Marijuana Business News

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Fri
27
Nov

Marijuana shops raising funds to fight hunger in Kalamazoo

herbology business sign

(image: The Herbology sign outside of their new store in Kalamazoo, Michigan which opened on Thursday, Jan. 30, 2020. (Kendall Warner | Mlive.com) Kendall Warner | MLive.com)

KALAMAZOO, MI -- A chain of Kalamazoo-area cannabis shops are taking donations to help fight hunger in the community.

Herbology stores in Michigan, including its locations in Kalamazoo, Battle Creek and Bangor, are participating in “Feed the Block” a fundraising initiative to combat hunger issues in the community, according to a news release from Herbology.

The Kalamazoo-area dispensaries are partnering with Loaves and Fishes in Kalamazoo in the fight against hunger.

Fri
27
Nov

Here's The Cannabis Packaging We All Deserve

(image: Cresco Labs)

As the industry standards continue to be defined, this is the packaging every weed company should focus on.

It may come as a shock to you, but most people don't know much about cannabis. A Science Daily study about THC levels in edibles found that most consumers aged 16—30 could not identify if an edible had low or high THC levels based on the label. Add to that the fact that roughly 30% of Americans consume cannabis, which leaves a sizable audience who can benefit from cannabis if they knew more about it. 

Fri
27
Nov

GrowGeneration Emerges as Best Cannabis Stock of 2020

(image: Inside a GrowGeneration hydroponic garden center. Source: GrowGeneration)

GrowGeneration Corp., the largest hydroponic garden-center chain in North America, is on a tear worthy of its name.

The gardening supply company has gained over 700% so far this year, making it the best-performing cannabis stock of 2020 amid a sector-wide rally on hopes the U.S. is poised for federal legalization after the election.

Investors are drawn to the $1.6 billion retailer, which sells equipment used to grow pot, as it’s one of the few U.S.-based cannabis plays listed on the Nasdaq. It’s also free of the legal risks that growers pose as it doesn’t actually sell the plant itself.

Fri
27
Nov

Aurora Cannabis (TSX:ACB) Signs Largest Marijuana Supply Deal in Israel

Marijuana firm Aurora Cannabis (TSX:ACB)(NYSE:ACB) has entered into one of the biggest medical cannabis supply deals by a Canadian pot grower with an Israeli firm to-date. This comes after the Canadian marijuana firm announced its two-year supply agreement with Cantek, a leading cannabis market player in Israel.

Aurora Cannabis said it “intends” to supply a “minimum of 4,000 kilograms of bulk dried cannabis flower” per annum to Cantek in a two-year deal that could be extended. The volume involved could make the ACB deal one of the largest export deals to Israel by a Canadian firm to-date.

Thu
26
Nov

Georgia medical marijuana commission looking for growers, manufacturers

Bottle of cannabis with medical prescription

The state panel in charge of Georgia’s medical marijuana program is opening the search for businesses interested in growing the leaf crop and converting it into cannabis oil.

The Georgia Access to Medical Cannabis Commission voted Monday to release a Request for Proposals (RFP) that will lead to the granting of two “Class 1” licenses and four “Class 2″ licenses to grow marijuana indoors and manufacture the oil derived from the plants.

The RFP is based on input from the state attorney general’s office and the Georgia Department of Administrative Services (DOAS).

Thu
26
Nov

The Path To Organic For The Marijuana Industry

Two people handling cannabis joint
Organic standards can be established, whether or not cannabis is legal at the federal level.
 
Those standards won’t be federally regulated, but they can exist separately from legalization.
 
Thu
26
Nov

Mexico’s Cannabis Legalization Bill Will Boost Business, But There Are Concerns

Mexican Flag above a courtyard

If passed, the measure will improve Mexico’s living conditions while reducing drug trafficking crime. However, cannabis advocates and legal experts have several concerns.

Mexican Senators approved a historic adult use cannabis legalization bill on Nov. 19, with an 82 to 18 vote.

This doesn’t legalize adult use just yet, but Mexico appears well on its way to becoming the third nation to do so and potentially the largest legal marijuana market in the world.

Thu
26
Nov

Arkansas anticipates medical marijuana sales to reach 30K pounds by late December

Marijuana buds

Since the first medical marijuana dispensary opened in Arkansas in May 2019, overall sales have surpassed 28,000 pounds. 

In total, Arkansans have spent $187 million to obtain 28,674 pounds of medical marijuana.

Scott Hardin with the Arkansas Medical Marijuana Commission anticipates sales will reach 30,000 pounds by late December.

There are currently 31 dispensaries in operation with six remaining that are working toward opening. 

The six include a new dispensary in Little Rock, Fayetteville, Osceola and Hardy along with two dispensaries in Pine Bluff.

TOTAL MEDICAL MARIJUANA SALES THROUGH NOVEMBER 24, 2020

Thu
26
Nov

Malawi ready to produce cannabis for industrial and medicinal use

woman working with cannabis leaves

Malawi is ready to start commercial production and processing of cannabis for medicinal and industrial use, the southern African country’s new Cannabis Regulatory Authority said on Tuesday.

Malawi’s parliament passed a bill in February that makes it legal to cultivate and process cannabis for medicines and hemp fibre used in industry, but stops short of decriminalising recreational use.

A growing number of countries around the world are either legalising or relaxing laws on cannabis as attitudes towards the drug change. They include several in southern Africa, including Zambia, Lesotho and Zimbabwe.

Thu
26
Nov

Marijuana Retailers Ready To Sue Over Delivery Rules

Woman taking box

Commissioners seem ready to close out a bumpy policy-setting process next week with a vote to adopt new regulations that would reshape the legal marijuana industry to include a home delivery aspect, but that decision could give way to a legal challenge in short order.

Through an attorney, some existing marijuana retailers recently threatened to sue the Cannabis Control Commission if it votes to adopt its latest set of industry rules on Monday, as is expected. Though the new regulations affect the entire marijuana industry, the provisions that would allow a new class of licensees to deliver marijuana to customers at home have drawn the most controversy.

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