Marijuana Business News

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stocks
business
Wed
05
Jun

CannaCon to be Largest Cannabis Expo State Has Ever Seen

Detroit, Mi.: Michigan legal marijuana industry is proving to be one of the fastest growing in the nation with Michigan’s recreational market expected to grow three-fold between 2020 and 2023, with annual sales reaching $650 million. CannaCon hasn’t missed a moment in Michigan with the 2nd annual CannaCon cannabis expo set to be the largest the state has ever seen with well over 225 exhibitors, dozens of seminars from industry experts and thousands of expected attendees, taking place at the Cobo Center in Detroit, Michigan on June 21st and 22nd. 
 

Wed
05
Jun

U.S. marijuana stocks are on the move

The U.S. marijuana market is alongside Canada, the largest marijuana market in the world. Because of this, many companies have decided to come forward to take part in the massive opportunity that exists domestically. This has helped to create one of the friendliest investor spaces we have seen to date. In the past year or so, businesses have seen their revenues shoot up moving toward their future valuations with no end in sight. All in all, the world of cannabis is continuing to excite investors and speculators alike. For now, the most important thing is to do all the necessary research before coming to a conclusion about one particular business to invest in.

Wed
05
Jun

Hemp History Week 2019 – Return of the plant!

The USA’s Hemp History Week 2019 kicked off on Monday, and its organisers have an extra spring their step this year.

This year marks the 10th anniversary of the week-long event (June 3-9), the largest educational campaign about hemp in the U.S. This year’s theme is “return of the plant!”.

“The recent passage of the Farm Bill with the Hemp Farming Amendment has removed hemp from the Controlled Substances Act, and legalizes hemp farming in the U.S,” says the official web site. “This June, we will join together in victory across the country as we celebrate the Return of the Plant! and embark on a new era of hemp cultivation in American soil.”

Wed
05
Jun

Outdoor cannabis cultivation has arrived in Canada

Outdoor grow is coming to Canada in a hurry. Health Canada, the regulating body for cannabis licensing in Canada, has now approved three known outdoor cultivation facilities. Meanwhile, several other licensed producers have already announced their intent to enter the nascent space ahead of regulatory changes expected this fall for next generation cannabis products.

To help keep investors in the know, The Deep Dive has compiled data on those public companies that are involved, or intend to be involved, in the outdoor grow segment. To keep things simple, we’ve limited our data to firms that are intending to enter the space for the 2019 and 2020 seasons, and that have secured or acquired land in relation to this business model.

Wed
05
Jun

NYC activists working to bring racial equity to cannabis industry

As the legal cannabis industry continues to evolve, activists and advocates around the country are working hard to ensure that the burgeoning industry is socially equitable.

It’s a struggle that unfolds along multiple intersecting lines, including race, gender, sexuality, class, and more. It’s also an important and increasingly urgent struggle.

Wed
05
Jun

Cannabis stocks surge toward first gain in 6 days

Cannabis stocks traded broadly higher Tuesday, as an upbeat industry research note helped provide a welcome reprieve from the string of losses resulting from concerns over regulatory scrutiny and general stock market weakness.

The ETFMG Alternative Harvest exchange-traded fund MJ, +4.98%  ran up 3.3% in afternoon trade, with 31 of 36 components trading higher. That puts the ETF on track to snap a five-session losing streak in which it tumbled 10% to close Monday at a five-month low.

Wed
05
Jun

How cannabis companies can utilize biometric identification

The modern cannabis space is marked by an ebb and flow of business opportunities within specific market locales; opportunities that arise out of market demand and operational requirements. This notion informs technological innovations in security, including the advent of biometric identification. As the industry continues to mature, business owners in cultivation, processing, and retail environments are entertaining the use of this technology once reserved for such applications as national security.

Wed
05
Jun

These marijuana stocks are taking on big projects for the future

The marijuana industry has been known to be fueled by innovation and new products that are sent into the market. In the past year or so, we have seen companies skyrocket in terms of valuations, due in part to the amount of cannabis that they can grow, but alternatively due to the amount of innovation that they are putting forward for the future of the industry. Many companies have taken on massive projects as they see future projections for cannabis reaching into the many billions. All of this has led to one of the friendliest investor spaces that we have seen in the modern day.

Wed
05
Jun

Hemp farmers in Portugal say 2019 growing season is lost

Some Portuguese hemp farmers say they’ll give up on the 2019 growing season due to continuing jurisdictional confusion between two government agencies over licensing.

The problem started when Portugal’s Ministry of Agriculture issued a clarification in January 2019 making all hemp related authorizations subject to review by INFARMED, the Portuguese Health Regulator that has authority over pharmaceutical products and controlled substances.

Wed
05
Jun

Why Asia is the next frontier for big cannabis

Asia might not seem like a potential hotspot for cannabis businesses, but it’s getting there.

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