Minorities Find Themselves Almost Shut out of Michigan’s Marijuana Business

Michigan Skyline

When Margeaux Bruner looked into the possibility of getting a license to enter the blossoming marijuana industry, she realized she would face some barriers that might be impossible to overcome.

The Novi resident has bachelor’s and master’s degrees and worked in the logistics industry, which would be handy skills if she was able to get a secure transporter license. But she also had gone through a divorce, which led to a bankruptcy that could be a disqualifying factor if she applied for a medical marijuana business license from the state. Continue reading “Minorities Find Themselves Almost Shut out of Michigan’s Marijuana Business”

Beijing Says Us Legalization of Marijuana Is a ‘Threat to China’

China Market

Beijing’s leading drug enforcement body has blamed the legalization of marijuana in Canada and parts of the United States for a spike in the amount of drugs smuggled into the country, describing it as a “new threat to China.”

At a press conference in Beijing Monday, Liu Yuejin, deputy director of the China National Narcotics Control Commission, said that the number of cannabis users in China had grown by more than 25% in 2018, rising to about 24,000 people. Continue reading “Beijing Says Us Legalization of Marijuana Is a ‘Threat to China’”

Little-Known European CBD Stock Cashing in on 400% Growth Projection

Cannabis Background

The European CBD market is expected to see explosive growth in the next four years.

According to a new report from Brightfield Group, a leading hemp and cannabis market research firm, the European CBD industry will see explosive growth in the next four years. Brightfield estimates the European CBD market at $318 million in 2018. Brightfield expects the market to grow more than 400% through the year 2023. Continue reading “Little-Known European CBD Stock Cashing in on 400% Growth Projection”

Michigan Could Face Competition after Illinois Legislature Approves Recreational Pot

When Illinois Gov. J.B. Pritzker signs legislation legalizing recreational marijuana later this month, it will set up a race for the Midwest.

Who gets to be first in the Midwest to kick off the market for legal weed and capitalize on a potential billion dollar industry, Michigan or Illinois? Continue reading “Michigan Could Face Competition after Illinois Legislature Approves Recreational Pot”

Marijuana Legalization Isn’t Dead Yet in New York

NY Skyline

Lawmakers in New York are mounting a renewed and frantic push to legalize marijuana before the legislative session ends on Wednesday, even as debates about revenue and political blowback that doomed an earlier attempt have threatened to derail the effort again.

Staff members from the State Senate, Assembly and governor’s office met throughout the weekend, the first time they had engaged in three-way negotiations since the previous push fell short. Continue reading “Marijuana Legalization Isn’t Dead Yet in New York”

2 Red Hot Cannabis Stock IPOs to Play California and Hemp

Stock Firm

Stock IPOs are one of Wall Street’s most exciting events. When shares of a company begin trading on the stock exchange, investors get their first shot to invest in an exciting, young company. These early investments can also turn out to be very profitable. That is particularly true for the cannabis industry.

Although there is plenty of risk in cannabis stock IPOs, many have turned into profit gushers in the last few years. Continue reading “2 Red Hot Cannabis Stock IPOs to Play California and Hemp”

Data-Driven Growth Strategies for Medical Cannabis Providers

Data Analysis

Many cannabis manufacturers and dispensary owners I talk to don’t have a direct sales team; most don’t like making sales visits or calls to key physicians and virtually all say they don’t have the time to do more on the development side of their business. Does this sound like you or your practice?

As competition between post-acute health care providers continues to tighten and the market for medical cannabis and CBD expands, medical cannabis providers must begin to think differently about where their business comes from and how they seek out and cultivate new business opportunities. Continue reading “Data-Driven Growth Strategies for Medical Cannabis Providers”

Marijuana Industry Wants L.A. to Crack down on Illegal Pot Shops

The legal marijuana industry urged Los Angeles City Hall on Monday to get tougher with illegal shops that are gouging their businesses in open sight.

Illegal pot shops are widespread throughout Los Angeles and typically look like the real thing. And they’re thriving — they sell cheaper products than their legal rivals because they don’t charge hefty state and local taxes.

In a letter Monday, the industry group Southern California Coalition recommended the city consider seizing cannabis inventory and cash from illegal shops that are found to be selling tainted products. Continue reading “Marijuana Industry Wants L.A. to Crack down on Illegal Pot Shops”

Texas Governor Signs Bill to Allow Farmers To Legally Grow Hemp

Republican Governor Greg Abbot of Texas signed a bill on Monday that will allow farmers in the state to legally grow hemp. The measure, House Bill 1325 (HB1325), also removes hemp from the state’s list of controlled substances and legalizes cannabidiol, or CBD, and products made with the cannabinoid.

HB 1325 was passed by the Texas House of Representatives in April and approved by the state Senate the following month. The bill received unanimous support in both houses of the legislature. Continue reading “Texas Governor Signs Bill to Allow Farmers To Legally Grow Hemp”

Rally Coming For Most Undervalued Cannabis Stock

CGC Chart

May was a tough month for cannabis stocks. However, here’s the upside – It has also created one of the best buying opportunities in two years.

In fact, I think the largest cannabis stock in the world has a high probability of a big rally in the next few weeks and months.

The North American Cannabis Stock Index fell into a bear market in May, dropping 20% from the monthly high. The index is now down 23% from the 2019 high set in late March. Continue reading “Rally Coming For Most Undervalued Cannabis Stock”