United States

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the US
Mon
14
Jan

Don't call it "weed," and other tips from the Cannabis Media Summit

he first biannual Cannabis Media Summit took place a few weeks ago, hosted by Duane Morris, a law firm with a cannabis practice. Tickets cost a hundred and forty-nine dollars; the proceedings started at 9 a.m. in the firm’s midtown offices, which smelled not faintly of the subject. More than a hundred paying attendees turned out to hear journalists from outlets including dope (“Defending Our Plant Everywhere”), Mary (“the mature voice of cannabis culture”), High Times, and the Boston Globe speak on panels with titles like “Getting the Scoop” and “The Rise of Marijuana Podcasting.”

Mon
14
Jan

Enjoy it while you can Cannabis Canada, your edge is already eroding

Green Growth Brands Ltd., a U.S.-based cannabis retailer with a large footprint in Nevada, was all geared up to enter the Ontario market until an unexpected announcement in mid-December by the province placed a drastic cap on the number of retail licences issued for pot shops.

Citing supply concerns, the provincial government changed its rules from handing out more than 1,000 promised licences to a mere 25, which are being be chosen using a lottery system.

Mon
14
Jan

Labeling bill tops Oklahoma medical marijuana agenda

The Oklahoma Legislature’s top two voices on medical marijuana are hoping to quickly pass testing rules this session before moving on to more controversial issues.

Sen. Greg McCortney, an Ada Republican who co-chaired a medical marijuana working group that met ahead of the session, said testing and labeling will be the first priority because the state doesn’t have a framework for making sure smokable marijuana isn’t contaminated.

“We cannot guarantee the safety of the products being sold in Oklahoma, and well, that is obviously not a good thing,” he said.

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14
Jan

Growing demand, community acceptance boost CT's medical marijuana program

Litchfield County this spring will debut its first-ever medical marijuana dispensary in Torrington, about five years after city officials amended a key zoning regulation allowing local distribution of the drug.

Shortly after Connecticut legalized medical marijuana sales in 2012, Torrington created dispensary overlay zones allowing the retail clinics. The city's aim was simple: shorten commutes for thousands of local patients to access cannabis.

Those regulations piqued the interest of myriad entrepreneurs who wanted to open a dispensary; four received local zoning approval, and one was recently granted rights to open a facility by the state Department of Consumer Protection, which regulates the industry.

Mon
14
Jan

Cura Cannabis solutions sues competitor Bloom Farms for defamation

A social media campaign to boycott the cannabis extract company Cura Cannabis Solutions has led to a lawsuit. On Friday, Cura filed a lawsuit in Alameda County, California, accusing Bloom Farms of defaming the company online using anonymous Twitter and Instagram handles. The lawsuit alleges persons working for or on behalf of Bloom Farms orchestrated a campaign with “malicious intent” to ruin Cura’s business.

Mon
14
Jan

Medical marijuana may finally be on its way in West Virginia

Medical cannabis is supposed to be available in the Mountain State on July first, but federally charted banks have declined to accept any of the money in fear they'd be violating federal drug and banking laws.

Attorney General Patrick Morrisey says that technically that is possible, but its unlikely there would be any prosecutions.

So, the Legislature can set up a financial transaction system to handle medical marijuana payments and fees.

"Number one, federal law prohibits medical cannabis. But, number two, there is a very clear non-enforcement policy of federal law that's been in place for a number of years. And in fact in 30 states we have not discovered that there's been any enforcement action," said Atty. Gen. Patrick Morrissey, (R) West Virginia. 

Mon
14
Jan

NYC Cannabis Film Festival aims to reduce stigma of marijuana use as New York moves closer to legalization

When the first NYC Cannabis Film Festival was held in 2015, organizers hoped to minimize the stigma surrounding marijuana use in the public's perception. Now, with recreational pot already legal in 10 states, this year's festival could be the last before New York becomes the latest state to lift its prohibition on the drug. 

Mon
14
Jan

Medical marijuana hits market in Ohio this week

The state's roll out of medical marijuana has hit plenty of delays. However, the first medicinal marijuana patients are likely to have recommendation filled this week. Here's a look at what to expect.

Editor's note: This is the first of a three-part series examining medicinal marijuana in Ohio, which is expected to be available this week.

The long wait is almost over for supporters of medical marijuana in Ohio.

After months of delays, the first batches of medical cannabis are expected to be sold this week to approved patients.

The state initially wanted marijuana products available in dispensaries by September. But thanks to delays, the state's cannabis growers didn't get started until last summer, and marijuana takes months to cultivate.

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14
Jan

3 Top marijuana stocks to watch in January

With the recent farm bill legalizing hemp production in the United States and even more states moving toward at least partial acceptance of marijuana, marijuana-related businesses are generating new interest among investors. Still, not all stocks in the industry are worth considering investing in, even if the industry ends up growing like the "weed" marijuana is frequently known as.

Mon
14
Jan

Better Buy: Aurora Cannabis vs. Scotts Miracle-Gro

Aurora Cannabis (NYSE:ACB) and Scotts Miracle-Gro (NYSE:SMG) shareholders are probably glad that 2018 is behind them. Aurora's share price fell 35% last year -- although the steep drop stemmed entirely from dilution caused by issuing new shares -- while Scotts Miracle-Gro stock plunged nearly 43%.

It's a new year now, and both stocks have gotten off to a good start. 2019 should be a better year for both Aurora Cannabis and Scotts Miracle-Gro for several reasons. But which is the better pick for long-term investors? 

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