the Company has been successful in producing commercial quantities of market-ready winterized cannabis oil with distinct terpene profiles, which are sought-after for use in recreational products under Cannabis 2.0 for adult consumers ( e.g. , vapes, edibles, topicals) as well as in medicinal products.
In CLC’s January 13, 2021 press release, it was announced that the Company was beginning to produce ultra-high potency cannabis distillate oils, samples of which are presently undergoing independent third-party assessment of THC levels and other metrics. Distillate oils are not commonly used as a standalone product, but rather as an ingredient in products which could be enhanced through the addition of concentrated THC ( e.g. , food and beverage, personal care, cosmetics). Although the ability to produce cannabis distillate oils is not unique in and of itself, the Company benefits from several advantages it has as a fully integrated producer which can allow for lower risk, above-average profit margins, and greater supervision.
Cost of Raw Materials: Cultivating cannabis outdoors naturally using sunlight allows for substantially lower costs compared to growing in greenhouses or indoors. Given the ratio of dried biomass needed for each millilitre of cannabis oil, even small differences in the cost of biomass can have a significant effect on the profitability of a producer of cannabis extracts.
Robust Supply: Because the exact yield rate of distillate oil from dried biomass is not always known, producers of cannabis extracts often risk depleting their supply in the event that yields are lower than expected. As the Company’s inaugural harvest garnered 32,500 kg / 71,650 lb of biomass, CLC possesses a sufficient supply of raw material to handle this risk without a significant effect on profitability.
Extraction Costs: Extraction is a function that is typically outsourced by cannabis producers, which tends to be more costly than extracting in-house. The Company owns its Vitalis R-200 CO2 extraction machine and all ancillary equipment, and has extraction personnel on staff. As such, the Company’s relatively low costs of extraction could prove advantageous in reducing CLC’s net cost of producing cannabis distillate oils.
In-House Visibility: Another disadvantage of outsourcing cannabis extraction to a third party is a lack of ongoing visibility into the processes. Observations made during each step of the way from initial extraction to final distillation are crucial to ensuring a consistent and high-quality finished product, especially when controlling for operational variables and unique properties of specific strains. CLC’s extraction workflows are designed to gather insights in great depth, which can be analyzed collaboratively to make cultivation and business decisions based on observations from empirical data collected during extraction.
Joel Dumaresq, Chief Executive Officer and a director of the Company commented, “Part of our vision with Christina Lake Cannabis was not just to maximize the advantages that come from growing outdoors, but also integrating as much as we can into our in-house operations so that we can do things other licensed producers cannot necessarily do. There are many moving parts to any agricultural product ranging from the seed, to the setting in which it is grown, to techniques for cultivation, to harvesting, to post-harvest activities such as extraction. We have sought to bring all of this in house which can enable us not only to reduce costs, but also to oversee each and every step to ensure consistent quality. As we work towards making our first sales of cannabis extracts, it is becoming clear that we have done many things right, and we are confident that market reception could reflect this and give us the opportunity to further optimize our strategies for our second year of growing and beyond.” To read this and more news for Christina Lake Cannabis Corp., please visit https://www.financialnewsmedia.com/news-clc/
Other recent developments in the markets include:
Tilray, Inc. (NASDAQ: TLRY), a global pioneer in cannabis production, research, cultivation, and distribution, recently announced that it has been selected by the French National Agency for the Safety of Medicines and Health Products (ANSM) to supply Good Manufacturing Processes (GMP) certified medical cannabis products for experimentation in France. Tilray will supply GMP-produced medical cannabis products to serve patients in need for the duration of the French experiment (18-24 months), due to begin in the first quarter of 2021.
Tilray products will be administered to qualifying patients in the French experiment, for whom existing treatments do not provide sufficient relief from their symptoms, and for therapeutic indications. Tilray has received the necessary regulatory approvals to participate in the ANSM experimentation in France and will export medical cannabis products from its GMP-certified facility in Cantanhede,
Agrify Corporation (NASDAQ: AGFY), a developer of highly advanced and proprietary precision hardware and software grow solutions for the indoor agriculture marketplace, recently announced the pricing of its upsized initial public offering of 5,400,000 shares of common stock at a price of $10.00 per share for total gross proceeds of $54 million, before deducting underwriting discounts and commissions and offering expenses payable by Agrify. The shares of common stock began trading on the Nasdaq Capital Market under the symbol “AGFY” on January 28, 2021.
Maxim Group LLC and Roth Capital Partners are acting as joint book-running managers for the offering. Agrify has granted the underwriters a 45-day option to purchase up to an additional 810,000 shares of common stock to cover over-allotments, if any. The offering is expected to close on February 1, 2021, subject to customary closing conditions.
