Wednesday, 22 February 2023
Friday, 17 February 2023
Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move- Interview CMO and Co-Founder of (NASDAQ: $HPCO) and (OTC: $GGII)
Investor
Ideas #Potcasts, #Cannabis News and #Stocks on the Move- Interview CMO and
Co-Founder of (NASDAQ: $HPCO) and (OTC: $GGII)
Delta, Kelowna, BC, February 17th, 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/2023/021723-Cannabis.mp3
Read this in full at https://www.investorideas.com/news/2023/cannabis-potcasts/02171HPCO-GGII.asp
Hear Investor ideas
cannabis potcast on iTunes
Hear the investor
ideas potcast on Spotify
Today’s podcast overview/transcript:
In today’s podcast Investorideas
interviews Jorge Olson, CMO and Co-Founder of Hempacco Co. Inc. (NASDAQ:HPCO)
and Green Globe International
Inc. (OTC: GGII), where we discussed Olson’s
background that lead him into the cannabis industry, how Hempacco aims to be a
market disruptor in the industry, the benefits of moving away from reliance on
overseas manufacturing and the industry as a whole.
Olson
was born in Tijuana, Mexico, without running water or electricity, hurdling
buckets of water across a block several times per day. Now, Olson is the author
of business and inspirational books, as well as an authority on consumer
packaged goods, beverages, and wholesale distribution. His partners are
super-entrepreneur Sandro Piancone, Cheech and Chong, James Linsey, Rick Ross and
Snoop Dogg.
Hempacco
is focused on Disrupting Tobacco's™ nearly $1 trillion industry with hemp
cigarettes, smoking paper, and other alternatives to nicotine tobacco, which is
an ambitious play. When asked about some of the obstacles the company faced in
addressing such a challenge, Olson commented “running Hemp cigarettes through a
machine is not easy. It took us two years to figure out how to run hemp through
a traditional cigarette maker. When cannabis becomes legal federally we can
also run cannabis through our machine, which is even more difficult because of
the oil. In the process we discovered about 14 pieces of intellectual property,
though we’re not sure if we will patent all of them. The next biggest issue was
education. Education of the consumer as well as the sales staff. The first part
of our education was to the store. Most stores told us they weren’t a
dispensary and that they can’t sell pot. They would say it looks like pot, it
smells like pot, so we can’t sell it. We had to go with all of this paper work,
lab tests, etc. to prove what our products were. For our newer products we’ve
made sure our products don’t smell like cannabis so we can go after the “social
smoker”. For the social smoker, number one, you have to feel something, number
two, it can’t smell like cannabis. We have already achieved getting the smell
out. For the function and the feel, we are working on that.”
Earlier
this month, Hempacco Co., Inc., announced their new joint venture with
entertainment icon and entrepreneur Calvin Broadus, Jr. p/k/a "Snoop
Dogg" to develop a consumer-packaged goods line. Hempacco is Green Globe
InternationaI's majority-owned subsidiary focused on Disrupting Tobacco's™
nearly $1 trillion industry with hemp cigarettes, smoking paper, and other
alternatives to nicotine tobacco.
HPDG, LLC, the newly formed California limited liability company, is owned by Hempacco and Snoop Dogg and will develop, manufacture, and market a line of various consumer packaged goods, including smokable hemp products, hemp paper, blunts, vapes, and edibles.
"I
was elated when Snoop Dogg told us he wanted to go into the fast-moving
consumer goods vertical, producing portfolios of different products. My whole
team was thrilled," said Jorge Olson, CMO of GGII. "We can see the
potential of a portfolio of brands in smokables, nutritional supplements,
skincare, and other categories. When Snoop goes with us to a trade show, we can
ensure distributor and wholesaler participation. It's a consumer-packaged goods
brand's dream come true."
This
announcement followed the company’s previous announcement of entering into a
consignment agreement with Marijuana Packaging to sell its hemp blunt wraps.
