Recreational Marijuana News

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lifestyle
recreational
Mon
17
Sep

Massachusetts credit union to provide banking services for cannabis companies

GFA Federal Credit Union will begin working with MA weed businesses on October 1.

Massachusetts’ retail cannabis market is perhaps a week or two away. For Massachusetts’ cannabis consumers and business owners, the official start of retail sales has been a long time coming. For regulators and law enforcement, however, several major concerns remain unsettled.

Mon
17
Sep

This has to be the most ridiculous reason ever for a pullback in marijuana stocks

There are good reasons why marijuana stocks could fall, but a border ban for cannabis investors isn't one of them.

Major Canadian marijuana stocks opened significantly lower on Friday after dropping in after-hours trading Thursday evening. High-flying Tilray (NASDAQ:TLRY), for example, opened 16% below its previous close. Canopy Growth (NYSE:CGC) opened 7.5% lower than its closing price on Thursday.

Mon
17
Sep

Heirs to alcohol fortunes turn their attention to weed

Adolphus Busch V—who in addition to having one hell of a name is also the great-great-grandson of the founder of Anheuser-Busch—isn’t betting on beer.

Instead, the New York Post reports, he’s putting his bucks behind legal weed with a new marijuana vape-pen company called ABV Cannabis. And he’s not the only one: Heir to the Jim Beam jackpot, Ben Kovler, recently took his cannabis company public in Canada. So why are these alcohol successors ditching booze for bud?

Fri
14
Sep

What is a trichome and why are they important?

The buds and leaves of the cannabis plant receive the praise for the plant’s benefits, but it’s a much smaller part of the plant that produces the unique set of cannabinoids and terpenes that make up your favorite strains.

From the Greek word, “Tríchōma,” trichomes are tiny, crystal-esque appendages that cover the buds and sometimes the outer parts of the leaves and are what produces the desired cannabinoids as well as each plant’s uniquely aromatic terpenes and flavonoids.

Fri
14
Sep

Marijuana heats up Texas Senate race

Marijuana and drug legalization is turning into a red-hot issue in Texas’s red-hot U.S. Senate race between incumbent Republican Senator Ted Cruz and his Democratic challenger Congressman Beto O’Rourke.

A piece on the Marijuana Moment website by Kyle Jaeger sketches out how pot (and other drug) legalization is increasingly shaping the race.

O’Rourke has made marijuana legalization a major plank in his campaign platform. He wants to end marijuana prohibition at the federal level. He also supports expunging the criminal records of people who have been convicted of non-violent marijuana offenses.

Fri
14
Sep

‘We charge way too much’: Why Nevada’s pot prices are expected to drop

Marijuana prices in Nevada could soon decrease to fall in line with those in more affordable marijuana legal states like Oregon and Colorado, a leader in Nevada’s marijuana industry said Thursday.

Speaking to a crowd of more than 100 at the Las Vegas Medical Marijuana Association’s monthly luncheon, Acres Cannabis CEO John Mueller said price reductions could come as early as next year when up to 42 additional state dispensary licenses are issued for new pot stores to open across the state.

“We charge way too much money for this stuff,” Mueller said. “It’s going to come down.”

Fri
14
Sep

Better marijuana stock: MedMen Enterprises Inc. vs. CannTrust Holdings Inc.

Which stock wins in a matchup between a U.S. marijuana retailer and a Canadian cannabis grower?

Marijuana stocks aren't all alike. MedMen Enterprises Inc.(NASDAQOTH:MMNFF) and CannTrust Holdings Inc. (NASDAQOTH:CNTTF) prove the point. Their business models are very different. MedMen is a U.S.-based company, while CannTrust is headquartered in Canada.

So far this year, CannTrust has turned in a better stock performance than MedMen has. But which of these two marijuana stocks is the better pick for investors now? Here's how MedMen and CannTrust stack up against each other.

Fri
14
Sep

Are hasish edibles legal under medical marijuana laws? Arizona Supreme Court will decide

Attorneys for a Yavapai County resident are asking the Arizona Supreme Court to overturn a lower court decision which makes criminals out of medical marijuana patients who choose to use edibles and liquids rather than smoking the plant’s dried flowers and leaves.

In new filings, the lawyers contend the state Court of Appeals got it wrong earlier this year when it concluded in a 2-1 ruling that a 2010 voter-approved law that legalized the medical use of marijuana does not cover products made from hashish and other extracts of the plant. The majority concluded that hashish, essentially the resin of the cannabis plant and the products made from the resin are legally not the same as the plant itself and its possession remains a crime, even for medical marijuana users.

Fri
14
Sep

Medical marijuana users may seek ‘alternative’ sources in event of Canada Post work stoppage, Canopy Growth says

Canada’s largest licensed producer of medical marijuana says a work stoppage at Canada Post could leave many of its customers without their medications, resulting in some looking for unregulated, black market sources of cannabis to fill the void.

“What ends up happening is that people either go without their medicine or they find an alternative source,” said Jordan Sinclair, vice president of communications at Canopy Growth Corp.

“Those are the choices people have. There is no other legal means of getting cannabis in Canada, aside from through the mail.” The company has written to Canada Post and federal Health Minister Ginette Petitpas Taylor as it prepares contingency plans for a possible strike or lockout at the Crown agency.

Fri
14
Sep

Brace for 'scary down days' in cannabis stocks, marijuana fund manager warns

Brace for 'scary down days' in cannabis stocks, marijuana fund manager warns.

The manager of the first Canadian mutual fund focused exclusively on marijuana has some advice for investors: Get ready for some more “scary down days.”

“I wouldn’t be surprised if we saw a steep, sharp pullback, which will scare all the people that got in late, have a little bit of consolidation and then we start the next phase up,” said Bruce Campbell, founder of StoneCastle Investment Management Inc., which has about $150 million (US$115 million) in assets.

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