Sundial Growers Inc. (NASDAQ: SNDL) has recently launched high-quality cannabis derivative products under the Top Leaf brand in response to rising consumer demands for solventless cannabis extracts. This most recent launch is consistent with Sundial’s focus on premium inhalables, following branded retail offerings of flower, pre-roll and vape cartridges.
“We made a strategic decision to produce these premium products based on demand for solventless, flavorful, pure, and potent cannabis concentrates from a growing group of consumers,” said Andrew Stordeur, President and Chief Operating Officer of Sundial. “Our control of the entire manufacturing process from cultivation to extraction enables us to deliver premium quality products on a consistent basis. Adding bubble hash and other advanced concentrates to our product portfolio will expand Sundial’s share of this rapidly expanding market segment.”
Canopy Growth Corporation (NASDAQ: CGC) (TSX: WEED), a world-leading diversified cannabis, hemp, and vaporization device company, recently announced the launch of Martha Stewart CBD for Pet – a new line of scientifically-backed CBD wellness solutions for canines developed by Martha Stewart with her own beloved dogs in mind.
The Martha Stewart CBD for Pet product portfolio includes oil drops and soft-baked chews in three gourmet flavor combinations and formulas – Wellness, Calm and Mobility – designed to support pet mental and physical well-being, reduce the effects of everyday stress, and maintain joint health and mobility by harnessing the power of CBD and other ingredients. The product packaging is inspired by Stewart’s own Chow Chows and French Bulldogs.
“My dogs are not only my companions, but they are part of my family, and I prioritize their emotional and physical well-being as I do my own,” said Martha Stewart. “Just as CBD can support human wellness, it’s been shown to improve the quality of life for pets as well. With the help of the scientists and veterinarians at Canopy Animal Health, I’ve created CBD oil drops and savory soft-baked chews designed to support the health of dogs of all ages, sizes and breeds in delicious gourmet flavors that your canines won’t be able to resist.”
DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated forty five hundred dollars for news coverage of the current press releases issued by Christina Lake Cannabis Corp. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
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New York Cannabis News | Will New York Legalize in 2021? – EuphoricRealms
Marijuana Medical Benefits
Okay now that is supposably legal in New York I need to know all the information possible. Am I allowed to have seeds and buy them? If I Grow three plants and it’s more than 3 oz which it will be is that a felony still? Is it in effect right now if I got caught with 3 oz of weed which I really don’t ever carry that much. Who needs 3 oz unless you’re growing each plant could be up to a pound LOL I need to know everything and anything to know about the new law is it in effect immediately right now? They have busted a dealer where I live will they expunge him probably not? Medical the medical is a joke nobody can afford it $75 a half gram Vape you can’t even buy a bud is a probably just like that legal marijuana is probably a joke. Well I would say just to barely get by I smoke about a half-gram day it cost me $120 in it last me 24 days. I want to grow my own I cannot afford it anymore. I do not want a medical marijuana license if they’re going to not ever let me own a gun and that’s what they do in New York. You have to pay $200 or more to get a medical marijuana license I don’t need one now I’ve been waiting for this a very very long time like my whole life. I hope it ends up being a good thing but right now it seems like everybody wants the money and nobody cares if it helps people and the giant conglomerates will take over and have the Monopoly and nobody could afford to have a weed shop unless you’re a millionaire well if you could have a weed shop you probably would be a millionaire. And they would be getting their tax money wouldn’t they? I am an extremely strong weed advocate. But as in anything else if you do it too much not a good thing. Is it legal to make your own dab? I don’t want butane in my weed I want to press it! We need to know the laws I don’t even think the cops know the laws now
I live in NY State and I have an expired license which I received it from a doctor in PA actually. I have 2 stores near me for edibles and maybe a lotion lol. We all need vapes or flower! I have Severe Post Traumatic Stress Disorder and I have to buy off the street because I have no car or a way of getting to the dispensary. There is a new store for CBD in town but I would like to vape. I love growing like two plants at home, I’m always learning. I would like to be a care provider. I have a degree in Psychology and Sociology as well as being able to play like any instrument. I would love to be a Music Therapist. Also in my experience I have come upon smoke that is laced with fentanyl or something like meth! Not good!
I wish I could hear Nancy, her volume is literally half everyone else’s
There are things that I thought would never happen in my lifetime. Cannabis legalization was #1 on my list, followed by #2 An end to the Babylon System. #1 seems on track, #2………
Not one of these people, including that so called legal advisor for NORML, has a clue. Go learn what Federalism is, and then NORML will know why it hasn’t once succeeded in 50 years.
