NEWS & INSIGHTS
Welcome to the Yes Cannabis blog, your source for the latest news, updates, and insights into the rapidly evolving world of cannabis. As the legalization of cannabis continues to expand across the United States and around the world, our blog aims to provide you with accurate and up-to-date information on the many facets of this industry. Sign up for our newsletter and enjoy exciting content on everything from industry trends and new products to legal developments and social issues related to cannabis.
RECENT POSTS
A Historic Cannabis Banking Bill Advances to the Senate Floor
In a groundbreaking move, the Senate Banking Committee has approved the Secure and Fair Enforcement Regulation (SAFER) Banking Act, which seeks to bridge the gap between financial institutions and cannabis companies. This legislation, designed to end the cash-only transactions plaguing the industry, is now headed to the Senate floor after years of committee revisions and discussions.
BDSA Adjusts Global Cannabis Sales Forecast Downward by $5 Billion
In a recent update to its global cannabis market forecast, BDSA, headquartered in Colorado, has revised its sales projections. The new estimate anticipates that the industry will reach $55 billion in sales by 2027, representing substantial growth from the $32 billion recorded in 2022.
Market Research Reveals High Brand Potential for Hooga Gummies
Market research is an essential tool for gauging the potential of a brand in any new marketplace. Few brands in the cannabis industry have the wherewithal to conduct market research on emerging products, some due to experience, some due to the availability / access to reach consumers, others may not see its utility in their launch plan.
Cannabis Acceptance Surges Despite the Growing Illicit Market
In a more current assessment, recent research suggests that the public’s embrace of cannabis is steadily increasing, even as the illicit market maintains its presence. This study, conducted by New Frontier Data, a prominent cannabis consulting firm, involved surveys of nearly 4,400 cannabis consumers and 1,200 nonusers across the United States. The findings reveal a noteworthy surge in acceptance and consumption of cannabis over the past year.
NCAA Medical Committee Calls for End to Cannabis Penalties for College Athletes
In a significant and up-to-date policy shift, the NCAA (National Collegiate Athletic Association) medical committee has recommended that college athletes should no longer face penalties for using cannabis. This progressive stance reflects the evolving landscape of cannabis regulations across the United States. The committee has firmly asserted that drug testing efforts should be redirected towards detecting performance-enhancing substances, leaving cannabis use without punitive measures. This recommendation comes after the committee conducted a thorough review of existing policies and solicited input from member organizations. It anticipates that the final decision on this matter will be made in the fall, following consultations and legislative processes within each of the NCAA’s governing bodies.
California Legislation Aims to Revolutionize Marijuana Plant Tracking for Environmental Sustainability
In a significant move towards enhancing environmental sustainability and reducing plastic waste, the California legislature has passed a bill that will revolutionize the way marijuana plants are tracked within the state. Proposed by Senator Ben Allen, this legislation has garnered unanimous support in both chambers, with the Senate recently endorsing it in a final concurrence vote.
Spotify Breaks Ground with First-Ever Cannabis Ads in Partnership with Cresco Labs
Spotify, the world’s leading music streaming service, has always been known for its bold and innovative approach. In a groundbreaking move, Spotify has become the first streaming platform to embrace cannabis advertising through its new collaboration with Cresco Labs (CRLBF).
Cannabis Milestone: Vermont’s Thriving Marketplace Surpasses $100 Million in Sales
Vermont’s cannabis marketplace is celebrating its first year of operation, and the results are nothing short of impressive. With projections indicating retail sales for the current fiscal year reaching over $100 million, the state has reaped more than $20 million in additional revenue. This milestone underscores the success of Vermont’s foray into regulated cannabis sales.
New Jersey Cannabis Regulators Propose New Permits to Facilitate Research Partnerships with Dispensaries
New Jersey’s cannabis regulatory authorities are currently open to public feedback regarding an innovative proposal aimed at introducing a novel permit. This permit would enable “clinically focused” dispensaries to collaborate with research institutions, facilitating comprehensive studies on cannabis using the products they cultivate and sell to patients.
Blue Dream’s Two Decades of Influence: Unraveling the Origins and Impact
From Haze to Skunk, OG to Cookies, the cannabis market has been shaped by remarkable strains that encapsulate their respective eras. Among them, Blue Dream emerged as a defining cultivar around 2003, reigning until approximately 2011 when shifting market preferences opened the door for a new strain to take the spotlight. As we commemorate two decades of Blue Dream’s legacy, it’s intriguing to note that despite its celebrated status as the “most popular strain on the planet” at one point, there remains a surprising shroud of uncertainty surrounding its true origins and characteristics.
