Marijuana Business News

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Tue
28
Sep

Felons Can Now Get Cannabis Licenses in Washington State

hands in handcuffs

Felons will no longer be automatically barred from getting a cannabis license in Washington State, beginning next Saturday on October 2. Several updates to the rule now allow some people with serious felonies to obtain cannabis licenses, on a case-by-case basis.

That’s thanks to a new rule set by the Washington State Liquor and Cannabis Board that will go into effect shortly. Anyone who obtains a license must first pass an obligatory background check, but now, a felony on a record won’t necessarily be an automatic disqualifier.

Serious felony convictions within the past 10 years, however, will still trigger deeper scrutiny of a person’s application. But the rules no longer bar people with felonies from receiving a license. 

Mon
27
Sep

Best Marijuana Stocks For Long Term Investing? 3 Ancillary Cannabis Companies For Your List Right Now

man sitting at computer playing the stock market

Are you looking for top marijuana stocks to buy before October? Last week the cannabis sector and overall markets experienced some market volatility and pulled back during the first half of the week. But with an announcement from Congress that the SAFE Banking Act passed in the House the best cannabis stocks to invest in rallied to close the week. With many analysts predicting the market could continue seeing upward momentum in the fourth quarter it could be time to find top pot stocks before October.

Mon
27
Sep

Is Sundial Growers Too Cheap to Pass Up?

marijuana plant

Cannabis stocks, growth stocks, and all kinds of investments have been volatile this month. The S&P 500 is down nearly 2% since the start of September and the Horizons Marijuana Life Sciences ETF has dropped by 9%. Although some investors may feel the urge to scramble for the exits, the recent sell-off could present some attractive buying opportunities.

One stock investors may be considering is pot producer Sundial Growers (NASDAQ:SNDL). Earlier this year, Reddit investors turned it into a meme stock, creating a buying wave that sent it to a high of nearly $4 a share. This week, its stock fell as low as $0.68 -- its lowest level since May 13, when it touched $0.65.

Fri
24
Sep

Crowdfunding And Cannabis – Be Cautious

Action by the USA’s Securities and Exchange Commission in connection to a couple of cannabis related crowdfunding schemes highlights the need for would-be investors to be cautious. Early this week, the SEC charged multiple parties over what it alleges was a fraudulent scheme to sell nearly $2 million of unregistered securities through two crowdfunding campaigns.

Fri
24
Sep

Is Michigan’s industrial hemp future in the automotive industry?

Michigan’s hemp industry could get up to $100 million in federal funds to help it compete globally under a proposal pushed by a nationwide growers association.

The state is one of four with emerging hemp industries targeted by the National Hemp Association (NHA) along with Oregon, New York and Florida. The funding would be for developing a “regional super site” in each state to aid in the industry’s growth, said Geoff Whaling, the association’s chair.

Hemp is a cannabis plant with a very low percentage of THC, the psychoactive element of marijuana. Developing the industry could benefit Michigan environmentally and economically, Whaling said. The plant has many uses, but the state’s auto industry is what makes it a target for development.

Fri
24
Sep

2 Cannabis Stocks You Can Buy and Hold for the Next Decade

marijuana leaf

When you're looking for stocks that you can buy and hold for many years, it's perfectly fine to be picky about the companies to add to your portfolio. Personally, I'm extremely choosy in selecting stocks, and I take as much time as I feel comfortable with to perform due diligence on a company before I take the plunge.

The marijuana industry has caught the attention of many investors in recent years as extensive legal reforms have created entirely new markets ripe for pot cultivators and retailers. Of course, this also creates extensive opportunities for investors who want to capitalize on all that this lucrative industry has to offer.

Fri
24
Sep

The Biggest Challenges The Cannabis Industry Will Face In 2021 And Beyond

marijuana leaf

No matter where you live in the United States, it’s safe to say that the cannabis industry has come a long way in the past couple of decades.

Back toward the beginning of the New Millennium, if I had told you that recreational cannabis would be legal in 18 states and that medical marijuana would be permitted in 37 states, you would have most likely laughed in my face and told me to take a hike. If you were a cop back then, you might have even had me arrested and charged with possession.

Fri
24
Sep

U.S. Cannabis Stocks Rise on Effort to Allow Bank Financing

people at a business meeting

U.S. cannabis stocks like Cresco Labs  (CRLBF) , Curaleaf  (CURLF) , Green Thumb Industries  (GTBIF) and Trulieve Cannabis  (TCNNF) - Get Trulieve Cannabis Corp. Report were rising Thursday following a Congressional vote on a cannabis banking measure.The SAFE Banking Act  was adopted by a voice vote in the U.S. House Thursday as a part of this year's defense budget bill.

While it still must be passed by the full House of Representatives to be added to the National Defense Authorization Act for Fiscal Year 2022, the approval allows for it to be included in the final measure. 

Thu
23
Sep

CBD of Denver Comments on Italy's Cannabis Referendum

graffiti of Denver

CBD of Denver, Inc. (OTC Pink: CBDD), a full-line CBD and hemp oil company and a producer and distributor of cannabis and CBD products in Switzerland and Europe, comments on Italy's cannabis decriminalization referendum, which received the required 500,000+ signatures well ahead of the September 30 deadline to be included in the country's 2022 vote.

"This is another important milestone in the ongoing legalization trend sweeping across Europe," commented Marcel Gamma, CEO of CBD of Denver. "Our Rockflowr business already works with several clients in Italy, and we are well positioned to capitalize on a favorable vote by Italy's citizenry in 2022."

Thu
23
Sep

2 Top Marijuana Stocks to Buy for the Long Haul

stock graphic trending up

The fast-growing marijuana industry is full of opportunities for long-term investors. From growers to retailers to ancillary providers, there's something for every type of investor, no matter their risk tolerance.

While some pot stocks have earned their status as premium buys for long-term investors' portfolios, others have generated significant hype without the businesses or balance sheet growth to support it. Today, we're going to look at two fantastic investments within the marijuana space. Both cannabis stocks have generated significant returns for shareholders and are on track to achieve incredible growth in the years ahead. Let's dive right in.

 

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