The cannabis industry has been growing significantly in recent years as legalization has progressed in many states, with 11 having passed legislation for recreational use and more states likely following suit. In addition, the farm bill was passed nearly a year ago which allowed cannabidiol (CBD) to be permitted federally so long as it was derived from hemp.
Ontario will allow private cannabis retailers to sell their products online or by phone for in-store pickup, in a significant move that chips away at the Ontario Cannabis Store’s monopoly on online cannabis sales.
The province’s fall economic statement is proposing amendments to the current legislation around cannabis retail in order to “ensure consumers’ preferred cannabis products are available” and “wait times reduced” at the 25 retail stores that currently operate across the province.
Cannabis pioneer and former Canopy Growth co-CEO Bruce Linton announced Thursday he’s landed a new job atop a growing U.S. marijuana company.
Linton tells Yahoo Finance he’s taking on the role of Executive Chairman at Minneapolis-based Vireo Health (VREOF), a U.S. multi-state operator with licenses to operate in 10 states and Puerto Rico.
Over the past six months, cannabis stocks have turned into the 2019 Cleveland Browns of the investing world. In effect, enthusiastic fans widely expected this group of equities to be world beaters heading into 2019, but their on-the-field performance has been another thing entirely so far this year.
Although often considered a weed, cannabis has many needs that growers must accommodate. Watering, fertilisation, light levels, carbon dioxide, and temperature, amongst many other factors, all have an impact on crop performance. When developing an overall plan for a garden, some growers might not consider that many individual factors, like each of those previously mentioned, could be the limiting factor in the performance of their cannabis crop production.
It was a tough week for cannabis, but a very good week for psychedelics and hemp. Four major cities took significant steps toward the decriminalization of psilocybin mushrooms and other psychedelic plants.
Roughly one year ago, marijuana stocks could do little wrong. With Canada officially legalizing the sale of recreational marijuana and opening its doors to consumers on Oct. 17, 2018, the sky seemed to be the limit for pot stocks. But a lot can change in a year.
Having a pot-related arrest or conviction used to be a liability for Illinoisans seeking employment. Now, a criminal record might lead to a job in the legal industry.
HempStaff, a Miami-based recruitment and training agency, launched a new division last month to help cannabis firms in Illinois and five other states hire employees that meet certain social equity requirements, including those with pot offenses on their records.
A news release from HempStaff said the company hopes to help those folks “find their dream opportunities.” But there’s also benefits for employers.
Dan Maclure planted eight acres of hemp on his Vermont farm for the first time this year, aiming to cash in on the exploding demand for CBD, a derivative of the plant reputed to ease anxiety and other ills without the high of its close cousin, marijuana.
He persevered when some of his hemp plants grew white with mildew and others failed lab tests and had to be destroyed. With his harvest now complete, Maclure has one more challenge to overcome: selling his surviving crop and recouping an estimated $140,000 investment.
If you think that 2019 has been a year full of twists and turns for marijuana stocks, just wait. There's plenty of action remaining to be seen in the last two months of the year. And there are several big events happening this month.
