Marijuana Business News

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Fri
19
Mar

House Reintroduces SAFE Banking Act to Protect and Advance Legal Cannabis

The US House just reintroduced the Secure and Fair Enforcement (SAFE) Banking Act, an act that if passed, would help the cannabis industry have access to financial services.

Fri
19
Mar

Florida's Marijuana Market Is About to Explode

Florida's marijuana market consists of 22 Medical Marijuana Treatment Centers (MMTCs). Each center owns a vertically-integrated license that allows and requires them to grow, process, dispense, and deliver medical marijuana. Also, five laboratories are licensed to perform third-party testing of medical marijuana. 

In Florida, the medical marijuana license allows the current MMTCs to build out as big of a footprint as possible in preparation for adult use (recreational) legalization. This regulatory framework is unique from most other states, which provide specialized licenses and have a cap on the production of marijuana per license-holder.

Thu
18
Mar

Minority-owned businesses push for Illinois cannabis equity

More than a year into the legal recreational marijuana industry in Illinois, a glaring omission remains among minority-owned businesses.

When Governor Pritzker and Springfield legislators pushed for recreational use of cannabis, they said they were doing so with an eye towards equity.  Dispensaries opened statewide on Jan. 1, 2020. Yet, 15 months later, no minority-owned cannabis businesses operate in the state.

Illinois’ cannabis business accounted for $1 billion in sales in its first year of legality. However, social equity remains a work in progress.

Thu
18
Mar

7 Challenges Facing The Cannabis Industry In 2021

The future is bright for the expanding herb industry, and there’s never been a better time to grow your own bud business.

Despite the damages caused by the global pandemic, the cannabis industry had a remarkably successful 2020. While most businesses closed their doors, many local governments deemed dispensaries and equipment shops essential, allowing them to remain operational.

The public gained a new appreciation for flower, using it as a form of stress-relief, causing sales to skyrocket. Market expansion snowballed a new wave of legalization efforts in states such as New Jersey and Arizona, with an estimated one-in-three gaining recreational herb access in their state.

Thu
18
Mar

How Are Cannabis-infused Beverages Doing In the Market?

Sales of cannabis-infused beverages were up 40 percent last year, as companies sought to capitalize on new marijuana consumers seeking a familiar form of consumption and those looking for an alternative to alcoholic drinks. Marijuana beverage companies, for example, have been cashing in on health-related trends such as Dry January, when alcohol drinkers abstain for the month and look for alternative ways to relax.

“People are very mindful of the impact of alcohol on their health and their looks,” said Tracey Mason, co-founder and CEO of cannabis-infused, alcohol-free wine company House of Saka, based in California’s famed Napa Valley winemaking region.

Wed
17
Mar

Arizona Dispensaries Rewarding Covid-19 Vaccinations With Free Edibles

A chain of cannabis dispensaries in Arizona is offering an enticing incentive to those who have received a Covid-19 vaccine: free marijuana edibles. The offer from The Mint dispensaries continues a trend of support for coronavirus vaccinations from members of the cannabis community seen in other locations across the country.

Wed
17
Mar

There Are Fewer Worker Compensation Claims in States Where Marijuana Is Legal

marijuana bud

The study of workers ages 40 to 62 found that cannabis had no adverse impact on productivity and offers workers a new, effective form of pain management therapy.

The slow unraveling of the many myths told about cannabis during decades of the War on Drugs continues. In the latest case, a new study has found that states where recreational marijuana is legal have seen a drop in the number of workers compensation cases.

Wed
17
Mar

U.S. Soccer Superstar Megan Rapinoe Says the Cannabis Industry Need More Representation for Women

women reviewing documents

The famed athlete is sponsored by Mendi, her sister's CBD company.

It is true that many, many professional athletes are involved in social causes and charities. But few, like Colin Kaepernick, engage to a level that puts their own comfort and career at risk.

One such person is Megan Rapinoe: Olympic gold medalist, two-time Women's World Cup champion, and 2019 FIFA Women's World Player of the Year.

Beyond her massive professional success, Megan is a feminist icon and an idol to many. In recent times, she’s become one of the faces of the equal pay movement, speaking up profusely on the issue in relation to the U.S. women’s soccer team during the last World Cup, capturing the attention of millions.

Wed
17
Mar

What’s The Real Reason Why The USPS Won’t Ship Vaping Products?

delivery parcels

Fed-Ex and UPS are following suit after the PACT Act was passed by Congress.

Late in December 2020, Congress gave the go-signal to an appropriations bill called the Preventing Online Sales of E-Cigarettes to Children Act (PACT), which prohibits the US Postal Service (UPS) from shipping both tobacco and cannabis vapor products.

Wed
17
Mar

U.S. Legalization Nears: Here Are the Best Cannabis Stocks to Buy

marijauna plants

When this year started, I’d discussed when the United States was set to pursue the legalization of recreational cannabis. Cannabis use has ramped up in North American during the COVID-19 pandemic. Entrepreneurs and investors are scrambling to get in on the largest cannabis market on the planet. Today, I want to look at the best cannabis stocks to snatch up as U.S. legalization talks heat up.

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