Due to restrictive federal banking regulations, cannabis dispensaries are known to operate with large amounts of cash.
Copious amounts of cash have attracted criminal activity to the industry.
For example, in 2016 a security guard at a Colorado dispensary was killed.
In late summer 2017, a cannabis dispensary in San Fransisco was robbed of $600,000 in cannabis products. Continue reading “85% Jump in Sales for Cannabis Security Company”
After years of operating in the shadows, people who make marijuana-infused foods, tinctures and oils for qualified medical patients may finally get their own state license.
State lawmakers who oversee Maine’s medical marijuana program want to license and regulate the use of explosive chemicals or gases to extract concentrates from the cannabis plant.
Continue reading “Marijuana Extraction Specialists May Get Their Own Licenses In Maine”
In an interview with Canadian news program The West Block, parliamentary secretary for the minister of public safety Mark Holland reported that Canadians will be able to buy weed by the end of September.
The liberal party currently controls the executive branch of the Canadian government, led by Justin Trudeau. Opposition to cannabis legalization largely comes from the more conservative Senate. Continue reading “Canada Is All Set To Legalize Marijuana By The End of The Summer”
It’s the opening chapter of California’s new era of regulated cannabis, and already a market disruption is underway.
Generally, retailers have ample product on store shelves for both adult use and medicinal cannabis consumers, but some brands are now in short supply. Prices are mostly stable, though new state taxes on legal purchases have meant sticker shock for customers.
Meanwhile, the black market appears to be thriving anew—invigorated by dissuasive taxes on growers, plus licensing fees and frustrations over difficulties of entering the legal economy. If more cultivators aren’t licensed by the state, manufacturers for cannabis concentrates for vape pens, waxes, and infused edibles fear they may run short of their critical production component – leafy cannabis trim – by summer.
Continue reading “With Growers in the Shadows, California Faces Cannabis Shortage”
The measure will create an industrial hemp pilot program to study the cultivation and marketing of hemp. Continue reading “Missouri Senate Passes Bill Allowing Industrial Hemp Cultivation”
Cannabis testing services is a high-growth cannabis sub-industry.
According to data from cannabis industry media company, High Times, the cannabis lab testing industry is valued at $866MM in 2016.
With more countries legalizing cannabis, demand for testing is expected to soar, with the cannabis testing industry expected to grow to $1.4 billion by 2021. Continue reading “Cannabis Testing Company Sales Jump 438% in 12 Months”
Connecticut legislators are revisiting legalization of marijuana, as a growing number of New England states are allowing people to possess and use cannabis. Continue reading “Will this be the year Connecticut legalizes marijuana?”
Growers in the Silver State are continuing to build out their cultivation facilities and improve their growing methods, pumping additional supplies into the market. Continue reading “Nevada wholesale marijuana prices remain high — for now”
People with marijuana convictions on their record often have a difficult time finding gainful employment. Sure, a number of states have legalized marijuana. But pot offenders are often treated like pariahs when looking for work. It is for this reason that one hemp company wants to hire growers with marijuana convictions. The goal is to put their felonious talents to work in the legitimate medical marijuana industry. Continue reading “This Hemp Company Wants To Hire Growers With Marijuana Convictions”