Under the terms of the agreement, Marijuana Packaging will sell the Cheech
& Chong and Rick Ross hemp blunt wraps on their e-commerce platforms,
including marijuanapackaging.com, smokecones.com, and 420packaging.com.
Earlier
this year, Hempacco launched a joint venture with celebrities Cheech &
Chong and Rapper Rick Ross to manufacture their private brand of hemp CBD
cigarettes and hemp blunt wraps. The Cheech & Chong organic hemp blunt
wraps are now available to purchase online in a 25-count retail display in
three flavors: merry mint, lemon love, and grandaddy grape. The Rick Ross Hemp
Hop organic hemp blunt wraps are also available in a 25-count retail display in
rozay, cookies & creme, and strawberry rozay.
Olson
went on to discuss in more detail some of the products produced through
Hempacco, the long term potential for the company’s many patents, the benefits
of moving to North American manufacturing and becoming less reliant on overseas
products as well as expectations for the year.
To
find out more information about Hempacco Co. Inc. visit their website here.
To find our more information about Green Globe International Inc. visit their website here.
Investor ideas reminds all listeners to read our disclaimers and disclosures on the Investorideas.com website and that this podcast is not an endorsement to buy products or services or securities. Investors are reminded all investment involves risk and possible loss of investment.
To hear more Investorideas.com
podcasts visit: https://www.investorideas.com/Audio/.
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Get more Cannabis Stock Investor Ideas – news, articles, podcasts and stock directory
Thursday, 16 February 2023
Wednesday, 15 February 2023
Investor Ideas #Potcasts 646, #Cannabis News and #Stocks on the Move- (NASDAQ: $SNDL) and (NASDAQ: $OGI)
Investor
Ideas #Potcasts 646, #Cannabis News and #Stocks on the Move- (NASDAQ: $SNDL) and (NASDAQ: $OGI)
Delta, Kelowna, BC, February 15, 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/2023/021523-Cannabis.mp3
Read this in full at https://www.investorideas.com/news/2023/cannabis-potcasts/02151SNDL-OGI.asp
Hear Investor ideas
cannabis potcast on iTunes
Hear the investor
ideas potcast on Spotify
Today’s podcast overview/transcript:
In today’s podcast we look at recent news
regarding continued layoffs in Canada, cannabis bills being put forward in
Texas and California, pre ground bud sales and cannabis in Thailand.
SNDL
Inc. (NASDAQ: SNDL) announced changes to its operations through a
rightsizing of cannabis cultivation in Olds, Alberta, in an effort to focus the
facility on premium products and brands. The Valens Company Inc. transaction
has accelerated the need to optimise and rationalise SNDL's manufacturing and
operational footprint to better address market saturation and oversupply.
"We have made the difficult decision
to materially reduce staffing and activity levels in Olds, Alberta, in order to
improve the efficiency of our operations as one of Canada's largest adult-use
cannabis manufacturers," said Zach George, Chief Executive Officer of
SNDL.
"With the Olds facility already in
operation when I joined SNDL, I am proud of the cultivation capabilities and
high-quality flower that our teams have developed and produced. We estimate
that more than 1 billion grams of flower are sitting in Canadian vaults today.
Oversupply and excess capacity have resulted in high-quality flower being
widely available and sold well below the marginal cost of production. Using
available and existing biomass, we will be better equipped to leverage the
current pricing environment to materially improve our cost of goods sold and
margins. We are taking a proactive approach with our cultivation and
manufacturing strategy to evolve with the market while continuing to deliver
exceptional products across a variety of product and price segments."
SNDL has initiated a headcount reduction of
approximately 85 employees at the Olds facility as a part of a larger phased
cost savings program that is expected to deliver close to $9 million in savings
across labour and operational costs. The cost savings initiatives are expected
to position SNDL to exceed its previously announced integration savings target
as a result of the acquisition of Valens. SNDL expects to complete most of this
transition within the first quarter of 2023, and the cost savings will be
immediately accretive to adjusted EBITDA. The Company expects to report record
net revenue and net cash provided by operating activities for the fourth
quarter of 2022, with the year-end and fourth quarter of 2022 results expected
to be announced at the end of March 2023.
