Marijuana Business News

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business
Thu
16
Sep

Flower power: Richmond cannabis dispensary is selling dried buds

cannabis bud and cigarette

After months of only being able to sell oil-based cannabis products like edibles and vape cartridges, the Richmond region’s only licensed dispensary can now sell a more traditional form of marijuana.

Green Leaf Medical (stylized gLeaf) kicked off sales of smokable marijuana, both dry whole flower (also called bud) and pre-rolled joints, at its South Richmond dispensary last week.

Adult use of smokable marijuana was legalized in Virginia in July, which paved the way for Green Leaf to expand its offerings. The company already sold its smokable marijuana in Maryland, Pennsylvania and Ohio, where it also operates.

Thu
16
Sep

Hemprise Bets on Federal Regulation of CBD with Construction of 100,000-Square-Foot Hemp Processing Facility

Hemp facility

Hemprise launched in 2019 with the purchase of 25 acres of land in southern Indiana that will eventually house what the company claims will be one of the largest hemp processing facilities in the U.S. with 100,000 square feet of processing space when completed. (Photo courtesy of Hemprise)

The company is completing phase I of the buildout, which consists of a 10,000-square-foot workshop on about half of the property located in Jeffersonville. Hemprise plans to launch phase II of construction when cannabidiol (CBD) is a federally regulated ingredient for food, beverages and dietary supplements, according to Zheng Yang, the company’s general manager.

Thu
16
Sep

3 Things to Watch For When Aurora Cannabis Reports Earnings This Month

After the markets close Sept. 21, Aurora Cannabis (NASDAQ:ACB) will release results for its fiscal fourth quarter, which ended June 30. The troubled Canadian pot company's stock is already down by about 20% year to date -- a sharp contrast to the sector benchmark Horizons Marijuana Life Sciences ETF, which is up 5% -- and the upcoming report could be pivotal in determining whether the share price gets out of the red for 2021. Investors aren't expecting to see Aurora turn a profit in the final quarter of its fiscal year, but there are other ways that the company can show it is making progress. Here are the three main areas you should keep a close eye on when the company reports next week.

Wed
15
Sep

The Cannabis Industry Is Booming; Is This Supplier a Buy?

marijuana leaf

Few investors are unaware by now of the booming cannabis market. The drug is federally legal in Canada and in many U.S. states, and it looks to be on a path toward federal legalization in the U.S. This commercialization of cannabis has led to a boom in growing the plant across North America. One industry that has benefited from this is hydroponics, which is when someone grows a plant without soil. Many cannabis growers utilize this growing method.

GrowGeneration (NASDAQ:GRWG) is a fast-growing hydroponics supplier that is benefiting from this surge in popularity for cannabis. Does that make the stock a buy?

Wed
15
Sep

License regulations in Florida, Massachusetts could impact high-stakes medical marijuana acquisition

woman vaping

A company already drawing scrutiny in Florida for potentially holding a stake in multiple medical cannabis businesses drew similar interest from Massachusetts regulators. Now a high-priced acquisition could hinge on how Florida handles its own licensing rules.Purchases in both Florida and Massachusetts involve the hedge fund Gotham Green Partners. That business last year made a play to purchase most shares of iAnthus, another fund with a heavy stake in the industry. But that’s a deal iAnthus now wants nixed, with iAnthus suing Gotham last month in a Canadian court over details of the restructuring deal, according to the trade publication GreenMarketReport.

Tue
14
Sep

Resonate Blends to Acquire Wellness Cannabis Brand

man shaking hands

Resonate Blends Inc., a cannabis holding company in Calabasas, has signed a letter of intent to acquire Lemon and Grass, a Florida-based cannabis wellness brand.

Lemon and Grass sells products such as relief balms, patches and capsules as well as vape cartridges and PAX pods. The products will flank Resonate’s existing product line, Koan Cordials, a liquid made from cannabis and botanical extracts.

Lemon and Grass products are distributed to more than 40 dispensaries in Florida. The company also has had product trials in California and has licensing plans for multiple states across the country, as well as for provinces in Canada.

Tue
14
Sep

Alliance to meet demand for CBD goods

Ocean Commerce Plc, a provider of original palm oil fuel ash, has joined hands with two cannabis and pharmaceutical business operators to develop water-soluble cannabidol (CBD) extracts from hemp for the first time in Thailand to serve growing domestic and global demand for CBD-based products.

"Our customers do not need to conduct further development because we use technology to make water-soluble CBD that can be mixed with drinks. Other companies in the market have yet to go to this production level," said Teera Chutivaraporn, chief executive of Ocean Commerce Plc.

His company has partnered with Cannabiz Way Co and JSP Pharmaceutical Manufacturing (Thailand) Plc.

Tue
14
Sep

American Green Launches on eBay™ Featuring the Company’s Premium Hemp Cream and Hemp Lip Balm

person online shopping

Today American Green (ERBB:OTC) announced that it has begun selling its Premium Hemp Cream and Hemp Lip Balm by expanding its E-commerce presence on eBay. The company is excited to add sales from eBay as another revenue stream and plans to meet or exceed the success it is currently enjoying following its launch on Amazon last December.

David G. Gwyther, American Green’s president, said, “We are thrilled to offer our premium hemp products on eBay.  Our products will be made available with eBay’s “Buy it Now” function and will include free shipping to all US customers.   Consumers throughout the world will now have direct access to American Green’s premium hemp products on eBay.”  Ebay currently has over 185 million users worldwide.

Mon
13
Sep

Unique NYC real estate firm helping new pot businesses navigate the new landscape

tiny house

The ganja gold rush is on, and a new brokerage firm is all set to cash in on the cannabis business boom, clearing the path for storefronts and warehouses making plans to bring pot to the people.

Not since the internet gave birth to new ventures across the industry spectrum has the marketplace been so ripe for new business blood.

Mon
13
Sep

2 Cannabis Stocks That Can Soar Even if the U.S. Doesn't Legalize Marijuana

stock arrow going up

Cannabis stocks have been struggling over the past six months, with the Horizons Marijuana Life Sciences ETF down more than 30% while the S&P 500 has risen by 17%. Though optimism was high when the Democrats took control of the Senate earlier this year, a lack of progress with respect to the federal legalization of marijuana may have led investors to look for other near-term growth opportunities instead. Although the majority of Americans are in favor of legalizing pot federally, it still could take years before that happens.

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