Marijuana Business News

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Thu
25
Feb

Barbados Could Boost Cannabis Industry via Stock Market

computer screen

The Caribbean island of Barbados is a beautiful place. Home to less than 300,000 people, the island nation is a well-known tourist destination. It is not as known for its stock market.

For many years Barbados’ largest industry was agriculture, although that has evolved in recent decades with tourism taking over as the driving economic force in Barbados.

Manufacturing and mining are large industries in Barbados, as are financial services. Agriculture is still a dominant industry, but less-so compared to previous decades.

Thu
25
Feb

How Cannabis Brands Should Market to Gen Z and Millennials

three people in a team meeting

Gen Z and Millennials are typically a marketer’s worst nightmare, especially those working within the cannabis sector. Not only are these the hardest-to-reach generations, but they also love to hang out on social media platforms such as Instagram and TikTok, just two of many platforms that ban paid cannabis advertising. Yet, marketers cannot take Gen-Z and Millennials lightly since, combined, they account for 38% of legal cannabis consumers.

Thu
25
Feb

Michigan May Get Its Own Marijuana Stock Exchange

a person watching the screen with stocks on it

The Michigan Marijuana Market could be the key to overcoming barriers to participation in the booming cannabis economy.

January has been a watershed month for cannabis in the state of Michigan, as the Michigan Marijuana Regulatory Agency announced sixteen proposed changes to the state’s cannabis laws and regulations. Aimed at improving access to capital for people of color seeking to break into the cannabis market, this initiative also seeks to address other hurdles commonly faced by minorities in the marijuana industry.

Thu
25
Feb

The University of Florida Introduces Hemp Approval Program

marijuana plants

The University of Florida Institute of Food and Agricultural Sciences (UF/IFAS) announced its partnership with Roseville Farms to implement an industrial hemp program.

The program, which is led by Brian Pearson, an assistant professor of crop management at the UF/IFAS Mid-Florida Research and Education Center, "provides a science-based evaluation of industrial hemp varieties," the organization states in a news release.

Thu
25
Feb

South Dakota May Let Banks Choose Whether To Work with Cannabis

money with cannabis on top

While South Dakota is still stalled when it comes to making legal cannabis a reality within state borders, the state is already working on legislation that allows banks to decide whether or not to do business with the legal cannabis and hemp industry. 

Thu
25
Feb

Cannabinoid Hemp Program Applications Open in New York

city scape with sunset in background

On Monday, New York Gov. Andrew Cuomo announced that the New York State Department of Health's (NYSDOH) Cannabinoid Hemp Program opened licensing applications.

In Oct. 2020, the state released regulations for all products containing cannabidiol (CBD) and other hemp-derived cannabinoids for human consumption. Some of these products include food, beverages and dietary supplements. 

Thu
25
Feb

Breaking the Grass Ceiling: What Issues Women Executives Face in Cannabis

three women stood around in a meeting

As the inspiration from the first female Vice President grows, women are motivated to empower themselves and do even more amazing things than ever before. In celebration of this historic event, The National Cannabis Industry Association and the Women’s Inclusion Network by Arcview jointly released a set of five cannabis-related white papers that outlines the different challenges women executives face in the cannabis industry. 

Wed
24
Feb

These States Have The Highest Cannabis Sales Taxes In America

marijuana pilled on top of money

It can be argued that the high taxes are well-intentioned, signaling support for an inclusive cannabis market.

Due to ongoing federal prohibition, America’s cannabis regulations remain fragmented by state. Until reform occurs, states will continue to set their program frameworks, including how it taxes the supply chain, with consumers feeling the brunt directly by taxes or indirectly by retailers up-charging to offset costs.

Wed
24
Feb

Hemp CBD oversupply has farmers questioning their 2021 strategy

man caring more marijuana plants

Here’s a numbers game for you. Guess how many acres of hemp the entire CBD business world needs to supply its product to America? Are you sitting down? You might want to pour an entire tincture bottle under your tongue to prepare to hear this.

Here’s a hint: Charlotte’s Web—the No. 1 brand in the hemp CBD business—reported almost $95 million in revenues in 2019. If you assume 1,500 mg CBD per tincture bottle, how many acres of hemp does the company need to grow?

During the crazy boom planting year of 2019, Charlotte’s Web reportedly grew 862 acres. Did it need that much?

Wed
24
Feb

Delta 8 Update: Shipping Vape Ban Goes Into Effect Soon. Are You Ready?

are you ready painted on a track and field course

If you recall, about 1 month ago we covered the upcoming vape product shipping ban that was snuck onto page 5,136 of last year’s COVID relief bill. At the time, there was still a lot of confusion about what shipping companies would be included and when these new measures would take place. Now we have some more updates and can offer additional clarity about what exactly is going on.

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