Marijuana Business News

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Tue
20
Jul

Medibis raises funds for research and cultivation facility, sets eyes on huge medicinal cannabis market

cannabis plant

Medibis partnership with Israel-based cannabis company is the first step towards launching a cannabis product in Australia, and building its cultivation facility in Toowoomba.

Homegrown medicinal cannabis company, Medibis, is about to launch a range of cannabis medicines on the Australian market, following its efforts to raise funds via the crowd funding platform, Birchal.  The company is also set to embark on research into cannabinoid-based medicines and says it’s excited about the prospect of discovering new treatments.

Medibis has also announced long-term plans to build a medicinal cannabis facility in Toowoomba, Queensland, as it sets eyes on the lucrative multi-billion dollar medicinal cannabis industry.

Tue
20
Jul

Apalachee Regional Planning Council Hopes To Strengthen Northwest Florida's Hemp Industry

hemp fields

The Apalachee Regional Planning Council hopes to attract an industrial hemp processing plant to Florida's Big Bend. The council's Melissa Franklin says the nearest processing plant for the state's northwestern hemp farmers is more than three hours away.

"Having a processor within range of the farmers—it's an essential component. If you can't process the crop once it's been harvested, then it's dead in the water," Franklin says.

Franklin says bringing a plant closer to the region will help strengthen the local industry's supply chain.

Tue
20
Jul

Kentucky Hemp Association Furious Over Delta-8 THC Raids

hemp field

The Kentucky Hemp Association (KYHA) has made its stance very clear regarding recent police raids on hemp stores in the state.

The KYHA alleges State Troopers last week raided two lawful hemp retail stores, looking for Delta-8 THC products.

While Delta-8 THC is a naturally occurring cannabinoid in cannabis, it is only present in very small quantities. But it can be created through the manipulation of cannabidiol (CBD) derived from hemp. The increasing popularity and availability of delta-8 is causing headaches for industry, lawmakers and law enforcement.

KYHA says the troopers seized “hemp products, money, cameras, terrorized the store owners and charged their employees with trafficking.”

Tue
20
Jul

Canopy Growth vs. Aurora Cannabis: Which Is the Better Buy?

stock chart

Cannabis stocks were a growth machine for investors following the 2015 Canadian federal election. The hype for recreational legalization ramped up, and Liberal leaders Justin Trudeau managed to deliver on the promise. However, the reality of the rollout started to sour investors on the sector. As it stands today, the Canadian cannabis market is in desperate need of a boost to bring it back in the eyes of investors. Today, I want to look at Canopy Growth (TSX:WEED)(NYSE:CGC) and Aurora Cannabis (TSX:ACB)(NYSE:ACB), two top producers whose shares have plunged in 2021. Which is the better buy today? Let’s jump in.

Tue
20
Jul

Marijuana Company of America Inc. (OTCMKTS: MCOA) Competes cDistro Acquisition

cannabis plant

Marijuana Company of America Inc. (OTCMKTS: MCOA) has completed a stock-for-stock acquisition of cDistro Inc. cDistro is a fast-growing distribution company in the hemp industry that will deepen Marijuana Company of America distribution footprint in North America.

MCOA acquires cDistro

Marijuana Company of America Inc. (OTCMKTS: MCOA) will operate cDistro as its wholly-owned subsidiary. The former shareholders of cDistro will hold 5.23% of outstanding and issued stock of MCOA and will gain additional stock in the next year if cDistro meets specific revenue targets. The acquisition is an arm’s length deal completed subject to meeting certain conditions that include execution of definitive agreement and completion of due diligence. 

Tue
20
Jul

My Cannabis Brand Was Shut Down By Instagram, Here's How We Rebounded

mobile phone showing instagram

Originally viewed on Benzinga - Andrew Ward

Cannabis companies have never had a stable relationship with social media. The tense status has made cannabis a bit scrappier regarding social marketing, coded language and geotagging.

However, all too often, brands still face shadow bans, suspensions and account deletions. Pot-focused social media platforms and advertising options have come online but haven't gained traction like powerful platforms to date.

Tue
20
Jul

Colorado just released a big report on how cannabis legalization is going. Here’s what it found.

cannabis plant growing

As expected, marijuana-related arrests are down and tax revenue is up, but other trends are less clear.

More than seven years since Colorado became the first state to allow cannabis to be sold at stores for recreational use, pot arrests are down, marijuana-impaired driving cases are up and school expulsions are both up and down.

Tue
20
Jul

BUSINESS Ayr Wellness Buys Tahoe Hydroponics For $17 Million

signing papers

Ayr Wellness Inc. (OTC: AYRWF) is buying Nevada-based Tahoe Hydroponics Company, LLC in a deal valued at $17 million. It is a cash and stock deal that will consist of $5 million in cash, $3.5 million in debt, and approximately $8.5 million in stock.

Mon
19
Jul

Former Yahoo CEO Carol Bartz Shares Advice For Cannabis Entrepreneurs: ‘You Have To Have Some Cojones’

image of Carol Bartz

Photo by Justin Sullivan / Getty Images

A few weeks ago, Carol Bartz, former CEO of Autodesk and Yahoo, was all over the news after seed-to-sale cannabis company Caliva announced she was part of a group that had invested $75 million into the company, alongside NFL legend Joe Montana – found here talking about cannabis and football.

Surprisingly, the 70-year-old tech industry superstar, was very open about her cannabis use, disclosing her predilection not only for the super trendy, non-psychoactive CBD, but also for THC, the psychoactive compound found in cannabis that makes people feel “high.”

Mon
19
Jul

Not too late to cash in on New Mexico's green rush

cannabis plants

If you are wanting to cash in on New Mexico's green rush, it is not too late.

Linda Trujillo is the superintendent of the New Mexico Licensing and Regulation Department. She said those who want to grow cannabis should be able to get their provisional license by Aug. 22.

“The provisional license does not let you start functioning or operating as a cannabis business, but it does at least give you that assurance so that you can then go on and get the things that you must pay for and your local stuff and then come back to us and show us that you have got it and then get licensed to start operating,” said Trujillo.

Those wanting to sell will have to wait a little longer to get their provisional license.

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