According to recent statistics, the global cannabis market isvalued at around $27.7 billion, with the market projected to increase to $82.3 billion by 2027. [1] This is unsurprising, considering the cannabis industry is massive, with many moving bodies comprising legal cultivators and producers, independent industrial standards bodies, consumers, regulators and researchers, and ancillary products and services.
With the cannabis industry sector continuing to grow from strength to strength, it should come as no shock that there have been significant developments in the US and global cannabis industry sector in the past few months. In this blog, readers will learn about the latest news in the US cannabis industry sector that is notable.
What Is The Latest News From The Cannabis Industry Sector?
Every day, new news about the cannabis industry is released. Below, we’ve rounded up a few of the top stories that should interest those eager to learn more about the current developments underway and how they impact consumers and producers.
Ohio Is Making Moves Towards Legalizing Recreational Cannabis
Ohio is movingtowards legalizing recreational cannabis. The state’s Division of Cannabis Control has started accepting applications for dual licenses, allowing existing medical dispensaries to also sell recreational cannabis. This move aims to broaden access and curb the illicit market.
As of Friday, June 7th, 2024, the Ohio State Division of Cannabis Controlbegan accepting applications for new dual licenses, allowing existing medical dispensaries to sell non-medical cannabis. It is unknown how long licensing approvals will take, but experts believe that the state could see sales of recreational cannabis products by mid-June.
As of now, only medical dispensaries will be allowed to sell non-medicinal cannabis products, but it is a significant move toward wholly legalizing recreational cannabis. This is especially true considering the new law that was passed allowing adults 21 and older to buy and hold a maximum of 2.5 ounces of cannabis.
Michigan has surpassed California’s Cannabis Market
For years, California politicians boasted, and cannabis advocates boasted that the state is home to the biggest legal cannabis market globally.
Unfortunately for the state, new data released by BDSA, a cannabis analytics firm, suggests thatCalifornia is no longer the biggest seller of legal weed. According to reported data, Michigan has taken over the mantle for the state selling the most cannabis in the US.
The firm’s findings revealed that in March 2024, California sold 21.3 million cannabis products, while Michigan sold 22 million. These products include items like vape pens and flower but not individual user paraphernalia like pipes and rolling papers.
However, although California might not be the state selling the most cannabis products anymore, this does not mean they won’t reclaim the title in the coming months. In addition, California still brings in more money than any other US state from cannabis sales. It is estimated that in the first three months of 2024 alone,California sold $1 billion worth of cannabis, while Michigan – its now closest contender – only sold $786 million worth of cannabis during the same period.
AI Is Being Used To Make Cannabis Cultivation Smarter
It is becoming increasingly popular for indoor cannabis cultivators to use AI and machine learning technology like cameras, alarms, and sensors to maintain optimal growing conditions. There are two primary reasons indoor cannabis cultivators are turning toward implementing machine learning and artificial intelligence technology.
The first reason is that consistency is key when growing cannabis, especially for indoor producers. With the help of AI, growers can maintain consistency across facilities in different states. This is because AI tech allows cultivators to monitor and manage their crops remotely.
The second reason is that machine learning and AI technology are reducing costs. Cannabis growing is a costly business with labor, energy, and other resources incredibly expensive. Using AI allows cultivators to significantly reduce costs as there is a decreased need for manual labor and reduced energy needs.
While it might not be the be-all and end-all solution yet, more cultivators will likely soon beginimplementing machine learning and AI technology into their growing projects.
New York Is Experiencing Cannabis Regulatory Changes
Marijuana operators in New York are more than happy with New York Gov. Kathy Hochul’s efforts to replace the state’s potency tax on cannabis with a flat excise tax.
As of June 1st, 2024, the potency tax has been replaced with the 9% flat excise tax, allowing retail pricing to drop, benefiting consumers. The tax change also benefits operators who were paying in excess of 25% to 30% in tax based on average market pricing.
The potency tax made pricing on certain products excessively high, with products like tinctures experiencing a $60 markup per unit. With the tax change, operators will now have the opportunity to enjoy profitability by reinvesting in marketing and growth.
Essentially, the tax changes allow small and big cannabis companies in New York to better serve their communities with more variety and lower costs, as pricing on the backend is reduced.
President Biden’s Administration Announced A Rescheduling Of Cannabis
President Biden’s administration has announced a significant policy shift regarding rescheduling cannabis under federal law. The current US classification of cannabis as a Schedule I substance puts it alongside drugs like heroin and LSD. This shift, which is the federal government’s biggest in 50 years, will see cannabis beingmoved to a Level III drug.
The proposed rescheduling from Level I to Level III aims to reflect the growing body of evidence supporting the proven medical benefits of cannabis and to address the evolving public and political perspectives on its use. More people are for legalizing cannabis than against it in many states on the fonts of medical and recreational use, so this change is important.
