Marijuana Business News

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Fri
20
Nov

Introducing the Southeast Hemp Association

hemp fields

 

 

Former North Carolina Industrial Hemp Association Expands into Multiple States

RALEIGH, N.C., Nov. 20, 2020 /PRNewswire/ -- Focusing on the growth of collaborative opportunities across the Southeast region's hemp industry, the former North Carolina Industrial Hemp Association has transitioned into the Southeast Hemp Association (SEHA). With 650 current members from seven different states, the SEHA will work to build the supply chain across the bioregion for the industry and promote best practices and standards for all facets of hemp, from plant to process to product.

Fri
20
Nov

Best States for Medical Marijuana Dispensaries

us flag in a marijuana leaf

 

California

California is the largest and most populous state where marijuana has been legalized for recreational use, and it is the state with the longest-lived medical marijuana program. Both recreational and medicinal dispensaries have generated several billions of dollars in sales, despite fighting a booming black market. Because taxes for recreational weed are exorbitant and driving many adult recreational users away, entrepreneurs in this state should seriously consider starting with a medicinal shop, which is subject to lower fees and taxes. Even better, there are many counties and municipalities that have banned recreational marijuana businesses but permit medical marijuana use, so entrepreneurs in this space have greater access to less saturated markets.

Fri
20
Nov

New York Might Be Late To Legalization, But It Can Still Lead

 

If New York wants to try to retain its national reputation as a progressive leader, it should pass a law centered around promoting social justice.

Although New York led the country on cannabis decriminalization in the 1970s and the repeal of alcohol prohibition in the 1930s, the Empire State has been embarrassingly slow to fully legalize cannabis this century. This is despite having overwhelming public support, a thriving illicit market, and a large cannabis delivery infrastructure already built. Now, with New Jersey voters amending the state constitution to legalize recreational cannabis, neighboring states like New York and Pennsylvania will have no choice but to look closely at regulation themselves if they want to avoid falling behind.  

Fri
20
Nov

Is Aphria the Top Canadian Cannabis Stock?

man looking thoughfully at digital charts

 

As many cannabis companies have struggled this year, there appears to be one company that is rising above the pack, Aphria (APHA). This Canadian cannabis producer has a solid history of profitability, but is it the top cannabis stock to buy right now? Read more to find out.

Cannabis stocks have had their fair share of ups and downs over the past few years. Many promising cannabis companies made high-priced acquisitions which came back to haunt them, while others were faced with management issues and short-seller attacks, which caused their stocks to dramatically sell-off.

Thu
19
Nov

Making A List Of Marijuana Stocks To Watch? 2 Cannabis Stocks For 2021

Man cheering at a computer screen

 

Cannabis Stock Investments

Thu
19
Nov

Court dismisses cities’ lawsuit challenging cannabis deliveries in California

Woman smelling a cannabis joint at a store

 

In a win for California’s struggling cannabis industry, a Fresno judge has dismissed a lawsuit by 24 cities seeking to invalidate state regulations allowing delivery of cannabis to homes in communities that have outlawed sales in shops.

Fresno County Superior Court Judge Rosemary McGuire said in a ruling made public Wednesday that she agreed with attorneys for the state Bureau of Cannabis Control that the state regulation does not prevent cities from enforcing local ordinances restricting home delivery.

“On the basis of that conclusion, the court finds that this matter is not ripe for adjudication, and dismisses the action as to all plaintiffs,” McGuire wrote in the ruling signed on Tuesday.

Wed
18
Nov

Central Mass. greener as state cannabis sales hit $1B

Recreational marijuana shops in the state have surpassed $1 billion in gross sales, the state Cannabis Control Commission announced earlier this month, just under two years from the first sales.

In other words, people sure like their pot. 

“This sales milestone represents licensees’ ability to successfully support a safe, accessible and effective adult-use industry, and I am pleased the resulting tax benefits will have a significant impact on communities throughout the Commonwealth,” Commission Chairman Steven J. Hoffman said in a statement. 

Indeed, that revenue is welcomed.

Wed
18
Nov

Al Harrington: From the Court to the Cannabusiness

In over 16 years in the NBA, Al Harrington played in more than 1,000 total games, made an appearance in 55 playoff matches, and scored over 13,000 points.

However, just by speaking to him, you’d be convinced that he wants to be known more for his success as a cannabis entrepreneur than his time on the court.

In 2011, while the former first round pick was still playing for the Denver Nuggets, Harrington launched Viola Brands, a cannabis company with a focus on social equity, named after his grandmother.

The move showed tremendous foresight by the former player, especially considering the widespread cannabis boom the city would see just a few years later.

Wed
18
Nov

The Ongoing Cannabis Drink Boom & Its Crossover With Top Beverage Corporations

Ever since the CBD and cannabis industries have skyrocketed in attention, popularity, and revenue, large beverage companies are enticed to get involved. 

Not only is the cannabidiol (CBD) industry projected to reach at least $22 billion by 2022, at least according to some analysts, but the CBD market is also one of the fastest growing market segments within the cannabis industry as a whole.

Wed
18
Nov

COVID Spurs New Safety Measures For Dispensaries

While cannabis businesses continue to run and even thrive in the age of coronavirus, employers need to be aware of and prepare for new federal, state and local laws and regulations that provide the rules of the road for employees returning to work.

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