Highlights • Net sales were $1.7 billion, which was 3 percent lower than prior year third quarter, largely due to the adverse impact of the stronger U.S. dollar. • Shipments declined compared with prior year, primarily due to the transfer of production to our joint venture with Constellation Brands and the impact of the poor 2017 grape harvest in Europe. These headwinds were partially offset by price gains, which were reported in all segments. • Earnings from continuing operations before income taxes were $168 million for the third quarter compared with $172 million for the same period in 2017. • Segment operating profit of reportable segmentsP for the third quarter of 2018 was $255 million, $5 million lower than prior year period. Excluding the $9 million adverse impact from foreign currency, segment operating profit was up 2 percent. Click read more below for additional detail.
A new set of resources released by the California Department of Public Health (CDPH) offers a checklist with the Dos and Don’ts of cannabis packaging in the state, along with labeling instructions.
- Package manufactured cannabis products prior to transfer to a distributor as a finished product. Cannabis flower may be packaged by a cultivator, manufacturer or distributor.
- If a product has multiple layers of packaging, the packaging requirements can be fulfilled using any one of those layers.
- Cannot imitate packaging used for non-cannabis food products or products typically marketed to children.
The four main criteria for a package to meet are tamper evidence, child-resistance, resealability (for products with multiple uses) and opaque packaging for edibles.
Only edibles must be packaged in “lifetime” child-resistant packaging (child-resistant after opening and reclosing), while other forms of products must be initially child-resistant, upon first opening.
Additionally, a labeling checklist specifies what info can and cannot be included. The product’s county of origin can not appear anywhere on the label unless 100% of the cannabis in the product was grown there. Labels are also forbidden from making unproven health claims.