Marijuana Business News

Synonyms: 
stocks
business
Wed
01
Sep

Halo Collective Executes Definitive Agreements to Acquire Pistil Point Indoor Facility and Related Licenses in Oregon

Halo Collective Inc. ("Halo" or the "Company") (NEO: HALO) (OTCQX: HCANF) (Germany: A9KN) today entered into definitive agreements to acquire Food Concepts LLC, the master tenant of an approximately 55,000 square foot indoor cannabis cultivation, processing, and wholesaling facility in Portland, Oregon operated under the Pistil Point name (the "FC Acquisiton"), and the related licenses issued by the Oregon Liquor Control Commission ("OLCC") and other operating assets owned by the entities doing business as Pistil Point (the "Pistil Point Acquisition")). The FC Acquisition is expected to close within the next week upon the filing of articles of merger filed with the Oregon Secretary of State.

Wed
01
Sep

New grow facility opens in Iron County

women holding cannabis leaf

MC3 Botanicals, a women-owned company located in Mastodon township in Iron County, recently received its official license from the state of Michigan to operate the Class B grow facility. The license allows the business to cultivate up to 1,000 medical grade cannabis plants. MC3 is also in the process of obtaining a Class B recreational license.

Sherry Smies, Lisa Lesandrini and Susan Schuytema founded the company in 2018 in anticipation of Michigan voting to legalize recreational cannabis.

Wed
01
Sep

“It’s Gonna Be A Bloodbath”: Epic Marijuana Oversupply Is Flooding California, Jeopardizing Legalization

marijuana grow facility

If you want to get into the cannabis industry in California—where more than $5 billion worth of legal, adult-use cannabis is on pace to be sold this year, according to tax figures—and you want to do it quickly, don’t bother with selling adult-use cannabis. Instead, you want to grow it.

Most cities in the state still don’t allow retail adult-use sales. Many of those that do cap the number of dispensaries allowed within city limits. And almost everyone running a retail storefront says that high taxes and an abundance of cheap, illicit-market weed is killing them. It’s not a good way to make money!

Tue
31
Aug

3 Big Names That Have Invested in the Cannabis Industry

coins/money

When the U.S. government eventually legalizes marijuana, there will undoubtedly be a lot more businesses looking to expand into the growing industry. The current federal ban on pot means that large companies with robust logistical abilities don't generally see the point of getting involved, since marijuana can't cross state lines. But there's hope that with Senate Majority Leader Chuck Schumer leading the charge and pushing for marijuana reform (which includes legalization), significant changes could be coming soon.

Tue
31
Aug

Weed Insurance — Yes, It Is Going To Be A Very Big Thing!

money and marijuana leaf

Want to know how I know that weed is going to be legalized on a federal level fairly soon Insurers are getting ready. That’s right! One of these days you’ll be able to get weed insurance on your crops, cannabis-related business ventures and much more.

There is no denying that cannabis is BIG business. Some estimates believe that by 2026 the cannabis industry could hit $41b annually. Despite the yearly earnings for the cannabis industry, insurers only wrote out about 250 million in policies and in many cases are charging far more than typical retailers with extreme limits in place.

This might not be of significant importance to consumers, but if insurers do get a chance to play with the cannabis industry, it could revolutionize the industry within a matter of months.

Tue
31
Aug

HempRise’s Indiana Facility Completion Nears

cannabis facility

The finishing touches are being put on what’s touted to be largest hemp CBD processing facility in the USA.

HempRise’s Indiana facility is being constructed in River Ridge in Jeffersonville. The 25 acre purpose-built, dedicated hemp extraction campus will feature a 100,000 square foot extraction facility capable of processing 3.5 million kilograms of industrial hemp biomass annually. The project will also provide a local employment bonanza, with dozens of jobs created in the first year.

The $80 million facility will produce full-spectrum and broad spectrum hemp extracts, along with cannabidiol (CBD) isolate.

Tue
31
Aug

Generation Hemp Chairman and CEO to Speak at Southern Hemp Expo and Company Targets Green Policy

marijuana leaf

Generation Hemp, Inc., a Dallas/Fort Worth based midstream hemp company (OTCQB: GENH) and its wholly-owned subsidiary, GENH Halcyon Acquisition, LLC (collectively the “Company”), today announced that its Chairman and CEO, Gary C. Evans, plans to speak at The Southern Hemp Expo located in Raleigh, NC on September 2, 2021 regarding the financial wellness for hemp companies. Also announced today is the Company’s plan to implement green policies wherever possible for its existing operations of drying, cleaning, stripping, and located in western Kentucky.

Tue
31
Aug

Got $4,000? Buy These 2 Cannabis-Focused Biotech Stocks

laptop

As different as they may seem, there's some overlap between the cannabis industry and biotech that's worth understanding as an investor. Cultivators can use biotechnology to manipulate the genes of marijuana plants to increase their yield, and biotechs can use the bioactive chemicals contained in cannabis as jumping-off points for drug development efforts. 

Both of the companies I'll analyze today conduct their business within these overlapping regions. And, if their efforts continue to pan out as planned, they'll be valuable stocks to own, especially as the biotech sector becomes more sophisticated and as the cannabis industry scales to match global demand. 

Tue
31
Aug

Canonic Announces Pre-Launch of its First Generation Medical Cannabis Products in Israel

Canonic Ltd, a company focused on the development of medical cannabis products and a wholly owned subsidiary of Evogene Ltd. (NASDAQ: EVGN) (TASE: EVGN), announced today the pre-launch of its first-generation medical cannabis inflorescence products.

Tue
31
Aug

Sundial Growers Is Bankrolling These Cannabis Stocks

open wallet with money

Cannabis company Sundial Growers (NASDAQ:SNDL) got an influx of cash earlier this year thanks to its rising popularity with retail investors. The meme stock cashed in on its hype in late January and early February when management took advantage of an inflated stock price and announced two offerings. Sundial is now in a great financial position, sitting on hundreds of millions of dollars -- well more than what it needs to fund its day-to-day operations.

Pages

Subscribe to RSS - Marijuana Business News