Aphria Inc.’s U.S.-listed shares rose about 3% Tuesday, after news that the company has achieved GMP status in the European Union, clearing the path for it to start selling medical cannabis to pharmacies in Germany and other countries.
The goverment should triple the level of THC permitted in industrial hemp, and give farmers three times as long to harvest a field after it is tested, said national convention delegates in voting on American Farm Bureau Federation policy on Tuesday.
Both provisions are sore points with growers, who say USDA regulations, setting a 0.3 THC limit and allowing 15 days to harvest after samples are collected for testing, are so stringent that many farmers will fail them.
The U.S.
Small and mid-sized cannabis companies say they are finding it increasingly hard to obtain basic credit facilities from some of Canada’s largest financial institutions amid heightened scrutiny on the struggling sector.
“It seems that most charted banks do not want to entertain new applications for lines of credits, loans, or new bank accounts,” said Sam Rad, a marketing executive at CannaPiece Group Inc., a late-stage cannabis licence applicant.
Cannabis companies that got into the game earlier had more luck with the banks
Although 2019 began well for cannabis stocks and industry hopes were (pardon the pun) high, it ended in disaster.
The rollout of marijuana legalization in Illinois has been well covered by the press for the first few weeks of 2020, primarily due to the long lines and sky-high sales numbers the state has seen.
Despite some analysts predicting that the legal cannabis market could eventually be worth $500.0 billion, we’re not quite there yet. The marijuana industry is still in its infancy and is experiencing growing pains.
One subcategory that has been performing exceptionally well—and is expected to continue doing so—is marijuana dispensary stocks.
BUHL — Magic Valley farmer Tim Cornie took a trip to Alberta, Canada, in September. He drove more than 3,000 miles in four days with one specific goal: To learn about hemp from Canadian farmers and researchers.
And he learned a lot.
“I came back thinking (hemp) was a very viable thing for Idaho,” Cornie said.
More than 40 U.S. states could allow some form of legal marijuana by the end of 2020, including deep red Mississippi and South Dakota — and they’re doing it with the help of some conservatives.
State lawmakers are teeing up their bills as legislative sessions kick off around the country, and advocates pushing ballot measures are racing to collect and certify signatures to meet deadlines for getting their questions to voters.
