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2 Top Cannabis Stocks to Buy in May

The U.S. cannabis industry is growing at an incredibly fast rate and bursting with opportunity for shrewd long-term investors. A number of pot stocks have reported double- or even triple-digit balance sheet gains during the pandemic and surged to new all-time highs in the process. And it's not too late for new investors to seize on the upside potential these top marijuana stocks have to offer.

Today, we're going to take a look at two such companies that have built on a strong track record of growth throughout the pandemic and have plenty of growth left for investors to tap into. 

Let's jump right in. 

Illinois Will 'Blow Past' $1 Billion In Cannabis Sales This Year, Chamber Of Commerce President Says

Illinois' cannabis industry is growing up fast with adult-use recreational cannabis sales expected to hit $1 billion by year-end.

In March alone, Illinoisans spent $110 million on weed for fun, Newsweek reported.

Todd Maisch, president and CEO of the Illinois Chamber of Commerce, said one factor contributing to Illinois' explosive growth is that most neighboring states haven't legalized marijuana yet.

Cannabis Companies Eye Carbon Footprint Labels on Their Products

Move over, nutrition facts – food companies and consumer packaged goods manufacturers are adding carbon-footprint labels to their products in an effort to be transparent about their environmental impact. Now hemp and marijuana companies are considering whether to jump on a trend experts say will intensify as governments double down on climate goals.

President Biden pledged last week to cut U.S. greenhouse gas pollution in half by 2030.

Cannabis Stealing Workers From Just About Every Other Industry

Job growth for the United States in April 2021 might not have quite matched expectations with a disappointing increase of 266,000 jobs and an unemployment rate rise for the first time since 2020, but executive search and staffing firm Cannabiz Team’s latest Cannabis Industry Salary Guide for Q2 2021 tells a different story for the cannabis market. With 320,000 full-time cannabis jobs in the U.S., the cannabis industry ranks as the fastest-growing industry in America. As cannabis legalization spreads, projections have cannabis hitting $35 billion dollars in sales and providing 500,000 full-time jobs by 2024.

Missouri's Cannabis industry hits high revenue numbers

Promoters of Medical Cannabis in Missouri said the fledgling business continues to see major success.

Medical Cannabis officials said dispensaries seem to be the only business without a hiring problem.

In fact, they are dealing with the opposite, too many people want to work there.

They said Missouri dispensaries are setting records for tax revenue and it's only going to get better.

The spokesperson for Missouri Medical Cannabis Trade Association, Jack Cardetti, said the revenue has been massive.

Minorities fight for racial equity, legalization from within the marijuana industry

Nearly a decade ago, Linda Greene was having dinner with some of her friends when she heard that marijuana had been legalized for medicinal use in Washington, D.C. Having lived through the 1960s counterculture, she saw an opportunity.

Greene opened Anacostia Organics in 2019. The push to open the medicinal marijuana dispensary began after Greene saw that of the 15 original cultivator and dispensary licenses issued by the district’s Department of Health, none had been awarded to residents of the U.S. capital, and only two had been awarded to people of color.

Oregon Retailers Pushing For Inter-state Cannabis Sales

Oregon businesses growing and selling cannabis want the ability to sell their product to people in other states, but until the federal law changes making marijuana legal, Gov. Kate Brown says her hands are tied, according to the Portland Business Journal.

Sixteen states and Washington, D.C., have legalized the sale and use of marijuana for recreational purposes, and 36 allow medical marijuana use. But under federal law, marijuana remains listed as an illegal drug like heroin, LSD, and ecstasy.

Security, Chain of Custody, and The Transportation Manifest

Cannabis compliance for licensees is finally emerging from the shadows into the forefront as regulators move from the application phase to the operational phase.

In performing Freedom of Information Act (FOIA) requests and reviewing online compliance audit reports and letters to licensees, there are a number of specific issues regulators are required to review, but the majority of warning letters and flagged inspection reports show only a handful of cited issues for the vast majority.

These Are the Best Practices for Purchasing a Secondary Cannabis Business License

Cannabis business owners seeking to sell their operations on the secondary market are sitting in the catbird seat, experts say. Multistate operators wishing to expand their footprints are fueling demand, as are investors entering the market anticipating federal marijuana reform.

“With $1.6 billion in capital raised in January alone, public cannabis companies now have a lot of cash on their books, so I think we are going to see a lot of mergers and acquisitions this year,” said Charles Alovisetti, a partner at Denver-based cannabis law firm Vicente Sederberg.

Marijuana Stocks Are On The Move But Will Trading Continue To Rise This Month?

Will Marijuana Stocks Continue To Rise This Month?

Turning off the tap: California county hopes to dry up illegal cannabis grows by limiting water supply

California’s Siskiyou County has identified a novel way to evaporate the growing number of illegal cannabis farms sprouting up in a state that seems to forever be on the brink of drought: restrict where water trucks can go.

Minority Entrepreneurs Face Uphill Battle To Enter Legal Marijuana Market

Mario B. Williams has never been one to shy away from a fight. As head of NDH Law, the Atlanta-based attorney has worked on behalf of jail inmates, immigrants, the mentally disabled and minorities who have won settlements against police agencies,. 

Massachusetts Farmland Unlocked For Cannabis Cultivation

In the US state of Massachusetts, protected farmland can now be utilised for growing cannabis.

Massachusetts’ Agricultural Preservation Restriction (APR) Program, established in the 1970’s, is a voluntary program that pays owners of farmland the difference between the “fair market value” and the “agricultural value” of their land in exchange for a permanent deed restriction protecting it for future agricultural use. This prevents it from being built on by development companies for non-agricultural purposes.

Landowners with at least five acres of land with suitable soils that have been in agricultural production for the last two years can apply for the program – and there are restrictions as to what can be grown on the land from the point of being accepted.

How Cannabis Can Do a Better Job with Fostering Diversity

The cannabis space has been less than diverse since its onset as an “industry.” Even behind the scenes, there aren’t too many minorities. During the Winter Emerge 2020 Virtual Cannabis Conference, one panel highlighting diverse voices in cannabis was “Multicultural Experiences in Technology Innovation,” moderated by Sohum J. Shah.

Shah is the founder and CEO of Durban Creative Media, a cannabis consultant, and the founder of the Cannabis Commodities Exchange. Other panelists included Solanje Burnett, Rob Tankson, Andy Singh, and Seibo Shen. 

Cannabis and education

When discussing the need for education about the actual effects and benefits of cannabis, Solanje Burnett was quick to add her insights.

EU’s biggest hemp producer sees profits grow 616 per cent in 2020

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.

These Marijuana Stocks May See Better Trading Momentum In May

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.

The Mexican Adult Use Market Will Be A Major Growth Engine For Several Global Cannabis Companies

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.

How I Retain Staff in the High-turnover Cannabis Industry

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.

7 Marijuana Stocks To Buy As Usage Moves Mainstream

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.

3 Cannabis Security Strategies That Will Also Save You Money

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:


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