Marijuana Business News

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stocks
business
Mon
16
Aug

Beyoncé Announced Her Next Move: Build a Cannabis Farm

Global entertainment icon Beyoncé Knowles-Carter is spreading her wings and entering the cannabis industry. The R&B queen announced that she is building a hemp and honey farm to obtain her own CBD.

Mon
16
Aug

The ‘South Park’ Creators Might Use Part Of Their $900 Million Payday To Start A Real-Life Tegridy Farms Weed Business

While South Park creators Trey Parker and Matt Stone may have hit a roadblock in their attempt to buy Casa Bonita, the real-life Colorado Mexican restaurant that appeared in a famous episode of their Comedy Central show, they appear to have more South Park-adjacent plans for the $900 million deal they snagged from ViacomCBS to make more seasons of (and more than a dozen films based on) their longrunning show.

Stone spoke to Bloomberg about the new deal over the weekend and detailed how things will change for them creatively now that they have this infusion of cash. He also spoke about other things they’re going to do with all that money, which starts with a new video game they’re making themselves and also includes a few other Park-related ventures.

Mon
16
Aug

U.S. cannabis firm PharmaCann plans IPO as New York weed legalization lifts demand

marijuana leaf

PharmaCann, one of the 10 original cannabis licensees in New York, has confidentially filed for an initial public offering that could value it at well over $1 billion, sources familiar with the matter told Reuters.

The planned IPO would help PharmaCann raise funds before New York state begins recreational weed sales, expected sometime next year. The IPO could take place this fall, one of the sources said.

PharmaCann, which operates in five other U.S. states, is likely to seek to dual-list its shares on the Canadian Securities Exchange and for over-the-counter trading in the United States, one of the sources said.

Mon
16
Aug

A Garden Supply Stock With a Fast-Growing Cannabis Patch

planting

A little-known organic garden center supplier has outpaced the likes of Amazon and Netflix on the stock market throughout the pandemic. Knotty cannabis laws should continue to fertilize its growth.

Nasdaq-listed GrowGeneration owns a chain of 58 stores across the U.S. that sell “hydroponic” equipment including the heat lamps and trays needed to grow plants indoors without soil. The gear can be used for trendy organic vertical farming. But most of GrowGeneration’s business is done with cannabis growers, including everyone from big U.S. cultivators to home-grow enthusiasts.

Fri
13
Aug

Cannabis CEOs signal confidence on marijuana banking law passing

Marijuana advocates have been stacking victories over the last few years at the state level with nearly 20 U.S. states having now approved adult recreational marijuana use.

But even as momentous as those changes have been, reform at the federal level has proved elusive — until now, if you trust the confidence coming from the leaders of America's largest cannabis companies.

Fri
13
Aug

Using Hemp To Build Bridges Between Canada And China: The Mary AG Story

Despite frosty international relations, one company is using hemp to build bridges between Canada and China.

Mary AG signed a memorandum of understanding this week to create an in-depth partnership with CBDer Biotechnology.

The partnership marks Mary AG's first application of farm-level technology, taking its knowledge in automated systems and applying that expertise to a holistic, controlled growing condition that incorporates automated plant health assessment.

Mary AG's joint ventures Yunnan Moquan and CBDer are currently the only companies licensed for indoor industrial hemp cultivation in China's one and only legalized province for cannabinoid extraction.

Fri
13
Aug

Medical Cannabis Market In-detail Analysis till 2027 & COVID-19 Effect on Industry

The latest research report on Medical Cannabis market takes the reader through every crucial aspect that impacts the trajectory and the current industry data and upcoming trends of the industry. The universal Medical Cannabis market analysis report gives us an in-depth overview of the research trends for the financial year 2021. This report studies the Medical Cannabis industry on various parameters such as the raw materials, cost, and technology and consumer preference. It also provides with important market credentials such as the history, various expansions and trends, trade overview, regional markets, trade and also market competitors.

Fri
13
Aug

Hemp growers confront water challenges on top of oversupply

Cannabis growers in the American West haven’t escaped the massive water shortages this year that have forced farmers growing crops such as almonds and blueberries to rip out plants or let them die in the field.

The drought is depressing hemp acreage and worsening reports of water theft by illicit marijuana growers.

“It’s just a hot mess out there, to put it mildly,” said John Nores, special operations lieutenant with the California Department of Fish and Wildlife, who told Hemp Industry Daily that water theft in his state this year has never been so severe.

Fri
13
Aug

Seth Rogen is coming to TechCrunch Disrupt to talk about weed business

TechCrunch is thrilled to announce Seth Rogen is coming to TechCrunch Disrupt this September. The movie-star-turned-pot-businessman is speaking on his latest venture: Houseplant, his privately funded entrée into the cannabis business.

Houseplant made a big splash when it launched in 2021, and it continues to get a lot of attention in the noisy world of cannabis. But, of course, having Seth Rogen involved helps keep the company relevant.

Fri
13
Aug

Opinion: Does the cannabis industry have a double standard with science?

The gateway theory is not necessarily a concept that ensures a person who uses weed today will shoot heroin tomorrow.

The cannabis industry seems to be moving across the U.S. with the power of a Mack Truck screaming down the highway with a sign on the back that reads, “red-eye express.”

The business of growing and selling weed has matured into a multi-billion-dollar operation, despite the lack of support from the federal government and the fact that about 70 per cent of those surveyed think the business should be taxed and regulated like alcohol and tobacco.

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