Market Research Reveals High Brand Potential for Hooga Gummies
Market research is an essential tool for gauging the potential of a brand in any new marketplace. Few brands in the cannabis industry have the wherewithal to conduct market research on emerging products, some due to experience, some due to the availability / access to reach consumers, others may not see its utility in their launch plan.
Cannabis Acceptance Surges Despite the Growing Illicit Market
In a more current assessment, recent research suggests that the public’s embrace of cannabis is steadily increasing, even as the illicit market maintains its presence. This study, conducted by New Frontier Data, a prominent cannabis consulting firm, involved surveys of nearly 4,400 cannabis consumers and 1,200 nonusers across the United States. The findings reveal a noteworthy surge in acceptance and consumption of cannabis over the past year.
The Cannabis Boom: How America’s Love for the Plant is Reshaping Markets
Cannabis once shrouded in controversy and legal restrictions, has now firmly entrenched itself in the mainstream American consumer landscape. The plant that was once relegated to underground markets is now a thriving industry, with Americans showing an insatiable appetite for legal cannabis products. According to a recent comprehensive report from MJBizDaily, a prominent cannabis industry publication, Americans spent a staggering $30 billion on legal cannabis products in 2022 alone. This astronomical figure not only reflects the plant’s widespread acceptance but also surpasses the combined sales of beloved staples like chocolate and craft beer, which amounted to $20 billion and $7.9 billion, respectively.
Where Energy Utilities Can Boost Your Bottom Line
For indoor cultivators, energy costs often rank among the top expenses in their budget. While some growers accept this as a necessary business cost, savvy operators can gain a competitive edge by reducing energy expenses. What’s more, tapping into available incentives to enhance energy efficiency and adopt clean energy technologies can lead to even greater advantages, including substantial rebates.
Cultivating Sustainability: Harnessing Solar Power for a Greener Cannabis Industry
In the quest for sustainability, the cannabis industry has emerged as an unlikely candidate for the adoption of solar power solutions. The cannabis cultivation sector, driven primarily by indoor growing facilities, has historically been associated with high energy consumption and significant carbon footprints. However, as the industry matures and faces mounting pressure to reduce its environmental impact, solar power is increasingly being recognized as a game-changer in the pursuit of greener, more sustainable cannabis production.
Cannabis Delivery Services: Bringing Accessibility to Cannabis Enthusiasts Across the US
Legalizing cannabis in the United States has opened doors to new possibilities for consumers, but accessibility remains a concern for many. For some, reaching a dispensary can be challenging due to transportation limitations, health issues, or the need for childcare. In response to these challenges, cannabis delivery services have emerged as a godsend for those seeking a convenient and hassle-free way to access their favorite products.
A Green Opportunity: Advertising in the Cannabis Industry
The cannabis industry has undergone a remarkable transformation in recent years, evolving from a taboo, underground market to a legitimate, booming industry. As legalization continues to spread across the United States and other parts of the world, businesses within the cannabis sector are faced with a unique challenge: how to effectively advertise their products and services in a heavily regulated and stigmatized environment.
The Importance of Cannabis Testing: Ensuring Safety and Potency
Cannabis, renowned for its medicinal benefits, is now being held to higher standards similar to other medicinal products. As the demand for cannabis continues to grow, regulations and standards are being developed by international organizations to ensure the safety and potency of cannabis products. Cannabis testing labs play a crucial role in this process, aiming to verify the safety of products for human consumption and provide consumers with information about their potency. This article explores the significance of cannabis testing, the substances tested for it, and the importance of understanding potency.
Cannabis-Infused Cocktails: A Guide to Mixing Cannabis and Spirits
California has long been at the forefront of cannabis legalization and innovation. With the recent legalization of recreational cannabis in the state, a fascinating trend has emerged – the rise of cannabis-infused cocktails. These delightful concoctions, often referred to as “pot-tails” or “weed-tinis,” offer an exciting way to blend the worlds of cannabis and spirits. In this guide, we’ll delve deeper into the world of cannabis-infused cocktails, exploring the methods, safety precautions, and even sharing some mouthwatering recipes for you to try at home.
