Israeli Cabinet Ministers Approve Exports of Medical Marijuana

Cabinet ministers on Sunday approved the export of medical cannabis, paving the way for Israeli marijuana growers to begin international sales.

A cabinet statement said the decision is expected to increase the number of Israeli manufacturers, investments in agriculture, research and production, and create new jobs in the related fields.

The move caused stocks in medical cannabis companies to surge, but exports are not expected to begin until later this year, after the bureaucratic procedures governing the export process are put in place. Continue reading “Israeli Cabinet Ministers Approve Exports of Medical Marijuana”

$600 Million Edibles Leader Begins Trading in Canada

The edibles market has quickly evolved into one of the fastest growing cannabis subsectors.

With Canada set to legalize edibles this year and more US states legalization medical and recreational cannabis, annual sales of edibles in the US and Canada could hit $4.1 billion by 2022.

While Dixie Brands (CSE: DIXI, OTC: DXBRF) is still my favorite edibles company right now, I see another promising cannabis company that is already cashing in on the edibles trend. Continue reading “$600 Million Edibles Leader Begins Trading in Canada”

Arizona Lawmaker Wants to Cut Expenses for Medical-Marijuana Cardholders

A Republican lawmaker wants to reduce the financial burden on medical- marijuana patients.

A proposal by Sen. Sonny Borrelli of Lake Havasu would extend the state’s current one-year certifications for medical-marijuana cards to two years. For patients, that would eliminate both the expense of a required second-year trip to the doctor and of paying the second-year annual fee to the state. Continue reading “Arizona Lawmaker Wants to Cut Expenses for Medical-Marijuana Cardholders”

Michigan Medical Marijuana Facilities Given Temporary Licenses Following Shortage

More than 70 Michigan dispensaries operating under temporary licenses were forced to shut their doors at the beginning of 2019. In compliance with a set of bills passed in 2016, reforming the way the state regulates the production and sale of medical marijuana. The result was a shortage in medical marijuana, plaguing many areas in Michigan including much of Ann Arbor. Continue reading “Michigan Medical Marijuana Facilities Given Temporary Licenses Following Shortage”

Latest Bill to Legalize Marijuana Gains Momentum in New Mexico

Recreational marijuana would become legal for people 21 or older in New Mexico and the state could tax marijuana sold in licensed stores under a bill introduced Thursday by state Rep. Javier Martínez, D-Albuquerque.

House Bill 356 would establish a licensing system that supporters say favors small businesses and institute a 9 percent tax on marijuana for buyers who are not patients in the state’s Medical Cannabis Program. Continue reading “Latest Bill to Legalize Marijuana Gains Momentum in New Mexico”

The #1 Stock to Invest in Cannabis Edibles

Cannabis edibles are expected to be one of the fastest growing cannabis subsectors in the next four years.

According to a recent report by leading cannabis research firm Arcview Market Research, spending on edibles in the US topped $1 billion in 2018.

With Canada set to legalize edibles this year and more US states legalizing medical and recreational cannabis, the cannabis edibles market is set to explode in the next four years. Arcview estimates annual sales of edibles in the US and Canada could hit $4.1 billion by 2022. Continue reading “The #1 Stock to Invest in Cannabis Edibles”

The #1 Stock for the US Hemp Boom

Canopy Growth Corp (CGC, WEED), the largest cannabis company, just made history in the US cannabis industry.

Canopy just became the first cannabis company ever to receive a permit from the state of New York to grow hemp.

This is a big win for Canopy and a shot in the arm for the US hemp industry. The new license gives Canopy a valuable first-mover advantage in the high-growth US hemp market. That should help Canopy build on its early industry leadership in the global cannabis market. Continue reading “The #1 Stock for the US Hemp Boom”

High-Level Coalition Launches Campaign Supporting Legalization in Minnesota

As a congressman, Tim Walz pushed the Department of Veterans Affairs to study medical cannabis for military veterans. And now, as the newly elected Governor of Minnesota, Walz wants to make it the next U.S. state to legalize marijuana. In fact, Walz’s tax-revenue-generating, economic-opportunity-creating, racial-disparity-reducing stance on legalization led Forbes to predict that Minnesota would indeed be the next legal-weed state. Continue reading “High-Level Coalition Launches Campaign Supporting Legalization in Minnesota”

Attorney General Nominee Will “Not Go After” Marijuana Companies

Attorney general nominee Bill Barr says he would “not go after” marijuana companies in states where cannabis is legal.

Barr said at his confirmation hearing on Tuesday that companies had relied on Obama-era guidance that kept federal authorities from cracking down on the pot trade in states where the drug is legal. Continue reading “Attorney General Nominee Will “Not Go After” Marijuana Companies”

KushCo Holdings Inc (OTCMKTS:KSHB) Knocks it Out of the Park Again

We have been fans of KushCo Holdings Inc (OTCMKTS:KSHB) for quite a while. The company consistently beats the market’s expectations for a pick and shovel in the cannabis space. To wit: KSHB just announced its Q1 financials for fiscal 2019. According to the release, revenue was up 186% year-over-year to $25.3 million. Revenue exceeded the previous quarterly high of approximately $20 million in the fourth fiscal quarter of 2018, representing a 26.5% increase. On a GAAP Basis, gross profits were equal to 12.8%, compared with 34.8% in the prior year period. Continue reading “KushCo Holdings Inc (OTCMKTS:KSHB) Knocks it Out of the Park Again”