NORML is the most useless cannabis organization ever. They haven’t ever succeed in 50 years legalizing anything. They have completely failed from the very beginning. They haven’t passed a single state law legalizing cannabis in 50 years of trying.
It’s a joke in NY I hate that I have to get a stupid vape pen that’s expensive n it sucks. I grow my own flower n that’s that idc what happens
Long Island here. They will be broke after this pandemic, they will have to legalize it. It will be a shit show like everything else.
Glad to see Nancy is still working with ESN.
I want the packaging to be organic and/or biodegradable
As long as we get personal cultivation all the other junk means nothing let the people grow!
Hey can yall do a vid on fl laws
I can’t wait
One thing you are wrong about is Illinois having a good system Illinois is a terrible system lack of quality products and awful taxes and pricing
Come to upstate I’ll hook ya all up lol
I’m a patient and have been for 3 years,honestly I’ve been to the dispensary twice..why pay $300 when you can pay 200 or cheaper?!..until the price comes down dramatically I’ll be supporting the local guy..
Has anyone discussed Georgia? I have two acres of medicinal herbs and elderberry. I would like to add some CBD. Thank you for any direction.
This showed up on my recommendations. It’s from over a year ago. This guy is claiming that Biden’s program could end up making cannabis a schedule 2 narcotic there for squashing the legal cannabis industry and turning it over to big pharma. How much truth is there to this?
Cuomo is 🗑
Defunding the police and decommissioning the police are two different things. they generate their own funds anyway, the dirty way.
Do we know if they are also reworking License prices with this bill. Id rather not try to start a cultivation business and have to pay $210,000 initially (app fee and initial registration fee) just to get the license. Other places like Colorado, California, and Delaware initial licenses is only up to $6,000? Would really love to try to start my own business fore cannabis.
Yup you’re always be a black market price is too high they keep out the people that were in the market before it became legal by denying felons Licenses and therefore you create a black market
New York is the worst for MMJ their prices are insane and they only offer vapes lotion or pills
Greetings from Canada , can’t believe you people still can’t grow your own plants , hope that changes for you , it’s wide open here most people I know have garden’s and even press they’re own concentrate , cannabis supplies available everywhere , seeds , clone’s ………come on up !!
Nope all talk and no walk Cumo never comes through in Nazi Ny
I’m sure big corporations will run the industry in NY with laws prohibiting small farmers from growing cannabis. they did it with hotdog carts with one or two companies monopolizing the business it’s hard to imagine them not doing it with cannabis
To much emphasis on medical. The best way for medical patients to get high quality, affordable, pesticide and chemical free cannabis is to buy some seeds, get a few 5 gallon pots of dirt, put the seeds in the dirt and watch them grow. Best social equity program is to get police to stop harassing black people. Problem solved. Legalize it! Let people grow their own meds!
Drop prices or let us grow. We all have ptsd from this shit life. This issue has ostracized us from our families who caused the ptsd. Do something to bond us. Make it recreational it’s the key to what’s missing in the world. Our endocannabinoid systems need it.
Rural ny med patient here , i pay 150$ a year for my card but I have to drive 45 minutes to buy 1/2 gram cart that last me a couple days costs over 100$ each and they are often out of stock . On the black market that 100$ can buy me a month supply . Its sad . I feel like the state is at fault .
The monopoly on cannabis here in ny is the worst . I wish they allowed homegrown like other states because getting my meds is expensive and hard to find .
They just need to legalize marijuana in all states because they will be less deaths due to narcotics pills and benzos that the government is pushing on patients i live in Connecticut ive been sober for 8 years thanks for medical marijuana i grew up in long Island i hope it becomes legalized every were
Dont forget ….concentrate cannabis is not treated as cannabis..they treat it like heroin in ny!!!
I can tell you, because NY is ran by lying thieves. Sorry Nancy.
Much Love and Reverence from WNY as a patient.I’m really looking forward in price drop cause the Vape Cartridges that are normally $10-60 for 1 gram Live Rosin or Distillates with reintroduced Cannabis Derived Terpenes.Now in California,Nevada,Colorado,SD,and Arizona are reasonably priced versus NYS ridiculous $75-$85 per .5(half gram) Cartridge for Chronic patients.Now multiply that for a monthly supply it’s ridiculously expensive for someone who really needs it.Reform really needs to happen to those who are low income and also Free Trade Practices so it isn’t so Ridiculously expensive to Open an Operation to run a new business to create competition and revenue..Not sure what Corrupt Cuomo is doing.smh
Freedom of choice, yeah 👍💚🐯
Homegrow is crucial for affordability. If you have the space you can harvest perpetually and keep yourself supplied.
