Marijuana Business News

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stocks
business
Wed
11
Nov

Hemp Industry Takes Important Step Toward the International Marketplace

The hemp industry is taking a significant step towards the international marketplace through a federal cost-sharing agreement supporting both a global marketing strategy and individual companies' relationships with overseas purchasers.

Wed
11
Nov

More pot shops in Illinois? Lawmakers mull plan to create new dispensary licenses amid delays

Legislators in Springfield are hashing out a plan that one lawmaker says could potentially double the number of new marijuana shops as the state grapples with an ongoing licensing imbroglio that’s hampered the governor’s pro-pot agenda, the Sun-Times has learned.

A lottery to determine the winners of the next wave of 75 licenses has been delayed indefinitely after a string of lawsuits were filed in the wake of the announcement that just 21 groups qualified in September. Though Gov. J.B. Pritzker later created a process to give the more than 900 losing applicants another shot, that plan has also prompted legal action from three of the finalists.

Wed
11
Nov

Cannabis Stocks Seem To Benefit From Biden Win and Legalization

It’s no secret to those following the news lately that the future of cannabis is looking bright following the recent U.S. elections. Not only did Democratic candidate Joe Biden win the presidential election, many states embraced legal and recreational cannabis, marking a change overall for legislation across the country. 

Wed
11
Nov

Did this cannabis site expose the records of more than a million users?

The passwords and private information of 1.4 million users in an online cannabis growing and journaling platform may have been exposed.

So alleges Volodymyr “Bob” Diachenko, an independent cybersecurity consultant, who posted a blog about his findings on LinkedIn.

Tue
10
Nov

2 CBD Marijuana Stocks To Watch This Month

Do These Top Marijuana Stocks Have Value In The Cannabis Industry?

Tue
10
Nov

10 Best Places To Start A Cannabis Business in the U.S.

Starting a cannabis business in the US takes a lot of planning, effort, and patience.

However, it’s doable if you choose the best US state for such a business.

According to some of the most recent statistics, the cannabis industry is among the fastest-growing industries globally.

Therefore, it’s a perfect time to start this type of business.

Tue
10
Nov

Jamaica’s Medical Cannabis Industry Held Back By Jittery Bankers

Jamaica’s Ministry of Industry, Investment and Commerce is striving to resolve banking issues impacting the country’s fledgling medical cannabis industry.

It seems many banks in the country are balking at funding medical cannabis operations out of concerns for their relationships with banks in the USA; where cannabusinesses also still struggle with securing financial services.

A meeting was recently held with Jamaican banks to discuss the matter.

“We had a meeting with a major stakeholder in the industry and we have been having meetings with persons who are making the various different proposals on how we deal with this correspondent banking issue,” said  State Minister, Dr. the Hon. Norman Dunn. “It is a real issue; it is a real concern”.

Tue
10
Nov

Illinois crosses $100 million threshold in monthly marijuana sales as election victories pave way for more growth

There was no blue wave or red wave during Election Day, but the green wave rolled on for cannabis as voters expanded recreational use to more locations just days after the industry’s most lucrative month yet in Illinois.

Illinois adult-use cannabis dispensaries generated a record $75 million in sales during October, up nearly $8 million from the previous month, according to the state.

The marijuana business crossed the $100 million threshold in total sales for the first time. In addition to recreational sales, medical marijuana topped $33 million during the month, according to the Illinois Department of Financial and Professional Regulation, which licenses marijuana dispensaries in the state.

Tue
10
Nov

House will vote on cannabis legalization bill in December

bill to remove federal penalties on marijuana and scrap some cannabis-related records will receive a vote on the House floor in December, according to House Majority Leader Steny Hoyer.

In a letter to colleagues Monday, Hoyer outlined the legislative schedule for the lame-duck session in November and December.

Mon
09
Nov

Cannabis shares hit session highs after Cuomo promises N.Y. legalization

Commodities Aphria shares climb after announcing US$300M deal for U.S. brewer

Shares of Canadian pot giant Aphria rose on Thursday, a day after the company announced plans to enter the U.S. market with the purchase of SweetWater Brewing for US$300 million in cash and stock. BNN Bloomberg's David George-Cosh has the details.

Cannabis companies rallied on Thursday, reversing a slump the day before, on renewed optimism over the lifting of restrictions on marijuana sales in five states this week.

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