Marijuana Business News

Synonyms: 
stocks
business
Thu
20
Jan

Deadline looms for decisions concerning New Jersey’s recreational cannabis sales

cannabis
 
Since the legalization of adult use recreational marijuana, it seems like it’s been one deadline after the next. There’s another one coming up next month, one the cannabis industry in New Jersey has long waited for.
Thu
20
Jan

Lessons the recreational cannabis industry can learn from big tobacco

cigarette

In order for the cannabis industry to consistently achieve and maintain a high sales volume, it needs to be more nimble and prepared for changes than the tobacco industry was.

Given the rapid rate the recreational cannabis space has grown at, it’s only natural to wonder what, if anything, could slow that growth down. In order to find out what some potential roadblocks could be for recreational marijuana, look no further than big tobacco.

Even though it isn’t legalized nationally yet, it’s easy to note numerous similarities between recreational cannabis companies and businesses in the tobacco industry. As the legal cannabis industry continues to grow, it’s imperative that they don’t repeat the same mistakes as the tobacco did in the early 20th century.

Wed
19
Jan

UA cannabis certificate program teaches skills for legal marijuana industry

student

The University of Arizona is going green by adding new courses this spring, teaching students the skills needed to work in the legal marijuana industry. They were able to create the noncredit Cannabis Certificate Program by partnering with the cannabis education company, Green Flower. Dr. Craig Wilson, vice provost for Online, Distance and Continuing Education said the university decided to ensure students interested in pursuing careers receive credible cannabis education.

 

“This, like other hot industries deserves a workforce that’s trained, prepared and professional. Here at the University of Arizona, we look forward to being a part of the conversation,” Wilson said.

Wed
19
Jan

Why Sundial, Canopy Growth, and Aurora Cannabis stocks just tanked

girl smoking weed

Did one rogue Senate candidate just blow up prospects for marijuana legalization in 2022?

Cannabis stocks are behaving rather oddly on Tuesday -- a day when news for the marijuana sector is by and large bullish.

As of 12:30 p.m. ET, shares of Sundial Growers (NASDAQ:SNDL) are falling 3.5%, Canopy Growth (NASDAQ:CGC) is down 4.6%, and Aurora Cannabis (NASDAQ:ACB) has racked up a 4.9% loss.

Wed
19
Jan

Kansas and California cops used civil forfeiture to stage armored car heists, stealing money earned by licensed marijuana businesses

ceo

The Institute for Justice argues that the seizures violated state law, federal law, and the U.S. Constitution.

Because the continued federal prohibition of marijuana makes banks and payment processors leery of serving state-licensed cannabis suppliers, many of those businesses rely heavily on cash, which exposes them to a heightened risk of robbery. As a new federal lawsuit shows, that danger is not limited to garden-variety criminals. It includes cops who use federal civil forfeiture laws to steal money earned by state-legal marijuana businesses.

Wed
19
Jan

Could Innovative Industrial Properties stock help you retire a millionaire?

girl with cash

Cannabis stocks aren't typically high on my list of go-to durable wealth creators -- except when it comes to Innovative Industrial Properties (NYSE: IIPR). Between its highly repeatable business model, persistently rising cash flows, and valuable service it provides for the cannabis industry, Innovative Industrial Properties (IIP) is a great option to increase your chances of retiring as a millionaire.

But that doesn't mean it's a ticket to get rich quickly nor is this company risk-free. Let's analyze how IIP makes money and why it might be a good fit for your portfolio.

Tue
18
Jan

Cannabis businesses will face challenges trying to open in CT, experts say

marijuana plant

Finding a location will likely be a challenge for those interested in starting one of Connecticut’s first recreational-use cannabis businesses, experts say.

Tue
18
Jan

Cannabis banking is booming despite federal uncertainty

marijuana cash

Small banks are gaining confidence

Cannabis companies may not be able to work with the JPMorgan Chases and Citigroups of the world anytime soon, but that hasn’t stopped small banks from flooding into the space.

On the surface, it would seem that the industry’s prospects for being able to bank like normal companies has taken a hit. U.S. Representative Ed Perlmutter of Colorado, the biggest supporter of legislation that would liberalize rules for cannabis banking, just announced his retirement. The SAFE Banking Act he  backed stalled late last year. Meanwhile, Visa Inc. sent a memo to banks saying that so-called cashless ATMs — a workaround used by some dispensaries to avoid dealing in cash — weren’t copacetic.

Tue
18
Jan

Hemp industry pivots toward grain and fiber

hemp plants

After a brutal shake-out that chopped hemp acreage in half in two years, the industry is focusing on hemp as a source of grain and fiber, a less profitable but possibly steadier market than cannabinoid (CBD) oil, used in food, beverages and dietary supplements. Analysts say the unclear regulatory status of CBD has throttled sales.

Growers rushed into industrial hemp following legalization of the crop by the 2018 farm bill, attracted by reports of high revenue from hemp sold for processing into CBD oil. But the pandemic and a glut of hemp crushed wholesale prices.

Tue
18
Jan

Amid growing pains for Louisiana medical marijuana, advocates look to open up the market

man smoking pipe

For a moment, newly available medical marijuana flower was a hot commodity in Louisiana, drawing thousands of new patients and huge lines to the state’s nine authorized pharmacies. Then it was gone.

Pharmacies across the state reported supply disruptions less than two weeks after flower became available at the start of 2022. And patients have complained of high costs, long waits and caps on the amount they can buy.

Industry leaders say things will get better with time, as more supply becomes available and patient demand stabilizes. Despite shortages this week, a new batch is expected to hit the shelves soon after product cleared state testing Friday.

Pages

Subscribe to RSS - Marijuana Business News