The Company's ongoing focus on high-quality
cannabis cultivation operations, combined with Valens' low-cost biomass
procurement capabilities, will enhance SNDL's ability to offer a wide range of
customised, innovative products to meet customer demand and current market
conditions. SNDL is confident that consumers will not see changes to the
availability and quality of the Company's brands. Through its integration and
rationalisation efforts, the Company is assessing all assets and will continue
to make decisions based on sustainable profitability.
This recent string of layoffs that has
included other LP’s in Canada is being discussed today as the Cannabis Council
of Canada President & CEO, George Smitherman, will be holding a press
conference with several cannabis sector CEOs on Parliament Hill to discuss the
impact recent layoffs and facility closures are having on producers of all
sizes across Canada.
Cannabis legalisation has been a success
for Canadians, as well as for federal, provincial and territorial governments,
but the industry cannot be sustained without urgent action.
Participation in the question and answer
portion of this event is in person or via Zoom, and is for accredited members
of the Press Gallery only. Media who are not members of the Press Gallery may
contact pressres2@parl.gc.ca for temporary access. The event takes place at
11:15am EST today.
In recent news, Texas cities and counties could
legalise recreational marijuana if a new bill passes the state Legislature.
Currently two-thirds of Texans approve of legalising marijuana for recreational
use by people ages 21 and older, according to a recent poll by the Hobby School of Public
Affairs at the University of Houston.
House Bill 1937, filed by Rep. Jessica González,
a Democrat from Dallas, would allow counties and municipalities to make their
own decisions regarding the recreational use of cannabis for Texans ages 21 and
older. This would allow local
governments to take action to allow adults to possess and transport up to 2.5
ounces of marijuana as well as the bill would also impose a 10% tax on all
cannabis products, which would be directed toward cannabis regulation, cannabis
testing, government oversight and funding for schools.
Currently, Republican leaders including
Gov. Greg Abbott and Lt. Gov. Dan Patrick have repeatedly said they don't support legalising
recreational cannabis use.
"While Texas has made progress with
the Compassionate Use Act, we have been left behind on a potential revenue
source that would increase investments in public education, stop unnecessary
arrests for cannabis possession, and create jobs in our state," González
said in a statement.
It should be noted that González filed a similar bill in 2021, but it didn't get to a
vote and there is speculation that even if this bill gets voted on and passes,
it's not likely that Abbott would sign it.
In other news over in California, there is a new
proposed bill aimed at changing the landscape of cannabis use in California.
The legislation put forward this month by
Assemblyman Matt Haney (D-San Francisco) would legalise the sale of food and
nonalcoholic beverages at cannabis retailers and lounges.
“It’s not unlike a neighbourhood bar or
cafe where people gather and get a lot of social value [out] of that,” Haney
said. “We allow in many places, on-site consumption of cannabis, but they’re
pretty sad places right now because you can’t eat or drink.”
Alcohol would not be allowed at the
“cannabis cafes” under Assembly Bill 374, Haney noted.
If passed, the bill and its counterpart
introduced in the state Senate would allow localities and cities to permit the
consumption of food and drink at cannabis retailers. The state would not force
the new regulations on municipalities, Haney said. Haney’s bill would also
allow cannabis cafes to host live performances and sell tickets to the events.
Haney said he has spoken with marijuana
retailers from Los Angeles to the Coachella Valley, all of whom say their
businesses must expand to survive.
“If we want this legal industry to survive
in California, we have to change these laws. They’re losing to the illegal
cannabis industry, and one thing that the legal cannabis small business can
offer is an experience,” Haney said. “Cannabis businesses told us that they may
have to close their doors unless the laws change. The regulations that prohibit
them from offering other products like food are a huge burden.”
