THE BLOG

28
Aug

Is It Really Okay to Drive While High?

Driving under the influence of THC doesn’t always equate to cruising down the road while enjoying some good music or running a quick errand or two without giving it much thought. Only recently is the issue of driving after the consumption of cannabis coming to light as a problem that must be addressed. This is most likely because cannabis, unlike alcohol, is a truly natural herb. In fact, only 29% of people have considered driving high to be a problem, according to a 2015 Gallup Poll – but the effects of THC on the brain must be taken into account.

The effects of THC vary based on the individual.

weed

Everyone has a different reaction to THC, but it is known to affect multitasking abilities, short-term memory, reaction time, and peripheral vision – these are vital functions that are imperative to road safety. While THC can aid in anxiety relief, it can also cause users to feel overly relaxed or in a sedated state, lowering alertness on the road.

The verdict is still out on just how dangerous it is to drive while high.

driving

Countless studies and reports have proved that elevated alcohol levels in intoxicated drivers are directly linked to traffic accidents and fatalities. On the other hand, there is currently a lack of data available to show the true repercussions of driving while high. Yet, with more focus on this issue, it can be expected to see more widespread studies and conclusive evidence presented in the near future.

It’s better to be safe than sorry.

driving safety

Driving under the influence of THC can cause impairment. The likelihood of traffic accidents and violations is already high enough without adding THC to the mix. Globally, the statistics are staggering, with 1.25 million people dying each year in a car accident with 400,000 being younger than 25, 20 – 500 million people are left with injuries or permanently disabled, and the estimated cost of road related accidents is $518 billion (USD), as reported by the Association for Safe International Road Travel (ASIRT).

We’ll be discussing various aspects of the industry in-depth at CanEx Jamaica! Get your tickets today. 

27
Aug

3 Things to Consider as a Novice Investor

Just last year, it was estimated that cannabis sales came to $6.7 billion dollars (USD). As the financial worth of the industry continues to rise, it’s not surprising that job opportunities are expected to increase and growth potential will remain extremely high in what is now one of the fastest growing markets in the world. Investors are taking note of these observations and looking to cash in while simultaneously supporting companies they believe will succeed. Here are some tips for new investors to keep in mind when investing in this ever-growing industry.

The people have spoken – and they support the legalization of cannabis.

FILE - In this April 19, 2014 file photo, partygoers dance and smoke pot on the first of two days at the annual 4/20 marijuana festival in Denver. The annual event is the first 4/20 marijuana celebration since retail marijuana stores began selling in January 2014. Colorado is now selling more recreational pot than medical pot, tax records released Wednesday, Sept. 10, 2014 show. The state sold $29.7 million worth of recreational marijuana in July, the most recent data available, slightly higher than the $28.9 million worth of medical marijuana sold in the same month. (AP Photo/Brennan Linsley, File)

Public support for full cannabis legalization isn’t stagnant and it definitely isn’t declining. Various studies have found that general consumers and healthcare professionals are in support of using ganja for medicinal purposes, recreational use, and spiritual reasons. This is ideal for investors because it is a testament to the capacity of cannabis companies to reach out to a welcoming market looking to make purchases and keep businesses afloat.

Know in advance how money is handled by the company you are investing in.

piggy bank

Banking options are limited for cannabis businesses. Legality treads a fine regulatory line in this industry, one that many banks are not equipped to interact with or understand. Cash transactions are typically the result of such limitations, which is less secure for investors and can prevent companies from reaching their full financial potential.

Consider a company’s abilities to remain relevant.

successful companies

The industry’s rapid growth is undoubtedly something to celebrate. And yet, the drawback to this isn’t always acknowledged by new investors. More growth in a market means there will be more competition. A company that is holding steady in the beginning may not always be able to keep up with the changing times as laws evolve and more competitors surface with similar products.

Come discuss cannabis investment opportunities at the CanEx Jamaica Business Conference and Expo on September 1, 2017 in Montego Bay. Get your tickets today!

