Marijuana Business News

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Thu
19
Aug

Tennessee’s Hemp-Heavy History

hemp field

The state of Tennessee has a rich past — and promising future — with the cash crop

Tennessee has been a hemp state for a lot longer than it hasn’t been one.

The versatile plant was already a major cash crop in the United States by the time Tennessee joined the union in 1796, and pioneer families who’d had success with it brought it across the Applachians from Virginia and the Carolinas. Producing hemp was critical at a time when ships were the primary conveyances of commerce, as its tough fibers are perfect for making sails and lines, and farmers could cash in with both government and private commercial supply contracts.

Thu
19
Aug

Britain's legal cannabis market booms on Covid demand

holding a pipe

Britain's legal cannabis market has boomed during the coronavirus pandemic to become the second biggest after the United States, as consumers rushed to alleviate Covid-linked symptoms, industry experts say.

Cannabidiol or CBD, which is most commonly sold as oil at high street retailers, is one of the active ingredients of non-psychoactive cannabis.

CBD is touted as have relaxing and anti-inflammatory properties, but experts argue the market has long suffered from questions about its efficacy and a lack of regulation.

Thu
19
Aug

Medical Cannabis Portal Launched For U.S. Veterinarians

veternarian holding dog

The Veterinary Cannabis Society (VCS) has launched a website and educational portal for veterinarians, pet owners and cannabis product companies.

The use of cannabis as part of pet care is exploding in popularity. But there’s a lot of confusion and misinformation out there. Like anything, the cannabis pet care sector has its share of dodgy characters and claims. At best, some products are a waste of money. At worst, they can have a negative impact on pets – and in some cases have caused death.

Thu
19
Aug

The Future Of These Marijuana Stocks Looks Promising Here’s Why

stock charts on a mobile phone

As of the 18th of August, things are looking a bit better for cannabis stocks. Although the market has been down for some time it’s been more volatile. Which in comparison to the downtrend that occurred from mid-February to the end of April more overall action has been taken place. With the sector looking a bit more green some shareholders were able to make some profit on the 18th of August.

Thu
19
Aug

U.S. cannabis insurers get ready to roll as federal legalization nears

marijuana plants

Insurers are quietly gearing up for a potential ten-fold increase in sales to the booming $17.6 billion-a-year cannabis industry as Congress inches closer to legalizing pot at the federal level.

While 36 U.S. states and the District of Columbia have legalized cannabis for medical or recreational use, insurance for growers, testing labs and retailers is being held in check largely by strict federal laws that criminalize pot alongside heroin, methamphetamine and LSD.

U.S. legal cannabis sales jumped 45% last year and are expected to hit $41 billion in 2026, Colorado-based research firm BDSA said.

Thu
19
Aug

Marijuana delivery starts in Denver Thursday with a soft launch

denver city skyline

The Strawberry Fields dispensary in Denver plans to kick off a soft launch of its marijuana delivery services on Thursday, alongside transporter business DOOBBA. 

 

The dispensary plans to officially start delivery on Monday.

“We are super excited to be the first in Denver. We are ready to crush it and make it our own and hopefully lead by example for others that follow,” Strawberry Fields COO Faline Vanlandschoot said. 

This summer, marijuana delivery became legal in Denver. So far, a total of six dispensaries or medical marijuana facilities have been licensed, according to city data.  

Wed
18
Aug

MediPharm Labs Receives Export Authorization to Ship Medical Cannabis to Brazil

landscape image of brazil

MediPharm Labs Corp. (TSX: LABS) (OTCQX: MEDIF) (FSE: MLZ) (“MediPharm Labs” or the “Company”) a pharmaceutical company that specializes in cannabis, is pleased to announce that it has received approval to ship medical cannabis oil to Brazil. This approval, issued by both ANVISA and Health Canada, allows initial shipments to patients for the Company’s partner XLR8. The shipment is a crucial milestone for the Company in using its pharmaceutical Good Manufacturing Practices (“GMP”) platform for international manufacturing and distribution.

Wed
18
Aug

Humboldt County Offers Support Program for Cannabis

view of mountain landscape

Humboldt County just offered a support program for its cannabis growers at a critical time for the industry.

Bedeviled by the ever-falling price of cannabis, growers in Humboldt County, California have been offered a lifeline by local officials.

Wed
18
Aug

Hawaii Interim Hemp Rules In Effect

hemp field

Hawaii’s Department of Health last week adopted interim rules for hemp processors and products – and not everyone is happy.

The rules, which came into effect on August 9, prohibit a bunch of hemp-derived products including:

  • Hemp products for oral consumption other tablet, capsule, powder, softgel, gelcap or liquid form
  • Foods and beverages containing CBD and other cannabinoids.
  • Eliquids for vaping
  • Products for smoking
  • Products that are administered via non-oral routes.

Additionally, products must be tested by a qualified lab and there are various other regulatory and record-keeping requirements needing to be observed.

Wed
18
Aug

5 Cannabis Stocks That Are Better Picks Right Now Than Sundial Growers

laptop showing graphs and charts

Key Points

  • These five cannabis stocks have better growth prospects than Sundial because they already operate in the lucrative U.S. cannabis market.
  • All five continue to deliver much stronger revenue growth than Sundial and are either profitable or closer to profitability than Sundial is.
  • Four of the five sport more attractive valuations than Sundial does.
 

Seven pot stocks rank among the 100 most popular stocks on Robinhood's (NASDAQ:HOOD) trading platform. But only one of them is in the top 10 on the list -- Sundial Growers (NASDAQ:SNDL). Actually, Sundial claims the No. 4 spot, beating out quite a few larger and more successful companies. 

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