WeedLife News Network

The timeline of cannabis in America is certainly a tumultuous one. From being spiritually and ritualistically used by Native Americans, to being vilified and criminalized by early 1900’s government officials leading to a 75 year prohibition, to an explosive “war on drugs” that had a choke hold on American culture for over two decades, marijuana and its users have been on a seriously wild ride.

Now, as of 2020, marijuana is fully legal in 11 states and medically legal and decriminalized in another 12. We are finally seeing the progress that the cannabis industry deserves.

This widespread legalization and decriminalization has opened the doors to a sonic boom in cannabis business and innovation.

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Problematic cannabis cultivation on Navajo Nation lands has led to a new resolution to clarify the Nation’s stance.

The Navajo Nation is an American Indian territory covering more than 17.5 million acres of north-eastern Arizona, south-eastern Utah and north-western New Mexico.

The Navajo Nation doesn’t allow for hemp or marijuana to be grown on its land, with the exception of a pilot project being carried out in partnership with New Mexico State University. However, at least one unauthorised party has been cultivating hemp, claiming passage of the 2018 Farm Bill that legalised it at a federal level allows this to occur – and there was no Navajo Nation penalty in place for growing hemp.

Mila Jansen’s story is quite the odyssey. The renowned hash maker escaped from Holland’s Home for Unwed Mothers and opened both a clothing store “for the happy and free” and an underground tea house in Amsterdam before she invented the Pollinator and earned the title of Hash Queen. The Pollinator, the first mechanical tool to separate trichomes from plant matter, was unveiled at the 1994 High Times Cup in Amsterdam and represented a revolutionary moment in the ancient practice of hash making. 

With recreational sales growing from $9.8 million in January to $65.5 million by August, there’s no questioning Michigan’s potential.

In December of 2019, Michigan became the tenth state in the U.S. to legalize adult-use cannabis. Less than a year in, it’s already outpaced Nevada to become the fifth highest-grossing state for cannabis sales and is on track to surpass $1 billion in sales, according to data from Headset.

In addition to its fast-growing new adult-use market, Michigan’s medical market is ranked #2 in the country, second only to California. Now, all eyes are on The Great Lake State as cannabis operators and investors across the U.S. seek to claim their share of this high-potential market.

Shares of cannabis producers soared on the stock market Thursday following the vice presidential debate, during which Kamala Harris announced the Biden administration would decriminalize marijuana at the federal level.

"We will decriminalize marijuana and we will expunge the records of those who have been convicted of marijuana," the California senator (D) said.

What Can Pot Stock Investors Look Forward to Next Year?

The record wildfires that have blanketed the West Coast in smoke and ash also have blocked out essential sunlight and set back the growth of outdoor marijuana plants by weeks, leaving growers with less-than-ideal options for when to harvest their plants.

Cannabis growers in California, Oregon and Washington state are contemplating two choices in the face of wildfires that have burned more than 5 million acres:

Michigan has taken an innovative approach to getting more entrepreneurs involved in the state’s marijuana industry—Microbusinesses, self-contained businesses that do not interact with the rest of the marijuana market. 

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To understand the unique distribution challenges of Oklahoma’s exploding cannabis market, one must first address the question that has preoccupied researchers, entrepreneurs, and investors ever since Oklahoma became second in the nation for dispensaries per capita, trailing only Oregon. That question being,  “Why Oklahoma?” According to a 2018 Verilife study, for every 100,000 Oklahomans there are approximately 15.6 dispensaries.

Thirty-three states and the District of Columbia have legalized the sale or use of cannabis. Yet, the federal government is struggling to keep up, and cannabis legislation has been stagnant. As a result, there is no safe harbor in the cannabis industry, meaning there is no legislation that assures the safety of banking cannabis. So, many who enter the cannabis industry have preferred stealthier ways of banking. While banking workarounds to open, or compliant, banking may work, they come at a cost. In the long term, businesses that openly bank have access to more reliable financial options.

You may not think a fourth-generation family business with a century of engineering excellence would play a part in the still-evolving cannabis industry.

And yet, this kind of expertise and technology is a strong fit for an industry where product quality is paramount.

For cannabis producers, preserving the integrity of the plant, in terms of flavonoids, cannabinoids, and terpenes is essential.

It’s these chemical compounds that lend the plant its unique features and effects.

But historically, imprecise processing equipment tended to destroy these valuable aspects of the plant while also releasing undesirable, potentially contaminated byproducts.

The Ohio Department of Commerce has issued a mandatory recall on medical cannabis edibles due to noncompliant levels of heavy metals, according to a Cincinnati.com report.

The cannabis-infused chocolates, sold under the Encore Edibles brand, were processed by Canton-based Mother Grows Best and sold in eight dispensaries across the state between Aug. 17 and Oct. 1, the news outlet reported.

The stock market can be the best place to create wealth because of the endless opportunities it offers to grow your money -- you can back anything from value plays to rule-breaking mavericks. Whatever your style, you'll want to put your cash behind companies that can grow their revenue. Some of the most promising can be found in the cannabis sector.

Cannabis is one of the fastest-growing industries across the world. In the U.S. in particular, the sector is expanding at a rapid pace; 11 states and Washington, D.C., have legalized marijuana completely, while 33 states and D.C. have done so for medical purposes. Voters in five other states are voting on some form of legalization in November.

The cannabis business is a sprawling, unfriendly hydra, destroyer of serious men with good intentions.

It all sounded so promising.  

Medicine Man Technologies, one of the more highly respected dispensary and cultivation operations in Denver, run by a well-respected cannabis business executive considered a pioneer in the industry, President and Co-Founder Andy Williams, rebranded the name of its subsidiary in mid-April to perhaps capture the whimsy of an industry built on getting people high. 

Israel Health Minister Yuli Edelstein and Deputy Health Minister Yoav Kisch have announced a new subsidy program that will reduce the cost of medical cannabis products until the end of 2020 and also allow Israeli producers to export their products.

Will Pot Stocks Continue Recent Downtrends?

Here we are, in the month of October, and marijuana stocks are showing downward pressure because of COVID again. With recent concerns over president Donald Trump contracting the Coronavirus the market is feeling the effect. On top of that, you have a miss in September job growth that suggests the recovery is slowing up. Once again, the reality and graveness of this pandemic is brought to the forefront of market stability.