Marijuana Business News

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Synonyms: 
stocks
business
Thu
26
Mar

Have Marijuana Investors Just Given Up?

The cannabis industry has gone through a rough period lately. After building extremely high expectations in 2018 with the legalization of recreational marijuana in Canada, marijuana stocks suffered significant losses in 2019. Just when it looked as though 2020 might be a better year for the cannabis industry, disruptions related to the coronavirus outbreak added new challenges.

Thu
26
Mar

Washington Marijuana Dispensaries Can Remain Open During Stay-At-Home Order

Cannabis dispensaries in Washington will be allowed to remain open during the closure of nonessential businesses ordered by Gov. Jay Inslee on Monday. The Democratic governor issued the stay-at-home order in an attempt to slow the spread of the novel coronavirus COVID-19. 

Inslee’s order went into effect for residents immediately on Monday afternoon and will be effective for businesses on Wednesday. The governor’s “Stay Home, Stay Healthy” order is slated to last for at least two weeks.

The order requires all businesses deemed non essential to cease operations that cannot be completed by workers remotely from home. Washington residents were directed to heed state public health advisories to stay home except to pursue an essential activity.

Thu
26
Mar

Coronavirus Outbreak Could Delay Maine Marijuana Launch

The launch of Maine’s new recreational cannabis industry could be delayed due to the coronavirus pandemic that has gripped the world.

The state’s first cannabis stores were supposed to open this month, but the launch was pushed back to June due to delays in the licensing process. Now it could be pushed back even further as the state shuts down non-essential services as a result of the coronavirus outbreak.

There have been 142 cases of COVID-19 so far in Maine. All non-essential businesses have been ordered to cease operations as authorities try to stop the disease’s spread.

Thu
26
Mar

3 Tax Tips for Your Hemp Business

Cannabis businesses have long struggled with Internal Revenue Code Section 280E, which addresses the tax consequences of cannabis’s federally illegal status and severely limits which expenses cannabis operators can deduct when filing their federal tax returns.

Thu
26
Mar

Cannabis Companies Step Up To Help Fight COVID-19

Cannabis dispensaries have been super busy as sales skyrocketed ahead of lengthy lockdowns. With anxiety levels rising, many consumers turned to cannabis to ease their tensions and help make the time stuck inside go by a little easier. For some companies, they have taken extra steps in order to assist in the fight against the virus.

Wed
25
Mar

Marijuana Stocks Vs The Coronavirus

The cannabis industry is comprised of several different subsections that all hold their own inherent values. Although the majority of the market has gone through substantial troubles in the past few weeks due to the coronavirus, some areas of the industry have higher correlations with volatility than others. It seems as though we can break down the cannabis industry into three different sub-sections. First, we have the pure-play pot stocks. These companies are in the business of producing as much cannabis as they can to help supply the various global markets with marijuana.

Wed
25
Mar

How the Coronavirus Could Impact Alabama Hemp Farmers

Last week, Katelyn A. Kesheimer, Ph.D., was supposed to be in Colorado at the National Hemp Research & Education in Colorado. The conference, like much of life in general, was interrupted by the coronavirus pandemic.

But that hasn’t stopped some from doing what they can to drive the industry forward this upcoming growing season. Instead, she and more than 70 other researchers from across the country joined a virtual meeting where they continued charting hemp’s future.

 “We have a vested interest in driving the research forward so growers can get the best crop,” she says.

Wed
25
Mar

Cannabis sales hit new highs in US and Canada

Cannabis sales are touching new highs as customers across the US and Canada stockpile weed to prepare for long spells of isolation because of the coronavirus pandemic.

Between March 16 and March 22, sales of recreational cannabis across key US markets, including California, Colorado, Oregon and Alaska, were up 50 percent and medical marijuana sales rose 41 percent from the same period last year, figures obtained from cannabis point of sale and data platform Flowhub show.

Wed
25
Mar

3 Tips For Cannabis Start-Ups To Be Successful in Global Markets

Thinking about going global? You're not alone.

More than ever, I have been getting messages from all over the world asking me for anything from partnerships to investments in start-up cannabis ventures. Because of the demand, I’ve expounded here what makes a global cannabis start-up successful.

In order to prepare to be successful today, one must recognize a few important factors involved in this increasingly competitive landscape: history, government ambiguity, taxes, the unlicensed market, management approaches, and now, COVID-19.

Wed
25
Mar

Marijuana Businesses Are Ineligible For Coronavirus Disaster Relief, Federal Agency Confirms

The federal Small Business Administration (SBA) reiterated on Monday that marijuana companies are not eligible for disaster relief loans to lessen the blow of the coronavirus outbreak.

Because cannabis remains illegal at the federal level, the marijuana industry is being denied access to these aid opportunities, including programs administered by SBA. The agency's Northwest branch confirmed that in a response to a tweet from a cannabis business owner who inquired about eligibility.

“With the exception of businesses that produce or sell hemp and hemp-derived products [that were federally legalized under the 2018 Farm Bill], marijuana-related businesses are not eligible for SBA-funded services,” the post states.

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