Marijuana Business News

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Fri
24
Sep

Crowdfunding And Cannabis – Be Cautious

Action by the USA’s Securities and Exchange Commission in connection to a couple of cannabis related crowdfunding schemes highlights the need for would-be investors to be cautious. Early this week, the SEC charged multiple parties over what it alleges was a fraudulent scheme to sell nearly $2 million of unregistered securities through two crowdfunding campaigns.

Fri
24
Sep

Is Michigan’s industrial hemp future in the automotive industry?

Michigan’s hemp industry could get up to $100 million in federal funds to help it compete globally under a proposal pushed by a nationwide growers association.

The state is one of four with emerging hemp industries targeted by the National Hemp Association (NHA) along with Oregon, New York and Florida. The funding would be for developing a “regional super site” in each state to aid in the industry’s growth, said Geoff Whaling, the association’s chair.

Hemp is a cannabis plant with a very low percentage of THC, the psychoactive element of marijuana. Developing the industry could benefit Michigan environmentally and economically, Whaling said. The plant has many uses, but the state’s auto industry is what makes it a target for development.

Fri
24
Sep

2 Cannabis Stocks You Can Buy and Hold for the Next Decade

marijuana leaf

When you're looking for stocks that you can buy and hold for many years, it's perfectly fine to be picky about the companies to add to your portfolio. Personally, I'm extremely choosy in selecting stocks, and I take as much time as I feel comfortable with to perform due diligence on a company before I take the plunge.

The marijuana industry has caught the attention of many investors in recent years as extensive legal reforms have created entirely new markets ripe for pot cultivators and retailers. Of course, this also creates extensive opportunities for investors who want to capitalize on all that this lucrative industry has to offer.

Fri
24
Sep

The Biggest Challenges The Cannabis Industry Will Face In 2021 And Beyond

marijuana leaf

No matter where you live in the United States, it’s safe to say that the cannabis industry has come a long way in the past couple of decades.

Back toward the beginning of the New Millennium, if I had told you that recreational cannabis would be legal in 18 states and that medical marijuana would be permitted in 37 states, you would have most likely laughed in my face and told me to take a hike. If you were a cop back then, you might have even had me arrested and charged with possession.

Fri
24
Sep

U.S. Cannabis Stocks Rise on Effort to Allow Bank Financing

people at a business meeting

U.S. cannabis stocks like Cresco Labs  (CRLBF) , Curaleaf  (CURLF) , Green Thumb Industries  (GTBIF) and Trulieve Cannabis  (TCNNF) - Get Trulieve Cannabis Corp. Report were rising Thursday following a Congressional vote on a cannabis banking measure.The SAFE Banking Act  was adopted by a voice vote in the U.S. House Thursday as a part of this year's defense budget bill.

While it still must be passed by the full House of Representatives to be added to the National Defense Authorization Act for Fiscal Year 2022, the approval allows for it to be included in the final measure. 

Thu
23
Sep

CBD of Denver Comments on Italy's Cannabis Referendum

graffiti of Denver

CBD of Denver, Inc. (OTC Pink: CBDD), a full-line CBD and hemp oil company and a producer and distributor of cannabis and CBD products in Switzerland and Europe, comments on Italy's cannabis decriminalization referendum, which received the required 500,000+ signatures well ahead of the September 30 deadline to be included in the country's 2022 vote.

"This is another important milestone in the ongoing legalization trend sweeping across Europe," commented Marcel Gamma, CEO of CBD of Denver. "Our Rockflowr business already works with several clients in Italy, and we are well positioned to capitalize on a favorable vote by Italy's citizenry in 2022."

Thu
23
Sep

2 Top Marijuana Stocks to Buy for the Long Haul

stock graphic trending up

The fast-growing marijuana industry is full of opportunities for long-term investors. From growers to retailers to ancillary providers, there's something for every type of investor, no matter their risk tolerance.

While some pot stocks have earned their status as premium buys for long-term investors' portfolios, others have generated significant hype without the businesses or balance sheet growth to support it. Today, we're going to look at two fantastic investments within the marijuana space. Both cannabis stocks have generated significant returns for shareholders and are on track to achieve incredible growth in the years ahead. Let's dive right in.

 

Wed
22
Sep

Stem Increases Footprint On West Coast With Acquisition Of Artifact Extracts And Two Cannabis Dispensaries

hand holding cannabis buds

Stem Holdings, Inc., the first multi-state, vertically integrated Farm-to-Home™ (F2H) cultivation and technology omnichannel cannabis company, announced today that it has acquired Artifact Extracts, a premier cannabis extraction company based in Oregon known for its award-winning concentrates, as well as two dispensaries. (As Originally Seen on Benzinga)

The transaction closed on September 17th. Stem issued 8,209,178 shares of common stock at a deemed aggregate value of US$ 2,925,000.

Wed
22
Sep

U.S. House Approves Bill to Ease Banking for Cannabis Companies

piggybank

The U.S. House of Representatives late Tuesday night approved a bill that would let banks to do business with cannabis companies without fear of penalty, giving traction to the least-disputed reform sought by the growing industry. 

The so-called SAFE Banking Act would be a boon for marijuana companies, which have so-far been stymied by the necessity to deal in cash because of federal restrictions. That has meant they have extra security costs and logistical problems, even as marijuana increasingly becomes legal. Some three dozen states now allow medical or recreational use, according to New Frontier Data, a cannabis research firm. 

Tue
21
Sep

Hemp Insulation manufacturing Plant to be Built in Jerome

Factory workers

A Wood River Valley based hemp insulation manufacture plans to build a production facility in Jerome County along the interstate beginning this fall. Southern Idaho Economic Development said Hempitecture Inc., based in Sun Valley, intends to build a plant at the Northbridge Junction near the Interstate 84 and U.S. Highway 93 junction; a groundbreaking ceremony is set for early October. This is one of the first major business announcements made since a bill was signed into law earlier this year allowing the production and transportation of industrial hemp in Idaho.

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