Medical Cannabis News

Synonyms: 
mmj
Wed
31
Oct

'No bottom' for pot stocks as investors fret over possible downturn

Concern that cannabis stocks will not be able to weather the storm if markets head for a protracted slump is setting in as shares of major players remain under pressure, according to one asset manager.

Barry Schwartz, chief investment officer at Toronto-based Baskin Wealth Management, expects the backdrop of recent broader market declines has investors reevaluating the risk of owning a piece of the much-hyped cannabis sector. Baskin has over $1.1 billion in assets under management.

Wed
31
Oct

Getting medical cannabis in Australia is too complicated

Although Australia legalized the medicinal use of cannabis in 2016, accessing it remains a lengthy, bureaucratic ordeal that’s left many Australians frustrated. The introduction of a new online application was intended to simplify the process. But reports from Down Under have indicated that the road to acquiring medicinal cannabis in Australia might be bumpier than most people realize.

Wed
31
Oct

Thailand blazes ahead with push to legalise medical marijuana use

Thailand is rolling out plans to legalise medical marijuana, an official told AFP Wednesday, as the country hopes to cash in on a multi-billion dollar industry with a product its supporters hail as some of the world's best.

Several nations have embraced the use of medicinal cannabis, including Canada, Australia, Israel, and more than half the states in the US.

But Thailand would be the first country in Asia to do so, tapping into a market that US-based Grand View Research has estimated could reach US$55.8 billion by 2025. A draft bill to permit its limited use has been sent to the military junta's National Legislative Assembly (NLA).

Wed
31
Oct

Florida House seeks to defend medical marijuana law

The Florida House is seeking to intervene in a potentially far-reaching legal battle about the constitutionality of a 2017 law that set regulations for the state’s medical marijuana industry.

House lawyers last week requested approval to help defend the law, which was designed to carry out a constitutional amendment that broadly legalized medical marijuana. A Leon County circuit judge this month sided with a Tampa-based firm that contends the 2017 law did not properly follow the constitutional amendment, in part because the law capped the number of medical marijuana licenses that can be issued.

Tue
30
Oct

4 effective ways to build a standout cannabis brand

It's easy for your business to get lost in the crowd. Here are some tips on how to help consumers find you.

As the retail cannabis market becomes more crowded, it is more critical than ever for your brand to stand out from the competition. While the quality of a product is important, quality branding can be the difference between making it big or drowning in the noise. Here are some key factors to consider to take your cannabis brand to the next level:

Tue
30
Oct

Michigan: Medical marijuana businesses without a state license will be shut down on Thursday

People in Michigan who use medical marijuana may have a difficult time getting their medicine after Thursday. Monday was the last day for medical marijuana businesses to potentially receive a state license.

That’s because the state board in charge of granting licenses held its final meeting before an October 31st deadline. Businesses that didn’t receive the state’s blessing will be shut down on Thursday.

Linda Smith’s Haslett business helps people get medical marijuana cards. She’s says the threat of shutdowns has her patients worried about getting their medicine. “There is a tremendous amount of anxiety on the part of the patients because they rely on the provisioning centers,” she says.

Tue
30
Oct

Sellers, growers not alone in marijuana business

Pot shops and cannabis cafes may one day become the face of recreational marijuana in Massachusetts, but ancillary businesses -- those working behind the scenes -- are lining up today to try and capitalize off the budding industry.

The evidence was on full display Oct. 19 at the second Cannabis World Congress & Business Expo at the Hynes Convention Center in Boston. Dozens of businesses from across the state, country and globe convened to trade ideas, create partnerships and celebrate the fast-growing medical and recreational market.

Tue
30
Oct

Vermont CBD makers and sellers stress purity, standards

Derek Mercury, owner of Jeffersonville, Vermont-based Maple Plus, says simple is better.

“It’s a very simple product,” he says of the enhanced maple sugar that became available on April 20 of this year. “There’s just two ingredients.”

Those ingredients: maple sugar derived from Vermont pure maple syrup and cannabidiol (CBD), one of the chemical components of hemp, which he adds in the production.

Tue
30
Oct

Opportunity grows in Oklahoma medical marijuana lab

Opportunity is growing in Oklahoma's medical marijuana industry as fast as brand-new seedlings. With $5.7 million in licensing fees already collected from patients, caregivers, dispensaries, growers and processors, the state is ready to regulate the new industry.

2 Works for You met a husband-and-wife team determined to make it big in the field of cannabis. Cynthia and Chip Paul co-founded Gnu Pharma and have already launched other companies to meet the needs they anticipate in the medical marijuana industry. They set up operations in a small industrial Park in Owasso.   "We've actually only been here a month," entrepreneur Cynthia Paul said. "We're still pretty new in this facility."  

Mon
29
Oct

Australian researchers will test THC on brain cancer patients

A group of Australian researchers will be the first to conduct a clinical trial to determine whether cannabis will kill brain cancer cells in live patients. Nearly 82 patients with glioma, a form of brain cancer, will be chosen to take medical THC for a three month period along with their regular treatment. Ideally the THC will slow the growth of cancerous cells in addition to killing them and preventing regrowth.

“The standard treatment for a brain tumor is basically surgery, chemotherapy and radiation,” said Dr. Janet Schloss from Endeavor College of Natural Health. Dr. Schloss hopes the trial will improve the patients’ overall quality of life. 

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