27
Aug

Legal Cannabis Sales Proving to Stay Popular

FinancialBuzz.com News Commentary

According to a report by Arcview Market Research, sales of legal cannabis products are projected to top $20.2 billion by 2021 in North American alone at a compound annual growth rate of 25%. The report mentions Canada as it moves towards implementing legislation to legalize cannabis for recreational use. Arcview’s editor-in-chief, Tom Adams stated according to Forbes, “The only consumer industry categories I’ve seen reach $5 billion in annual spending and then post anything like 25% compound annual growth in the next five years are cable television (19%) in the 1990’s and the broadband Internet (29%) in the 2000’s.” Global Payout, Inc. (OTC: GOHE), SinglePoint, Inc. (OTC: SING), CV Sciences, Inc. (OTC: CVSI), Medical Marijuana, Inc. (OTC: MJNA), Greengro Technologies Inc. (OTC: GRNH).

The report points out how economically beneficial retail cannabis sales were in states that legalized the products for medical and recreational use. “Sales taxes in state-sanctioned cannabis markets totaled more than $500 million in 2016 in ColoradoWashington, and Oregon alone, and $836 million since adult-use sales began in 2014. Nearly 1.9 million North Americans are legally using cannabis to manage conditions as severe as polymorphic seizures and as common as chronic pain, while millions more are consuming it legally in adult-use states with little or no negative impact,” according to the report.

financial buzz

Global Payout, Inc. (OTC: GOHE) recently announced that its majority owned subsidiary, MoneyTrac Technology, Inc. (“MTRAC”), has completed an agreement with H Smart Inc. (a division of Marijuana Company of America, “MCOA”), a developer and distributor of innovative wellness and Cannabidiol (“CBD”) products, for the use of MTRAC’s financial technology platform. The technology available in MTRAC’s platform, via software developed and provided by Virtu Network Solutions, will be utilized by H Smart for payment of commissions to H Smart’s affiliates. GOHE projects that these load payments and bank account transfers will generate substantial revenue to MTRAC that will be realized this fiscal quarter.

H Smart will provide MTRAC with a pivotal opportunity to enter into the emerging CBD market, which according to information provided by the Hemp Business Journal, is estimated to grow to a $2.1 billion market in consumer sales by 2020, representing a 700% increase from 2016. MoneyTrac COO, Vanessa Luna says, “This agreement with H Smart is another example of MoneyTrac’s ongoing commitment of identifying businesses in alternative market sectors that can benefit immensely from the financial technology solutions our platform is equipped with. We are very excited to be given the opportunity to integrate our technologies into this rapidly-growing CBD market, and look forward to becoming a valuable resource to H Smart as they work to expand their market reach within the Wellness Industry.”

Robert Hymers, CEO of H Smart says, “H Smart’s core mission is to provide educated consumers with access to the highest quality CBD technologies and products. The financial technology solutions that MoneyTrac will deliver will help create the most efficient transaction process for our affiliates who will be at the forefront of marketing our innovative wellness and CBD products to consumers.”

The Company expects for MTRAC to continue identifying and extending their technology platform to the many businesses currently operating in alternative market sectors, all while growing revenues and building value for its shareholders.

SinglePoint, Inc. (OTC: SING) is a full-service mobile technology provider. SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed the company is providing products and services to the cannabis industry. On June 27th, the company announced that its recently acquired DIGS Hydro subsidiary has received a major purchase order from Premier Biomedical. William Hartman CEO and Co-founder for Premier Biomedical stated, “This significantly increases the company’s initiatives and enables us to grow the revenue of the offerings we have. We look forward to working with DIGS Hydro and SinglePoint to continue building our relationship together.”

CV Sciences, Inc. (OTCQB: CVSI) operates two distinct business segments: a drug development division focused on developing and commercializing novel therapeutics utilizing synthetic CBD; and a consumer product division in manufacturing, marketing and selling plant-based CBD products to a range of market sectors. On July 20th, CV Sciences announced a recent clinical study using pharmaceutical grade cannabidiol (CBD) which suggests that CBD may be effective in blunting the rise in blood pressure associated with stress. A June 2017 report published in the Journal of Clinical Investigation Insight stated, “A single dose of cannabidiol reduces blood pressure in healthy volunteers in a randomized crossover study.”

