United States

Synonyms: 
USA
the states
the US
Mon
12
Aug

Washington, DC now accepting medical marijuana cards from any State

On Thursday, Washington, DC may have become the medical marijuana mecca of the United States. Mayor Muriel Bowser announced that dispensaries in the nation’s capital will now accept valid medical marjiuana cards from any of the 27 states that have such systems.

Mon
12
Aug

Forget California: This State is far more lucrative to the cannabis industry

Over the next decade, legal cannabis is expected to be one of the fastest growing industries on the planet. After generating $10.9 billion in legal worldwide sales in 2018, various Wall Street estimates have called for between $50 billion and $200 billion in global sales in roughly a decade's time. No matter how you slice the data, it calls for an average annual growth rate that's in the double digits.

Fri
09
Aug

The California cannabis market continues to grow like a weed

Read entire article here.

The last few months have been rough for the cannabis industry and this is a trend that we have seen play out on a year-over-year basis. Due to the historically weak summer trend, we are not running for the hills and have been closely watching the recent activity.

TransCanna Holdings (TCAN.CN) (TCNAF) has been especially impacted by the weak summer trend and this is an opportunity that we continue to monitor. The company has been highly focused on the California cannabis market and we are favorable on the growth prospects associated with the assets in place.

Fri
09
Aug

New Mexico may start allowing Texas residents access to medical marijuana

A New Mexico judge has ruled that recent changes to the regulations affecting the state’s medical marijuana program mean that out of state residents will now qualify to buy cannabis at government-run dispensaries.

“The [word] replacement is a clear sign of legislative intent to widen the reach of eligibility for the New Mexico medical cannabis program,” wrote Santa Fe Judge Bryan Biedscheid, who presided over the proceeding.

The state senator who sponsored the legislation that changed the language of the bill, Democrat Jerry Ortíz y Pino, said that the revision was originally due to a desire to cover individuals who had their medical marijuana cards in other states, or “reciprocal patients.”

Fri
09
Aug

Tracking glitches sew chaos into Washington State cannabis industry

Software snafus in the massive database maintained by Washington state authorities to track cannabis through the regulated market gummed up the works last month — costing businesses hundreds of thousands of dollars in lost sales and even causing some to furlough workers.

Fri
09
Aug

Michigan’s cannabis program receives B+ in national ranking

Americans for Safe Access (ASA) has issued its 2018-2019 State of the States report card for cannabis programs in the United States and Michigan’s ranking remains steady with a B+ grade.

The group issues the reports most years. In 2015 Michigan received a C+ and has been awarded the B+ in each report since, in 2016, 2017 and the current issue.

The report grades each state on a number of different factors including:

Fri
09
Aug

Everything you need to know about medical marijuana in Missouri

Since medical marijuana was passed in Amendment 2 last year, there’s been a lot of change in Missouri already. Marijuana will be legal for those with a qualifying medical condition and the legalization is bringing business, new rules and more changes to Springfield and Missouri.

Here’s everything you should know:

What does a medical marijuana card do?

A qualifying patient card will allow a patient to enter licensed dispensaries and possess and consume medical cannabis in keeping with Missouri law.

By law, patients and caregivers are required to have their medical marijuana ID card available when purchasing or in possession of medical marijuana. 

Fri
09
Aug

N2 Packaging Systems, LLC responds to and initiates claims in lawsuit in Halifax, Nova Scotia, involving Truro Herbal Company, affiliated entities and principals for unauthorized use of intellectual property

Halifax, Nova Scotia.,  N2 Packaging Systems, LLC ("N2 Packaging") responded affirmatively in a filed lawsuit defending its patented packaging processes and intellectual property against misappropriation, unauthorized use and theft.

Fri
09
Aug

Why the 2018 Farm Bill didn’t help CBD products take off

As the S&P 500 miraculously continues to hit new all-time highs, the cannabis sector as a whole is faltering. Despite two monumental cannabis-related events late in 2018, the national legalization of cannabis in Canada and the passage of the Farm Bill in the United States, the early enthusiasm for cannabis stocks just didn’t last all that long. Canada was the first industrialized nation to legalize the adult-use of cannabis and its sale. The 2018 Farm Bill included provisions from the Hemp Farming Act ending nearly 80 years of prohibition on industrial hemp in the U.S. However, the age old trading expression of “buy the rumor, sell the fact,” couldn’t apply more.

Thu
08
Aug

Alaska credit union to end marijuana business pilot program

An Alaska credit union plans to discontinue a pilot program to provide checking and savings accounts to marijuana-related businesses, an official said.

Credit Union 1 will end the program Aug. 30 because critical insurance coverage will no longer be available, The Anchorage Daily News reported Tuesday.

Credit Union 1 announced the program's launch in November to establish financial services for the primarily cash-operated industry.

Marijuana-related businesses cannot continue the program beyond a pilot phase without the liability coverage, said Credit Union 1 CEO James Wileman.

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