Marijuana Business News

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stocks
business
Mon
21
Oct

Some Indiana farmers uncertain hemp will become profitable

Some Indiana farmers have started harvesting their first legal crop of hemp without knowing for certain whether it will prove to be lucrative.

President Donald Trump signed the 2018 Farm Bill in December , legalizing hemp. Since then, Indiana farmers have taken out permits to grow thousands of acres of hemp for its fiber, seed and cannabidiol, or CBD, a non-intoxicating compound also found in marijuana.

The hemp flowers and seeds can be processed for fiber to make paper, cloth, rope, wood-like material or hemp concrete.

Mon
21
Oct

Michigan hemp farmers collect first harvest for CBD products

Farmers harvesting the first batch of legal hemp Friday said they could be looking at Michigan’s next big cash crop.

For the first time, nearly 600 farmers are harvesting legal hemp across the state. The Michigan Department of Agriculture and Rural Development issued the first industrial hemp licenses to farmers earlier this year, allowing local entrepreneurs to enter the market for hemp-infused healthcare products -- promoted as a treatment for headaches, chronic pain and anxiety -- that consumers are finding everywhere from retail storefronts to shelves in Family Video stores.

Mon
21
Oct

Hemp may soon be big business for Texas farmers

Industrial hemp and it’s blossoming future in Texas is a popular topic these days, admits Joshua McGinty, AgriLife crops expert.

“There’s a lot of people who show up for and against hemp production,” said McGinty, an assistant professor and extension agronomist at Texas A&M. “But either way, they show up – and pay attention.”

At 7 a.m. Wednesday, McGinty will offer his presentation “Current Legal Status and Possible Hemp Production in Texas” at the Victoria Community Center, 2905 E. North St.

Since Texas hemp production was made legal as of Sept. 1, many South Texas farmers have wondered whether the controversial crop is also profitable.

Mon
21
Oct

Illicit cannabis companies find struggles, success in going legit

For many New York cannabis businesses operating in the illicit or gray market, preparing to go mainstream is essential. Some have made the move and are ready to share their wisdom. For those who haven’t, preparing during the lead up to the state’s eventual adult-use legalization could prove critical to securing a place in the one-day legal market. 

However, making the transition has its series of difficulties. 

Mon
21
Oct

Study suggests legal cannabis could create over 100,000 jobs in Florida

Florida voters may have the opportunity to legalize recreational marijuana at the ballot box next year, and a new study may help bolster the advocates’ case. 

The study, conducted by New Frontier Data, a Washington, D.C.-based think tank dedicated to providing empirical research on cannabis, suggests that the state could see a significant uptick in jobs over the next several years if pot is legalized. 

Mon
21
Oct

Slow rollout in marijuana sales costs Maine revenue and jobs

From legalization to legal sales, Maine is inching toward the slowest adult-use marijuana rollout in the U.S., with economists saying the three-year wait for stores to open will have cost Maine more than $82 million in taxes and 6,100 industry jobs.

The delay has caused some investors and industry experts to take their dollars and skills to other states, consultants say. Many of those who remain behind, committed to Maine, are spending cash they haven’t got to be ready for a market launch that is two years longer than average.

Mon
21
Oct

Cannabis drinkables are the new edibles: Where, when and how to get them

Why do consumers love drinkable cannabis? Let us count the ways. It's discreet, it requires no special equipment, it tastes good, and it's a familiar and safe delivery system. 

Weed-infused drinks make up one of the fastest-growing segments of the cannabis market. It's a sprawling category that includes tinctures to mix with cocktails; non-alcoholic alternatives to wine, beer, or champagne; wellness beverages that can lull you to sleep or take the place of aspirin or ibuprofen after a strenuous game of hoops or tennis; and sparkling sodas that are as appealing to millennials as they are to baby boomers who aren't comfortable lighting up.

Mon
21
Oct

What can the end of alcohol prohibition teach cannabis entrepreneurs?

As the United States crawls slowly toward the end of the cannabis ban, the end of alcohol prohibition may provide a roadmap for entrepreneurs.

Nearly 100 years ago, Congress passed a law banning the sale and import of alcohol in the U.S. People who had been drinking all their lives didn't simply quit, as those pushing for the law had hoped. That led to a spike in organized crime, speakeasies and homemade liquor. Thirteen years later, Congress ended the failed experiment by repealing prohibition in 1933.

Mon
21
Oct

5 reasons the marijuana black market won't go away

Cannabis has been anointed by Wall Street as one of the fastest-growing industries on the planet. After sales more than tripled worldwide between 2014 and 2018, Wall Street has forecast a roughly fivefold to 18-fold increase in global annual revenue by the time 2030 rolls around. This type of growth is impossible for Wall Street and investors to ignore, which is a big reason pot stocks have been all the rage.

Fri
18
Oct

Cannabis legislation progresses, yet US companies and US cannabis investors are moving in reverse

Buoyed by wide-scale public support, legislation to legalize and properly regulate cannabis in the U.S. on the state and federal level continues to gain steam. So why are commercial and investment banks moving in the opposite direction? And what are the risks to U.S. companies and workers who are trying to build out this high growth, CPG (consumer packaged goods) sector? As a result, the U.S. retail investor has become collateral damage.

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