Investor
Ideas #Potcasts, #Cannabis News and #Stocks on the Move: (OTCQX: $GRAMF), Holy Roller, #Legalisation
Efforts in the #US and #Europe and #CannabisSeizures
Delta, Kelowna, BC, March 24, 2023
(Investorideas.com Newswire), investorideas.com, a global news source covering leading sectors
including marijuana and hemp stocks and its potcast site
release today’s podcast edition of cannabis news and stocks to watch plus insight
from thought leaders and experts.
Listen to the podcast:
https://www.investorideas.com/Audio/Podcasts/2023/032423-Cannabis.mp3
Read this in full at https://www.investorideas.com/news/2023/cannabis-potcasts/03241Legalization-Efforts-US-Europe.asp
TPCO Holding Corp. (The Parent Company) (NEO: GRAM.U) (OTCQX: GRAMF), a leading consumer-focused
California cannabis company, announced the exclusive launch of Cruisers, a
new all-FUN, no-frills brand that puts consumers first and offers everyday
value on premium cannabis products. Cruisers combines the Company's existing
brands, Fun Uncle and DELI, streamlining these top-performing products into a
single consumer-centric destination. By
skipping the doldrums of the daily grind, Cruisers transports consumers to that
carefree place where the bowl is always full. The weed wizards at Cruisers
combine high-quality with tasty custom flavours for good times only. Cruisers
launched statewide in California on Wednesday, March 22nd, with prime
availability in all The Parent Company-owned retail locations.
Providing high-quality distraction from the
ordinary, Cruisers offers budget pricing for various cannabis products in all
key categories, including best-selling distillate and live resin vapes, whole
flower, gummies, and preroll products, including the debut of Cruisers' new
infused prerolls. Infused prerolls, one of the fastest growing categories
according to Headset, will be available in the 1g single and the extremely popular
5-pk mini formats. Cruisers' new vape products utilise the same unique formulas
and flavours that made Fun Uncle the #1 selling value ($20-$30) vape in
California, according to BDSA data. Additional products offered at the brand's
launch include the new Cruisers' 1g Infused single pre-rolls featuring high-THC
distillate and a kief coating in flavours like Blueberry Cookies, Strawberry
Gelato, and Maui Wowie.
"I am thrilled to announce the launch
of Cruisers. Combining Fun Uncle and DELI, which are two of our most beloved
and disruptive brands, Cruisers will continue to feature high-quality products at a competitive, value
price point. In our retail locations, Cruisers will be the best priced offering
in every category it plays in," said Troy Datcher, CEO & Chairman of
the Board at The Parent Company. "The new brand name was inspired by Fun
Uncle "Cruisers" Vapes, which quickly became the #1 selling vape in
the value segment. As we continue to prioritise building our portfolio of top-tier
brands, we are committed to serving our customers' most essential needs through
innovative and consistent brands."
To celebrate the launch of Cruisers, the
Company will host "All Fun Fridays" in-store activations at Caliva
San Jose, Varda Pasadena, Calma WeHo, and Coastal Santa Barbara starting today,
Friday, March 24th. All Fun Fridays run every Friday from March 24th through
April 14th and will feature branded swag giveaways and in-store promotions.
GreenBroz Inc., the leader in post-harvest
processing technology, has announced the Holy Roller, an
evolutionary leap in high-capacity pre-roll machines. It can produce 3000+
cones per hour with unrivalled fill accuracy and consistency.
The Holy Roller is the product of extensive
R&D by an engineering team with over three decades of experience in
cannabis and automated packaging. The machine achieves an impressive output
rate with unmatched consistency and only a .0012 density variance. This is over
10x more precise than any other pre-roll machine on the market.
"When we decided to pursue automation
of making the perfect joint, we knew we needed something designed with the
real-world properties of cannabis in mind," said Cullen Raichart,
GreenBroz CEO.
"We focused on consistency, which is
the lifeblood of your brand, and on what consumers desire: pre-rolls packed
densely and evenly and filled with a coarse grind for proper airflow. We are
proud to release a machine that delivers all of those qualities, producing
cones that are not only identical but provide the same great user experience
every time."
