New Jersey’s commission to regulate the sale of cannabis this week will adopt its initial rules and regulations, marking a milestone in the years-long effort to launch legal weed sales in the Garden State.
These companies are securing their future by becoming indispensable to their customers.
Key PointsThe global market for cannabis will continue to grow rapidly over the next decade.There's more than one way for businesses to make money within the marijuana industry.
Cannabis companies still have to be concerned about social media marketing, and in fact, any kind of social media presence.
Cannabis reform may be progressing in America, but access on social media remains an uncertain landscape. While brands have thrived, reaching millions of followers and verified status, many others have been cut short, suspended and deleted along the way.
Even those succeeding appear only to have a glimmer of an idea about what’s right and wrong when marketing cannabis. With so much uncertainty, brands proceed cautiously in a direction that may or may not be the correct path.
San Bernardino County Sheriff, Shannon Dicus, Sent out a letter to local legislators today.
In the letter, Sheriff Dicus is asking for harsher punishments for individuals running illegal cannabis farms. Last month I interviewed the Sheriff during his first week in office. He made comments about how illegal marijuana farms were causing a lot of issues across the county.
He said, "Because it is just proliferated our deserts, waters being pumped out of the ground at just ridiculous rates. We have residents all over the county that are very upset with smelling it; people protecting their groves are actually confronting civilians who live in the area, and it's just a big problem."
Jazz Pharmaceuticals (NASDAQ: JAZZ) is a cross between a pharmaceutical stock and a cannabis stock. In its earlier life, it was a pharmaceutical company that was chugging along and posting some good numbers. But after it acquired GW Pharmaceuticals earlier this year, that changed. Now that it owns the only cannabis-based drug (Epidiolex) that the U.S. Food and Drug Administration has approved, it has become an even more attractive growth stock with tremendous upside.
While investors weren't pleased with the company's recent earnings report, which sent shares off a cliff, there's plenty of reason to remain bullish on the stock. And given that shares of Jazz are trading at the lowest price they've fetched all year, now may be a great time to consider buying it.
On June 22, 2021, Governor Lamont signed the Act Concerning Responsible and Equitable Regulation of Adult-Use Cannabis into law, legalizing the use of recreational marijuana in our state.
The new law allows adults (21 and older) to have on their person up to 1.5 ounces of marijuana or have up to 5 ounces in a locked container. It also allows for the expungement of some marijuana-related convictions, sets up a framework for businesses to apply for licenses to grow, manufacture, retail and distribute, and carries out restrictions on employers and protections for employees.
Global entertainment icon Beyoncé Knowles-Carter is spreading her wings and entering the cannabis industry. The R&B queen announced that she is building a hemp and honey farm to obtain her own CBD.
While South Park creators Trey Parker and Matt Stone may have hit a roadblock in their attempt to buy Casa Bonita, the real-life Colorado Mexican restaurant that appeared in a famous episode of their Comedy Central show, they appear to have more South Park-adjacent plans for the $900 million deal they snagged from ViacomCBS to make more seasons of (and more than a dozen films based on) their longrunning show.
Stone spoke to Bloomberg about the new deal over the weekend and detailed how things will change for them creatively now that they have this infusion of cash. He also spoke about other things they’re going to do with all that money, which starts with a new video game they’re making themselves and also includes a few other Park-related ventures.
PharmaCann, one of the 10 original cannabis licensees in New York, has confidentially filed for an initial public offering that could value it at well over $1 billion, sources familiar with the matter told Reuters.
The planned IPO would help PharmaCann raise funds before New York state begins recreational weed sales, expected sometime next year. The IPO could take place this fall, one of the sources said.
PharmaCann, which operates in five other U.S. states, is likely to seek to dual-list its shares on the Canadian Securities Exchange and for over-the-counter trading in the United States, one of the sources said.
A little-known organic garden center supplier has outpaced the likes of Amazon and Netflix on the stock market throughout the pandemic. Knotty cannabis laws should continue to fertilize its growth.
Nasdaq-listed GrowGeneration owns a chain of 58 stores across the U.S. that sell “hydroponic” equipment including the heat lamps and trays needed to grow plants indoors without soil. The gear can be used for trendy organic vertical farming. But most of GrowGeneration’s business is done with cannabis growers, including everyone from big U.S. cultivators to home-grow enthusiasts.
Marijuana advocates have been stacking victories over the last few years at the state level with nearly 20 U.S. states having now approved adult recreational marijuana use.
But even as momentous as those changes have been, reform at the federal level has proved elusive — until now, if you trust the confidence coming from the leaders of America's largest cannabis companies.
Despite frosty international relations, one company is using hemp to build bridges between Canada and China.
Mary AG signed a memorandum of understanding this week to create an in-depth partnership with CBDer Biotechnology.
The partnership marks Mary AG's first application of farm-level technology, taking its knowledge in automated systems and applying that expertise to a holistic, controlled growing condition that incorporates automated plant health assessment.
Mary AG's joint ventures Yunnan Moquan and CBDer are currently the only companies licensed for indoor industrial hemp cultivation in China's one and only legalized province for cannabinoid extraction.
Cannabis growers in the American West haven’t escaped the massive water shortages this year that have forced farmers growing crops such as almonds and blueberries to rip out plants or let them die in the field.
The drought is depressing hemp acreage and worsening reports of water theft by illicit marijuana growers.
“It’s just a hot mess out there, to put it mildly,” said John Nores, special operations lieutenant with the California Department of Fish and Wildlife, who told Hemp Industry Daily that water theft in his state this year has never been so severe.
TechCrunch is thrilled to announce Seth Rogen is coming to TechCrunch Disrupt this September. The movie-star-turned-pot-businessman is speaking on his latest venture: Houseplant, his privately funded entrée into the cannabis business.
Houseplant made a big splash when it launched in 2021, and it continues to get a lot of attention in the noisy world of cannabis. But, of course, having Seth Rogen involved helps keep the company relevant.
The gateway theory is not necessarily a concept that ensures a person who uses weed today will shoot heroin tomorrow.
The cannabis industry seems to be moving across the U.S. with the power of a Mack Truck screaming down the highway with a sign on the back that reads, “red-eye express.”
The business of growing and selling weed has matured into a multi-billion-dollar operation, despite the lack of support from the federal government and the fact that about 70 per cent of those surveyed think the business should be taxed and regulated like alcohol and tobacco.