Marijuana Business News

Synonyms: 
stocks
business
Mon
22
Mar

Why You Should Invest in Pot Stocks in 2021

The year 2020 was a good one for cannabis stocks, and 2021 is looking even better. Many investors find it hard to go all in on U.S. cannabis stocks, given that a lack of federal legalization keeps them from trading on the major exchanges. But these over-the-counter stocks have more room to grow as the cannabis industry is rapidly evolving.

Cannabis is still a nascent industry, but it's expanding fast. Buying and holding the right marijuana stocks for the long haul will help you capture that growth for your own portfolio. And there are some U.S. cannabis companies -- those with staggering revenue growth, rising and consistent profitability, and strong balance sheets -- that could bring exceptional profit.

Mon
22
Mar

Mexico seeks to blunt power of cartels with marijuana legalization

The cultivation, sale and consumption of cannabis is legal worldwide only in a few places such as Canada, Uruguay and a handful of American states.

Mexico, an important player in the global marijuana black market, could soon be added to the list. Last week, the lower house of Congress approved draft legislation to that effect and it's likely that the upper house too will sign off on it. In November last year, the upper house already passed the bill but it had to go through yet another vote following a few modifications.

Mon
22
Mar

Hemp enters its second season in Wyoming

Wyoming will be entering its second season in which the state is issuing licenses to hemp producers and processors. 

The crop is still highly regulated and remains in a niche market. That means there aren’t a lot of farmers trying it, and those that are endure a lot of trial and error. 

Mother’s Hemp Farms owner Dave Tenhulzen said he planted 144 acres of hemp at two sites last year: one near Deaver and another just outside of Powell. The approximately 30 acres that were harvested near Powell produced about 90 tons of raw hemp.

Mon
22
Mar

Why New York Legalizing Recreational Cannabis Won’t Kill The Illicit Market

The city that never sleeps has always had a strong illicit cannabis market and adult-use legalization is unlikely to stub it out anytime soon.

Fri
19
Mar

Cannabis entrepreneurs gear up for legalization

On any given day, more than a million dollars worth of cannabis products are on the move at the Nabis warehouse in Oakland, California.

Products like cannabis-infused chocolate bars and berry-flavored vape cartridges sit on the shelves, waiting for pick-up and shipping to dispensaries across the state. This movement of goods – facilitated by the Nabis’s own e-commerce platform developed for its wholesale business-to-business model – is being fueled by a surge in cannabis use during the COVID-19 pandemic.

Vince Ning, co-founder and CEO of Nabis said BEFORE the pandemic the company shipped about half of what it ships now.

Fri
19
Mar

DEA Calls Out Hemp in Latest ‘Drug Threat Assessment’ Report

In its annual National Drug Threat Assessment report, the U.S. Drug Enforcement Administration (DEA) calls out hemp production as a way for drug trafficking organizations to cover up illicit cannabis operations.

In its report, the DEA says a “significant number of hemp businesses and grow operations” are owned and operated by people illegally producing and trafficking cannabis. The agency claims this problem is especially prominent where marijuana production is legal.

Fri
19
Mar

Missouri starts revoking marijuana business permits at companies that didn't meet operating deadline

Missouri health authorities recently began revoking a handful of medical marijuana business permits after most of the state's would-be cannabis companies weren't ready to open for business roughly a year after winning the licenses, which would allow them to grow and sell the plant for lawful patients provided they met their "commencement" deadlines.

Fri
19
Mar

Is It Bad For Big Alcohol And Big Tobacco To Help Shape Marijuana Legalization?

It might not take long before the deep pockets of Big Alcohol and Big Tobacco all of a sudden start swaying political opinion.

Marijuana advocates have done their best to keep the industry as pure and untainted by corporate crooks as possible. But like it or not, Big Alcohol and Big Tobacco have infiltrated the scene and are working with federal lawmakers to help shape policy geared toward nationwide marijuana legalization.

Seriously, several heavy hitters from the alcohol and tobacco trade recently launched a federal lobbying group to press the flesh of pot-friendly politicians on Capitol Hill and get marijuana laws passed in their favor. In other words, marijuana has been hijacked.

Fri
19
Mar

Michigan Cracks Down on Cannabis Banking Through Credit Unions

A Michigan credit union just got penalized for working with cannabis businesses, despite the fact that this is a gray area for financial institutions. 

This is notable because it is thought to be the first time US regulators have publicly called out a financial institution for compliance issues connected to the cannabis industry.

Fri
19
Mar

House Reintroduces SAFE Banking Act to Protect and Advance Legal Cannabis

The US House just reintroduced the Secure and Fair Enforcement (SAFE) Banking Act, an act that if passed, would help the cannabis industry have access to financial services.

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