Cannabis Stock Leader: Americann Inc (OTCQX:ACAN) Advances 9.65% for December 29

Americann Inc (OTCQX:ACAN) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on December 29, gaining 9.65% to close the day at $2.84 after opening the trading day at $2.725. Today’s rise came with about 137,436 shares changing hands, compared to an average of 30-day volume of 62,587 for Americann Inc. Shares moved as high at $2.87 and as low as $2.69 in today’s action. Continue reading “Cannabis Stock Leader: Americann Inc (OTCQX:ACAN) Advances 9.65% for December 29”

Contention continues: Anti-marijuana group pushes to delay Maine’s new law

Campaigners who opposed a referendum to make marijuana legal in Maine are now calling for a moratorium on implementation of legalization.

Voters narrowly approved legalization of marijuana last month. The new law calls for a nine-month implementation period in which state regulators will make rules for marijuana retailers and social clubs. Continue reading “Contention continues: Anti-marijuana group pushes to delay Maine’s new law”

Cannabis Industry Gets Image Boost from Celebrities in 2016

As we close in on the end of the year, it’s good to look at some of the bright spots from 2016, especially in the cannabis industry. Let’s face it, the growing legalization movement was one of the few bright spots of the year because if we’re keeping it totally 100, 2016 totally sucked ass.

There were many wins worth celebrating this past year, but one of the bigger milestones that should be recognized is the number of famous people jumping headfirst into the cannabis industry, with several celebrities debuting brands this year in an effort to bring cannabis products into the mainstream. Continue reading “Cannabis Industry Gets Image Boost from Celebrities in 2016”

Medical Marijuana Reclassified Under International Law?

Medical marijuana could receive a much-needed reclassification under international law before 2018.

The World Health Organization’s Expert Committee on Drug Dependence (ECDD), which has played in integral role throughout the years in how marijuana is revered in the eyes of the United Nations, has decided to give some consideration to whether “medical marijuana” should be downgraded from its current classification under the UN Single Convention. Continue reading “Medical Marijuana Reclassified Under International Law?”

What’s That Smell? It’s ‘Cannabis Flower’ Perfume, Dahling

Years ago, when the cosmetics retailer Sephora asked perfumer Mark Crames to create a fragrance based on the scent of cannabis, he knew he faced a formidable challenge. He would have to capture the slightly animalistic, skunky cannabis vibe, but temper it to please the nose with notes of flowers and spice. Make it so beautiful people will spritz it on their neck and that soft spot on their wrists. Make it smell like fresh bud. Continue reading “What’s That Smell? It’s ‘Cannabis Flower’ Perfume, Dahling”

No change in Colorado teens’ marijuana use before and after legalization, study finds

Recreational marijuana legalization had no impact on how many Colorado teens use pot or on whether they think it is dangerous, but that could be because years of medical marijuana sales already had brought about changes in those measures, according to a new study. Continue reading “No change in Colorado teens’ marijuana use before and after legalization, study finds”

Panel sets hefty application fee to grow Arkansas medical marijuana

A state commission said residents hoping to grow Arkansas medical marijuana must pay a $15,000 application fee in addition to a licensing fee.

The Arkansas Medical Marijuana Commission approved the plan on Tuesday. The licensing fee has yet to be determined, the Arkansas Democrat-Gazette reported. Continue reading “Panel sets hefty application fee to grow Arkansas medical marijuana”

CBD Market Estimated To Grow To $2.1B By 2020, Report Finds

The cannabidiol (CBD) market is estimated to grow by 700% by 2020, according to Forbes. A new report by market intelligence firm Hemp Business Journal projects that the CBD market will grow to $2.1 billion by 2020, an astronomical jump in value compared to last year’s CBD market of $202 million. Continue reading “CBD Market Estimated To Grow To $2.1B By 2020, Report Finds”

How hemp is slowly becoming the new tobacco for Kentucky farmers

It looks like pot. It smells like pot. But it’s hemp, marijuana’s legal cousin, and it’s taking over the Bluegrass state.

Across the rolling hills of Kentucky, which just two decades ago was the most tobacco-dependent state in the country, farmers are planting less of the crop after growing health concerns shrunk demand. Instead, they’re increasingly turning to hemp and have more than doubled sowings of the cannabis variety in 2016 to become the No. 2 producer in the U.S., trailing Colorado. Continue reading “How hemp is slowly becoming the new tobacco for Kentucky farmers”

‘Godfather of Grass’ arrested in Canada after eight years on the run

Authorities say a man known as the “Godfather of Grass” has been arrested in Canada after eight years on the run.

The U.S. Marshals Service says authorities sought John Robert “Johnny” Boone after they seized 2,400 marijuana plants on his Kentucky farm. The agency said he was arrested Thursday when information led authorities to a small town outside of Montreal. Continue reading “‘Godfather of Grass’ arrested in Canada after eight years on the run”