Canopy Growth stock and other marijuana stocks rose on Monday after major investor Constellation Brands (STZ) late Friday moved to increase its stake in the Canadian pot producer, offering a vote of confidence to a company that is scaling back after racking up steep losses.
Marijuana legalization efforts in many US states were disrupted after COVID-19 hit. Self-quarantine and social distancing efforts made it impossible for campaign activists to gather signatures. As a result, many states had to drop their legalization campaigns. However, Nebraska might have come up with a new strategy to gather signatures and legalize marijuana this year. Let’s take a look.
There is a lot of misinformation everywhere about CBD hemp and Industrial Hemp. Most articles online state that CBD is also derived from industrial hemp. It’s true that industrial hemp has thousands of different uses but CBD hemp is a totally different species of the hemp plant. In this article, we get rid of this confusion by showing you how cultivating CBD hemp differs from Industrial hemp.
Cultivating industrial Hemp
The cannabis industry is more complicated than most, and changes to its operations during the pandemic make it only more complex. Deemed as essential service providers but also federally illegal operators, cannabis growers, processors and sellers are working under new restrictions but barred from any federal government support.
The best place to find an opportunity is often the last place you want to look—in the thick of a problem. That was the case for the founders of cannabis startup Plain Jane, who had the brilliant idea to create low-odor hemp cigarettes but no startup cash.
Marijuana sales have seen a drastic surge since the COVID-19 pandemic hit. There was a sigh of relief in the sector. Notably, the cannabis sector suffered many blows in 2019. Lower earnings, management changes, rising black market sales, legalization challenges, and many other factors impacted the industry last year. The pandemic might help the sector recover its losses. Will the improvement be a one-time surge in sales or will the higher sales last?
For the past 13 months, the once-hot marijuana industry has been ice cold. Following a first quarter in 2019 that saw more than a dozen pot stocks gain at least 70%, the vast majority of North American cannabis stocks have lost between 50% and 95% of their value ever since.
Any brand can claim that their cannabis products are “lab tested.” But this doesn’t really mean anything unless they provide access to third-party lab results. By “third-party” we’re referring to a lab that is completely independent of the producer. These results can provide you with proof that the product you’re buying is as claimed, with respect to potency, purity, and safety.