Blue Dream’s Two Decades of Influence: Unraveling the Origins and Impact
From Haze to Skunk, OG to Cookies, the cannabis market has been shaped by remarkable strains that encapsulate their respective eras. Among them, Blue Dream emerged as a defining cultivar around 2003, reigning until approximately 2011 when shifting market preferences opened the door for a new strain to take the spotlight. As we commemorate two decades of Blue Dream’s legacy, it’s intriguing to note that despite its celebrated status as the “most popular strain on the planet” at one point, there remains a surprising shroud of uncertainty surrounding its true origins and characteristics.
Glossary of Terms
If you’re new to the world of cannabis products, you may find that the industry has a wide range of terminologies that can be overwhelming. To help you make sense of it all, we’ve put together a comprehensive glossary of terms below.
Alcohol Extraction: A method of extracting cannabinoids from the hemp plant using alcohol as a solvent. This artisanal process can produce high-terpene CBD oil by using whole-plant material in smaller batches.
Broad Spectrum: CBD products that contain a wide range of cannabinoids and other beneficial compounds from the hemp plant, excluding THC. They offer the potential benefits of multiple cannabinoids without the psychoactive effects of THC.
Cannabinoids: Chemical compounds found in the hemp plant, including CBD, THC, CBC, CBG, and CBN, which interact with the body’s endocannabinoid system to support normal immune and nervous system functioning.
Capsules: CBD products in the form of easy-to-swallow pills, providing a convenient and consistent dose of CBD for on-the-go use.
CBC (Cannabichromene): A phytocannabinoid found in the hemp plant that may help improve recovery from exercise-induced inflammation and support overall well-being.
CBD (Cannabidiol): A non-psychoactive compound found in the hemp plant, known for its potential health benefits, including promoting a sense of calm, supporting recovery from exercise-induced inflammation, and aiding healthy sleep cycles.
CBG (Cannabigerol): A phytocannabinoid produced by the hemp plant that may help ease everyday stress and support a balanced mood.
CBN (Cannabinol): Another beneficial phytocannabinoid produced by the hemp plant, which, together with CBD, may help improve sleep quality and promote relaxation.
Certificate of Analysis: A document providing laboratory analysis results for cannabinoid-related products, including information on the product’s cannabinoid profile, potency, and purity.
Certified B Corporation: A certification for companies that meet strict regulations and demonstrate a commitment to balancing profits with social and environmental impact. Charlotte’s Web achieved Certified B Corporation status in 2020, reflecting their dedication to making a positive difference.
CO2 Extraction: The most commonly used method to extract cannabinoids from the hemp plant using supercritical carbon dioxide. This targeted extraction process efficiently preserves the beneficial compounds while minimizing the presence of impurities.
Endocannabinoid System: A bodily system responsible for regulating various processes, such as sleep, mood, appetite, and immune response. It interacts with cannabinoids, including CBD, to help maintain homeostasis (balance) in the body.
Entourage Effect: The synergistic effect produced by the combination of various compounds in the hemp plant, enhancing the overall effectiveness of full-spectrum CBD products compared to isolated CBD.
Flavonoid: Plant compounds found in full-spectrum CBD products that have beneficial antioxidant effects, potentially supporting overall well-being.
Full-Spectrum: CBD products that contain all the beneficial compounds from the hemp plant, including cannabinoids, terpenes, flavonoids, and more. This comprehensive combination of compounds is believed to enhance the therapeutic potential through the entourage effect.
GMO: Genetically Modified Organisms, which are plants altered using genetic engineering. Charlotte’s Web offers only GMO-free hemp oil, ensuring a natural and unmodified product.
Gummies: CBD-infused gummy candies, providing a tasty and convenient way to consume CBD. They come in various flavors and doses, offering a fun alternative for those who prefer not to use CBD oil.
Hemp Extract: Extract derived from the hemp plant containing various beneficial compounds, including CBD, other cannabinoids, terpenes, and flavonoids. It is used to create a wide range of CBD products.
Isolate/Distillate: CBD isolate refers to pure CBD extract with all other compounds removed, while CBD distillate contains a broad range of cannabinoids, terpenes, and flavonoids, excluding THC. Both forms are used in various CBD products.
Liposomes: Lipid-based carriers used to enhance the absorption and bioavailability of CBD. They can improve the body’s ability to absorb CBD and make it more efficient.
Microdosing: Consuming small, controlled doses of CBD throughout the day, typically with the goal of maintaining a consistent level of CBD in the system.
MCT (Medium-Chain Triglyceride) Oil: A type of fatty acid derived from coconut oil and often used as a carrier oil in CBD products. MCT oil helps improve CBD absorption and bioavailability.
