CBGA

Rising Consumer Spending on CBD-infused Products Fueling Big Profits in Billion Dollar Industry

Thursday, October 14, 2021 - 1:50pm

Nowadays, the demand for cannabis is expected to increase significantly from the arrival of cannabis-infused products.

Key Points: 
  • Nowadays, the demand for cannabis is expected to increase significantly from the arrival of cannabis-infused products.
  • The growth of the overall CBD-infused products market is backed by the rising demand and increasing legalization of cannabis, growing application of cannabis in cancer, and health benefits offered by cannabis-infused products.
  • As a result, CBD-infused product sales are soaring, ultimately driving the growth of the CBD-infused products market.
  • "According to Bloomberg , Thrasio, having raised more than $2 billion, could see its IPO valued at more than $10 billion.

Rising Consumer Spending on CBD-infused Products Fueling Big Profits in Billion Dollar Industry

Thursday, October 14, 2021 - 1:50pm

PALM BEACH, Fla., Oct. 14, 2021 /PRNewswire/ -- The last two decades have seen a great deal of progress in global legalization and regulation of cannabis, both for medical and recreational use. Nowadays, the demand for cannabis is expected to increase significantly from the arrival of cannabis-infused products. The growth of the overall CBD-infused products market is backed by the rising demand and increasing legalization of cannabis, growing application of cannabis in cancer, and health benefits offered by cannabis-infused products. Moreover, the usage of cannabis in pet food and the increasing demand for cannabis-infused drinks provide significant opportunities in this market. However, the high cost associated with CBD and stringent government regulations against cannabis in certain countries obstructs the growth of this market to some extent. A report from Meticulous Research projected that the CBD-infused products market is expected to grow at a CAGR of 45.6% from 2021 to 2028 to reach $216.8 billion by 2028. The report said, "The COVID-19 pandemic has severely impacted many economies around the globe. As a measure to control the spread of this disease and avoid its associated consequences, governments across the globe announced partial or complete lockdowns, majorly impacting many industries, but the cannabis industry is having a breakthrough moment. Since it is beneficial for COVID-19 respiratory effects, thus state and local governments are gradually accepting the value and benefits of medicinal cannabis. Thus, this factor is expected to boost the demand for CBD-infused products." Active Companies in the cannabis industry include Grove, Inc. (NASDAQ: GRVI), Trulieve Cannabis Corp. (OTCQX: TCNNF) (CSE: TRUL), Curaleaf Holdings, Inc. (OTCQX: CURLF) (CSE: CURA), Cronos Group, Inc. (NASDAQ: CRON) (TSX: CRON), Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB).

Key Points: 
  • Nowadays, the demand for cannabis is expected to increase significantly from the arrival of cannabis-infused products.
  • The growth of the overall CBD-infused products market is backed by the rising demand and increasing legalization of cannabis, growing application of cannabis in cancer, and health benefits offered by cannabis-infused products.
  • As a result, CBD-infused product sales are soaring, ultimately driving the growth of the CBD-infused products market.
  • "According to Bloomberg , Thrasio, having raised more than $2 billion, could see its IPO valued at more than $10 billion.

Advanced Cannabis Intoxication Detection Devices Set to Improve Road Safety

Monday, September 27, 2021 - 4:50pm

NEW YORK, Sept. 27, 2021 /PRNewswire/ -- More and more states are beginning to implement legislation to regulate cannabis products. As sales of such products are becoming more prevalent, new and important regulations are expected to be implemented. One of the major concerns over cannabis abuse revolves around operating a vehicle while impaired. Generally, law enforcement officers may conduct field tests such as sobriety tests or even sample tests. However, sobriety tests can be inaccurate, while sample tests may not receive results for days or even weeks. As a result, companies within the cannabis marketspace began to develop the necessary technology for law enforcement agencies to use in crackdowns on drivers operating a vehicle while under the influence of marijuana. Cannabix Technologies Inc. (OTC: BLOZF) (CSE: BLO), OrganiGram Holdings Inc. (NASDAQ: OGI), HEXO Corp. (NYSE: HEXO), Cronos Group Inc. (NASDAQ: CRON), Aurora Cannabis Inc. (NASDAQ: ACB)

Key Points: 
  • Overall, the legal cannabis market is permeating throughout the U.S. states and is helping to create a multi-billion-dollar industry.
  • While medical cannabis still dominates that broad cannabis marketplace, the growing awareness and legalization efforts are expected to further propel the overall industry forward.
  • The Company also reports that it has shipped two THCBA devices to a biomedical clinic in southern Ontario for beta-testing.
  • Aurora Cannabis Inc.(NASDAQ: ACB) and Ethypharm reported last month that they have successfully delivered their initial shipment of cannabis to the French medical cannabis pilot program, set to begin serving patients in the coming weeks.

Advanced Cannabis Intoxication Detection Devices Set to Improve Road Safety

Monday, September 27, 2021 - 4:47pm

Overall, the legal cannabis market is permeating throughout the U.S. states and is helping to create a multi-billion-dollar industry.

Key Points: 
  • Overall, the legal cannabis market is permeating throughout the U.S. states and is helping to create a multi-billion-dollar industry.
  • While medical cannabis still dominates that broad cannabis marketplace, the growing awareness and legalization efforts are expected to further propel the overall industry forward.
  • The Company also reports that it has shipped two THCBA devices to a biomedical clinic in southern Ontario for beta-testing.
  • Aurora Cannabis Inc.(NASDAQ: ACB) and Ethypharm reported last month that they have successfully delivered their initial shipment of cannabis to the French medical cannabis pilot program, set to begin serving patients in the coming weeks.