Medical Marijuana, Inc. (OTC: MJNA) announced on August 1st that its subsidiary Kannaway achieved its largest revenue in a single day on July 25th. Sales on July 25th were given a boost, thanks in large part to a promotion the company was running on CBD hemp oil product packages that allowed customers to save big on Kannaway’s popular products. “Kannaway’s revenue has grown for 16 consecutive months, and we anticipate July revenues will surpass June,” said CEO Blake Schroeder of Kannaway’s remarkable achievement. “We look forward to setting new records as our company continues to grow and enter new markets.”

Greengro Technologies Inc. (OTC: GRNH) is a provider of eco-friendly green technologies with specific domain expertise in indoor and outdoor agricultural science systems serving both the consumer and commercial farming markets. The company brings together community and commerce through the growth and distribution of healthy, nutritious foods and vital medicines backed by science and technology. On July 10th, Greengro Technologies announced that its majority-owned subsidiary Biodynamics, LLC, Akron, Ohio, has been awarded a contract to sell a branded photovoltaic (PV) solar glass hydroponic vegetable greenhouse as part of a $17 million purchase agreement with GH Farms Group, LLC, an Ohio-based greenhouse company. “We are very pleased to be moving forward with the vegetable-growing sector of our operations,” said Greengro Technologies CEO James Haas. “Our indoor growing technologies have enormous potential across many types of agriculture applications and we expect to become a major competitor in the space.”

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27
Aug

Health Canada Gives THC Green Light to Sell Dried Marijuana

THC BioMed Intl Ltd (“THC” or the “Company”) (CSE: THC) announces that it is now authorized by Health Canada to sell dried marijuana to registered patients under the ACMPR. THC already sells starting materials to eligible customers.

 “THC is thrilled that it can now fill orders and accept new clients,” said John Miller, CEO of THC. “Our inventory is ready. Authorized customers can order from our new website www.thcbiomed.com and have products shipped directly to their homes. Our high quality, organically grown, dried marihuana will be available in 29 strains. Our pricing structure reflects our mandate of supplying good quality marihuana at an affordable price.”

Compassionate pricing of $4.20 per gram is available for interim supply to home growers that purchase starting material from THC Biomed.

Our normal pricing will be $6 per gram for any of our 29 available strains regardless of their THC content. We believe a single pricing structure is more beneficial to patients and will allow them to explore all our strains. Research has shown that higher THC levels do not necessarily equate to a better experience. We promise Canadians a very unique and high quality product.

This is a very important milestone for THC, as it allows us to compete directly with our peers, regardless of their present size. We believe as the industry matures, cannabis companies will need to show investors actual profitable revenue and this is where we will be leaders. While we understand that investors want an upward curve, this must be achieved through genuine fundamentals and not hype.

We are also pleased to report that we have had our license renewed until 18 February 2020. This is the longest renewal we have seen to date, and it signifies the confidence in our methods and control systems. THC has begun expansions of its current facility and in anticipation of the recreational market, we are currently engaged in acquiring 2 new sites to construct Canada’s largest Indoor cannabis facility. We intend to be Canada’s leader in indoor cultivation.

A report from Mackie Research dated April 8, 2016, estimates that the medical marihuana market in Canada will earn $567,000,000 in 2018 and more than billion dollars a year market by 2020. A report in the Financial Post dated April 20, 2017 estimates the international medical marihuana market to be worth approximately $50 to $100 billion a year.

27
Aug

Sugarmade Announces Details of BudLife Cannabis Storage Products

Sugarmade, Inc. announces new details of its upcoming BudLife product line, the first patented, container system designed to maintain the integrity of cannabis during long-term storage. Sugarmade and its manufacturing partner, Plantation Corp., have been testing several prototype versions of BudLife over the past few months. The R&D effort and testing program has proven very successful resulting in the creation of a unique and near optimal atmospheric packaging environment for cannabis. This packaging environment helps to preserve THC and terpenes, and preserves other key attributes of cannabis.

Budlife is now in its 4th generation of prototyping with maintenance of the controlled vessel environments being held for several months. The Company plans to launch the first product from BudLife, a one-pint mason jar based unit designed to hold one ounce of cannabis.

