Marijuana Business News

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stocks
business
Mon
17
May

These Marijuana Stocks Are Working To Build More Market Momentum

2 Marijuana Stocks To Watch As The Sector Slowly Starts To Rise

With marijuana stocks still working to reach even higher market levels, the sector has been a bit volatile this month. Many people felt May might bring with it a boost in momentum. However, the first week of the new month followed in the same downward pattern as the previous month. Currently, some marijuana stocks have slowly started to inch back up in the market. Yet for those cannabis plays that have not fully recovered there is still a chance to find marijuana stocks to buy.

Mon
17
May

Cannabis Stealing Workers From Just About Every Other Industry

Job growth for the United States in April 2021 might not have quite matched expectations with a disappointing increase of 266,000 jobs and an unemployment rate rise for the first time since 2020, but executive search and staffing firm Cannabiz Team’s latest Cannabis Industry Salary Guide for Q2 2021 tells a different story for the cannabis market. With 320,000 full-time cannabis jobs in the U.S., the cannabis industry ranks as the fastest-growing industry in America. As cannabis legalization spreads, projections have cannabis hitting $35 billion dollars in sales and providing 500,000 full-time jobs by 2024.

Mon
17
May

California Cannabis Equity Alliance Demands Focus on Social Equity in Cannabis

 

California has long gotten flack for not being an inclusive space for social equity and taking the steps some other states have as far as inclusion. Now, a group of social equity leaders from across the state who make up the California Cannabis Equity Alliance are planning a protest that will lay out their demands and wishes for the state. 

Fri
14
May

Insiders Talk Social Equity in Massachusetts Cannabis Industry

In early 2021, the Massachusetts Commonwealth Dispensary Association (CDA) filed a lawsuit against the state’s Cannabis Control Commission (CCC) to block a new type of delivery license created by the agency in autumn of 2020. 

The new license is an attempt to increase the number of minority-owned operators in the state’s fledgling cannabis industry.

What angered some members of the CDA was the CCC’s decision to make the delivery and courier-style license only available to applicants in social equity programs for the first three years.

In other words, all the state’s existing dispensaries would be barred from delivery until at least 2024.

The CDA has since withdrawn their lawsuit, stating that many of its members had pressured them to drop the case.

Fri
14
May
Fri
14
May

Missouri's Cannabis industry hits high revenue numbers

Promoters of Medical Cannabis in Missouri said the fledgling business continues to see major success.

Medical Cannabis officials said dispensaries seem to be the only business without a hiring problem.

In fact, they are dealing with the opposite, too many people want to work there.

They said Missouri dispensaries are setting records for tax revenue and it's only going to get better.

The spokesperson for Missouri Medical Cannabis Trade Association, Jack Cardetti, said the revenue has been massive.

Thu
13
May

States Pushing Cannabis Operations to Be More Friendly to the Earth

Following the celebration of both 4/20 and Earth Day, it brings an opportunity to take a good, hard look at the environmental impacts of the cannabis industry as well as legislative responses to those challenges. Resource use and extraction, air and water quality, and waste management are just a few of the environmental issues confronting indoor, outdoor, and greenhouse cultivation operations. Worth a staggering $61 billion, the cannabis industry is profiting heavily from its current practices, so it stands to reason that legislators are looking to heightened restrictions, green incentives, and higher permitting and licensing fees to offset some of the environmental costs of production and manufacturing.

Thu
13
May

Branding Pays off for Marijuana Companies

As the recreational marijuana industry expands and matures, branding will be a vital strategy for companies vying for market share. Companies that build identities that resonate with consumers while fulfilling their needs will continue to grow – even once the industry’s rapid expansion eventually slows. Building brands that connect to buyers takes time. But that work is already paying off for some companies in California, Colorado and Washington state.

Wed
12
May

Minorities fight for racial equity, legalization from within the marijuana industry

Nearly a decade ago, Linda Greene was having dinner with some of her friends when she heard that marijuana had been legalized for medicinal use in Washington, D.C. Having lived through the 1960s counterculture, she saw an opportunity.

Greene opened Anacostia Organics in 2019. The push to open the medicinal marijuana dispensary began after Greene saw that of the 15 original cultivator and dispensary licenses issued by the district’s Department of Health, none had been awarded to residents of the U.S. capital, and only two had been awarded to people of color.

Wed
12
May

The Best Cannabis Stocks To Buy In 2021? These Have Long Term Potential

Top Cannabis Stocks In 2021

In 2021 marijuana stocks and the cannabis market have continued to show investors the growth potential in the sector. With most leading cannabis companies reporting significant revenue growth in 2020 and guidance for 2021 showing higher revenue the industry is expanding rapidly. In general, top cannabis stocks have shown some upward momentum so far in May. Next week many leading cannabis companies will report first-quarter 2021 earnings, and this could be a catalyst for the cannabis sector.

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