In a recent article from MJBiz Daily, a growing
number of Canadian cannabis consumers are picking up a trend of buying
pre-ground flower that’s ready to roll into a joint or pack into a pipe or
vaporizer.
Growth in the ground-cannabis segment
appears to be propelled by convenience-seeking, value-conscious consumers,
although the Canadian trend hasn’t reached U.S. cannabis markets.
Although ground flower remains a niche,
value-oriented segment, its growth in Canada over three years merits attention.
At the beginning of 2020, ground-flower
sales were near-zero in the four Canadian provinces tracked by Seattle-based
cannabis analytics firm Headset: Ontario, Alberta, British Columbia and
Saskatchewan. By December 2022, ground flower comprised 7.3% of all flower
sales in the four Headset-monitored provinces, which include Canada’s three
biggest provincial cannabis markets.
“That’s very, very much a significant
portion of the highest-revenue category,” Headset Analytics Manager Cooper
Ashley said.
Organigram
Holding Inc. (NASDAQ:OGI) which has their Shred brand, has
been leading the ground-cannabis segment in the provincial markets tracked by
Headset.
Shred launched in September 2020 as a
ground-cannabis offering, but the brand has since been extended to include
pre-rolled joints, edibles and vapes.
Organigram Holdings’ CEO Beena Goldenberg
said Shred’s core ground-flower product revolves around convenience and
consistency.
Unlike the potential stereotype of
ground-cannabis flower as an industrial byproduct – shake and trim left over
from processing whole cannabis buds – Goldenberg described Shred as deliberate
blends of different cannabis cultivars formulated for specific aroma profiles,
without using added terpenes.
“We have a team of R&D people making
sure that, depending on the input materials, the amount, the mix of the blends
is going to be different so that we always get the same output flavor and
aroma,” she said.
Goldenberg said Shred consumers tell
Organigram they get “the same experience every time – they know what they’re
going to get, they know what to expect from it.”
Lastly, in news from Thailand, the country is
tightening the country's marijuana regulations, issuing new guidance and
measures intended to curb a rapid rise in recreational use of the drug since
its decriminalisation last year.
The topic is likely to be a major issue in
general elections scheduled to happen by May.
The government said last month that showing
identification will be required when buying cannabis flower buds, which are
rich in hallucinogenic compounds. Bangkok aims to incorporate buyer information
into a national database to track and analyse cannabis sales and purchases.
Businesses that fail to comply risk having their sales licence revoked.
Authorities also have intensified
surveillance of dealers, arresting more than 30 people by January in places
like Bangkok and the resort city of Pattaya for selling without a licence,
local media report.
Efforts to prevent abuse by foreign
tourists have also been strengthened. The Public Health Ministry last month
released 10 guidelines for travellers on using marijuana in Thailand, including
conditions for purchasing and growing. The guidelines also warn that people who
smoke marijuana in a public place can be jailed for up to three months or fined
25,000 baht ($740).
The average monthly number of cases
involving impaired consciousness and other issues due to marijuana use has
quadrupled since the legalisation, the health ministry said.
Investor ideas reminds all listeners to
read our disclaimers and disclosures on the Investorideas.com website and that
this podcast is not an endorsement to buy products or services or securities.
Investors are reminded all investment involves risk and possible loss of
investment.
About
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Monday, 13 February 2023
Investor Ideas #Potcasts 645, #Cannabis News and #Stocks on the Move- (TSX: $WEED.TO) (NASDAQ: $CGC) (TSXV: $MUSH.V)
Investor Ideas #Potcasts 645, #Cannabis
News and #Stocks on the Move- (TSX: $WEED.TO) (NASDAQ: $CGC) (TSXV: $MUSH.V)
Delta, Kelowna, BC, February 13, 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/2023/021323-Cannabis.mp3
Read
this in full at https://www.investorideas.com/news/2023/cannabis-potcasts/02131WEED-CGC-MUSH.asp
Hear Investor ideas
cannabis potcast on iTunes
Hear the investor
ideas potcast on Spotify
Today’s podcast overview/transcript:
In today’s podcast we look at a few
public company announcements as well as recent news regarding the edibles
market in Canada and the issues being raised from the industry, cannabis
hangovers and Raw papers.
