Weekend Unlimited Broadens Its Brand Portfolio, Adds Canna Candys And Canna Medibles

CANADA: Weekend Unlimited has provided additional information in respect to its arm-length securities purchase agreement to acquire equity interests in California’s Canna Candys and Canna Medibles, adding a necessary edibles product portfolio as the Company executes on its strategy to build its flower, extracts and edibles verticals.

Weekend Unlimited Brands“The acquisition of Canna Candys and Canna Medibles will provide Weekend with strong products within each of the categories we are focused upon, flower, extracts and edibles,” said Mr. Cody Corrubia, President and CEO of Weekend. “Canna Candys are a CBD product while Canna Medibles are a THC product. The operations team is experienced, having built distribution in Southern California to 380 retail stores,” added Mr. Corrubia.

Canna Candys (CBD) and Canna Medibles (THC) Highlights:

•        2019 same channel revenue forecast of approximately USD$ 2 million*
•        Active candy brand with distribution in 380 retail stores Southern California
•        31 flavors, single wrap candy and single wrap lollipop
•        Strong operating team, production of new gummies, beverage and other edibles
•        CBD only distribution deals being negotiated in NY, FL, NJ, NC, TX, CA

*Cost of goods 38% based on current available supply chain agreements and cost of goods for lab tested and approved raw material. Risks associated with the forecast are an increase in competition and costs, an adverse change in state regulation and consistent availability of lab tested and approved raw material

Weekend has provided a secured loan of US$ 750,000 to date.  It has the option to convert this note for 51% of the equity in the company that owns these brands.  Weekend has the option, for a period of 60 days from the initial closing, to pay an additional US$ 690,000 and issue shares worth US$ 1,440,000 to acquire a further 29% of the company so as to own 80%.  The final 20% can be purchased, during a time period ending 90 days after the first closing, for US$ 720,000, to be paid by cash, shares or a combination of the two as agreed to by the parties.  The parties are in the final due diligence stages and anticipates closing within 30 days.

Global Cannabis-Infused Edible Products Expected To Grow +25% CAGR 2018-2022

IRELAND: Analysts forecast the Global Cannabis-Infused Edible Products Market to grow at a CAGR of 25.01% during the period 2018-2022, according to the recently published “Global Cannabis-infused Edible Products Market 2018-2022” report.

Cannabis-infused edible products comprise of liquid edible or a drinkable. It is a cannabis product that comprises cannabinoid compounds such as cannabidiol (CBD) and tetrahydrocannabinol (THC).

The report covers the present scenario and the growth prospects of the cannabis-infused edible products market. To calculate the market size, the report considers the revenue generated from the sales of cannabis-infused edible products.

The increasing number of countries decriminalizing cannabis will be a key trend driving the market growth. Several nations have decriminalized the use of marijuana both for recreational and medical purposes. In 2016, Canada legalized the use of marijuana for both recreational and medical purposes..

The growing social acceptance of cannabis will drive the market growth. The growing demand and growth of the cannabis market influences the sales and revenues of major corporations. Also, the increasing social acceptance of recreational marijuana and cannabis-infused edible products globally offers high growth opportunities to the vendors.

The report states that the lack of funds and investments in cannabis sector will impact the market growth. Numerous investment organizations decline to provide investment and loans to vendors in the legal cannabis industry. Vendors struggle to increase their profit margins due to lack of support from government organizations and high-interest rates of the private sector.

Companies Mentioned

  • Bhang Corporation
  • Cannabis Energy Drink
  • KIVA CONFECTIONS
  • Mentor Capital
  • VCC BRANDS

The Sprinkles Of Cannabis Offers Consumers A New Kind Of Edible ~ Cupcakes

COLORADO:  Cannabis cupcake company, Jade & Jane, broadens consumer’s choices in the edibles market with recent introduction of single serving, recreational 10mg THC-infused cupcakes. Jade & Jane’s products are available to retail customers through licensed Colorado recreational dispensaries. Wholesale dispensary customers may contact Jade & Jane to place orders. Ordering through LeafLink is coming soon.

