Marijuana Business News

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Fri
24
Sep

U.S. Cannabis Stocks Rise on Effort to Allow Bank Financing

people at a business meeting

U.S. cannabis stocks like Cresco Labs  (CRLBF) , Curaleaf  (CURLF) , Green Thumb Industries  (GTBIF) and Trulieve Cannabis  (TCNNF) - Get Trulieve Cannabis Corp. Report were rising Thursday following a Congressional vote on a cannabis banking measure.The SAFE Banking Act  was adopted by a voice vote in the U.S. House Thursday as a part of this year's defense budget bill.

While it still must be passed by the full House of Representatives to be added to the National Defense Authorization Act for Fiscal Year 2022, the approval allows for it to be included in the final measure. 

Thu
23
Sep

CBD of Denver Comments on Italy's Cannabis Referendum

graffiti of Denver

CBD of Denver, Inc. (OTC Pink: CBDD), a full-line CBD and hemp oil company and a producer and distributor of cannabis and CBD products in Switzerland and Europe, comments on Italy's cannabis decriminalization referendum, which received the required 500,000+ signatures well ahead of the September 30 deadline to be included in the country's 2022 vote.

"This is another important milestone in the ongoing legalization trend sweeping across Europe," commented Marcel Gamma, CEO of CBD of Denver. "Our Rockflowr business already works with several clients in Italy, and we are well positioned to capitalize on a favorable vote by Italy's citizenry in 2022."

Thu
23
Sep

2 Top Marijuana Stocks to Buy for the Long Haul

stock graphic trending up

The fast-growing marijuana industry is full of opportunities for long-term investors. From growers to retailers to ancillary providers, there's something for every type of investor, no matter their risk tolerance.

While some pot stocks have earned their status as premium buys for long-term investors' portfolios, others have generated significant hype without the businesses or balance sheet growth to support it. Today, we're going to look at two fantastic investments within the marijuana space. Both cannabis stocks have generated significant returns for shareholders and are on track to achieve incredible growth in the years ahead. Let's dive right in.

 

Wed
22
Sep

Stem Increases Footprint On West Coast With Acquisition Of Artifact Extracts And Two Cannabis Dispensaries

hand holding cannabis buds

Stem Holdings, Inc., the first multi-state, vertically integrated Farm-to-Home‚ĄĘ (F2H) cultivation and technology omnichannel cannabis company, announced today that it has¬†acquired Artifact Extracts, a premier cannabis extraction company based in Oregon known for its award-winning concentrates, as well as two dispensaries. (As Originally Seen on Benzinga)

The transaction closed on September 17th. Stem issued 8,209,178 shares of common stock at a deemed aggregate value of US$ 2,925,000.

Wed
22
Sep

U.S. House Approves Bill to Ease Banking for Cannabis Companies

piggybank

The U.S. House of Representatives late Tuesday night approved a bill that would let banks to do business with cannabis companies without fear of penalty, giving traction to the least-disputed reform sought by the growing industry. 

The so-called SAFE Banking Act would be a boon for marijuana companies, which have so-far been stymied by the necessity to deal in cash because of federal restrictions. That has meant they have extra security costs and logistical problems, even as marijuana increasingly becomes legal. Some three dozen states now allow medical or recreational use, according to New Frontier Data, a cannabis research firm. 

Tue
21
Sep

Hemp Insulation manufacturing Plant to be Built in Jerome

Factory workers

A Wood River Valley based hemp insulation manufacture plans to build a production facility in Jerome County along the interstate beginning this fall. Southern Idaho Economic Development said Hempitecture Inc., based in Sun Valley, intends to build a plant at the Northbridge Junction near the Interstate 84 and U.S. Highway 93 junction; a groundbreaking ceremony is set for early October. This is one of the first major business announcements made since a bill was signed into law earlier this year allowing the production and transportation of industrial hemp in Idaho.

Tue
21
Sep

Does home insurance cover cannabis? The answer may infuriate you

Wood house

While cannabis is still classified as a highly dangerous drug on the federal level, there’s no denying bud is big business.

Cannabis is one of the fastest-growing industries in the country, with a record $17.5 billion in sales last year, up 46% from the year before. Since an ounce of marijuana can cost hundreds of dollars, you may be keenly interested to know whether your home insurance would protect you if your cannabis was ever stolen or destroyed. After all, most policies cover trees and houseplants, so why not cannabis?

Tue
21
Sep

Hemp Insulation Factory to be Built in Jerome

factory workers

A Wood River Valley based hemp insulation manufacture plans to build a production facility in Jerome County along the interstate beginning this fall. Southern Idaho Economic Development said Hempitecture Inc., based in Sun Valley, intends to build a plant at the Northbridge Junction near the Interstate 84 and U.S. Highway 93 junction; a groundbreaking ceremony is set for early October. This is one of the first major business announcements made since a bill was signed into law earlier this year allowing the production and transportation of industrial hemp in Idaho.

Tue
21
Sep

Marijuana businesses set to expand in downtown Chicago after city eases limits

Marijuana¬†retailers will have a larger presence in Chicago after the City Council passed a contested proposal to ease zoning requirements for cannabis businesses. The Chicago City Council voted 33-13 to lift the cap of seven cannabis zones in the city with a limit on the number of dispensaries allowed in each zone. The approved proposal will also narrow the downtown ‚Äúexclusion zone‚ÄĚ where dispensaries can‚Äôt open.

Tue
21
Sep

Invest in a Massachusetts Cannabis Cultivation Facility

State of Massachusetts

An exciting crowd funding cannabis cultivation project is scheduled to start this week for Grow Space Orange, the Massachusetts company that develops cannabis cultivation facilities that are leased to licensed growers. Grow Space Orange, Inc, is a wholly owned subsidiary of New England Agriculture Technologies, LLC ("NEAgTech") in which investors are able to get in on the ground floor of an asset-based cannabis business with planned above-average returns plus the exciting possibility of being an owner of a prosperous cannabis cultivation operation. Full details of this and other NEAgTech projects including financial forecasts is on the investor section of the GrowSpaceNE.com website.

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