Green Ops Group, a medical marijuana company, has purchased a second distribution warehouse in Ocala, property records show.
The company paid $3.2 million for the vacant building at 500 NW 27th Ave. in northwest Ocala, just south of U.S. 27. The deed shows the property was purchased from Kimber Randi Brady, LLC on Oct. 29.
Green Ops Group, which is based in Columbus, Ohio, is already renovating two other spaces in Ocala, according to city permit records. One is a 60,000-square-foot warehouse in south Ocala at 720 SW 17th Place, which the company is spending $3 million to renovate into a medical marijuana greenhouse.
Industry Overview, Trends, Growth, Industry Report and Outlook
According to the latest report by IMARC Group, titled “Europe CBD Oil Market Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the europe CBD oil market to grow at a CAGR of around 23% during 2021-2026.
Some cannabis companies are still openly opposing home grows. Will they end up on the wrong side of history?
Home grows are the grassroots of the cannabis reform movement. Therefore with legalization, many advocates and patients believe it’s essential for individuals to have a right to cultivate their own plants, especially in a regulated market. High Times dives into the pervasiveness of companies that oppose home grows and how it may be harmful to the community as a whole.
Following the green light from the USDA, hemp should finally (legally) appear Idaho fields again next year.
Idaho was the last US state to have a ban on hemp cultivation. In April this year, the state’s senate voted in favour of HB 126, the Industrial Hemp Research and Development Act. HB 126 was subsequently signed into law by Governor Brad Little not long after.
But that didn’t mean cultivation could begin. The Idaho State Department of Agriculture was tasked with developing a hemp plan in harmony with the 2018 Farm Bill, which then required the USDA’s approval. On November 1, that approval was granted.
After its first two meetings, in which the nascent Cannabis Control Board focused on New York’s medical marijuana program, all eyes were on hemp in meeting No. 3.
Board member and former state Sen. Jen Metzger gave a brief history of the cannabinoid hemp industry, and hinted at what future changes might look like under the new agency structure. Then, the board announced it would adopt a series of changes to the program’s rules, which were more than two years in the making.
You'd be making much more than if you had invested in an index fund.
When you're evaluating which stocks are worth holding for decades, it pays to look at a company's past performance so that you can judge its merits. In the case of an up-and-coming business like Innovative Industrial Properties, (NYSE:IIPR) sometimes a couple of years is all it takes to build the foundations of a fortune.
As a real estate investment trust (REIT), a big part of this stock's appeal is its dividend, but its forward annual dividend yield is only 2.31%. Does that mean people who invested a couple of years ago should be disappointed in the company's dividend growth performance? Absolutely not. In fact, they should be very pleased. Here's why.
Surfside Solutions Inc. ("Surfside"), an end-to-end marketing technology that aggregates first-party data across all customer touchpoints, today announced a new solution for cannabis brands looking to drive and track sales at dispensaries that stock their products.
Cannabis does not need to have a large carbon footprint, but it does, and it’s not going away anytime soon.
Weed really does grow “like a weed” in some parts of the country. As states legalize medical and recreational marijuana, however, most natural growing has been tossed aside and replaced with energy-laden practices.
Some farming techniques use shocking amounts of electricity and natural resources while simultaneously pumping harmful toxins into the environment. If left unchecked, these growing methods may have lasting effects on the environment and global climate.
A local cannabis cultivator is on a hiring spree as it expands its cultivating capacity and as the industry as a whole continues to grow.
Cresco Labs, a national cannabis cultivator with a facility in Fall River, held a job fair on Friday at White’s of Westport. The company recently expanded to occupy the third and fourth floor of the historic mill building that it shares with cannabis retailer Sunnyside, a move that tripled their cultivation capacity.
As New Mexico regulators comb through applications for cannabis businesses and craft further rules and regulations, some industry hopefuls as well as industry veterans are starting to get nervous about timing.
By law, the New Mexico Regulation and Licensing Department must start issuing cannabis production licenses by Jan. 1, 2022. On April 1, 2022, recreational-use cannabis establishments are expected to open their doors. But, according to some cannabis producers, that timing makes things difficult. Some who are still waiting for their applications to be approved said it would be impossible to start selling cannabis products on the first day if they are not licensed before the start of next year.
LATROBE (TNS) — Even as Pennsylvania’s hemp industry continues to face growing pains, farmer Rick Fundy knows there is potential in the trade.
