Marijuana Business News

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Mon
09
Nov

The 5 Tools That Every Serious Cannabis Grower Needs

Every serious grower has a set of tools that are used every day to monitor and tend to their crops. If you’re thinking about taking the step from curious cultivator to master grower, there are a handful of tools that will be essential to the plant’s success and using them on a daily basis will ensure that the next (or first) crop will be healthy and bountiful. Check out this list of suggestions below for resources to get you growing with the best of them.

Mon
09
Nov

Texas’ first legal hemp farm offers an interactive look at the plant

Down a rural farm road on the outskirts of Bergheim, 40 minutes north of San Antonio, lies the green pasture nurturing Texas' first legal hemp farm. At Texas First Hemp, visitors can take a look inside the farming operation, demystifying some of the stigma and buying samples on their way out.

Mon
09
Nov

'There's a lot of money to be made': Nebraska border town ponders recreational marijuana

It wasn't long Wednesday morning before Don Lantis had fielded three phone calls from people wanting to go into the marijuana dispensary business with him.

Lantis, the grand old man of fireworks in North Sioux City, is personally not fond of marijuana and has never used it. (He prefaced this several times by noting, "I'm 79 years old.") But it's impossible to deny the moneymaking potential of marijuana in North Sioux City, the same sort of opportunity that compelled his father to open Lantis Fireworks in the border town 75 years ago.

"There was money to be made there," Lantis said of his father's long-ago decision to sell fireworks directly across the border from Iowa where they were illegal.

Mon
09
Nov

Cannabis execs cheer 'green landslide' of votes for legal pot

Despite all the uncertainty surrounding the U.S. election, there’s a clear victor already: domestic cannabis companies.

Leaders across the industry cheered after marijuana measures passed in all five states that had them on the ballot Tuesday -- even in deeply red parts of the country. The results buoyed the biggest U.S.-based players in the market.

“Cannabis won, and won big,” said Boris Jordan, chairman of Curaleaf Holdings Inc., one of the largest cannabis companies. “It’s a green landslide.”

Mon
09
Nov

California's New Cannabis Terroir Laws Are A Major Win For Legacy Growers

California's most iconic cannabis cultivation zones and its local outdoor growers recently received a boost to their business when Gov. Gavin Newsom signed SB 67 into law on Sept. 30.

The regulation amends Section 26063 of the Business and Professions Code while enacting a new terroir-based appellation for origin-specific products and its use of the environment during the plant's growth.

Any use of artificial lights, shelters or any other form of temperature or climate control is prohibited under the rules.

The passage of SB 67 is being heralded as a win for the state's iconic operators across California's fertile grounds, including the Emerald Triangle, by recognizing their claim to the fertile region.

Fri
06
Nov

2 Top Marijuana Stocks To Watch For Long Term Investments

Which Marijuana Stocks to Buy for The Long-run?

Fri
06
Nov

Cannabis shares rebound after marijuana goes mainstream

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.

Fri
06
Nov

San Francisco to give cannabis industry a one-year tax break

San Francisco’s cannabis industry is expected to hang on to a bit more green next year due to a tax break that is likely to pass next week.

Supervisor Rafael Mandelman has proposed the one-year tax reprieve, delaying the implementation of the cannabis tax approved by voters in November 2018.

The estimated tax break and revenue loss to The City is $7.1 million, according to the budget analyst.

Fri
06
Nov

New Regulations Expand Maryland Hemp Program to Commercial Growers

The Maryland Department of Agriculture has adopted new regulations that will expand the state’s industrial hemp program. The new regulations bring the state’s program into compliance with provisions of the 2018 U.S. Farm Bill, and will establish industrial hemp as an agricultural commodity.

Fri
06
Nov

How Arizona’s cannabis legalization proposition might impact NM

Election Day in New Mexico resulted in a slight expansion of the state’s Senate, and a very slightly reduced, but still large, House Democratic majority. But while New Mexico voters cast their votes on Tuesday, voters in neighboring Arizona voted overwhelmingly to legalize recreational-use cannabis, something the New Mexico Legislature has not been able to pull off, despite years of attempts. 

Arizona may be at least a year away from seeing any significant tax revenue from legalized cannabis, but the proposition included an expungement provision and will allow medical cannabis dispensaries to start selling it for recreational-use by next spring, just as the New Mexico Legislature is set to wrap up their regular legislative session. 

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