Marijuana Business News

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Fri
29
May

Netflix’s Patriot Act with Hasan Minhaj Takes On Cannabis Legalization

Actor and comedian Hasan Minhaj shined a light on the state of legal cannabis in the United States on the latest episode of his Netflix show Patriot Act with Hasan Minhaj.

Fri
29
May

Why Is Banking Still An Issue In The Cannabis Industry?

Banking is one of the most hotly debated issues amongst marijuana stocks and in the cannabis industry. While the issue mostly pertains to the U.S.

Fri
29
May

Utah’s cannabis pharmacies debut drive-thru services

Medical cannabis pharmacies in South Ogden and Salt Lake City began offering drive-thru services this week, as retailers seek to protect vulnerable customers from exposure to the coronavirus.

The new option will offer a “safe alternative for high-risk patients to get the care they need as our country recovers from this pandemic,” Greta Brandt, president of True North Organics and Perfect Earth Modern Apothecary, said in a prepared statement.

Patients using the drive-thru at South Ogden’s Perfect Earth Modern Apothecary at 3775 S. Wall Ave. will still have to bring a medical cannabis card or a physician recommendation letter, according to a news release.

Fri
29
May

CannTrust Receives Notice from Health Canada of License Reinstatement for its Fenwick Facility

CannTrust Holdings Inc. (“CannTrust” or the “Company”) announced that it has received notice from Health Canada that the Company’s licenses for its Fenwick Perpetual Harvest Facility (the “Fenwick facility”) have been reinstated.

Fri
29
May

COVID-19's Surprising Impact on Cannabis Sales

For the past couple of months, the coronavirus disease 2019 (COVID-19) pandemic has wreaked havoc on the U.S. and global economy. In the U.S., more than 39 million people have filed an initial jobless claim within the past nine weeks, while the unemployment rate in India has increased from 8.7% in March to more than 27% by May 3.  Regardless of the country, the results are similar.

COVID-19 has also been relatively indiscriminate when it comes to the economy. Though pockets of strength have emerged, most industries have been negatively impacted by the spread of the coronavirus and the mitigation measures put in place to curb its transmission.

Thu
28
May

Study looks into cannabis CEO salaries, mounting resignations in industry

The Canadian cannabis industry’s weaker-than-expected performance in its first year of existence led to multiple company shakeups over the past year. 

The most high-profile ousting came in the form of Bruce Linton, the new industry’s poster boy, who was terminated from his position as CEO at Canopy Growth in July of 2019. Linton was fired from the company he founded in 2013 by Constellation Brands after concluding the company’s financial results were disappointing.

Thu
28
May

How to Choose the Best Seeds for Planting Cannabis

There are all kinds of techniques people use when it comes to growing premium bud. Some people have their tried-and-true methods that they swear by while others are still in the trial-and-error period of their growing journey. Regardless of skill level, when it comes to growing a flourishing crop, the first place to begin when choosing to grow cannabis plants is with knowing how to properly select quality seeds.

Thu
28
May

View from Bogotá: ‘The hemp opportunity goes way beyond CBD’

INTERVIEW: Manuel Baselga is a public affairs executive and social entrepreneur with 15+ years’ operational experience in over 25 emerging countries, mainly across Latin America and Africa. After co-founding UK-based Lignum Resources, a carbon efficiency project development firm invested in interests from solar power generation to sustainable forestry, Baselga joined Savanna, a cannabis investment fund. Although Savanna’s most visible asset is 613 Partners, a global cannabis services firm, industrial hemp remains a top priority for the company. Based in Colombia, the company is involved in R&D projects in genetics, technology and decarbonization.

Thu
28
May

4 Reasons Why The HEROES Act Is Great For Cannabis

Practically overnight, the COVID-19 pandemic achieved for cannabis what decades of lobbying and lawmaking have not: legitimacy as an essential business sector. 

Many in the industry were hopeful they also could attain something else sought for decades—access to banking services. But now that Senate Republicans and the President have publicly opposed the U.S. House’s HEROES Act, there’s little chance stakeholders will see these benefits soon.

Thu
28
May

Zimbabwe grants full farm ownership to cannabis investors

Following the legalization of cannabis in Zimbabwe, the government has granted approval for all local and foreign cannabis investors to fully own farms and licenses. The decision, which comes after a high-level meeting by the cabinet, is meant to improve competitiveness.

In 2018, Zimbabwe approved the production of marijuana for solely medicinal and scientific purposes after plenty of deliberation, thus becoming the second African country to legalize its use after Lesotho.

Last year, the government announced that 37 local and private investors had shown interest in cannabis farming, in addition to more than 150 foreign and local investors who had indicated interest.

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