When brothers Shawn and Josh Cutter proposed growing hemp at their traditional family farm in 2019, their sister and mother weren't convinced it was the right move. 

Their 500-acre farm produced crops like alfalfa, corn and soybeans for decades, so adding a new plant with little knowledge of it was a gamble, but the family was quickly swayed.

At the time, Ohio Gov. Mike DeWine had just passed a bill legalizing hemp with low THC (less than 0.3%) — the main psychoactive compound in cannabis — opening a new market in Ohio.

A look back:Ohio Gov. Mike DeWine signs bill legalizing CBD, hemp. What happens next?

As marijuana legalization has spread throughout the U.S., obtaining weed has never felt more normal.

However, it’s not as normal as traditional goods and commodities. After all, marijuana is still illegal on a federal level and in many states.

On top of that, with the cannabis industry being so infantile, regulations have been notoriously confusing, subject to constant change, and overwhelming to the regular consumer.

This post will bring you some clarity on the best ways to purchase legal weed, why you should never choose the black market, and introduce you to a viable (and still legitimate) alternative for those who don’t have the legal marijuana option.

Cannabis company stock prices have taken a nearly year-long hit that some investors might describe as extreme considering the potential for federal marijuana legalization in the foreseeable future. Now, companies in Pennsylvania have more potential bad news coming down the pike from the state's department of health.

Failure to comply with a new order from the state agency could result in suspension or revocation of cannabis operator licenses. Two marijuana producers with a heavy concentration in The Keystone State are Jushi Holdings (OTC: JUSHF), and Trulieve Cannabis (OTC: TCNNF), both of which sell vape products in the state.

Etain is an oasis of calm in midtown Manhattan.

When thinking of weed dispensaries, especially in light of the relatively recent legalization of recreational marijuana in the state of New York, thoughts don't necessarily drift to soothing, spa-like destinations offering the sort of calm that is usually associated with self-care. And, yet, that is exactly what Etain, the only cannabis dispensary in New York that is owned by women, feels like. (In Irish mythology, Etain is a Gallic goddess who represents women in a transformational capacity.)

A marijuana cultivator and producer in Washoe County could lose its license after it avoided paying hundreds of thousands of dollars in taxes, according to a complaint filed by the Cannabis Compliance Board this week.

NNV Operations I, INC, which operates under the name Silver State Trading, had numerous unpaid or underpaid wholesale marijuana taxes to the Department of Taxation dating back to June 2019, according to the complaint filed by the board. The state collects a 15 percent wholesale cultivation and production tax on marijuana in the state.

Brad Kotansky, CFO at Copperstate Farms, will serve a two-year term on the ADA board and represent the local cannabis business community

Copperstate Farms Management, LLC, a vertically integrated cannabis operator based in Arizona, today announced Chief Financial Officer, Brad Kotansky, will serve on the Arizona Dispensaries Association (ADA) board of directors. The incoming 2022 board members will lead the organization into the state’s second year of adult-use legalized cannabis.

Many people associate cannabis with eco-friendly, counter-cultural movements, but we know the environmental impacts of the cannabis industry are significant. Given the climate crisis, cannabis production companies have a responsibility to ensure future demands of the industry are met in an environmentally sustainable way. We also know that as the world is seeing the impacts of climate change, consumers are changing their spending habits 1. As a result, companies also have the financial incentive to seriously consider implementing more environmental policies, to align their interests with the interests of consumers. Unfortunately, restrictions on cannabis research and the legal industry create barriers to implementing many environmentally friendly alternatives in production.

This medical marijuana landlord has a strong record and a lot of room to roam.

Innovative Industrial Properties ( IIPR -2.55% ) is a pot stock, but it doesn't sell any legal cannabis itself. Instead, this real estate investment trust (REIT) provides the medical marijuana industry with operating facilities and scarce capital.

The business model here revolves centers on buying production facilities and then leasing them to the growers, providing capital where traditional lenders won't typically venture. It's worked well. For example, $2,500 invested in IIPR on Nov. 1, 2019, would be worth about $8,500 now, and that's not too shabby. But it's also easy to argue there's much more to come. Here are three great reasons to buy IIPR.