The historic change will harmonize federal policy with state laws where cannabis is legal, reducing the legal complexities and barriers faced by businesses and consumers in the cannabis industry.
Prominent Marijuana Brand Stiiizy Is Facing A Lawsuit
According to a lawsuit filed by a still unknown California high school student, the popular marijuana brand Stiiizy is “marketing dangerous, high potency marijuana vaporizers” to youth. The lawsuit alleges that the brand has knowingly and deliberately triggered a public health crisis among teenagers with its internet and social media marketing that is aimed at getting teenagers and young adults to use the brand’s products.
The plaintiff who filed the lawsuit stated that the brand’s products caused them to go ‘berserk’ in August 2022, when they were 15. It is unknown what damages are being sought, and based on the court docket; there is no indication that Stiizy has been served with a lawsuit yet.
However, the suit alleges that the brand has failed to warn consumers of the very real risks of using their cannabis products. It also alleges negligence, fraud, and product-led design defects. San Francisco-based Rouda Feder Tietjen & McGuinn law firm, which is representing the family and teen,issued a statement saying that the suit: “seeks to hold Stiiizy accountable for the severe and ongoing impact of the mental health issues associated with this defective product.”
The brand is no stranger to controversy, so many are interested to see how the lawsuit plays out and what it could mean for other companies marketing cannabis products to young adults.
Missouri Is Trying To Expand Its Cannabis Industry
As part of the state’s efforts to expand its cannabis industry after it was upended for months after more than 60,000 cannabis products were recalled in 2023, Missouri has implemented a second lottery round.
This lottery picked 48 cannabis microbusiness applicants toreceive a permit. It is believed that 24 microbusinesses received retail permits and 33 received wholesale licenses. There were more than 2,000 applications for retail and wholesale licensing and permits.
This lottery is part of three random lotteries undertaken by the Missouri Department of Health & Senior Services (DHSS) that will be held over 18 months. By the end of it,144 microbusiness licenseswill be issued to cannabis retailers and wholesalers.
Part of the reason for the lotteries is to ensure sales grow to rival or surpass the $1.3 billion in sales secured last year in 2023 after the state launched its adult-use market. Another reason is to ensure widespread recall doesn’t again occur, upending the industry a second time.
Florida Hemp Industry Wins Big After Governor Vetoes Proposed Ban
Florida’s cannabis regulation received a blow when Republican Gov. Ron DeSantis vetoed the proposed ban that would have effectively outlawed numerous hemp-derived products currently in the market.
The governor’s reasoning behind the veto of Bill 1698 passed by the state legislature in March 2024 was that although the bill’s “goals are commendable,” passing it would have “imposed debilitating regulatory burdens on small businesses and almost certainly failed to achieve its purposes.”
The bill aimed to limit how much hemp-derived delta-9 THC was allowed in products.According to Politico, the Florida hemp industry aggressively lobbied DeSantis to veto the bill since it would only allow retailers and producers to sell products with no more than 5 milligrams of delta-9 THC per serving per 50-milligram container. With the bill vetoed there are no such limitations.
New Study Confirms Cannabis Dispensaries Increase Home Values
As cannabis has become more popular, more dispensaries have been developed and, many in residential areas. This has led numerous homeowners to worry that a licensed cannabis business will negatively impact home property values.
Arecent study by Will Begeny has proven that home values don’t depreciate when cannabis growers and retailers open dispensaries. In fact, data broadly indicates that dispensaries are helping to elevate home values in cities with average home prices that are significantly lower than in surrounding areas.
On average, home values increase by two percentage points once an established dispensary starts servicing an area. Study findings suggest that property values increase because dispensaries are creating commercial districts around themselves. This allows everything around them to increase in value at a level of growth beyond that of conventional commercial districts.
The Wrap-Up On The Latest News From The Cannabis Industry Sector
After reading these news stories, you should be caught up on the latest happenings in the Cannabis industry. As news continues to unfold surrounding the US and global cannabis sectors, we will endeavor to keep you up to date.
Lexaria, a global innovator in drug delivery platforms, is exploring its patented DehydraTECH(TM) technology for the oral delivery of glucagon-like peptide-1 (“GLP-1”) drugs.
GLP-1 drugs have shown great promise in addressing diabetes and obesity, with nearly all the major brands administered only through injection devices.
A previous human study by Lexaria evidenced improved bioavailability when semaglutide was administered orally, as compared to standard Rybelsus®.
Lexaria has several additional R&D studies underway, including both animal and human investigations into semaglutide, liraglutide and tirzepatide. Together, those three drugs represent more than 90% of all revenue in the current global GLP1 market.
