The cannabis industry’s current operating standards mirror that of an illegal black market, especially when it comes to handling money, transactions, and banking. Transactional requirements are generally vague and there is a lack of understanding as to what is legal and what is not.
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It has been a remarkably smooth and successful ride for Michigan’s cannabis industry, and regulators hope to keep it that way as the growing network of suppliers and sellers face an inevitable period of consolidation and stubborn competition from old-school street dealers who do not share their overhead and red-tape burdens.
New Orleans, Louisiana, Feb. 07, 2022 (GLOBE NEWSWIRE) -- Software Effective Solutions Corporation (OTC Pink: SFWJ) (“the Company”) announces the Acquisition of MedCana, Inc and appoints Jose Gabriel Diaz as New Chief Operating Officer and Director
Software Effective Solutions, Inc announces the acquisition of MedCana Inc. and positions the Company to become a leader in the Columbian Cannabis and CBD Oil Sectors. The Company also announces the appointment of Jose Gabriel Diaz to assume to role of Chief Executive Officer, and he will serve as Chairman of the Board for the Company moving forward.
We have made it through January which means we're already one month into legal recreational marijuana sales. The Montana Department of Revenue released its sales numbers this morning. Montana brought in $12.8 million in marijuana sales for its first month.
Adam Ryder, owner of Juniper Cannabis in Bozeman and Belgrade says recreational marijuana sales were pretty much what they expected.
“Largely speaking it was about what we expected, certainly the first week was pretty intense,” says Ryder.
The first weekend alone sales topped $1.5 million. In the first full week, recreational sales were just $2.9 million. For Ryder’s downtown store location, tourism in the valley has been a driver of sales.
The first Palm Beach Chamber of Commerce breakfast event of the year focused on a taboo subject that is said to have numerous business opportunities.
At the Jan. 4 breakfast at The Breakers, nearly 400 residents and business owners gathered to learn about Florida's cannabis industry.
Laurel Baker, the chamber's chief executive officer, said she thought the presentation would provoke an important discussion not commonly heard.
"One of the directions that I have in finding programs is to bring to light topics that you normally wouldn't think to go to a chamber breakfast to hear," she said.
Baker said the idea of a cannabis business goes beyond the walls of a dispensary.
Lucky for High Times, there are numerous disclaimers within the offering that there is no guarantee that the stock will ever trade.
With snow on the ground and a whisper of spring in the air, it means it is time for High Times to make their annual announcement of going public.
Frankly, with all things considered, it may be fair to assume that tech is one of the most cannabis-friendly industries to work in.
There aren’t many industries that have been more welcoming to the cannabis community than tech. And the industry’s adoption of cannabis couldn’t have come at a better time.
Because cutting edge technology has been crucial in connecting cannabis brands and products with their consumers while meeting expectations of regulators, it’s only natural to wonder how accepting employees in the tech industry are about the substance itself. Some of the signs that indicate an increasing level of acceptance of cannabis may surprise you.
Ten years ago, Washington voters created the first legal adult-use cannabis industry in the country.
That industry drives billions in revenue to the state and provides 18,360 jobs statewide. But as we look at the last decade in preparation for the next, we are concerned Washington is losing its head-start advantage. It’s time to course correct, and we count on all industry stakeholders to work toward a common goal: a safe, equitable, quality-controlled and fully regulated market for cannabis.
Too many license-holders have been cut off early — some well before they even got started — and the agency holding the axe is the Washington State Liquor and Cannabis Board (LCB). In 2012, the world changed almost overnight for the LCB.
Products ranging from tinctures to gummy bears containing a hemp byproduct with euphoric THC effects are legal and for sale all around Indiana, where the purchase and use of traditional marijuana violates the law.
Delta 8 THC products abound, available at CBD stores, smoking supply shops and even gas stations. While some states regulate or ban the sale of delta 8 tetrahydrocannabinol, Indiana is one of 30, from Maine to Wyoming, that has no limitations on the hemp-derived compound.
A federal law that prohibits what's called delta 9 THC leaves the less-potent delta 8 unregulated. The 2018 American Farm Bill that legalized hemp defines it as a cannabis plant that contains 0.3% or less delta-9 THC. It doesn't mention delta 8, which is less potent.
Mercedes C. Young is an entrepreneur in every sense of the word. She holds the titles of actress, television writer and producer, children’s book author, and serial entrepreneur. While writing a book, acting in roles, and producing, she started a cannabis company, Earth’s Dew, during the pandemic. Earth’s Dew products are made with all-natural, organic butter and oils.
A candid conversation with a local cannabis consultant about what's going on in New York.
