UNITED STATES, July 03, 2019 (HEMP INDUSTRY DAILY) – Hoping to resolve the legal confusion surrounding the selling of CBD products, states are starting to leapfrog federal health regulators and give hemp entrepreneurs permission to put cannabis extracts in food, drinks and dietary supplements.
But the efforts aren’t reducing legal...
UNITED STATES, August 28, 2019 (HEMP INDUSTRY DAILY) - A Kentucky company planning to develop hemp-derived wood products has begun production even as it appeals a 25% tariff on some equipment from China.
Fibonacci opened its $5.8 million facility in Murray, Kentucky, this week.
The company, which plans to employ 25 people...
A handful of states could pass significant medical marijuana reforms this year, providing for additional licensing opportunities and potentially hundreds of millions of dollars in new sales for existing operators and ancillary services.
Here’s a summary of five key states to watch:
CANADA, September 4, 2019, (PROACTIVE INVESTORS) - The Prohibition Partners report predicts growth in Canada – estimated at 33% annually – will likely be much slower than in the US.
The consultancy suggests sales of medicinal cannabis will dwarf the recreational market in North America.
New findings from a research report...
UNITED STATES, July 30,2019 (MARIJUANA BUSINESS DAILY) - In another sign of how hot retail marijuana business licenses are in the largest cannabis market in the world, nearly 1,900 registrants met the Monday deadline to file social equity paperwork with Los Angeles, a required first step before the city issues...
U.S, March 21, 2020 (CANNABISBUSINESSTIMES) From regulators allowing cannabis delivery and curbside sales to dispensaries being deemed “essential” during shutdowns, the industry is adjusting rapidly.
This week, Michigan’s governor announced that all licensed cannabis retailers may set up delivery services to...
U.S, October 24, 2019 (Marijuana Bussiness Daily)- The U.S. Tax Court again ruled that Section 280E of the Internal Revenue Service tax code is constitutional and cannabis companies aren’t entitled to common business deductions.
The Tax Court concluded that marijuana remains a Schedule 1 controlled substance, and thus, under current...
U.S, May, 2019 (GRAND VIEW RESEARCH)- The global legal marijuana market size is expected to reach USD 66.3 billion by the end of 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 23.9% during the forecast period. Increasing legalization and...
U,S, June 19, 2020, (HEMPINDUSTRYDAILY) U.S. farmers are planting less hemp than they did last year due to regulatory uncertainty, a surplus of hemp flower and biomass held over from 2019 and continuously falling wholesale prices.
As of Thursday, licensed total hemp acreage...
UNITED STATES, JULY 08, 2019 (BATTLE CREEK ENQUIRER) - Apart from the bold marijuana leaf posters, it's hard to tell at first that Great Lakes Holistics is a medical marijuana dispensary.
Patients are greeted like they are at a doctor's office. They sign in, hand over their ID and medical...