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In Ohio, nearly 80% of Lakewood residents voted “yes” to legalize recreational marijuana last November. City officials are addressing overwhelming voter support for Issue 2 with a new cannabis-centered law.Issue 2 authorized the non-medical use of marijuana for individuals 21 years of age and older, including regulations regarding the cultivation, processing, sale, purchase, and possession of marijuana.Lakewood and other northeastern Ohio municipalities are updating their ordinances to better align with the language set forth in the initiative. For example, the city is currently complying with state law that allows residents to possess 2.5 ounces of marijuana or grow up to…
Hybrid lighting installations and custom spectra drive innovationMONTREAL , Sept. 30, 2024 /PRNewswire/ – Sollum Technologies is pleased to announce that Greentone, a leading cannabis production company located in Bécancourt, Quebec, has selected Sollum®'s advanced LED grow light capabilities to enhance production. I'm proud of that. In line with Greentone's goals, the Sollum team developed a customized 50/50 hybrid lighting installation that combines state-of-the-art Sollum LED fixtures with traditional HPS technology. This partnership marks a significant milestone in the growth of Sollum's cannabis producer portfolio and highlights the company's ability to provide customized dynamic LED lighting solutions. Greentone, a leading…
Parties to the Convention on Biological Diversity (CBD) have made it possible for countries to access their genetic resources by requiring users to obtain prior informed consent (PIC) and accept mutually agreed terms that guarantee benefit sharing. recognized that there is a sovereign right to regulate access to However, the rules for accessing digital sequences of information (DSI) generated from these same sovereign genetic resources are generally unclear. DSI is typically held in an online, open-access database and is used separate from physical access and associated permissions. DSI addresses issues of concern under the Convention on Biological Diversity (CBD) under…
Last week, the weed industry saw a number of legislative campaigns, crackdowns, complaints, and a trickle of workers unionizing. It's been an eventful week and there was a lot to catch up on. Find out what happened last week with this quick summary. Monday, September 23rd Missouri's social equity program is under increased scrutiny, facing allegations of out-of-state exploitation and predatory contracting. A group of homeowners in Stamford, Conn., is trying to overturn the state's cannabis program through a zoning lawsuit. A fourth California testing laboratory has had its license revoked amid an ongoing investigation into THC potency inflation and…
Filmmaker Daniel Rohr's Oscar win last year for his feature-length documentary “Navalny,'' about Russian dissident Alexei Navalny, meant high praise for CNN Films. The department chose to fund and publish a damning record of Russia's attacks on its country's biggest critics, when most would not.However, that moment of victory was met with a harsh reality. A few months ago, CNN announced that it would drastically cut back on original documentary series and film production as part of a company-wide cost-cutting initiative. The news was shocking for the documentary world and foreshadowed further contraction of the industry.”By the time 'Navalny' hit…
Recreational marijuana sales in Ohio exceeded $76.2 million in less than two months. According to the Ohio Department of Commerce's Cannabis Control Division, total recreational marijuana sales in the state were $76,280,490 as of Sept. 21. In Ohio, non-medical marijuana transactions are subject to a 10% tax at the point of sale. Recreational marijuana sales began in Ohio on August 6th, with sales topping $11.5 million in less than a week. Last November, 57% of Ohioans voted to legalize marijuana with the passage of Issue 2, making it legal for Ohioans over the age of 21 to grow their own…
The cannabis industry can learn valuable lessons about sustainability from an unlikely source: Big Tobacco. After 23 years in the tobacco industry, including a stint at SWM International (a 400-year-old paper pioneer providing specialty papers for cigarette filters, wraps, and chips), I have become more aware of regulatory obligations and the environment. We have seen first-hand how concerns are forcing companies to respond. Innovate and adapt to sustainability-focused markets. Now, as Managing Director of Botani, SWM's cannabis specialty marketplace brand, I apply this knowledge to the nascent cannabis paper industry. We leverage cutting-edge advances to address similar challenges and opportunities…
Key Cannabidiol Market Statistics for 2024 The CBD market is forecast to reach $6.93 billion by 2029, growing at a compound annual growth rate (CAGR) of 0.9%. North America, and the US in particular, is the largest CBD market, valued at $2.58 billion in 2024. Germany’s CBD market is forecast to grow from $430 million today to $440 million by 2029, highlighting slow but sustained growth. Japan has approximately 17.24 million CBD users and is forecasted to reach 21.66 million by 2029. The global CBD nutraceuticals market is worth $4.5 billion in 2024, and it could grow to $17.9 billion…
Employees are gone.getty The U.S. labor force is growing very slowly, and that growth is primarily due to immigration rather than natural increase. The labor force participation rate has remained flat. However, many business attitudes developed when labor was plentiful. This is the message from Lightcast's report, “The Rising Storm: Building a Future-Ready Workforce to Tostand the Promering Labor Shortage.” This excellent report summarizes where we are now, where we are going and advice for employers. Key elements of our demographic future have been in place for years and highlight the importance of business leaders understanding how these changes will…
China's aggressive economic stimulus has caused a significant rise in stock prices, and although many analysts say the measures are not enough to solve China's economic challenges, the measures have boosted sentiment. , aims to break the negative feedback loop between the market and the economy. Thank you for registering! Access your favorite topics in a personalized feed on the go. Download the app By clicking “Sign Up”, you agree to our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our settings page or by clicking “unsubscribe” at the bottom of the email. Skepticism…