To achieve superior accuracy and
efficiency, the Holy Roller uses active weighing technology and proprietary
cannabis separation technology, eliminating discrepancies in cone fills and
cutting down on clogs. Pre-roll producers will be able to make joints ranging
from .35 grams to a full gram with one universal cone, which allows them to
fulfil multiple product SKUs and streamline ordering, storage, and inventory.
The Holy Roller is the only commercial
cone-filling machine on the market engineered to accommodate whatever grind
size the operator chooses to use, including the 3mm grind, the optimal particle
size for smokability and flavour.
"Getting a better understanding of
what's happening inside pre-rolls when consumers smoke them is vital to
improving quality. After extensive airflow testing, we have found that the 3mm
grind allows the air to travel through the length of the cone more efficiently
and burn evenly, giving consumers a smoother smoking experience," said
Raichart.
"The Holy Roller is a real
game-changer and gives pre-roll producers an edge in the highly competitive
market, providing them with the perfect mix of quality, quantity, uniformity,
and airflow to position their brand as a leader in consistency."
To accommodate different operational needs,
the machine is available in 2 or 4-lane variants.
A recent article from Marijuna Moment, discussed
how The Wine & Spirits Wholesalers of America (WSWA) has officially
endorsed the legalisation of marijuana at the federal level and has released a
policy paper that outlines regulatory priorities to support this effort.
The association suggested that regulations
for marijuana should follow the model of alcohol regulations to promote industry
competition, innovation, and public safety. WSWA acknowledged that federal
regulations should not replace state-established regulations entirely, but some
level of federal oversight and taxation could help support state programs and
promote normalisation of the cannabis industry.
“Americans have confidence in our regulated
alcohol system and our experience can benefit lawmakers creating a U.S.
adult-use cannabis market,” WSWA CEO Michelle Korsmo said in a press release on Friday. “WSWA
members have successfully partnered with suppliers and distributed socially
sensitive products to locally licensed retailers for the last century.”
“The U.S. alcohol marketplace is the safest
and most diverse in the world because of the smart and enforceable federal
regulatory model that ensures product integrity, efficient tax collection and
public safety,” Korsmo said.
WSWA detailed four key principles for
federal oversight of an adult-use marijuana supply chain:
1. The federal permitting of cannabis
producers, importers, testing facilities and distributors.
The association said states should manage
licensing for marijuana retailers, but it recommended that the federal
government require permits for cannabis producers, importers, testing
facilities and distributors through the Department of Treasury’s Alcohol and
Tobacco Tax and Trade Bureau (TTB).
2. The approval and regulation of cannabis
products.
New cannabis products should be subject to
pre-market approval and federal registration, also through TTB, the association
said. That would support existing quality control policies that are in place at
the state level.
A standardised label should be included on
all marijuana items, too. They should feature information, at a minimum, about
the product name, THC potency, net content, producer name and address, a
government health warning and the country of origin (for imports).
3. The efficient and effective collection
of federal excise tax.
WSWA advised that a federal excise tax
should be imposed for cannabis products at the producer or importer level, and
it should be based on potency just as beverages are taxed based on alcohol
concentration. The taxes should be payable to TTB on a semimonthly basis.
4. Effective measures to ensure public
safety.
With respect to public safety, the
association focused on deterring impaired driving, and it said that lawmakers
should prioritize collaborative partnerships with law enforcement and
researchers to develop technology that can identify active impairment from
cannabis while also funding training for drug recognition experts on the roads.
WSWA, which came out in support of states rights to legalize cannabis
in 2018, ended its policy brief by explaining why it’s taking this step to
advise on federal reform. Since the end of alcohol prohibition, a “safe and
economically vibrant marketplace has developed—one that serves the dual needs
of regulators and consumers,” it said.
“While individual regulations have been
modified over time, the basic federal regulatory structure of permitting and
tax collection has stood the test of time,” WSWA’s paper, which was noted earlier by Politico, says. “As
policymakers consider the future of adult-use cannabis, we believe it is
important to share the learnings of our industry. America’s wine and spirits
wholesalers are a proud part of this system and believe that the principles
outlined here can be extended to a national adult-use cannabis system.”
In news from Europe we see a renewed push for
legalisation efforts as Germany is
expected to introduce a bill to legalize marijuana in the coming weeks.
