Marijuana Business News

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Wed
16
Dec

Are These The Best Pot Stocks For 2021? 2 Cannabis Stocks With Long Term Potential

stocks and figures blurred together

The U.S. Cannabis Industry In 2020 And Its Future Potential In 2021

Although 2020 has been a year filled with stock market volatility and economic struggle marijuana stocks have pulled through for investors.  As Monday’s trading comes to a close cannabis stocks continue to produce gains in the market in December. So, the question for investors now is should you buy pot stocks now or wait until 2021? Currently, most cannabis companies like Curlaleaf Holdings Inc. (CURLF Stock Report) are reaching their high of the year in December.

Wed
16
Dec

California On Track To Collect $1 Billion In Cannabis Taxes

stack of money with cannabis buds

California’s booming cannabis industry has been around much longer than many in the United States, and now, the state is on pace to collect as much as $1 billion in taxes from sales made in 2020, a record landmark for the local industry. 

Wed
16
Dec

4 Smart Ways CBD Brands Can Gain Consumer Trust

collection of cbd bottles and products

There are serious trust issues within the CBD space. Between a lack of regulation and the lack of transparency, consumers are rightfully cautious about making purchasing decisions.

Here are four things CBD brands should be doing to build consumer trust:

1. Go organic

The U.S. Department of Agriculture’s organic certification program is a rigorous multi-step audit process to increase supply chain sustainability. Organic certification is a form of elective, self-regulation for manufacturers that consumers have eagerly welcomed.

Wed
16
Dec

Top 5 Ways to Streamline Your Grow Operation

Whether you are an experienced home grower, a longtime outdoor farmer, or just starting with a small plant in your closet, cannabis farming is a nuanced operation. If done wrong, you’ll be left with a crop that is dry...but not high. Here are some tips to save you time, money, and a headache when dealing with a cannabis grow of any size.

Start With Choosing the Best Soil for Cannabis

Tue
15
Dec

Marijuana sales continue to bring in big bucks for Nevada

money bill almost hidden by marijuana buds

From January to the end of September, Nevada's cannabis dispensaries made more than $588 million in sales.

That's according to a new report by the Nevada Dispensary Association. The industry group that represents cannabis sellers in Nevada said over last year, they have recorded a 14% increase in sales. In September alone, Nevada dispensaries reported $82.6 million in sales — a 43% increase over the same month last year.

September is the latest month that data is available.

Nevada voters legalized recreational marijuana in 2016. The state puts a 15% excise tax on wholesale sales, then a 10% tax on recreational sales to consumers. According to Nevada's Department of Taxation, the state took in nearly $37 million from July through September.

Tue
15
Dec

Jay-Z Debuts His New Weed Brand Mongram

jay z exiting a building

MONOGRAM, Jay-Z's much-hyped weed brand, finally makes its debut after a buzzy introduction back in October. 

Back in October, not much was known about the brand, other than it was the brainchild of Jay-Z and Caliva, one of the largest cannabis brands in California, and that it had a mysterious, vibey website with Fela Kuti, Bob Marley and the Wailers, and OutKast snippets playing as "Sounds from the Grow Room." 

Today, MONOGRAM announced that after 18 months selecting and cultivating strains, “MONOGRAM is finally ready to introduce its core collection of products to the world,” according to a press release. 

Tue
15
Dec

What new Arizona marijuana law means for employers

woman smoking a cannabis joint

Recreational marijuana is now legal in Arizona after voters approved Proposition 207, and that will pose some new challenges for employers, said Julie Pace, a Phoenix attorney who specializes in employment and cannabis law.

There also is confusion about what the implications are for both employers and employees, said Pace, an attorney with Gammage & Burnham, who spoke with Chamber Business News about what business owners need to know in moving forward.

Tue
15
Dec

5 Top Marijuana Stocks To Watch This Month

marijuana stocks going up

Top Cannabis Gainers: 5 Marijuana Stocks You Should Know

Tue
15
Dec

Thailand gears up for marijuana tour

marijuana leaves

The Tourism and Sports and Public Health ministries in Thailand are ready to launch the first medical marijuana tour in Southeast Asia next year as they finalised a draft programme for plantations across Thailand.

The goal of the tour is to increase awareness of marijuana for medical purposes and inform those who are interested in growing the plant of the laws, said Phiphat Ratchakitprakarn, the tourism and sports minister. Eight provinces have plantations that could be part of the tour, comprising Mae Hong Son, Lampang, Samut Songkhram, Sakon Nakhon, Nakhon Ratchasima, Buri Ram, Phatthalung and Chon Buri.

Tue
15
Dec

U.S. Legal Cannabis Market Could Be $41 Billion by 2025

close up of a marijuana plant

Annual legal medical and recreational sales are estimated to grow at a compound annual growth rate (CAGR) of 21%, hitting more than $41 billion by 2025, compared to $13.2 billion in 2019;

That's according to recent data compiled by cannabis-oriented analytics company, New Frontier Data. The firm revealed the findings in its latest update to the U.S. Cannabis Report: 2020-2021 Industry Outlook.

The revision tackles scaled market estimations directly after the passing of six cannabis ballot initiatives, plus a study of cannabis consumer habits influenced by the COVID-19 pandemic.

Among some of the other important findings are the following:

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