Data from the United States shows that 54% of adults and 66% of children consume more added sugars than recommended (https://cnw.fm/JNFjW). On average, it has been noted that adults, young adults, and children in the United States consume 17 teaspoons of added sugar daily, which is more than two to three times the recommended amount for men and women, respectively. Extrapolated annually, this adds up to around 60 pounds of added sugar or six 10-pound bowling balls (https://cnw.fm/VamC5).
Numerous studies have linked increased sugar consumption to diabetes. While not directly linked, sugar is considered integral to weight gains, which, in turn, increases their risk of type 2 diabetes. The condition cannot be cured, but it can be managed. Recent studies on glucagon-like peptide-1 (“GLP-1”) have shown great promise in addressing the condition. Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, recognizes the potential of these GLP-1 drugs, and if any of its recent studies are anything to go by, the company is on track to offer an oral delivery enhancement to current GLP-1 options that are in the market today.
People living with diabetes often require insulin shots to manage their condition. Although many types of insulin are available, including long-acting, rapid-acting, and short-acting, none of those can be taken orally to lower blood sugar. This is because stomach enzymes have been shown to interfere with insulin’s action, prompting the use of needles and syringes, or an insulin pen, to deliver the product to the body (https://cnw.fm/utYCj). This has also been the case for GLP-1 drugs.
“Most GLP-1 drugs sold today are administered by painful and expensive injection devices. More effective and tolerable oral delivery of GLP-1 could be extremely valuable to patients and to industry,” noted Chris Bunka, Lexaria’s CEO (https://cnw.fm/Aaqa0).
Lexaria has explored oral delivery of GLP-1 drugs using its patented DehydraTECH(TM) technology since the beginning of the year. So far, its studies have evidenced increased bioavailability, with its WEIGHT-A24-1 diabetes animal study showing a stark decrease in the rate of body weight gain for specific DehydraTECH-CBD formulations and noticeable weight loss for its DehydraTECH-Liraglutide (https://cnw.fm/pHYrf). All of its studies thus far have highlighted DehydraTECH’s potential in treating diabetes and obesity, and the company looks to double down on this research for the remainder of the year.
As the conversation about added sugars, diabetes, and obesity proliferates, the company’s management is optimistic about its ongoing GLP-1 studies. It is also confident that the studies will yield positive results, demonstrating the superiority of DehydraTECH as a drug delivery technology. As a company, Lexaria has already validated the technology’s usefulness in delivering various orally administered bioactive molecules more effectively. Its focus on GLP-1 drugs for the potential treatment of diabetes and obesity speaks to the company’s confidence in the technology and its commitment to stamping its position as a leader in the market.
NOTE TO INVESTORS: The latest news and updates relating to LEXX are available in the company’s newsroom at https://cnw.fm/LEXX
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Adam Mint wants to see the cannabis growers of the Kootenays have an opportunity to finally showcase decades of experience growing craft cannabis to the world.
Mint, the head grower at Paradise Valley Botanics, located near Nelson, British Columbia, received a micro cultivation licence this past March. Although his first crops are just hitting the BC market, he brings more than 30 years of experience growing cannabis in the Nelson area, joining the ranks of many other micro growers in BC’s Kootenay region.
It’s this rich history that Mint hopes the area can build on, finally welcoming the world to experience its deep community history, which has until recently been kept hidden away.
It won’t be like back in the legacy days where every other person was a grower. But I think we can work together in this community to create an area like Napa or Burgundy in France.
“When you have an intense concentration of people who have been dedicated to their craft for that long and have given a lot of time, passion, and energy to try and be the best at their craft as they can be, that’s what I strive for, to try to create the best product I can. I would just love it if we could start to showcase all this work we’ve done for so long that has always been underground.”
Mint is also proud of Paradise Valley’s awards over the past few years, which include first and third place flower and third place for hash at the Unicorn Cup 2021, first place at the Karma Cup 2022, first place at the Solstice Cup 2023, and first place Dab A Doo Cup Hash 2023.
While the region’s cannabis community continues to change, he’s hopeful for what the future holds rather than what it once was. Like many, Mint leans on examples of what BC’s Kootenay region can look like from the different regions that have become known for wineries and wine tourism.
“It won’t be like back in the legacy days where every other person was a grower. But I think we can work together in this community to create an area like Napa or Burgundy in France. Working together to create a regional stronghold that we can promote worldwide. What we have should be broadcast around the world.”
Another way he sees this brand of BC bud being spread worldwide is how many BC micro growers have been finding interest on the international market.
BC has long been known for cannabis, and now, as consumers in new markets can finally buy some, they are finding their high expectations met, he says.
Currently, though, Mint’s focus at Paradise Valley is on serving the domestic market. His first products will launch in BC, hopefully followed by Ontario. Ideally, they will sell into BC’s direct delivery program, especially if he and his partners can secure their processing licence. The processing licence could also allow them to begin making their own hash, a skill Mint says he learned in the 90s in India.
