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Marijuana Business News


Crypto tokens give cannabis fund a shortcut to raising capital

crypto currency

Since cannabis remains illegal in much of the world, raising investment can be tricky. This week, guest writer Ken Parks takes a look at how one Luxembourg-based company with operations in Latin America is looking at a new method to solve this problem. 

Using blockchain in a quest for growth

A fund that invests in Latin American cannabis companies is planning to use a novel way of raising cash to expand, with a sale of a type of crypto asset known as security tokens to private investors.


Argentina creates regulations for cannabis-based medical products

Argentina flag

The Argentina Ministry of Health created a new cannabis plant medicine category and administrative controls for that category.

The government of Argentina is certainly moving with speed to establish a regulated cannabis industry. This month, not only has it approved the creation of non-profit patient collectives, but it has also, as of this week, created a special category for cannabis plant medications as well as designated the federal control agency for the same as the National Administration of Medicines, Food and Medical Technology (ANMAT). Cannabis products over 0.3% THC must be prescribed for a doctor for a specific condition.


Unions pushing to organize as CT cannabis industry expands



Connecticut’s adult-use cannabis law requires cannabis establishments to enter into so-called labor peace agreements as a condition of getting a final license. That means unions have an easier task of organizing because the companies remain neutral.

In exchange for employers not interfering with organizing campaigns, workers agree not to engage in strikes, protests, or other work stoppages.

“That doesn’t ensure unionization,” said Mark Espinosa, president of United Food and Commercial Workers Local 919, which represents about 7,000 retail employees in Connecticut.

“That just give us the ability to go in there and talk to employees.”


The Illinois cannabis market is showing zero signs of slowing down


Although United States (US) cannabis companies have been under pressure so far this year, we believe the market is in the early innings of hyper-growth cycle and are of the opinion that many operators (large and small) are undervalued. (Click here for article)

Since 2020, several states have legalized recreational cannabis and we have been impressed by the growth of these markets. We consider Illinois and Michigan to be burgeoning recreational cannabis markets and are bullish on the long-term potential that is associated with the two midwestern states. 


Holistic health expert disrupting hemp industry


 Thousands of people in search of alternative therapies have recently discovered the therapeutic benefits of Nesas Hemp, the world's first full-spectrum CBDa hemp extract. Created by Inesa Ponomariovaite, Nesas Hemp is one of the few companies in the world that offer customers certified organic hemp oil made with CBDa, rather than CBD. Discover the therapeutic benefits of Nesas Hemp, the world's first full-spectrum CBDa hemp extract.


Private businesses may not benefit much from the new recreational cannabis industry



Recreational marijuana is said to bring in millions of revenue for the state, but that does not mean every business will benefit from the new industry.

According to the state of New Mexico, the industry will bring in $50 million in state revenue.

State leaders say that it will be used for state programs such as housing, food insecurity, and economic development.

A local economics professor at New Mexico State University says that the private economy such as restaurants and movie theaters may not see a big boost.

"The reason for that is that marijuana is a recreational drug, people buy it for recreational purposes. That recreational usage means that they're not engaging in some sort of other recreational activity," said Erickson. "


Amazon says New York union organizers gave workers weed to help secure unionization votes

amazon building

Amazon has claimed that New York union organizers handed out marijuana to workers in a bid to secure unionization votes.

The objection was one of several made by the ecommerce giant Friday as it seeks to overturn a vote that created the first union in the company's history.

On April 1, the National Labor Relations Board said a majority of workers at the JFK8 warehouse in Staten Island, New York, had voted to join the Amazon Labor Union (ALU). Amazon is challenging the vote and has claimed that the ALU and the NLRB suppressed voter turnout.

In a filing Friday, Amazon questioned the methods used by the ALU to win unionization votes, according to multiple reports. Insider was unable to obtain the filing.


American cannabis consumers eye opportunities presented by legal marijuana in Germany


Germany’s impending legalization of recreational marijuana offers attractive new opportunities for travel, trade and investment, according to a recent survey of American cannabis consumers. The survey from medical marijuana holding company Bloomwell Group found that eight out of 10 Americans believe that “cannabis companies are attractive investment options,” while 61% said that they “would invest in European cannabis stocks.”


Ohio regulators want 73 new medical marijuana dispensary licenses to address demand, more double current number

medical marijuana products

Ohio medical marijuana regulators want to double the number of dispensary licenses in the state to satisfy patient demand, which has been much higher than anticipated since the program became operational.

Currently, there are 58 dispensaries throughout Ohio.

Ohio Board of Pharmacy staff are working on adding 73 new dispensary licenses, said Justin Sheridan, the board’s director of medical marijuana operations, at a Thursday cannabis discussion at Ohio State University’s Moritz College of Law.

That could bring the total number of dispensaries in Ohio to 131 or 132 – depending on the outcome of a court case that could create a 59th dispensary from the first round of dispensary licenses.


Why marijuana stocks dropped on Thursday

Wall Street

The House passed the MORE Act -- but marijuana is still far from legal.

What happened

Less than a week after the U.S. House of Representatives voted to legalize marijuana -- for only the second time ever in history -- enthusiasm for marijuana stocks is disappearing like smoke with both the door and windows open.

Since the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act was passed, shares of Sundial Growers ( SNDL -7.58% ), Aurora Cannabis ( ACB -6.37% ), and Canopy Growth ( CGC -6.41% ) have all headed in just one direction -- down. Today marks the third straight day of selling. Here's how things stand as of 12:50 p.m. ET:


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