Marijuana Business News

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stocks
business
Thu
18
Feb

Without access to South Dakota banks, future marijuana businesses could only use cash

pile of money with marijuana leaf on top

A bill that would allow future marijuana shops and hemp businesses to use South Dakota banks will move forward to the House floor after a unanimous vote of approval by the House Commerce & Energy Committee.

House Bill 1203 lays proactive groundwork for banks and their subsidiaries to work with any person that acquires an industrial hemp or marijuana license, pending legalization at the state level.

Without a bill of this kind, those involved in the cannabis industries would only be able to carry out business transactions in cash, because marijuana is considered an illegal business at the federal level.

Thu
18
Feb

California’s Famous Humboldt County Bans Hemp Cultivation

an outdoor structure containing hemp plants

Humboldt County made quite a considerable name for itself in California, and across the U.S. for cannabis enthusiasts, as a mecca for growing and cultivating cannabis in the early days of medical legalization, and even before. Now, the county has made a bold move, permanently banning all outdoor cultivation of low-THC hemp. 

Thu
18
Feb

Marijuana delivery could be coming to NY

marijuana plant inside room with white sheets

Gov. Andrew Cuomo announced new pieces of legislation Tuesday that detail aspects of and add to the state’s proposal for adult-use recreational marijuana.

Three new amendments to the proposed recreational legalization would enable delivery services, adjust criminal charges related to black market sales, and detail how funds generated by new taxes are distributed, according to a media release from the governor’s office.

“Our comprehensive approach to legalizing and regulating the adult-use cannabis market provides the opportunity to generate much-needed revenue,” Cuomo said.

Thu
18
Feb

Climate Change Will Affect the Global Cannabis Industry

poster at protest that reads "one world" with an image of the earth

The emerging legal cannabis industry is going global, with a growing list of countries that have legalized cannabis for adult and/or medical use, and even more countries exploring a similar move.

At the same time, the world’s climate is changing, with extreme weather patterns picking up in frequency and severity all over the world.

Climate change is affecting virtually every aspect and sector of the agriculture industry, and that is likely to be the case for cannabis too as outdoor cultivation is permitted in more areas.

Thu
18
Feb

These States Have The Highest Cannabis Sales Taxes In America

pile of money with a cannabis bud on top

It can be argued that the high taxes are well-intentioned, signaling support for an inclusive cannabis market.

Due to ongoing federal prohibition, America’s cannabis regulations remain fragmented by state. Until reform occurs, states will continue to set their program frameworks, including how it taxes the supply chain, with consumers feeling the brunt directly by taxes or indirectly by retailers up-charging to offset costs.

Thu
18
Feb

Can Medical Cannabis Save The Barbados Economy?

money being exchanged between hands

Over a year after the passage of Barbados’ Medicinal Cannabis Industry Act, the Caribbean island nation officially opened for business last month, January 2021.

The launch of the sector in the midst of the COVID-19 pandemic comes at an ideal time. The local Barbados economy, as well as the wider regional Caribbean economy have long been dependent on tourism for its ‘bread and butter’.  As a result, they are being hammered, and facing an economic crisis of major proportion.

Barbados Economy

The national debt of Barbados is now around US $6.35 billion. The International Monetary Fund, (IMF) noted that the prolonged COVID-19 pandemic continues to have a major impact on Barbados’ economy.

Wed
17
Feb

Wall Street Disruptors Fuel Cannabis Investor Flameout

sky scrapers from below

There is so much promise for the cannabis industry, but so much zigging and zagging in search of sustainable profitability.

From the minute that Joe Biden took the oath of office, a new leader perceived to be a cannabis industry supporter, the cannabis industry has seemed ripe for an investor explosion. There has been money on the sidelines waiting for this sort of green light. Now it’s signaling “go.”

Wed
17
Feb

Barbados: Locals to Have a Stake in Cannabis Sector

money with marijuana on top

Officials are said to be considering ways of raising funds through the Barbados Stock Exchange (BSE) to help fund development and innovation in the burgeoning medicinal cannabis industry.

Word of this has come from Shantal Munro-Knight, Chief Executive Officer of the Barbados Medicinal Cannabis Licensing Authority (BMCLA), who said every effort was being made to ensure that locals have a major stake in the industry.

Munro-Knight opted not to say what mechanisms were being considered for raising funds through the BSE, but added that critical to the growth of the medical cannabis industry was the creation of strategic linkages and innovation.

Wed
17
Feb

How the Path to a National Cannabis Brand Will Unfold

marijuana plants growing in greenhouse

The cannabis space is red hot right now, with newly powerful Democratic leaders saying they plan to make reform legislation a key priority in the current Congress. Over the past year of the pandemic, the industry has seen massive gains as many states with “stay in place” mandates identified the category as an “essential service.” Nevertheless, we have yet to see a major national player emerge as a ubiquitous brand, either on the retail or product level. If you work or heavily consume in the space, you might have become familiar with some of the players—but there’s no Pepsi or Kleenex in the industry by any stretch of the imagination.

Wed
17
Feb

Why It's Not Too Late to Tap into the CBD Market

marijuana leaf with yellow background

CBD (cannabidiol) is one of the most controversial topics of the instant. The rising popularity of CBD involves the commencement of many research studies about the benefits of this substrate. The information obtained is not only proving the real positive effects of CBD on human health, but also affixes more properties to be investigated and tested. If during the last decade the CBD market was one of the demanded ones  today it is the most demanded due to constant increase of consumers and rising interest towards CBD.

Are We Late to Tap Into the Cbd Market?

Not really!

Here are some reasons why it is not late to tap into this market and make profit of its rising popularity.

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