Business Issues/Benchmarks: Page 123

FDA Warns Four Companies for Selling Unapproved Animal Drugs That Contain CBD

The agency said in its warning letters that the drugs, which are intended for use in food-producing animals, violate the Federal Food, Drug, and Cosmetic Act.

Analyzing Cart Size Dynamics in Wholesale Cannabis

LeafLink analyzed average order value (AOV) alongside product category market share and pricing across nine markets to determine if the contents of a cart and/or price shifts impact cart size.

Harborside Inc. Reports First Quarter 2022 Financial Results

Year over Year net revenues increased 38.8% to $17.2 million, including one month contribution from Urbn Leaf and no contribution from Loudpack.

California Senate Approves Bill to Prohibit Municipalities From Banning Medical Cannabis Access

Sen. Scott Wiener’s Senate Bill 1186, which now heads to the Assembly, would require all cities and counties to provide medical cannabis access through brick-and-mortar dispensaries or delivery services.

Omnichannel Marketing: A Guide for Cannabis Retailers

Below are five omnichannel retail strategies adapted from ‘Breaking the Stigma,’ to help you align your retail store with your online presence.

Connecticut Lawmakers Approve New Medical Cannabis Testing Regulations

The new rules, proposed by regulators and approved by a legislative committee this week, would set new allowable levels of mold and yeast in medical cannabis products.

California Cannabis Business, Association Leaders Express Opposition to S.B. 1097

The California Cannabis Industry Association issued a call to action May 25, stating its “strong opposition” to the bill.

The Green Organic Dutchman Starts Year with Record Quarterly Revenue, Reports First Quarter 2022 Results

The company achieved record quarterly net revenues of $10.58 million, a 96% increase from Q1 2021, and a 12% increase from Q4 2021.

Ayr Wellness Reports First Quarter 2022 Results

The company reports Q1 2022 revenue of $111.2 million, up 90% YoY.

Ayr Wellness Closes Acquisition of Herbal Remedies Dispensaries, LLC

Ayr Wellness Inc. announced it has closed the definitive agreement to acquire Herbal Remedies Dispensaries.

Tilray Launches CBD Lifestyle Brand, Pollen, on Amazon UK

Designed to help uncomplicate wellness routines and elevate the CBD experience for consumers, POLLEN offers a unique product mix of tasty CBD gummies and drink drops in three signature lines.

Leafreport Study Unveils Lack of Purity and Potency Testing by CBD Brands

The study examined 4,384 products from 188 CBD brands and found that only 7% of companies test all their products for pesticides, heavy metals and microbes.

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