United States

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USA
the states
the US
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

Border protection official warns that Canadian cannabis workers and investors risk lifetime ban from the U.S.

A top official of the U.S. Customs Border Protection confirmed earlier this week that anyone working or investing in Canada’s cannabis industry will be treated as if they are an illegal drug trafficker.

Despite that Canada will have legal cannabis nationwide in a month, and that a majority of states have legalized cannabis to some extent, the plant remains illegal at the federal level. The U.S. government views foreigners working in the marijuana industry the same way they would someone working for an illegal drug cartel or as a dealer, regardless of their home nation’s laws.

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

Florida: Legal battles mount over marijuana licenses

As the values of medical-marijuana operations skyrocket, wrangling over Florida’s limited number of pot licenses continues to escalate. Five wannabe operators who got shut out of the state’s first round of medical-marijuana licenses three years ago and recently were shot down a second time are asking a judge for help.

But first, Administrative Law Judge G.W. Chisenhall has to settle an even more basic argument: How many licenses are up for grabs?

Florida Department of Health officials maintain only two licenses are available under a 2017 law aimed at implementing a voter-approved constitutional amendment that broadly legalized medical marijuana. The 2017 law was also intended to curb litigation related to the highly sought-after licenses.

Fri
14
Sep

She left tech to start a cannabis-based line of female self-care products

Cannabis is a new industry but women have to overcome a lot of the same old barriers. Cyo Ray Nystrom, founder and CEO of Quim Rock, left her startup life in tech to launch a line of cannabis and CBD centered female self-care products. Her mission is to create plant-based products that enhance pleasure and foster sustainable practices for vaginal health.

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.

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