Canopy
Growth Corporation (TSX: WEED) (NASDAQ: CGC) announced its financial results for the third
quarter ended December 31, 2022. Canopy Growth is also announcing significant
changes to the Company's Canadian cannabis business. All financial information
in this press release is reported in Canadian dollars, unless otherwise
indicated.
Highlights
●
Canopy Growth announced
today that it is transitioning to an asset-light model in Canada by exiting
cannabis flower cultivation in the Company's Smiths Falls, Ontario facility,
ceasing the sourcing of cannabis flower from the Mirabel, Quebec facility, and
moving to a third-party sourcing model for cannabis beverages, edibles, vapes,
and extracts.
●
Today's changes come in
addition to multiple cost reduction activities within FY2023, including the
divestiture of Canopy Growth's Canadian retail operations, the organisational
restructuring of certain corporate functions, and the closure of the
Scarborough, Ontario research facility.
●
As a result of the cost
reduction initiatives undertaken in fiscal 2023, the Company intends to close
its 1 Hershey Drive facility in Smiths Falls, Ontario, in addition to reducing
headcount across the business by approximately 60%, including 800 positions
impacted by the changes announced today, of which 40% are impacted immediately.
●
Management expects these
cost reduction initiatives will reduce annual Cost of Goods Sold
("COGS") and Selling, General & Administrative
("SG&A") expenses by a combined $140-$160 million over the next
12 months, bringing the total cost reduction target to $240-$310 million
inclusive of the reductions announced in April 2022.
●
Canopy Growth continues to
progress its U.S. strategy through Canopy USA, LLC ("CUSA") and is
committed to remaining dual–listed on the TSX and the Nasdaq.
●
Based on our current
revenue run rate and these cost reduction initiatives, management reaffirms its
expectation to achieve positive Adjusted EBITDA in FY2024, with the exception
of investment in BioSteel.
"Canopy must reach profitability to
achieve our ambition of long-term North American cannabis market leadership. We
are transforming our Canadian business to an asset-light model and
significantly reducing the overall size of our organization. These changes are
difficult but necessary to drive our business to profitability and
growth." said David Klein, Chief Executive Officer.
The
Good Shroom Co Inc. (TSXV:MUSH) through its subsidiary Teonan
Biomedical Inc., announced that it is breaking into a new
category with a THC infused beef jerky named OG Jerk.
OG Jerk launched in all Quebec cannabis
stores last week. The Company received its first purchase order for this
product of $23,685.12 and is expected to receive replenishment orders every 1
to 2 weeks in addition to its other hash, hash infused joints and cannabis
flower SKU's. The total Quebec purchase order value for this week, all products
combined, was of $ 94,523.52. Orders are received weekly in the province of
Quebec.
OG Jerk contains 60 grams of beef jerky (2
x 30 gram vacuum sealed sachets) infused with a total of 9 mg of THC (2 x 4.5
mg of THC vacuum sealed sachets) which permits the consumer to consume in doses
accordingly and enjoy beef jerky in the process.
The company's CEO Mr. Eric Ronsse stated
"In Quebec the government limits the choice of edibles to products which
they judge would not appeal to children such as cookies and candies which has
drastically limited the choices. This limitation also presents an opportunity
as there are no well performing edibles at present, by our standards. As the
only beef jerky in Quebec, we expect that such a commonly consumed savoury
snack, now infused with THC, will appeal to many consumers. Concurrent with
Superbowl weekend, we also feel it's an appropriate launch week."
In recent news, smoking marijuana on the streets
of Amsterdam‘s
Red
Light District will soon be illegal.
