Marijuana Business News

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stocks
business
Fri
17
May

The business of cannabis in the sunshine economy

Business from cannabis is growing fast in Florida; some of it regulated tightly, and some of it without rules. But all of it comes with cash that the banking industry is reluctant to touch. 

The first legal industrial hemp seeds in decades are growing now in South Florida soil.

CBD is showing up in ice cream, gummy bears and cocktails, but the state says the products are illegal.

And millions of dollars are being generated by the medical marijuana industry in Florida, but few banks want the money.

Fri
17
May

Northern Ireland gets first shop for cannabis-based products

Northern Ireland’s first dedicated high street store to sell only cannabis-based products will open in Belfast city centre on Saturday.

The store, which will sell cannabis oil and cannabidiol products, will be launched by the Plant Farmacy company which plans to spend £750,000 (€859,000) in an investment project to open 15 stores across the North.

Fri
17
May

We visited some cannabis grows in Colombia to figure out if the hype is real

If you’ve been keeping up with the state of the international cannabis industry, then you’ve probably heard of Colombia being poised as the next major hub for cannabis exports.

With the perfect climate and geography for cultivation, low production costs, a vast network of experienced professionals in the field (illegal experience is still experience!), and the green-light from the INCB (International Narcotics Control Board) to grow and export over 25 percent of the world’s total production quota (40.5 tonnes), Colombia has had investors drooling over the chance to break into the world’s next star in the realm of legal cannabis.

Fri
17
May

THC Global Secures Medicinal Cannabis Export Licence

Australia’s THC Global (ASX:THC) announced on Wednesday the company has been granted a licence to export medical cannabis by the nation’s Office of Drug Control.

Australia’s Federal Government decided in January last year to permit the export of medical cannabis products. The announcement allayed concerns the country was heading for a glut of medicinal cannabis given the number of players jumping into the industry (and how difficult it continues to be for patients to access products).

Fri
17
May

Discover the barriers of accessing medical cannabis despite reform across Europe

Although regulatory reform has occurred across Europe, many patients still experience barriers regarding accessing medical cannabis, here Prohibition Partners explores further.

Prohibition Partners explains how legislation intended to improve availability of accessing medical cannabis for patients is being hindered by a lack of education in clinicians and regulators.

Fri
17
May

The 3 best marijuana stocks to buy right now

Since their inception, marijuana stocks attracted significant attention. Due to both investment sentiment – and let’s face it, raw emotions – the cannabis sector absolutely skyrocketed. But now, the segment is attracting attention for failing to live up to analysts’ expectations. Is the honeymoon phase over for weed?

Hardly! While cannabis firms have produced some disappointing results during earnings season, that’s no reason to abandon them. For one thing, the resurgent U.S.-China trade war is incredibly favorable for marijuana stocks to buy. Prolonged tensions will almost surely cause us economic damage. An easy fix here is to legalize weed and fully open the door to a multi-billion dollar industry.

Fri
17
May

Thailand: Letting companies grow hemp commercially will create a monopoly

The government's plan to let privately owned companies grow hemp commercially has progressed smoothly for the past two years as part of a three-year trial.

However, BioThai Foundation has said that giving specific companies the right to plant hemp was unfair, adding that farmers should be allowed to grow this cash crop as well. 

Niyom Termsrisuk, secretary-general of the Office of the Narcotics Control Board, announced yesterday that the progress of the hemp-plantation initiative in six northern provinces had shown no problems, so far. 

It added that hemp is good for producing omega-acid rich oil, while hemp fibre can be used for making textiles. 

Fri
17
May

Time running out for firms to grow pot outdoors as they await licences

As warmer weather makes its way across the country, many licensed cannabis producers are still waiting for the green light from Ottawa to start an outdoor crop -- and the clock is ticking.

Health Canada says it has granted one license that includes outdoor cultivation -- which many companies are banking is cheaper than growing pot in a greenhouse or indoor facility -- as of May 9.

The agency would not say which company received its approval, for confidentiality reasons, but Good Buds on Salt Spring Island, B.C., believes it is the first, co-founder Tyler Rumi said.

"We were biting our fingernails a bit. You can't change the season outdoors. So we are extremely grateful and excited to get it when we did," he said of its licence issued on May 10.

Fri
17
May

From the farm to the lab: The future of cannabinoid production

In the near future, cannabis consumers and medical patients will very likely find themselves purchasing cannabis products that were not derived from the marijuana plant. Instead, the cannabinoids could be derived from yeast, gene graphing, or even moss. If all the quality control, consumer safety, and satisfaction boxes get checked, does the source of the cannabinoids really matter?

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