Argentina is making steady progress in its quest to become synonymous with the cultivation of other plants besides its beloved Yerba Mate, namely cannabis and hemp.
Earlier this month, Argentina’s government, led by president Alberto Fernandez, published a draft regulatory framework for the development of the country’s medical cannabis and hemp industries, following a major legislation change approved in November 2020.
Some states around the U.S. that have legalized recreational marijuana, have collectively made close to $8 billion in tax revenue. Which has been so since sales initially went legal back in 2014. This info was taken from the MMP who gathered the info on the matter. Furthermore, since then a great deal of innovation and progress has commenced for the cannabis industry.
Each quarter, Cannabis & Tech Today speaks with innovative brands from around the country to discover who is leading the call for a more resilient, thoughtful, transparent cannabis industry.
This issue, we’re highlighting three brands receiving national attention for their commitment to excellence within the cannabis community.
Rich Batenburg Jr., has decades of experience developing scalable business models in various industries.
As president and chairman of Clear Cannabis, Inc., Batenburg is using his expertise to develop an infrastructure for the company capable of scaling to a national level.
Wichita Falls was slated to become home to the nation's largest hemp processing plant, which may still come to pass, but area farmers are taking a cautious approach to the new crop.
"I guess the short story is people were very interested, but what we've come to learn is that we are so far from where we need to be on being able to do that on a wide scale it's going to be a slow, slow process," said Wichita County Extension Agent David Graf.
Texas legalized growing hemp 2019 following an 80-year federal ban because the plant contains a small amount of the same chemical that gives marijuana its high. Hemp is marketable because it can used in the manufacture of textiles and other products.
Wisconsin saw a significant decline in the number of hemp growers and processors operating this year. That’s according to data from the state Department of Agriculture, Trade and Consumer Protection (DATCP).
Hemp growers and processors are required to register annually with DATCP as part of the state’s Hemp Research Program, which will continue through the 2021 growing season.
As of Monday, DATCP had received 803 grower applications, 83 percent of which were returning applicants. That’s about 48 percent fewer applications than it received in all of 2020.
Have you been watching the top marijuana stocks wondering if you should make an investment? Currently, top marijuana stocks to buy have been showing significant market declines in the past few months. Now in June, there seems to be some upward momentum in the top pot stock to invest in. For new investors looking for an entry into the cannabis sector, this could be a great opportunity to find the best marijuana stocks to buy at lower price points.
Oregon's cannabis market offers examples of industry pain points, as well as the ability to innovate and mature.
Investors and entrepreneurs may want to be wary of the hyper-competitive market. However, if recent trends hold, Oregon may be turning towards prosperous times.
April 2021 data from the Oregon Liquor Control Commission (OLCC) revealed that the state sold over $105 million in cannabis products in May 2021. In March and April, the state sold approximately $109 million and $110 million, respectively.
The figures mark significant gains for Oregon, which saw sales surpass $70 million per month at the start of the pandemic.
There’s no question that the cannabis industry is booming and changing daily. MJBizDaily recently released a publication that expects marijuana sales to boost the economy by $92 billion in 2021 alone. That statistic is up 30% from last year, and the same analysis predicts it will reach upwards of $160 billion by 2025.
With all of this incredible growth, significant changes are on the horizon. So, we decided to ask five top leaders in the cannabis and CBD industries about the changes they anticipate happening in the next five years.
Here’s what they shared.
On 17 May 2021, the Ministry of Public Health (MOPH) issued several notifications to prescribe the criteria and requirements in relation to the use of cannabis and hemp in cosmetics, including the permitted parts of the cannabis and hemp plant and extracts, the permitted level of THC and the permitted CBD, and applicable labelling and warning requirements. These notifications became effective on 18 May 2021.
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In essence, cosmetics containing cannabis or hemp parts as an ingredient must comply with the following key requirements:
In his 2022 budget proposal, President Joe Biden included a rider first introduced by Republican Maryland Rep. Andy Harris that would block D.C.’s ability to legalize and tax recreational marijuana, even after the city’s residents voted to legalize possession back in 2014. While the budget provision is plainly at odds with Biden’s support of D.C.
It is no secret that Amazon is one of the largest companies on earth. In fact, it’s the third largest company worldwide according to available data.
Estimates put Amazon’s total online net sales in 2020 at roughly $386 billion dollars. That figure does not appear to include revenue from other products and services that Amazon sells.
Amazon has literally revolutionized the way that consumers buy things, much to the dismay of small and large brick and mortar retailers alike. That is true across the globe.
Currently in June marijuana stocks are still building more momentum. Which has been much needed after the last 12 weeks of trading. However, even as parts of the sector start to recover there is still time to find good marijuana stocks to buy. In the last 3 months starting from the second week of February cannabis stock drastically dropped in price.
I can guarantee Amazon figured out how many employee applications are failing the marijuana drug test nationally each month.
Why did Amazon come out in favor of legalizing marijuana, now?
With the big press release from Amazon about supporting marijuana legalization in America many in the cannabis industry jumped to the conclusion that Jeff Bezos and his board were getting ready for full on delivery and shipping of marijuana.
Cannabis brings big money to those U.S. states willing to legalize. This is the message marijuana advocates have been preaching for years, and they take every opportunity to praise it as a selling point.
Some of the latest numbers prove that the sale of cannabis products is poised to become one of the largest, tax-generating inebriation markets in the U.S.
The economic picture is getting high in Southwest Michigan, thanks in great part to the marijuana industry.
New businesses in empty factories. Busy storefronts. Tens of thousands of dollars in tax revenues. The marijuana business is big in Southwest Michigan.
The South Bend Tribune reports that a number of factories and storefronts that had been forced to close their doors when redevelopment efforts came up short have found new life since the state legalized marijuana.
So far marijuana stocks have still been performing well during the first week of trading in June. Even though it’s still the beginning of a new month momentum seems to continue to build. During the downtrend over the last few months, people were on the hunt for the best marijuana stocks to buy. Right now shareholders are left waiting for the cannabis stocks to rise a bit more.
The establishment of optimal planting stock in cannabis enables the continuous developmental momentum of the crop, from propagation to harvest. Although it may be preferable for cultivators to outsource propagation to specialist nurseries in some cases, many commercial facilities prefer to retain critical cultivation processes in-house. Fortunately, cannabis is easy to propagate through seed germination, or asexually through cloning or liner production.
For years, cannabis consumption lounges have been kept at bay, though lately pro-lounge legislation is becoming more prevalent in the legal cannabis marketplace. The tides are already turning in several cities like Ann Arbor, National City and Las Vegas. New York included cannabis club licenses in its recently passed adult-use legalization bill.
While uncertainty remains regarding regulations and projected revenues, many seem to be optimistic.
The cannabis industry and sustainability movement have met at a critical intersection, changing the upward trajectory of social responsibility in the industry for good. Driven by evolving environmental regulations, consumer demand, and the best interests of the business, cannabis operators looking to promote sustainable business practices are no longer alone in their venture. Ancillary product and services vendors are supporting operators in new ways.
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