Started in 2016, Jade & Jane offers cannasseurs a delicious, handmade alternative to typical, “herbal tasting” edibles. Attractive visual appeal makes Jade & Jane products highly desirable. “We want consumers to feel excited when opening our cupcakes for an anniversary, birthday, or treat,”  says Jade & Jane CEO Stephanie Silva.
JadeandJane logo 72dpi
“Our products are genuinely unique in the Colorado cannabis industry. Jade and Jane cupcakes provide a high quality, reliable, and steady experience because they contain tasteless THC powder. To begin we’re offering traditional flavors like chocolate and vanilla bean, but more interesting options are coming soon. Cupcake edibles offer convenient cannabis consumption with familiarity and nostalgia. It’s my hope we can help remove the stigma from cannabis use by offering the first mainstream edible that’s as American as apple pie and as classic as a hostess cupcake,” says Mrs. Silva.
Jade & Jane plans to release a 90mg recreational cupcake multi-serving product in the near future. Notably Jade & Jane’s cupcakes are allergen friendly and vegan/dairy free. Additionally their packaging is child resistant and C.F.R. Title 16, Part 1700.15 & 1700.20 compliant. In an upcoming event on May 30th, 8 AM EST Jade & Jane will be doing a Reddit AMA on r/GlitterBongs.

Overview Of The Marijuana-infused Food Regulations

By Ian Lebowski

Colorado State was the first to be declared cannabis-friendly after legalizing medical marijuana in 2000. During that time, only a few regulations governed distribution and use of the drug. However, certain concerns have led to new rules and guidelines for cultivation, distribution, acquisition and use of marijuana, either for medical or recreational purposes.

This far, edibles have proven to be broadly appealing. Many people do not want to smoke or inhale cannabis. This has seen an upsurge in the number of marijuana-infused edibles found on the shelves in different states today. The drug is also versatile and people have noticed they can add it to the recipes of almost any food.

Without proper regulation of edibles, consumers have suffered accidental health consequences. There have been cases of intoxication resulting from consuming high levels of THC in marijuana-infused foods. Some people, especially children, have mistaken such edibles for normal snacks, thus ending up in hospitals.

A 2016 report by The JAMA Network showed a 5-fold increase in cases of children less than 10 years exposed to marijuana handled in Colorado hospitals between 2009 and 2015. 48% of these cases were as a result of marijuana edibles.

In 2016, a Canadian government task force on marijuana legalization and regulation looked at the public health concerns on edibles, among other things. The task force came up with recommendations on cannabis regulations touching on 4 major aspects of cannabis-infused foods. These include packaging, portion sizes, labeling, and maximum THC content.

Current Regulations on Marijuana-infused foods

1. Marijuana edibles should come in a standard size of serving that contains not more than 10 mg of THC

Standardized serving makes it easier for consumers to estimate how much THC they are ingesting into their bodies no matter the product they buy or consume. Some states that enacted this policy include Colorado, Washington, and California etc.

  1. There should be clear indication of THC amount per serving on packages

Several states, including Colorado, Alaska, Massachusetts, and California have enacted this regulation. Some states, such as Colorado, Massachusetts, and Hawaii, have gone further to describe the kind of lettering acceptable on such containers. This enhances the visibility of the information about the content of the product.

  1. All marijuana edibles should be sold in opaque, re-sealable, and child-proof packaging

Until recently, marijuana was distributed in small plastic bags that could go for $10 or $25 per package. Marijuana edibles could be displayed in shelves like any other food. Some packages looked like normal snacks.

To ensure children’s safety, many states embraced this policy which was originally enacted in Colorado and Washington. Besides Colorado and Washington, this regulation is now live in Arizona, California, Illinois, Alaska, and Hawaii, among others.

So far, Colorado and Washington have the most comprehensive regulations about legal marijuana and marijuana-infused edibles. The above requirements were first carried out in Colorado. However, they have become the basic references for other regulations enacted in every other US state that has legalized marijuana.

In October 2016, Colorado went further to enhance the safety of marijuana edibles by ruling out that all packaging should have the standardized servings imprinted on the packaging, followed by a sign that contains the letters “THC”. The new rule prohibited packaging that may appeal to children as well.

Conclusion

So far, consumers, marijuana edibles manufacturers, cannabis testing labs, and regulators have embraced marijuana regulation. The public feels that their voices have been heard, and any reasonable manufacturer doesn’t want any person to die after consuming their product as a result of food poisoning.  Arcview Market Research reports that the legal marijuana market has grown immensely after legalization. It’s a growth that is largely attributed to the presence of smoking alternatives such as edibles in the legal market.


