Marijuana Business News

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stocks
business
Mon
08
Jun

$40k+ Will Buy You a License to Grow Cannabis in Zimbabwe

As Africa’s second country to change its laws about cannabis cultivation in order to enter the growing global medical marijuana industry, Zimbabwe is setting up to be one of the world’s largest hubs for production of all kinds of cannabis products.

It’s no secret that African countries have woken up quickly to the rapidly growing cannabis industry with a focus on medicinal products. In a matter of just a few years, countries that have for nearly a century held laws completely prohibiting the cannabis plant in all ways, practically overnight opened up their countries to legally cultivate cannabis commercially.

Mon
08
Jun

Dark Web Marijuana Sales Soar During Pandemic

The continued global crisis makes it difficult to know how black-market consumer behavior will change in the future.

The coronavirus pandemic caused an uptick in doomsday hoarding behavior, with Americans stocking up on toilet paper, frozen poultry, and hand sanitizer. They also bought a bunch of marijuana.

Previous data showed legal cannabis sales skyrocketed when Americans became serious about the pandemic around mid-March. But now we have a better idea of how COVID-19 affected black market sales.

Mon
08
Jun

Are Amazon, Uber, etc. the future for delivering post-pandemic cannabis?

It’s hard to say where we are in the COVID-19 pandemic right now, as infections and deaths continue to rise. But there have been movements in the cannabis industry that are changing the way the industry operates amid the pandemic that may stay post-pandemic.

Being allowed to operate as an “essential” business in the U.S. — which had a few bumps in the road between including both medical with recreational as essential businesses in states such as Colorado (that state quickly changed and added recreational) and Massachusetts — was one positive result that gave the industry some needed respect.

Sales have been strong, and delivery options were expanded as well.

Fri
05
Jun

Will These Marijuana Stocks Start To Rebound?

As Canada and the U.S. work to get their cannabis industries back on track, several marijuana stocks have been highlighted for a potential rebound. In the wake of the coronavirus, we have seen demand only continue to go up in the face of adversity. But, as marijuana stocks work to face increasing demand, only a few companies have been deemed as having a large amount of future potential. In both Canada and the U.S. we have seen companies work to up the supply of cannabis that they are producing.

Fri
05
Jun

Michigan Dispensaries Offer Discounts To People With Cannabis-Related Convictions

Three Michigan provisioning centers have teamed up to offer a unique discount program geared specifically toward people caught up in the trap of marijuana prohibition.

They are calling it the “Redemption Discount.”

People convicted of marijuana-related felonies will get a 10% discount, while those convicted of marijuana-related misdemeanors will get a 5% discount at the following cannabis provisioning centers:

Fri
05
Jun

Monthly Cannabis Sales in Oregon Topped $100 Million for the First Time Ever

Oregon cannabis sales reached another milestone in May, topping $100 million for the first time since recreational use was legalized in 2015.

According to data from the Oregon Liquor Control Commission, total sales for the month were $103 million—a 15 percent jump from April, and a 60 percent increase from this time last year.

Fri
05
Jun

5 Crucial Questions To Ask Before Applying For A Cannabis License

“This is a lot harder than anything we’ve ever done.” 

This is a common refrain among our clients about the months-long cannabis licensing process. These are not newcomers to the business world, either—they're serial entrepreneurs who are stepping into the cannabis industry well-prepared and equipped. But little could prepare them for the realities of the expensive and complex process of applying for cannabis business licenses. Although these clients ultimately won licenses, it required a lot more work than they expected.

Fri
05
Jun

List Of Cannabis Dispensaries Affected By Civil Unrest Grows

As protests and civil unrest sparked by the death of George Floyd while in the custody of Minneapolis police continue in cities across the country, cannabis dispensaries from coast to coast have been the target of looters and organized thieves.

Fri
05
Jun

The Role Marijuana Legalization Can Play In Fighting Racial Injustice

Though NORML said marijuana legalization will not solve racial injustice in America, the organization believes it can be “an important part of this emerging discussion.”

The National Organization for the Reformation of Marijuana Laws (NORML) released a statement this week detailing how marijuana advocates can play a role in enacting racial justice in America. Following George Floyd’s death at the hands of Minneapolis police, voices across the nation have protested against police brutality and policies that disproportionately target communities of color.

Fri
05
Jun

3 Cannabis Stocks to Avoid Like the Plague in June

For years, marijuana stocks were viewed by investors as the greatest thing since sliced bread. With the legal pot industry generating $10.9 billion in worldwide sales in 2018, and Wall Street suggesting that annual global sales could hit $50 billion to $200 billion by 2030, investors figured they had a surefire winner on their hands.

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