Marijuana Business News

Synonyms: 
stocks
business
Tue
15
Jan

Opinion: Big is bad for pot stocks in 2019

The marijuana industry delivered a year for the ages in 2018. Although marijuana investors found themselves on the outside looking in, with most pot stocks ending the year down, the cannabis industry gained validity like never before.

Tue
15
Jan

Was Aurora Cannabis smart to buy MedReleaf?

Marijuana stocks have started out 2019 on a positive note, and investors who see the promise of the cannabis industry are looking for the best way to invest in the space.

Tue
15
Jan

Arizonans consumed 61 tons of medical marijuana in 2018

Medical-marijuana patients in Arizona smoked, vaped, dabbed, ate, or otherwise consumed a record 61 tons of cannabis products in 2018, state records show.

The state Department of Health Services published its annual end-of-the-year report on Monday, January 14, and as usual it's got a shit-ton of interesting data for anyone interested in Arizona's experience with state-legal weed.

One of the first numbers from our calculator that caught our eye: Arizona dispensaries sold 2.5 tons of edibles alone last year. That happens to be the total amount of all medical-marijuana products sold in Arizona dispensaries in 2012, the first full year of their existence. You've come a long way, patients.

Tue
15
Jan

Oregon could make history with cannabis export regulations

Oregon officials are considering a bill that would drastically change how cannabis businesses operate and could establish a historic new direction for the industry.

A bill to allow the exporting of cannabis across state lines to neighboring states such as Washington and California is being reviewed by state lawmakers. This could potentially be a huge development as no other state permits the export of cannabis.

Oregon growers have produced significantly more cannabis than its residents can consume. In fact, according to Rolling Stone, Oregon growers are currently sitting on more than one million pounds of cannabis. Currently, there is no plan to be able to sell the extra supplies to in-state consumers.

Tue
15
Jan

Cannabis employees now outnumber pilots and librarians in America

If there's any marker that the cannabis industry isn't slowing down, it's just how many people are now working in it, writes Calvin Hughes.

Tue
15
Jan

Canada's Top 10 Marijuana growers could collectively produce 3.3 Million kilograms annually

The marijuana industry underwent a transformation like never before in 2018. Following nine decades of recreational cannabis prohibition, Canada's Parliament passed the Cannabis Act, thereby legalizing weed for adult consumption. In one act, marijuana went from being a somewhat taboo topic to a legitimate business model.

Mon
14
Jan

Don't call it "weed," and other tips from the Cannabis Media Summit

he first biannual Cannabis Media Summit took place a few weeks ago, hosted by Duane Morris, a law firm with a cannabis practice. Tickets cost a hundred and forty-nine dollars; the proceedings started at 9 a.m. in the firm’s midtown offices, which smelled not faintly of the subject. More than a hundred paying attendees turned out to hear journalists from outlets including dope (“Defending Our Plant Everywhere”), Mary (“the mature voice of cannabis culture”), High Times, and the Boston Globe speak on panels with titles like “Getting the Scoop” and “The Rise of Marijuana Podcasting.”

Mon
14
Jan

Enjoy it while you can Cannabis Canada, your edge is already eroding

Green Growth Brands Ltd., a U.S.-based cannabis retailer with a large footprint in Nevada, was all geared up to enter the Ontario market until an unexpected announcement in mid-December by the province placed a drastic cap on the number of retail licences issued for pot shops.

Citing supply concerns, the provincial government changed its rules from handing out more than 1,000 promised licences to a mere 25, which are being be chosen using a lottery system.

Mon
14
Jan

Growing demand, community acceptance boost CT's medical marijuana program

Litchfield County this spring will debut its first-ever medical marijuana dispensary in Torrington, about five years after city officials amended a key zoning regulation allowing local distribution of the drug.

Shortly after Connecticut legalized medical marijuana sales in 2012, Torrington created dispensary overlay zones allowing the retail clinics. The city's aim was simple: shorten commutes for thousands of local patients to access cannabis.

Those regulations piqued the interest of myriad entrepreneurs who wanted to open a dispensary; four received local zoning approval, and one was recently granted rights to open a facility by the state Department of Consumer Protection, which regulates the industry.

Mon
14
Jan

Cura Cannabis solutions sues competitor Bloom Farms for defamation

A social media campaign to boycott the cannabis extract company Cura Cannabis Solutions has led to a lawsuit. On Friday, Cura filed a lawsuit in Alameda County, California, accusing Bloom Farms of defaming the company online using anonymous Twitter and Instagram handles. The lawsuit alleges persons working for or on behalf of Bloom Farms orchestrated a campaign with “malicious intent” to ruin Cura’s business.

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