Flower One is the largest cannabis cultivator, producer, and full-service brand fulfillment partner in the state of Nevada. They have more than 20 years of greenhouse operational excellence with best-in-class cannabis operators, Flower One offers consistent, reliable, and scalable fulfillment to a growing number of industry-leading cannabis brands. The company produces a wide range of products ranging from wholesale flower, full spectrum oil, and distillates to finished consumer packaged goods including flower, pre-rolls, concentrates, edibles, beverages, and topicals for the top-performing brands in cannabis.
Flower One has announced its brand partnership with California-born Kiva Confections (“Kiva”), bringing their industry-leading, premium cannabis confections to the Nevada market. Kiva’s presence in Nevada will redefine consumers’ expectations of cannabis confections as they are in the market for 9 years and known for their precise, discreet, and delicious edibles.
Kiva currently occupies 5 of the top 10 selling edibles products in the state of California, and with their first launch Kiva’s Camino Gummies is introducing custom combinations of THC, CBD, and a range of carefully curated terpenes, Camino provides the most tailored cannabis experience on the market. Camino Gummies will be available in the Wild Berry (“Chill”), Sparkling Pear (“Social”), Pineapple Habanero (“Uplifting”), Wild Cherry (“Excite”), and Watermelon Lemonade (“Bliss”) flavours.
The Chief Strategy Officer at Flower One, Kellen O’Keefe is thrilled to announce the addition of Kiva Confections as their brand partners. He stated, “Kiva’s built an industry-leading, premium brand focused on quality and consistency. Their delicious, low-dose options and unique formulations will make excellent additions to Nevada’s growing variety of exceptional cannabis products.”
Kiva has become the most recognized edible brand in cannabis and the leading edible company in California after being launched in 2010. In addition to California and Nevada, Kiva products can be found in Arizona, Illinois, Michigan and Hawaii. Kiva’s product portfolio also includes its award-winning Kiva Bars, Petra Mints, Terra Bites, and Singles, all of which are scheduled to launch in Nevada retailers in 2020.
CoFounder and CEO at Kiva Confections, Scott Palmer also finds it reassuring that they are partnering up with Flower One. More people will have access to their delicious, trustworthy, award winning edibles. He also added, “With Flower One’s production and cultivation expertise, we are confident that this partnership will allow us to build on the business reputation and loyal following we have established in California – one of the most competitive and evolved cannabis markets in the world.”
Investigation on illegal supply of Cannabis, $2.5m worth of assets seized
Properties, cash, and bank accounts worth more than $2.5 million have been seized by the police after a wave of raids in Christchurch following an investigation on illegal cannabis.
Five people were arrested on Wednesday as police searched nine properties during the cannabis bust in Christchurch. Police also restrained 200 cannabis plants, jet skis, a military-style semi-automatic rifle, vehicles, and both residential and commercial properties.
In a statement, police said that the search warrants were issued by Canterbury Police’s organised crime and asset recovery units as a result of an investigation being made into money laundering and supply of cannabis.
As a result, police were able to arrest five people, all of which were involved in either drug supply and cultivation, unlawful possession of firearms, or money laundering.
As reported by stuff, The arrests included a 48-year-old man charged with cultivating and selling cannabis, and importing a Class A controlled drug. He is scheduled to appear in front of Christchurch District Court on Wednesday afternoon.
Among the rest of the arrests there were three men and one woman. They’re to appear in front of the court next Tuesday.
The male arrests include – a 28-year-old charged with cultivating cannabis, unlawful possession of a firearm, and selling cannabis, a 23-year-old charged with possession of cannabis for supply and cultivating cannabis, a 29-year-old charged with cultivating cannabis, selling cannabis, supplying equipment to cultivate cannabis, and money laundering.
The female arrested is a 46-year-old charged with money laundering and supplying equipment to cultivate cannabis.
Police encourage anyone with any information regarding possession, sale, or supply of illegal substances to contact them on 105 or anonymously call crimestoppers on 0800 555 111.
Coronavirus – Cannabis Legalization in 2020
Entering 2020, strategy makers in 8 states have shown support for controlled medicinal and recreational cannabis sales. Advocacy groups in 9 states had ongoing works for the inclusion of legalization on ballots in November. Cannabis is already legalized in 33 states for medical use, and 11 states for recreational use and medical use both. Furthermore, more members of Congress, with the inclusion of those who earlier argued legalization, are now in second of cannabis policy. Consequently, all of this le to the state legalization agendas moving forward.
However, although 2020 was to be a banner year for the cannabis industry, the pandemic has slowed down the efforts. Nevertheless, during the pandemic, licensed and controlled cannabis businesses were shown as “essential businesses“, despite the delay of state legislative activity by 2021 or later.
The pandemic has caused reprioritization and shortening of several states’ legislative gatherings. This is done by excluding time to hammer out the essential aspects of cannabis legalization laws. The laws include the establishment of a strong tax formation and the agreement for the reduction in the illegal market. Currently, at least 5 state legislatures that acknowledged the legalization of cannabis in 2020, including New York, have shown uncertainties regarding the implementation of it this year.
