Marijuana Business News

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stocks
business
Wed
07
Aug

Thailand is betting big on cannabis. Visit its first legal lab.

The unraveling of harsh anti-pot laws across the world is finally coming to Asia.

In East and Southeast Asia, democracies and dictatorships alike have long skewed toward severe penalties for marijuana users. Thailand, a key ally in America’s global war on drugs, has been no exception.

But the perception of cannabis has begun to change with astonishing speed. Thailand’s right-wing government recently legalized medical cannabis — and identified the creation of a homegrown marijuana industry as a “top priority.” 

Wed
07
Aug

Zimbabwe to repeal cannabis Laws; aims to export crop

Zimbabwe will repeal laws banning the cultivation of cannabis as the country seeks to boost export revenue and offset the global campaign against tobacco, a major source of foreign currency, Information Minister Monica Mutsvangwa said.

The emphasis will be on industrial hemp, which is also illegal, and medicinal cannabis that “will take a long time to set up structures,” Mutsvangwa told reporters in capital, Harare. “The crop can be a good substitute to the leading export crop, tobacco, which is at risk of being banned globally.”

The southern African nation has also secured 400 megawatts of power from Eskom Holdings SOC Ltd. and will make weekly payments to settle outstanding debt with South Africa’s state-owned utility, she said.

Wed
07
Aug

How is marijuana on the black market shifting the industry

The legal marijuana market has all but taken off in the past 6 months to a year or so. In that time, the industry has completely shifted from being somewhat underground to one of the most popular markets of the modern-day. With the growth of marijuana stocks, the industry has seen a large amount of capital flood in as well. All of this adds up to one of the most promising industries moving into the near future.

Wed
07
Aug

Oregon limits the import and export of hemp and hemp products

A few weeks ago, we explained what Oregon’s “total THC” testing requirement is and why it matters from a contractual point of view. Today, we further explore this issue and discuss how it is affecting industry players’ ability to export and import hemp and hemp products to the Beaver State.

Wed
07
Aug

Cannabis stocks in 2019: A summer of hardship for pot companies

Following the legalization of weed in Canada nine months ago, investors flocked to cannabis companies as the nascent industry took its first steps. 

Touted as one of the sectors with the greatest growth potential in 2019, this year saw money rushing into pot stocks. However, cannabis stocks took a hammering this summer amid a series of scandals and regulatory hurdles.

Wed
07
Aug

Study: More Colorado teens are choosing edibles, vapes over smoking cannabis

The explosion in non-smokable marijuana products that has occurred as more and more states and countries legalize the drug seems to be having its effect, according to the latest large-scale survey on Colorado teen cannabis usage. The investigation, published on Monday in JAMA Pediatrics and based on the state government’s biennial health survey, found that 78 percent of Colorado high school marijuana users reported smoking cannabis in 2017. That number stood at 87 percent just two years prior.

Wed
07
Aug

Australia tipped to become 'envy of the world' in cannabis

The Asia-Pacific medicinal cannabis market has been tipped to heat-up by the two companies involved in the launch of a new Australia-based marijuana cultivation business.

Australian start-up Greenfield MC — which was launched in 2018 as an importer and distributor of medicinal cannabis — will now become a grower, under the terms of a new deal with US-Canadian company Emerald Plants Health Source (EPHS).

The two companies will create a joint venture business, Greenfield MC Cultivation, which will develop a cannabis growing operation in Australia for export across the Asia-Pacific market, Business Insider Australia can reveal.

Wed
07
Aug

3 marijuana stocks to avoid like the plague in August

Cannabis stocks got off to a blazing-hot start to begin the year. During the first quarter, the Horizons Marijuana Life Sciences ETF, the very first cannabis exchange-traded fund, gained more than 50%, with over a dozen popular pot stocks rising in excess of 70%.

Tue
06
Aug

Here’s why you need to be careful if you’re investing in marijuana

Executive upheaval and unmet projections have rocked the cannabis industry. Here’s why investors need to be selective moving forward.

This summer hasn’t exactly been sunshine and clear skies for the cannabis industry. Scandals have rocked the buoyant attitudes surrounding the once ascendant industry. As CNBC’s “Mad Money” host Jim Cramer said in a recent segment, “There’s a cloud of pessimism here and not just because these companies keep failing to live up to expectations.”

Tue
06
Aug

Only these 9 cannabis stocks rose in July

During the first quarter, cannabis stocks were practically unstoppable. The Horizons Marijuana Life Sciences ETF, the first-ever cannabis exchange-traded fund to hit the market, rose more than 50%, and 14 popular pot stocks scorched higher by more than 70%.

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