Marijuana Business News

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Fri
21
Sep

Feds seeking help to learn more about Canadian cannabis sold on ‘cryptomarkets’

The federal government insists pot legalization will help the country snuff out crime — but internally it’s wondering what will become of the fuzzy world of illegal online weed transactions.

In less than a month, Canada will become the first industrialized country to legalize recreational marijuana. The Liberal government has argued the end of cannabis prohibition will prevent criminals and, in particular, organized crime from getting their hands on the lucrative proceeds of Canada’s illicit grass market.

But when it comes to illegal online cannabis transactions, the federal Public Safety Department is seeking outside help to learn more about the prominence of Canadian weed on mysterious platforms on the Internet’s “dark web” — known as “cryptomarkets.”

Fri
21
Sep

A closer look at the effects of Colorado's legal marijuana industry

Many local and state leaders urge Michiganders to vote against legalizing recreational marijuana. West Michigan law enforcement leaders made their case Wednesday September 19, 2018 against legalizing recreational marijuana.

Voters will decide on the issue in November. In their news conference, prosecutors used examples from other states that have legalized pot, to explain why they think it would be bad for Michigan.

Fri
21
Sep

Michigan marijuana legalization proposal does not contain protections against employee drug tests

Michigan voters will almost certainly legalize recreational marijuana this November. And while that may be a huge victory, it turns out the state will not have protections in place for legal marijuana users, writes Joseph Misulonas.

Fri
21
Sep

First medical cannabis dispensary set to open in Brooklyn by end of year

Brooklynites are closer than ever to getting access to legal medical marijuana in their own borough.​

The borough of Brooklyn in New York City is slated to get its first medical marijuanadispensary by the end of this year, according to a release from cannabis company Citiva Medical. The firm is one of ten medicinal cannabis providers licensed by the state of New York.

Amy Holdener, the director of marketing and communications at Citiva Medical, told High Times via email that the company is looking forward to opening its new dispensary.

Fri
21
Sep

Can CBD be a cure for nicotine withdrawal?

Cannabidiol, known affectionately as CBD, can help break nicotine addiction, but can it also help one get through withdrawal periods? The answer is a little more complicated than a simple “yes” or “no”.

CBD works with endocannabinoid system in the body and is known to affect serotonin receptors and others that are known to play a role in addictive behaviors. Although THC is the most well-known cannabinoid, unlike THC, CBD is non-psychotropic in nature with little to no side-effects.

It seems with every year passing, more and more benefits are being attributed to CBD. A compound with many medical benefits and little to no side-effects, of course is an extremely attractive topic for medical research.

Fri
21
Sep

3 Beverage giants that should be looking for a cannabis partner

Sluggish sales could coerce these well-known beverage makers to turn to the green rush.

Whether you realize it or not, marijuana is big business. In our neighbor to the north, recreational weed is set to be legalized in 27 days. When the curtain is finally lifted, demand is expected to overwhelm the market, and in the process put loads of cash into the pockets of businesses up and down the cannabis supply chain. But this growth isn't lost on companies outside the cannabis industry. The past two months have featured no shortage of deals in the marijuana arena between brand-name companies and the pot industry.

Fri
21
Sep

New Jersey’s new adult-use cannabis bill just might pass

New legislation proposes lowest weed tax in nation.

In January of this year, Phil Murphy became governor of New Jersey for a slew of reasons, not the least of which was his promise to legalize weed in the Garden State within his first 100 days in office. That benchmark has come and gone, but lawmakers continue to work on it and now a new legalization bill is finished, polished and ready for possible implementation.

Fri
21
Sep

Law enforcement blasts relaxed rules on marijuana home delivery

Nearly a year into marijuana legalization in California, top law enforcement officials are fighting a proposed rule allowing pot deliveries anywhere in the state. Meanwhile, one cannabis industry leader agrees with their concerns.

Matt Lucero of Buddy’s Cannabis in San Jose has been in the business for nearly a decade. And business is booming for him, even as state and the county pass new laws on the industry. “It’s a steady, continued growth,” Lucero said.

While Lucero said he makes certain to follow the law, he’s aware that many others are not. “The black market is alive and well. And right now delivery drivers are the way that the black market is getting their product to folks,” Lucero told KPIX 5.

Fri
21
Sep

It's high times for soaring marijuana stocks on Wall Street

Reefer Madness has gripped Wall Street.

Investors are craving marijuana stocks as Canada prepares to legalize pot next month, leading to giant gains for Canada-based companies listed on U.S. exchanges. Some experts are concerned that the ending will be a buzzkill.

Fri
21
Sep

3 Canadian cannabis stocks to watch going into the weekend

The cannabis sector has become a major topic discussion with mainstream financial media outlets and this is a trend that we are watching.

The interest was driven by some high-flying stocks and we are monitoring how the sector closes out the week. Today, we wanted to highlight 3 companies that have been highlighted on CNBC and provide an update on these leading Canadian opportunities.

Tilray: Watching the Decline

After trading as high as $300 a share, Tilray (TLRY) has been trending lower is trading near the $160 level this morning. The Canadian cannabis producer has been one of the hottest stocks to watch and mainstream media has been all over this story.

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