On April 21, 2022, a handful of cannabis retailers in the Garden State opened their doors to adults over 21, launching adult use cannabis sales in New Jersey. One month and over $24 million later, the state’s legal market is beginning to blossom.
With cannabis industry M&A activity surging, qualified buyers could be tempted to short-circuit traditional due diligence in order to move quickly. However, given the other special challenges the cannabis industry poses, thorough due diligence is essential to a successful deal.
Canopy Growth Corporation, one of the largest cannabis companies in the world, announced the acquisition of Jetty Extracts this week for $69 million. The acquisition follows a similar pattern of their recent acquisitions, increasing their North American footprint in the cannabis market considerably.
Cannabis Labs Virtual Conference
For six years now, we have been hosting this complimentary collection of webinar presentations, designed to help attendees better understand some of the more technical aspects of starting and operating a laboratory. We will take a deep dive into cannabis testing, laboratory accreditation, R&D testing, authenticity and more. Take a look at the presentations and speakers below for more information.
Attendees registering for this complimentary series of webinars will get access to seven veterans of the cannabis lab testing industry, who are all available for Q&A after each presentation. In addition to getting the opportunity to chat with these subject matter experts on June 14, a recording of the presentations will be made available to all who register.
Practical and educational information from experts in the cannabis lab testing industry, all on the same day and all from the comfort of your lab, home or office. Want real inside knowledge on the cannabis testing industry? Sign up today!
Last week, the U.S. Food & Drug Administration (FDA) published a consumer warning regarding food products containing THC and the risk of children accidentally eating them. Between January of last year through April 24, 2022, the FDA says they have received more than 100 adverse event reports involving people (both adults and children) accidentally consuming THC-containing products.
The importance of college education in the hiring process is fading and an emphasis on it can lead to payroll premiums, poor productivity and high turnover. Instead, look to technical and soft skills and develop your company’s pipeline of non-degree employees.
Aurora Cannabis announced today that the company has launched three new EU GMP cannabis extracts for patients in the United Kingdom. Sourced from Aurora’s facility in Denmark, the terpene-forward extract line will be available starting this month.
Banking cannabis-related businesses can be challenging. Banks and nonbank financial institutions should understand and consider their risk appetite, and document, articulate, and implement necessary precautions and other controls.
The 2022 Extraction Virtual Conference. Check out sessions from this virtual event like: The Future of Cannabis Concentrates: in Hydrocarbon Extraction & Manufacturing; Extraction Optimization Through Artificial Intelligence; and How the Notorious CO2 Became a Superhero: SFC for Green Cannabinoid and Terpene Purification.
Thirteen dispensaries in the Garden State open their doors to all adults over 21 today. Following delays and controversies surrounding licensing, New jersey’s adult use cannabis program is finally launching.
