United States

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USA
the states
the US
Fri
16
Nov

Cannabis banking takes off in US as women forge path around ban

A federal prohibition on marijuana has locked U.S. banks out of an industry surging toward $75 billion in sales. Who’s catching that money? A small number of local credit unions, and the women who run their operations.

Fri
16
Nov

Marijuana franchisers hope to make cannabis shops as common as fast food restaurants

Marijuana is all the buzz in Las Vegas in November with the MJBIZCON bringing in over 20-thousand cannabis pros from around the world.  Part of their mission?  Making their business, your business. 13 Investigates uncovers a new opportunity for potpreneurs. 

Millions and millions of dollars, even a billion. Those are the words a marijuana trade group uses to describe the economic impact cannabis could have in Nevada. 

As part of that, some dispensaries may soon be as commonly branded as some of the best known American icons like McDonald's, 7-11 or Ace Hardware as the industry continues to grow like a weed. 

Fri
16
Nov

Marijuana scams are trending on Instagram—and people are falling for them

Ngaio Bealum (@ngaio420), writer, comedian, and resident cannaseur on the Netflix show Cooking on High, told High Times that he makes his connection to California’s legal pot industry obvious in his Instagram posts. Little did he know that by doing so, it made his social media identity vulnerable to imposters attempting to scam people.

“I got a lot of pictures of me, sitting out there holding giant bags of weed, or sitting on a farm or whatnot because that’s what I do,” Bealum says. “I love hanging out at the farm.” 

Fri
16
Nov

Las Vegas to expand MJBizCon to weeklong cannabis trade show

The cannabis world is currently in the middle of what has become one of the largest and most important industry events: MJBizCon.

Hosted in Las Vegas, the annual conference and trade show has seen explosive growth in recent years. So much so that the city of Las Vegas has just announced plans to extend the event. Beginning next year, the three-day expo will become a weeklong cannabis event.

Fri
16
Nov

Strainprint™ Technologies, Lumir Lab and Gynica announce clinical trial partnership establishing world's first and largest database of medical cannabis effects on women

 Strainprint™ Technologies Ltd., the leader in cannabis data and analytics, today announced a partnership with Israeli research leaders, Lumir Lab and Gynica to conduct the world's first international clinical study on the use of cannabis to treat endometriosis. Endometriosis, a condition where tissue from the uterine lining migrates to other organs inside the body affects roughly 180 million women worldwide. It is estimated that 

Thu
15
Nov

Canada's cannabis advantage is going up in smoke as the U.S. moves in

Canada’s competitive advantage in cannabis is disappearing.

Half of the 10 biggest marijuana companies trading in Canada are now U.S. based, including MedMen Enterprises Inc. of Los Angeles, Curaleaf Holdings Inc. of Wakefield, Mass., and Green Thumb Industries Inc. of Chicago. Quincy, Florida-based Trulieve Cannabis Corp. and Boulder, Colorado-based Charlotte’s Web Holdings Inc. are among the top 10.

Canadian companies still take the top three spots north of the border, though the biggest pot company by market value, Nanaimo, British Columbia-based Tilray Inc., is listed in the U.S. and has a market value of US$10.4 billion.

Thu
15
Nov

$4.7B in cash-based cannabis taxes overwhelm IRS

The Internal Revenue Service (IRS) is paying $1.7 million to a Virginia company to handle “large cash payments for processing cannabis federal taxes.”

According to Quartz, the U.S. government collected approximately $4.7 billion in taxes last year on nearly $13 billion in revenue from legal cannabis companies. Most of these companies were forced to pay their federal taxes in cash because about 70 percent of all legal cannabis businesses are unbanked.

Thu
15
Nov

Election returns likely to usher in hemp amendment with farm bill

Last week, millions of Americans took to the polls to cast their vote in the 2018 midterm elections, writes William Sumner for Benzinga. Though the implications for the Democratic Party majority's retaking the House of Representatives are still taking shape, one consequence of the elections could be revival of the 2018 Farm Bill, which contains an amendment that would fully legalize hemp production in the United States.

Thu
15
Nov

New York's marijuana rules taking shape

Governor Andrew Cuomo created a committee a few months ago to make recommendations to the state Legislature on an adult-use recreational program. 

News10NBC Investigative Reporter Jennifer Lewke looked into how programs in other states work and sat down with the only member of New York's committee that lives in our part of the state.  

New York is not forging new ground by developing a recreational plan. A number of other states have paved the way. 

"No one had ever taxed it and setup a whole regulatory framework, and to do that and to be in conflict with the federal law, I don't know... it's just not my idea of a good time," says Governor John Hickenlooper of Colorado.

Thu
15
Nov

Inside look at what's creating a buzz at marijuana business conference

Las Vegas is the center of the cannabis industry this week.  The marijuana Industry Conference is at the Las Vegas Convention Center through Friday, and the gathering of attendees so far has been record-setting.

A total of 30,000 vendors, business owners, and investors flocked to the convention to see what will be big in 2019. "I spend a lot of time in D.C. and I can tell you the tide has turned," said Brady Cobb, the CEO of Sol Global Investments.

Cobb's firm just made a nine-figure investment to get into the medical marijuana industry in Florida. He said their investment was a no-brainer.

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