This year, he invested $5,000 to begin growing hemp on his future son-in-law’s Latrobe farm. With equipment already purchased for use on other crops, Fundy invested in seeds and other items necessary to begin growing the plant. So far, 200 of the 2,100 seeds that were planted have sprouted, Fundy said.
A dire truck driver shortage that’s wreaking havoc on the US economy is getting worse — and it’s being fueled partly by tough federal drug-testing restrictions that were imposed nationwide last year, industry officials told The Post.
More than 72,000 truck drivers have been taken off US roads since January 2020 because they have failed drug tests that are now required by the Drug & Alcohol Clearinghouse, a 22-month-old registry established to increase safety on US highways, according to government data.
Project PA Hemp Home, nearing completion on New Castle’s East Side, was presented at the Third U.S. Hemp Building Summit in Austin, Texas last week.
Lori Daytner, vice president of program development at DON, addressed the summit, which was attended by 200 natural building professionals, hemp building materials producers and LEED professionals.
The project has a strong following because of interest in the research and testing Pennsylvania Housing Research Center will conduct on the structure’s thermal energy performance and the air quality testing Parsons Healthy Materials Lab (HML) will perform.
Since the challenges cannabis retailers are facing don’t appear to be going away anytime soon, the best case scenario is for them to be able to successfully adjust to a new normal.
Just as the cannabis industry was beginning to catch its stride, the world was swept into a panic caused by COVID-19. The ways in which the pandemic has affected the supply chain across industries has made life difficult for consumers of products across the board — and the cannabis industry has been no exception.
Here are just a few ways the industry has struggled through recent supply chain challenges.
Cannabis has been used in traditional Asian medicines for millennia, yet the weed business is still raising eyebrows within some families.
Cannabis has been widely used in traditional Asian medicines for more than a millennium but before its now widespread legalization in the United States it was seen among many Asian-American communities as a frowned upon illicit drug.
However, a new generation of Asian American business people have emerged as trailblazers in the rapidly growing legal marijuana sector in the US, entering the industry with hopes of pushing for further legalization while expanding it to include traditionally marginalized communities.
These Cannabis Companies Have Seen Significant Revenue Growth.
Are you looking for the best marijuana stocks to buy in November? To close the first week in November the top cannabis stocks to invest in began showing significant upside in the market. This is partly because of Republican-led legislation that would end cannabis prohibition on the federal level. In general, the States Reform Act is being led by Rep. Nancy Mace and a draft is currently circulating to gain support from lawmakers.
Legalization doesn't matter as much as it may seem.
Amidst its historic growth spurt prompted by legalization and decriminalization at the state level, the cannabis industry is continuing to mature and change. As in every industry, the best companies are adapting and using the changing conditions to their benefit, whereas the weakest are struggling in the face of new challenges.
If you want to pick the best cannabis stocks for your portfolio, you'll need to understand what's going on with the industry and why it matters. Follow along with me, and I'll show you which three trends are likely to push strong stocks to soar and lesser stocks to fall.
At least one lender has opened the door to income from the marijuana industry buying, refinancing and pulling cash out.
Mortgage lenders knowingly and sometimes unwittingly provide residential purchase and refinance loans to tax cheats, money launderers and even straw buyers.
How so? Lenders typically face a low bar for income documentation, they don’t look too hard and they don’t ask many tough questions.
So, why can’t lenders provide mortgages for legally licensed, self-employed folks in California’s legal marijuana industry?
Are Canopy Growth and Aurora Cannabis better investments since the departure of their CEOs more than a year ago?
Last month, cannabis producer Hexo (NASDAQ:HEXO) made news when it announced a change in leadership. It's not an uncommon occurrence in a fast-changing industry like marijuana where companies are always adjusting their strategies. But do moves like this typically pay off?
Two of the biggest cannabis companies in Canada, Canopy Growth (NASDAQ:CGC) and Aurora Cannabis (NASDAQ:ACB), have made changes in the CEO position in recent years. The big question is, are they in any better shape today than they were when the changes were made?
Data shows that younger millennials buy more concentrates than any other age group
Business intelligence from Akerna (Nasdaq: KERN), a leading enterprise software company and the developer of the most comprehensive technology infrastructure, ecosystem, and compliance gateway powering the global cannabis industry, analyzed the under 30 age range of cannabis consumers, a demographic that has consistently been ranked as the #2 purchasers of cannabis products in 2021. Data shows that this age range of younger millennial cannabis consumers accounted for 28.13% of all legal adult-use and medical cannabis sales this year, with over $4.4 billion spent on cannabis products.