Marijuana Business News

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Tue
07
Sep

Illinois to Hold Lottery Specifically for Those Kept Out of the Industry

chicago landscape

Illinois plans to hold an extra licensing lottery to give the applicants left out of the process another chance.

Illinois will launch a new lottery program specifically for the six applicants who did not make it, so that they will now have another shot at winning and being able to operate their own recreational cannabis stores. This official new lottery was announced this past Friday, and it already has the new market buzzing with possibilities. 

Tue
07
Sep

3 Growth Stocks Under $50 That Could Double Your Money

chart of cannabis stocks

 

You won't need much upfront cash to buy these promising growth stocks.

Lots of investments can double your money. Some of them require huge amounts of upfront cash. Many also require a long time to provide that 100% return you want.

There are some investment alternatives, though, that don't need a hefty initial amount and don't take an agonizingly slow period to grow. Here are three stocks you can buy for under $50 each that could realistically double your money over the next five years.

Tue
07
Sep

Marijuana Sales In US Hit $1.4 Billion Over Last 90 Days

cannabis leaf on US money

Which state sold the most weed in America in the second quarter?

With a total of $1.4 billion in taxable cannabis sales in the second quarter, California takes the lead as the state with the highest sales of weed in the United States of America.

This wouldn't come as a surprise to the majority, as California has always been at the forefront of the cannabis Industry in the country.

From being the first state to approve the medical use of marijuana in 1996, to now hosting some of the biggest cannabis farms and dispensaries in the country.

Cannabis Sales In The U.S.

The cannabis industry makes revenues worth billions of dollars from the states that have legalized either or both the use of recreational cannabis and medical cannabis.

Tue
07
Sep

Nonprofit Works To Break The ‚ÄėGrass Ceiling‚Äô In Missouri Cannabis Industry

cannabis plant

A new nonprofit based in St. Louis, called We Are JAINE, plans to connect women in Missouri's cannabis industry with resources and mentorship opportunities.

 

Missouri’s cannabis industry is taking off, but few women are running the companies fueling that growth. A new nonprofit based in St. Louis, We Are JAINE, aims to change that.

Tue
07
Sep

Farmers swap cattle for cannabis as north east becomes ‚Äėhemp haven‚Äô

Hemp is being trialled by local farmers throughout Aberdeenshire and Angus.

The north east is gradually becoming an unlikely centre of the hemp-growing industry.

A variety of the cannabis plant, hemp is being trialled by local farmers throughout Aberdeenshire and Angus and grown specifically to make a wide range of products.

The Scottish Hemp Association hope a successful harvest could prompt more in the area to follow suit.                                              

Twelve months ago there was only around two known farms in the country, but there’s been a drive this year for more and now there’s over ten in the north east alone.

Fri
03
Sep

Cannabis firms catch a whiff of opportunity in Brazil

man holding Brazil flag at soccer game

 International cannabis companies are showing interest in Brazil, both its large consumer market for medicinal products and a proposal that could legalize planting of the crop.

Major producers like Colombia’s Clever Leaves and Canada’s Canopy Growth are developing and selling medicinal cannabis products to a Brazilian consumer segment estimated at 10 to 13 million people. This results from a 2019 regulatory change allowing the import, sale and manufacturing of such products.

But permission for cultivation of hemp and cannabis in Brazil would be a bigger prize. If granted, the industry could blossom in four to five years, based on the experience of other countries such as Colombia.

Fri
03
Sep

With Pot Opt-Outs, NJ Towns Keep Residents From Entering Business

cannabis store

Municipalities in New Jersey that opt of allowing legal marijuana sales within their borders don’t just block such businesses. They could keep residents from establishing businesses in the industry at all.

The rules adopted for the recreational adult-use marijuana by the state Cannabis Regulatory Commission have been largely applauded, and a Wednesday online forum hosted by the Stockton University Cannabis & Hemp Research Initiative was on different.

Fri
03
Sep

The Ohio Hemp Co. focuses on research, leadership with new crop

hemp at sunset

The founders of The Ohio Hemp Co. weren’t always planning on growing hemp. In 2018, Justin Helt and TJ Richardson were talking about starting a craft brewery, after they returned to Ohio after both studying at universities in Kentucky.

But with Helt‚Äôs family background ‚ÄĒ he comes from a long line of farmers, and his grandfather, Jim Helt, is in the Ohio Ag Council‚Äôs hall of fame and the state fair hall of fame ‚ÄĒ they thought they might do better in a support role, providing the crops that breweries need to make their craft beer. So, they started looking into hops.

Thu
02
Sep

Merrill Mellows Approach to Marijuana-Related Businesses

cellphone

Revisiting the firm’s approach to clients with marijuana-related businesses ranked among a handful of initial items that Merrill Lynch Wealth Management executives have tackled in their Project Thunder initiative. The campaign, launched last week, is aimed at addressing frustrations and pain points endured by the brokerage’s financial advisors.

Merrill executives unveiled plans for ‚Äústreamlining‚ÄĚ and adding more ‚Äúflexibility‚ÄĚ to the process of onboarding clients who own or invest in marijuana-related businesses, as part of the new initiative, according to an internal message sent by the executives to advisors on Wednesday.

Thu
02
Sep

Medical Marijuana, Inc. Subsidiary Kannaway Launches in Hong Kong

Hong Kong street signs

Medical Marijuana, Inc. (OTC: MJNA) (the ‚ÄúCompany‚ÄĚ), the first-ever publicly traded cannabis company in the United States that launched the world's first-ever cannabis-derived nutraceutical products, brands and supply chain, announced today that the Company‚Äôs subsidiary¬†Kannaway¬†has launched its operations in Hong Kong.

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