Cuomo created a terrible bill that has no chance of passing
I’m confused my Google says New York City has already been legalized
I wish I could hear Nancy, her volume is literally half everyone else’s
Research Discovers That Cannabis Was Domesticated in China 12,000 Years Ago
Research Discovers That Cannabis Was Domesticated in China 12,000 Years Ago: Originating from northwest China, it was used for clothing and medicine.
With the help of scientists in Switzerland, Britain, India, Pakistan, Qatar and China, the findings were published in the Science Advances journal, where 110 genomes comprised of anything from feral plants to modern hybrids were identified. It was determined that China has been using Cannabis for millennia in its textiles as well as for medicinal and recreational uses.
“We show that Cannabis Sativa was first domesticated in early Neolithic times in East Asia and that all current hemp and drug cultivars diverged from an ancestral gene pool currently represented by feral plants and landraces in China,” the report read.
Cannabis, at the time, was split into two categories for different uses — tall unbranched hemp plants that would yield more fiber material from the main stem, and short plant marijuana with more flowers for resin production. The findings went on to state, “Contrary to a widely-accepted view, which associates cannabis with a Central Asian center of crop domestication, our results are consistent with a single domestication origin of Cannabis Sativa in East Asia, in line with early archaeological evidence.”
DISCLAIMER: We discourage illegal cannabis consumption. Please be mindful of your local rules and laws on the use of marijuana.
Proof that the species was capable of symbolic expression.
Named after the “God of Chaos.”
Found only in those who grew up playing the video game.
Look back at the rise of the MCU.
“If u don’t like me doin this or anything I do, please don’t buy my albums, don’t come to my shows.”
Less than a year after its release.
Some sneakerheads exploited a loophole.
Raising funds to rebound from the pandemic and for potential acquisitions.
From Cannetille gold and silver thread-embroidered Saddle Bags to hand-painted berets and more.
“Hi Haters,” LeBron James wrote on Twitter.
With glow-in-the-dark accents.
“Sunscreen” is the only scent you’ll want to wear when it’s warm.
Identified as a “games-concerned personnel.”
Chuck Schumer says federal marijuana legalization and expungement is Senate priority
Congress is closer than ever to legalizing weed — and the leader of the Democratic-majority U.S. Senate says he’ll use all of his political power…
- Shutterstock / Lev Radin
- On Wednesday, U.S. Sen. Chuck Schumer introduced the Cannabis Administration and Opportunity Act.
Congress is closer than ever to legalizing weed — and the leader of the Democratic-majority U.S. Senate says he’ll use all of his political power to make it happen.
A day after unveiling proposed legislation to end federal cannabis prohibition, Senate Majority Leader Chuck Schumer, a New York Democrat, said that doing so was a top priority.
“I am the first majority leader to say it’s time to end the federal prohibition on marijuana and as majority leader, I’m going to push this issue forward and make it a priority for the Senate,” Schumer said Thursday, according to The Hill.
On Wednesday, Schumer introduced the Cannabis Administration and Opportunity Act, which would legalize marijuana by removing it from the Controlled Substances Act, allowing for it to be taxed and regulated.
The bill would allow financial services such as bank accounts and loans for legal cannabis businesses. Even though many states, including Michigan, have legalized marijuana for recreational use, it remains a Schedule 1 banned drug in the eyes of the federal government, which can put many legal businesses in hot water when it comes to banking.
The proposed legislation would also immediately expunge the criminal records of people with low-level marijuana offenses.
Sen. Corey Booker of New Jersey and Ron Wyden of Oregon, both Democrats, are sponsors of Schumer’s bill.
“At long last it would take steps to right the wrongs of the failed war on drugs,” Schumer said.
The federal proposal comes as other states blow past Texas in legalizing weed for personal use and widening is medical availability. At present, 18 states and Washington, D.C. have made it legal for recreational use.
During its most recent session, the Texas Legislature expanded the state’s “compassionate use” program to include people with cancer and post-traumatic stress disorder. However, it stopped short of allowing usage by people with chronic pain, a setback to weed proponents.
Marijuana advocates also say Texas’ new rules don’t allow high enough levels of THC to make a difference for patients with severe needs.
San Antonio Current Editor-in-Chief Sanford Nowlin contributed to this story.
A version of this story first appeared in Detroit Metro Times, an affiliated publication.
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