Marijuana Business News

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stocks
business
Thu
12
Jul

Is it time to invest in marijuana stocks?

There's a bigger buzz about the marijuana industry than ever before. Thanks to a recent vote in Oklahoma, 30 states now have laws in place that broadly allow the legal use of medical marijuana. Nine states plus the District of Columbia have legalized recreational marijuana, with Michigan potentially joining their ranks pending a vote on the issue in November.

That's just looking at home in the United States; Canada's recreational marijuana market opens nationwide in October. Germany, the largest economy in Europe, has an expanding medical cannabis market. Other countries across the world are relaxing laws to allow the legal use of medical marijuana.

Wed
11
Jul

Yazaki absorption chillers help cannabis cultivators grow green and cut costs

With cannabis prices steadily declining, increased electricity prices and electrical supply shortages, energy efficient and environmentally friendly systems are more important than ever to a productive grow facility.

In many cases, 50 percent of energy requirements for cultivation facilities are being used for cooling and dehumidification, resulting in incredibly high energy bills and a huge environmental impact.

Growers need to find and implement systems that are both energy efficient and cost-effective. That’s where a Yazaki absorption chiller can benefit cultivators in commercial facilities. 

Wed
11
Jul

Boston firm offers marijuana-friendly lodging

Good news for toking tourists on their way to Boston: There’s a new collection of marijuana-themed short-term rentals in town, ready to uplift visitors in ways chain hotels cannot. Chocolate on your pillow? That’s so pre-legalization — try a lozenge infused with the cannabis compound CBD instead. Tiny bottles of shampoo? More like tiny bottles of hemp-infused shampoo. A book of coupons to local restaurants on the desk? Replace “local restaurants” with “local dispensary” and you’re starting to get the idea.

These are the offerings at roughly 200 furnished apartments around the Boston area now available for rent from 420 Suites, a spinoff of corporate rental firm Northeast Suites that’s launching this month.

Wed
11
Jul

Cynthia Nixon offering supporters chance to win bong — but contest's legality is in question

Cynthia Nixon is offering supporters high on her gubernatorial campaign the chance to win a bong to highlight her call to legalize pot. But there’s questions about whether the giveaway is legal. Nixon tweeted Sunday about the unusual contest prize for a political candidate.

The clear glass-looking bong contains the signature of Abbi Jacobson and Ilana Glazer, the stars of Comedy Central’s “Broad City.”

Famed defense attorney Ron Kuby called the contest a “technical violation of federal law” that prohibits the sale or offering for sale of drug paraphernalia. The term sale could include offering a bong as a contest prize even if there is no exchange of money, he said.

Wed
11
Jul

California marijuana shops scramble to refill stash with lab-tested weed under new regulations

Nicholas Hughes used to sell a cannabis treat fit for a king: The Elvis, a chocolate cookie infused with 1,000 milligrams of mind-altering THC – 100 times what is now the per-serving dosage limit in California.

“You could not keep them on the shelf,” he said.

But earlier this month, Hughes' dispensary, Cathedral City Care Collective North, parted ways with the cookie, one of tons of cannabis products that can't be sold since California phased in new testing, packaging and dosing standards on July 1. For edibles like the Elvis, the state now imposes a limit of 10 milligrams of THC per serving and 100 milligrams of THC per package.

Wed
11
Jul

Maine medical marijuana veto overturned by lawmakers standing up to Governor

State lawmakers in Maine overwhelmingly voted Monday to override Republican Governor Paul LePage’s veto of a bill that will allow doctors to recommend medical marijuana to patients for any medical reason. 

The House voted 119-23 and the Senate 25-8 to overturn LePage’s veto with support from Democrats and Republicans.

Wed
11
Jul

Aurora Cannabis acquires exclusive Canadian license for world-leading pre-roll technology from CannaRoyalty

Aurora Cannabis Inc. ("Aurora") (TSX: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) and CannaRoyalty Corp. (CSE: CRZ) (OTCQX: CNNRF) ("CannaRoyalty") (together the "Companies") today announced that the Companies have signed a binding term sheet (the "Agreement") whereby Aurora is purchasing CannaRoyalty's exclusive Canadian license to use and commercialize pre-roll technology developed by Wagner Dimas for an aggregate consideration of C$7 million in Aurora common shares (the "Purchase Price").

Closing of the Agreement is subject to certain conditions, including regulatory approval.

Wed
11
Jul

Canopy Growth to buy Tokyo Smoke owner Hiku Brands for C$269.2 million

Canada’s Canopy Growth Corp (WEED.TO) is buying Toyko Smoke cannabis owner Hiku Brands Co Ltd HIKU.CD for C$269.2 million ($205.3 million), the latest deal in a fast-consolidating sector ahead of legal recreational marijuana sales.

Canopy Growth on Tuesday offered 0.046 of its shares, or C$1.91 per share, for each Hiku share held, a premium of 30 percent to Hiku’s Monday close. Hiku said on Tuesday it had terminated its deal with WeedMD Inc (WMD.V), citing Canopy Growth’s “superior proposal.”

Wed
11
Jul

How Israel's weed tech industry is taking on America's opioid crisis

America is beginning to see cannabis as an alternative to prescription pills. Israel is years ahead - and its entrepreneurs want to curb a crisis of opioid addiction that is completely out of control.

Years ago, when Perry Davidson sold weed in the Israeli desert, he noticed that most of his customers weren’t just in it for the high. From cancer sufferers to those recovering from operations, most came seeking refuge from pain - without the addiction of prescription pills.

Wed
11
Jul

The weird and wonderful world of Las Vegas cannabis culture

The delicate balance of mixing cannabis and tourism in Las Vegas.

The party bus is a Las Vegas staple. Hop on board with a few of your pals and cruise around the Strip while taking in the sights and energy of Sin City, typically with a beverage in hand. Some buses come with a bar, others come with a stripper pole, but Herbology Tours is putting a new spin on the concept altogether by focusing on the culture and community of cannabis.

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