WeedLife News Network

Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife News Network.

HempFlax saw its profits before tax skyrocket 616 per cent in 2020 to €659,000, as demand grew for its construction materials and CBD.

The EU’s biggest hemp grower, headquartered in Holland, saw full year revenues up 43 per cent to €14.5m in 2020, with EBITDA increasing 63 per cent to €1.8m.

The numbers were in part driven by a 1,089 per cent increase in sales of the group’s construction materials, arising from its May 2020 acquisition of Thermo Natur, a German manufacturer of nature fibre insulation.

The group also saw a 43 per cent increase in sales of CBD – a compound found in hemp that is legal for consumption, and often used for pain relief or relief from anxiety or depression.

The cannabis industry often provides projections on the billions that are made by the adult-use and medical market. There is, however, a projection that’s often left out of the conversation when it comes to legalized cannabis — the economics of the legacy market that came before it and bore the brunt of the casualties in the War on Drugs.

2 Marijuana Stocks To Watch As More Momentum Enters The Cannabis Sector

With marijuana stocks finally catching a wave of upward momentum investors want to know how long this will last. Now there is no way to be 100 percent certain how long this momentum will last. However with earnings soon to be reported by various cannabis companies some marijuana stocks may continue to rise. Shareholders have been waiting to see a rise in trading ever since mid-February when many cannabis stocks started to drop in the market.

Earlier this month, Mexico’s push to legalize recreational cannabis was halted after Senate Majority Leader Ricardo Monreal said that is attempting to extend the Supreme Court’s deadline to change the current law.

This development was not well received by the market as Mexico was on the verge of becoming the third country to legalize recreational cannabis. So far this year, we have seen a spike in the number of viewers that are closely following the Mexican cannabis market, and this is an opportunity that we have been bullish on.

Large-scale Canadian Licensed Producers (LPs) such as Canopy Growth Corporation (WEED.TO) (CGC) and Aurora Cannabis Inc. (ACB.TO) (ACB) claim to be levered the Mexican cannabis market and we will monitor how the industry advances from here.

The discovery in 1964 of 500 acres of cannabis growing wild along the banks of the Hunter River inspired a new generation of pot smokers in Australia. But the history of the crop is much older, dating back to the early 1800s, when Britain sent debtors and convicts to start the first hemp colony Down Under. From the November, 1995 issue of High Times comes an excerpt of The Emperor Wears No Clothes, by Jack Herer and John Jiggens, about the little-known history of hemp in Australia.

2020 is a year we’ll never forget. How could we? If 2020 was a story, then the COVID-19 pandemic would be the main antagonist. It upended everything, reorienting the economy, business operations, and our own livelihoods.

At times, marijuana stocks have the ability to be the best-performing stocks in the market. They can catch fire — no pun intended — on headlines or reports and scorch higher. During some of these runs, it’s not odd to see the stocks double or triple in value over a short period of time.

A high level of short interest also helps spark a nice move. In other words, bears put on a number bets to the downside, shorting these stocks as they look for a big move lower. Oftentimes, these bears get exactly what they’re looking for, as marijuana stocks tend to be a volatile bunch.

However, sometimes these bets backfire.

Here are three strategies for cannabis companies to avoid drawn out regulatory investigations and to decrease the risk of facing regulatory penalties. Those penalties could include significant fines, license suspension or, in a worst-case scenario, license revocation.

1. Develop an expertise in your company’s security measures

Often, what causes a cannabis company trouble are the “unknown unknowns” of the business operation or, another way to put it, the “blind spots.” While it is easy to observe strategic errors in a competitor, a company generally has trouble seeing its own until it’s too late, which can be costly. To counter this, get another set of eyes on the operation with an objective viewpoint.

Reliable security experts can:

The nation’s booming weed industry has a potency problem.

As more and more states legalize marijuana, companies are facing new pressure from lawmakers across the country — and Capitol Hill — to limit the strength of their products. It’s a level of scrutiny that comes with being allowed to operate in the open after decades in the shadows.

The steadily rising levels of THC — the component of marijuana that gets users high — is causing widespread concerns about the public health consequences. Even in pioneering states like Colorado and Washington, where recreational marijuana sales started in 2014, lawmakers are debating whether to put caps on THC potency.