The ban comes as part of a string of new legislation that aims to make
life in the city more bearable for permanent residents who have long complained
about the rowdiness of tourists in the area.
Amsterdam’s city council announced the
cannabis ban on Thursday. The city’s statement said Amsterdam’s busiest
neighbourhoods, including De Wallen (also known as the Red Light District),
have become “unliveable.”
“Residents of the old town suffer a lot
from mass tourism and alcohol and drug abuse on the streets,” wrote the
Municipality of Amsterdam. “Especially at night, the atmosphere can get grim.
People who are under the influence linger for a long time. Residents cannot
sleep well and the neighbourhood becomes unsafe and unliveable.”
In addition to the soon-to-be smoking ban,
the city is also discouraging the sale of alcohol. Stores in the inner city
will be banned from selling alcohol after 4 p.m. Thursday to Sunday. Drinking
in public will be forbidden.
In mid-May, bars, restaurants and cafes
will close at 2 a.m., rather than the currently mandated 3 a.m. weekday and 4
a.m. weekend times.
Sex work establishments will also see their
hours change as a result of the new legislation, and will now be required to
close up shop at 3 a.m., rather than 6 a.m.
A recent news article from the Toronto Star,
discussed how “Aurora Cannabis
Inc. (NASDAQ: ACB)
and other cannabis producers appear to be finding some creative ways
around dose limits for legal THC gummies — and Health Canada apparently isn’t
amused.”
Some of the products, which hit legal pot
stores and the Ontario Cannabis Store website late last year, have been labelled
as “Glitches.” This has come as a natural result, say industry officials, of
competition from the grey market, where vastly stronger edibles are readily
available.
Industry sources say several licensed
producers, including Aurora, have received letters from Health Canada recently
about edibles which the regulator said didn’t conform to the rules.
The Drift brand, Glitches, produced by
Aurora, each contain 10 mg of THC per unit, the maximum for edibles and extract
products. But they come in packages of 5 or 10, meaning there are either 50 or
100 mg of THC per package. Edibles can have a maximum of 10 mg per package,
while “extract” products can contain up to 1000 mg of THC per package.
“Health Canada has identified edible
cannabis products erroneously being classified and marketed as cannabis extract
products,” said spokesperson Tammy Jarbeau. “These non-compliant products do
not meet the controls in the Cannabis Act and Cannabis Regulations which serve
to mitigate against public health and public safety risks associated with
edible cannabis.”
Extract products, whether they’re in gel
form or liquid, are also supposed to contain no added sugar or sweeteners. The
Glitches ingredient list includes oligofructose, which is listed by Health
Canada as a dietary fibre, but is sometimes used as an alternative, low-calorie
sweetener.Jarbeau said Health Canada typically gives companies who run afoul of
regulations a chance to allow them to remedy the situation.
“Health Canada is in the process of working
with implicated licence holders to return them into compliance with the Act and
its regulations,” said Jarbeau.
Aurora spokesperson Michelle Lefler said
the company was following the rules when it developed and launched Glitches.
“We take compliance seriously and developed
our Aurora Drift Glitches in accordance with the regulations and fulfilled all
requirements by Health Canada prior to market launch,” said Lefler in an email.
“We respect Health Canada’s oversight and continue to have regular, open dialogue
about moving forward.”
Producers wouldn’t have to do an end-run
around rules if THC limits weren’t so low, argued former Ontario cabinet
minister George Smitherman, the head of the industry association for legal
cannabis producers. The low amount of THC allowed in legal edibles is pushing
consumers into the grey market, he added.
“That limit means we concede that category
to the illicit market,” said Smitherman, president and CEO of the Cannabis
Council of Canada.
On a recent visit to one grey market store,
shoppers could buy 10-packs of “Stellar” gummies, with each candy containing
100 mg of THC, bags of Pineapple Express gummies containing 50 mg of THC, or a
small package of strawberry-flavoured cotton candy containing 150 mg of THC.
