Marijuana Business News

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Mon
30
Mar

The coronavirus has caused a rise in cannabis prices in Spain

There is no freedom of movement, there is no justification for being on the streets and the distribution of goods creates numerous problems. That is why, at the moment, hashish and cannabis cost twice to three times as much as they did just ten days ago. If at that time one gram was around €5 or €6, now it easily exceeds €10 and even reaches €15.

The main reason for the price increases is the lack of merchandise

Currently it is much more difficult to move large or small quantities of hashish or cannabis. Drug traffickers have a hard time making a deal without attracting attention. In fact, the Civil Guard has thwarted two shipments on Malaga’s beaches since the state of alarm began nine days ago.

Mon
30
Mar

State extends pot business application deadline amid COVID-19 pandemic

State officials have once again extended the deadline for applications for certain recreational cannabis business licenses amid the ongoing COVID-19 pandemic.

Gov. J.B. Pritzker signed an executive order Saturday extending the deadline to submit applications for cannabis infuser, craft grower and transporter licenses from March 30 to April 30, according to a statement from the Illinois Department of Agriculture. All applications must be submitted by certified mail.

Fri
27
Mar

Are Marijuana Stocks On Their Way Back Up In The Market?

The cannabis industry has been extremely up and down over the course of the past three weeks. Although the coronavirus still seems to be very much in effect, it appears as though investors are becoming more and more comfortable with the idea of investing marijuana stocks. The past three weeks have been mostly filled with losses in the whole of the stock market, but many of the leading pot stocks have actually shown gains in the past three days. March 26th, helped to cement three days of very solid gains. 

Fri
27
Mar

As The Economy Falters, Will Demand For Cannabis Continue To Rise?

Just a few months ago, the cannabis industry was going through a sizeable dip. Now with consumers grappling with the coronavirus, sales are at an all-time high.

We talked to researchers at both BDS Analytics and Flow Hub to understand what is happening in the current market place, why, and what it means for the cannabis industry in the future. 

Fri
27
Mar

Cannabis Companies Donate Masks, Gloves, And Hand Sanitizer To Health Care Workers During Coronavirus Pandemic

Cannabis companies across American and Canada are helping healthcare workers by offering supplies amid the coronavirus COVID-19 pandemic.

Entrepreneurs in the marijuana space are realizing they can help fill gaps in the severe supply shortage hospitals are facing as they brace for a surge in COVID-19 patients. Safety items such as masks, protective gowns, gloves, and other personal protection equipment (PPE) used by cannabis growers and budtenders are being donated to health workers and hospitals. In addition, extractors who engineer cannabis concentrates have been making hand sanitizer with ethanol in order to help reduce the hand sanitizer shortage. 

Fri
27
Mar

Chicago: How recreational weed went from illegal to essential in 3 months

Throngs of high-minded shoppers started flooding pot dispensaries when sales of recreational weed kicked off in Illinois at the start of the year.

Less than three months later, that type of mass clamoring is strictly forbidden as social distancing measures have been put in place to quell the spread of the novel coronavirus. In the uncertain age of COVID-19, when news and information travels almost as fast as the virus itself, Jan. 1 likely seems like a lifetime ago to many cannabis users.

Thu
26
Mar

Cannabis Sales, Stocks Soar Amid Outbreak, but Will the Bump Last?

One sector of the business world that has seen a much-needed spike during the coronavirus pandemic is cannabis sales, which are hitting new highs as people stockpile pot while electing or being ordered to stay home.

Sales for the week of March 16-22 show cannabis markets in California, Colorado, Oregon and Alaska — all legal recreational markets — were up 50%, while medicinal sales rose 41% for the week year over year.

Nonessential businesses across the U.S. and Canada have been ordered temporarily shut down or had their operations restricted to help combat the spread of the novel coronavirus, which has now killed more than 800 people in the two countries (though, less than 30 are in Canada).

Thu
26
Mar

2 Marijuana Stocks To Watch During The Coronavirus Pandemic

Marijuana stocks have without a doubt, taken a beating these last few months. Around six months ago, we saw some issues such as supply bottlenecks and the rising black market, both take their respective tolls on pot stock prices. Since that time, the largest catalyst to cannabis stocks has been the coronavirus. We can’t say that cannabis is the only industry being hit right now as the coronavirus has been wreaking havoc across all world markets. But, with any downtrodden time, there usually is an uptrend waiting to take hold.

Thu
26
Mar

Closed Massachusetts Dispensaries Pivot To Making Hand Sanitizer

Several Massachusetts recreational marijuana businesses that were ordered closed during a stay-at-home order issued in response to the spreading coronavirus pandemic are now manufacturing hand sanitizer to be used by local health care workers. 

Thu
26
Mar

Drug Science partnership to improve patient access to medical cannabis in the UK

Drug Science Medical Cannabis Working Group has formed a partnership with a leading British producer of medical cannabis to help improve patients access to the medicine in the UK.

The first British producer of cannabis oils and isolates, Avida Global, is to join Drug Science Medical Cannabis Working Group (MCWG) to help accelerate access of medical cannabis to patients.

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