Cannabis as a market is continuing to improve on a massive level as legalization is hitting across the country and around the world. With the market improving on a daily basis there continues to be updates throughout it.
The Canadian owned company known as TerrAscend Corp. (CSE: TER) recently announced that their subsidiary Solace Health Inc, was granted a license to sell dried cannabis. The license will help the company to offer an online platform for its customers, helping to move cannabis into the digital age. The online platform will help to offer information about different strains and the different cannabinoid profiles of the different strains. Solace has also secured around 1,000kg of dried cannabis with around 15 different strains.
Another update in the cannabis market comes from India Globalization (IGC). IGC recently appointed Carrolee Barlow, MD, PhD to help develop new solutions and treatments for marijuana in the category of Parkinson’s research. Dr. Barlow is widely regarded as an expert in neuroscience and neurodegeneration, which both play into the world of Parkinson’s.
International Cannabrands Inc. (CSE.JUJU.A) recently announced that they are entering an agreement with a local collective in Cathedral City, CA to launch the first ever dedicated Juju Royal section of the store. The idea is more of a concept that will help to bring other companies into the space, helping to give different companies their own identity in the world of cannabis. JuJu Royal products includes cannabis, extracts, vape pens, edibles, and more which means that customers will continue to have higher amounts of access to new products. The dispensary is known as one-of-a-kind because it also offers customers a lounge within the dispensary that allows them to test the product. CEO Jeffrey Britz recently stated that “Cathedral City Care was particularly drawn to Julian Marley and the Rastafarian culture that the JuJu Royal brand embodies. We are very pleased to have this knowledgeable, compassionate group of people to be the first to feature the JuJu Royal Products in their store and we welcome them to the JuJu family.”
A recent partnership between the company MariMed Inc and Kalm Fusion has helped to produce cannabis infused popcorn and a new tincture drink. These mixes are available for the first time eat the state-licensed Nevada dispensaries. This new product will help the growth and expansion of the company on the national level.
Cannabis continues to change the way that we look as the industry on medical products. In the world of weed, one of the main issues continues to be that of legislation. With legislation in the works to make cannabis legal on a national level in the U.S., the hopes are high that the near future will see a higher rate of adoption with the cannabis plant. The growth of the industry has primarily stayed in the states in the U.S. that offer recreational use as an option to individuals. These states such as California and Washington continue to give the best place for businesses to grow in the legal cannabis industry. The next coming years will be very interesting to see as to where the market is able to grow. With 9 states currently having legislation for recreational marijuana including Washington D.C., it is only a matter of time before more states begin to join in. One of the largest incentives continues to be that of tax revenue. The states that have decided to legalize the use of cannabis for recreational use have seen a massive increase in the amount of revenue from the individual level. The hopes continue to be high that the future will only see more growth in such a budding industry.