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The number of cannabis industry jobs in Michigan is growing faster than any other state with legal marijuana, according to a new jobs report released on Tuesday. Michigan has surpassed Oregon and now places sixth on the list of the most cannabis jobs by state, as documented by the report from cannabis education resource and marketplace Leafly. Orig
Don't look now, but marijuana stocks are blazing hot, once again. Pot stocks have been on fire since the beginning of November, which follows a roughly 19-month lull (April 2019 to October 2020) where they grossly underperformed. For instance, the ETFMG Alternative Harvest ETF, which holds stakes in dozens of direct and ancillary pot players, is up
A bill that would allow future marijuana shops and hemp businesses to use South Dakota banks will move forward to the House floor after a unanimous vote of approval by the House Commerce & Energy Committee. House Bill 1203 lays proactive groundwork for banks and their subsidiaries to work with any person that acquires an industrial hemp or marijuan
Over a year after the passage of Barbados’ Medicinal Cannabis Industry Act, the Caribbean island nation officially opened for business last month, January 2021. The launch of the sector in the midst of the COVID-19 pandemic comes at an ideal time. The local Barbados economy, as well as the wider regional Caribbean economy have long been dependent o
There is so much promise for the cannabis industry, but so much zigging and zagging in search of sustainable profitability. From the minute that Joe Biden took the oath of office, a new leader perceived to be a cannabis industry supporter, the cannabis industry has seemed ripe for an investor explosion. There has been money on the sidelines waiting
Jeanette Miller says she’s one of hundreds of farmers who were encouraged to devote acreage to an up-and-coming crop that held promise, but is now watching it all slip away. Miller, who operates Eclectic Farmstead in Newfane in western New York, said farmers spent upward of $50,000 to cover costs associated with growing hemp and were waiting for th
More than 18,000 workers are employed in Michigan’s marijuana industry, nearly double the number of cannabis jobs in the state a year ago, according to a new cannabis industry jobs report. “There are now more cannabis workers than cops in Michigan,” said the fifth annual Leafly jobs report, released Tuesday. “In a state known for its auto industry,
As a dispensary builder, one of the most common questions we’re asked is: How much does it cost to build a cannabis dispensary? We usually answer that question with about 20 questions of our own, because no two cannabis retail stores are the same. Even when we build dispensaries for national companies that specify the same design and finishes, we f
Sales of marijuana concentrates shot up more than 40 percent last year and accounted for a larger share of the overall cannabis market, as consumers became more comfortable with the intricate process of dabbing and new technology has made the products easier to use. In addition, some consumers are moving away from vape products because of respirato
State Rep. Yadira Caraveo says her proposal to limit the potency of marijuana sold recreationally in Colorado was just in its beginning stages. But when draft legislation was recently leaked and prominent figures in the state’s cannabis industry created an uproar, the measure started unraveling. Now, Caraveo, a Thornton Democrat and pediatrician,
Will These 3 Cannabis Stocks Give Investors More Market Value Currently, in 2021, there has been more money invested in marijuana stocks and the industry as a whole. As the cannabis industry gears up for the potential of federal cannabis reform there is great excitement behind it. Because of this investors have been making sure they don’t miss a go
About $31 million from adult-use cannabis taxes is going to nonprofits in Illinois as part of the Restore, Reinvest and Renew, or R3 program, and it’s not all going to Chicago. Cannabis sales for January neared $90 million. Since adult-use sales began in January 2020, nearly $757.9 million in cannabis has been sold. The taxes on that can be more th
Floridians said they believe hemp businesses will boom this year and are hopeful about it. “It’s just everything we worked on for two years is now in front of you. It’s very exciting,” said Holly Bell, the Director of Cannabis for the Florida Department of Agriculture. Bell said she could barely contain her excitement looking at all the harvested p
Thirty years from now, hemp advocates envision the versatile crop will play a prominent role in the U.S. economy, used regularly in the production of everyday products including food, fiber, fuel, pharmaceuticals and building materials. But getting to that point is not so simple. Lawmakers must adopt policies to ease the regulatory burden on farme
About $31 million from adult-use cannabis taxes is going to nonprofits in Illinois as part of the Restore, Reinvest and Renew, or the R3 program, and it’s not all going to Chicago. Cannabis sales for January neared $90 million. Since adult-use sales began in January 2020, nearly $757.9 million in cannabis has been sold. The taxes on that can be mor
