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Insider Cannabis Newsletter: June 17

Insider Cannabis Newsletter: June 17
businessinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com Daily Mail and Mail on Sunday newspapers.

The Emergence Of Cannabis As Luxury

By Sebastien Centner, Co-Founder of Hervé, a luxury French-inspired edibles company There was once a time when cannabis was banned from polite conversations and avoided by mainstream media. Fast forward to today and cannabis seems to be all anyone is talking about. Nearly one in three Americans now live in a state where cannabis is legal for recreational use. The pandemic has advanced the dissolution of old stigmas with many states legitimizing cannabis use both as a true therapy for patients and as a revenue builder for depleted coffers.  The evolving cannabis landscape is joined by shifts in consumer demographics, demands and purchasing behavior. Cannabis consumers are spending roughly 25-30% more per purchase today than they did prior to the COVID-19 pandemic, opening doors to introduce higher-priced, premium products. Women, who generally desire such products and control trillions in spending power, are the fastest-growing demographic of cannabis consumers. Alcohol is being

Cannabis-Infused Desserts Maker Hervé Raises $3M, Looks At New Markets

On Tuesday, Hervé, a maker of luxury, French-inspired, cannabis-infused desserts, announced the close of its oversubscribed.

Cannabis Movers & Shakers: Kiaro Holdings, Team Hytiva, Hervé Edibles

Cannabis retailer and distributor Davis is a seasoned expert with experience in the financial and fintech industries. He co-founded Optimize Consulting Inc. in 2019. Daniel Petrov, the company s chairman, praised Davis extensive business and financial experience, particularly in mergers and acquisitions and business integration. He will be an excellent addition to our Board, and we look forward to his contributions, Petrov disclosed Thursday. Team Hytiva Backs Up UFC Hall of Famer Diego Nightmare Sanchez Ahead Of His Final Battle Team Hytiva opted to sponsor the training camp of American professional mixed martial artist Diego Nightmare Sanchez, ahead of his final appearance in the UFC Octagon.

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