Marijuana Business News

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Fri
09
Apr

Cannabis Company Helping People Expunge Prior Con­vic­tions

Working in the cannabis industry is more than just a job for Destiny Perez. It's a passion.

Her current employer, Catalyst Cannabis Co., is one of the only employers to look past her previous marijuana charges.


 

"Four cop cars pulled me over in an Uber, scared my Uber driver. He thought I robbed the place or something. But honestly, all I did was close up a dispensary that was technically not legal," Perez said.

Perez received two charges that day over three years ago. In fear of seeing a conviction on her record, she has avoided the legal process. Her charges have now turned into warrants that continue to hang over her head.

Fri
09
Apr

How New York Cannabis Legalization Prioritizes Equity

As many states are doing, New York fully embraced the concept of social and economic equity by setting a target goal of 50% of licenses issued to social and economic equity applicants.

After years of fits and starts, New York finally legalized adult-use cannabis and expanded its previously restrictive medical cannabis program. As the nation’s third largest economy and fourth most populous state, New York has the opportunity to set the gold standard for state cannabis industries.

Fri
09
Apr

How Much Are States Making In Marijuana Tax Revenue?

Cash-strapped governments around the country have found a silver lining in the pandemic-caused loss of tax revenue. Legalized marijuana has provided millions to state and local governments - in some cases, millions more than anticipated.

The ability to raise tax dollars has been a selling point for marijuana legalization from the beginning. Long before the state legislature approved adult-use sales, Illinois politicians hoped marijuana could help the state pay off some of its massive debt. Other states, such as Colorado, have used sales tax dollars to fund schools and public improvement projects and programs.

Fri
09
Apr

States Keep Repeating the Same Mistake With Marijuana Legalization

In the 50 years since President Richard Nixon initiated the war on drugs, politicians of both major parties have endorsed aggressive police tactics and harsh punishments to combat substance abuse, and minority communities have disproportionately suffered. Black Americans are several times more likely than whites to be arrested for low-level marijuana offenses, despite comparable usage rates.

Fri
09
Apr

Thai government aims to ride high on global cannabis wave

Thailand will celebrate World Cannabis Day with a large convention in Bangkok, as the kingdom further relaxes laws regarding the use of hemp in food and cosmetics products.

Some 50 booths will be set up for cannabis business owners to present their products and strategies. A networking event is scheduled on the first day, while a seminar with 14 industry experts will take place on the second day.

The second day of the event is on April 20, or 4-20, a number that has survived since the 1970s as a slang term for cannabis or using cannabis. The date also marks a global counterculture celebration of cannabis. This year, Bangkok will partake.

Thu
08
Apr

Colombia has made first legal shipment of cannabis to the United States

For the first time legally, Colombia exported to the US an extract with a high THC (tetrahydrocannabinol) content, the main psychoactive cannabinoid derived from cannabis and a controlled substance under international treaties.

On March 30th, the Colombian company NatuEra, a subsidiary of the Canadian Cronos Group, sent THC extract to the U.S. company Biopharmaceutical Research Company, which will use it for scientific research composition and safety of cannabis in vapor form. The results of this study will serve to guide the public policy discussions that are advancing in that country on the legalization of cannabis at the federal level through a responsible regulatory framework based on science.

Thu
08
Apr

Hemp Lexicon Released By AHPA

The American Herbal Products Association (AHPA) has published a lexicon to support the standardization of terminology used in the hemp industry.

As new industries develop, so does associated language and jargon. Sometimes words and terms used have different meaning when applied in other sectors, which can lead to confusion and mistakes being made.

Developed by a working group of the AHPA Cannabis Committee, the lexicon seeks to cover terms used in the cultivation, processing, manufacturing and labeling of hemp, and products derived from it.

Thu
08
Apr

This Surprising Projection Shows Why Big Tobacco Is Moving Into Cannabis

Cannabis companies haven't made many deals outside of its own industry, but a couple of the more notable ones have involved tobacco. Altria (NYSE:MO) invested $1.8 billion into Cronos Group (NASDAQ:CRON) back in 2018 to take a 45% stake in its business.

Thu
08
Apr

Most US hemp grain production happening in North Dakota, Montana and Indiana

Hemp cultivated for seed and grain comprised approximately ten percent of 2020 total U.S. acreage, approximately 14,000 acres, according to data provided by Hemp Benchmarks.

By comparison, Canadian cultivators grew more than five times that acreage, beyond 75,000 acres, the vast majority of which were exported to the United States.

Thu
08
Apr

This Is Why Investment in Cannabis Tech Is at Its Highest Level since 2019

People used cannabis in large numbers during the height of the lockdowns caused by the pandemic. Investors, including big-name celebrities and well-known venture capital funds, are banking on that trend to continue as the pandemic lessens its hold on the country.

The interest in cannabis became apparent the moment lockdowns began as long lines formed at dispensaries. Many governments named cannabis dispensaries as essential businesses. Cannabis sales jumped 45 percent. Investors took notice.

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