Marijuana Business News

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stocks
business
Tue
25
Apr

Israeli Medicinal Cannabis Start-Up Lists on the ASX as It Looks to Diversify Stock Offering

An Israeli medicinal cannabis start-up is one of the latest firms to list on the Australian stock exchange, as the ASX seeks to diversify its traditionally resource-dominant stock offering.

Despite its Israeli roots, eSense-Lab chose the Australian Securities Exchange (ASX) to make its foray into global markets to take advantage of investor appetite here for new technology stocks.

A brainchild of Israeli doctor Yaron Penn, who has spent the past six years refining the technology, the firm produces a product which smells and tastes like cannabis and has many of its medicinal benefits but does not contain a trace of an actual cannabis plant.

Tue
25
Apr

Wana Brands Adds CBD Gummies to the Mix

With consumer interest in CBD on the rise, top selling gummies now offer therapeutic effects.

Wana Brands has united its top selling sour gummies with CBD, a consumer favorite, for its latest line extension CBD Specific Gummies. The new line allows customers the freedom to choose their favorite Wana flavors that boast the therapeutic effects of CBD. Wana Brands is the No. 1 ranked edibles brand in sales revenue in the highly competitive Colorado market according to BDS Analytics.

Tue
25
Apr

Cannabis and Patents 101

Harrison Jordan interviews a patent lawyer with experience in the cannabis industry.

As the Canadian cannabis industry continues to expand innovations will flood the market. The patent is a robust piece of intellectual property that can be filed across many different industries, and cannabis is no exception. We asked David Wood, a trusted lawyer at Borden Ladner Gervais in Calgary with clients in the Canada’s ACMPR regime, to tell us a bit about patents and their interaction with the cannabis plant.

Mon
24
Apr

This landmark cannabis bill is great news for marijuana stocks

Investors would probably struggle to find an industry that's growing at a faster and more consistent pace than legal marijuana.

Last year alone, according to cannabis research firm ArcView, North American legal pot sales jumped 34% to $6.9 billion. ArcView estimates that legal sales could top $22 billion by 2021, with investment firm Cowen & Co. expecting legal sales to hit $50 billion by 2026. Regardless of what estimate you choose to believe, the legal marijuana industry is growing by between 20% and 30% a year. That type of consistent long-term growth is certainly appealing to investors.

Mon
24
Apr

Why cannabis tech companies need celebrities to survive

The video for “Promises,” a 2015 song from Kid Ink and Fetty Wap, focuses on Kid Ink’s plans for a surprise wedding for his girlfriend. But about two-thirds through, the video grinds to a halt to show two boxes of Kandypens – a vaporizer mostly used to consume marijuana – sitting on a table, well-lit and arranged in a tableau so perfect that it could be at Macy’s (if the department store sold vapes). For the rest of the clip, almost everyone is using a Kandypen.

Mon
24
Apr

High hopes for sunglasses made from cannabis plants

Fields of cannabis could soon be carpeting the Borders countryside if ambitious new plans get off the ground.

But not because an international drugs cartel is expanding into Scotland – it’s down to a young entrepreneur and his green design and manufacturing business.

Sam Whitten grew up in the village of Broughton in Peeblesshire and studied product design at Glasgow Caledonian University.

The 25-year-old has recently started his own firm making handcrafted luxury sunglasses and fashion accessories. He plans to move into jewellery, clothing and even sustainable architecture in the next couple of years.

And it’s all made out of cannabis, or hemp – industrial-grade, which won’t get you high.

Mon
24
Apr

Marijuana entrepreneur to tell city council that banning pot shops will only help organized crime

Continuing to ban pot shops with marijuana legalization on the horizon just helps organized crime, Kelowna city council will hear next week.

A would-be retailer of the drug says Kelowna will “suffer the consequences” if it moves forward with a plan to explicitly prevent the sale of marijuana in local shops.

“To keep cannabis out of the hands of children, and the profits out of the hands of criminals, regulating access to cannabis should be a high priority,” says information given to the city by Mark Conlin, on behalf of a firm called Starbuds.

“The status quo is no longer an option,” the company’s material states. “Choosing to do nothing means your community continues to suffer the consequences.”

Mon
24
Apr

Oregon winery sues to block marijuana grow

A winery and another property owner in Yamhill County, Oregon, filed a lawsuit to prevent a neighbor from growing marijuana on their farmland. The suit seeks an injunction from a judge due to the odor that can associated with cannabis cultivation, and the susceptibility of the wine grapes to be possibly altered in some manner by those odoriferous emanations. The owners also asked the county to reverse their approval of a marijuana processing facility on the Exclusive Farm Use (EFU) zoned land.

Mon
24
Apr

Chicago law firms starting up new marijuana-specific practices

Law firms throughout Chicago, from national firms to solo operations, are carving out cannabis practices as marijuana use gains acceptance.

The Chicago Tribune  reports that firms are increasingly offering to help companies navigate the highly regulated world of medical marijuana in Illinois and elsewhere.

The stigma surrounding the federally illegal drug has barred some firms from advertising their cannabis practices.

Dina Rollman and Bryna Dahlin formed a firm in January 2016 to focus on the cannabis industry. The firm counsels companies that grow and sell marijuana as well as businesses that intersect with the industry, from vaporizer manufacturers to advertising agencies.

Mon
24
Apr

The faces of marijuana legalization in Delaware

If you think supporters of legalizing marijuana are all pot-smokers and hippies, think again.

After winning several legislative victories over the past few years, a close-knit corps of advocates is putting its full weight behind the Holy Grail of marijuana reform: Legislation that would make Delaware the ninth state to fully legalize, regulate and tax cannabis.

“We’re so close we can taste it,” said Cynthia Ferguson, executive director of the Delaware branch of the National Organization for the Reform of Marijuana Laws.

How did Ferguson and her comrades get this far? By eschewing what they see as outdated clichés about tie-dyes and Cheech and Chong movies and arming themselves with arguments rooted in social justice, fiscal policy and economic development.

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