Category Archives: Business

Congress looks into allowing banking for marijuana businesses

U.S. lawmakers are once again exploring efforts to allow legal cannabis businesses access to banks. The Democratic-controlled House Financial Services Committee on Wednesday held a hearing to discuss the Secure and Fair Enforcement Banking Act of 2019, also known as the SAFE Banking Act, reports Yahoo Finance. “We’re trying to examine how outdated banking regulations […]

Q&A: Stockhouse’s Cindy Broad on why U.S. pot businesses look to Canada for capital

As cannabis legalization continues to flourish in North America, several U.S. marijuana companies are turning to Canada’s stock markets in order to build capital. Major cannabis companies such as Flow Kana, MedMen and Wagner Dimas have decided to avoid legal roadblocks in the U.S. by offering shares through Canadian exchanges and generating millions in financing. […]

Woodstock 50th anniversary concert might sell a special signature marijuana strain

(courtesy Woodstock on Facebook) The return of the legendary Woodstock music festival just wouldn’t feel right without its own brand of cannabis. Woodstock festival co-creator Michael Lang recently talked to Billboard about his efforts to resurrect the iconic event for a 50th anniversary show this summer in New York, which could possibly feature its very […]

Q&A: Cannabis Trade Federation CEO Neal Levine on the future of federal marijuana legalization

America’s legal cannabis market owes part of its success to Neal Levine. Levine worked as Senior Vice President of Government Affairs for LivWell Enlightened Health, which earned a reputation as one of the largest employers in the cannabis industry. He has since moved on to be named as the chief executive operator of the Cannabis […]

Legal cannabis website offered federal workers free marijuana during government shutdown

Federal employees must be relieved at news that the government shutdown has temporarily come to an end, but they will probably miss the free weed. The legal cannabis search engine BudTrader.com offered free medical marijuana to government workers who couldn’t pay due to President Donald Trump’s shutdown, the Hill reports. “I don’t think federal employees […]

Watch the medical marijuana Super Bowl ad banned by CBS

Photo by David Downs A Super Bowl advertisement detailing how cannabis can save lives has been rejected by CBS, but viewers can judge the controversial clip for themselves. The commercial, produced by Acreage Holdings, focuses on three people who depend on medical marijuana to improve their daily quality of life. It explains how a young […]

California approves marijuana deliveries throughout state

(Courtesy of Meadow) Californians will be allowed to order cannabis for delivery regardless of their local pot laws. California State Cannabis Licensing Authorities on Wednesday announced the finalization of cannabis regulations that includes home delivery services statewide, the Associated Press reports. The new rule will allow home deliveries throughout the entire state, even in small […]

Rhode Island governor plans to legalize recreational marijuana

(via Wikimedia Commons) Rhode Island Gov. Gina Raimondo will propose a framework to legalize marijuana for adult recreational use, reports the Providence Journal. Raimondo says the proposal is an effort to keep pace with neighboring states that have already ended pot prohibition, such as such as Maine, Massachusetts, and Vermont. New York and New Jersey […]

Canopy Growth Expands Global Presence by Acquiring New York Hemp License 

As the United States continues to grapple with cannabis legalization on the federal level, a number of companies in Canada are positioning themselves to succeed on a global scale. But few have managed to spread their roots like the Ontario-based Canopy Growth Corporation. Already known for its high quality ganja brand Tweed, the company has […]

Alcohol industry not affected by legal marijuana, study finds

Despite fears from anti-marijuana advocates, cannabis legalization isn’t hurting the alcohol industry as many predicted, according to a new study.  A study published Thursday by The Distilled Spirits Council found that spirit sales have actually grown in states that were early adopters of legalizing marijuana for adult recreational use. “At this point, we’ve seen no […]