Tammy Turner and Kerry Buffington, the co-owners of Kapstone Employment Services in Detroit, had to have a conversation with a client recently that they're not used to having.

"We actually had to go to them and say, 'Listen, this is not being consistent with the labor market now. Marijuana is legal and you're passing up on good talent,' " Turner remembers telling the client.

Turner said they were interviewing candidates for open positions at this company, and staff at their employment agency ask candidates whether they can pass a drug test as a part of their routine questions. She said, more often than not, candidates are honest and will say whether they would test positive for marijuana.

The most sought-after marijuana being trafficked across the U.S.-Mexico border is now the weed entering Mexico, not the weed leaving it.

Cannabis sold legally in California is heading south illegally, dominating a booming boutique market across Mexico, where buying and selling the drug is still outlawed. Mexican dealers flaunt their U.S. products, noting them in bold lettering on menus sent to select clients: "IMPORTADO."

It feels as 2019 was a long while ago however some things can’t be forgotten. Back in July of 2019 a staff director for Republicans on the House Judiciary Committee was placed behind other members on the dais. This staff director Brendan was paying attention to all-too-rare bipartisan harmony. Both sides formed a collective understanding: it is time for the federal marijuana prohibition to end.

A slew of state legislation went into effect on July 1 in Virginia, including new laws governing cannabis possession, capital punishment, public carrying of weapons, and littering, among others. The most headline-grabbing of these is the cannabis law, which permits residents 21 and older to possess up to one ounce of marijuana (without intent to sell) and to grow up to four marijuana plants in their homes. Possession of more than an ounce but less than a pound carries a $25 penalty, and more than a pound is a felony with a 10-year sentence and a $250,000 fine.

03:54 PM ET 08/06/2021By: BILL PETERS    With state legalization expanding and financial troubles receding, Wall Street says it's time to pay attention to U.S. marijuana stocks. it also has created this really siloed artificially siloed marketplace volume 0% Their path to pr...
 By Shariq Khan (Reuters) - Top cannabis-focused website Leafly is in talks to merge with blank-check company Merida Merger Corp I in a deal that would value the combined company at more than $530 million, three people familiar with the matter told Reuters. Read more here

Illinois adult-use cannabis sales have hit yet another record, reaching $127.8 million in July, about a $12.3 million increase from June, which reported over $115.5 million in recreational sales.

According to a monthly report by the Illinois Department of Financial and Professional Regulation, over $85.4 million of those sales came from in-state residents, while more than $42.3 million came from out-of-state residents.

By Franca Quarneti via El Planteo.

Paraguay will begin exporting oil, proteins and other non-psychoactive cannabis derivatives to the United States and Australia.

This was confirmed this Wednesday by Mario Abdo Benítez, president of Paraguay, during a visit to the industrial plant of Healthy Grains S.A

Article wirrten by: Javier Hasse

The recently renovated Station House Inn, a vintage vacation paradise in South Lake Tahoe, is offering in-room delivery service of cannabis-infused beverages, topicals, edibles and tinctures to enhance guests’ stays.

Guests can also enjoy cannabis-infused s’mores with KIVA chocolate while hanging out at the firepit. This is enabled via a partnership between the hotel and Embarc Cannabis Goods.

Of course, purchases are limited to those 21 or older with valid photo identification. There is no smoking inside any of the 96 rooms, suites or in the hotel's public spaces.

Israel is a leader in cannabis, be it research and or in the emerging marketplace.

Numerous research breakthroughs have occurred in Israel. One of the most notable cannabis researchers is Dr. Rafael Mechoulam, who along with his team first identified THC and other active compounds in cannabis decades ago.

Today, Israel continues furthering its research legacy while building its legal marketplace.

The cannabis business is recently legalised in 20 states of the U.S., and as this business shifts from the black market into the mainstream, it has encountered unparalleled development.

Like every other business, the journey in the legal cannabis business can be fun, invigorating, and yet somewhat overpowering. Thus, following a couple of tips to make the initial steps can help to make a solid establishment and set up a successful business.