VolcanoVape founder and vape enthusiast, Ian Lebowski has been involved in marijuana industry for close to a decade now. Originally working in quality control and testing, he has reviewed hundreds of vape products over the years.

AK Ventures Creates Mainstream TV Opportunity For Cannabis Brands

CALIFORNIA: America is curious about medical cannabis. Legal in 25 states, poll after poll confirm that the overwhelming majority of citizens supports the legalization of medical cannabis, even while admitting that they don’t know very much about the medicinal properties of the federally-prohibited plant.

Things are changing rapidly in the cannabis marketplace, with constant product innovation, improved standards and the emergence of brand building, sophisticated packaging and professional marketing and public relations in the cannabis space.

AK Ventures CEO Kerri Accardi believes medical cannabis is ready to go mainstream. Her new broadcast series, “Medical Cannabis: The Healing Power of Knowledge” is scheduled to debut this fall, supported by some of legal cannabis’ top new brands.

With a passion for the plant, New York business savvy, and sheer determination, Accardi has forged partnerships with leading channels in every major U.S marketplace that, for the first time in history she believes, will allow cannabis brands to be seen on main stream broadcast television.

“I am humbled and grateful for the opportunity to collaborate with all the walks of life I’ve seen this amazing herb bring together,” Accardi said. “Knowing our series will bring the truth to light while bringing cannabis industry products and innovations to the public eye aligns with everything I personally started my soul mission for, I feel pure gratitude.”

Accardi and her team at AK Ventures are seeking cannabis related businesses to participate in “a modern day variety series” showcasing the healing benefits of cannabis!  Featuring well known athletes, doctors, nurses, patients, and others in professionally-produced segments the series is designed to be both entertainment and education, all packaged in a visually appealing and attention-getting TV format.

This exciting opportunity is available exclusively to one company in each product category in each marketplace.  The inaugural pricing is set at $10,000 for each verticals, including: Topicals, Medibles, Dispensary, Seed, Software, and Laboratories.

“Medical Cannabis: The Healing Power of Knowledge” Markets & Stations:

NEW YORK -WCBS

LOS ANGELES-KCBS, WLNY, KCAL

CHICAGO-WBBM

PHILADELPHIA-KYW, WPSG

DALLAS -FT WORTH-KTVT, KTXA

SAN FRANCISCO-OAKLAND- SAN JOSE-KPIX, KBCW

BOSTON(MANCHESTER)-WBZ, WSBK

DETROIT-WWJ

MINNEAPOLIS-ST PAUL-WCCO+

MIAMI-FT LAUDERDALE-WFOR, WBFS

DENVER-KCNC

SACRAMENTO-STOCKTON-MODESTO-KOVR

PITTSBURGH-KDKA

BALTIMORE-WJZ

ATLANTA-WUPA

TAMPA-ST PETE(SARASOTA)-WTOG

DETROIT-WKBD

SEATTLE-TACOMA-KSTW

LAS VEGAS-CBS

Marijuana-Laced Foods Are Reaching A New High

There are millions of recipes for granola, but few involve a gram scale.

The scale is one of the first things that Stephany Gocobachi and Akhil Khadse bring out when they start a batch of medicated granola for Flour Child, their new enterprise. As the oven in their sunny Tendernob studio preheats, Gocobachi, a bright-eyed, voluble 25-year-old, weighs a minuscule amount of powdery green hashish, then tips it into a small saute pan of oil, raw sugar and maple syrup. Slowly, gently, she heats it up to convert the THCA in the cannabis resin into the psychoactive molecule THC.

Then she pours the potent mixture over organic rolled oats and seeds.

These days, anyone with a prescription for medical marijuana can shop for cannabis edibles in enough forms to stock a 7-Eleven: honeys, peanut butters, smoothies, ice creams, caramels, gummy bears, chocolates — not to mention the more traditional cookies and brownies. Most, to be frank, are functional foods targeted toward stoners — sugary and mind-blowingly potent.