C3 Industries plans to open the facility in south St. Louis this month

C3 Industries, a multistate cannabis company based in Ann Arbor, Michigan, said Wednesday it plans to start operating a new manufacturing plant in south St. Louis this month.

C3's new production facility is at 1630 Macklind Ave. in The Hill neighborhood, a former branch of New York-based General Insulation Co., a wholesale insulation distributor. The building is owned by H&F Properties, an entity organized by Robert Flynn III of Clayton, according to city and state records.

Boston Hemp Inc. is known for some of the most innovative products on the market within the hemp trade. They have recently made a huge splash within the industry launching their new line of HHC products. So, what is HHC?

New York design studio Zero is getting into the weed business by partnering with Dosist and Sunday Goods founders to launch a "brand-centred" cannabis company called Studio. It marks the first step into creating their own series of cannabis brands after years of helping build them for clients.

With plans to expand to other markets across the United States, Studio initially launched in Arizona. The state is poised to be one of America's most attractive legal cannabis markets, with a projected $2.6B in cannabis revenue by 2025. Seeing this opportunity, Matt Seashols of Dosist, Randy Smith of Sunday Goods and the Zero team decided to combine their experience in retail, content, design, strategy and building trendsetting brands to create something of their own.

Despite the inauspicious beginning of 2020, Hawke Media believes the COVID-19 pandemic presented unprecedented opportunities for companies in the right industries: specifically cannabis.

Hawke Media, a digital marketing company operating as an “outsourced” chief marketing officer (CMO), believes that such an opportunity existed, and still exists, at the convergence of the e-commerce, consumer packaged goods (CPG), and cannabis spaces.

Chris Taloumis, CEO of Brewster's first and only approved retail recreational cannabis shop, can hardly curb his enthusiasm.

“We can’t wait till we get open,” he said.

And why not, since it’s the curbing on Route 6A that’s been holding up the Haven Centerl since it received its final local approval in February 2020.  However, the grand opening may still be almost a year away.

 “We finally received our curb cut,” Taloumis said via email.

Ever heard of a gram shop law? It’s a thing, and if you’re an insurance broker in Michigan focused on the cannabis space, then you and your clients are well aware of the term.

The law, signed by Gov. Gretchen Whitmer over the summer, is similar to long-established dram shop laws for businesses that serve or sell liquor.

The law certainly stands out, but it’s just one of many interesting regulations in states around the country that make life quite interesting for insurance professionals and their cannabis clients.

Nationwide, Black people were 3.6 times more likely than white people to be arrested for marijuana possession in 2018, despite similar usage rates, according to a 2020 American Civil Liberty Union report. At the same time, the U.S. cannabis industry was and still is exploding with only 10% of cannabis business owners identifying as Latino or African American. So not only are people of color more likely to get in trouble for having weed, those criminal convictions could mean they are being shut out of a $61 billion industry.

The cannabis industry continues to morph into a legitimate and possibly lucrative vertical for media agencies to pursue, as cannabis brands raise their marketing game to new heights.

Jenny Shi, associate director of media for cannabis brand Charlotte’s Web, explained her company’s approach to harnessing media in multiple forms to grow market share and find new users.

The following conversation has been condensed and edited for clarity. 

Cannabis is a growing part of the holidays

Have you recently started your very own cannabis business but don’t really know what you’re doing or how to be successful? Do you want to know what you can be doing to improve your cannabis business to be as successful as possible?

Now is a great time to get into the cannabis industry. The legalization of marijuana in some states has brought their business out of the black market and into mainstream society, making it an excellent time for anyone with entrepreneurial spirits to start their own cannabis business.

Apple no longer prohibits marijuana delivery services from being hosted on its App Store, and Amazon now excludes marijuana from its pre-employment drug screening.

Will more companies start making similar changes and come on board, especially since Wall Street investors are paying more attention to U.S. and Canadian cannabis companies?

Granted, many of these developments, including investing criteria, come with restrictions and stipulations, but as some of the biggest tech companies push for transformation and change, others are sure to follow.


WeedLife.com