When Illinois lawmakers approved recreational cannabis in 2019, they did so hoping that it would prove popular enough to generate taxes to help offset state debt and fund a variety of programs. So far, Illinois residents have come through for them in a big way.

Recreational cannabis has proven extremely popular in Illinois. Even with the pandemic resulting in lockdowns for many months in 2020, marijuana taxes raked in $174.8 million for the state.

I don’t blame any small business owner for scrutinizing expenses and pushing away salespeople touting their latest and greatest product. I’ve been there. My keep-your-hands-off-my-tiny-pile-of-cash approach saved me time initially, but I also missed opportunities where I could have spent money to make money and run my business more effectively.

Earlier this month, New Mexico Gov. Michelle Lujan Grisham signed legislation to legalize recreational marijuana in the state.

While advocates say it's a huge win, it could mean big losses for dispensaries in Colorado.

 

Since 2014, when recreational marijuana went on sale in the Centennial State, business has boomed for Colorado dispensary owners with more than $10 billion in marijuana sales and billions more reaped in tax revenue.

It has also been an economic boost for those in the tourism industry. People from around the country come to Colorado every year to consume cannabis products.

The pandemic has completely changed the way that most markets in the world work. Instead of being able to go out to the store and buy supplies, people are turning to alternative methods. Furthermore, people are finding new distractions during this time, including a growing number of people that are trying marijuana. Between legalization and increased stress, people love the opportunity to buy marijuana. We’ll show you how the demand for this product and others have increased. 

2 Marijuana Stocks Investors Are Watching Heading Into May

With often intricate, ever-shifting application rules, receiving any kind of cannabis license feels like a success. You should celebrate the huge win but as a new license holder, you are now part of a heavily regulated industry that’s filled with potential but also riddled with risk every step of the way. From help with hiring management teams to touring potential sites and complex legal demands to tapping into or creating a supply chain, there are a thousand steps ahead before it’s time to fully enjoy the accomplishment. Now, where do you start?

To say the cannabis industry has experienced change over the past few years would be a serious understatement. Every element — from growth engineering and legalization to marketing and delivery — seems to be witnessing a revolution.

However, cannabis packaging is undergoing one of the most significant changes. As cannabis products receive more mainstream attention, retailers and packaging organizations are shifting their focus from mere shelf-presence to brand identity. 

Cannabis growers need to have an adequate supply of materials on hand once planting season rolls around. They can’t scramble at the last minute to find necessary fertilizer, growing materials or anything else. Not only will that slow their operation, but it also could lead to ill-advised purchases for too-high prices or buying something cultivators don’t really want.

“Grow inputs are like commodities, so commercial growers that shop early and buy in bulk will realize the greatest savings,” said Ryan Douglas, a Florida-based cannabis consultant and former master grower at Tweed, a major cannabis producer with headquarters in Ontario, Canada.

Cannabis businesses have transformed from clandestine ventures to glossy lifestyle brands in a matter of years, thanks to an evolving regulatory and business landscape.

The majority of states now have some form of legalized cannabis, whether for medical or recreational use. The 2021 U.S. cannabis market is valued at $33 billion , according to an analysis by market research firm Grand View Research. That number is forecast to balloon to $84 billion by 2028. These trends indicate a fertile environment for seeding a new cannabis venture.

2 Marijuana Stocks To Watch Before Next Month

As marijuana stocks still battle to reach higher market levels some are still holding a decent market position. Many investors are worried about the uncertainty with the current downward trading cannabis stocks are facing. Now, this is not to say some many new and seasoned investors haven’t been loading their portfolios up with top marijuana stocks.

The new cannabis shop on Route 66 had a spa aesthetic: light-colored wood, spacious layout, greenery. Two miles outside Asbury Park, Zen Leaf Neptune was greeted warmly the other day by tourism officials of the iconic Jersey Shore town.

“It’s a revenue driver,” said Sylvia Sylvia, (@sylviasquared) executive director of Asbury Park’s Chamber of Commerce. “It’s a legal business, and that’s what a chamber of commerce does. We support businesses. We support tourism.”

But don’t look for Stone Harbor to become Stoned Harbor any time soon.