San Francisco’s First Marijuana ‘Baked Sale’ Shows That Edibles Are The Next Multimillion-Dollar Food Industry

CALIFORNIA:  Last weekend, thousands from the Bay Area poured into the outdoor SoMa StrEAT Food Park for the Get Baked Sale, the first annual food rally for marijuana edibles enthusiasts.

Cannabis is only legal for medicinal use in California, though momentum is growing among supporters who seek to legalize its recreational use in a 2016 ballot initiative. Attendees at the fair had to present a state-authorized medical marijuana identification card at the door and pay $20 in order to enter.

Not unlike most smorgasbords, booths (selling mind-altering treats) lined the urban park. Some vendors lured people over with gimmicks, like free vape pens and a lottery wheel to win a THC-laced doughnut. We saw the usual suspects, pot brownies and cookies, and more daring confections, such as cannabis-infused fortune cookies, mini doughnuts, and ice cream. The crowd was unsurprisingly chill.

 

 

Medical Marijuana Users Can Bake It, Not Just Smoke It, Top Court Rules

CANADA:  The Supreme Court of Canada has ruled that users of marijuana for medical purposes have the right to bake the drug into cookies, take it in lozenge form or as topical oils, in addition to smoking it.

In a unanimous ruling Friday, the court said that federal law limiting medical marijuana use to smoking the dried form is arbitrary, and runs counter to the government’s stated objective of protecting health and safety. “The evidence amply supports the trial judge’s conclusions that inhaling marihuana can present health risks and that it is less effective for some conditions than administration of cannabis derivatives,” the court ruled, in a decision signed collectively by “the court,” which sometimes happens to give institutional weight to a ruling.

The right at stake was described by the British Columbia Civil Liberties Association as the right to personal autonomy in medical decision-making – no matter what medical science may say about the wisdom of the decision.

 

Evergreen Herbal’s Marco Hoffman VIP Presenter At MJBA Job Fair

WASHINGTON:  The cannabis industry is on fire, pun intended, and with it comes employment opportunities for everyone from cannabis connoisseur to novice.  This Saturday’s MJBA Job Fair is a one-stop shop for those seeking employment in the growing industry.  Evergreen Herbal, a premier Washington based medibles and smokeless alternatives producer, is looking to fill three positions at the event:

  • Kitchen staff: bakers, chocolatiers, and packagers
  • Office: admin/bookkeeper
  • Sales: inside and outside sales

Marco Hoffman, CEO of Evergreen Herbal, will be speaking about these positions and the industry as a whole at the event on Saturday September 27th, 2014.  Don’t have experience growing cannabis or making medicated chocolate bars?  No problem.  “Even though we are in the cannabis industry, we are still looking to employ professional people,” Marco said.   “The industry is so young that of course we are going to have employees who don’t have experience working with cannabis.  That’s okay.  Having a strong sales background selling car parts can set you up to be a great medibles sales rep.”  Marco and other cannabis companies are hopeful they will be able to hire cannabis-friendly and qualified job seekers this weekend.

The Fate Of Colorado’s Weed Industry Rests On These Chocolate Bars

COLORADO:  Bob Eschino’s Denver-based company, Medically Correct, makes a line of tasty looking white- and dark-chocolate bars called Incredibles that come in flavors like cookie crumble and toffee. Each Hershey’s-size bar contains 100 milligrams of hash oil, which, if you ate the entire thing, would be equal to smoking about 10 joints. This is the last thing Eschino would recommend.

“The ultimate goal for recreational cannabis is to have a good time,” says Eschino. “We don’t want to see people over-consuming and not having a good time.”

Lately, the state’s edibles makers have not been having a good time. Since pot went legal in Colorado last December, two deaths have been linked to an over-consumption of marijuana confections, and a raft of bad press has shone a spotlight on the surprisingly powerful punch such treats pack for the novice user.

The issue isn’t that the pot goodies themselves can kill, but rather, as the recent, infamous New York Times op-ed by Maureen Dowd illustrates,  they can make you scarily high: “I lay curled up in a hallucinatory state for the next eight hours.” These types of stories, coupled with reports of children accidentally eating pot treats and being rushed to Colorado emergency rooms, have sounded alarm bells in the industry. Regulators in Colorado and Washington are requiring new, stricter packaging requirements for edibles. And producers like Eschino are proactively banding together to start public education campaigns to get people to consume more responsibly.