Marijuana Business News

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Thu
22
Jul

What Is Rockwool And Why Is It A New Buzzword In The Marijuana Industry?

Aside from the fact that it prevents the multiplication of pathogens, it also helps the seeds germinate, thus facilitating good drainage.

Rockwool is a fantastic method for growing marijuana. With Rockwool, you can have the strain you choose through the cannabis cycle as growers of all levels utilize different hydroponics for harvesting heavier yields. If you haven’t tried Rockwool, it is time to hop on the trend.

Wed
21
Jul

New York Senator Introduces Cannabis Cultivation Bill

Senator Jeremy Cooney of New York introduced a bill on July 20 that would build upon the state’s recreational cannabis law with a focus on getting cultivation up and running.

Wed
21
Jul

Major Federal Cannabis Reform Could Be on the Way: Time to Load Up on Marijuana Stocks?

Key Points

  • Senate Majority Leader Chuck Schumer recently unveiled proposed legislation that would decriminalize marijuana at the federal level.
  • This bill would likely provide a huge catalyst for many marijuana stocks, but passing the bill in the Senate won't be easy.
  • Even if the proposed legislation fails, there are still some cannabis stocks worthy of investors' consideration.
In the quest to change U.S. cannabis laws, the House of Representatives hasn't been much of a problem. The challenge has always come with the U.S. Senate. 
Wed
21
Jul

Hemp organizations divided on delta-8 THC

Some U.S. trade groups are split on whether delta-8 THC should be marketed in hemp products.

The 2018 Farm Bill signed by former President Donald Trump legalized all hemp-derived cannabinoids, including delta-8 THC, according to the Hemp Industries Association (HIA).

In a June 22 press release citing a legal opinion drafted by its attorneys, the trade group called for a regulatory framework grounded in science that would prioritize consumer safety.

“Businesses, farmers and consumers all deserve regulations that support the exploration of the hemp plant’s full potential,” said Jody McGinness, executive director of HIA, in the news release. “This isn’t just about one minor cannabinoid—the list [of cannabinoids] is over a hundred already and growing.”

Wed
21
Jul

Does New Mexico have enough water for cannabis?

Where some see desert, Cid and Medina Isbell see opportunity.

Standing on a plot on their 30-acre property just north of Madrid, they envision a greenhouse full of cannabis plants where brush, sunflowers and cactuses now grow.

They are among many hopeful entrepreneurs who see New Mexico’s upcoming legal market for cannabis production and sales — set to launch by April 1 — as a way to break into a new business with a potential windfall. The Isbells already have raised $200,000 toward their initial budget of $800,000, and they’ve hired a lawyer to help sort out legal issues.

Wed
21
Jul

Women are Losing Power in Cannabis at an Alarming Rate

In October 2017 Marijuana Business released the results of a survey on women in the cannabis industry. The survey found that women held 37% of executive-level roles in the cannabis industry. This was a milestone that women throughout the industry celebrated with excitement and promise as many women leaders began to plot the path to achieving 50% in five years. 

Wed
21
Jul

How to Verify Your Cannabis Business Online

Legal marijuana sales in the United States topped a new record in 2020, with a total of $20 billion.

Cannabis businesses are having no problem finding a solid customer base across legalized states. However, that doesn’t mean the industry is without its challenges.

Dispensaries must deal with lingering social stigmas and keep up with changing laws. They also have limited banking options due to federal laws. Additionally, online verification of customers presents unique challenges.

Wed
21
Jul

The future of hemp-derived cannabinoids

The hemp industry has made momentous strides since Congress passed the first piece of federal legislation reintroducing American-grown hemp to the U.S. marketplace in 2014. Over the last half-decade or so, an industry has been birthed, resulting in nearly every state in the country passing some type of hemp-related legislation.

While every state—excluding Idaho, as of press time—has passed some type of law legalizing the cultivation of hemp, many states have also expressly authorized the use of hemp and hemp-derived ingredients, including cannabinoids, in various consumer products, from foods and beverages to cosmetics to pet products.

Tue
20
Jul

Tilray Executives Continue To Unload Shares Despite A Falling Share Price

stock charts

Following the closing of the merger between Aphria and Tilray, Inc. (TSX: TLRY) (Nasdaq: TLRY), former Tilray CEO Brendan Kennedy took a backseat to Irwin Simon who was appointed as CEO of the combined company. Originally viewed on Technical420

After the transaction closed, Tilray appointed Kennedy as a Director and a Board Member of the combined company and we are favorable on his decision to remain involved with the advancement of the Canadian Licensed Producer (LP).

Tue
20
Jul

Amazon endorsed legal weed. Will it now fight to make it happen?

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The company’s money and power could be a game-changer for federal cannabis policy.

When it announced its support for lawmakers’ efforts to decriminalize weed last month, Amazon didn’t just become the biggest company in America to back marijuana legalization, it captivated the cannabis industry in the process.

Now, as bills pushing legalization remain stuck in Congress, activists fighting for liberalized cannabis laws are hoping the e-commerce giant will take the next step and use its considerable D.C. muscle to help get them passed.

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