“BudLife storage technology is super high tech, unique and strongly protected by multiple U.S. Patents,” said Jimmy Chan, CEO of Sugarmade. “Cannabis quality has increased a lot over the years, but maintaining this high level is not an easy task.  As quality slips during storage, so does value. This is why we have created BudLife. We look forward to being the exclusive distributor of BudLife products to consumers in arguably the single largest cannabis market in the world, the U.S. states of CaliforniaOregon and Washington.”

The White Paper, titled, “Cannabis Storage – The Active Packaging Market Opportunity and Technical Requirements” can be accessed at http://bit.ly/2sQnqw1. Additional information can be seen at the new website at http://www.BudLife.net.

27
Aug

Terpene Experts – The Industry Leading Terpene Profiler Launches Online Store

LOS ANGELES, Calif.– Terpene Experts, the leading terpene profiling manufacturer in the cannabis industry, launched its online store last month at terpeneexperts.com.

The company, which specializes in custom profiling, carries a line of classic varietals for purchase on their website. “There are really two levels to the business,” said CEO Oren Cohen. “There are unique, bespoke solutions and there’s one-size-fits-all. I am happy that I can offer both.”

Terpenes are sold by 5, 15, 30, 60 and 120 ml and come in 45 popular blends to start, such as Agent Tangie, Bubba OG and Cake Batter. The staple line is made with the same high grade terpenes and proprietary process as their custom bespoke profiles.

Terpene Experts

“Innovation is a key component of this business and I think that’s where I’ll have the opportunity to differentiate myself amongst my competitors. Right now, strain-specific carts sell more than anything so I’ve got somewhere between 75 and 100 archived for sale on the site,” said Cohen. “And every week I’m appending that… I really want to have the broadest library base.”

When Cohen started Terpene Experts, he learned some companies were using concentrates with the wrong terpene blends. His accuracy and craftwork has made Terpene Experts the #1 supplier of its kind. “Every manufacturer’s distillate, or raw distillate that’s free from terpenes, has a different smell to it, has a different quality,” said Cohen. “Every time I formulate, I’ll do it with my nose first then I’ll verify against the strain report to make sure that I’m ticking off all the boxes for the correct entourage effect for the strain. And so far I haven’t been wrong.”

Along with offering strain-specific varietals online, the company will continue to offer custom profiling services for clients who wish to set themselves apart with exclusive, brand-able blends. All custom terpene profiles are 100% private and never recreated for others.

For more information about services, pricing and turnaround times, California THC-based concentrate manufacturers and national CBD manufacturers can reach Terpene Experts at (818) 532-1056, hello@terpeneextracts.com or visit their website.

 About TERPENE EXPERTS

Terpene Experts is a terpene profiling company based in Los Angeles, CA. They specialize in custom terpene profiles for both THC and CBD concentrate manufacturers using only the highest quality, food-grade terpenes. Their strain varietals are created by carefully matching the complex aromatic profiles of true flower with unparalleled accuracy.

27
Aug

Ohlson Packaging: Upgrading the Cannabis Industry With Automated Packaging

Despite its explosive growth and popularity, the cannabis space is still widely considered to be a fledgling industry with enormous untapped potential. As the legal markets grow, so too must the companies working behind the scenes if they hope to keep up with increasing demands — to address this issue, Ohlson Packaging has introduced the first cannabis-specific automated packaging systems available to cannabis entrepreneurs.Ohlson has helped businesses increase efficiency in their packaging procedures since the company’s founding in 1967. Since then, the company has worked alongside the largest of Fortune 500 brands and small-time family shops alike but only recently turned its attention to the cannabis industry.

Ohlson’s main objective is to provide their customers with customized solutions to help grow their enterprise, making the company a perfect fit for accommodating the intricate requirements of cannabis entrepreneurs who need to stay regulatory compliant.

Ohlson has designed and manufactured a full range of automatic and semi-automatic net weighing and counting machines that are now available to cannabis businesses. The company currently offers three cannabis-specific systems: the Budtender system, a semi-automatic system for weighing and filling cannabis-specific containers, which can reach 15-20 fills per minute; the Producer system, a similar semi-automatic system that is capable of 30-40 fills per minute; and the Processor system, which maintains the accuracy of other builds but is capable of moving at twice the speed when paired with one of Ohlson’s fully automatic bagging systems.

