Marijuana industry has only a couple banking options in New Mexico

bank vault

Verdes Foundation, one of New Mexico’s largest medical cannabis companies, is set to open its first Santa Fe shop — a dispensary on downtown Shelby Street — at the end of November. It plans another new store in the city in 2022, when the state will launch legal sales of recreational cannabis.

The company, which now operates in Albuquerque and Rio Rancho, won’t be funding these expansions with bank loans.

“We self-capitalize our growth,” Verdes CEO Rachael Speegle said. “We don’t borrow any money.”


LGBTQ2S+, cannabis and mental health: everything you need to know

illustration of human brain

A new set of studies aims to explore how weed affects people from diverse communities, including queer and trans folks

Between the legalization of cannabis in late 2018 and the onset of the COVID-19 pandemic in early 2020, the amount of cannabis Canadians are using is increasing. At the same time, a greater emphasis has been put on mental health as people cope with the loss, isolation and hardship of the pandemic. Yet there are still many gaps in our knowledge of how cannabis use affects our mental health, and debate abounds over whether it is an effective coping tool or a harmful crutch. 


A gaming influencer is launching a cannabis brand. Here’s how (and why) he’s converging the two worlds

cartoon  money

This weekend, entrepreneur and gaming influencer Hector “H3CZ” Rodriguez is launching a premium cannabis and hemp brand called Pine Park. Rodriguez is the first prominent gaming influencer to professionally align with the cannabis industry, taking advantage of what he perceives as a demographic convergence between cannabis and gaming.


Tilray Gains as Pandemic Fuels Demand for Cannabis

marijuana leaf

 Shares of Tilray (NASDAQ:TLRY) traded nearly 3% higher in Thursday’s premarket as the pot producer rode high demand for cannabis during lockdowns to drive its first-quarter revenue higher by 43%.

June-August revenue rose to $168 million from $117.5 million a year earlier. Net cannabis revenue jumped 38% as more people took to it to serve recreational and medicinal purposes. 

Legal acceptance of cannabis in more states in the $80 billion U.S. cannabis market as well as Canada also helped the company. Tilray also sent its first shipments of medical cannabis products to Germany in the quarter.


Driver of vehicle stolen from North Carolina is caught with marijuana in his underwear

mens boxers hanging on a clothes line

Flagler County Sheriff’s Office observed a speeding vehicle that was traveling south on Belle Terre Parkway. A traffic stop was conducted and the driver of the vehicle was found to be a convicted felon from North Carolina driving a stolen vehicle also from North Carolina.

Deputies made contact with the driver, who appeared to be extremely nervous and a strong smell of marijuana was emitting from the vehicle. The driver then advised he had marijuana in his underwear. A total of 14.4 grams of marijuana was located, and a firearm was found under the driver’s seat of the vehicle.

The driver was arrested on multiple charges and is being held in the Flagler County jail on $13,500 bond. 


Is OnlyFans Having A Negative Effect On The Cannabis Labor Market?

keyboard with adults only button

The labor crunch has been problematic for industries across the board recently. The struggle to find good employees has been so tough that even recreational cannabis dispensaries are having a challenging time finding employees. And who wouldn’t enjoy legally selling weed for a living!?

While working in the cannabis industry comes with its own culture that’s hard to find in a conventional career path, it’s always hard to beat working for yourself.


Women and minorities are losing ground in cannabis company executive ranks, study finds

woman holding cardboard box

The legal cannabis business has always worked to become as mainstream as possible as a way to tap into the vast consumer sector in the U.S. and Canada.

Unfortunately, the industry may be mirroring the rest of the business world in terms of unequal representation by women and minorities in senior roles.

The percentage of executive positions held by women and minorities in the U.S. cannabis industry has dropped from two years ago as white men migrated into the business, according to a survey released Monday by MJBizDaily.


3 Marijuana Stocks to Buy and Hold for the Next 10 Years

If you're looking for stocks that you can buy and hold for many years, it's important to choose companies with high-quality businesses and strong catalysts for growth. One industry that receives ample attention from investors of all ages and trading styles is the marijuana sector.

As more states have legalized pot for medical and recreational purposes, growers, retailers, and ancillary providers have popped up right and left. Legal cannabis sales in the U.S. shot up nearly 50% in 2020. And the global legal marijuana market is on track to reach a valuation of nearly $71 billion as soon as 2028.


Clint Eastwood Wins $6.1 Million CBD Lawsuit

The actor Clint Eastwood and Garrapata, the company that owns the rights to his likeness, were awarded $6.1 million on Friday in a lawsuit they had filed against a Lithuanian company that was accused of using Mr. Eastwood’s image and likeness to make it appear as though he was endorsing their products.

Last year, Mr. Eastwood filed two lawsuits in federal court in Los Angeles against three CBD manufacturers and marketers whose products were featured in an online article falsely claiming that he endorsed CBD products, as well as 10 online retailers who he accused of manipulating search results through meta tags. (CBD is cannabidiol, a nonintoxicating compound in the cannabis sativa plant.)


“American Cannabis Company, Inc. Receives Official Organic Materials Review Institute (OMRI) Certification For Its SoHum Living Soils® Product Line”

marijuana plant

American Cannabis Company, Inc.
(OTCQB: AMMJ) (“ACC” or “Company”), a full-service business-to-business cannabis and hemp
consulting solutions provider and licensed owner operator, is pleased to announce that its
proprietary potting mix, SoHum Living Soils®, was recently awarded an official certification from
the Organic Materials Review Institute (OMRI).

OMRI's mission is to provide the agricultural industry with peace of mind in knowing that
quality materials are consistent and organic as a standard. This organization provided an
independent review of SoHum Living Soils®, looking at each individual input that is intended for
use in certified organic cultivation and production.


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