‘Cannabis Beauty’ Is Becoming a Real Category as Sephora, Others Promote CBD-Infused Products

Cannabis beauty has become so trendy that Wall Street analysts have started treating it as a standalone category.

As beauty products laced with CBD, a non-psychoactive compound found in hemp and marijuana, continue to find their way onto the shelves of retailers including Sephora, Barneys and Neiman Marcus, analysts at Piper Jaffray are seeing further growth in this “beauty and the bong” industry. The trend could help boost the overall CBD market, which Piper pegs at worth $50 billion to $100 billion on day.

“This week at Sephora, we noticed a curated section in-store for hemp-oriented products featuring brands that have dipped their toe into this space,” Erinn Murphy, Piper Jaffray’s senior research analyst, said in a note on Wednesday. “We have seen a high level of interest in cannabis beauty from retailers over the past month based on our store checks and incremental launches.We expect further retailer developments in the coming months.”

– Read the entire article at CNBC News.

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Alberta Retailer Plans to Open Cannabis Store in Ottawa

Fire & Flower, a cannabis retailer based in Alberta, announced Tuesday that they have reached an agreement with one of the winning applicants to open a store on York Street in the Byward Market.

Fire & Flower said in a release sent out on Tuesday that it has entered into agreements with two of the initial 25 applicants that have been selected by the Alcohol and Gaming Commission to apply for cannabis retail operator licences in eastern Ontario.

The two applicants they reference are located in Ottawa and Kingston.

– Read the entire article at Global News.

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NYC to Fine Restaurants who Serve CBD-Infused Food and Drinks

The New York City Health Department revealed last week that it will begin fining businesses that continue to offer CBD products after September. In an email sent by the department to restauranteurs last week, businesses were informed that the ban on CBD goods would go into effect on July 1. After that date, inspectors who find CBD products at restaurants will embargo them, removing them from sale and forcing the business to return them to the supplier or discard them. Beginning October 1, restaurants still offering CBD products will be “subject to fines,” according to a report from CNBC, which has obtained a copy of the email.

A department spokesman confirmed details of the email sent to New York City business owners in a statement to CNBC.

“The U.S. Food and Drug Administration has advised that it is unlawful to add cannabidiol (CBD) to food or drink,” the spokesman said. “We are currently informing businesses in New York City that may sell food and drink about this regulation, and have implemented an educational period to help them achieve compliance.”

Under FDA regulations, it is not legal to add drugs to foods and drinks. That rule applies to CBD, which is

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Ontario Delivers Yet Another Cannabis Decision That Hurts Retailers and Helps Illegal Dealers

Opinion: A monopoly on e-commerce benefits the government, and the black market, at the expense of consumers.

On January 31st, the Alcohol and Gaming Commission of Ontario (ACGO) stated legal cannabis shops in the province will be prohibited from offering online retail options to consumers. This means that the initial 25 cannabis stores in Ontario and the multitude of stores that could open once the province lifts its temporary cap on retail licences won’t be able to offer consumers online ordering for store pickup (click and collect). Nor will they be able to offer any same-day delivery services.

The move to mandate that the province have a monopoly on cannabis e-commerce benefits the government, and the black market, at the expense of consumers.

– Read the entire article at News.

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Fmr. Yahoo CEO Carol Bartz Shares Advice For Cannabis Entrepreneurs: ‘You Have To Have Some Cojones’

A few weeks ago, Carol Bartz, former CEO of Autodesk and Yahoo, was all over the news after seed-to-sale cannabis company Caliva announced she was part of a group that had invested $75 million into the company, alongside NFL legend Joe Montana – found here talking about cannabis and football.

Surprisingly, the 70-year-old tech industry superstar, was very open about her cannabis use, disclosing her predilection not only for the super trendy, non-psychoactive CBD, but also for THC, the psychoactive compound found in cannabis that makes people feel “high.”

“I do consider myself a progressive, kind of experimental, person,” Bartz told me during a recent conversation, as she discussed her first experience with medical cannabis, which she described as “crazy good.”

– Read the entire article at Forbes.

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