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Tue
25
Sep

To no surprise, number of cannabis job listings and salaries continue to increase

The emerging legal cannabis industry has brought with it no shortage of excitement and of course no shortage of employment opportunities.

According to a new report published recently by Vangst, a California-based employment agency focused on the industry, jobs in the cannabis space are increasing steadily along with their salaries.

Vangst was founded in 2015 and since then has connected nearly 7,500 people with jobs in the legal cannabis industry. To publish their recent report, the agency surveyed 1,200 marijuana companies to discover who they’re looking for and how much they’re paying their employees.

Mon
24
Sep

Estée Lauder is the most recent cosmetic company to infuse cannabis in their products

Estée Lauder is the most recent and one of the biggest cosmetics companies to make the move into cannabis cosmetics, a quickly growing product category in the cannabis industry.

Origin, one of the Estée Lauder brands, launched a face mask just last week called “Hello, Calm”. This skin mask is infused with cannabis sativa seed oil from hemp. Currently, it’s available exclusively on Sephora’s webstore.

Origin’s global general manager, Julie Van Ongevalle told Glossy that the brand has been discussing cannabis-infused cosmetics for a while but decided that this was the time to finally launch a product.

Mon
24
Sep

Cannabis and banking: An ongoing impasse for U.S. pot businesses

One of the biggest dilemmas facing America’s legal cannabis industry is the reluctance by most financial institutions to work with pot businesses.

That avoidance is due to the U.S. federal government’s prohibitions on cannabis. And the federal illegality of cannabis has made banks, credit unions and other financial firms shy away from cannabis companies, out of concerns they could open themselves up to federal prosecution.

As a result, most cannabis companies transact business on a cash-only basis; a situation that makes these businesses vulnerable to robbery, money laundering and other criminal acts.

Fri
21
Sep

Canadian officials may target U.S. pharmaceutical industry amid looming trade war

The United States pharmaceutical industry is likely to be the target for Canadian officials should a full out trade war take place between the two North American countries, an Ottawa-based law professor with knowledge about the issue told Yahoo Finance earlier this week.

Thu
20
Sep

Concentrates are the fastest growing cannabis product category in the U.S.

Concentrates are currently the fastest growing cannabis product category in the legal industry according to data released earlier this week by Arcview Market Research. The projections are contained in a report by BDS Analytics called “Concentrates: The Hottest Product Category in Cannabis.”

The report shows that concentrates are expected to hit $2.9 billion in sales by the end of 2018, up 49 percent year over year. This makes cannabis concentrates the second largest market in the industry, only behind dried flower.

Concentrate sales are predicted to surpass flower sales by 2022 in size at $8.4 billion with flower expected to be at $8.5 billion.

Wed
19
Sep

New Jersey bill proposes some of the most progressive cannabis laws

New Jersey appears to be moving closer to legalization after a local media source received a copy of a new bill that state lawmakers believe is likely to pass.  

If the bill is passed, New Jersey is poised to have some of the most progressive cannabis laws in the country.

An exciting feature of the bill is the call for consumption areas, or smoking lounges. Ideally, a retailer could actually have a space within their facility, separate from the retail area, for customers to consume product. This would require state and local approval.

The bill also proposes a home delivery system so that customers could purchase product online and have it delivered right to their door.

Wed
19
Sep

South Africa’s highest court legalizes cannabis for personal use

South Africa is the country to most recently legalize cannabis.  

South Africa’s highest court has legalized using cannabis for adults in private places as well as growing cannabis for private use upon ruling that the previous law that banned cannabis is unconstitutional.

“It will not be a criminal offense for an adult person to use or be in possession of cannabis in private for his own personal consumption,” said Deputy Chief Justice Raymond Zondo.

The ruling comes after a decision made last year by a provincial court that legalizes cannabis for private use in Western Cape where the country’s capital, Cape Town, is situated.

Tue
18
Sep

Louisiana regulators remove 100-patient limit for physicians

More Louisiana residents should have easier access to medical marijuana after state regulators got rid of the rule on Monday that limited the number of patients to which physicians can recommend cannabis.

The Louisiana Board of Medical Examiners (LSBME) met Monday to discuss changing rules that currently restrict patient access to medical cannabis, including the cap previously in place that restricted physicians from recommending marijuana to more than 100 of their patients. Dr. Victor Chou, one of the first physicians to receive a license to recommend cannabis in Louisiana told the board that he reached that limit in only two weeks after opening his clinic in Baton Rouge.

“I have a waiting list of 700 patients,” Chou said.

Mon
17
Sep

Only one BC Cannabis Store will be opened on October 17

When recreational cannabis is legalized in Canada on October 17, British Columbians will only be able to purchase marijuana from one BC Cannabis Store location, according to the province’s minister of public safety and solicitor general, Mike Farnworth.

Farnworth said in a press release published Sunday that the first and only BC Cannabis Store will open in Kamloops. Other stores are expected to open in the following months with more than 100 applications in the process of entry. The province is also planning to launch an online retail platform so that all B.C. residents can purchase cannabis wherever they are in the province.

Mon
17
Sep

Three out of four Michigan communities have opted out of medical program

A recent survey found that three out of four communities in Michigan do not want cannabis businesses in their area.

The survey was conducted by the University of Michigan’s Ford School of Public Policy. Township officials were polled about whether or not they’ve opted in or out of Michigan’s medical cannabis program. The survey found that 75 percent of officials had opted out of the program.

The survey was conducted online for the majority of communities and some by mail. There was a 70 percent response rate according to Tom Ivacko, the associate director of the Center for Local, State, and Urban Policy at the Ford School of Public Policy.

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