Marijuana Business News

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stocks
business
Fri
11
Sep

3 Cannabis Stocks to Avoid Like the Plague in September

Oversupply, pricing headwinds, inventory writedowns, and retail store closures due to COVID-19 containment measures -- these things and more have meant a tough year for the legal marijuana market worldwide. Since the beginning of January, the Horizons Marijuana Life Sciences ETF (TSX:HMMJ) is down 27%. That is an abysmal performance compared with the S&P 500, which is up more than 6% during the same period. 

Fri
11
Sep

A New DEA Rule Means 'Absolute Confusion' For CBD Businesses

A new U.S. Drug Enforcement Administration (DEA) interim rule about CBD and hemp manufacturing has sown distress and confusion in the federally legal industry.

Operators say the rule makes it effectively impossible to produce CBD products legally. On his blog, North Carolina cannabis lawyer Rod Kight wrote that the new rule “threatens to destroy” the industry.

Thu
10
Sep

700 weed applicants, 21 finalists: Some hopefuls aren’t happy about who’s still in the running for Illinois’ 75 marijuana dispensary licenses

When Illinois put 75 licenses to operate recreational marijuana dispensaries up for grabs earlier this year, more than 700 groups submitted 4,000 applications.

On Thursday, the state said 21 of those groups will proceed to the final phase: a lottery to award the licenses.

Thu
10
Sep

3 Meaningful Ways The Cannabis Industry Can Support Black Lives Matter

I am the son of Haitian immigrants, a United States Navy veteran, a husband and father, and the Co-Founder and CPO of a cannabis wellness company. I consider myself a patriot and I love this country. I am also no stranger to racism. As the Black Lives Matter movement has boldly brought to light long-standing, deep-rooted, systemic racism in our country, I’ve noticed my anxiety has markedly increased. I’ve been scared to drive on public roads and I’m apprehensive about speaking up against signs of hate for fear of repercussions and retaliation that would affect both me and my family.

Thu
10
Sep

Seven dead in shooting at illegal California cannabis grow house

Seven people were shot dead this week in the small town of Aguanga, California, where police discovered a large illegal cannabis growing operation.

All seven of the victims were Laotian, while over 20 people appeared to live on the property, according to local law enforcement officials.  

Police were initially responding to a 911 call at the property after the caller reported an assault with a deadly weapon. Authorities encountered six bodies at the ranch, while the seventh victim, a woman, was still alive when they arrived on the scene. However, she died shortly upon arrival at the hospital.

Thu
10
Sep

Investigation Finds No Bias In Maryland’s Cannabis License Award Process

An investigation into the Maryland Medical Cannabis Commission found “no evidence of bias or undue influence in the 2019 license application review process” and that former Del. Cheryl Glenn did not influence the process, despite her pleading guilty in January to accepting more than $33,000 in bribes.

A report released Thursday and written by the Zuckerman Spaeder LLP law firm said several allegations of bias leveled against the commission, including a claim that its former executive director was related to an applicant, were unfounded.

Wed
09
Sep

Social and Racial Equity in the Cannabis Influencer Industry

Both business and culture surrounding legal cannabis have certainly seen a lot of attention over the last few years.

With cannabis rapidly becoming legalized in more U.S. states, we are seeing that culture reach a much broader audience.

But, is that culture representative of Black and racially diverse industry professionals?

Wed
09
Sep

Illinois Considers Ethical Implications of Cannabis License Lottery

Illinois social justice advocates and cannabis applicants alike are speaking up, claiming that the lottery system used to determine cannabis license holders in the state does not give fair opportunities to marginalized groups looking for a seat at the table. 

Wed
09
Sep

2 Marijuana Stocks To Watch After Labor Day

Are These Two Marijuana Stocks Sitting on Future Potential?

Wed
09
Sep

Cannabis Equity Programs Often Fail, But We Can Fix Them

The cannabis industry has an equity problem. 

The prohibition of cannabis has adversely impacted people in communities of color. Disproportionate enforcement of anti-cannabis laws by law enforcement often carries extraneous, life-altering sentences. 

As cannabis legalization is spreading across the U.S., minorities are again being pushed to the fringes as white-owned corporations are taking advantage of new opportunities with the funding to ensure they succeed. Meanwhile, due to the incredibly high cost of bringing a new cannabis brand to market. minority-owned businesses and entrepreneurs are hobbled. 

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