As Alex White Plume gathered his children and grandchildren along the bank of Wounded Knee Creek to harvest hemp in September, he was one of just a handful of farmers in South Dakota with hopes of making money from the crop this year.
LANSING, MI -- With the roll-out of the first licensed recreational marijuana businesses this week, expectations are high for big profits and plush, new financial padding for public coffers.
A top line finding, based on the data from the survey and on research of the overall market, once fully realized, the hemp industry is poised to become the fourth major crop and a foundation to agriculture in the United States.
"This, in itself, shows not only the value of the industry, but the significance of the legalization of hemp," Whitney said.
According to experts, African countries have a good chance of playing a leading role in the world market for the cultivation of cannabis for medical purposes.
That is the assumption of the participants at the “CannaTech” conference in Cape Town. More than 500 scientists, entrepreneurs, and founders of the cannabis industry met at the two-day event.
When the most popular medical marijuana dispensary in Chicago begins selling recreational pot on New Year’s Day, it will operate like a busy restaurant. Dispensary 33 plans to take names from those in line and page customers by phone when they can get in.
Don Durban has been using opioids for years to cope with chronic pain in his feet from diabetic swelling. He also once sought out the drugs to help with symptoms of pancreatitis.
But the Vancouver man and many others are now using cannabis as an alternative means to alleviate symptoms.
Mr. Durban, 66, said the herb has been an “awesome painkiller," especially in its edible form. “They helped cut back on my Dilaudid [an opioid] use when I was getting that prescribed.”
Cannabis stocks rose Wednesday to recover some of their prior-day losses, boosted by expectations for a steep rise in spending on cannabis over the Thanksgiving holiday period, one of the busier shopping periods of the year.
LANSING, MI -- The first commercial recreational marijuana sales in Michigan are expected to occur after 10 a.m. Sunday, Dec. 1.
The Michigan Regulatory Agency on Wednesday, Nov. 27, announced it plans to officially transfer product currently licensed under the medical marijuana to the recreational side for sale at that time.
A recent survey of cannabis companies suggests future entry-level employees will see better pay in Denver thanks to a new law that will increase the city’s minimum wage to $15.87 by 2022.
At least one operator is ahead of the curve. Boulder-based Terrapin Care Station this month announced it was establishing a company-wide $15 minimum wage, a figure that will outpace Denver’s incremental increases for the next two years.
Two bills were introduced last week in Trinidad and Tobago’s House of Representatives that could change the landscape of marijuana regulation across the several islands that make up the Caribbean country.