Mint says the team focuses on a high-quality craft product by keeping things small, manageable, and clean. They operate two flowering rooms planted in rockwool with alternating harvests and one room for mothers and vegging.
Mint says he brought thousands of plant lines with him into the legal market when he was licensed—including seeds, clones, and mothers—something he’s trying to work his way through while also working to stay ahead of consumer trends.
“My hope is first that consumers can get past this THC myth. As a grower for 31 years, no one has ever mentioned THC levels before. I just think there’s so much more to it. I could do a blind taste test with someone with a 16%er and a 26%er and I don’t think that anyone would ever say they got more stoned from the 26%. So I hope, as consumers, we can really get past that. And that will mean consumers will have access to a lot of great genetics with a lot of different terpene profiles than what’s out right now.”
Again, he points back to the wine industry.
“When you go on a wine tour, you’re not buying the strongest wine you can buy. You’re buying what tastes good to you, what has an interesting story or farm behind it. And that’s what I think we can build here in the Kootenays, too.”
We are only manipulated to the degree to which we allow ourselves to be. Pull back a few paces from the insanity and you can find yourself in a quiet reflective place having absolutely nothing to do with the relentless razzamataz of the globalist construct.
At this point of time, in particular, it is really important to take such a step on a daily basis. Because the chaos being imposed by the central control system is directly absorbed by our three dimensional five senses, and at that moment is taken to be the sum total of all that is.
But when one draws back and quietens the mind, the centre of attention shifts to the inner heart zone. From here one is able to calmly and rationally assess whatever it is that is troubling one.
Only in this way can one discern the difference between the superficial/fake and the true.
Within today’s highly volatile information field the brain is loaded with a thousand different – and largely contradictory – streams of information which it is incapable of discerning or ordering without first putting them through the filter of an always discerning heart centred awareness. All meditation practices follow the same principle.
This is not what the chaos imposers want us to do, of course. They want us to suffer endless bouts of agitation, stress, fear, anger and ultimately despair. They want to overload our brain cells to the point where our attempt to make sense of what is designed to make no sense, drives large segments of the population to drink, drugs, pharmaceutical sedatives and a lingering form of depression.
This mass sedated state of mankind is worth billions of dollars to Big Pharma and Big Alcohol – and quite obviously supports the general dumbing-down agenda of the deep state.
But there is more to it than this.
The desire to confuse, corrupt and kill-off mankind does not have its origins within the fundamental evolutionary process of sentient and empathic human beings. It should not be confused with the mix of typical ‘hard knocks’ we all have to contend with in the struggle to keep moving ahead.
No, these malevolent actions are essential components of once covert, but now overt, satanic practices based upon an anti-life precept closely related to that of psychopaths and those we call megalomaniacs.
As we go about our daily business struggling to maintain some form of basic equilibrium, it does not occur to most that this nefarious torture regime has its roots in the work of a small but powerful cult which basically despises sentient mankind.
If we clearly understood this, we would realise that trying to use rational thought procedures to explain the deliberately imposed irrational and chaotic, is a worse than useless task.
Their chaos is deliberate and designed to elicit panicked public calls for ‘order’; the imposition of which will be uncompromising. ‘Order Out of Chaos’ leads to totalitarian lockdown.
Those ‘only half’ human, or non-human dictators who we witness today manifesting their seemingly infinite need to torture, control and destroy, are getting their dark energies from what Robert Monroe, the late US researcher involved in the study of human consciousness, termed ‘loosh’.
What is loosh?
Loosh is that form of vibratory energy manifest by emotional expressions, both positive and negative. Both emotionally expressed love and hate will give off loosh.
But in the context of this article I refer to the vibrations given-off by fear, anxiety, anger and despair as providing a form of emotional food for the anti-life forces that show no emotion, no empathy and no interest in the victims of their vampiric full spectrum dominance agenda.
It is profoundly shocking to suddenly recognise that the deeply sick satanic behaviour patterns that emanate from the exponents of loosh mining, have been adopted by very public icons at the top end of the music business, professional sport, global banking and related corporate empires, scientific institutions, politics, religion and increasingly psychotic multi billionaires seeking to exert their domination over all aspects of planetary life.
Within the many thousands of secret society founded Masonic lodges that proliferate North America and Europe, the leading figureheads ritually worship demonic overlords who in turn appear to bestow upon them a form of dark Astral power.
This crosses over with paedophiles, child sacrificers and traffickers. It is no longer simply a source of speculation that deeply evil acts of utter degradation are performed by those who seek highest office in the top suite of New World Order pyramid. And from there, down the ladder to aspiring young leaders of the Schwab ‘sell your soul school for future fascists’.