Melatonin: A hormone produced by the body that regulates sleep-wake cycles. CBD products infused with melatonin may assist in improving sleep quality and promoting a healthy sleep routine.
Nanoemulsion: A technique that breaks down CBD particles into tiny droplets, increasing their water-solubility and enhancing their absorption and bioavailability.
Natural: CBD products made from naturally grown hemp plants without the use of synthetic chemicals, pesticides, or herbicides.
Organic: CBD products made from hemp plants grown without the use of synthetic fertilizers, pesticides, or genetically modified organisms (GMOs), following organic farming practices.
Pesticide-Free: CBD products that are tested to ensure they do not contain harmful levels of pesticides or other agricultural chemicals.
Phytocannabinoids: Naturally occurring cannabinoids found in plants, including CBD and THC. These compounds interact with the body’s endocannabinoid system to support overall well-being.
Potency: The concentration and strength of cannabinoids, such as CBD, in a CBD product. Potency is typically measured in milligrams (mg) and indicates the amount of CBD per serving or dose.
Premium Hemp Extract: A high-quality CBD extract derived from organic hemp plants, carefully cultivated and processed to maintain the plant’s beneficial compounds.
Proprietary Genetics: Unique hemp plant strains developed through selective breeding to produce specific cannabinoid profiles, flavors, and aromas. Charlotte’s Web has proprietary genetics that have become renowned in the industry.
Psychoactive: Referring to substances or compounds that affect the mind, mood, or behavior. CBD is non-psychoactive, meaning it does not produce the intoxicating effects associated with THC.
Roll-Ons: CBD-infused products that come in a roll-on bottle for convenient application to the skin. They are designed for targeted relief and can be easily applied to specific areas of the body.
Seed-to-Shelf Control: A comprehensive approach that ensures quality control at every stage of the CBD production process, from cultivation to extraction, manufacturing, and distribution.
Sleep: CBD products specifically formulated to promote healthy sleep patterns and support restful sleep by combining CBD with other sleep-enhancing ingredients like melatonin.
Sports Cream: A CBD-infused topical cream designed to provide temporary relief from muscle soreness, joint discomfort, and exercise-related inflammation. It is often used by athletes and fitness enthusiasts.
Strains: Different variations or breeds of the hemp plant, each with its unique combination of cannabinoids, terpenes, and other compounds. Strains can produce varying effects and flavors.
Sublingual: A method of consuming CBD oil by placing it under the tongue, allowing for faster absorption into the bloodstream through the sublingual glands.
Terpenes: Aromatic compounds found in plants, including the hemp plant, that contribute to their distinct flavors and scents. Terpenes may also have their own health benefits and synergize with cannabinoids.
THC (Tetrahydrocannabinol): The primary psychoactive compound found in cannabis. In hemp-derived CBD products, THC levels are typically below 0.3%, resulting in no psychoactive effects.
Third-Party Testing: Independent laboratory testing performed on CBD products to verify their potency, purity, and safety. This ensures that the product meets quality standards and is free from contaminants.
Tinctures: Liquid CBD extracts made by infusing CBD-rich hemp flowers or isolate into alcohol, oil, or glycerin. They are typically consumed sublingually for fast and efficient absorption.
Topicals: CBD-infused products, such as creams, balms, and lotions, designed to be applied directly to the skin for targeted relief of muscle discomfort or skin conditions.
Transparency: A commitment to open and honest communication, providing clear information about a company’s processes, ingredients, and testing practices. It builds trust and ensures consumers can make informed decisions.
Vegan: CBD products that are free from any animal-derived ingredients and have not been tested on animals. They align with a vegan lifestyle and ethical considerations.
Water-Soluble: CBD products that have been processed to dissolve easily in water, improving their bioavailability and making them suitable for formulations such as beverages.
Wellness: A holistic approach to health and well-being that focuses on achieving balance and optimal functioning of the body, mind, and spirit. CBD is often used as a natural supplement to support overall wellness.
Whole Plant: CBD products that utilize the full spectrum of compounds found in the hemp plant, including cannabinoids, terpenes, flavonoids, and more. This maximizes the potential benefits through the entourage effect.
Zero THC: CBD products that have undetectable levels of THC, typically below the 0.001% threshold. They are ideal for those seeking the potential benefits of CBD without any THC exposure.
0.3% THC: Refers to the legal limit of THC content in hemp-derived CBD products. This trace amount of THC is not enough to produce psychoactive effects but may still have potential health benefits.
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