Marijuana is largely decriminalised in Germany, but the bill would declassify cannabis as a
narcotic, allowing citizens over age 18 to carry up to 30 grams, or just over
one ounce, for personal use. Residents would also be allowed to legally grow up
to three marijuana plants in their homes and cannabis products could be sold in
licensed stores.
Meanwhile in Zurich, both the city and the
University of Zurich will launch a study titled “Züri Can—Cannabis with Responsibility” that
will examine the possibilities and effects of the regulated sale and
consumption of the drug among a test group of 2,100 residents.
Switzerland has allowed the sale of medical
cannabis with less than 1% THC since 2011. The country decriminalized recreational cannabis
possession in 2013, but even consumers caught with less than 10 grams (.35
ounces) can still be fined.
The authors of the Zurich study hope to
provide real-world evidence to support policy making efforts. The results could
help draft regulations based on levels of cannabis usage that promote
individual and public health and safety. Similar studies with universities are
planned to roll out in the coming months. Those studies will run across
Switzerland including in Basel, Bern, Lausanne, Geneva, Biel, Thun, Olten, and
Winterthur.
France is also undergoing a trial program expected to be complete by March
2024, providing free medical marijuana treatment to 3,000 patients.
The country currently only allows cannabis-derived medicines for medical
purposes and has a strict approach to recreational use. The country’s policies
have mellowed, though. In 2018, France passed new regulations that reduced the penalty for possession of
marijuana to a fine of approximately 200 euros.
Lastly, we look at cannabis related
seizures, and why this continues.
In recent news, last week on March 18, 2023, as a
result of the vigilance of staff members, a package containing contraband and
unauthorised items was seized on the perimeter of the Federal Training Centre,
a multi-level security federal institution.
The contraband and unauthorised items
seized included 177 grams of marijuana, 119 grams of hashish, 5 grams of cocaine,
4 grams of cannabis wax, and 441 grams of tobacco. The total estimated
institutional value of the items seized is $47,124.
The Correctional Service of Canada (CSC)
uses a number of tools to prevent drugs from entering its institutions. These
tools include ion scanners and drug-detector dogs to search buildings, personal
property, inmates, and visitors.
CSC is heightening measures to prevent
contraband from entering its institutions in order to help ensure a safe and
secure environment for everyone. CSC also works in partnership with the police
to take action against those who attempt to introduce contraband into
correctional institutions.
CSC has also set up a telephone tip line
for all federal institutions so that it may receive additional information
about activities relating to security at CSC institutions. These activities may
be related to drug use or trafficking that may threaten the safety and security
of visitors, inmates, and staff members working at CSC institutions.
The toll-free number, 1–866–780–3784, helps
ensure that the information shared is protected and that callers remain
anonymous.
In B.C. news, The Community Safety Unit from the
Ministry of Public Safety and Solicitor General in British Columbia, Canada,
recently confiscated virtually the entire stock of the Victoria Cannabis Buyers
Club.
The Club's founder, Ted Smith, stated that
between $80,000 and $100,000 worth of products were taken. The Club serves
about 3,000 people per month, many of whom rely on its products for a range of
medical conditions.
“People count on our medicines for a range
of conditions from cancer to chronic pain to epilepsy, arthritis, diabetes.”
The Community Safety Unit is responsible
for enforcing the Cannabis Control and Licensing Act and focuses on the illegal
production and sale of cannabis.
Investigations result from “proactive
strategies and in response to complaints received from the public, government
agencies, police, legal market operators and others,” the ministry said in a
statement.
“All along, the aim has been voluntary
compliance, and we have been very clear that once legal cannabis retail outlets
became operational in a community, the illegal retailers would face enforcement
activities from the CSU.”
Smith said the organisation is different
from marijuana retailers because it provides a higher level of advice and
offers locally sourced products. The Club has been fined $6.5 million for
selling marijuana illegally at its previous location on Johnson Street, and the
fine is currently under appeal. The organisation is Canada's oldest
"compassion club" and has been selling cannabis products openly since
1996.
In January 2020, Victoria council passed a
motion supporting the club’s request for an exemption from the province’s
cannabis regulations, which came as the club was advocating for changes to the
rules regarding the production and sale of medical marijuana.
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