It is a big – but entirely necessary brain stretch – to grasp the fact that these are the forces setting the agenda of almost all types of planetary activities, right down to the seemingly superficial details of everyday life.
Here’s an example of what I mean. When you hear that your telephone landline is going to be phased out in 2025 and that only a digital connection will then be available, you might think “Damn! These companies are at it again, always cost cutting the quality and giving us the cheaper version so as to increase their profits.”
But while such an explanation touches on a perennial superficial truth, the real reason hides in the shadows, manipulated by the anti-life cult’s overriding ambitions to wrest control over our ability to electronically communicate with some degree of privacy – and to thereby steal reams of personal data at the ping of a ‘smart’ EMF button. Data that can then be used to trap one into complying with the increasingly nefarious demands of the surveillance state.
The sequence goes further: loss of landline means ‘must go digital and Wi-Fi’. Going digital and Wi-Fi instantly connects one up with the global microwave radiation transmission tower and satellite emitting EMF frequency bands that operate through mobile and smart phones at 3,4 and 5G power outputs.
An increasingly vast labyrinth of intersecting wireless wave-forms create ‘electro smog’ which interrupt the natural circadian rhythms of the atmosphere and magnetosphere – as well as distorting the 7.83 hertz Schumann Resonance – known as ‘the earth’s heart beat’.
This is the resonance field which keeps balance within the earth’s electromagnetic low vibratory energy field, tapped into by bees, insects, birds and plants, and indeed, by our own instinct of natural inner and outer balance.
Human health is not unaffected. On goes the cell phone – and immediately pulses of non-ironising radiation are activated which pass through the human temple and into the soft brain tissue, with potentially lasting consequences according to British radiation expert Barry Trower and other leading EMF specialist researchers.
All the while, those manning the digital and cybernetic control centres of the planet are alert to orders coming down from secret service operatives, to put an algorithmic tab on the communications made by ‘too effective’ dissidents, so their ‘offensive’ material can be traced and expunged.
If this fails to elicit the desired silencing, they have the option of setting up a reverse messaging system which, unbeknown to the receiver, sends a digital electronic message directly into the neocortex of the supposed renegade, with the tacit objective of destabilising his/her thoughts and emotions. This can, of course, be done to anyone – and no doubt is.
A vast ‘hive mind’ is thus brought into being, where carefully chosen thought and nervous system controlling pulses can be directed from a central digital control hub to wherever deemed necessary, to block the rise of creative and spiritual energies essential for a sane society and the greater positive evolution of mankind.
Such pulses will not do the desired job to those who are spiritually aware. Such individuals remain immune.
5G/6G have the capacity to carry such mass invasiveness even further. To establish a virtual reality high-tech ‘smart’ environment which overlays the natural world which is our home. This is where the vastly popular digital Wi-Fi ‘convenience culture’ ultimately takes us.
So, how is this explained by your friendly regional telecommunications corporation?
“Hello, we are making a few small changes that will help you achieve higher quality tele- communications and save on old landline rental charges. We care about our customers and want to offer the best possible convenience advantages available today. Thank you for your attention” Sincerely, Teledeception plc.
Unthinkingly accepting what are sold as ‘convenient improvements’ to one’s daily life – can have big consequences. So next time you nonchalantly reach into your back pocket to pull out your mobile phone, know who it is you are supporting and what it is that you are killing-off.
Counteracting Chaos
One of the first steps to take in countering cult imposed chaos, is to check one’s taken for granted unquestioned habits, in order to see if they may be a contributory factor.
Disruption by chaos, as I said at the beginning, can be eradicated by stepping back into a quiet space, to which I will now add – and reviewing one’s contribution to further supporting the source of disruption.
“Still shopping at the hypermarket?” Yes, I support corporate agribusiness.
“Still watching television?” Yes, I support mainstream fake news, the streaming of political dogma and general entertainment shows.
“Still playing with your EMF gismos and laptop?” Yes, I support crap soap opera movies, Net Flix distractions and war game apps.
“Still proud to troll around the multifarious features of your latest smartphone?” Yes, I support all smartphone technology that is taking over my life.
“Still searching for the highest interest rates at your chosen global banking institution?” Yes, of course, need to get the best rate going, even though I realise I may be supporting the global vampiring of the earth’s resources and profits of the war and weapons industry.
“Still going against the call of your soul by trying to ignore your addiction to the convenience culture slavery agenda?” Err, well, never thought about that. But it’s a soulless world and I need to operate in it in order to bring in sufficient income to maintain my life style.
You get it, of course. How many of these fundamental hurdles have you actually crossed? Only one or two – maybe none? Be honest.
Do you consider yourself to be fighting injustice or supporting it?
Are you true to yourself – your real self – or are you still essentially embracing the chaos that provides a fertile base for the hypocritical life so ubiquitously manifesting today?
