The Nielsen Company is an American organization, specializing in data collection and measurement. With half a billion dollars in annual revenue, they lead the industry of market research firms in the United States. Nielsen works to amass data in a broad range of industries, and subsequently predict consumer trends we can expect to see in each. Recently, researchers at Nielsen released their predictions of what can be expected in the cannabis industry this decade. We’ve studied their predictions and put together their top predictions of changes in the decade to come.
Updated on July 19th 2023
Increased Earnings in the Fourth Quarter
David Mukpo, COO of cannabis-industry brand tökr, predicts a thinning of the herd of marijuana-related brands – and a boost in fourth-quarter earnings among the top contenders of cannabis. “Through the early part of the year, some of the largest cannabis companies struggling will lead to marquee companies closing the door,” explains Mukpo. “As the field narrows, this will be offset by Q4 being the most optimistic time in Cannabis over the previous 24 months as the market factors begin to stabilize.”
Update (July 2023): Industry leader Aurora Cannabis reported a net revenue of $72.1 million in the fourth quarter of 2020 – a net profit reduction of approximately five percent compared to their third quarter.
If you pay attention to Cannabis news you’ve probably noticed all of the excitement surrounding Mitch McConnell and the passing of the 2018 Farm Bill. As of this writing, the bill has yet to be signed, but all media accounts suggest no opposition and expect President Trump to push the new legislation into action within days. Similar or accompanying legislation, however, was passed in Colorado just months ago with Amendment X – that redefined Hemp back to its federal definition. Prior to that Colorado voters had redefined the industrial product with Amendment 64 just a few years prior.
Updated on September 22nd 2023
UPDATE: The SpaceX mission described below was completed as scheduled in 2020. For up-to-date details, review this eoPortal summary.
Front Range Biosciences is a Colorado-based biotech company, striving to partner cutting-edge scientific research and development with the growth of in-demand crops like hemp and coffee. The company recently announced its plans to partner with Space Cells – a nearby tech startup – and the University of Colorado Boulder for an exciting new project. The three organizations will collaboratively launch more than 480 plant cell cultures into outer space. Using an incubator designed to maintain optimal growth conditions, these cultures will be loaded onto a SpaceX cargo flight, scheduled to launch in March of 2020. This mission will resupply essentials for astronauts presently docked at the International Space Station.
Hemp, marijuana and cannabidiol have similar roots and are often confused by members of the public who are still green to cannabis culture. The three substances differ in a few key ways. More specifically, CBD differs from marijuana in its composition. As smoke shop regulars may know, THC is the component of marijuana with the propensity for psychoactive effects. Contrastingly, CBD contains no greater than 0.3% THC. CBD reached the threshold of federal legalization last year – a major milestone for the up-and-coming substance. And perhaps no community has embraced the product more than our beloved community of Colorado.
Hemp: It’s Really Blowing Up These Days
Silk, engine fuel, cellophane and…dynamite! Surprisingly, all of these products can be derived from hemp, and arguably that’s just four examples of about 25,000 diverse commercial applications for the hemp plant. Frequenters of the blog (namely my mother) might be familiar with a 1936 article from Popular Mechanics that lauds the surprising prodigiousness of the hemp plant:
Hemp and humanity have cohabited for millennia. In fact, the earliest word for the plant comes to us from China, so far back in time that it predates written history. “Ma” is the oldest word for the hemp plant and, arguably, what infants have actually been attempting to demand from us all along.
The history of China is vast and steeped in legends and mythology. It represents the continuation of a culture so immune to outside influence that it stretches back beyond history to a time before paper or written records of any sort. Today, we’ll skip back before the time of head shops, smoke shops, and vaporizers to look at the invention of paper itself – discovered in the midst of this impressive culture’s beginnings and destined to define the nation’s advancement for centuries to come.
Updated on September 22nd 2023
The Sun Never Sets on the British Empire
For centuries, Great Britain dominated the planet with military superiority, building bases on every continent and joining those continents with international trade. Integral to this system was an advanced Navy, which boasted the cutting edge of technology in both design and structure.
We all know that the founding fathers were industrious and pragmatic men. Benjamin Franklin literally wrote the book on practicality – with his famous work “An American Life” still quoted to this day.
“Early to bed and early to rise makes a man healthy, wealthy and wise.”
It should therefore come as no surprise that some of our nation’s most honored founders were enamored with a plant that was equally practical, industrious and versatile – hemp.
Updated on September 22nd 2023
While THC is by far the most commonly known cannabinoid, it’s far from the only variety on the rise in our modern culture. Cannabidiol – more popularly known by the abbreviation CBD – has several distinct possibilities for high-quality extracts. It’s easy to confuse the most common cannabinoid extracts for one another – but each respective variety has beneficial qualities that separate it from the rest. 710 Pipes is here to help you differentiate between the top varieties, so you’re ready to navigate the available options with ease.
In 1941, auto industry pioneer Henry Ford proposed a bold new concept: personal automobiles that everyday Americans can afford. Nearly eighty years later, his company Ford Motors is the fifth most popular auto brand worldwide – if you don’t drive a Ford yourself, you know someone who does. Many fans of Ford’s brand aren’t aware that his original vision for the personalized American automobile incorporated hemp products as a primary structural component. While his well-known Model-T wasn’t made from hemp products alone, they were incorporated into much of the car’s prototype. Ford’s original vision glistened with promise of a sustainable future.
What are Terpenes?
Terpenes are a group of aromatic and rich essential oils. Terpenes are most commonly found in cannabinoids like THC, hemp and CBD, as well as many common fruits and plant varieties. Terpenes are incredibly common in the world today, and many studies have backed their propensity to support health and wellness in multiple different ways. This is largely because terpenes naturally enrich all of the foods and plants that they’re found in. While more than 200 varieties of terpenes are in existence today, some are much more prevalent, while others aren’t so common. Today’s smoke shop guide outlines nine of the most popular terpenes around, possible benefits that they offer, and the most common sources that they’re found in.
The year was 1938 and a new contraption had just been patented that would remove months of dry rotting required to separate fiber from the hemp plant. What had, for millennia, been a seasonal process to rot the fiber out of the hemp stalks, had now become an afternoon of labor; a development that had huge implications for a number of already prosperous industries, from paper production to fuel.
The last few decades have seen an impressive rise in the investigation of cannabis’s potential for medicinal value as well as it’s suspected potential for abuse. Given the thousands of years that cannabis has been in the human pharmacopoeia, however, it isn’t surprising that the debate about the plant’s influence has been of major interest to politicians before. The Indian Hemp Drugs Commission was set up by the British Empire over one hundred and twenty years ago to assess the then-popular concern about the herb’s proliferate use among all classes of Indian society, who’s ancient and wide-spread social incorporation of the plant seemed to pose a possible threat to the stability of British imperial rule.