40-Acre Cannabis Cultivation Facility Officially Underway in Coachella

This year, the Coachella Valley Music and Arts Festival will culminate the weekend of April 20th—a.k.a. 420. But today, the city of Coachella is celebrating breaking ground on a massive new cannabis facility. The more than 40-acre facility will house cultivation, manufacturing and distribution operations. With a plan to finish all construction early 2020, city officials and industry heads hope the Coachella Cann Park will bring jobs and economic revitalization to the city. Continue reading “40-Acre Cannabis Cultivation Facility Officially Underway in Coachella”

1st Legal Marijuana Stores Are Open in Massachusetts

After years of preparation and debate, legal marijuana is now a reality in Massachusetts.

Any adult can walk into a store, pay cash and walk out with a joint, which they can smoke, legally, in their home.

But the roll-out of the first marijuana stores is only the beginning. In the coming year, marijuana entrepreneurs and regulators will face a host of challenges, from enabling small businesses to enter the market to writing regulations for marijuana cafes to figuring out how to address drugged driving. Continue reading “1st Legal Marijuana Stores Are Open in Massachusetts”

Iowa Senator Announces Plans to Introduce Cannabis Legalization Bill

State Sen. Joe Bolkcom of Iowa announced on Monday that he plans to introduce a bill that would legalize the recreational use of cannabis for adults. Under his proposal, marijuana would be regulated like alcohol by the state government.

“It is time for Iowa to end marijuana prohibition,” Bolkcom said at a news conference on Monday morning. Continue reading “Iowa Senator Announces Plans to Introduce Cannabis Legalization Bill”

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”

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”

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”