These are the admittedly brutal ‘in the mirror’ questions that we must ask ourselves and demand answers to. Answers in the form of actions that will end any further support of the chaos – and turn into a commitment to illuminate and live by truth.
There is no other way of supporting the deep change that must be brought about. It all starts with us, and we need to act bravely and conscientiously and to lead by example.
If one is not able to set the necessary example, how can one expect others to?
Words unattached to actions have become empty and ultimately meaningless. Yet much of social media chat and smart-messaging is just that – an empty shell, and echo chamber that distracts from facing-up to reality and making a solid stand for the emancipation and regeneration of Life.
The crisis now at our door presents the best and most meaningful challenge that mankind has ever faced. It quite simply drives us to dig deep and unlock that hidden power within.
Dark manifestations are not just the domain of a satanic cult. They also emanate from our own seemingly locked-in behaviour patters and are a reflection of the long term accumulated repression of our deeper instincts. It is well known that energetic natural and creative instincts not given expression, turn into their opposites and subsequently manifest as destructive powers.
The insentient anti-life power play will only be stopped in its tracks by an awakened mankind, able and willing to give full expression to the call of heart and soul.
By repressing or ignoring the voice of soul/ heart wisdom, we enter the same territory as that of our dark-side oppressors. We too become loosh to fuel their malevolent attacks on human kind.
The longer we leave this battle ground uncontested, the longer the satanists will prevail and the longer will we suffer the repercussions of our passivity – which is, in fact, a form of soul suicide.
No, dear friends, dare not entertain such a concept. Let us draw our symbolic golden swords and turn to face our oppressors head-on.
At this highly auspicious moment, a previously latent power will rise up in us that transforms the ordinary into the extraordinary. That turns the timid silent witness into courageous spiritual warrior.
It is such heroic acts that will finally defeat our oppressors and render ‘we the people’ victorious.
By repressing or ignoring the voice of soul/ heart wisdom, we enter the same territory as that of our dark-side oppressors. We too become loosh to fuel their malevolent attacks on human kind.
The longer we leave this battle ground uncontested, the longer the satanists will prevail and the longer will we suffer the repercussions of our passivity – which is, in fact, a form of soul suicide.
No, dear friends, dare not entertain such a concept. Let us draw our symbolic golden swords and turn to face our oppressors head-on.
At this highly auspicious moment, a previously latent power will rise up in us that transforms the ordinary into the extraordinary. That turns the timid silent witness into courageous spiritual warrior.
It is such heroic acts that will finally defeat our oppressors and render ‘we the people’ victorious.
We all have it in us to render such a service to humanity and to thus honour that Supreme Consciousness which entrusted us to take responsibility for perpetuating the momentum of creation.
Julian Rose is an organic farmer, writer, broadcaster and international activist. He is author of four books of which the latest ‘Overcoming the Robotic Mind’ is a clarion call to resist the despotic New World Order takeover of our lives. Do visit his website for further information www.julianrose.info
Auxly Cannabis Group Inc. reported $43.4 million in net revenues from cannabis sales in the three months ended June 30, 2024, and net income of $2 million in its Q2 2024 report.
Net revenues were up 33% over the same period of 2023, which Auxly attributes to its increased focus on the sale of cannabis flower and vape products. This was partially offset by what it says was price compression in the adult-use recreational market.
This is the second in the past eight quarters that the company has reported net income rather than a net loss.
Net income increased 116% from Q2 2023, which the company says is mostly due to improved operational stability from the consolidation of its dried flower and pre-roll manufacturing to the Auxly Leamington greenhouse facility following the sale of its Ottawa facility.
In addition to its wholesale bulk cannabis sales, the company sells cannabis products under the brands Parcel, Back Forty, Foray, Dosecann, and Kolab Project, including dried flower, pre-rolls, vapes, edibles, and concentrates. It sells products in all Canadian provinces and two territories, Yukon and the Northwest Territories.
In May 2024, Auxly also launched its first branded product in Quebec: Back Forty large format 0.75g three-pack pre-rolls.
Although Auxly’s offices are based in Toronto, the company’s primary cannabis facility is in Charlottetown, PEI, for cannabis processing, analytical testing and research under the federal Cannabis Act. Auxly also operates a cultivation and processing facility in Leamington, Ontario. In May 2024, it sold its Auxly Ottawa facility for $1.7 million.
The company does not have any currently active international operations.
Excise taxes on Auxly’s $43.3 million in sales for the three months ended June 30, 2024, were $14.3 million. The Company says it will have insufficient cash to fund its operations for the next 12 months if its sales do not improve or decline.
