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Featured Articles
Ballot measure for recreational cannabis in Missouri claims 200,000+ signatures
Cannabis advocates in Missouri who want the state to become the next to legalize cannabis for adult use have reached a new milestone in their ballot drive with two weeks to spare. Legal Missouri 2022, a group petitioning to put recreational cannabis on the ballot,...
Raleigh N.C. Bank Tries To Carve Niche In Serving Cannabis Industry
North Carolina is one of 13 states that have no legal avenue for the use of medical marijuana, much less the sale and distribution of recreational cannabis. That hasn’t deterred a 100-year-old Raleigh bank, West Town Bank & Trust, from launching last...
Cleveland to Expunge Cannabis Convictions
Officials with the city of Cleveland have filed motions to expunge cannabis convictions of more than 4,000 people. The convictions are for possession of 20 grams or less, dating back to 2017. If considered a minor misdemeanor, cannabis possession won’t create a...
South Africa approves first legal cannabis pharmacy
South Africa has given the green light for the operation of the first legal cannabis pharmacy within its boundaries. This unmatched launch follows the Decriminalisation of cannabis in South Africa in 2018. According to a report by The Sunday Times, THC Pharmacy is...
Despite Falling Stock Prices, Cannabis Leaders Are Optimistic
Cannabis investors have seen stock prices tumble even as cannabis companies report increasing sales. Green Market Report recently asked some leaders in the cannabis industry how they felt about the market in general despite the market pessimism. Brandon Pollock, CEO...
US cannabis firm to light up Thai weed scene
A Las Vegas-based cannabis company has become the first foreign franchise to jointly open a medical marijuana clinic in Thailand, treating Parkinson’s, Alzheimer’s, cancer, eating disorders, and insomnia in Bangkok’s flashy tourist zone. “I hope that Thailand becomes...
Featured Articles
Cannabis ETFs Evolve but Don’t Yet Excel
The first cannabis exchange-traded fund (ETF) launched in 2017, and we have been following the developments closely since then. Today, we are tracking 11 ETFs. We recently shared a review of these funds with subscribers to our premium cannabis due diligence service 420 Investor, concluding that there has been a substantial evolution over the past four years, though few of the ETFs have been able to scale. Further, performance relative to benchmarks hasn’t been particularly strong. Some ETFs don’t have benchmarks, which we believe does a disservice to investors who deserve accountability. There are now 4 cannabis ETFs that have grown to assets in excess of $100 million, including AdvisorShares Pure US Cannabis ETF (NYSE ARCA: MSOS), ETFMG Alternative Harvest ETF (NYSE ARCA: MJ), Horizons Marijuana Life Sciences ETF (TSX: HMMJ) and AdvisorShares Pure Cannabis ETF (NYSE ARCA: YOLO).
New Cannabis Ventures, 03/20/2022 11:05:00
Open article: https://www.newcannabisventures.com/cannabis-etfs-evolve-but-dont-yet-excel/
Cannabis Compliance Board to discuss marijuana consumption lounge rules
The Nevada Cannabis Compliance Board will be working on rules surrounding marijuana consumption lounges. The next public workshop is set to take place Tuesday at 1 p.m., and the board said the first lounge could open as soon as the fall. Some dispensaries like Planet 13 are have been working on what will be their marijuana consumption lounges. Consumption lounges were made legal last year, but the state is now working on the rules surrounding them. “It’s just a waiting game — this allows us to not only create the products here and sell the products here but for people to consume the products,” said David Farris Vice President of Sales and Marketing at Planet 13. “We are still advancing through the requirements, right now we are waiting for finalization of what the lounge will look like and what those requirements will be, so we can create something in the framework.” Come Tuesday, the next step in the regulation-making process will take place. Tyler Klimas is the Executive Director of the Cannabis Compliance Board, and he said that the decisions surrounding these consumption lounges will include further discussion of a variety of regulations.
Mmp News Author, Medical Marijuana Program Connection, 03/21/2022 23:25:00
Global Cannabis Pharmaceuticals Market Research Report 2022 – ResearchAndMarkets.com
The Global Cannabis Pharmaceuticals Market size was estimated at USD 872.57 million in 2020, is expected to reach USD 1,031.56 million in 2021, and is projected to grow at a CAGR of 18.58% to reach USD 2,877.64 million by 2027. In this report, the years 2018 and 2019 are considered historical years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2027 are considered the forecast period. Cumulative Impact of COVID-19: The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market. Competitive Strategic Window: The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects.
Mmp News Author, Medical Marijuana Program Connection, 03/22/2022 02:30:00
South Dakota: Governor Signs Legislation Preserving Patients’ Home Cultivation Rights
Republican Gov. Kristi Noem has signed legislation (SB 24) into law preserving the ability of qualified patients to home cultivate limited quantities of cannabis. Voters in November 2020 overwhelmingly decided in favor of a ballot measure (Measure 26) permitting qualified patients to possess, grow, and purchase medical cannabis — a measure which Gov. Noem opposed. Since that time, on two occasions, House lawmakers voted in favor of legislation to eliminate patients’ home cultivation rights. “Permitting limited home cultivation provides patients with the ability to have reliable, affordable, and consistent access to their medicine,” NORML’s Deputy Director Paul Armentano said. “Seventy percent of voters approved this right at the ballot box and it is reassuring to see that a majority of lawmakers, and the Governor, ultimately decided to respect the voters’ decision.” Senate Bill 24, as amended in the conference committee, permits registered patients to cultivate a total of four marijuana plants (two mature, two immature) and to legally possess the harvest from those plants.
