The Palm Springs City Council on Thursday unanimously approved a new schedule for municipal fines that can be levied on cannabis-related businesses that violate the city rules governing them.  In 2019, Palm Springs adopted a set of revised regulations for cannabis businesses, such as dispensaries and production operations, that was motivated largel
A good amount of investors are looking at marijuana stocks from a different lens. What this means is a lot has changed in the sector in regards to how most cannabis stocks have been performing. Especially in the last year. Many investors at one point felt pot stocks were unstoppable in 2020 and early 2021. During this time many cannabis companies w
A former Boulder banker convicted in 2010, sentenced to prison and placed on the hook for $11.9 million in restitution to the Federal Deposit Insurance Corp. for bank fraud in the collapse of BestBank in 1998 has been judged, along with his son and two companies, to be at fault in a case involving the disappearance of a hemp crop. In a case decided
Since its launch in 2019, Cornbread Hemp has expanded its retail footprint to nearly 100 storefronts. But it's the CBD company's direct-to-consumer business that's fueling the majority of its 200% year-over-year sales growth. This time last year, Cornbread Hemp was closing a Wefunder campaign after raising nearly $400,000 from about 900 investors.
The last two decades have seen a great deal of progress in global legalization and regulation of cannabis, both for medical and recreational use. Nowadays, the demand for cannabis is expected to increase significantly from the arrival of cannabis-infused products. The growth of the overall CBD-infused products market is backed by the rising demand
The U.S. Department of Agriculture’s (USDA) National Agricultural Statistics Service (NASS) will mail its first Hemp Acreage and Production Survey to 20,500 farmers across the nation beginning Oct. 18. Growing and harvesting hemp became legal under the 2018 Farm Bill created and sponsored by then U.S. Congressman Mike Conaway of Midland who represe
A hemp CBD company listed on both the Canadian and Frankfurt stock exchanges was a vehicle for securities and wire fraud, according to an indictment recently returned by a federal grand jury in New York. Vitaly Fargesen and Igor Palatnik, both of New Jersey, are accused of soliciting funds based upon false and misleading representations of their co
The Government has started a consultation process to explore the possibilities for the development of an industrial fibre sector using hemp. Advocates for the sector including Hemp Cooperative Ireland, whose members include farmers, engineers and scientists, argue that Irish-grown hemp has significant potential as a renewable agricultural cash crop
Yellowing soybean leaves and drying corn husks are early autumn signs that huge combines will soon gobble grain from vast fields of Nebraska’s two main crops. They also mark completion of a promising but problematic harvest: Hemp. It’s the second year Nebraska farmers can legally grow and process industrial hemp. Original link
Canopy Growth (WEED.TO)(CGC) is looking to dominate the cannabis gummies market with its latest option-based deal hingeing on pot becoming federally legal in the United States.  The Smiths Falls, Ont.-based company announced a deal on Thursday to acquire privately-held Wana Brands, a Colorado-based cannabis edibles brand that claims to lead the cat
AceCann, a Portuguese medical cannabis company, is receiving a €13 million ($18.7 million) investment from Casa Verde, a venture capital fund co-founded by Snoop Dogg. It is the firm’s first investment in continental Europe, according to Sifted. Original link
The Greenwood Police Department (GPD) in South Carolina issued an advisory to parents this week cautioning them about a recent discovery in which a green substance tested positive as heroin, but looked quite a bit like cannabis. The advisory posted on Facebook implores PARENTS: PLEASE READ. In a straightforward approach surely meant to get parents’
A Thursday ruling from a federal judge changed the landscape for the medicinal cannabis market by ordering a permanent injunction against Missouri’s residency requirement. Since 2018, Missouri-based marijuana companies, such as dispensaries and manufacturing plants, have been required to be at least 51% owned by Missourians with at least one year o
The Long Beach City Council this week voted to allow more cannabis dispensaries and delivery-only marijuana businesses, but asked staff to figure out how to pay for the expanded program without raising taxes. “It could potentially cripple the businesses we’re trying to lift up,” Councilman Al Austin said about the rejected tax increase. “That’s my
Medical and retail marijuana sales fell in August for the second consecutive year, while the state's tax and fee revenue also declined, according to the Colorado Department of Revenue's September report.  Prior to last year, marijuana sales throughout the month of August had continuously increased from the previous month since 2014, according to th
Cannabis is booming. New numbers from Nevada’s Cannabis Compliance Board and Department of Taxation show the marijuana industry had more than $1 billion in taxable sales in the last year. What these figures really show is that it is a product everyone is becoming more and more comfortable with. And these gains are for the history books. “It existed
Dutchie, a four-year-old, Bend, Oregon company that charges cannabis dispensaries a monthly fee to create and run their websites and manage orders, is on a roll this year, raising its second large round of funding — this time a $350 million Series D at a $3.75 billion valuation. (Photo Credit: Dutchie/Dutchie Co-founders Ross Lipson and Zach Lipson
State Sen. Mike Regan (R-York) hails from the same county as outgoing Gov. Tom Wolf. The York County legislator is now the second Republican state senator to express support for marijuana legalization in Pennsylvania, according to the York Daily Record.  Regan, a member of the Republican-controlled state legislature, is chairman of the Senate Law a
 Nearly a decade after the first states approved recreational cannabis, righting wrongs from the drug war --including making the business accessible to minorities -- is driving implementation across the country. The wave of recent legalizations in the Midwest and on the East Coast have made social equity a key component of their new regulatory fram