Marijuana Business News

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stocks
business
Mon
13
May

New Canada licensing rules may worsen shortage

Canada’s changes to its cannabis licensing requirements may make the country’s persistent pot shortage worse, not better, according to some in the industry.

The Canadian government said last week that it will now require applicants for cannabis cultivation, processing or sales licenses to have a fully built site before they apply. The goal is to alleviate the huge backlog that’s built up since Canada legalized recreational pot in October. About 614 applications were waiting in the queue as of March 31, according to a Health Canada spokeswoman.

Mon
13
May

Hemp as change agent in former Colombian war zone

INTERVIEW: Avelino Martinez Sandoval, CEO at ApagroCOL S.A.S., works with the Colombian national government’s Territorial Renewal Agency (ART), which advances rural reform in the areas most affected by Colombia’s armed conflict. Sandoval works on economic development initiatives that uplift rural communities and indigenous peoples, within the framework of peace agreements between the Colombian government and the Revolutionary Armed Forces of Colombia (FARC).

 

Mon
13
May

Cannabis Infused Skin Care: What Are the Benefits of CBD Oil for Skin?

We are surrounded with a plethora of beautiful, non-aging faces watching us from the billboards and magazine covers. It seems to be paramount to be dashing at all ages and have flawless skin. Fortunately, it appears that CBD oil can help you with that. Chances are, once you’re finished reading this text, you’ll be looking for the nearest CBD store, online or in the real world. Indeed, it is that good.

So, what exactly is CBD? Let’s get this one out of the way before we go on with the rest.

Fri
10
May

Cannabis and CBD infused products continue to be met with open arms for marijuana stocks

Although much of the attention in the cannabis market has been paid to the companies at the top who are the large producers of the raw substance, it seems as though there is a large amount of potential for the companies working to produce cannabis-infused products and products infused with CBD.

These products have seen a large amount of success in both the medicinal side of the industry as well as the health and wellness sector. As many businesses try to catch up to the potential of this market, it seems as though some players are already reaching the top.

Fri
10
May

Full Bloom harvest for Arcadia Biosciences’ Hawaiian hemp facility

Just two months after announcing the launch of Arcadia Specialty Genomics™, a new cannabis-dedicated division of agricultural crop improvement, the company has released images of its first crop of sun-grown, Hawaiian hemp. Arcadia’s new cannabis unit, cultivates six Hawaiian hemp strains on its 10-acre Hawaiian facility.

In March, the company revealed it had been granted an Industrial Hemp Pilot Program (“HIHPP”) License by Hawaii’s Department of Agriculture. The license allows for the cultivation of industrial hemp for the purposes of agricultural and academic research. Hemp and hemp products produced under the program may be commercially sold.

Fri
10
May

New Zealand’s cannabis market may shrink after legalization

Several months ago the Kiwi Parliament passed a law legalizing medical
cannabis, and now they are debating what should be done in regards to recreational cannabis.

The green wave has been growing over the pass few years, and now it has reached some of the most distant places in the world.

New Zealand has had a law that classified cannabis as an illegal drug since 1927, way back when it was known as Indian hemp.

The law was known as the Dangerous Drugs Act, and by passing this law the New Zealand parliament scheduled, among other substances, cannabis, resin collected from it, and all extracts and tinctures made from it.

Fri
10
May

3 ways to buy into marijuana stocks without the risk

Marijuana stocks are all the rage these days as legalized cannabis has hit the scene. Analysts now project that the market for both medical and recreational cannabis use will reach a staggering $200 billion in global sales in just five years. As a result, stocks in the sector have surged on the wave of optimism.

The problem is, marijuana stocks aren’t exactly a slam dunk.

Fri
10
May

Asia's medicinal cannabis market could be worth over $US5.8 billion by 2024, report says

The Asian medical cannabis market could be worth an estimated US$5.8 billion by 2024, Prohibition Partners, a market intelligence and strategic consultancy firm, has found in its latest report. According to analysis, which was released this Thursday, if legislation is introduced in a number of the continent’s major markets, this estimate could quadruple by 2027.

Fri
10
May

Aurora Cannabis extends exclusive supply relationship with Luxembourg

Read entire article here.

Aurora Cannabis Inc. (“Aurora” or the “Company”) (TSX: ACB) (NYSE: ACB) (Frankfurt: 21P; WKN: A1C4WM) announced today that the Company, through its wholly owned subsidiary Aurora Deutschland, has been selected by the Luxembourg Health Ministry as the exclusive supplier in a public bid to supply a second delivery of medical cannabis to Luxembourg.

Fri
10
May

Bipartisan group urges Congress to allow federal banking for cannabis businesses

A group of 38 attorneys general from 33 states and five territories has submitted a letter to Congress earlier this week urging them to advance a bill to allow marijuana businesses access to federal banking system.

The bill is called the Secure and Fair Enforcement Banking Act, or the SAFE Banking Act and it would protect banks that cater to the legal marijuana industry. Currently, cannabis remains illegal on the federal level making it almost impossible for cannabis businesses in states where the plant is legal to find secure banking.

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