Willow Biosciences Announces Commercial Scale Operational Update, CBGA Production Update and Corporate Update

Tuesday, September 21, 2021 - 12:00pm

In March 2021, Willow completed its first commercial scale fermentation run of cannabigerol ("CBG") with its manufacturing partner at their European facilities.

Key Points: 
  • In March 2021, Willow completed its first commercial scale fermentation run of cannabigerol ("CBG") with its manufacturing partner at their European facilities.
  • Since this initial production run, Willow has increased its production titer by >400% and has carried out additional fermentation runs yielding tens of kilograms of ultra-pure CBG at >10,000 L fermentation scale.
  • The Company continues to make significant titer improvements to its strain, with further production runs planned through the end of the year.
  • Since launching CBG, Willow has received inquiries for its acidic precursor, cannabigerolic acid ("CBGA"), which is not readily available through extraction.

New 1Gb MRAM Offers the Highest Density of Hi-Rel Non-Volatile Memory in the Most Compact & Lowest Power Package

Tuesday, September 14, 2021 - 4:35pm

This new product offering is made possible as an extension of our exclusive partnership with Avalanche Technology, the leader in next generation MRAM Technology.

Key Points: 
  • This new product offering is made possible as an extension of our exclusive partnership with Avalanche Technology, the leader in next generation MRAM Technology.
  • This MRAM device architecture is analogous to Flash technology with an SRAM compatible READ/WRITE interface with an added performance enhancement, an Asynchronous Page Mode feature.
  • Micross and Avalanche are addressing the need for lower power and more compact memory solutions by providing a series of STT-MRAM devices based on this best-in-class, high-performance non-volatile memory technology.
  • The Spin-Torque, Persistent MRAM 1Gb, 32M x 32 is the latest density offered in Micross' new MRAM family.

North America CBD Infused Beverages Estimated To Be One of the Largest Sectors in Cannabis Industry Through 2025

Friday, September 10, 2021 - 1:30pm

The legalization of cannabis for medical and recreational purposes has had a strong impact on the sales of alcoholic drinks.

Key Points: 
  • The legalization of cannabis for medical and recreational purposes has had a strong impact on the sales of alcoholic drinks.
  • Grand View Research continued: "Strong demand for cannabis beverages from millennials is also anticipated to drive the market growth.
  • North America is estimated to be the fastest and largest market over the forecast period.
  • Europe is estimated to witness strong growth over the forecast period, owing to a rise in cannabis consumers in the region."

North America CBD Infused Beverages Estimated To Be One of the Largest Sectors in Cannabis Industry Through 2025

Friday, September 10, 2021 - 1:30pm

The legalization of cannabis for medical and recreational purposes has had a strong impact on the sales of alcoholic drinks.

Key Points: 
  • The legalization of cannabis for medical and recreational purposes has had a strong impact on the sales of alcoholic drinks.
  • Grand View Research continued: "Strong demand for cannabis beverages from millennials is also anticipated to drive the market growth.
  • North America is estimated to be the fastest and largest market over the forecast period.
  • Europe is estimated to witness strong growth over the forecast period, owing to a rise in cannabis consumers in the region."

Rising Awareness Of Health Benefits Of "Minor" Cannabinoids Such As CBG, CBDa CBC, CBN Driving U.S. Market

Wednesday, August 25, 2021 - 2:30pm

Moreover, the increase in demand for major as well as minor cannabinoids and affirmative researchers carried on for claiming their health benefits has helped in increasing the awareness regarding cannabinoid use.

Key Points: 
  • Moreover, the increase in demand for major as well as minor cannabinoids and affirmative researchers carried on for claiming their health benefits has helped in increasing the awareness regarding cannabinoid use.
  • The growth of the market is expected to favor the entry of several new players in the future, with rising awareness regarding the health benefits of minor cannabinoids such as CBG, CBDa, CBC, and CBN in the U.S.
  • Grand View added: "Increasing number of consumers opting for isolated cannabinoid products and rising awareness pertaining to cannabinoid products are the key factors driving the market.
  • CBDa products are anticipated to witness the fastest growth over the forecast period owing to potential health benefits and higher efficiency in managing health conditions.

Rising Awareness Of Health Benefits Of "Minor" Cannabinoids Such As CBG, CBDa CBC, CBN Driving U.S. Market

Wednesday, August 25, 2021 - 2:32pm

Moreover, the increase in demand for major as well as minor cannabinoids and affirmative researchers carried on for claiming their health benefits has helped in increasing the awareness regarding cannabinoid use.

Key Points: 
  • Moreover, the increase in demand for major as well as minor cannabinoids and affirmative researchers carried on for claiming their health benefits has helped in increasing the awareness regarding cannabinoid use.
  • The growth of the market is expected to favor the entry of several new players in the future, with rising awareness regarding the health benefits of minor cannabinoids such as CBG, CBDa, CBC, and CBN in the U.S.
  • Grand View added: "Increasing number of consumers opting for isolated cannabinoid products and rising awareness pertaining to cannabinoid products are the key factors driving the market.
  • CBDa products are anticipated to witness the fastest growth over the forecast period owing to potential health benefits and higher efficiency in managing health conditions.