In a company press release, Hugo Alves, CEO of Auxly, commented: “After our best start to a year ever, we are thrilled to report our best Q2 in history, with exceptional financial performance setting a new Q2 record in revenue and all-time records in gross margin and adjusted EBITDA. Our commitment to product quality, innovation and operational efficiency continues to drive our success. We are particularly proud of our significant gains in market share across all three of our core product categories, especially in the vapor segment where we are currently leading the growing all-in-one category, securing an impressive 32% share of the market.
“This success is a testament to the collective efforts of our talented and dedicated employees, who work hard every day to create quality cannabis products that help our consumers live happier lives. We will be expanding the all-in-one vape portfolio with new flavour profiles under Back Forty throughout the second half of the year, while also launching a new innovative vape format under our Kolab Project brand, available in September. These achievements reflect our drive for continued growth and innovation, our dedication to reaching new financial milestones and delivering exceptional results for our shareholders. As we look ahead, we remain passionately committed to our consumers, focused on surpassing expectations, leading with excellence and achieving sustainable, profitable growth.”
Rubicon Organics Inc. reported $12.1 million in net revenue in the three months ended June 30, 2024, but a loss of $454,164 in its Q2 2024 report.
This represents an increase in net revenue for the BC cannabis company compared to Q2 2023 (7%) but also an increase in losses. The company says it has experienced a decline in net revenue over the past two quarters due to softened demand in Alberta, Ontario and Quebec and the overall economy in Canada.
Rubicon sells various cannabis products, including flower, topicals, and edibles, in Canada under the Simply Bare, 1964 Supply Co, Homestead, and Wildflower brands. Rubicon also recently began selling cannabis vapes under the 1964 brand.
For the period ended June 30, 2024, Rubicon determined the weighted average fair value less costs to sell cannabis was approximately $1.41 per dried gram, up from $1.45 per dried gram as of December 31, 2023.
The company says it observed a year-over-year downturn in both the premium flower and pre-rolls category from Q2 2023 to Q2 2024, with pre-rolls experiencing a more pronounced decline than premium flower.
“Rubicon Organics’ house of premium brands remains the #1 premium licensed producer in Canada,” said Margaret Brodie, Rubicon’s CEO, in a press release. “I expect this leadership position to grow with our entry into the vape sector where two strains were launched in Q2 2024. I’m proud to report that we have already seen our national distribution hit over 40% of stores in the first two months of sales to July. I expect this growth momentum to continue as we expect to have five vape strains in market by year-end,”
Last week, Ohioans flocked to dispensaries for the highly anticipated launch of recreational cannabis sales. Almost 100 medical cannabis dispensaries were permitted to sell recreational marijuana to adults after obtaining operational certificates from the state’s marijuana control division.
In Cincinnati, Jeffrey Reide was so excited about the historic day that he camped out in his car to ensure he would be the first in line at a local dispensary. “I’m thrilled; this has been a long time coming,” Reide said, reflecting the sentiment of many others eagerly awaiting this moment. Similar scenes were observed in Youngstown and Columbus, where dispensaries reported long lines of excited consumers anxious to make their first legal purchases.
One of the early birds in Columbus was Bloom Medicinals, located at 1361 Georgesville Road, which opened its doors around eight in the morning. The dispensary welcomed about 20 customers, all keen to be among the first to purchase cannabis without needing a prescription.
The store, originally a medicinal dispensary, set up a separate line to accommodate its regular customers who still rely on marijuana for medical purposes. Customers waited in orderly lines at the security station to have their identification examined to make sure they were authorized to purchase marijuana.
In terms of pricing, most cannabis flower products were approximately $40 for 2.83 grams, roughly equivalent to one-tenth of an ounce. The pricing range for edibles was wider, varying from $17 to $100 based on the product’s size and nature. Gavin McKenney, general manager of Bloom Medicinals, pointed out that consumers used to buying marijuana in Michigan would find that Ohio’s costs are a little higher for the time being.
While 98 locations were given the all-clear to begin selling, it was unclear how many were up and running from the outset.
Ohio voters approved the legalization of recreational marijuana last November, allowing adults 21 years of age and older to buy, possess and cultivate limited quantities of marijuana for personal use. However, the start of sales was postponed while the state established a regulated framework for transactions and finalized other regulations.
Under the new regulations, adults can purchase and hold up to 2.5 ounces of marijuana. Additionally, individuals are permitted to cultivate up to 6 plants at home, with a household limit of 12 plants. A 10% tax applies to legal sales; this revenue will be used to pay for job programs and social-equity initiatives within the cannabis sector, as well as to support addiction treatment, municipalities that have dispensaries and administrative expenditures.
The entire marijuana industry, including players such as Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF), will be happy that the sales launch in Ohio went without a major glitch and will hope that more retail outlets open quickly so that residents can have easy access to the products they need.
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Simply Solventless Concentrates reported net revenue of $1.2 million from net revenue of $2.9 million in the three months ended June 30 in the company’s Q2 2024 financial report.
