Marijuana Business News

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Wed
24
Mar

Cannabis Businesses Can Shield Against Product-liability Claims by Managing Supply Chain

Product-liability cases are among the most damaging lawsuits a business can face. The cases – often involving a defective product that causes injury or even death – can be time-consuming and costly. They also can tarnish a brand’s reputation. Yet many cannabis businesses don’t take this threat as seriously as they should, experts said.

Marijuana businesses “have not given the forethought to the product-liability issue that you might see in more mature industries,” said Jesse Alderman, co-chair of the cannabis practice at Foley Hoag, an international law firm based in Boston.

Wed
24
Mar

U.S. banks happy to have cardholders buy weed online: Lawyers

Banks including Citigroup and Bank of America were happy to look the other way when customers used their credit and debit cards to buy marijuana online, said lawyers defending two men accused of defrauding banks into processing pot purchases.

“Marijuana is a big business and it’s big business for everyone involved, including the banks,” Christopher Tayback, a lawyer for Hamid Akhavan, told jurors in closing arguments following a three-week trial in Manhattan federal court.

Wed
24
Mar

Dispensaries Could Get a Lift from Stimulus Checks

The stimulus checks that many Americans are beginning to receive this week could also stimulate the cannabis industry, namely the dispensaries. Viridian Capital Advisors said it expects the latest stimulus check will translate to higher than normal retail sales in the near-term, as well as inflated wholesale prices, which are driven by that stronger retail demand.

Wed
24
Mar

Cannabis Industry in Mexico: This is what taxes would be like and their effects on the market

One of the main incentives that governments around the world have to create a regulatory framework for the cannabis industry is: The tax collection that this industry generates. Mexico is shaping up to be one of the main industry markets in the world , if we can configure and establish an attractive and competitive market.
It is important to recognize that the fiscal configuration will shape how the market performs within the country. Below, we share our perspective on how we could strike a balance between maximizing income for the country and promoting responsible adult consumption.

Wed
24
Mar

The Year Of Cannabis Industry Consolidation

In a budding industry, every year seems to possess a distinct significance. As someone who has traversed the globe advising on all things cannabis for more than a decade, I can confidently say that no two years have been the same. New patterns and market fluctuations come and go rapidly - a fairly common occurrence as a nascent industry builds its foundation.

Wed
24
Mar

Texas' odds for marijuana law reform? Depends on who you ask.

While proponents of marijuana law reform in Texas are hoping bipartisan efforts this session lead to greater access to recreational and medical cannabis, that may not be likely.

A report from the news site Marijuana Moment shows that top state lawmakers do not expect "sweeping reform" on legalizing recreational use because of skepticism in the Texas Senate. The website, which reports on developments and trends affecting cannabis, is tracking more than 900 cannabis and drug policy bills in state legislatures and Congress this year.

Wed
24
Mar

FDA Warns CBD Companies For Violations

The FDA said in a statement that the products that are the subject of the warning letters have not gone through the FDA drug approval process and are considered unapproved new drugs.

The U.S. Food and Drug Administration has issued warning letters to two companies for selling products labeled as containing cannabidiol (CBD) in ways that violate the Federal Food, Drug, and Cosmetic Act (FD&C Act). Specifically, the warning letters address the illegal marketing of unapproved drugs labeled as containing CBD. The companies are Honest Globe and BioLyte Laboratories.

Tue
23
Mar

How to Grow a Successful CBD Business in 2021

The CBD market has always been a tough place to succeed. And companies experienced yet more hurdles in 2020, as a pandemic and an assortment of lawsuits gripped the industry.

In the face of such strong headwinds, it seems like it’ll also be hard for CBD businesses to grow in 2021. But it won’t be impossible. Despite obvious difficulties, the industry still provides opportunities for well-run companies to establish themselves and prosper.

There are several strategies companies can employ to develop a successful brand in this ever-changing market. But before discussing them, it’s important to understand the challenges that CBD entrepreneurs face.

Tue
23
Mar

Policy changes ruled in favor of Kentucky's hemp growers

 
Tue
23
Mar

Weed Professionals Give Mixed Reception To Reintroduction Of Cannabis Banking Bill In Congress

In 2019, the SAFE Banking Act, a measure that would prevent federal banking regulators from sanctioning banks for working with legal cannabis businesses, passed in the House of Representatives only to languish in the then

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