The systems work alongside any of the packaging options typically found in the cannabis industry, including but not limited to jars, medicine bottles, cups, and re-sealable plastic bags; the systems also work with any of the industry’s popular products, including cannabis flower, wax, shake, edibles, oils, and pre-rolls. Ohlson has engineered all of their systems with an emphasis on accuracy so that when filling a container with cannabis product there is guaranteed accuracy within one-tenth of a gram.

Nancy Weber, a sales representative for Ohlson Packaging, admits she had been unaware of the cannabis industry’s maturation until a Colorado business owner reached out about automating their cannabis packaging process. She immediately began her research, and “Wow, was I surprised what an amazing plant this was!” Weber said.

“I immersed myself in the industry and learned that we could re-engineer our multi-head scales to fit into this very specific and accurate industry,” said Weber. “I went to many trade shows, met with small and large companies, visited different grow sites, producers, and processors to show them the economic benefits of using Ohlson’s machinery and demonstrate how it could save them in labor costs year after year, help them keep up with demand, and keep them competitive with other producers.”

Ultimately, Ohlson’s automated packaging solutions drive up efficiency, lower labor costs, and dramatically reduce the rate of accidental product giveaways in every stage of the cannabis packaging process.

For more information or to request a quote, you can contact company representative Nancy Weber at nweber@ohlsonpack.com, call 508-977-0004 x19, or visit www.OhlsonPack.com.

27
Aug

The Steep Hill GenKit: Helping Growers Classify, Document & Safeguard Cannabis Varietals

With big business interests beginning to crowd the industry’s sidelines, many artisan cannabis cultivators are becoming concerned about keeping their unique genetics and intellectual property secure. Steep Hill Labs — an industry leader in cannabis biotechnology, research, and analysis — has a tool that can help: the Steep Hill GenKit gives breeders the ability to properly document their strain’s genetics.

At its core, the GenKit is a grower-friendly tool designed to streamline the early stages of a cannabis plant’s grow cycle. With the GenKit, Steep Hill can offer the earliest possible identification of male cannabis plants, so growers aren’t wasting time on plants that ultimately won’t produce flower — or that might even sabotage their entire harvest. According to the company, the male identification test is 99% percent accurate and only a cross contamination could result in a legitimate error.

The GenKit also offers insights into a strain’s CBD makeup, helping to identify CBD-rich varietals before they reach their flowering stage.

“Using a tiny snippet of a leaf sample, the GenKit allows our team to identify male and CBD-rich seedlings in a matter of days,” said Matthew Cote, Steep Hill’s manager of marketing.

However, the GenKit is more than just a useful tool for determining a seedling’s sex. In fact, the only real method of safeguarding a unique cannabis cultivar is by documenting and recording the scientific makeup of your strain along the way; this will always be the most important preparation when trying to patent your intellectual property. The GenKit ultimately gives cannabis growers the ability to prove that they are the true creators of a certain cultivar.

“The GenKit is any cultivator’s best first step in protecting their intellectual property,” Cote explained. “It’s extra important for people to protect their crop because they might not realize how special it is until it’s too late.”

Each GenKit comes with the ability to test up to eight different strains. The process is simple — Steep Hill requires only a leaf cutting from the plant(s) you wish to sample, and the kit itself comes with eight different sample packets to use. Within days of receiving the sample, the results will be ready. Testing can take between 3-5 business days, potentially more or less depending on the time of year and whether or not the lab is overwhelmed by harvest season.

According to Cote, Steep Hill does not maintain in-depth records for the strains they test, so growers don’t need to worry about compromising the makeup of their most prized genetics.

The GenKit is available for $99 online and in participating grow stores throughout California. However, because the service involves transporting cannabis trimmings by mail, only California growers can currently utilize the GenKit — although Steep Hill Labs has expanded to Washington, New Mexico, Maryland, Alaska, and Hawaii.

Visit SteepHill.com to learn more.

