Marijuana Business News

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business
Thu
03
Sep

As the Legal Cannabis Market Grows, the Illegal Market Shrinks

Legal marijuana entrepreneurs are finally starting to win the battle against a long-time enemy—the illicit market. For years, black market operators have undercut cannabis prices and taken away part of the cannabis market share.

But a new study has found that the coronavirus epidemic has accelerated the long hoped for reduction in the illegal market. The legal market has especially taken away business from Mexican drug cartels, according to a report from the Congressional Research Service.

Thu
03
Sep

3 Best Marijuana Stocks in August: Are They Buys Now?

August was a fantastic month for the broad market indexes. That wasn't the case for the cannabis sector, though. Two of the biggest cannabis-focused exchange-traded funds (ETFs) were down last month.

But there were some notable outliers. The three best-performing marijuana stocks in August delivered sizzling returns of 40% or more during the month. Here are those high-flying stocks -- and whether or not they're smart picks to buy now.

Thu
03
Sep

Portland announces 38 applications for 20 recreational cannabis shop licenses

Thirty-eight applicants are competing for the 20 city licenses available to operate adult-use marijuana stores in Portland.

Four of the applicants who met the city’s Monday deadline for seeking a license want to operate a medical cannabis shop in Maine’s largest city, while the rest would sell adult-use marijuana. Under the city’s licensing scheme, medical and adult-use retail shops would be treated the same under the city’s zoning laws and licensing regulations.

Thu
03
Sep

Industrial hemp application period opens in West Virginia

West Virginia’s hemp industry is continuously growing.

“We have seen tremendous growth within the hemp industry these last few years,” West Virginia’s Commissioner of Agriculture Kent Leonhardt said.

The number of West Virginia licensed industrial hemp growers jumped from 24 in 2017 to 305 in 2020. The producers who were granted a permit for the 2020 growing season planned on raising 2,531 acres of industrial hemp.

On Tuesday, the West Virginia Department of Agriculture announced the opening of the application period for the state’s industrial hemp program for the 2021 growing season. It will be the fourth for commercial harvest of industrial hemp.

Thu
03
Sep

Pennsylvania Senator Calls Cannabis State Store Idea A 'Nightmare'

I would like to say kudos to Pennsylvania Governor Tom Wolf for finally calling on the Pennsylvania General Assembly to legalize adult-use cannabis. It would have been better if he had actually thought through what he was proposing and meant it.

Last week, the governor said that he would like to legalize cannabis in order to bring in more revenue for the state and he thinks that selling cannabis in the state liquor stores is the way to do it.

Thu
03
Sep

CannaCon: Grow the Industry With Us

CannaCon the seminal cannabis convention is coming back to Oklahoma City Monday, September 28 to Tuesday, September 29 at the Cox Convention Center.

With over 100 exhibitors showcasing some of the best products in the industry including world class genetics, the latest in packaging, and the latest in extraction equipment, you will find everything you need to grow your cannabis business. CannaCon is dedicated to supporting emerging markets, and Oklahoma is home to a quickly growing medical cannabis industry.

Wed
02
Sep

2021 Will Be THE Year For The Northeast Cannabis Market

As the West Coast matures from the early Green Rush and Midwest markets like Michigan and Illinois hit their stride with recent legalization, all eyes are on the Northeast as the sleeping giant that will radically change the national cannabis landscape for 2021 and beyond. Among the 40 million-plus residing in the tri-state area between New York, New Jersey, and Pennsylvania, the East Coast offers a monumental competitive advantage with substantial opportunities for new players to make their mark as soon as the industry is given the green light to move forward—which is only a matter of time.

Wed
02
Sep

Investors Wanted: 10 Tips for Success

The investor landscape in cannabis keeps evolving. Big-name investors with deep pockets fairly recently caught on to the potential of fast-growing cannabis companies, opening up the possibilities for funding expansions or making changes to the business.

At the same time, high valuations dropped toward the end of 2019 and several companies reported layoffs and course corrections to finish out the year.

With valuations being less speculative in nature and larger and perhaps savvier investors becoming more active in this space, how can your company grab and hold their attention?

Wed
02
Sep

The 6 Best Digital Advertising Options For Every Type Of Cannabis Brand

Some cannabis marketers look down on digital advertising, preferring the idea of building their brands without having to pay for clicks. Others believe that digital cannabis advertising isn’t even allowed.

Both notions are incorrect. First, brands that use digital advertising will be seen by many more eyeballs than purely organic marketing. Second, many forms of digital cannabis advertising are legally compliant in any state, and in some ways, these ads are actually less restrictive than the traditional advertising methods brands have frequently pursued instead. 

Wed
02
Sep

Extraction Service Provider Marijuana Stocks Could Be The Future

What Will These Pot Stocks to Watch Look Like in the Long Term?

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