Medical Cannabis News

Synonyms: 
mmj
Fri
19
Oct

Tennessee Hemp Supply adds Clarksville business location

A new Clarksville businessis promoting natural "Tennessee-grown" wellness through the healing properties of hemp, minus the "high" associated with extracts for marijuana use.

The products retailed at Tennessee Hemp Supply, 2680 Trenton Road, are safe, proven and legal, says Trinity Mealor, president and CEO.

The chief ingredient and common denominator in Tennessee Hemp Supply's wide range of natural health products is CBD, short for Cannabidiol, which is extracted from hemp.

"We're trying to focus our attention on educating the community on the benefits and applications of CBD," Mealor said. "CBD is an active chemical compound that's found in the cannabis plant, and these are all good, effective products.

Fri
19
Oct

More precaution than promotion for Canadian cannabis tourism

Canada’s move to legalize recreational marijuana this week is unlikely to immediately trigger a flood of pot-fueled tourism, as tour operators and consumers are unsure about rules governing the brand new industry.

There are precedents for Canada to follow in California, Colorado and elsewhere. But observers noted that these U.S. states offering legal recreational marijuana could put a damper on Canada’s own pot travel aspirations: Why go all the way to Canada when you can smoke legally a couple of states away?

On Wednesday, Canada became the first major industrialized nation to legalize recreational marijuana, sparking huge demand. But those in the tourism industry are meeting legalization with more precaution than promotion.

Fri
19
Oct

Utah House, Senate GOP support medical marijuana bill; detractors say it won't happen

House and Senate Republicans appear to be on board with a proposed compromise bill for dispensing medical marijuana in Utah regardless of whether the ballot initiative passes next month. But those who support Proposition 2 say lawmakers are putting on a show and patients would never get medical cannabis under the proposal.

Both GOP caucuses met behind closed doors Wednesday to discuss the bill that could be considered in a special legislative session in November after the Nov. 6 election.

Fri
19
Oct

Five smaller companies expected to profit from Canada’s cannabis legalization

Canada’s move to fully legalize cannabis for adult recreational use on Wednesday has set the stage for the development of a new industry that is expected to generate billions of dollars in revenue. To mark the occasion, MarketWatch profiled the six main players in the emerging sector, all of which are listed on the Toronto Stock Exchange and on U.S. exchanges or on the over-the-counter market. But there are many smaller players, too, some of which remain private companies, and many new players are expected to emerge in the coming months.

Fri
19
Oct

Medical marijuana: Ohio's newest industry has a big problem, what to do with its money

 

When Ohio's medical marijuana dispensaries finally open their doors later this year or early next year, they're expected to rake in a ton of cash. But they probably won't be heading straight to the bank with it.

Most banks and credit unions won't handle proceeds from marijuana-related businesses because the drug is still considered a controlled substance by the federal government.

Consequently, companies providing financial services to marijuana-related businesses could be subject to prosecution for money laundering and other federal crimes. Most aren't willing to take the risk, forfeiting billions of dollars in potential deposits from marijuana growers, processors, retail dispensaries and other related businesses.

Fri
19
Oct

Top cannabis VCs give their best advice on how to invest in the booming marijuana industry

Ever since Colorado legalized cannabis for all adults in 2014, the cannabis industry has blossomed, with a multitude of companies competing to scale up as more states legalize the drug. On Wednesday, Canada became the first G7 country to legalize the plant for all adults.

Thu
18
Oct

Is Tilray a better marijuana stock to buy than Aurora cannabis?

Canada's recreational marketplace has officially opened for business and that means these two companies are about to face off in a battle for market share.

Marijuana users are cheering the legalization of marijuana for recreational use in Canada, but it's not just pot advocates who are excited. Investors are also upbeat because the recreational market for marijuana represents a massive opportunity for sales growth for leading Canadian cannabis companies, including Tilray Inc. (NASDAQ:TLRY) and Aurora Cannabis(NASDAQOTH:ACBFF). Is this a good time to buy one of these pot stocks for your portfolio?

Thu
18
Oct

Canada: Island hemp industry growing with legalization of cannabis

Some Island hemp producers are cashing in on the legalization of cannabis. A B.C. company recently announced the purchase of just over 200 hectares (500 acres) of harvested hemp flowers and leaves (chaff) from P.E.I. Chris Wagner, CEO of Emerald Health Therapeutics, says the transaction was possible because of forward-thinking farmers.

Until recently, it was only legal to harvest, store and sell the seed, fibre and stalk of the hemp plant.  The flowers and leaves were not permitted to be harvested or sold, and would go to waste. "What these farmers did was say 'We're going to take a risk,'" Wagner said. 

Thu
18
Oct

North Dakota: Medical marijuana program to accept applications for patients

Starting Oct. 29, North Dakota medical marijuana qualifying patients and their designated caregivers can apply to obtain registry cards.

Meanwhile, one of the two proposed medical marijuana manufacturing facilities still awaits state approval, and two of the applicants selected to apply to operate dispensaries in Bismarck and Fargo have not yet received local government approval nor met state requirements.

Under the state medical marijuana program, there will be two medical marijuana manufacturing facilities in Bismarck and Fargo and eight dispensaries throughout the state.

Thu
18
Oct

Hemp and CBD set to eclipse the THC marijuana market

As the cannabis market continues to grow, hemp and cannabidiol (CBD) are occupying an increasingly large share of the escalating industry.

 

 

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