Marijuana Business News

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stocks
business
Fri
14
Feb

The surprising way coronavirus affects the marijuana industry

Since its arrival in December, the coronavirus has infected more than 42,000 people and claimed more than 1,000 lives. Many travel plans and routes have been disrupted as well, with some cruise ships facing strict quarantines to diminish the coronavirus from spreading. To further prevent the disease outbreak, at least 24 Chinese provinces have shut down businesses and factories.

This move, while critical to world health, has had a substantial impact on global trade. That includes the cannabis industry, where marijuana vaporizer companies often rely on Chinese manufacturers to produce hardware. You might be surprised to learn that almost every component of vaporizers come from Chinese factories, with cannabis oil serving as the only American-made good in many vaping products.

Fri
14
Feb

A Guide To Buying CBD Online

With the amount of fake CBD products out there, finding the one you need can be a challenge. Here’s how to make the process easier.

CBD products is a very flexible compound. Treating a variety of conditions in noninvasive ways, CBD oils, gummies, lotions and more lend themselves to all kinds of consumers; they can satisfy curious onlookers and diehard believers alike.

Thu
13
Feb

What Value Do These Marijuana Stocks Offer The Industry

Projections of the worldwide spending on legal cannabis are set to hit highs of $57 billion in sales by 2027. With this in mind, the opportunity to capitalize on marijuana stocks is still a great possibility. Even though we have seen some major changes impact the market, there are still more obstacles to get past. However, if the market can overcome these hurdles it can have a positive outcome for pot stock investors. One of those fences to climb happens to be the legalization of marijuana in the U.S. on the federal level.

Thu
13
Feb

Despite Layoffs, Cannabis Industry Job Growth Continues to Boom

Amid layoffs appearing as a constant, The Supreme Cannabis Company is the latest in the industry to let a percentage of its staff go.

Thu
13
Feb

Vermont Farmers Fear Pot Bill Will Shut Them Out of the Marijuana Market

Ramsay Mellish knew he would need to adapt if he wanted to survive in Vermont's hard-pressed dairy industry. So, like many others in recent years, the first-generation farmer set out to diversify his crops and started growing hemp.

Mellish and his wife, Caroline, did fine growing the plant last summer, he said, netting a few thousand dollars from selling much, but not all, of the harvest from their eight-acre field. They believed that growing hemp would prepare them to jump at a bigger opportunity: marijuana.

"Ultimately, [that is] the future in the Vermont cannabis world," Mellish told Seven Days over the phone last week as cows mooed loudly in the background. "We'd like to be there at some point." 

Thu
13
Feb

Hemp Market Growth Predictions: $26.6 Billion By 2025

Hemp is everywhere and according to various market studies, the entire industry is expected to be worth nearly $27 billion by 2025.

There’s almost nothing that hemp can’t do. It can be used as a food supplement, medication, topical, it can be manufactured into plastic, concrete, and batteries. It’s hardy, grows easily, and is incredibly versatile, and that’s precisely why everyone is scrambling to cash in.

Wed
12
Feb

More Alabama Farmers Sign up to Grow Hemp

Jon Hegeman’s newest crop looks like marijuana. It’s got towering, feathery flowers — aka buds — and those tell-tale multi-fingered leaves.

“This is the closest thing you’ll have in Alabama to marijuana,” says Hegeman, a hemp farmer and president and co-owner of Greenway Plants.

For the first time in almost 90 years, it’s now legal to grow hemp in the U.S., including in Alabama. The passage of the 2018 Farm Bill removed hemp off a list of drugs the federal government says have a high potential for abuse and no accepted medical use.

Wed
12
Feb

Supreme Cannabis sheds 15% of staff amid drive for revenue growth

The Supreme Cannabis Co. is the latest cannabis company to announce a series of layoffs, after the pot producer said it would shed 15 per cent of its staff to focus on “near-term revenue growth” late Tuesday.

The company said one-third of its corporate-designated jobs would be cut, while about 13 per cent of its production staff would also be reduced. Supreme Cannabis has about 700 staff, according to the company. It will also stop its plans to invest in the UK and European cannabis industries, while maintaining its existing investments in Lesotho and its Truverra CBD business.

Wed
12
Feb

Why the Coronavirus Is Bad News for Pot Stocks

Last year was a wake-up call for marijuana stock investors. For years, pot stocks had ascended to the heavens on promises of strong demand, rapid growth, and an expected quick push into the profit column. This vision looked especially feasible given Canada's legalization of recreational weed, support for legalization among the public throughout the United States, and the tens of billions of dollars in sales conducted annually on the black market.

Wed
12
Feb

Move over, pot: Psychedelic companies are about to go public

The first companies developing medical treatments from psychedelic drugs like LSD, ketamine and the active ingredient in magic mushrooms are gearing up to list on Canadian stock exchanges.

Mind Medicine Inc., which is undertaking clinical trials of psychedelic-based drugs, intends to list on Toronto’s NEO Exchange by the first week of March, said JR Rahn, the company’s co-founder and director. A NEO spokesman confirmed the listing, which is pending final approvals.

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