Marijuana Business News

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Mon
29
Mar

Is There a Market for Delta-8 Hemp Flower?

marijuana plant

By 2025, Delta-8 products may triple in the market, leading to more choices in products for consumers.

Many CBD products are available today, but not many people know about Delta-8. In this article, we’ll explore Delta 8 hemp flower as well as market size, and future forecasts for the compound.

What are Delta-8 Flowers and Do They Exist?

Delta-8 Tetrahydrocannabinol is a psychoactive compound of specific molecules that are found in the cannabis plant. Delta-8 is usually found in Delta-9 (the psychoactive compound of molecules we all know, THC). Delta-8 has a slightly different “high” effect than Delta-9 THC.

Mon
29
Mar

Cannabis Stock Watchlist: New York, Aphria, Sundial Growers

stock market charts

See how cannabis stocks like Sundial Growers, Trulieve and Tilray performed last week after New York agreed to a deal to legalize marijuana use.

The cannabis sector was down this past week as investors turned their backs on speculative stock plays and looked at reopening stocks to buy as the U.S. gets closer to fully reopening its economy.

Cannabis stocks received a boost this past week when New York agreed to a deal to become the 16th state to legalize recreational marijuana. 

Cannabis stocks were pointing towards starting the week higher with the benchmark ETFMG Alternative Harvest ETF  (MJ) - Get Report rising after closing out Friday's session down 0.4%. Shares are down Monday.

Mon
29
Mar

3 Leading Cannabis Stocks Posted Blowout Earnings Last Week, but Their Stocks Fell Anyway

screen display of stock fluctuations

Time to pounce?

Last week was a big one for U.S. cannabis companies, with several leading multistate operators (MSOs) posting their fourth-quarter earnings results. Three leading MSOs -- Green Thumb Industries (OTC:GTBIF), Trulieve Cannabis (OTC:TCNNF), and Cresco Labs (OTC:CRLBF) -- all beat revenue and earnings expectations handily.

Yet each cannabis stock was down for the week, some materially so. That was despite not only good company results, but also positive developments on U.S. federal and state regulations. So is the post-earnings dip a buying opportunity for these companies?

Mon
29
Mar

Virginia lawmakers working with Gov. Northam to legalize marijuana in July

illegal and legal written notes

House Speaker Eileen Filler-Corn said Friday she supports moving marijuana legalization to the summer and is working with lawmakers and the governor on a possible solution.

RICHMOND, Va. (WRIC) — Virginia lawmakers are working with Gov. Ralph Northam (D) to amend the marijuana legalization bill passed in February in an effort to allow simple possession in July instead of 2024.

Virginia House Speaker Eileen Filler-Corn (D-Fairfax) tweeted Friday that she is working with her colleagues in the General Assembly and Northam to move up the timeline to July, a change advocacy groups have pushed for and believe was needed to address racial equity issues with decriminalization.

Fri
26
Mar

These 5 Women Are Powering Up the Cannabis Technology Industry

Are cannabis and technology the great equalizer in women’s representation in the C-suite? It may be too soon to know, but female executives in the Canna-tech space are nonetheless making their mark.

According to a recent white paper by The Arcview Group and National Cannabis Industry Association, only 8 percent of cannabis CEOs are women. Surprisingly (or not), this mirrors the national average of women CEOs in Fortune 500 companies (a milestone reached this year).

Fri
26
Mar

CBD Companies Depend on Hemp Farmers to Follow New USDA Rules

 New hemp production and manufacturing rules from the USDA went into effect this week.

As the industry continues to grow across the country and here in Florida, stakeholders are continuing to press for safety.

 

“So what we’re doing here is packing off our gummies,” Margaret Richardson said, as she gave Spectrum News a tour of Global Widget, a CBD manufacturing company in Tampa. 

Richardson is Global Widget’s chief compliance and legal officer.

The company’s gummies are infused with CBD and made on their own confectionery line.

Fri
26
Mar

A Measure in the U.S. Would Help Cannabis Companies Everywhere

Virtually every business needs access to banking services, including a bank account to put money in, checks and debit cards, and other services that banks offer.

Unfortunately, members of the cannabis industry are often locked out of receiving banking services because of cannabis’ legal status in many countries.

Nowhere is that on greater display than in the United States where state-legal cannabis companies are either prevented from gaining access to banking services in the first place or have their accounts shut down not long after they are opened.

Fri
26
Mar

What Does 2021 Have in Store for the International Cannabis Industry?

One of the only bright spots in 2020 was the emerging cannabis industry. Whereas the ongoing global pandemic has negatively impacted virtually every other industry on earth, the legal international cannabis industry has powered forward.

According to data firm BDSA, spending on the legal cannabis industry is expected to top $20 billion in 2020, up from an estimated $14.8 billion in 2019. To put that number into perspective, the international music organization IFPI estimates that the entire global music industry is worth roughly $20 billion dollars, and unlike the music industry the cannabis industry has plenty of room for growth.

Fri
26
Mar

New Rules Go Into Effect For Michigan Industrial Hemp Growers

Two years ago, the Michigan Department of Agriculture and Rural Development (MDARD) established the state’s first Industrial Hemp Ag Pilot Program so farmers, processors, and colleges and universities could grow, handle, process, and research industrial hemp. The program continued into the 2020 growing season, with 631 growers and 517 processor-handlers registered and/or licensed to grow, process, and market industrial hemp.   The bill, sponsored by Senator Dan Lauwers (R-Brockway Township) set a lot of parameters for hemp growers.

Thu
25
Mar

South Carolina's hemp industry set to grow again this year

Department of Agriculture officials said that 323 farmers have applied for permits to be able to grow hemp in South Carolina.

Last year, 265 farmers grew the crop.

It was first legalized in 2018 and grown by 20 people that year.

Hemp is considered to be one of the biggest trends in the farming world with research firms estimating it to be a $20 billion industry by 2027.

This year's permits will be granted next month.

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