Marijuana Business News

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business
Fri
16
Apr

Who wants to be marijuana millionaire? The celebrities cashing in on their legal weed businesses

In a natty mohair cardigan made by dapper Japanese brand Needles and 1970s-style specs, actor, screenwriter and director Seth Rogen is beaming gleefully into his camera phone. ‘This is my life’s work, and I’ve never been more excited about anything,’ he explains in a video shared with his nine million Twitter followers.

Fri
16
Apr

Difference Between A Marijuana Dispensary And A Liquor Store

What’s the difference between stepping inside a neighborhood weed store and retail outlets designed to cater to the alcohol consumer?

Back when cannabis advocates were first successfully moving to legalize marijuana for recreational use at the state level, one of the most popular phrases used to describe what that might look like is “in a manner similar to alcohol.” The gist of the pitch was that upon the legalization of marijuana, there would be a taxed and regulated market put into place — same as the alcohol trade — that would allow adults 21 and older to buy cannabis products close to the same way they might purchase beer at a liquor store.

Fri
16
Apr

Growers fret as Mexico moves to legalize marijuana

For the first time that María can remember, half of her marijuana harvest is still in storage on her ranch in Mexico’s Sinaloa state months after it should have been sold.

Sitting in her wooden house tucked into the same mountains that produced some of the world’s most notorious drug traffickers, including Joaquín “El Chapo” Guzmán, the 44-year-old mother of four thinks she knows why: expectations Mexico will soon legalize marijuana.

“It has never happened to us where we harvest and have it (stored) in sacks,” said María, who asked that her full name not be used and her exact location not be revealed because in the mountains surrounding Badiraguato, where organized crime controls everything, misspeaking can be dangerous.

Thu
15
Apr

3 Cannabis Stocks That Can Cash In on New York's Legal Pot Market

The big news in the cannabis industry this year is that New York has legalized marijuana for recreational use, making it the 15th state to do so. It likely won't be until sometime next year that recreational sales commence, but for investors, it's not too early to start thinking about which companies will capitalize on what's sure to be the next hot market for the industry. 

Thu
15
Apr

How to Cut Costs and Make Your Cannabis Extraction Operation More Efficient

For cannabis extraction companies, becoming more efficient and more productive goes hand in hand with expansion and scaling up. Marijuana extraction firms looking to cut costs and boost efficiencies can do so in several ways, including:

  • Adding automated solutions to extraction equipment.
  • Sourcing high-quality starting material.
  • Designing the facility to streamline the process and improve workflow.

Automation

Automating certain parts of the extraction process can dramatically reduce labor costs and increase throughput time.

Thu
15
Apr

Cannabis Sales Expected To Hit $370M In Days Leading Up To 420

According to a new report, sales will be higher among males than females, while customers between the age of 30 to 40-years-old will be the most interested in purchasing cannabis products.

Cannabis software firm Akerna Corp (NASDAQ:KERN) expects national cannabis retail sales to reach $95 million on 4/20, the unofficial marijuana holiday. That’s according to a new Flash Report out of the Denver-based company.

Thu
15
Apr

Cannabis Real Estate Boom In the Northeast

Real estate is one of the more difficult aspects of the cannabis industry. Securing a license is tough but getting your location is even tougher. Each state has different regulations and restrictions, which combined with unique real estate markets makes finding and securing property essential. It’s an expensive endeavor and one in which traditional mortgages aren’t typically an option. 

This presentation will focus on the New England and New York area cannabis real estate markets. It will cover the following states: Maine, Vermont, New Hampshire, Connecticut, Massachusetts, New York, New Jersey, and Pennsylvania. 

Thu
15
Apr

Ohio Extends Hemp License Application Deadline to May

The Ohio Department of Agriculture (ODA) has extended the licensure deadline for hemp farms from April 9 to May 28.

The department received multiple requests from hemp farmers over the last few weeks to extend the deadline. Many existing and prospective hemp farmers expressed that they are still experiencing delays in obtaining the necessary land and seeds to plant this spring, ODA told Hemp Grower in an email.

After considering farmers' concerns, the ODA decided to extend the deadline.

Wed
14
Apr

Considering Opportunities for the Upcoming Federal Taxation of Cannabis

The change in the presidential administration has focused cannabis businesses on the potential for legalization nationwide.

Running parallel to full federal legalization will be a corresponding regulatory and taxation scheme replacing the current regime of IRC §280E which prohibits anything but the cost of goods sold being deducted from a state licensed cannabis operation’s income statement. 

The evolution of the federal taxation of cannabis started with the Marijuana Tax Act of 1937, which applied tax to marijuana used for medicine.

Historians and critics alike maligned this legislation as an attempt to stop the use of cannabis rather than tax it.

Wed
14
Apr

Why is temperature control important to the cannabis industry?

Why is temperature control important to the cannabis industry?

When it comes to extraction, the name of the game is purity.

For the ultimate in cannabis product, short-path distillation is what the extraction industry turns to for the best possible results.

Distillation, chromatography, and re-distilling the product for purification can remove a lot of inactive compounds that serve no therapeutic purpose. 

It takes sophisticated, highly-calibrated components to allow companies to reach the level of purity that short-path distillation can obtain.

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