27
Aug

Cova Software Aims to Elevate the Cannabis Dispensary Experience

As Cova settles down from a recent launch party at the NCIA Business Summit & Expo in Oakland, California, the software startup is officially moving forward on its primary goal: to redefine and streamline the experience of shoppers, employees, and business operators in the modern cannabis dispensary.

While calling Cova a “startup” is technically accurate — it’s a new company with a new product making a splash in the cannabis space — this may slightly misrepresent the brand. Cova is actually a splinter company from the established enterprise iQmetrix, which offers integrated point-of-sale (POS) software that is used in more than 19,000 locations across a wide variety of industries.

However, because of the industry’s unique regulatory environment — and because startups are typically more maneuverable and responsive to rapid changes than established companies, who are often entrenched in their strategies — the larger enterprise decided to dedicate an entirely new company to the cannabis space with some of their best designers at the helm.

In fact, iQmetrix designers eyed the cannabis space for several years, considering and identifying the issues that plague many canna-specific POS providers.

The Cova point-of-sale system displayed on a tablet inside the Vancity Weed dispensary in Vancouver, B.C.

“We did a lot of research and worked closely with dispensary owners, managers, budtenders and industry experts,” said Faai Steuer, Senior Marketing Strategist for Cova. “Our goal is to make sure that we build the right product that really relieves their pain points and creates great experiences for everyone.”

According to Steuer, market research unveiled a trend of cannabis operators who were unhappy with their POS software. Some business owners complained that software was either confusing or not user-friendly, others complained about a lack of support services from their current provider, and some have experienced system downtime due to their provider’s security issues — which, in an industry so heavily focused on regulatory compliance, can lead down a slippery slope of non-compliance.

“We know that soon dispensaries in California and other states will have to deal with compliance. Our POS is geared to help dispensaries simplify their compliance process and run their store efficiently,” Steuer said.

Cova software is designed to limit budtender errors and includes helpful information in the POS itself, so even inexperienced budtenders have all the information they need to provide patients a helpful and informative shopping experience.

“Dispensaries are in a unique and complex retail environment that requires an advanced software solution. Cova brings 18 years of retail and technology expertise into this emerging industry,” said Gary Cohen, CEO of Cova. “Our POS is designed to make the complex simple, so we can elevate the dispensary experience.”

A dispensary worker and a patient discuss options using the Cova POS display.

In addition to new point-of-sale options, Cova also offers touchscreen menu technology and digital signage to help patients and shoppers find and learn about the products they want. With Cova’s tech, dispensaries can even customize their menus individually so that customers who are unfamiliar with cannabis can be given a soft exposure to the world of choices offered in most dispensaries, while experienced consumers can dig a bit deeper into a retailer’s inventory and various cultivars.

“Our philosophy is to simplify your life, not create more work,” Steuer said. “Our purpose is to create a great experience for people who use the software and for consumers.”

To learn more about Cova’s exciting new software suite, visit www.CovaSoft.com, schedule a demo, or contact a company representative at hello@covasoft.com.

 

24
Aug

Watch This: Mike from Smokers Guide Canada talks with CanEx Jamaica Speaker Ras Iyah V

Mike from Smokers Guide Canada talks with Ras Iyah V, President of the Westmoreland Hemp and Ganja Farmers’ Association and organizer of Rasta Rootzfest.

Who is Ras Iyah V?

Verald Vassell more popularly known as Ras Iyah V, a Rastafarian for over fifty (50) years is highly considered a Ganja Advocate and defender of Human Rights in Jamaica. He is currently the Chair of the Westmoreland Ganja Farmers Association. He is also a Member of the Board of Directors of the Cannabis Licensing Authority , Co-Chair of the Rastafari Nyabinghi Administrative Council, Former Chair and founding member of the National Coalition of Grassroot Ganja Farmers and Producers Association, as well as a Former Chair of the Rastafari Coral Gardens Committee. In 2016 Ras Iyah V was invited to the United Nation General Assembly Special Session (UNGASS) where he addressed three (3) different sessions of the UN.  Ras Iyah V is the founder of Rastafar i RootzFest Jamaica’s first Ganja exempt event under the Dangerous Drugs Act Amendment 2015.

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