Marijuana Business News

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Wed
12
Jan

Past Marijuana Use Won’t Cost You A Federal Job, Top Official Loosens Restrictions

job interview

While federal law on a person’s past use of marijuana remains relevant, it is not determinative to decisions on eligibility for access to classified information or eligibility to hold a sensitive position.

For years, marijuana use has been ‚ÄĒ and still is ‚ÄĒ a red flag on a security clearance review. However, the¬†sentiment seems to be changing, as more states move to legalize the plant,¬†Marijuana Moment¬†writes. Avril Haines, director of national intelligence (DNI), says that security clearance applicants who have used cannabis should not be instantly rejected when applying for a federal job. This internal notice, distributed to nearly 100 agencies in late December, builds upon guidance previously approved under the Obama administration.

Tue
11
Jan

Say Hello to Happier Periods with Holief‚ĄĘ

woman in pain

 

Holief‚ĄĘ¬†is proud to introduce a new line of women's wellness products that reduce the symptoms of PMS and menstrual cramping. 80% of women suffer from painful periods and we believe it is time for that discomfort to end. Holief's plant-based products include naturally grown hemp extract products, which are effective in targeting the physical, mental, and emotional symptoms of the menstruation cycle.

The Women's Wellness collection offers a range of products, including pain relief creams, gummies, and oral drops. These products help ease cramps, establish hormone balance, reduce tension and swelling, promote relaxation, calm muscle and joint aches, and improve sleep.

Tue
11
Jan

2 Routes to Ensuring New Cannabis Entrepreneur Success

entrepreneur

The cannabis stock sector is booming, with legalization and decriminalization of marijuana in the United States and abroad rapidly expanding. Investors want to know more about the cannabis investment opportunities from industry-leading experts. Today, we chatted with Serge Chistov, Chief Financial Partner with Honest Marijuana Company. Honest Marijuana Company is an eco-conscious cannabis growery. Serge has shared his expert insight on cannabis-related topics from financing to trends and product development, political environment and more with many high profile publications. He also has a background as a stockbroker and in wealth management services.

Schaeffer's: What opportunities does Honest Marijuana Company see for the cannabis industry as a whole?

Tue
11
Jan

U.S. Cannabis Sales Topped $37 Billion in 2021. Will Sales Decline in 2022?

marijuana money

What's in store for the new year and future of weed.

The U.S. cannabis market continues to boom to little surprise, but some experts caution that growth may decline in 2022.

With U.S. sales topping $37.4 billion in 2021, according to a Prohibition Partners' report, most see the new year as another success for pot. Still, regulations on federal and local levels could kneecap America's full potential.

Another Strong Year Expected, But Growth Could Slow: Sources across the board told Benzinga that they agreed with the optimistic projection for 2022.

Tue
11
Jan

Best Marijuana Stocks To Buy In January? 2 Pot Stocks With Declines This Month

market

Top Pot Stocks For Your Long Term Portfolio

Are you looking for top marijuana stocks while the cannabis sector is down? For almost a year the best cannabis stocks have been experiencing declines with most setting new lows in the last 2 months. For the most part, these declines can be attributed mostly to delays with federal cannabis reform in the US. As these delays continue the cannabis sector is pricing in 2022 without federal legalization or reform. In recent weeks one of the best performing parts of the cannabis sector has also experienced significant declines.

Mon
10
Jan

NutraLife Accelerates Expansion Into the Rapidly Growing $11 Billion CBD Industry

products

NutraLife Biosciences Inc. (OTC: NLBS) announces a feature article released by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, covering NutraLife’s rapidly growing expansion plans.

CBD has become one of the fastest-growing wellness products globally, reaching more than $11 billion in global sales last year. According to Market Data Forecast, these sales will continue to grow at a 22.2% annual pace to nearly $31 billion by 2026. As a result, companies building an early presence in the industry could be in a great position to profit.

Mon
10
Jan

Medical marijuana users brace for shortages as Montana’s recreational market opens

old couple

More than a year after voters approved legalizing marijuana for recreational use in Montana, anyone older than 21 can now walk into a dispensary and buy cannabis. That has medical marijuana user Joylynn Mane Wright worried.

Wright lives in Prairie County, the state‚Äôs fifth-least-populated county, with nearly 1,100 people. She already drives about 35 minutes to get to the marijuana dispensary nearest her home, which is 2¬Ĺ hours northeast of Billings. And now she wonders how much more difficult it will be to get the cannabis she uses to relieve the chronic pain she developed after a 2017 spinal surgery.

‚ÄúI‚Äôm really worried about supplies and what it‚Äôs going to cost,‚ÄĚ she said.

Mon
10
Jan

Almost Half of New York Towns Opt Out of Pot, for Now

new york city

‚ÄėNot in my backyard,‚Äô towns say

Around half of New York cities and towns don’t want marijuana dispensaries or consumption lounges, a cautionary signal for companies hoping to do business in the Empire State.

New York is expected to start recreational marijuana sales in the next year or so, likely becoming the second-biggest market after California, with around $4.2 billion in projected sales. Yet when given a Dec. 31 deadline to opt out of participating, 47% of the state’s 1,521 municipalities opted out of having dispensaries and 54% opted out of having consumption sites, according to data compiled by the Rockefeller Institute of Government as of Jan. 7.

Mon
10
Jan

Michigan Collects $271 Million In Cannabis Tax Revenue Since 2019

cash with cannabis

As the cannabis industry expands, Michigan can expect greater tax revenue. Since 2019, the state has collected about $271 million in adult-use marijuana tax revenue, a website called The Center Square reports:  In March 2021, the Michigan Treasury described what adult-use cannabis taxes collected in fiscal year 2020 will fund:

‚ÄúAside from the nearly $10 million in disbursements to municipalities and counties, around $11.6 million will be sent to the School Aid Fund for K-12 education and another $11.6 million to the Michigan Transportation Fund, upon appropriation. The remaining $12.5 million amount will be used toward start-up and administrative costs.‚ÄĚ

Fri
07
Jan

2 Stocks That Could Turn $10,000 Into $50,000 by 2025

person holding chart

This high-growth duo could deliver jaw-dropping returns over the next three years.

Since the end of the Great Recession in 2009, growth stocks have been a powerful force on Wall Street. Historically low lending rates and the Federal Reserve's easy money policies have allowed fast-paced companies to hire, innovate, acquire, and invest in their businesses.

Even with the Fed hinting at raising rates to control runaway inflation, these dynamics are unlikely to change to a large degree anytime soon, which makes growth stocks still a good bet to continue to outperform.

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