Marijuana Business News

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stocks
business
Tue
25
Sep

NH industry worries customers will go to Mass. to buy marijuana

With Massachusetts' first recreational marijuana dispensaries poised to open in a matter of weeks, some in New Hampshire's medical pot industry worry that patients will begin heading across the border for their medicine.

The number of qualified medical marijuana users has increased steadily - from 2,089 in April of 2016, when the first Granite State dispensary opened, to 4,753 at the end of 2017 - but access to the drug has remained a concern.

The New Hampshire Legislature expanded the program by adding chronic pain and Post Traumatic Stress Disorder (PTSD) to the list of conditions for which doctors can recommend marijuana and it passed legislation last session that will allow two more dispensaries to open in parts of the state that advocates say are underserved.

Tue
25
Sep

NYC to hold public meetings on marijuana legalization

New York state is hosting three publiclistening sessions this week in New York City to gather input on proposals to legalize recreational marijuana.

The meetings are scheduled for Monday in Queens, Tuesday in Brooklyn and Wednesday on Staten Island. Several listening sessions have already been held upstate, and more are planned throughout the state.

On Friday two more in Westchester and Suffolk counties were added to the calendar for October.

Democratic Gov. Andrew Cuomo and state lawmakers are expected to take up proposals to legalize and regulate marijuana next year. State officials say the listening sessions will help guide them as they work out the details of the legislation.

Tue
25
Sep

How big is the case to stop medical cannabis patients from driving?

If doctors take away driving licences from medical marijuana patients, would their ‘caution’ be discriminatory when other patients on other forms of medication are treated differently?

The Superintendence of Public Health has instructed doctors to consider each patient eligible for medical cannabis for their driving ability when under the influence – a situation that could result in these patients having to choose between their marijuana prescription or their driving licence.

Tue
25
Sep

Canadian cannabis companies invest millions in Pablo Escobar's home turf in Colombia

Producing a gram of cannabis in Colombia costs 5 cents, compared to about $1.50 in Canada.

Near the hometown of the late Colombian kingpin Pablo Escobar, a growing number of Canadians are seeking their fortunes in the international drug trade. Today, however, they're doing it legally.  

At least seven licensed Canadian cannabis producers have set up shop in Colombia, investing more than $100 million in the conflict-hit country that has become a new frontier in the legal marijuana business, according to a review of company filings.

"We understand the pain of the war on drugs. That war was here," said Bibiana Rojas, managing director of Spectrum Cannabis Colombia, a subsidiary of Canopy Growth, one of Canada's largest marijuana firms. 

Mon
24
Sep

Estée Lauder is the most recent cosmetic company to infuse cannabis in their products

Estée Lauder is the most recent and one of the biggest cosmetics companies to make the move into cannabis cosmetics, a quickly growing product category in the cannabis industry.

Origin, one of the Estée Lauder brands, launched a face mask just last week called “Hello, Calm”. This skin mask is infused with cannabis sativa seed oil from hemp. Currently, it’s available exclusively on Sephora’s webstore.

Origin’s global general manager, Julie Van Ongevalle told Glossy that the brand has been discussing cannabis-infused cosmetics for a while but decided that this was the time to finally launch a product.

Mon
24
Sep

Marijuana stocks hope this will make their shareholders rich

Advocacy for the cause has paid dividends already and will continue to do so. Investors always like winning stocks, and over the past month, the most fertile ground for big winners has come from the marijuana industry.

Mon
24
Sep

Wall Street’s marijuana madness: ‘It’s like the internet in 1997’

Tilray, a startup with just $20 million in first-half revenue, was briefly worth $20 billion during a wild ride last week.

Shannon Soqui just quit his Wall Street job to go after what he thinks is a bigger business: selling marijuana the way Mary Kay Inc. sells cosmetics.

The 51-year-old banker wants to focus on Qind, his San Francisco startup that organizes home parties to sell cannabis products, to get a piece of what he says could sprout into a $100 billion annual business in the U.S.

Mon
24
Sep

Which of the big cannabis companies has a better competitive advantage?

So far, nine states in the U.S. and the District of Columbia have legalized cannabis for consumer use and 31 states allow the medical use of marijuana. In addition, the date of the legalization of recreational marijuana in Canada is fast approaching on October 17.

It’s not just North America, either. With a growing population with legal access to marijuana around the world, the cannabis industry looks like it’s here to stay.

If you’re thinking of investing in the group, keep in mind that the stocks have been no less of a roller coaster ride. Buying on big dips and selling on pops can be very profitable, but deciding on how big of a dip to buy may be more art than science.

Mon
24
Sep

Working while high? Not really a thing, it turns out

Since Colorado legalized marijuana, the state has become a popular destination for so-called weed tourists. Johnny Welsh, a writer and bartender in Frisco, Colorado, a Rocky Mountain town near Vail, remembers when he would have the entire fall off work. "The restaurants closed, and you could travel the world," he told MoneyWatch, somewhat wistfully.

But while the tourists might be there to consume recreational pot, the same isn't true for the workers. Despite generally loosening standards, Coloradans aren't showing up in droves for work while high, according to drug-test data.

Mon
24
Sep

Maine investigates restaurant that gave lobsters marijuana

Restaurant owner says blowing smoke over lobsters is meant to lessen their suffering before they are dropped in boiling water.

State health inspectors are investigating a Maine restaurant that tried to mellow out lobsters with marijuana before killing them to be served, cracked and eaten.

The Portland Press Herald reported that Charlotte’s Legendary Lobster Pound in Southwest Harbor remains open but has stopped allowing customers to request meat from lobsters sedated with marijuana.

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