The legalization of medical and recreational and marijuana in specific states has provided cannabis business opportunities in the market for bold entrepreneurs and visionaries.

Conducted by research firm Fact.MR, the study highlights the potential growth of the cannabis beverage category.

Worldwide revenues for cannabis-infused drinks reached US$250 million by the end of 2020.

Over the next decade, the market value is predicted to expand to 24 times that, climbing by 38% CAGR from 2021-2031 to approach US$6bn. CBD-based drinks are anticipated to make up three out of every five sales during that period.

“Beginner cannabis users who want a discreet, accessible, and regulated amount of cannabis are driving increased demand for CBD-infused cannabis drinks,” explained a Fact.MR senior research analyst.

Meanwhile, non-alcoholic cannabis-infused beverages are expected to comprise 50% of consumption.

The creators of South Park have signed a new deal with ViacomCBS bosses, worth almost US$1 billion, to expand their cartoon world.

One of the most lucrative in television history, the new US$900 million ($1.1 billion) deal will last over six years and include the series and a second South Park movie, according to Bloomberg.

There are also tie-ins to ViacomCBS’ new streaming service, Paramount+.

Insiders claim creators Trey Parker and Matt Stone have been working on a South Park film for some time, and it is expected to be released on the streaming platform before the end of the year.

It will serve as the follow-up to the pair’s 1999 movie, South Park: Bigger, Longer & Uncut.

New Mexico’s anticipation of a deficit is not paranoia; it is a safe prediction given the precedent set by other states.

When New Mexico started legalizing cannabis, the marijuana community in the state was ecstatic because it marked a new dawn for them. When it finally attained legalized status, the excitement was through the roof, but today it seems like something is threatening that joyful feeling in the state.

 

The trouble with availability

New Mexico faces a looming crisis and may have trouble with marijuana availability. Experts in the state are saying that recreational marijuana products may run out in the first week when sales begin.

Federal grant restrictions revolving around cannabis-related grant funding through the Substance Abuse and Mental Services Administration (SAMHSA) was announced earlier this week.

News broke when the Pennsylvania Department of Drug and Alcohol Programs (PDDAP) made note of a change in text for organizations that are eligible to receive federal SAMHSA grants on August 2. 

The applicants waited for more than a year for a chance to jump into Illinois’ booming weed industry.

But now that they have won lucrative licenses to open marijuana dispensaries, craft grow operations or other related businesses, some could sell the licenses before ever opening up — potentially collecting millions in the process.

With the state’s troubled pot licensing process careening toward a conclusion, corporatized weed firms and other cash-rich buyers are now expected to go after the new licenses — many of which are slated to go to so-called social equity applicants, a designation created to boost diversity in the lily-white weed industry.

Cannabis connoisseurs give us the lowdown on this budding industry's potential for growth.

California reopened for business in June, which means weed tourism is very firmly back on the agenda, especially for local tourists who are keen to experience the “high” points of what the state has to offer.

Covid-19’s impact has meant tourism has taken a massive hit in this perennially popular region that has long been a favorite destination amongst all types of travelers as it appeals to many different interests, including wine and weed.

A recent memo from the Farm Credit Administration to farm credit banks and associations on hemp financing has a prominent hemp industry group concerned that many growers could have difficulty obtaining loans they need to expand their operations.

FCA, however, says that was not its intent, and the informational memo, from FCA Director of Regulatory Policy Kevin Kramp, is merely meant to provide guidance to institutions thinking about lending to hemp operations.

July 2021 saw record-setting temperatures in parts of the country, alarming spikes in Delta variant Covid infections, and large numbers of Americans returning to summer vacationing after having last summer’s dreams of ocean breezes and lakeshore barbecues dashed by the pandemic.

The market share of plant-derived drugs and treatments is growing at a fast pace.

This is according to data from Grand View Research, with sales of this booming segment of the pharmaceutical industry finishing 2019 at $131.5 billion.

Moving forward, data from GVR’s study indicates that the market should continue to grow at a compounded annual growth rate of 7% and companies like Cannabotech are spearheading this expansion by introducing a wide range of cannabis-based products including cannabidiol (CBD) products.