Marijuana Business News

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stocks
business
Thu
24
Sep

Why You Should Invest in Cannabis in the Fall

THE VOLUME IN cannabis stocks is likely to rise again in the fall after shares slumped during the summer, providing investors an opportunity to take advantage of the liquidity.

Interest in marijuana stocks is also likely to increase during the next couple of months since several states will vote in November on legalized use of recreational cannabis, including Arizona and New Jersey.

Thu
24
Sep

Illinois Makes Plans to Make Cannabis Industry Inclusive

Illinois has been making major headlines in the cannabis sector, as some groups cry out that the plans for granting new business licenses are not inclusive enough of minorities, and that the lottery system for choosing new businesses license holders is unfair. 

Thu
24
Sep

Wildfires Expected To Impact Hemp Crops

The West Coast wildfires may finally be slackening a bit thanks to kinder winds, merciful rain, and the heroic efforts of firefighters from Canada to Mexico, but the fight is far from over for cannabis growers whose crops went up in smoke and cannabis companies who will be struggling to stay afloat due to the diminished supply. The one-two punch of Covid-19 and the historic fires that ravaged (and in some cases are still ravaging) huge swaths of the western states may prove to be more than some businesses can withstand despite some industry leaders stepping up to lend a hand.

Thu
24
Sep

Arizona Dispensary Launches Medical Marijuana Delivery Service

Nature’s Medicines, which has two medical marijuana dispensaries in the Valley, has announced that they’ve launched a medical marijuana delivery service in the Phoenix metro area.

“Our medical marijuana patients will now be able to order their favorite cannabis products at our low dispensary prices without the markup charged by other delivery services and get them delivered right to their front door,” said CEO Jigar Patel.

Thu
24
Sep

Hemp and Novel Foods in Europe

European Industrial Hemp Association Managing Director Lorenza Romanese tells MCN about Novel Foods legislation and industrial hemp in the EU.

The European Industrial Hemp Association (EIHA), founded in 2005, is the only pan-European membership body serving the industrial hemp sector, boasting members from 25 EU Member States and 12 third countries.

Thu
24
Sep

A cottage industry is growing to support Maine’s new recreational marijuana market

A cadre of lawyers, accountants, insurers and real estate agents expect big returns from the start of adult-use marijuana sales in Maine on Oct. 9 as companies seek professional help to navigate the complicated new market.

While they had previously shied away from touting their “green business” clientele in Maine, those professionals now are openly advertising specialties in the highly regulated recreational marijuana business as it comes with increasing oversight at the state and federal levels.

Thu
24
Sep

As Michigan's marijuana industry booms, the state wants to address a lack of diversity in ownership

It’s a lucrative business in Michigan. The marijuana industry is breaking records and is projected to hit a billion dollars in sales by the end of the year. However, the state is seeing less marijuana dispensary owners of color and that’s something they want to change.

“It was a painstaking process,” said co-owner of KAHN Cannabis Co., Ron Bartell.

With marijuana sales in Michigan projected to hit $1 billion this year, it’s no surprise more people want to get involved.

“It’s a booming business. It was taboo at one point but now it’s very mainstream,” Bartell said.

Wed
23
Sep

The 2 Most Profitable Pot Stocks on the Planet

There's no question that this is going to be a big decade for the technology sector. We're liable to see a demand explosion for cloud computing, cybersecurity, and Internet of Things devices. But don't sleep on the marijuana industry.

Although Wall Street estimates vary wildly, as we'd expect from an industry with no modern-day precedent, global sales could hit anywhere from $50 billion to $200 billion a year by 2030. For some context here, worldwide legal weed sales didn't even hit $11 billion in 2018.

But every fast-growing industry encounters growing pains. In Canada, regulatory issues have constrained supply. Meanwhile, in the U.S., high tax rates on legal weed have made it difficult for licensed producers to compete with the black market.

Wed
23
Sep

New campaign makes push for interstate cannabis commerce in U.S.

As federal marijuana legalization in the United States remains off the table, a non-profit coalition of reform advocates and businesses in the pot industry is pursuing a plan to legalize interstate cannabis commerce next year. 

As reported by Marijuana Moment this week, the Alliance for Sensible Markets has released a plan under which the group will urge governors across the country to enter interstate compacts in order to facilitate the movement of cannabis between states where pot has been legalized.

An interstate compact represents an agreement allowed under the U.S. Constitution between two or more states, which depending on the subject matter needs congressional approval. 

Wed
23
Sep

The future of medical cannabis: regulation, capital raising, and investments

Hill Dickinson Senior Associate Rohit Fogla explores the UK’s regulatory landscape concerning cannabis finance.

As policy on cannabis in the UK and Europe continues to evolve, Rohit Fogla, Senior Associate at Hill Dickinson LLP, outlines the current regulatory regime for medical cannabis, capital raising and investment options for enterprises and investors operating in this sector.

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