NORML, 03/20/2022 20:00:00
How Does The Ukrainian War Effect Cannabis Prices In Europe?
The ongoing situation in Ukraine has been described as the largest ground war within Europe since the Second World War ended. Many industries are being affected, including the budding cannabis industry. This article originally appeared on Cannabis.net and has been reposted with permission. Amid this ongoing fracas between Ukraine and Russia, it is high time one considers its impact on the European weed industry. The progress made by European nations concerning cannabis legalization could be overturned or delayed in the next few months. Less than a month ago, one could hardly hear words like sanctions, bombs, missiles, war crimes, etc., within the European space. Since Russia officially declared war on Ukraine, it’s all anyone hears on media platforms. This article is not in any way undermining the severity of what’s happening in Ukraine at the moment; it only seeks to explain how these hostilities between most European countries and Russia would affect cannabis reforms and the legal industry across the continent. The reality setting in on cannabis operators in Europe is that reforms and vital policies that would have aided the growth of the space post-COVID will take a backseat to the current security issues. Although Ukraine is not the leading center for cannabis advocacy in Europe, its security issues could backfire on other countries in the region. A quick search on google will reveal that Germany is less than a day’s drive from Ukraine, while Poland and Hungary share borders. Many operators are worried that the production and supply chain of the region’s cannabis industry will be impacted
Terry Hacienda, The Fresh Toast, 03/19/2022 10:00:00
GOP Congressman Who Fought For Marijuana Legalization Dies, And Is Honored By Bipartisan Colleagues
Rep. Don Young (R-AK)—a rare example of a pro-legalization Republican congressman, who was one of just five GOP members of the House of Representatives to vote in favor of a bill to end marijuana prohibition—died on Friday. As the longest-serving member of the House and one of four co-chairs of the bipartisan Congressional Cannabis Caucus—along with Reps. Earl Blumenauer (D-OR), Barbara Lee (D-CA) and Dave Joyce (R-OH)—Young left a legislative legacy on the issue that crossed partisan divides. The surviving co-chairs said in a joint statement on Sunday that Young “was dedicated to ensuring Alaskans and all Americans had the opportunity for a better life not just for today, but also for tomorrow and the future.” “It was with that dedication that he helped found this caucus and created a forum where any and all members could engage, discuss and learn about the need to establish a more rational approach to federal cannabis policy,” they said. “As the four of us worked together across party lines to advance this important issue, we watched it gain more momentum with the American people than ever before. Don’s legacy of bipartisanship is the foundation on which we will continue to build the consensus necessary to enact impactful reform that will address our outdated federal cannabis laws.”
Kyle Jaeger, Marijuana Moment, 03/19/2022 13:18:00
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Arizona Collected More Tax Revenue From Marijuana Than Alcohol And Tobacco Combined, March Data Shows
Arizona generated more tax revenue to the state general fund from legal marijuana sales than from tobacco and alcohol combined last month, state data released last week shows. Tax deposits to the state general fund from medical and adult-use cannabis reached about...
Austin, Texas Voters Can Officially Start Voting On Local Marijuana Decriminalization Ballot Initiative
Early voting kicked off in Austin, Texas on Monday, giving voters a chance to decide on a local initiative to decriminalize marijuana and ban “no-knock” warrants by police. The Austin City Council approved a resolution to put the reform measure on the local...
Alabama Democrats start ‘Free Weed’ site for marijuana legalization
The Alabama Democratic Party has launched a “Free Weed” website to support its effort to legalize the recreational use of marijuana in the state. The site, www.FreeWeedAL.com, argues that prosecutions for small amounts of cannabis are a waste of criminal justice...
California Senate Green-Lights Bill To Stop Cities From Banning Medical Marijuana Delivery
California Senate Committee gave the green light to a bill that restores voter-created access to medicinal cannabis by requiring cities to provide patients access to purchase medicinal cannabis via delivery. According to a press release, Senator...
South Africa approves first legal cannabis pharmacy
The SA Standard writes… South Africa has given the green light for the operation of the first legal cannabis pharmacy within its boundaries. This unmatched launch follows the Decriminalisation of cannabis in South Africa in 2018. According to a report by The Sunday...
Amsterdam poised to shut down cannabis cafes to tourists
Amsterdam, long a hazy haven for marijuana fans, could be poised to do the unthinkable. Amsterdam Mayor Femke Halsema says it is time to close the marijuana coffee shops because they are leading to too much trouble, SchengenVisaInfo.com reported. Halsema told...
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