Marijuana Business News

Synonyms: 
stocks
business
Fri
15
Oct

Top Marijuana Penny Stocks To Watch Mid October

marijuana plant and cell phone

Are you looking for top marijuana stocks to invest in for Q4 2021? For the past 8 months, the cannabis sector has experienced substantial market declines. This is mostly due to Congress not establishing marijuana legalization earlier in the year. Now in Q4 the SAFE Banking Act and the MORE Act have resurfaced and passed in the House. Although there currently is a hold up in the Senate because lawmakers have their own legislation they have been trying to advance.

Fri
15
Oct

Palm Springs City Council approves new fee schedule for cannabis business violations

man watering cannabis plants

The Palm Springs City Council on Thursday unanimously approved a new schedule for municipal fines that can be levied on cannabis-related businesses that violate the city rules governing them. 

In 2019, Palm Springs adopted a set of revised regulations for cannabis businesses, such as dispensaries and production operations, that was motivated largely by concerns raised by residents about the impact of odors those businesses can produce. 

Fri
15
Oct

Are These Marijuana Stocks On Your Watchlist? Here’s Why They Should Be

girl at computer

A good amount of investors are looking at marijuana stocks from a different lens. What this means is a lot has changed in the sector in regards to how most cannabis stocks have been performing. Especially in the last year. Many investors at one point felt pot stocks were unstoppable in 2020 and early 2021. During this time many cannabis companies were able to see consistent upward trading in the market. Yet from 2018-2020 much of the momentum was built from how new and explosive the cannabis sector was.

Fri
15
Oct

Cornbread Hemp boasts big e-commerce growth during pandemic

men in hemp field

Since its launch in 2019, Cornbread Hemp has expanded its retail footprint to nearly 100 storefronts. But it's the CBD company's direct-to-consumer business that's fueling the majority of its 200% year-over-year sales growth. This time last year, Cornbread Hemp was closing a Wefunder campaign after raising nearly $400,000 from about 900 investors. That capital was used to expand the company's marketing efforts and staff, which has since grown from three to seven full-time employees at its new facility on Data Drive in Jeffersontown.

Fri
15
Oct

Rising Consumer Spending on CBD-infused Products Fueling Big Profits in Billion Dollar Industry

marijuana leaf

The last two decades have seen a great deal of progress in global legalization and regulation of cannabis, both for medical and recreational use. Nowadays, the demand for cannabis is expected to increase significantly from the arrival of cannabis-infused products. The growth of the overall CBD-infused products market is backed by the rising demand and increasing legalization of cannabis, growing application of cannabis in cancer, and health benefits offered by cannabis-infused products. Moreover, the usage of cannabis in pet food and the increasing demand for cannabis-infused drinks provide significant opportunities in this market.

Fri
15
Oct

Hemp, Promise and Problems

man harvesting hemp

Yellowing soybean leaves and drying corn husks are early autumn signs that huge combines will soon gobble grain from vast fields of Nebraska’s two main crops.

They also mark completion of a promising but problematic harvest: Hemp.

It’s the second year Nebraska farmers can legally grow and process industrial hemp.

Thu
14
Oct

Here’s why Snoop Dogg’s firm just invested nearly $19 million into a European cannabis startup

dollar sign

AceCann, a Portuguese medical cannabis company, is receiving a €13 million ($18.7 million) investment from Casa Verde, a venture capital fund co-founded by Snoop Dogg. It is the firm’s first investment in continental Europe, according to Sifted.

Thu
14
Oct

Marijuana sales drop in Colorado after huge surge in July

down arrow

Medical and retail marijuana sales fell in August for the second consecutive year, while the state's tax and fee revenue also declined, according to the Colorado Department of Revenue's September report. 

Prior to last year, marijuana sales throughout the month of August had continuously increased from the previous month since 2014, according to the report. 

Throughout the month of August, $192 million worth marijuana was sold across the Centennial State, which is a decrease of over $9.9 million or nearly 5% from July. Likewise, this August's overall sales were nearly 12% lower than in 2020, according to the report. 

Thu
14
Oct

Las Vegas cannabis industry reflects on a record year of financial growth

Las Vegas sign

Cannabis is booming. New numbers from Nevada’s Cannabis Compliance Board and Department of Taxation show the marijuana industry had more than $1 billion in taxable sales in the last year.

What these figures really show is that it is a product everyone is becoming more and more comfortable with.

And these gains are for the history books.

“It existed in the shadows for so long—you’d probably have to talk to someone from the 20s and 30s when alcohol was finally legalized,” said David Goldwater, a managing partner at Inyo Fine Cannabis Dispensary.

Thu
14
Oct

Cannabis commerce company Dutchie doubles valuation following new funding round

two men standing together

Dutchie, a four-year-old, Bend, Oregon company that charges cannabis dispensaries a monthly fee to create and run their websites and manage orders, is on a roll this year, raising its second large round of funding — this time a $350 million Series D at a $3.75 billion valuation. (Photo Credit: Dutchie/Dutchie Co-founders Ross Lipson and Zach Lipson)

The new valuation is more than double what was announced in March when Dutchie brought in $200 million in Series C funding at a $1.7 billion valuation. At the time, the valuation was roughly eight times the $200 million valuation the company had after closing on $35 million in Series B funding last August.

Pages

Subscribe to RSS - Marijuana Business News