Advocacy groups in Arkansas, North Dakota, Missouri, Oklahoma, Idaho, and Nebraska, discontinued their attempts to collect ballot signatures due to the social distancing measures. A country district judge in Montana ruled against the practice of e-signatures to replace in-person signing.
Furthermore, cannabis legalization measures are usually focused upon on ballots during presidential election years, when the voter assembly is higher. Hence, legalization with the help of vote efforts can likely be postponed to 2024.
The effects of the pandemic have both, advantages and disadvantages, for the cannabis industry. Some cannabis businesses have cut jobs, sold operations, and are unable to operate due to the restrictions by the social distancing measures. These businesses are qualified for federal stimulus funds. On the other hand, other cannabis businesses have continued hiring of new employees, across 6 states, ever since the pandemic began.
In March, weekly trades hit $134 million in California, Washington, Nevada, and Colorado. This was a 17% rise from the weekly aggregate in 2019. Metrc‘s track-and-trace data recorded an approximately 75% rise in operation bandwidth usage following October 2019.
Despite the struggles due to the pandemic, cannabis businesses yet have the economic potential for states aiming for an improvement in revenues and news to fill resource shortfalls, that are expected to reach $350 billion in 2021. Cannabis tax revenue would not meet all damages, but would still aid states for the building of revenue in future years. Examples would be Colorado and California. Colorado collected over $1.2 billion in licensed cannabis revenue since 2014. Meanwhile, California generated $635 million in state and territorial tax revenues in 2019.
However, caution and patience are still recommended for states. The cannabis industry has worked in law enforcement for 20 years. The Director of Colorado’s Cannabis Enforcement Division during legalization has said that they acknowledge that new bill and command are to be taken seriously, irrespective of the economic condition of the state. Furthermore, it is essential to create an entirely new and controlled industry. This should involve agriculture, production, retail, the environment, common health, and cultural justice. However, this will all take ample time, strategic planning, and sufficient resources.
States are ready to enter in a strong, licensed cannabis market. However, patience is a virtue that will be much needed in order to focus on the accuracy of the details. State lawmakers, governors, cannabis businesses, and common interest groups, will need to take the support of this unprecedented break that the pandemic has caused, and outline these details in collaboration.
New Mexico – Governor in Favor of Legalization of Recreational Cannabis
Last week, the governor of New Mexico said that every opportunity for economic relief is necessary to be examined by the state. This included the legalization of cannabis.
Furthermore, on Wednesday, a two-hour live stream was conducted to update the citizens on the current coronavirus response struggles by the state. A reporter asked Gov. Michelle Lujan Grisham (D) as to whether she was in support of the legislature passing the legalization of recreational cannabis during a future special session.
The session would be aimed at the increase in tax revenue to balance the financial difficulties caused by COVID-19.
The governor joked saying to end it on a high note. She further added that the delays of several capital schemes wouldn’t likely have happened if the lawmakers had focused on the legalization. She was referencing this year’s annual session where she unsuccessfully recommended the lawmakers to legalize recreational cannabis.
She continued that the predictions are approximately $1oo million of recurring revenue into the resources from the legalization of cannabis. She said that if we are looking for economic support and economic aid, it is essential to explore every economic approach. She further explained how a significant majority o the New Mexicans are in favor of the legalization of recreational cannabis.
The governor’s remarks over cannabis are available in the video here, starting from 02:18;10.
The governor explained that there is still an opportunity. She continued to stress the fact that it is essential for policymakers to think clearly and expect the governor to support the legalization of recreational cannabis in the state, in the next election. She continued that there is a need to increase diversity in the economy along with an increase in opportunities for the recurring revenue.
The governor also stressed that it is essential to rebuild the economy after the dramatic damage caused by the public health emergency.
Last month, the governor made an alike debate. However, the governor also recognized the calculation of the $100 million revenue, which was issued last year by a functioning group that the governor created to examine the effect of legalization in 2019, would possibly have been impacted greatly by the pandemic. It is also essential to recognize that the $100 million figure is still an estimation of the combination of the tax revenue from the current medicinal cannabis industry and the additional tax revenue from the recreational cannabis sales. And all of this is after the recreational cannabis industry matures.
Additionally, a Senate panel declared a legalization bill earlier this year. On the other hand, it was declared only to be denied in another bill, right before the closing of the brief 30-day session. The session also specified that sales would have commenced on July 1. This would essentially imply that the state would be potentially unable for the successful compilation of the much-needed revenue in the middle of the health crisis unless any emergency action was taken.
The legalization of recreational cannabis did not go as intended during the annual legislative assembly of New Mexico. However, the governor reportedly said in February that she has no issue in allowing the voters to potentially decide on the shift in policy via a ballot referendum.
When the governor was questioned about whether the legalization of recreational cannabis should be continued during the particular session in June or not, Gov. Michelle Lujan Grisham chose not to respond to that question immediately. Meanwhile, a spokesperson for the governor’s office had reportedly said that it is highly unlikely that reform move regarding the legalization of recreational cannabis would occur during the window of the particular session in June.
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