Marijuana Business News

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stocks
business
Tue
14
May

Writedowns are likely for these 3 marijuana stocks

The marijuana industry is looking like it could be one of the greatest growth stories of our generation. Having long existed behind the scenes in the black market, the now-legal pot industry is budding, and it has quite the audience in Wall Street.

Last year, the global legal cannabis industry generated $12.2 billion in sales -- and this is just the beginning. Depending on your preferred Wall Street investment firm, the legal pot industry is capable of between $50 billion and $75 billion in worldwide sales by the end of next decade, and perhaps $130 billion to $166 billion in peak yearly sales (although no specific time frame was provided).

Tue
14
May

Oregon’s solution for cannabis over-supply: Quit growing it

Let’s hear it for Oregon, where recreational cannabis is providing an ongoing lesson in elementary economics and the role of government in the marketplace.

Also, let’s hear it for Oregon, where the state’s cannabis producers have grown and processed so much product — a six or a seven-year supply, depending on who you ask, and that’s if every single plant currently under the lights or the sun were ripped out root-and-stem and never seen again. In Oregon, consumers are enjoying record-low prices.

Mon
13
May

U.S. market strategies differ from canadian cannabis leaders

Canadian cannabis companies are taking the world by storm, and industry leaders are taking notice.

Despite growing Canadian interest in the U.S. market one leading cannabis company boss says he prefers to focus on his home market – for the time being. Shares in Aphria have jumped some 25% since company chairman and interim CEO, Irwin Simon joined the business in December last year.

Mon
13
May

One thing Maine’s legal pot industry can’t bank on: Support of financial institutions

The inability of Maine’s cannabis-related businesses to access traditional banking services is a huge drag on the industry, but that may be about to change.

Supporters of a congressional push to protect banks and credit unions that do business with legal cannabis growers, sellers, processors and product makers say it would transform the industry in Maine, especially with recreational sales right around the corner.

Mon
13
May

Weaker than expected cannabis sales ding California budget

California is paying a price for the shaky rollout of its legal marijuana market.

State budget documents released Thursday show the Newsom administration is sharply scaling back what it expects to collect in cannabis tax revenue through June 2020 — in all, a $223 million cut from projections just four months ago.

The reduced income for the state treasury means that slower-than-expected pot sales are punching a hole in California’s budget.

The diminished optimism for retail pot sales comes as shops continue to be undercut by a thriving illicit market, where consumers can avoid taxes that can approach 50% in some communities.

Mon
13
May

Industrial hemp has potential to be a big cash crop for area farmers

The majority of the buzz around the cannabis sativa plant in Oklahoma is focused on the legalization of medical marijuana.

Overshadowed are the steps at the federal and state levels to allow the cultivation and interstate trading of industrial hemp, something that could provide an alternative crop, and financial relief, to area farmers.

Industrial hemp was farmed quite successfully in Oklahoma during the 1940s, and many are seeing the potential for the state to be a major player in the industry.

It’s not marijuana

Hemp and marijuana are often confused, and the visual similarities are one of the biggest reasons hemp has been a dormant industry for decades.

Mon
13
May

How to invest in cannabis as the industry matures

Although the legal marijuana industry is still very much an emerging niche for stock market participants, the market for investing in cannabis is maturing.

In a recent sign of how far the legal cannabis sector has come, BlackRock Funds has made substantial investments in dispensary operator Curaleaf Holdings, the same company that also announced it will sell products infused with a non-psychoactive hemp component in CVS Health Corp (NYSE: CVS) stores.

Mon
13
May

What it's like starting a family business in the cannabis industry

The cannabis plant that we consume is a female plant, writes Diana-Ashley Krach. In cannabis breeding, the "mother plant" is what's used for clippings that turn into clones, which are identical plants that can be grown anywhere. But cannabis is maternal beyond simply bearing offspring; some use the analogy of a mother to describe the plant: she nurtures and heals, and can bring solace to those who need it. When used socially, cannabis brings people together, creates connections, and builds bonds. When used medically, cannabis improves quality of life.

Mon
13
May

Recreational cannabis growers face challenges as they enter the first summer of legalization

Albertans looking for a homegrown high this summer are set to face a shortage of supplies and a set of regulations restricting how many plants can be grown and where they can grow them.

Growing cannabis was legalized alongside recreational cannabis use last October. Alberta Gaming, Liqour and Cannabis’ (AGLC) online store started selling and supplying seeds in January, however the agency has felt the hardships of a nationwide supply shortage, leaving the online store seedless as of last Friday.

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