Marijuana Business News

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business
Wed
13
Nov

Forget cannabis-infused beverages: Could beverages brewed from cannabis be the next big trend?

There are many ways users can consume cannabis, and beverages could soon become a very popular option. With big beverage companies including Constellation Brands (NYSE:STZ) and Anheuser Busch InBev (NYSE:BUD) showing an interest in the cannabis industry and working on developing products for it, consumers could soon see some exciting new drinks available.

Wed
13
Nov

Coast guard seizes $10 million in black market marijuana headed for U.S. customers

In another dramatic example of how the black market for marijuana continues to thrive in the United States, the U.S. Coast Guard recently announced the seizure of 11,000 pounds of marijuana from international waters in the Caribbean and eastern Pacific Ocean. That equates to about $10 million in value.

In the same operation, the Coast Guard also seized 27,300 pounds of cocaine worth about $367 million.

Wed
13
Nov

DEA says Kentucky has the most illicit cannabis plants per capita in the Country

One of the 17 states that has yet to legalize recreational or medicinal marijuana is the site of some of the most Drug Enforcement Administration raids in the country. Last year, DEA officials seized and destroyed 418,076 cannabis plants in Kentucky.

But where Kentucky really stood out was the proportion of those plants to the state’s residents. A recent analysis by the American Addiction Centers found that the DEA had busted a hearty 9,356 cannabis plants per 100,000 people living in the state.

California had the second most per capita DEA busts, but at 4,572 plants per 100,000 state residents, it’s hardly keeping up with the Bluegrass State.

Wed
13
Nov

The race to create faster-acting edibles

A few years ago, edibles started showing up in the last place anyone wanted to see them. The obituaries. 

First, 19-year-old student Levy Thamba Pongi visited Denver during spring break of 2014 and jumped off a motel balcony after eating a marijuana cookie. Less than a year later, also in Colorado, a seemingly happy 23-year-old named Luke Goodman died by suicide on a ski vacation in Keystone -- a tragedy his family blames on cannabis candy. Earlier that day, he’d tried a couple of pieces, and when he didn’t feel anything, popped a few more -- four peach tarts and one red velvet in all, five times the recommended dose.

Tue
12
Nov

Wisconsin Assembly set to pass bill helping hemp industry

The Wisconsin Assembly is scheduled to give final approval to a bill designed to help the state's industrial hemp industry as the program enters its second year.

The bill up for approval Tuesday would align the state's program with new requirements under the 2018 federal farm bill, while also allowing Wisconsin to retain control.

The bipartisan measure is designed to help farmers, hemp processors, retailers and consumers as the industry in Wisconsin grows.

The bill comes as some lawmakers and Democratic Gov. Tony Evers are pushing the Legislature to legalize medical marijuana and decriminalize small amounts of pot. There is also a bill to fully legalize recreational marijuana.

Tue
12
Nov

With hemp still not 100% legal in the U.S., this 1 CBD is a safe bet

When the farm bill was passed last year, it opened many doors in the U.S. for companies to be able to sell cannabidiol (CBD) products to customers. As long as they were derived from hemp, the products were safe to cross borders. However, there is one important caveat, which is that individual states would have to set up their own hemp programs. In what's almost a reversal of marijuana legalization where it's illegal federally but legal in many states, hemp still has some holdout states that haven't legalized hemp just yet, and that could create some obstacles for the industry.

Tue
12
Nov

'Expect weakness': Canada's 4 biggest pot companies report earnings this week

The analyst behind a bullish call on the battered Canadian cannabis space is predicting near-term weakness, adding to pessimism hanging over the sector as the heavyweights get ready to report quarterly numbers this week.

Tue
12
Nov

Heavy marijuana use could double stroke risk for young people, study suggests

Young people who use marijuana frequently are more than twice as likely to have a stroke compared to those who don't use the

Tue
12
Nov

Law keeps medical marijuana out of vets’ reach

Imagine living in fear of doing something that’s perfectly legal in Massachusetts.

This is the maddening “Catch-22” that our veterans face when they purchase cannabis at a medical marijuana dispensary to treat conditions like PTSD and chronic pain issues.

Our servicemen and women are looking over their shoulders, worried that they’ll lose their jobs, security clearances, GI Bill loan benefits, disability payments, Second Amendment rights and access to other medications if they publicly disclose their legal use of cannabis.

That’s because under federal law, which the U.S. Department of Veteran Affairs is obligated to follow, marijuana is still classified as a Schedule One Controlled Substance — an illegal drug.

Tue
12
Nov

3 Cannabis stocks that have generated a real operating profit

Marijuana is expected to be one of the fastest growing industries on the planet over the next decade. This strong double-digit annual growth rate is a big reason why investors have flocked to pot stocks in droves over the past three-plus years.

However, things haven't gone as planned, which really shouldn't be much of a surprise. All next big thing investments eventually encounter growing pains, and the cannabis industry is currently contending with its fair share of problems.

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