Category: Blog Post

Editors’ Note: This is an excerpt from our Monthly Playbook. If you would like to read the full monthly playbook and join the thousands of others you can sign up below.

The next wave in cannabis cultivation, extraction, manufacturing, formulation, fulfillment, and retail will adopt automation to improve efficiency. Companies with improved efficiencies will be able to provide high-quality products to consumers at lower price points, ultimately gaining more market share and pushing out companies that can not compete at the same price point.

According to Boston Consulting Group, the technologies that will allow for the ‘smart factory’ include the following:

• Additive Manufacturing
• Augmented Reality (AR)
• Autonomous Robotics
• Big Data Analytics
• Blockchain
• Cloud Computing
• Cybersecurity
• Digital Twins
• Human Machine Interface
• Internet of Things
• IT System Integration
• Process Analytical Technology (PAT)
• Quality by Design
• Virtual Reality

Together these technologies create the concept of the ‘Smart Factory,’ a term coined in Germany around 2011. These technologies will reduce the cost and time for product development, enable mass customization, and reduce production costs, all while improving quality. Over the next year, we will cover the areas where the technology is currently being used in the industry, up-and-coming technology starting to emerge, and future concepts on the horizon.

Throughout 2023,8th Revolution will cover each technology in detail and provide examples of how cannabis companies can adopt the technology and the expected economic value.

Editors’ Note: This is an excerpt from our Monthly Playbook. If you would like to read the full monthly playbook and join the thousands of others you can sign up below.

We have recently started reporting on FDA-compliant Delta-9 THC distillate, CBDA, and CBN-O. Our firm will continue to add cannabinoids as we see them gain in popularity and volume in the marketplace. Volatility within the minor cannabinoid market continued this month. CBDV prices dropped 17%, and HHC acetate prices jumped 43%. The most stable cannabinoid from a wholesale price perspective in 2022 has been THC-O. Market prices in February were $1,150 / kg. Currently, the price hovers around $1,116 / kg.

One of the more exciting developments in the cannabinoid market is underway in Minnesota, where THC derived from hemp is being infused in beverages and sold at regular retail outlets. Minnesota could have massive implications on demand for all minors. We will closely monitor how regulators handle the current Minnesota THC beverage industry. The use case and marketplace for end products containing minor cannabinoids are still emerging. Every emerging market has its growing pains, and price volatility will continue until established use cases and finished consumer products are created. Disclaimer The reported pricing is based on market observations.

Editors’ Note: This is an excerpt from our Monthly Playbook. If you would like to read the full monthly playbook and join the thousands of others you can sign up below.

Editors’ Note: This is an excerpt from our Monthly Playbook. If you would like to read the full monthly playbook and join the thousands of others you can sign up below.

The Fyllo Regulatory Database creates unparalleled visibility at every level of government with access to more than 800,000+ files and entries addressing regulations across the United States. Today’s leading MSOs, SSOs and law firms rely on Fyllo to accelerate research, track licensing opportunities and make better decisions. To learn more or schedule a demo, please visit hellofyllo.com.

Voters in both Maryland and Missouri have approved initiatives legalizing adult-use cannabis, following this year’s midterm elections. Adult-use sales could begin as soon as July 1, 2023, for Maryland citizens over the age of 21, and as soon as February 6, 2023, for Missourians. Missouri’s Marijuana Legalization Initiative calls for the automatic expungement of criminal records for low-level cannabis offenses, whereas Maryland legislation passed in the spring addresses the reduction of marijuana-related possession penalties and sentences.

Editors’ Note: This is an excerpt from our Monthly Playbook. If you would like to read the full monthly playbook and join the thousands of others you can sign up below.

The Fyllo Regulatory Database creates unparalleled visibility at every level of government with access to more than 800,000+ files and entries addressing regulations across the United States. Today’s leading MSOs, SSOs and law firms rely on Fyllo to accelerate research, track licensing opportunities and make better decisions. To learn more or schedule a demo, please visit hellofyllo.com.

The Humboldt County Board of Supervisors has suspended Measure S, eliminating the County’s tax on cultivation for two years. At the November 1st meeting, Supervisors voted (3-2) to suspend tax payments for the cultivation year 2022, billing them for 2023, and for the cultivation year 2023, billing them for 2024. Additionally, all outstanding payments are deferred until October 2023, with related penalties waived.

Increased concern over the high rate of tax delinquency, believed to be the result of over-taxation and overregulation of the cannabis industry, was influential in the decision to temporarily eliminate the tax, which was previously reduced by 85% in early 2022.

Editors’ Note: This is an excerpt from our Monthly Playbook. If you would like to read the full monthly playbook and join the thousands of others you can sign up below.