Marijuana Business News

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stocks
business
Wed
06
Oct

Cannabis lounges coming to Nevada

lounge

 A flurry of laws passed by the Nevada Legislature earlier this year took effect on Friday – ushering in reforms that Democratic lawmakers who have majorities in both the state Senate and Assembly have long campaigned to implement.

Five years after the the state’s voters approved legalizing recreational cannabis in Nevada, business owners can now apply for licenses to establish on-site consumption lounges, where adults can smoke, dab or eat THC-laced edibles that they buy.

Wed
06
Oct

How To Keep Your Cannabis Business Safe And The Legal Situation In Business

marijuana plant

The cannabis market made huge progress over the last several years. The increase in the number of users boosted the industry’s value. Thanks to premium platforms like Askgrowers.com, anyone interested can learn about cannabis strains and brands quickly. Even most governments seem readier than ever to adjust the laws and legalize cannabis. (As originally Seen on Benzinga)

Tue
05
Oct

Deal Makes Florida Company Largest Marijuana Retailer

marijuana plant

 Trulieve, the state’s largest medical marijuana operator, is now the nation’s biggest cannabis retailer, after closing on a $2.1 billion deal to acquire former competitor Harvest Health & Recreation Inc.

The transaction marks a major development in Florida, where Harvest held one of 22 licenses to cultivate, process and sell medical marijuana to a growing patient population, and in the nation’s rapidly expanding pot industry.

Trulieve CEO Kim Rivers called the closing of the deal a “transformational milestone” in her Gadsden County-based company’s brief history.

Tue
05
Oct

Slow-Paced Federal Legalization Could Be an Opportunity, Not a Setback for Cannabis Investors

 
While the lack of federal legalization has made some investors hesitant to add cannabis companies to their portfolios, Intrinsic Capital Partners sees that as one of the things that makes the cannabis investment space so attractive. It’s a hyper-growth market, projected to grow at a compound annual growth rate (CAGR) of 26.5% over the next decade. Still, because it’s not federally legal, most traditional sources of capital and strategics haven’t felt comfortable entering the space yet.
Tue
05
Oct

Cannabis farmers, watchdog group reach historic deal in Carpinteria Valley

cannabis facility

Following 11 months of collaborative dialogue, the Santa Barbara County Coalition for Responsible Cannabis (Coalition) and CARP Growers reached a historic agreement on Aug. 20, ensuring cannabis farms work in cooperation with the community group to resolve odor issues in a proactive and cooperative way across Carpinteria Valley.

The agreement holds all CARP Growers member farms accountable to a partnership with the coalition and a detailed odor abatement plan outlining a new expanded odor response process, and a comprehensive program to develop and implement next-generation odor technologies.

Community engagement in the plan will be encouraged for reporting, investigating, and resolving cannabis odor incidents.

Mon
04
Oct

3 Marijuana Stocks to Buy and Hold for the Next 10 Years

If you're looking for stocks that you can buy and hold for many years, it's important to choose companies with high-quality businesses and strong catalysts for growth. One industry that receives ample attention from investors of all ages and trading styles is the marijuana sector.

As more states have legalized pot for medical and recreational purposes, growers, retailers, and ancillary providers have popped up right and left. Legal cannabis sales in the U.S. shot up nearly 50% in 2020. And the global legal marijuana market is on track to reach a valuation of nearly $71 billion as soon as 2028.

Mon
04
Oct

“American Cannabis Company, Inc. Receives Official Organic Materials Review Institute (OMRI) Certification For Its SoHum Living Soils® Product Line”

marijuana plant

American Cannabis Company, Inc.
(OTCQB: AMMJ) (“ACC” or “Company”), a full-service business-to-business cannabis and hemp
consulting solutions provider and licensed owner operator, is pleased to announce that its
proprietary potting mix, SoHum Living Soils®, was recently awarded an official certification from
the Organic Materials Review Institute (OMRI).

OMRI's mission is to provide the agricultural industry with peace of mind in knowing that
quality materials are consistent and organic as a standard. This organization provided an
independent review of SoHum Living Soils®, looking at each individual input that is intended for
use in certified organic cultivation and production.

Mon
04
Oct

The Wild West of CBD products could end soon in California

California is poised to clamp down on the fast-growing hemp market in a push to make sure CBD-infused products are accurately labeled and safe — a shift that could be felt nationwide, given the state’s formidable purchasing power.

The extract used in soap, food and other wellness goods has exploded in popularity since Congress legalized hemp in the 2018 farm bill. But the FDA has refused to regulate CBD, or cannabidiol, as a dietary supplement because it’s an active ingredient in a federally approved medication. In the absence of federal oversight, states largely have been left to monitor the products — and untested and mislabeled items have been flooding stores.

Mon
04
Oct

A Member Of The IRS Is Giving Tax Advice To Marijuana Businesses Who Need It

cannabis leaf on U.S. money

The Internal Revenue Service anticipates the continued growth of the cannabis industry. With this, the IRS is providing some useful suggestions to cannabis businesses. This help is in regards to remaining obedient with taxes while the cannabis plant is still federally illegal.

Taken from a recent online blog post-De Lon Harris of the IRS has shared some thoughts. he said that the “evolving and complex issue my organization has been focused on is the tax implications for the rapidly growing cannabis/marijuana industry.”

Mon
04
Oct

8 Things We Learned at Cannabis Conference 2021

people at a conference

Cannabis Conference 2021, the industry’s leading event for plant-touching businesses, was host to nearly 3,000 cannabis professionals in August, who came together for the first time in two years to share the latest technologies and solutions, business strategies and more at Paris Las Vegas Hotel & Casino.

On the 85,000-square-foot trade show floor, 175 exhibitors showcased their products and services, while nearly 90 speakers shared their expertise during Cannabis Conference’s 40-plus session educational program. Sessions were jam-packed with business, cultivation, extraction and dispensary insights. After a monumental year in cannabis—there was much to discuss and break down.

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