The Secure and Fair Enforcement Banking (SAFE) Banking Act, which would enable financial institutions to openly serve the cannabis industry, has stalled out in the Senate, to the frustration of the marijuana industry in particular.
Many cannabis investors remember clearly the excitement and anticipation surrounding Canada’s initial pot legalization back in October 2018. This time around, however, the excitement seems to have died down for Canada’s 2.0 legalization, which now allows cannabinoid (CBD) derivative products such as beverages, Edibles, and oils, to be legally sold in retail shelves all across the country. While the law official passed in October, the actual date that the products themselves were supposed to start hitting the shelves was on December 17.
Marijuana policy reformers achieved significant victories this year at the state and federal level. Here are five reasons why 2019 was among the most significant years ever for cannabis legalization.
Public opinion in favor of legalization soars to record highs
After a 2018 that featured cannabis stocks exploding to record highs, there weren’t many highs for the cannabis industry to celebrate in 2019.
Despite a strong start in the first quarter to recover from the overall market’s year-end jitters last December, the marijuana sector as measured by the Alternative Harvest MJ ETF (MJ) has trailed the 27% annual return posted by the S&P 500 since July. The marijuana-focused ETF is now pacing to close 2019 about 35% in the red.
A recent spate of vaping-related lung illnesses has lawmakers and health officials calling for more testing of legal cannabis products. But because cannabis is classified as a Schedule I drug by the federal government, states’ hands are tied when it comes to testing. One way to open the door to more cannabis testing is to remove the re
California’s struggling cannabis industry didn’t get the recommendation many hoped for — a call to sharply lower the industry’s tax rate — but a long-awaited state report did suggest a marijuana tax overhaul.
The report from California’s nonpartisan Legislative Analyst Office, released Tuesday, Dec. 17, says lawmakers should ditch the way the state currently taxes marijuana and, instead, tax cannabis at different rates based on its potency. Such a tax structure, the report said, would result in stable revenue and discourage cannabis abuse.
As the North American cannabis industry takes off, cannabis industry veterans could offer new companies an edge.
Cannabis companies are increasingly turning to experienced cannabis growers and industry veterans to design their cultivation operations.
A good company website is so much more than a digital brochure. It is the first impression for most of your customers, and a direct representation of your company. It is the method in which most people research products and services before buying. The cannabis industry is tech-savvy and demands a fast and efficient sales experience, which often starts with your website. Whether you're selling cannabis products or marketing to the industry, here are five key elements to consider before starting your website project.
Call your bookie, lay the bet. In late 2018 the Leafly News team made 24 predictions for the new year—and a fat 68% of them came true. Take that, Nostradamus!
Many American farmers were handed seeds of opportunity in October, when the United States Department of Agriculture released its much-anticipated regulations for farming hemp. The new federal rules came nearly a year after Congress legalized hemp farming, and almost half a decade after the Colorado Department of Agriculture established its own program for farming hemp. And this state's rules don't exactly line up with the ones just announced by the feds.
