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Legalizing marijuana is once again under consideration, a measure that has stalled for the last several years in Albany. But the difference this year could be generating revenue to help close a large gap in the state's budget. Still, like in previous years, the measure has been under debate, the details of how it happens will matter for lawmakers a
More than $30 million in adult-use cannabis sales will help Illinois communities hardest hit by the war on drugs. The Illinois Criminal Justice Information Authority announced on Friday that 80 grants, totaling $31.5 million, are being awarded to organizations to help communities most affected by the war on drugs. The 80 grants are part of the Rest
Walking through the streets of downtown Seattle, I struggle to get used to the fact that the drab gray, one-bedroom loft located above the Occidental Square coffee shop I frequent rents for $4,000 per month. I struggle to come to grips with the knowledge that my fiance and I could easily sell our home in West Seattle today, move to any state in the
Making good on a warning issued months ago, the organization that represents most of the state's marijuana retailers is suing the Cannabis Control Commission to invalidate the new regulations that create a separate category of businesses allowed to deliver non-medical marijuana directly to consumers. Original link
With President-elect Joe Biden planning to sign as many as 15 executive orders during his first day in office, cannabis reform will have to wait, but the question is for how long? Both Biden and Vice President-elect Kamala Harris have voiced support for the legal cannabis industry and with the Democrats now in control of both chambers of Congress,
Cannabis sales in Colorado eclipsed a record $2 billion in 2020, state records show. According to the Department of Revenue’s Marijuana Enforcement Division (MED), adult-use cannabis shops throughout the Centennial State raked in nearly $1.6 billion year-to-date through November. Meanwhile, medical marijuana dispensaries sold more than $405 million
Illinois has reportedly collected a total of $62 million in cannabis tax funds to support impoverished neighborhoods in the state. However, some are getting frustrated because the money has not yet been spent to give back to the community. Original link
Indiana farmers have enough to worry about with the learning curve associated with growing hemp – and they’ll also need to be wary of dishonest hemp seed vendors too. But there is an easy way to avoid being conned. 2021 will be the first year hemp is grown in the state as a commercial crop rather than just for research purposes. There’s lots of int
This story is adapted from From Seed to Success: How to Launch a Great Cannabis Cultivation Business in Record Time (2020) by Ryan Douglas Original link
There were big expectations for the cannabis-infused food and beverage space leading up to the start of last year. Venture capital investment was increasing, seasoned executives were jumping into the trendy space and established players pledged to launch products. But 2020 was not the breakout year for cannabis that some had anticipated. Original
Making industrial hemp a profitable commodity for the West Texas agriculture community is a goal for the Texas Hemp Growers Association, and it's looking more likely to happen this year as potential partnerships with area grocers and other companies emerge. Farmers interested in growing hemp in 2020, the first year to legally grow the crop, had to
As the economy continues to struggle during the COVID-19 pandemic, marijuana dispensaries are still sprouting up across West Michigan. Greg Maki, the owner of Park Place Provisionary, a marijuana shop in Muskegon, loves to see his customers purchase his goods. His store carries more than 670 items. “We carry everything for everybody,” Maki said. “B
Marijuana reform at the U.S. federal level could soon be on the way, as it won't be long before Democrats are in control of the House, Senate, and White House. And that's giving the industry a lot of hope that legislation favorable to marijuana could pass, potentially making the already hot cannabis industry an even more appealing investment opport
Trulieve (OTC:TCNNF), Green Thumb Industries (OTC:GTBIF), and GrowGeneration (NASDAQ:GRWG) have at least tripled investors' money over the past year alone. Those are substantial returns considering that the industry benchmark, the Horizons Marijuana Life Sciences ETF, only returned 22% over the past 12 months. Just what could be behind such amazing
Cannabis stocks are off to a hot start to the year, but can that momentum be sustained? Thanks in large part to optimism surrounding the Georgia Senate run-off election results that will give the Democratic Party control of Congress in addition to the White House, cannabis has been one of the biggest winners of the new year, with the valuations of