The company’s net revenue was up 26% from its previous quarterly report and 60% from the same period in 2023. Net income increases by 143% and 5% compared to the same periods.
The Alberta-based cannabis company says its gross revenue increased due to increased branded product sales for its Astrolab, Frootyhooty, and Lamplighter brands, available in Alberta, Ontario, and Saskatchewan with infused pre-rolls and vapes.
Excise taxes on Simply Solventless’ (SSC) $4.2 million in gross revenue in Q2 2024 was $1.3 million. SSC has achieved net revenue and positive EBITDA in seven of the past eight quarters and positive adjusted EBITDA for eight straight quarters.
On June 25, 2024, the company entered into a services agreement and share purchase agreement with CannMart Inc., a cannabis company located in Etobicoke, Ontario for $2.5 million. SCC recently acquired Lamplighter, as well, in January 2024.
In a recent interview, Jeff Swainson, President and CEO of SSC, said the company plans to move the production of many of CanMart’s products to SCC’s underutilized facility in Alberta. In the past, these products have been exclusively produced by third parties for CannMart.
As of June 30, 2024, the Company had a working capital surplus of $5,909,655, compared to $4,263,711 as of March 31, 2024.
Swainson stated in a press release: “SSC has established a track record of revenue growth and profitability which has resulted in strong strategic positioning within the Canadian cannabis industry. We will seek to continue to leverage this positioning to capitalize on opportunities resulting from industry headwinds, and to finish the second half of 2024 stronger than the first half.
Canada is catching strays in a fight between the Florida governor and a Florida-based cannabis company.
Florida Governor and failed US Presidential candidate Ron DeSantis recently lashed out at US cannabis MSO TruLieve, calling them a “Canadian company.”
The governor is pushing back against a proposed amendment in Florida, Amendment 3, that, if passed, would allow the possession of up to 3 ounces of cannabis for non-medical purposes, with no more than 5 grams in concentrated form, for those who are 21 years old and up.
“How ridiculous is this, that we would let our Constitution basically be rent-seeking for some Canadian marijuana company?” DeSantis said during a speech at the Republican National Convention in July. “I mean, give me a break.”
He said legalizing cannabis would “mess up the state,” damaging quality of life, claiming Colorado’s efforts have failed and complaining that Denver smells of marijuana.
“That’s just the reality,” claimed the governor, who may or may not have been wearing lifts in his boots at the time. “We’ve seen it in practice in a lot of these places, it hasn’t delivered what they said it was going to deliver.”
DeSantis and other Republicans have been attacking the amendment on various grounds for weeks. The newest attack is odd because while TruLieve is connected to Canada through a reverse takeover that allowed them to be listed on the Canadian stock exchange, the company is and always has been well-known for being based in Florida.
The connection to Canada is one several American cannabis companies have taken to be publicly listed since federal prohibition in the US would prevent it from being listed on that country’s stock exchanges.
According to the Tallahassee Democrat, Trulieve spokesperson Steve Vancore said in an email: “The only connection to Canada is a holding company that was formed so that stocks can be publicly traded. Trulieve Cannabis Corp is NOT the licensee nor has it, the holding company, made a single donation to the Smart & Safe Florida campaign.”
Smart & Safe Florida is an organization backing the proposed amendment.
The majority of funds that have gone to Smart & Safe Florida, the newspaper reports, come from Florida’s Trulieve Inc., which is around $60 million (US).
“The fact of the matter is that Trulieve is Florida-born, our products are Florida-grown and we are headquartered in Florida with most of our nearly 4,000 employees living here as well,” said CEO Kim Rivers in a statement.
Cannabis, vapes seized from Fredericton store | StratCann
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Several different cannabis products were seized from an unlicensed cannabis store in Fredericton, New Brunswick, on July 23 during a joint operation involving Justice and Public Safety peace officers and Fredericton Police.
The products were seized from the York County Vape & Smoke Shop at 1168 Smythe St. A 46-year-old man was arrested and charged under the Cannabis Act. His first court appearance is scheduled for Oct. 4.
Officers seized:
1.6 kilograms of cannabis bud
27.5 grams of hashish
$3,239 in cash
30 packs of cannabis shatter
68 THC vapes
74 joints
58 THC edibles
52 flavoured vape cartridges
A business Facebook page with the same name and address says the store is “Full Status First Nation Owned and Operated” and a post from last September shows the store branded as Big Budz and Accessories (featured image).
In June and July, inspectors seized cannabis products from unlicensed stores in Moncton. No one was arrested at the time, but authorities say the investigation is ongoing.
New Brunswick recently passed a law giving inspectors more ability to seize such products. Authorities first applied these new laws in a seizure on July 24 in Saint John.
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