The race for New York has begun. All types of entrepreneurs looking to enter the state's cannabis marketplace are busy preparing for the soon-to-be-released application process. Hemp farmers are poised to switch to marijuana crops, legacy entrepreneurs are operating in the open, regulators are shaping the laws, and no one is excited about opening the borders.
I spoke to Kalean Castetter, a long-time upstate resident, son of a legacy grower, owner of a hemp-infused wine company, and now cannabis consultant, to get his insights into how things are shaping up in New York.
Whether it’s a new market, or an old one continuing to push its limits with recreational marijuana, weed tourism does not plan to slow down any time soon.
As leisure travel continues to recover and countries lift their travel bans and COVID-19 restrictions one by one, many tourist destinations are eagerly awaiting new visitors. No matter how luxurious or sought after the destination, it seems every locale is eager to find new ways to attract business.
In 2022, however, there is something new in the air that has begun to inspire a new wave of tourism. One of the latest trending motivators in destination travel is, putting it bluntly, weed.
The Black Comics Collective and The Weldon Project are collaborating on a NFT project that will benefit those who have be impacted by the War on Drugs.
Non-fungible tokens (NFT) take the stage again, this time with a cannabis-related collaboration featuring unique music and art.
Burn1, a blockchain company that provides “financial rocket fuel for cannabis reform” announced its partnership with both The Black Comics Collective and The Weldon Project on January 19 to create an NFT project aimed at collecting funds for cannabis.
Neighbors of a planned medical marijuana dispensary in Kent are concerned about its location near families, the entrance the Kent State University, fraternity houses and the city's Portage County Municipal Courthouse.
The business, Slightly Toasted, is planning to open at 331 E. Main St. and brought site plans and a request for conditional zoning to the city's planning commission this week. The panel did not vote, however, after hearing from neighbors and determining there were additional details needed in the site plan before a vote.
Hearing commission members’ concerns, property owner James Dulick requested and was granted a continuance, which will enable him to add details to the site plan requested by commission members.
It’s been almost a year since lawmakers legalized adult use marijuana in New Jersey.
Since the legalization of adult use recreational marijuana, it seems like it’s been one deadline after the next. There’s another one coming up next month, one the cannabis industry in New Jersey has long waited for.
New Mexico regulators have doubled the number of marijuana plants that licensed growers can cultivate as the state prepares for recreational sales to start this spring, officials announced Tuesday.
Increasing the plant count makes sense “to ensure that everyone can maximize the benefits of a thriving cannabis industry,” said state Cannabis Control Division Director Kristen Thomson.
The division also needs to ensure that supplies remain consistent for the tens of thousands of New Mexicans who participate in the state’s medical marijuana program.
But some marijuana industry players are concerned that the change is too little and too late to meet demand because of the time it takes time to put in place the needed infrastructure and for plants to grow.
In order for the cannabis industry to consistently achieve and maintain a high sales volume, it needs to be more nimble and prepared for changes than the tobacco industry was.
Given the rapid rate the recreational cannabis space has grown at, it’s only natural to wonder what, if anything, could slow that growth down. In order to find out what some potential roadblocks could be for recreational marijuana, look no further than big tobacco.
Even though it isn’t legalized nationally yet, it’s easy to note numerous similarities between recreational cannabis companies and businesses in the tobacco industry. As the legal cannabis industry continues to grow, it’s imperative that they don’t repeat the same mistakes as the tobacco did in the early 20th century.
The University of Arizona is going green by adding new courses this spring, teaching students the skills needed to work in the legal marijuana industry. They were able to create the noncredit Cannabis Certificate Program by partnering with the cannabis education company, Green Flower. Dr. Craig Wilson, vice provost for Online, Distance and Continuing Education said the university decided to ensure students interested in pursuing careers receive credible cannabis education.
“This, like other hot industries deserves a workforce that’s trained, prepared and professional. Here at the University of Arizona, we look forward to being a part of the conversation,” Wilson said.
Did one rogue Senate candidate just blow up prospects for marijuana legalization in 2022?
Cannabis stocks are behaving rather oddly on Tuesday -- a day when news for the marijuana sector is by and large bullish.
As of 12:30 p.m. ET, shares of Sundial Growers (NASDAQ:SNDL) are falling 3.5%, Canopy Growth (NASDAQ:CGC) is down 4.6%, and Aurora Cannabis (NASDAQ:ACB) has racked up a 4.9% loss.
The Institute for Justice argues that the seizures violated state law, federal law, and the U.S. Constitution.
Because the continued federal prohibition of marijuana makes banks and payment processors leery of serving state-licensed cannabis suppliers, many of those businesses rely heavily on cash, which exposes them to a heightened risk of robbery. As a new federal lawsuit shows, that danger is not limited to garden-variety criminals. It includes cops who use federal civil forfeiture laws to steal money earned by state-legal marijuana businesses.