Competing with that kind of variety,
colourful packaging and dosages, Smitherman said, simply isn’t a fair fight for
mainstream companies.
In other recent news, a new scientific review is
challenging the idea that there’s a marijuana “hangover” effect the day after
use, raising questions about policies that punish drivers and people in
safety-sensitive positions for cannabis consumption that occurs weeks prior to
drug tests being administered.
Researchers at the University of Sydney
reviewed 20 studies that looked at the effects of marijuana eight hours after
use, focusing on performance assessments. Their findings are set to be
published in the journal Cannabis and Cannabinoid Research.
“Most studies didn’t detect ‘next day’
effects of cannabis use, and the few that did had significant limitations,”
study author Danielle McCartney said in a press release. “Overall, it appears
that there is limited scientific evidence to support the assertion that
cannabis use impairs ‘next day’ performance. Though, further research is still
required to fully address this issue.”
“Policy makers should bear in mind that the
implementation of very conservative workplace regulations can have serious
consequences, such as termination of employment with a positive drug test,” the
study states. “They can also impact the
quality of life of individuals who are required to abstain from medicinal
cannabis used to treat conditions such as insomnia or chronic pain for fear of
a positive workplace or roadside drug test.”
This issue has become a focus of
policymaking as the legalisation movement continues to spread. Certain sectors
like the trucking industry have identified THC screening as a major
contributing factor for labour shortages, for example.
The head of the American Trucking
Association (ATA) recently discussed the problem with a congressional committee,
arguing that lawmakers need to “step up” to address the federal and state
cannabis policy conflict as the industry faces these shortages.
Lastly, Raw, the company making the most
well known rolling papers has found itself in hot water after a federal
court ordered HBI International, maker of Raw Organic Hemp rolling papers, to
stop selling and distributing certain products after a jury found the company
engaged in unfair competition and violated the Illinois Uniform Deceptive Trade
Practices Act.
The permanent injunction, filed Jan. 31 in
the U.S. District Court for the Northern District of Illinois, stems from a
2016 lawsuit from Republic Brands, a Glenview, Illinois-based
distributor of rolling papers and premium smoking accessories.
Republic Brands claimed HBI “deceptively and
unfairly marketed” its Raw Organic Hemp rolling papers and that conduct largely
fell within nine topics or categories. Those include HBI marketing its papers
as having been made in Alcoy, Spain, and referring to Alcoy as the “birthplace
of rolling papers.” HBI affixed an Alcoy stamp to some of its products.
Evidence at trial found, however, that HBI
“makes no rolling paper in Alcoy, Spain whatsoever,” a Jan. 19 opinion and order
from district judge Thomas Durkin said.
Other claims HBI made regarded the
existence of a Raw Foundation, that Raw organic hemp rolling papers are made in
eco-friendly and 100% wind powered facilities, that HBI’s CEO and founder
Joshua Kesselman invented rolling paper cones and more, court documents show.
According to the court order, by March 2,
HBI must stop promoting, selling, distributing, shipping or delivering all Raw
Organic Hemp products sold in packaging displaying the nine statements,
including the Alcoy stamp. By May 31, it must stop selling the products under
its other brands sold in packaging including an Alcoy stamp.
This follows other reporting in which blunt and joint
smokers around the world may want to consider spending a bit extra to get
higher-quality papers from now on. New research shows a significant amount of
papers and blunt wraps are likely tainted with heavy metals and pesticides
which can harm your health.
Nearly one in ten rolling papers failed
California’s stringent standards for legal cannabis product purity…
Leading California lab SC Labs spent two
months this summer testing 118 rolling papers, cones, wraps, and cellulose
rolling papers purchased from Amazon and several smoke shops around Santa Cruz.
Nearly one in ten rolling papers (13)
failed California’s stringent standards for legal cannabis product purity:
including 8 of 20 types of blunt wraps SC Labs tested, and all 3 cellulose-based
rolling papers tested. Almost all other rolling papers and cones passed.
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