Business Issues/Benchmarks: Page 93

Hemp Cooperative Partners With University to Study Hemp Fibers in Biodegradable Plastics

The partnership will help the National Hemp Growers Cooperative create more market opportunities for its members, as well as open the door for Troy University to develop similar partnerships in the future.

Oregon Cannabis Prices Swing From Pandemic Peaks to Record Lows

Falling market values for wholesale and retail show no signs of rebounding in the wake of a licensing moratorium.

Canadian UFC Fighter, Medical Cannabis Activist Elias Theodorou Dies at 34

“The Ultimate Fighter” winner answered his final bell on Sept. 11 following a private battle with colon cancer.

Unrivaled Brands Appoints Patty Chan as Interim Chief Financial Officer

Chan has over 14 years of accounting, financial reporting, compliance and operational experience across the cannabis, real estate, and financial services industries.

Merida Capital Holdings Partners With Azucarera El Viejo for Medical Cannabis Facility in Costa Rica

The partnership comes after the Central American country legalized the use of cannabis for medical and therapeutic purposes.

BDSA Reports Global Cannabis Sales Will Grow 10% in 2022; Forecasts $57 Billion Market by 2026

Despite an inflationary environment, U.S. cannabis sales are expected to reach $27 billion by the end of 2022, a jump of 7% over 2021 sales.

New Mexico State Fair Adds ‘Discovering Cannabis’ Exhibit to Events List

The exhibit is designed to educate adults 21 years and older on the state’s “newest agricultural industry.”

North Dakota State University to Host Hemp, Fruit and Vegetable Field Day

The event will consist of presentations showcasing projects and research the college’s Department of Plant Sciences is currently working on, including a presentation on floral hemp research.

MariMed’s Brands and Products to Enter Missouri Market

As part of the agreement, MariMed will develop and manage a state-of-the-art production kitchen, which it anticipates to be completed by Q1 2023.

Illinois Social Equity Advocates, Business Leaders Call on State Officials to Allow Them to Begin Operations, Address Other Concerns in Market

In response, deputy Gov. Christian Mitchell said in a segment with Chicago PBS station WTTW that state officials are working to issue social equity loans to qualifying business owners. He also said he has heard differing opinions from licensees about selling business equity.

Florida Appeals Court Denies Demand to Open Cannabis License Application Window

The decision comes despite the Florida Health Department’s constitutional obligation to issue more than 20 new licenses based on patient numbers.

Flora Growth Acquires No Cap Hemp Co

The acquisition provides the opportunity to expand Flora’s distribution foothold in the U.S. market with a unique collection of products with strong revenue growth potential.

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