Marijuana Business News

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Tue
18
Jan

CBD water: Big market opportunity or just the next crazy CBD-infused product?

water bottles

The product has several utilities, but the downsides surrounding it are guaranteed to put people off.

Water is one of the most fundamental needs for the survival of humans. This is why CBD water is a brilliant innovation that speaks to the innate needs of cannabis users while promising an excellent high at the same time.

Many have heard about CBD water, but few have seen it on shelves, and fewer still have tasted it. The product has been described as exciting, convenient, and novel for so long, it’s surprising that it’s not yet mainstream. Several factors have stalled the progress of this product’s market, especially its high cost and basic formulation.

Tue
18
Jan

Rule change doubles number of cannabis plants for growers

cannabis

An emergency state-level rule change doubled the number of cannabis plants that licensed growers can cultivate at one time, but some in the industry are concerned that the change is too little, too late to meet demand for the start of recreational sales in April.

Mon
17
Jan

Top Marijuana Stocks To Watch To Start The New Week

watching stocks

Marijuana Stocks To Watch In The 3rd Week Of January

Right now marijuana stocks in 2022 have shown some progress. Now we are not talking major runs or anything like that. But coming off of a year-long downtrend the start of 2022 has been fair so far. In the first 2 weeks of the year, the sector was able to see a small bit of upward consistency. Some feel this initial rise in trading was due to the excitement of starting a new year. Yet halfway through the first week of 2022 most cannabis stocks were dealing with some pullback. During the second week of January, the same pattern occurred as the first.

Mon
17
Jan

Colorado company claims it has developed world’s first zero-THC, high-CBD hemp cultivar

laboratory research

Trilogene Seeds reports the “THC Null” cultivar simply “cannot make THC.”

A Colorado-based company claims it may have the solution for ensuring hemp does not run afoul of U.S. requirements related to THC: make sure the cultivar contains none of the psychoactive compound.

Hemp — which offers promise as a windfall for CBD production — needs to adhere to certain rules to be considered hemp at all.

The so-called 2018 Farm Bill, which was signed into law on Dec. 20 of that year, demands that hemp contain no more than 0.3 per cent THC “on a dry weight basis,” notes a fact sheet from the U.S. Food and Drug Administration.

Fri
14
Jan

3 intriguing stocks that are screaming buys in January

money

As the legal marijuana industry gains steam, Trulieve Cannabis, Columbia Care, and GrowGeneration are well-positioned for success.

It started as a small medical cannabis company in Florida. Now, it's the dominant player in its home state, where it operates 112 dispensaries. Staying focused on its core market helped the company grow its revenue and profits without overburdening its balance sheet. This strategy will also give it a competitive moat once Florida legalizes adult-use recreational cannabis, which experts predict could happen this year.

Meanwhile, Trulieve has slowly expanded into new markets; it now operates 159 stores nationally. 

Fri
14
Jan

How much weed was sold in top-selling cannabis states? Arizona & Michigan smash records again

woman with weed

In November, taxes for recreational marijuana sales in Arizona totaled around $5.05 million, slightly above medical cannabis tax, which amounted to $5.03 million.

Arizona continues to smash cannabis sales records, with yet another milestone of over $1.23 billion of marijuana products sold during the first 11 months of 2021, Arizona Mirror writes.

After soaring to record highs in October to nearly $58 million, adult-use recreational cannabis sales hit a new peak in November by surpassing $60 million for the first time. On the medical side, after reaching $73 million in March and April, sales fluctuated throughout the year.

Thu
13
Jan

Top Marijuana Stocks To Buy In 2022? 2 To Watch Right Now

stocks

Investing In Marijuana Stocks Right Now Could Be The Thing To Do In 2022

Some marijuana stocks are starting to see a slight increase in trading. Now, this is based on the recent momentum since the start of the new year. This past year the sector was faced with a lack of upward consistency. Mainly due to federal cannabis reform failing to pass. When that happened many thought the sector would not reach its full potential. Yet on a state level, many pure-play and MSO cannabis companies were able to flourish. With that form of progress, it was all outside of the market. Yet with fear and caution for those invested this outside progress did very little inside of the market. Right now in the sector, there are more volatile spikes.

Thu
13
Jan

Should Louisiana break up medical marijuana monopolies to lower prices?

girl smoking joint

When Louisiana's first legal smokable medical marijuana was made available on Jan. 1, patients like Corbet King of Wisner were excited about the product that they believed would be a more affordable option than tinctures, oils and edibles.

After all, affordability was one of the key selling points when the Legislature passed a bill last year to add the plant's unprocessed flower to the products that Louisiana's two legal growers and nine regional pharmacies could offer to patients.

But when King and other patients arrived at their pharmacies they were surprised to find the flower product in some cases was just as costly or even more expensive, depending on the pharmacy.

Wed
12
Jan

‘Battle royale’: Cannabis regulation bills pit regulatory agency against some marijuana businesses

kush

An effort by state regulators to rein in sale of intoxicating cannabis that can be produced with materials outside their authority has some major business interests crying foul.

The Washington Liquor and Cannabis Board has requested a change in the law that would explicitly permit it to prohibit the sale of intoxicating materials derived from hemp. The request comes on the heels of rulemaking started in earnest by the board last year after it was discovered that some of the state’s retailers were selling products including “delta-8 tetrahydrocannabinol (THC),” an intoxicant chemically similar to delta-9 THC found in adult marijuana plants, that had been produced from hemp, which was made federally legal following passage of the 2018 farm bill.

Wed
12
Jan

Down 15%, Is Innovative Industrial Properties a Buy?

business section

The company is by far the most significant REIT specializing in the marijuana industry.

The marijuana industry is not currently popular with investors, to put it mildly. That's having a knock-on effect with cannabis real estate investment trust (REIT) Innovative Industrial Properties. Despite being a consistently profitable company that doesn't actually grow or sell any weed itself, Innovative is being punished like its peers; its share price is down by over 15% so far this young year. A submerged stock price doesn't necessarily mean a company is a bargain, however. Let's explore whether Innovative stock is a good buy or a dangerous falling knife investors should avoid.

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