Ohio's medical marijuana cultivators who have complied with rules and regulations can now request permission to expand their grow space, the Ohio Department of Commerce announced Wednesday. The expansion process comes as the Buckeye State plans to more than double the number of its dispensaries after a cultivator, Fire Rock Ltd., sued the state for
Investing in cannabis stocks can be like looking for a goose that lays golden eggs -- but finding only lemons much of the time. Between the ever-present hype about questionable companies and the industry's struggles with efficiency, even savvy buyers can make mistakes; I know I've made a few!  The good news is that becoming a wiser investor is easi
In response to a request from the Domestic Policy Office in the White House, the National Hemp Association released an economic impact report titled, “Building the Sustainable Hemp Industry in the United States.”  The report was presented to the White House last week and outlines a pathway to establish a new sustainable economy around hemp fiber an
Consolidation in the cannabis industry is inevitable. As long as marijuana remains federally illegal in the U.S. and cannabis companies need to expand via acquisition to penetrate more states, marijuana businesses will continue to join forces. One deal that investors will want to pay close attention to right now involves cannabis producer TerrAscen
After months of only being able to sell oil-based cannabis products like edibles and vape cartridges, the Richmond region’s only licensed dispensary can now sell a more traditional form of marijuana. Green Leaf Medical (stylized gLeaf) kicked off sales of smokable marijuana, both dry whole flower (also called bud) and pre-rolled joints, at its Sout
Hemprise launched in 2019 with the purchase of 25 acres of land in southern Indiana that will eventually house what the company claims will be one of the largest hemp processing facilities in the U.S. with 100,000 square feet of processing space when completed. (Photo courtesy of Hemprise) The company is completing phase I of the buildout, which co
After the markets close Sept. 21, Aurora Cannabis (NASDAQ:ACB) will release results for its fiscal fourth quarter, which ended June 30. The troubled Canadian pot company's stock is already down by about 20% year to date -- a sharp contrast to the sector benchmark Horizons Marijuana Life Sciences ETF, which is up 5% -- and the upcoming report could
Few investors are unaware by now of the booming cannabis market. The drug is federally legal in Canada and in many U.S. states, and it looks to be on a path toward federal legalization in the U.S. This commercialization of cannabis has led to a boom in growing the plant across North America. One industry that has benefited from this is hydroponics,
A company already drawing scrutiny in Florida for potentially holding a stake in multiple medical cannabis businesses drew similar interest from Massachusetts regulators. Now a high-priced acquisition could hinge on how Florida handles its own licensing rules.Purchases in both Florida and Massachusetts involve the hedge fund Gotham Green Partners.
Resonate Blends Inc., a cannabis holding company in Calabasas, has signed a letter of intent to acquire Lemon and Grass, a Florida-based cannabis wellness brand. Lemon and Grass sells products such as relief balms, patches and capsules as well as vape cartridges and PAX pods. The products will flank Resonate’s existing product line, Koan Cordials,
Ocean Commerce Plc, a provider of original palm oil fuel ash, has joined hands with two cannabis and pharmaceutical business operators to develop water-soluble cannabidol (CBD) extracts from hemp for the first time in Thailand to serve growing domestic and global demand for CBD-based products. "Our customers do not need to conduct further developme
Today American Green (ERBB:OTC) announced that it has begun selling its Premium Hemp Cream and Hemp Lip Balm by expanding its E-commerce presence on eBay. The company is excited to add sales from eBay as another revenue stream and plans to meet or exceed the success it is currently enjoying following its launch on Amazon last December. David G. Gwy
The ganja gold rush is on, and a new brokerage firm is all set to cash in on the cannabis business boom, clearing the path for storefronts and warehouses making plans to bring pot to the people. Not since the internet gave birth to new ventures across the industry spectrum has the marketplace been so ripe for new business blood. Original link
Cannabis stocks have been struggling over the past six months, with the Horizons Marijuana Life Sciences ETF down more than 30% while the S&P 500 has risen by 17%. Though optimism was high when the Democrats took control of the Senate earlier this year, a lack of progress with respect to the federal legalization of marijuana may have led investors
Still in its early stages, the corporate marijuana sector in the U.S. is famously unprofitable and frequently cash-starved. Despite this, many operators have managed to build up quite a bit of scale, and as such are poised to benefit as the current recreational cannabis legalization trend continues to spread. Exhibit A: Columbia Care (OTC:CCHWF), a
The USA’s National Hemp Association (NHA) and its Standing Committee of Hemp Organizations (SCOHO) has its cap out for a billion-dollar amendment to the pending House Budget Reconciliation measure.   The NHA and organizations comprising SCOHO represent more than 90% of licensed hemp farmers across the USA. The NHA says the cash it’s chasing is esse