Marijuana Business News

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Mon
18
Nov

Thailand speeds up passage of laws permitting personal cannabis cultivation

Thailand is ready to accelerate its fledgling medical marijuana program. 

Anutin Charnvirakul, the country’s health minister, said Wednesday that the government will now permit household cultivation of six cannabis plants in an effort to bolster supplies for medicinal products, and provide another potential cash crop for people there.

Sun
17
Nov

Many former elected officials and public employees have made their way to the marijuana industry

Nevada’s system of regulating marijuana was born in the halls of the Legislature. So perhaps it isn’t surprising that many who wander those halls, sit through hours of hearings to develop a regulatory structure and stay current on the latest twists and turns of cannabis law wind up involved in the industry themselves.

Records released through SB32 this spring reveal a number of former lawmakers and lobbyists on the list of owners and board members of marijuana companies. Among them are two who reached speaker, the highest post in the Assembly, but had become lobbyists by the time the Legislature authorized dispensaries.

Sun
17
Nov

Moisture matters: Why humidity can make or break a cannabis cultivator's bottom line

Vintners have known for centuries that every step in the winemaking process—from cultivation and harvest techniques to fermentation, aging and bottling—has immense impact on the quality and value of the final product.

And that same level of scrutiny is now being applied to cannabis production.

As someone who has worked in the consumer-packaged goods (CPG) space for decades, I’ve been interested in finding out how post-harvest storage and packaging affect the quality and value of cannabis flower. After digging into the issue some more, storage conditions and humidity levels have indeed come into focus as major factors, beyond just the challenges of preventing mold.

Sun
17
Nov

Hemp advocates express concerns over USDA Interim Production Rule

From food, to clothing, make-up and construction materials.

Hemp has been used and produced in the U.S for hundreds of years.

Due to federal regulations, the market went dark in the 1950's and according to 'Vote Hemp' President Eric Steenstra, it only recently made a comeback.

“There’s literally thousands of products,” said Steenstra. "I just think there’s a real potential to see this become a real crop again.”

Hemp production became legal, federally, under the 2018 Farm Bill. Congress left it up to the states to choose to outlaw hemp production completely, regulate their own local producers, or to let the USDA call the shots.

Sun
17
Nov

In pursuit of big profits, hemp growers blaze a perilous new path in Northwest agriculture

On a foggy November day, farm workers take clippers to a field of bushy green plants, snipping tops full of flower buds dotted with flecks of sticky resin.

By the end of the day, the cuttings dry inside a southeast Portland warehouse, hanging  from tall plastic trellises like aromatic curtains.

Sat
16
Nov

21 medical marijuana facilities approved in Grand Rapids so far

Grand Rapids officials have approved plans for 21 medical marijuana facilities in the city so far with about two dozen more awaiting review.

The latest approvals in recent weeks were all from the same company, Green Skies-Healing Tree LLC.

The Grand Rapids Planning Commission on Thursday, Nov. 14, unanimously approved Green Skies’ application for a dispensary at 715 Michigan St. NE, about half a mile east of the Medical Mile.

Two weeks before, planning commissioners approved Green Skies’ plans for dispensaries at 2301 44th St. SE, near Breton Road, and 4162 Eastern Ave. SE, near 44th Street.

Fri
15
Nov

Are marijuana stocks worth it?

Only a year ago, we saw the majority of pot stocks in the industry rise alongside the whole of the market. It seems as though the most recent volatility has all but shifted that notion. The current state of pot stocks seems to remain highly volatile, but it does look like the industry is on its way to maturing. Currently, pot stocks are still very much in their infancy. This means that the rampant price swings are quite common amongst the whole of the market.

Fri
15
Nov

Stock market today: Cannabis gets crushed

It was another quiet session for the stock market today. U.S. equities hovered close to break-even, while volatility remains low. To put it simply, investors aren’t willing to part ways with their stocks, even as they sit around all-time highs.

However, that didn’t mean Thursday went by without drama. Much of it was seen in the cannabis space.

Cannabis Goes Up in Smoke

Cheesy pun aside, the cannabis space took a beating on Thursday. Leading the decline was Canopy Growth (NYSE:CGC), which fell more than 14% at one point and hit new 52-week lows.

Fri
15
Nov

Farmers struggle as hemp harvest winds down

. Ajit Singh strode across his 16-acre hemp field toward a broken-down harvester. He'd been hoping all day that the mechanic now crouched beside the machine could get it back up and running.

It was late October and Singh still had thousands of stinky green and purple cannabis plants across 425 acres to pick, dry and sell before winter. Like many hemp growers here in Jackson County, Ore., he was harvesting slowly, facing a mold problem and unhappy with prices offered by potential buyers.

"We want a better price," said Singh, a soil scientist and former garden store owner and, he said, he was prepared to hold out for one. He sold 50 acres of hemp for $70 a pound last year and now was being quoted prices less than half that.

Fri
15
Nov

Top 6 growing pains in California’s cannabis marketplace

Every state that’s legalized cannabis for adults 21-and-up has faced that moment or even series of moments that threatened to really derail or seriously stymie market development. California is at that crossroads and has been almost from the outset of the first issuances of cannabis licenses back in January 2018. California will, of course, eventually and sufficiently deal with its myriad of cannabis issues, but right now there are a select few that are really affecting licensed businesses and the success of this important democratic experiment. In no particular order, my top six (current) threats/growing pains to the development and success of California’s cannabis marketplace are:

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