Marijuana Business News

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Mon
08
Feb

Are High-CBD Hemp Flowers The Next Big Thing In Cannabis?

hemp flower growing outside

Even if you tried, you couldn’t have missed out on hearing at least something about the benefits that CBD has to offer. With a rapid industry expansion, there have been many CBD products showing up on the market – from vape juices and edibles to oils and tinctures used to treat different symptoms in patients.

There’s even an FDA approved medication based on CBD, which is a considerable step towards destigmatizing hemp and CBD as a whole. But, what you might have missed is that alongside everything already listed, you can also get hemp flowers that contain high CBD levels even in their raw form.

Mon
08
Feb

High-stakes hemp logistics put specialty fleets, willing drivers in demand

marijuana plant outside

When 1606 Original Hemp ships a load, it crosses the country, from the company’s growing facilities in California to its manufacturing plants in New York, and back again. That means crossing dozens of state lines and navigating just as many hemp transport regulations — an overwhelming prospect.

And it's more than 1606 Original Hemp wanted to manage on its own, so it turned to specialty carrier 357 Hemp Logistics for help.

Mon
08
Feb

The Mexican Cannabis Market Is Shaping Up To Be A Major Global Player In 2021 And Beyond

Mexican flag waving in the sun

Mexico is one of the most exciting emerging cannabis markets in the world and we expect to see increased interest in the market from leading cannabis companies. A few months ago, we published an article on the Mexican cannabis market and received a lot of positive feedback from our readers.

After noticing the amount of interest in the Mexican cannabis market, we conducted due diligence on the operators that are focused on the emerging market. Based on our analysis, we determined that the market is wide open for companies to come in and grab market share and will monitor how the industry evolves over the next year.

Fri
05
Feb

Lawmaker pushes to create new pot shop licenses — just weeks after similar effort went up in smoke

state Rep. La Shawn Ford

Amid uproar over the state’s troubled efforts to issue new cannabis licenses, state Rep. La Shawn Ford on Wednesday said he introduced a “shell bill” that will ultimately be used to create as many as 110 additional dispensary permits.

The Chicago Democrat filed the legislation last Wednesday and now plans to add language that would create the new licenses. The proposal is similar to a bill that cleared the Senate but ultimately went up in smoke during last month’s lame duck session.

Fri
05
Feb

Big Numbers (and a Few Surprises) in Arizona's 2020 Marijuana Report

pennies piled together with a cannabis bud on top of three

The Arizona Department of Health Services has issued its end-of-year report for 2020, and to the surprise of virtually no one, medical marijuana sales increased year-over-year, for the eighth year in a row.

Arizonans purchased 106 tons of cannabis products from dispensaries in 2020, according to the report, and all signs point to much higher numbers in 2021.

That's due largely to the fact that recreational cannabis is now legal for adults to buy as of January 22, 2021. 

Thu
04
Feb

Top Marijuana Stocks To Watch For Gains In February 2021

marijuana leaf with a bill

Cannabis Stocks Rally To Begin February

Thu
04
Feb

British Hemp Company launches in Wiltshire to unlock crop’s potential to help UK hit carbon target

tractor in a hemp field

A hemp farming business has launched in Wiltshire with a strategy to revive growth of the crop throughout the South West countryside and reduce Britain's carbon footprint.

Operating from a mill in Warminster, the British Hemp Company is the first company to process exclusively UK-grown hemp at scale.

Last year the business secured licenses from the Home Office for 12 growing locations throughout the country, including Somerset, Devon, Cornwall and South Wales.

It hopes to process 150 tons of hemp from 700 and 800 acres over the next year and has unveiled a range of nutrition and body care products, from hemp seed oil to hand balm.

Thu
04
Feb

Arizona: Recreational cannabis sales begin weeks earlier than expected

crowd gathering outside dispensary

In a move that gave local cannabis watchers—and many dispensary owners—a serious case of whiplash, the Arizona Department of Health Services gave the green-light to recreational pot sales late last month, catching a lot of people in the industry off guard.

Harvest Enterprises, Inc., founded by CEO and Tempe native Steve White, had the first-ever Arizona adult use sale in its Scottsdale location and Harvest became the first Tucson-area dispensary to sell recreational marijuana, with patients waiting in line for hours outside the midtown outlet at 2734 E. Grant Road, on opening weekend.

Wed
03
Feb

U.S. Marijuana Industry to Hit $41B by 2025

person taking out cannabis buds from a small glass container

New Frontier Data, a cannabis data, analytics and business intelligence provider, released a new report regarding the future of the cannabis industry. The report reflects the resized market projections following the passing of six cannabis ballot initiatives in five states  — Arizona, Mississippi, Montana, New Jersey, and South Dakota — and an analysis of cannabis consumer behaviors driven by the COVID-19 pandemic.

Wed
03
Feb

Japan's hemp business wants to distance itself from image of narcotics

hemp plants growing outdoors

The announcement that the amount of marijuana in liquid form seized by customs officials in Tokyo in 2020 soared nearly 70 times from the previous year has attracted headlines in a country that still operates a zero-tolerance policy on all forms of narcotics. For Junichi Takayasu, founder of the Hemp Museum, the dramatic media coverage of the figures is deeply unfortunate.

All too often, he says, the Japanese media, local authorities, the police and public simply conflate cannabis with hemp, a crop that has a history that stretches back centuries in Japan, and which Takayasu would like to see once again flourishing in the fields.

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